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

by Video61@[EMAIL PROTECTED] May 15, 2008 at 07:12 AM

On May 15, 7:58 am, "Mark M." <ma...@[EMAIL PROTECTED]
> wrote:
> orangata...@[EMAIL PROTECTED]
 wrote:
> > On 15 May, 05:09, Vide...@[EMAIL PROTECTED]
 wrote:
>
> >>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- Hide quoted text -
>
> >>- Show quoted text -
>
> > Instead of attacking Dr Friedman's reputation why not share your
> > vision of a successful economy?
>
> It's im****tant to understand the history of the Chicago School and the
> Austrian School.  It all traces back to the reaction of the
international
> bankers to Lincoln's Greenback monetary experiment during the civil war.
> It took a few years, but the bankers managed to construct a
comprehensive
> PR campaign that took in hiring and firing of college professors, buying
> newspapers, influencing the newspapers they didn't own, distributing
> pamphlets, and of course purchasing politicians.  The bankers set up
their
> own Monetary Commission outside of government, which wrote the Gold
> Standard Act of 1900.
>
> They didn't stop there.  The bankers and their hirelings kept pu****ng
and
> produced the Federal Reserve Act of 1913.  Their organized efforts have
> continued to this day.  They fund and control both conservative and
liberal
> groups.  To them ideology is just a tool.  There are true believers in
> libertarianism but they are tools of the money masters.  There are
liberal
> non profit foundation people who believe in what they are doing and
don't
> know they are tools of the money masters.  Both political parties are
the
> property of the bankers.
>
> There is a huge intellectual prostitute class that was created back in
the
> late 1800's that operates on the free market principal.  Instead of
waiting
> to be hired by wealthy owners, they start up think tanks on their own.
> They identify what issues will benefit the wealthy at the expense of
> working people.  They create a propaganda organization to promote these
> goals and then market the think tank to the rich by requesting
donations.
>
> The wealthy don't have to bother personally looking into which political
> issues to fund any more than they have to personally learn how to handle
> their tax returns.
>
> Mark M.

 very well put. all fascism is, is libertarianism in decay.
 




 1 Posts in Topic:
Re: Friedman's Folly
Video61@[EMAIL PROTECTED]  2008-05-15 07:12:07 

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