To: 1rudeboy
One of the great mistakes is to judge policies and programs by their intentions rather than their results. ― Milton Friedman
After 50 years of lowered tariffs and free trade the results are ...
- We now have 100 million Americans on food stamps.
- We offshored countless American industries.
- We have huge trade good deficits.
- We are deep in government dept.
- We've had record unemployment 24% according to shadow stats.com.
- The ratio of working age employed has fallen to record lows.
- Many of the working are underemployed, working at part time jobs with little or no benefits.
- Real wages have stagnated.
- The American dream of home ownership has become a nightmare.
- China is using the proceeds from our huge trade deficit with them to buy our equities.
- More people are dependent on government than ever before.
Look at the results, indeed. It's time to bring some common sense back to Friedman's trade policies.
3 posted on
04/29/2014 9:48:04 AM PDT by
DannyTN
To: DannyTN
Kinda' wish Friedman was still around to respond to your post hoc ergo propter hoc fallacies.
4 posted on
04/29/2014 9:49:57 AM PDT by
1rudeboy
To: DannyTN
“Business” academia in the US supports globalism, and is set up to perpetually promote it.
University of Chicago, Friedman’s “home base”, was founded and endowed by the Rockefellers.
5 posted on
04/29/2014 9:55:52 AM PDT by
PieterCasparzen
(We have to fix things ourselves)
To: DannyTN
Last year, I got around to YouTube’s collection of Milton Friedman videos.....and I have to admit that he is the smartest economics guy that I’ve ever come across. In three minutes....he could take the most intense topic and convert it into simplified language that made sense.
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