Essential Milton Friedman: Who was Milton Friedman

Milton Friedman was an American economist who, despite his humble origins, rose to become one of the most influential economists of the 20th century. A Nobel Laureate, Friedman revolutionized the way economists think about consumption, money, stabilization policy and unemployment. Watch this video to learn more about Friedman's life and work.

[hockley]

Growing up in the 80's and 90's I never heard of him AT ALL (or Thomas Sowell). Never saw him on TV, never saw an AD, never heard of him in any economics class in high school or college. It wasn't until around 2008-2010 that I accidentally came across his appearance on Donahue. He explained how the world and our country works in a way that totally made sense finally. I had notions and ideas, read a lot, but still no firm grasp to support my viewpoint. He changed my entire outlook on this country and his ideas are positive and creates a path for success for everyone in this amazing country we live in. It does not guarantee success by any means, but offers the best opportunity to succeed as an individual in this country through life, liberty, freedom, consensual transactions, and limited government intervention.

[DeadAbeVigoda]

I notice that all the negativity directed toward Friedman in the comments is in the form of labels, not arguments.

[anubis]

makes you wish he was around today to discuss current politics

[DiegoMonroyF]

Great man and great thinker. Although some of his views and principles would be hard to execute in the current world, they're still an excellent compass on knowing when government intervention is getting out of hand. I wish he would still be alive today :(

[buckfan]

I was an Econ major 50 years ago. In those days Friedman was treated as a pariah by the professors at my school. They all worshipped Keynes, Galbraith, and Samuelson back then. The past 50 years have proven Friedman to have been right all along.

[cannontaylor]

He was a good man. I love listening to him!

[isaacgraham]

Just finished Capitalism and Freedom, great book.

[xxczerxx]

If Friedman were up and coming today, isn't it likely he wouldn't have had a platform to teach? There's no way what he taught would get published in academic journals today, nor would he be allowed to teach at the ivy league universities.

[SurfbyShootin]

He was a very inspiring Jewish intellectual. 📈❤️

[nealthompson]

I wish more people that claimed to identify with the teachings of this dude would read what he wrote. Capitalism and Freedom is a wonderful book that I recommend to all.

[verusnemeth]

Thank you for the great video! I also read the book! It help a lot to understand Friedman's theories. :) I do not know how important it is, actually on a scientific side it is not, but his parents lived in Beregszasz, which was a part of Hungary until the end of WWI. Now Beregszasz is part of Ukraine.

[ghirardellichocolate]

Peet's Coffee, makes it available worldwide. I am dual citizen who started drinking coffee from the age of 15 to stay up and actually finish my books, so this was a WOW for me. Highly Recommended. I wish I had it earlier. Anyways, the energizer. The rest was Phillips 45 something bucks toothbrush. I don't think they ever saved on this. #Growing Tall

[kartikthefriend]

Peter Schiff, Ron Paul, lenette zang, George gammon, Robert kiyosaki and last but not the least, Mike Maloney thank you.

[mrmeerkat]

He was part of the inspiration for the satire of the corporate world in Robocop.

[adina]

This is what happens when you raise an Eastern European child in a free country.

[timmapping]

In Poland we have Polish milton friedman, but he gets in, , democracy " from 2-4%, but to get into the parlament you must have 5%. 2019 in parlament election he must to coalition with non-Libertarian party. But in success he get 6.81% and 5 parlament Members.
He's name Janusz Korwin Mikke. You can listen him in English beacuse he was in EU Parlament

[joemahony]

Friedman helped end the draft, he tried to live his ideas.

[Brian-eyqs]

Get rid of the draft to keep the rich kids safe, what a hero.

[zsocamestervagyokhaha]

Remélem a következő generációs magyarokra ragad valami az ő tudásából

[uhlijohn]

I have a very soft spot in my heart for Milton but his views, as often pointed out by David Stockman, were often flawed. He had no use for a gold standard paving the way for unlimited money printing being run by a "wise" central bank. That did not happen. It has been a total failure.