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Investments > Investing Science > Re: Friedman's ...
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Re: Friedman's Folly

by Video61@[EMAIL PROTECTED] May 14, 2008 at 09:09 PM

On May 14, 8:48 pm, "John Galt" <whoisjohng...@[EMAIL PROTECTED]
> wrote:
> "Harold Burton" <hal.i.bur...@[EMAIL PROTECTED]
> wrote in message
>
> news:hal.i.burton-B2640D.21395514052008@[EMAIL PROTECTED]
>
>
>
> > In article
> > <88ec7336-1eba-4980-9600-28c2a4d6e...@[EMAIL PROTECTED]
>,
> > Bret Cahill <BretCah...@[EMAIL PROTECTED]
> wrote:
>
> >> Friedman was an issue dodger just like all the remaining ****lls at
GOP
> >> "thank" tanks like Hoover, Heritage, Am. Enterprise, the Chicago
> >> School, etc.
>
> >> Friedman would never address the land issues raised by the Georgists
> >> and he'ld never touch the "free markets w/o free speech" issue
either.
>
> >> When you dodge issues that are fundamental to your field you are a
> >> fraud.
>
> > Care for some cheese with that whine?
>
> > Yeah, and let us know when you win a Nobel Prize.
>
> It's also a classic straw man. "I'll decide what issues should be
> fundamental to 'your field', so I can criticize you when you don't
address
> them."
>
>
>
> > Love the sound of leftards whining.
>
> Well, there are plenty (a substantive majority, even) who are free
marketers
> and have no quarrel with Friedman. The head of Obama's economic team is
from
> U of Chicago.
>
> That said, there are indeed those who exist on the political fringe that
> have no idea how intertwined human behavior is with economic needs, and
are
> thus doomed to criticze men like Friedman ad infinitum (and for the rest
of
> us, ad nauseum) based on some Cliff Notes they read about him on some
fringe
> socialist/communist/anarchist site.
>
> JG

 he never had one success. but, he had lots of disasters. of course,
you are a chanter, reality is not one of your stronger suits:)

There is  a great deal of psychological comfort to be found in a fully
fledged ideology such as laissez faire  because it removes the need
for
critical thought.  The ideology is used as an algorithm. All the
individual has to do in any situation is to ask what the ideology
requires by way of action. The fact that the action may be harmful or
the ideology objectively  at odds with reality is emotionally
unim****tant for the individual. What matters is that an answer has
been
found which is compatible with the ideology.  This is especially
appealing  to the less intellectually curious.

 Psychologically, political ideologies are akin to religion and their
practitioners behave in an essentially religious manner.  For example,
in the case of laissez faire, its disciples  chant "let the market
decide" in the manner of Christians saying "God will provide."

 Those amongst the elite who are not true believers in laissez faire
will,  in most cases,  toe the ideological line because they deem it
prudent to do so for their own careers  and security.  The few who
speak
out against it are simply sidelined.
ROBERT HENDERSON
 




 1 Posts in Topic:
Re: Friedman's Folly
Video61@[EMAIL PROTECTED]  2008-05-14 21:09:29 

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tan12V112 Thu Aug 21 17:23:21 CDT 2008.