Charlie Rose Science Series
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The Dark Side: The Inside Story of How The War on Terror Turned into a War on American Ideals
by Jane Mayer
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by Jane Mayer
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12/26/2005
Milton Friedman
An hour with Nobel Prize-winning economist Milton Friedman
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An hour conversation with Nobel Prize-winning economist Milton Friedman about his life, his contributions to economics, the Republican Party and his view on the direction of the United States and the world.
DVD
Charlie Rose DVDs on Amazon.
Charlie Rose DVDs on Amazon.
Audio
Audio available through Audible.com.
Audio available through Audible.com.
Transcripts
Transcripts available through Voxant.
Transcripts available through Voxant.
What nonsense you people have written. That such mediocre minds dare place a comment about such a brilliant mind. It is odious.
40+ years of drift away from Keynesian theory to Friedman's self-adjusting laisse faire have brought American domestic fiscal and social realities to exactly where, if viewed with bare attention, they are in relation to societies which place greater value on human capital; a self perpetuating oligarchy ruling a two class system with a grossly inflated military-industrial complex and diminishing investment in human infrastructure and egalitarianism. Friedman's theories contribute little intellectually or analytically to the understanding of GDP trends other than reporting raw transferences of capital in a classic dualistic mentality of 'good vs bad' for the private sector. An example of this is a decade of disinterest for an increase in minimum wage, as the cost of living increased over 25% during the same period. Poverty? Violence? Premature mortality/morbidity? Income inequality? Not factors in Friedman economics....
I think the free market has nothing to do with a free political or democratic system. How can Friedman assume that the markets will take care of all our interests? Its irresponsible, and in a global context immoral. I'm frightened that his ideas may yet be fully realized.
Milton just dismisses income inequality. There is just no problem. These economists are theorists. They have no grasp of the common person's life. According to Friedmen, Europe, and Canada should be bankrupt, but they are not. His analysis on the effect of his economic model on regular people is incorrect. His prediction that the dollar would be strong is shattered. When the US needs more government intervention (ie universal healthcare), he is advocating against it.