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Milton Friedman: The Forgotten History of the Godfather of Conservative Libertarianism


From Ammo.com
 

“I would like to say to Milton and Anna [co-author of A Monetary History of the United States, 1867–1960]: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Milton Friedman is the Godfather of American conservative libertarianism. He was, at a time when it was deeply unfashionable in official circles, a fierce critic of Keynesian economics. He was a leader of the second generation of libertarian economists to come out of the University of Chicago. Among the people recruited or mentored by him at the university include Thomas Sowell, Gary Becker, Robert Fogel and Robert Lucas, Jr. Friedman often used the jargon and methodology of Keynesians while rejecting their basic premises, coming to very different conclusions than his Keynesian counterparts.

One of his groundbreaking theoretical innovations is the notion of a natural rate of unemployment. Friedman believed that when the unemployment rate was too low, inflation was the result. Using this and his unique interpretation of the Phillips Curve, Friedman predicted “stagflation” long before there was even a word for such things. Friedman likewise broke with Austrian orthodoxy in advocating for small, controlled expansions of the money supply as the proper monetary policy. This became known as “monetarism” – the theory leveraged by the Federal Reserve during the 2008 financial crisis.

As an advisor to both United States President Ronald Reagan and United Kingdom Prime Minister Margaret Thatcher, it can be said that, in some ways, Milton Friedman was the forerunner of neoliberal economics on the international scale.

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Video: Milton Friedman and Phil Donahue On Socialism v. Capitalism


This is arguably the best explanation of the value of free market capitalism EVER. Pretty much everything everyone does is driven by self-interest and this notion that political self-interest is somehow more noble than economic self-interest has never proven to be true throughout all of human history.

 

 
 
 
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Trump Strikes Trade Deal With EU




The Washington Times

 

President Trump struck a trade deal Wednesday with the European Union, reaping significant concessions as top EU officials moved to avoid an escalating tariff war with the U.S.

The agreement seeks to eliminate all tariffs and trade barriers and eliminate all subsidies on non-auto industrial goods, which was the deal pushed by Mr. Trump.

“This was a very big day for free and fair trade,” Mr. Trump said in announcing the deal in the Rose Garden with European Commission President Jean-Claude Juncker by his side.

Mr. Trump called the deal a “new phase” in the U.S.-E.U. relationship.

The deal also included the E.U. importing more U.S. soybeans, lowering industrial tariffs and working on an agreement to import more liquified natural gas (LNG) from America.

“I had the intention to make a deal today and we made a deal today,” said Mr. Juncker.

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Video: The CAFR Swindle - The Biggest Shell Game In Town


Taxes are no longer necessary. This video exposes a deliberate and massive accounting shell game/swindle that is perpetrated by every government agency from your local school district all the way up to the Federal government.  This is the second Version of this expose' on public finance. Similar to first version, but incorporating input from Walter Burien and Clint Richardson.

See their sites for much more info:
cafr1.com
thecorporationnation.com
realitybloger.wordpress.com

 

 
 
 
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Video: Tarrifs Needed - Peter Navarro: Steel and Aluminum Industries Are ‘On Life Support’


White House National Trade Council Director Peter Navarro says President Trump’s tariff plan on steel and aluminum imports will revitalize an industry that’s been “on life support.”

 

 
 
 
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Catherine Austin Fitts: There Is No Middle Of The Road Anymore – Choose Which Side You’re On


Catherine says that spiritual warfare is wreaking havoc on the economy, and now we must all chose sides and get involved. Here’s our options…

Catherine Austin Fitts interviewed on Jason Liosatos Outside The Box

My talk with Catherine Austin Fitts former assistant secretary of housing under George Bush Senior. Catherine talks about her own breakaway from the psychopathic, corrupted Government money system, and her wonderful work now at www.solari.com where she is helping people to understand our system, and move towards a more symbiotic one, based on empathy, morals, truth and co operation.

 

 
 
 
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Video: Moyers - The Faces of America's Hungry


Here in the richest country on earth, 50 million of us — one in six Americans — go hungry. More than a third of them are children. Debates on how to address hunger – in both Congress and the media — are filled with tired clichés about freeloaders undeserving of government help, living large at the expense of honest, hardworking taxpayers. But the documentary A Place at the Table paints a truer picture of America’s poor.

 
 
 
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