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Archive for the tag “Milton Friedman”

Milton Friedman Vs. DOGE

With the Department of Government Efficiency (DOGE), headed by Elon Musk and Vivek Ramaswamy, given the green light to reduce spending in government agencies, Carl Jackson harkens back to the late-great economic genius Milton Friedman, who also espoused the same ideas.

In this interview decades ago with The Salem News Channel, Friedman advocates for the removal of many government agencies. Here’s the interview.

Escaping Antifa

Gabriel Nadales was an angry, bitter and unhappy young man—the perfect recruit for Antifa, the violent left-wing group which claims to fight against fascism. He says his beef was against the greedy, heartless power structure that didn’t care about him or society’s innocent victims and which had robbed, beaten and stolen from his ancestors.

Nadales explains that Antifa stands for antifascist, but the name is purposely deceptive. It is calibrated so that anyone who dares to criticize the group or its tactics can in turn can be labeled fascist. Their mantra: to blast the establishment, taunt police and destroy property.

But something powerful clicked within Nadales. He says, “Joining Antifa was the worst decision of my life.” So how did he escape? He says he encountered something good, friends who pointed him to the logic of Milton Friedman, Thomas Sowell and Ben Shapiro. “What they said just made sense and offered me a better way to live.” He added that Antifa  just cared about control and only offered him more anger and bitterness. Here’s the rest of Nadales’ story on PragerU.

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Social Media Purge Backfires

Dave Rubin of The Rubin Report talks to Patrick Byrne, entrepreneur and former Overstock CEO, about the social media purge, social media censorship, the false history of fascism, and what we can learn from China. Patrick details how he founded Overstock.com and the importance of freedom of speech. He shares how the social media ban affecting conservatives and the Big Tech banning Trump from virtually all social media platforms will only create a demand for more alternatives like Locals.

He shares why he thinks Section 230 should be repealed. He also shares how Milton Friedman convinced him to become an advocate for school choice and why so many people have a poor knowledge of history. Patrick explains the leftist roots of fascism and socialism, as well as what China does right that America could learn from.

Printing Money Doesn’t Work

Wreckless spending and the onset of the coronavirus pandemic have plunged the globe into $250 trillion in debt. Problem is, there is only about $50 trillion in coins and currency. And, the United States is taking on more debt during the crisis than any other country. So, what gives?

Economist Danielle DiMartino Booth says, “We’re being told that it’s all going to be fine, because you can just have the Federal Reserve finance all debt that’s being taken on.” But the consequences could be devastating. “I always adhere to (Milton Friedman’s) philosophy that there’s no such thing as a free lunch,” she says. “You can buy time. God knows we’ve seen a lot of time purchased but not paid for. So, yes, I think there will be ramifications.” Tune in to Valuetainment with Patrick Bet-David and Booth for more.

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The Genius of Milton Friedman

In perhaps one of his most brash pronouncements, the late, great Milton Friedman explodes the myth that the Great Depression was caused by the failure of private enterprise. Speaking at a banking conference, Friedman asserts that the view blaming the private sector for the biggest economic catastrophe in our nation’s history was held not only by those who supported a greater role by government, but by everybody.

“The Great Depression was produced by a failure of government, by a failure of monetary policy” says Friedman, former economic advisor to President Reagan and a past Nobel Memorial Prize winner. “It was produced by the failure of the Federal Reserve system to act in accordance with the intentions of those who established it.” Tune in to hear Friedman flesh out his theory in this edition of LibertyPen.

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