You gotta love a liberal who resists following the rules they decry for everybody else. Liberal California passed a minimum wage law that requires businesses to raise the minimum wage to $10.50 starting January 1, 2017. You may be surprised to learn that big leftist and former president of the Screen Actor’s Guild, Ed Assner (yes I know that it’s misspelled) did not support minimum wage…for theatre companies. In fact, Mr. Assner filed a lawsuit seeking relief from the new minimum wage law for his industry.
Posts Tagged ‘milton friedman’
America is equal opportunity not equal outcomes…
“The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.” The desire to have more, to have what those who are better off have, is a powerful emotion. Friedman points out that the most governments can do is provide all citizens with equal opportunity to use their time and abilities as they best see fit, in pursuit of a better life. Introduced by Steve Allen. Discussion with Thomas Sowell, Hoover Institution and Michael Kinsley, New Republic.”
Milton Friedman discusses economic behavior as it relates to “moral” or “immoral” laws.
This is the first of many clips where Milton Friedman schools a true “do gooder,” Phil Donohoe.
You can substitute “free phone,” “free heath care,” “free school” for the “free lunch” in the video of Milton Friedman.
Perhaps the BEST Milton Friedman clip…EVER!
I’ve watched this clip perhaps sixty times and it still makes me smile.
Milton Friedman is one of my favorite economics. He is brilliant, but most importantly he has a way of explaining things in a very simple way. Why his lectures, widely available on YouTube, are not shown in every school is a mystery to me. Here he discussed the magic of the pencil
This video was a take on the famous book(let) by Leonard Read titled I, Pencil.
Actually according to economist Milton Friedman a lot of people wished for silver and gold as a monetary standard (bimetallism), but the gold standard was slowly and steadily adopted by the world. That is before “fiat” money (currency not backed by a commodity like gold or silver) became the rage and allowing governments to crank up the presses. These are my words not Friedman’s.
I love Milton Freidman. Economics can be rather dry so when I came across a series of videos of Friedman on common economic subjects I first enjoyed them and decided to share them with you. In one of these videos, Mr. Friedman compares a myth to an air mattress, full of nothing, but comfortable, and jarring when deflated.
The first is one that I posted a couple of years ago during features Friedman in an interview with Phil Donohue:
This one is about the myth of The Free Lunch or how taxes on corporations are really taxes on people:
I have read the works of many great economists and the better ones have the innate ability to frame complex economic theories into words and images that are easily understandable. On the other hand (a favorite economist phrase) perhaps all other economists make easy theories sound complicated. Either way a favorite of mine is Milton Friedman. Mr. Friedman has a quality that makes economics simple, practical, perhaps even fun. Yes I said fun.
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