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

by "John Galt" <whoisjohngalt@[EMAIL PROTECTED] > May 15, 2008 at 11:23 PM

"The Trucker" <mikcob@[EMAIL PROTECTED]
> wrote in message 
news:pan.2008.05.15.14.56.16.801976@[EMAIL PROTECTED]
> On Wed, 14 May 2008 21:23:56 -0700, orangatang1 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?
>
> My own version of a successful economy is an economy in which
> general quality of life is continually rising.  The GDP says just about
> nothing in this regard.

Good observation.

Is there *any* metric which actually measures real quality of life (which
I 
would define as a LOCAL equation, mean income after tax less mean (average

food + average rent + average utilities + average anything else which has
to 
happen monthly) necessities?

JG

>
> -- 
> "I know no safe depository of the ultimate powers
> of society but the people themselves; and
> if we think them not enlightened enough to
> exercise their control with a wholesome
> discretion, the remedy is not to take it from
> them, but to inform their discretion by
> education." - Thomas Jefferson
> http://GreaterVoice.org/extend
>
 




 50 Posts in Topic:
Re: Friedman's Folly
orangatang1@[EMAIL PROTEC  2008-05-14 21:23:56 
Re: Friedman's Folly
"Mark M." <m  2008-05-15 07:58:40 
Re: Friedman's Folly
The Trucker <mikcob@[E  2008-05-15 07:56:18 
Re: Friedman's Folly
"John Galt" <  2008-05-15 23:23:30 
Re: Friedman's Folly
The Trucker <mikcob@[E  2008-05-15 11:46:32 
Re: Friedman's Folly
Les Cargill <lcargill@  2008-05-15 19:23:44 
Re: Friedman's Folly
The Trucker <mikcob@[E  2008-05-15 18:41:47 
Re: Friedman's Folly
Les Cargill <lcargill@  2008-05-16 01:15:06 
Re: Friedman's Folly
"John Galt" <  2008-05-16 11:16:39 
Re: Friedman's Folly
"John Galt" <  2008-05-16 06:49:11 
Re: Friedman's Folly
The Trucker <mikcob@[E  2008-05-15 19:04:53 
Re: Friedman's Folly
"John Galt" <  2008-05-16 07:58:05 
Re: Friedman's Folly
The Trucker <mikcob@[E  2008-05-15 21:45:03 
Re: Friedman's Folly
"John Galt" <  2008-05-16 11:02:33 
Re: Friedman's Folly
"Clave" <Cla  2008-05-15 22:53:35 
Re: Friedman's Folly
"John Galt" <  2008-05-16 12:58:36 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-15 22:59:16 
Re: Friedman's Folly
"John Galt" <  2008-05-16 13:04:11 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 08:10:11 
Re: Friedman's Folly
"John Galt" <  2008-05-16 21:33:11 
Re: Friedman's Folly
"Clave" <Cla  2008-05-16 18:33:58 
Re: Friedman's Folly
"John Galt" <  2008-05-17 07:34:20 
Re: Friedman's Folly
"Clave" <Cla  2008-05-16 20:40:01 
Re: Friedman's Folly
"John Galt" <  2008-05-17 09:28:22 
Re: Friedman's Folly
"Clave" <Cla  2008-05-16 21:19:39 
Re: Friedman's Folly
"John Galt" <  2008-05-17 11:17:54 
Re: Friedman's Folly
"Clave" <Cla  2008-05-16 23:11:41 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 08:14:07 
Re: Friedman's Folly
"John Galt" <  2008-05-16 21:39:06 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 11:51:12 
Re: Friedman's Folly
"John Galt" <  2008-05-17 00:27:59 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 11:53:31 
Re: Friedman's Folly
"John Galt" <  2008-05-17 00:33:29 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 12:27:59 
Re: Friedman's Folly
"Mark M." <m  2008-05-16 14:58:28 
Re: Friedman's Folly
Les Cargill <lcargill@  2008-05-16 19:41:05 
Re: Friedman's Folly
"John Galt" <  2008-05-17 06:50:50 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 22:16:01 
Re: Friedman's Folly
Les Cargill <lcargill@  2008-05-16 19:38:51 
Re: Friedman's Folly
Les Cargill <lcargill@  2008-05-16 19:35:46 
Re: Friedman's Folly
"John Galt" <  2008-05-17 06:52:58 
Re: Friedman's Folly
Les Cargill <lcargill@  2008-05-15 19:17:09 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-15 18:43:45 
Re: Friedman's Folly
Day Brown <daybrown@[E  2008-05-18 12:55:16 
Re: Friedman's Folly
The Trucker <mikcob@[E  2008-05-18 11:08:23 
Re: Friedman's Folly
Video61@[EMAIL PROTECTED]  2008-05-16 09:07:57 
Re: Friedman's Folly
retrogrouch@[EMAIL PROTEC  2008-05-16 11:42:38 
Re: Friedman's Folly
sbm2006@[EMAIL PROTECTED]  2008-05-16 17:09:16 
Re: Friedman's Folly
"John Galt" <  2008-05-17 06:54:35 
Re: Friedman's Folly
sbm2006@[EMAIL PROTECTED]  2008-05-17 12:41:56 

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tan12V112 Sun Nov 23 4:21:41 CST 2008.