Posted on 03/10/2019 6:59:53 PM PDT by Osage Orange
This series is REALLY good stuff ( I think there’s at least one other Friedman/Donahue). Donahue actually seemed to listen as Friedman basically stopped him in his Leftist tracks. Score one for Donahue who was actually willing to question his own flawed assumptions.
Wish we had a million Milton Friedman’s today.
Friedman was a voice for the virtues and desirability of freedom crying in the wilderness of today’s popular culture which understands little if anything about freedom and the virtues and great benefits of the Free Market Economy.
He is my hero...always has been. I’ve been lucky enough to have dinner with him twice and see him talk numerous times. I’ve told this story here before, but it’s worth a repeat. I was teaching econ at Creighton University and a colleague’s (straight-A’s) daughter wanted to get an MBA and he asked where she should go. I suggested the University of Chicago, as I knew that would challenge her.
During her first week on campus she was walking across campus and was sure she saw Friedman. She had heard me talk about him a bazillion times in class and read some of his work. She was an unassuming, naive, lady and, when he reached her, she asked: “Aren’t you Milton Friedman?” He said: “Yes, I am.” She said: “I thought you were dead!” He said: “I didn’t know that.”
He is sorely missed...
Btt
Good find.
ROFLOL!!!...
Classic, Friedman!!
And maybe 300 Donahue's that can actually have a debate...and ask decent questions.
You do know that Friedman was one of the architects of the withholding tax?
(For which his wife never forgave him...)
Yes...you were lucky.
He became my hero....in my 30's. When I sorted figured out what I thought...and knew what I thought.
Not his finest hour.
Friedman favored immigration, saying "legal and illegal immigration has a very positive impact on the U.S. economy."[100] Friedman however suggested that immigrants ought not to have access to the welfare system.[100] Friedman stated that immigration from Mexico had been a "good thing", in particular illegal immigration.[100] Friedman argued that illegal immigration was a boon because they "take jobs that most residents of this country are unwilling to take, they provide employers with workers of a kind they cannot get" and they do not use welfare.[100] In Free to Choose, Friedman wrote,[95]
No arbitrary obstacles should prevent people from achieving those positions for which their talents fit them and which their values lead them to seek. Not birth, nationality, color, religion, sex, nor any other irrelevant characteristic should determine the opportunities that are open to a person — only his abilities.
We've all heard this BS before.
Nobody’s perfect and he regretted his contribution to that.
Listen ot the guy. He’s all over YouTube. Nobody talks about freedom and the Free Market Economy nor understands it like he does.
Would the Right would get a much better grasp of this stuff. The Right would be a much more formidable foe against the Left if they did.
I read some of his books back in the early 1980s.
My problem with Milton is that he did not take into account the ill effects of off-shoring jobs on the economy, on government revenue, and on national security. Always buy it cheaper if you can was his motto and it is why China is posed to surpass us both economically and perhaps someday soon militarily. Very unwise economic philosophy hindsight.
Did not know that. And the withholding tax was implemented as I understand it during WWII, and was to have been eliminated once the war was over.
Have a memory of the LAST broadcast/commentary done by David Brinkley was a diatribe against the NEVER rescinded withholding tax— because the government had the money “up front” and it was too much of a good thing to give up. Will have to find the broadcast on this. Brinkley was derided by his own outgoing network about his “outdated ideas”. Seriously- this happened and was suppressed or written out.
I do believe if alive....his views would have changed...with the politics of the day.
He was a thinker..and willing the change his mind...
Not stagnant....like what we have now,.
Calvin— I found a source about Brinkley’s comments on withholding. It was in an article he wrote called “ America in the 1940’s” ( that gives the date as being Newsweek Jan 3, 1994,two years before he retired from This Week ABC- but I know he said it on this show or during the Repub convention in 1996) from this source:
https://humbledollar.com/2018/12/pay-as-you-go/
Quote from Newsweek, Brinkley:
“Was withholding the right way to help pay for a war? Among those who have weighed in are journalist David Brinkley (no) and historian Doris Kearns Goodwin (yes).
In an article on America in the 1940s for the Jan. 3, 1994, issue of Newsweek, Brinkley recalled withholding’s introduction: “Under pressure of war, the withholding tax was born. It is doubtful that without war Congress would ever have voted for a tax so intrusive and troublesome. Because of the withholding tax, the term ‘take-home pay’ entered the language. Had people been forced to count out their taxes in hard cash for some government collector, taxes in such stratospheric amounts almost certainly could not have been collected.”
Brinkley continued: “The cost of the war was so high that the top rate eventually went to about 92%. It was explained to Roosevelt that his rich enemies would be soaked, even fleeced, beyond their deepest fears. They paid the 92%, hated it, but could not escape. It made Roosevelt so happy, Press Secretary Steve Early told me, that once or twice he saw the president spend hours poring over records sent to him from the IRS showing who paid how much.”
Congress was also delighted with the flood of money, writes Brinkley: “Even when the war was long over, there was never any thought of ending the withholding tax. (They held the top rate at about 70% for another 16 years.) Did the enormous tax rates pay the cost of the war? No. Did the government run the war on credit and leave billions in debt? Yes.”
This from old style Democrat Brinkley. Of course Doris K. Goodwin is a plagiarizing moron.
But NOTE— the crazy lefties, Sanders and the “Che-quita” ocasio-cortez.. are touting re-entering a 92% Rate of withhold! Imagine if we had NO withhold and people had to pay their taxes when due— in April, like small business owners— they’d pay attention then, wouldnt they?
I do believe if alive....his views would have changed...with the politics of the day.
He was a thinker..and willing the change his mind...
Not stagnant....like what we have now,.
Milton Friedman knew jack sh*t about Tariffs,
and how they work.
Other than that ...
Back when sanity still prevailed i this country.
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