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Video: Milton Friedman - Socialized Medicine
YouTube ^ | 1978 | Milton Friedman

Posted on 08/19/2009 11:05:54 PM PDT by dajeeps

Nobel Laureate Economist Milton Friedman explores the unsettling dynamics set into motion when government imposes itself into the health care system. Speech given at the Mayo Clinic -- 1978

(Excerpt) Read more at youtube.com ...


TOPICS: Business/Economy; Health/Medicine
KEYWORDS: friedman; healthcare; liberty; miltonfriedman; obamacare

1 posted on 08/19/2009 11:05:54 PM PDT by dajeeps
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To: dajeeps

bookmark


2 posted on 08/19/2009 11:08:26 PM PDT by GOP Poet
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To: dajeeps
I read his book "Free to Choose" while I was In High School. I remember thinking how clear it made the whole subject compared the to the amorphous mess they peddled in class.

Milton's views on Inflation were especially good . Ronald Reagan , not yet president, had his endorsement in the book.

It was because of this I knew Inflation, which the MSM typically painted as an incurable problem, would be solved by Reagan after after he won.

(This trust failed me with Schwarzenegger. He praised Friedman before he was elected only to become an economic girly man after the election)

3 posted on 08/20/2009 2:21:15 AM PDT by Nateman (If liberals aren't screaming you're doing it wrong.)
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To: dajeeps

Briliant.


4 posted on 09/13/2009 4:32:59 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: bamahead

ping


5 posted on 09/13/2009 4:42:48 PM PDT by murphE ("It is terrible to contemplate how few politicians are hanged." - GK Chesterton)
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To: murphE; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; ...
Milton was a genius.



Libertarian ping! Click here to get added or here to be removed or post a message here!
(View past Libertarian pings here)
6 posted on 09/13/2009 9:19:53 PM PDT by bamahead (Avoid self-righteousness like the devil- nothing is so self-blinding. -- B.H. Liddell Hart)
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To: murphE

Thanks much!


7 posted on 09/13/2009 9:20:51 PM PDT by bamahead (Avoid self-righteousness like the devil- nothing is so self-blinding. -- B.H. Liddell Hart)
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To: dajeeps

bump TTT


8 posted on 09/14/2009 3:53:11 AM PDT by paulycy (Screw the RACErs.)
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To: dajeeps

Astonishing insight, once socialized medicine has been established, there are no further votes to garner by establishing it a second or third time, and the motive, aside from bureaucratic motives becomes containing costs, as Limbaugh notes.


9 posted on 09/14/2009 5:29:33 AM PDT by wendy1946
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To: dajeeps

BFL


10 posted on 09/14/2009 10:53:28 AM PDT by zeugma (Will it be nukes or aliens? Time will tell.)
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To: bamahead

He made abstract concepts understandable.


11 posted on 09/15/2009 5:22:24 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: dajeeps
Photobucket

"There are four ways in which you can spend money.
1. You spend your own money on yourself - You shop in a supermarket, for example. You clearly have a strong incentive both to economize and to get as much value as you can for each dollar you do spend.
2. You spend your own money on someone else - You shop for Christmas or birthday presents. You have the same incentive to economize as in the first case but not the same incentive to get full value for your money, at least as judged by the tastes of the recipient. You will, of course, want to get something the recipient will like—provided that it also makes the right impression and does not take too much time and effort. (If, indeed, your main objective were to enable the recipient to get as much value as possible per dollar, you would give him cash
3. You spend someone else's money on yourself - lunching on an expense account, for instance. You have no strong incentive to keep down the cost of the lunch, but you do have a strong incentive to get your money's worth.
4. You spend someone else's money on someone else - You are paying for someone else's lunch out of an expense account. You have little incentive either to economize or to try to get your guest the lunch that he will value most highly. However, if you are having lunch with him, so that the lunch is a mixture of case 3 and case 4, you do have a strong incentive to satisfy your own tastes at the sacrifice of his, if necessary.
All welfare programs fall into either case 3—for example, Social Security which involves cash payments that the recipient is free to spend as he may wish; or case 4—for example, public housing; except that even case 4 programs share one feature of case 3, namely, that the bureaucrats administering the program partake of the lunch; and all case 3 programs have bureaucrats among their recipients."

---Milton Friedman, "Free To Choose"

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How to Cure Health Care; By Milton Friedman

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Readers Digest Version for liberal bloggers and White House and Congressional radical Socialists who claim Conservatives and Libertarians don't have a plan. We have one, you just don't like the idea that you wouldn't control it.

1. Repeal the tax exemption for employer provided medical care.
2. Terminate Medicare and Medicaid
3. Provide every American citizen with catastrophic insurance. Major medical with a high deductible.
4. Increase the use of tax free Medical Savings Accounts.
5. Deregulate insurance so that consumers can shop for a la carte coverage across State lines.

12 posted on 09/15/2009 5:24:25 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: Eric Blair 2084

If anyone is interested in the “Free to Choose” video series it’s posted here:

http://www.ideachannel.tv/


13 posted on 09/15/2009 5:36:17 PM PDT by dajeeps
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To: dajeeps

Thanks. Must watch TV.


14 posted on 09/15/2009 5:39:29 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: Eric Blair 2084

5 simple steps to true health care reform. I love it. It won’t happen peaceably. Freedom never does.


15 posted on 09/15/2009 5:46:27 PM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: The Comedian

As Mark Levin says in his book, this is just a “soft tyranny”. Not quite time for outright rebellion.


16 posted on 09/15/2009 6:00:15 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: dajeeps

BOOKMARK!


17 posted on 09/17/2009 7:55:23 AM PDT by mainestategop (MAINE: The way communism should be)
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