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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (885863)	9/7/2015 4:40:49 PM
From: tejek	Read Replies (2) \| Respond to of 1577836

>> Dave, go read the entire article here: Dumbass. I quoted Milton Friedman. Yes, you got the quote from the article I posted to you. The article was written up by a winger think tank. I gave you the link.....did you bother to look. I recommend you read the book. A few times. It is simple enough even you can understand it. Of course, you would never invest the time because ignorance suits you well. Why would I read a book by someone who is clearly very ideological and not a good adviser to Reagan. Dave, I suggest you do a better job of picking your heroes. >> Either Friedman was excessively naive or he's trying to dupe people like you. Read the book. Milton Friedman, the greatest economist of modern times, did not pull numbers out of his ass. If you're going to try to argue with him, you're not going to win the argument. I repeat: study after study has shown that whites are hired before blacks in this labor market. Its called racism. Its no different with teens than its is with adults. It has nothing to do with the min wage. If Friedman didn't know that, then he is either naive or stupid.

To: i-node who wrote (885863)	9/7/2015 5:04:18 PM
From: combjelly	1 Recommendation Recommended By bentway Read Replies (1) \| Respond to of 1577836

Dumbass. I quoted Milton Friedman. And that is the problem, Dave. What happened in 2007 and 2008 was a direct result of decades of applying Friedman's policies to the economy. To varying degrees, it has happened every time and place his brand of economics has been tried. Like Chile. It implemented a lot of his policies in the 1970s. Which led to a banking crisis in 1982 and the eventual abandonment of many of those changes. Or Ireland. Which also adopted many of Friedman's policies until they had a banking crisis in 2008 Which their economy has yet to recover from. And there was Iceland, which adopted many of Friedman's policies until 2008... Notice a pattern here? Now Ireland and Iceland were caught in the global banking collapse. But that affected only the timing. In both those cases, their banking collapse was much, much worse than the others. In fact, Iceland's banking collapse was the worse ever. Now both were doing very well before their banks collapsed, outpacing other countries with more prudent policies. But if you have to court a collapse of the banking system to very well, it is probably a good idea to trade off a little of that performance to have stability. Friedman was influential. And wrong. His promoted policies result in a banking system that will and has collapsed. Every time it has been tried. Which is why there has been movement away from them across the globe.