Genius at Work.

counter_violent · Nov 12, 2012

These vids deserve a thread of their own and are particularly relevant in our time.
The programmes were made in 1980.

Free to Choose: Part 1 of 10 The Power of the Market (Featuring Milton Friedman) - YouTube
Free to Choose Part 2: The Tyranny of Control (Featuring Milton Friedman - YouTube
Free to Choose Part 3: Anatomy of a Crisis (Featuring Milton Friedman) - YouTube
Free to Choose Part 4: From Cradle to Grave Featuring Milton Friedman - YouTube
Free to Choose Part 5: Created Equal Featuring Milton Friedman - YouTube
http://www.youtube.com/watch?v=yx6-PHKzHvM&feature=relmfu
Free to Choose Part 7: Who Protects the Consumer Featuring Milton Friedman - YouTube
http://www.youtube.com/watch?v=Gb6aqitTgOM&feature=relmfu
Free to Choose Part 9: How to Cure Inflation Featuring Milton Friedman - YouTube
Free to Choose Part 10: How to Stay Free Featuring Milton Friedman - YouTube

neil · Nov 12, 2012

Excellent video, especially the "lowering inflation video" and the comments relating to inflation and the German experience.

pboyles · Nov 12, 2012

I thought this was going to be the Beginner Joe tribute thread.

BeginnerJoe · Nov 12, 2012

pboyles said:
I thought this was going to be the Beginner Joe tribute thread.

What gave you that idea ?

But I think the guy in the video got it wrong about China. The Chinese have 'no' freedom, yet they will have the biggest economy in the world. Having that wrong meant I couldn't get past the first video. The Chinese are demonstrating planned economy with tight state control can work.

neil · Nov 12, 2012

BeginnerJoe said:
What gave you that idea ?

But I think the guy in the video got it wrong about China. The Chinese have 'no' freedom, yet they will have the biggest economy in the world. Having that wrong meant I couldn't get past the first video. The Chinese are demonstrating planned economy with tight state control can work.

The guy got it wrong?
So-what is the correct answer (with proof)

counter_violent · Nov 12, 2012

neil said:
Excellent video, especially the "lowering inflation video" and the comments relating to inflation and the German experience.

Agreed, and look where the Germans are now, being asked/forced to bail out all of the rest of the feckless Europeans. No wonder that the Germans are very wary of the whole mess, they lived through it previously and some can probably still remember. (they will probably be dismissed as bitters)

Friedman is also right about how people never look back and learn from history.

Armory · Nov 13, 2012

Interesting

LiboNZT · Nov 13, 2012

Friedman is decent. Nothing more, nothing less. If he was alive today he would scrap half of his theories after the 2007 sub-prime crisis and that is a fact. The free market economy is not the perfect economic model and without state supervision the markets would NOT do their job effectively and might aswell create even larger problems. As for Germany my opinion is that they are obliged to bailout the rest of Europe since the ECB ( aka Bundesbank) is playing by Germany's rules. Let the ECB print more money and actively pursue greater economic intergration or bailout Europe and hope that the Germans can do that for the next 2-3 years.

SlowlyButSurely · Nov 26, 2012

I wouldn't be surprised if ze germans have printed a bunch of deutsche mark already, and are only staying with the Euro as it benefits their exports greatly as things stand

Lacanau · Nov 30, 2012

counter_violent said:
These vids deserve a thread of their own and are particularly relevant in our time.
The programmes were made in 1980.

A nice find man thank you

SlowlyButSurely · Dec 5, 2012

Quants: The Alchemists of Wall Street (Marije Meerman, VPRO Backlight 2010) - YouTube

An interesting video documenting thoughts from famous Quants

new_trader · Dec 11, 2012

BeginnerJoe said:
What gave you that idea ?

But I think the guy in the video got it wrong about China. The Chinese have 'no' freedom, yet they will have the biggest economy in the world. Having that wrong meant I couldn't get past the first video. The Chinese are demonstrating planned economy with tight state control can work.

Don't confuse Political Freedom with Economic freedom. China is moving more and more towards Capitalism as the The USA and the U.K move more and more towards Socialism.

NVP · Dec 11, 2012

Good thread ............well done for the video finds

N

Genius at Work.

counter_violent

Legendary member

neil

Legendary member

pboyles

Legendary member

BeginnerJoe

Senior member

neil

Legendary member

counter_violent

Legendary member

Armory

Junior member

LiboNZT

Junior member

SlowlyButSurely

Well-known member

Lacanau

Junior member

SlowlyButSurely

Well-known member

new_trader

Legendary member

NVP

Guest Author

Similar threads