Milton Friedman - The Folly of Price Controls

[trublgrl]

It is kind of a curse to have found Professor Friedman in my teens and then lived decades in a world that rejects his simple, sound, wisdom.

[gankfrombush]

How do the democrats just eat up the price control nonsense? High prices don't cause inflation. Inflation causes high prices.

[isaacj]

Isn't this the very thing Kamala Harris is threatening to do when she's elected?

[Focusembedded]

The funny part is that in the late 1970's, as a junior high school student, I had a history teacher explain the genius of Diocletian and how he saved Rome with price controls. My father worked as an economist, and I got economics presented to me at the dinner table since I was old enough to be out of a high chair. So I told my history teacher she had it backwards. And I learned pretty quickly what the NEA was doing to indoctrinate young minds and destroy education in the US.

[CountryBoyShane]

Simply one of the most brilliant men to walk the earth. We need men like him today!

[libertylady]

Always good to hear Milton Freidman. Thanks for the clip. I will never forget the clip of him on the Phil Donahue show asking where he was going to find the Saints to run socialism properly.

[Tobico]

Milton Friedman was AND REMAINS a treasure to this country and by extension the world. Thank you for being such a fine teacher, Mr. Friedman.

[andys]

The fact that Kamala Harris is putting out this idea as an economic plan and people are cheering it on is frightening.

[freesk]

Milton Friedman was wonderful! Where Ayn Rand defended free markets using moral arguments, Milton Friedman uses practical arguments. Free markets are both moral and efficacious. Both strategies are needed.

[daletaliaferro]

He is so good. He makes it simple to understand and very clear.

[jeremykraenzlein]

"Learn from the mistakes of others, for you cannot possibly live long enough to make them all yourself". If only we could get our government leaders to follow this advice...

[SuperSneakySteve]

These re-uploads are very timely. Kamala just announced her price control measures to fight price gouging, whatever that is.

[michaelgomez]

Every liberal in America should listen to this

[jerryemt]

IT is one thing to be brilliant; it is another to explain your brilliance in an understandable and logical manner.

[alexandershephard]

I wish Milton was taught in every school across the world.

[cx]

How to make thinks worse? Let government control it.

[jamaaldaynitelong]

They didn't listen then, they won't listen now😔

[vivarc]

I just heard a lecture explaining that the reason why capitalism isn’t as popular today as it should is because no one made it very sexy. To me, Milton Friedman was so on point with economics that it would be impossible not to draw more interest from intellectuals. How do we make Milton Friedmans ideas and rational appealing today?

[deancitroni]

Becoming our master and not the servant!
Pretty much sums it up.
It's great when someone can put precise words to how you perceive and think

[SmartFirstPrincipleThinking]

We need these great minds more than ever