Imagine the world we would have if brilliant men like Milton were listened to. Not a utopia of course, utopias never have and never will exist in this universe, but 63 views for this video says it all. Even as the Western world crumbles around us, the same mistakes are made over and over, people fall ever farther from wisdom and liberty towards ignorance and subjugation. Great civilisations seem doomed to repeat the same cycle of rise and fall; incapable and unwilling to learn the lessons of the past.
When Friedman talked about the 'robber barons' building the railway systems, it brought back Obama's speech in which he said to successful entrepreneurs "you didn't build that." What occurred to me is that, in actual fact, we've been living off the economic successes and benefits the "robber barons" of the 19th century built. It's time big gov and big gov advocates got out of the people's way and allow them to get on with the business of making things better.
There is one more dimension regarding strategic materials monopolization via dumping: impaired defense capabilities. If a foreign nation succeeds in targeting strategic industries: computer chip manufacturing, hi-grade steel (metals) used in military equipment, rare earth mineral mining, etc. there is a defense priority that needs to be considered. A war begins many years before the shooting starts: crippling strategic manufacturing capabilities is fair game. President Trump, for example, is supporting extra-market-mechanism incentives to gear up our rare earth mineral mining and processing in the USA, so the Chinese won't have us by the balls one day by cutting off supply.
I agree with printing money being essentially the only way to create inflation. But I wonder what he would say about the possibility that federal minimum wage is another way of creating a type of inflation. In the sense that it raises not the value of a dollar but the cost of a labor dollar. It makes it that much harder for someone to hire another person. I wonder what he would have said about that idea.
I am running for Congress. His teachings are helping shape and mold my core principles so I can explain it to others.
Prophetic... "We will not solve our problems by electing the right people. We will solve our problems by making the wrong people do the right thing"
This message is still relevant today.
Imagine the world we would have if brilliant men like Milton were listened to. Not a utopia of course, utopias never have and never will exist in this universe, but 63 views for this video says it all. Even as the Western world crumbles around us, the same mistakes are made over and over, people fall ever farther from wisdom and liberty towards ignorance and subjugation. Great civilisations seem doomed to repeat the same cycle of rise and fall; incapable and unwilling to learn the lessons of the past.
great post
There are two things I've learned from history. First is history always repeats itself. Second is, nobody ever learns from history.
When Friedman talked about the 'robber barons' building the railway systems, it brought back Obama's speech in which he said to successful entrepreneurs "you didn't build that." What occurred to me is that, in actual fact, we've been living off the economic successes and benefits the "robber barons" of the 19th century built.
It's time big gov and big gov advocates got out of the people's way and allow them to get on with the business of making things better.
Every thinking American including university students should learn from these lectures.
Excellent!
There is one more dimension regarding strategic materials monopolization via dumping: impaired defense capabilities. If a foreign nation succeeds in targeting strategic industries: computer chip manufacturing, hi-grade steel (metals) used in military equipment, rare earth mineral mining, etc. there is a defense priority that needs to be considered. A war begins many years before the shooting starts: crippling strategic manufacturing capabilities is fair game. President Trump, for example, is supporting extra-market-mechanism incentives to gear up our rare earth mineral mining and processing in the USA, so the Chinese won't have us by the balls one day by cutting off supply.
A true giant.
I agree with printing money being essentially the only way to create inflation. But I wonder what he would say about the possibility that federal minimum wage is another way of creating a type of inflation. In the sense that it raises not the value of a dollar but the cost of a labor dollar. It makes it that much harder for someone to hire another person. I wonder what he would have said about that idea.
4:08 the beginning of th big short
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His is certainly qualified to profess on this topic given the isolation of his work from reality despite all the hype
Isolation from your "reality"?