Milton Friedman provides a direct and to-the-point defense of capitalism and free trade. He explains how governmental regulations, no matter how well-intended, are inevitably infiltrated by business interests which use governmental power to stifle competition. He also explains the economics of why drug prohibition doesn't work to control drugs.
Milton Friedman on Donahue 1980 (2/5)
Posted by admin on December 24th, 2010
Posted in Depression Videos 
@rmccay88 It would seem that Woods knows how to write a book! I'm looking for Meltdown, 33 questions, as well as others & I'm watching speeches that he makes. That's cool that you have the opportunity to visit Mises, I'm glad for you. Unfortunately, New England is not so accommodating to those conditions. Pop culture does seem to hold the public interest more than politics relative to the situation. I bet polls would suggest that Lohan's arrests seem more interesting than Dodd or Franks exploits
@Goodatconnect4
Yeah I couldn't agree more about the amount of viewers part. It's sad how Lady Gaga videos gets ten million hits, but jack shit views for some of the greatest minds that ever walked this planet. Yeah, Woods is actually the least I know about between those four that I named, I need to watch more of him because he works at the Mises Institute not to far from where I live in Alabama. They have great Libertarians and Austrian economists speak there often!
@rmccay88 Schiff's cool, but he congratulates himself a little too much on his radio show for my taste. Still, I was disappointed when he didn't get nominated in the GOP primary.
@rmccay88 It's a shame that videos like these get so few views that I can return to your comment two weeks later and you're still the last to comment. I looked up Woods (never heard of him) and man he's one helluva speaker! He's able to engage high school kids with this stuff and even make them laugh. Napolitano, Paul are good as well I know who they are.
@Goodatconnect4
Judge Napolitano, Ron Paul, Peter Schiff and Thomas Woods are four others.
@noooddle At least he takes it like a man. That earns him some respect from me.
I remember watching Donahue. He confused good diction with intellect. Whomever he interviewed, Noble Prize winner or teen idol of the day always kicked his ass all over the tube. And he always looked confused. Well, Phil you sounded great; you really did. That does not mean there was ever any content to what was happening inside that sad little cranium. The guy was just stupid.
I remember watching Donahue. He confused good diction with intellect. Whomever he interviewed, Noble Prize winner or teen idol of the day always kicked his ass all over the tube. And he always looked confused. Well, Phil you sounded great; you really did. That does not mean there was ever any content to what was happening inside that sad little cranium
PanAM had HUGE government support at this time btw, both in subsidies and restricting of barriers to entry.
@rakuck I'm not familiar with him, but I'll get back to you.
@Goodatconnect4 Thomas Sowell is not bad
This man's like an encyclopedia. I wish we had someone who could hold a candle to Milton Friedman.
when the liberals here counter they do not counter friedman.... they use this fog tactic ... why is friedman not debating another economist...... not much of a counter...why not apply what they've "learned" from their brilliant economists? mmhhmm
buy foreign cars like toyota that for the vast majority of time has had ledendary endurance.
liberals always forgo the reality of net balance when they chase ambulances.....symptoms.
then do not fly first class.
@TheTrueLiberal Propaganda technique makes Friedman look smart! Let's keep searching. Thanx.
@SIMKINETICS
"Where is a debate with a brilliant economist with opposing views"
I agree SIMKINETICS. I can't figure out why this video, entitled "Milton Friedman on Donahue," consists of Milton Friedman being interviewed Donahue and not Milton Friedman debating another economist! I've been told videos of these debates exist, but until someone invents a way to search for other videos, we'll be stuck watching this. Keep your fingers crossed!
Speaking of frontmen, who was Friedman a frontman for? Donahue was certainly not up to the task of interviewing him competently, intellectually overchallenged. Where is a debate with a brilliant economist with opposing views; one where Friedman's flawed purist ideas are torn apart. If viewers worship him, they should ask why the financial system, a monopoly, was bailed out, caused an economic catastrophy, flatlined wages, caused 19%+ unemployment, allowed huge bonuses & rampant fraud...
@chansetwo Deregulation of the financial system? The regulations set up by the government gave us the current crisis.
Genius!!!! I love this guy!!!!! Wow!!!
I worked in the trucking industry during my teens, and I have to say.. deregulation was the best thing that ever happened. I've read argument and argument about how it didn't work and the flaws, and I can't wrap my head around what these people must be thinking? The prices are cheaper, there's more competition, we got the union carriers out of the way who were being unfairly advantaged.. most of them are out of business due to bad business models.
@Andybaby No, he was not...
Anybody interested in this should watch Donahue's interview with Ayn Rand. Concerning economics he more or less asks the same questions and it's pretty interesting to note the similarities between their responses.
This is a fascinating process: Donahue asks Friedman a question, presuming an answer one way or another; Friedman confounds him every time, and a fuse pops somewhere in Donahue's head. And then Friedman smiles.