Milton Friedman - Putting An End To Fascism, page 1

Before there was Ron Paul, there was Milton Friedman.

Milton Friedman was a Nobel prize winning free-market economist that believed in strictly limiting the size of government in order to prevent tyranny and fascism. Friedman was also a former governor of the Federal Reserve bank, an institution he felt should be abolished entirely.

Friedman's free market economic theories helped create what we call "The Miracle of Chile" - which helped to bring about democracy and economic growth in Chile.

Friedman's free market reforms of Chile displaced the military junta and installed democracy. Today, According to the 2008 Index of Economic Freedom, Chile is the world's 8th most free economy today and 11th most free in the 2009 Index of Economic Freedom. Chile is ranked 3rd out of 29 countries in the Americas and has been a regional leader for over a decade.

Had we followed Friedman's advice in this country, the mega-banks that just looted us for 28 trillion would all be bankrupt.

Had we followed Friedman's advice in this country, the multiple wars of aggression we are fighting today never would have been started.

Had we followed Friedman's advice in this country, inflation would not be rampaging out of control to the point where a McDonald's meal now costs 7 dollars a pop in some places.

Had we followed Friedman's advice in this country, the sub-prime meltdown never would have occured.

Friedman, along with FA Hayek (another Nobel economist), and other Austrian economists have proven time and time again that when government gets involved in the markets by having the Fed force interest rates down, bailing out failed institutions, and spending massive sums of borrowed money, it causes mass chaos, inflation, and suffering.

Today the American population is suffering 20% unemployment and massive inflation because we ignored the great work done by Friedman and others like him.

Today the mega-banks are giving themselves 1% of America's GDP in bonuses - even as they take tax payer money to keep from failing.

None of this would be possible without the Federal Reserve. Friedman wanted to end fascism and the tyranny of the mega-banks by abolishing the criminal Federal Reserve bank.

Today we are reaping the consequences of ignoring his work.

Here's to you Milton Friedman - defender of liberty.


Friedman speaking on liberty:
fascistsoup.com...

Friedman saying we should END THE FED!
www.youtube.com...

Friedman on why drugs should be legalized:
www.youtube.com...

Friedman on greed:
www.youtube.com...

Friedman on minimum wage:
www.youtube.com...





[edit on 16-3-2010 by mnemeth1]

To learn more about freedom and Austrian economics, check out other videos by freedom loving economists here:

fascistsoup.com...

reply to post by mnemeth1

---

Before Ron Paul, Friedman, and JFK there was a man named Thomas Jefferson.
One of the wisest men and influential men in American history.

The Nobel Prize is a bunch if bull anyways. Obama got one and he sent 30k troops to Afghan.

The miracle of Chile, is not a miracle. They just fell into a situation that America is now in. Except it will take them longer to collapse, because it is the beginning of a democracy. Look at Rome, great example.

Democracy never succeeds, and is always corruptible. Look how civilized our Democracy is, there is nothing civilized about it, we still kill our own race of beings.

If the system were to crash and the banking system allowed to fail, everyone in the U.S. would be fighting against the left over government (civil war), and starving to death with no food in stores.

The employment rate is at 10% last time I saw it on the news, but who really knows the unemployment rate. Maybe its 20% of the world?

The world as we see it could be in such a far worse condition then it already is.

People should be thankful there is still a system to cry about, because without the bailout package, I am 100% positive the FEMA camps would have been in use by now.

[edit on 16-3-2010 by Quickfix]

Watch Naomi Klien's film :

"Shock Doctrine"

Friedman and the Chicago boys are low life war crimminals IMHO.

In THE SHOCK DOCTRINE, Naomi Klein explodes the myth that the global free market triumphed democratically. Exposing the thinking, the money trail and the puppet strings behind the world-changing crises and wars of the last four decades, The Shock Doctrine is the gripping story of how America’s “free market” policies have come to dominate the world-- through the exploitation of disaster-shocked people and countries.

www.naomiklein.org...

Originally posted by mnemeth1
Here's to you Milton Friedman - defender of liberty.

I simply cannot agree,after watching the above mentioned film.

"Heres to you Milton friedman,initiatior of coups,and exploiter of the weak."

may be more appropriate.

So what sort of folks are churned out of Friedmans Chicago school ?

As a young Congressman, (Donald)Rumsfeld attended seminars at the University of Chicago, an experience he credits with introducing him to the idea of an all volunteer military, and to the economist Milton Friedman and the Chicago School of Economics.[14] He would later take part in Friedman's PBS series Free to Choose.[15]

en.wikipedia.org...


Hmmm.Says it all really IMO.

PS,star for you asktheanimals.

Originally posted by Asktheanimals
I would suggest looking a little deeper into Milton Friedman and the Chicago school. They created the economic model for "shock and awe" that has brought death and ruin on many south american nations (amongst others). They were also the CIA tie-in to put agents into critical postitions in said nations.
Austrian economics are indeed a good model for capitalism but sadly what Friedman often spoke was not what was practiced.
Friedman belongs in the hall of shame for international criminals if you ask me.

Friedman didn't advocate "shock and awe" - I'm not sure where you are getting your information from.

It is the Keynesian economists that advocate "shock and awe" - see 700 billion dollar stimulus bill that was created with no rhyme or reason:

cspan coverage

But then there was a little investigation, and they asked the Treasury, Where did you come up with the number $700 billion? Well, they answered it last week in Forbes Magazine, and here's the Treasury spokeswoman's quote: ``It's not based on any particular data point. We just really wanted to come up with a really big number.''

[edit on 16-3-2010 by mnemeth1]

Originally posted by Silcone Synapse
So what sort of folks are churned out of Friedmans Chicago school ?

As a young Congressman, (Donald)Rumsfeld attended seminars at the University of Chicago, an experience he credits with introducing him to the idea of an all volunteer military, and to the economist Milton Friedman and the Chicago School of Economics.[14] He would later take part in Friedman's PBS series Free to Choose.[15]

en.wikipedia.org...


Hmmm.Says it all really IMO.

PS,star for you asktheanimals.

Friedman advocating an all volunteer military is him being a "war criminal"?

How is advocating an all volunteer military being a war criminal?

Friedman debating the communist Naomi Klein

Part 1



Part 2

Reason Magazine has put out an article about the communist Naomi Klein and her defamation of the great freedom advocate Milton Friedman:

reason.com...

In the future, if you tell a student or a journalist that you favor free markets and limited government, there is a risk that they will ask you why you support dictatorships, torture, and corporate welfare. The reason for the confusion will be Naomi Klein's book The Shock Doctrine: The Rise of Disaster Capitalism.

Worth reading, as are all the articles published by Reason Magazine.

Originally posted by mnemeth1
How is advocating an all volunteer military being a war criminal?

It isn't.

But taking advantage of a country when its people are under severe oppression in order to take a major chunk of wealth from said country...should be IMO:

As soon as Pinochet took power, he had no economic plan of his own. In stead, he placed on the table a plan devised at the University Of Chicago School Of Economics that would be come to be know as “El Ladrillo” or “The Brick”. Milton Friedman would later look back at the results of his Chilean test case and refer to it as “The Miracle of Chile“.
Milton’s “miracle” devastated a country while propping up a corporate structure unrivaled in Latin American history. It created a lasting oligarchy that is still established to this day. Though many reforms have been implemented since the revolts in Chili in the late 80s and the subsequent removal of Pinochet in 1990, much of the corporate privatization plans remain intact; siphoning off valuable public assets and reassigning them to a handful of powerful men.
Friedman referred to his plan as “shock economics”; the idea being that when a people are in a state of confusion or collective shock from a natural disaster or some other national crisis, then they are willing to submit to reforms that they wouldn’t normally stand for. In the case of Chile, once they had lost the election and knew they wouldn’t be able to enact the “brick” legally, the “shock” was the military take-over of the country and the subsequent brutal dictatorship of Augusto Pinochet. Some miracle. Savage economic theory based on an absolute “law of the jungle” approach to social responsibility, encouraged at the highest levels of government.

www.thepeoplesvoice.org...

Milton’s “miracle” devastated a country while propping up a corporate structure unrivaled in Latin American history. It created a lasting oligarchy that is still established to this day.

Sounds like a form of Fascism to me.
Using the instability and torture/death of many people to keep your corporate interests in profit...

When has Ron Paul EVER advocated ANYTHING similar to this?

reply to post by Silcone Synapse

---

As the Reason Magazine article points out, your quotes taken from the communist Naomi Klein are gross distortions of Friedman's views.

Friedman's economic reforms actually ended the military dictatorship in Chile.

Not content to misrepresent Friedman's opinions, Klein blames him for various crimes committed around the world. Most notably, she links him to Augusto Pinochet's brutal military dictatorship in Chile in the 1970s, writing that Friedman acted as "adviser to the Chilean dictator."

In fact, Friedman never worked as an adviser to, and never accepted a penny from, the Chilean regime. He even turned down two honorary degrees from Chilean universities that received government funding, because he did not want to be seen as endorsing a dictatorship he considered "terrible" and "despicable." He did spend six days in Chile in March 1975 to give public lectures, at the invitation of a private foundation. When he was there he met with Pinochet for about 45 minutes and wrote him a letter afterward, arguing for a plan to end hyperinflation and liberalize the economy. He gave the same kind of advice to communist dictatorships as well, including the Soviet Union, China, and Yugoslavia.

Klein twists this relationship beyond recognition, claiming Pinochet's 1973 coup was executed to allow free market economists ("the Chicago Boys," as the economists from Friedman's University of Chicago were called) to enact their reforms. This false link is crucial for giving the impression that the Friedmanites have blood on their hands, since the most violent period of the regime came right after the coup. But Friedman's visit, which Klein claims started the real transformation, came two years later. Klein insists on having it both ways.

The reality was that Chile's military officials were initially in charge of the economy. They were corporatist and paternalist, and they opposed the Chicago Boys' ideas. The air force controlled social policy, for example, and it blocked market reforms until 1979. It wasn't until this approach led to runaway inflation that Pinochet belatedly threw his weight behind liberalization and gave civilians ministerial positions. Their success in fighting inflation impressed Pinochet, so they were given a larger role.

Klein could have used the real chronology to attack Friedman for visiting a dictatorship that tortured its opponents-a commonly heard criticism of the economist-but that's not enough for her. To find support for her central thesis that economic liberalism requires violence, she has to make it look like torture and violence were the direct outcome of Friedman's ideas.

[edit on 16-3-2010 by mnemeth1]

reply to post by mnemeth1

---

Ill look into it-hadn't seen that link yet.
Maybe there is a different side to the Friedman doctrine that I do not know enough about,just sharing with you what I had heard on the subject.

Naomi Kleins film appeared (to me at least) to be well researched in linking Friedman's doctrine to many events concernong US foriegn policy,right the way up to the current war on terror.

I will watch the YT vids you posted in a while,and report back.

BTW I ain't a commie,I know you didn't say I was,just for the record.

Originally posted by Silcone Synapse
reply to post by mnemeth1

---

Ill look into it-hadn't seen that link yet.
Maybe there is a different side to the Friedman doctrine that I do not know enough about,just sharing with you what I had heard on the subject.

Naomi Kleins film appeared (to me at least) to be well researched in linking Friedman's doctrine to many events concernong US foriegn policy,right the way up to the current war on terror.

I will watch the YT vids you posted in a while,and report back.

BTW I ain't a commie,I know you didn't say I was,just for the record.

Naomi Klein is a big-government market interventionist.

She wrote that hit piece against Freidman to dupe the public into thinking free markets are to blame for the current situation.

Its clearly evident that the FEDERAL RESERVE and BIG GOVERNMENT are to blame.

Friedman wanted banks to fail. Friedman wanted to END THE FED. Friedman wanted the market to punish corporations. Friedman wanted to end crony capitalism.

Friedman was entirely AGAINST crony capitalism.

He hated it - just as he hated dictatorships and all forms of government tyranny over the people.

reply to post by mnemeth1

---

OK,You have convinced me to look further into the matter-It wouldn't be the first time I have changed my views on a subject.
I will see if that happens in this case.
I admit the Naomi Klein film is what I have(so far)based my knowledge upon.
Time to look at the other angles.
And maybe to see who funds Naomi...

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