Capitalism and Freedom - Milton Friedman

[NigNogNonia]

An old favorite of mine and a classic of pure, well-reasoned economic thought. This was originally published back in 1962 and is now available in a fortieth anniversary publishing.

Capitalism and Freedom

Friedman is a modern genius on the level of Einstein and Feynman. Friedman influenced my entire career and "teaching style" in economics, political science, and political economy.

When I took a political viewpoint test, I came out here - just a notch and a half to the left of Uncle Milton.

http://www.chimpout.com/forum/imagehosting/63894af63b31638d3.png

[NiggerHater]

I don't think Friedman and Keynes would have a polite discussion in the same room.... :lol

[ANH]

Here's mine. :lol http://www.chimpout.com/forum/imagehosting/5294af9ad8ecc5bc.png

[Whitey Ford]

Milton Friedman? Isn't he that Chicago School Of Economics (Rockefeller founded) guy who convinced Nixon to take America off the Gold Standard (thus backing the Dollar with nothing) back in 1971? No thank you :cff
Interesting take on Friedman courtesy of the very awesome Murray Rothbard:
http://www.lewrockwell.com/rothbard/rothbard43.html

Why not read America's Great Depression by Murray Rothbard for some insight
www.scribd.com/doc/7507475/Americas-Great-Depression-by-Murray-Rothbard

You can also find his books What Has The Government Done To Our Money and The Case Against The Fed archived there. Check 'em out thumbsup

A book I'm reading right now is pretty awesome as well:
Amazon.com: Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion (9781932595796): Joseph P. Farrell: Books

[00SLUG]

I don't really like the political compass test because it takes personal questions and takes them into a political context, which is not likely what I actually believe. Such as "When you are troubled, it's better not to think about it, but to keep busy with more cheerful things."

Nevertheless I am here:

http://img217.imageshack.us/img217/8485/polcomp.png

[TheSpider]

http://mises.org/

I am a follower of the Von Mises School of Economics.

I am a hard libertarian.

[Chimps'N'Biscuits]

im a libertarian too :dats

[Afrosquad]

Milton Friedman? Isn't he that Chicago School Of Economics (Rockefeller founded) guy who convinced Nixon to take America off the Gold Standard (thus backing the Dollar with nothing) back in 1971? No thank you :cff


Nixon killed the Bretton Woods system. That system entailed the U.S. government paying another country a fixed rate for gold.

Of course the Fed act of 1913 was the start of this bullshit but it's effect was truly realized when FDR outlawed private gold ownership in the '30's to get ready for the war and to keep up with the Fed-induced inflation. While you can own gold now, you haven't been able to walk into a bank with cash and walk out with gold since the '30's. Nixon merely delivered the final blow. Wilson and Roosevelt were the significant traitors:thup The Federal Reserve has had such a detrimental effect on this country (and the world) that the only way to fix it is to start from scratch....which seems impossible.

I'm a Libertarian as well.

[SnuffySmith]

Milton Friedman's economic theories have been a disaster every place they've been imposed. Obama's economic advisers are Chicago School Friedmanites. Need I say more?

[Whitey Ford]

Nixon killed the Bretton Woods system. That system entailed the U.S. government paying another country a fixed rate for gold.

Of course the Fed act of 1913 was the start of this bullshit but it's effect was truly realized when FDR outlawed private gold ownership in the '30's to get ready for the war and to keep up with the Fed-induced inflation. While you can own gold now, you haven't been able to walk into a bank with cash and walk out with gold since the '30's. Nixon merely delivered the final blow. Wilson and Roosevelt were the significant traitors:thup The Federal Reserve has had such a detrimental effect on this country (and the world) that the only way to fix it is to start from scratch....which seems impossible.

I'm a Libertarian as well.

Both Wilson and Nixon were kind of dumb and had traitorous, worthless advisors that led them astray. Wilson was advised by Col. Mandell House and Nixon had Milton Friedman who was the one who convinced Nixon to drop the gold standard. It was Lord Cowdray from the House Of Lords in England and President Roosevelt who decided that the US Dollar would be the world reserve currency of the world and be pegged to a clearly defined dollar/gold ratio at Bretton-Woods. If the gooberment had staid on that standard the dollar would still be worth something.

The Austrian School (Von Mises, Von Hayek) is far superior to the f00kin' retarded Keynesian School followed by the US and UK, but that isn't saying much. There are two systems in the Keynesian School, the Unitas and the Bancor. The US uses the Unitas system and the UK uses the slightly less batshit Bancor. Right now the IMF is proposing a new world reserve currency that they want to call the Bancor, simply just more English Keynesian horseshit.
http://theeconomiccollapseblog.com/archives/bancor-the-name-of-the-global-currency-a-shocking-imf-report-urges-the-world-to-adopt

If the English got pissed and burned the Financial District Of London down and jailed and/or hung all of it's worthless shithead bankers they'd be doing themselves and the whole world a favor thumbsup
As much as I like Von Mises and the Austrian School, Friedrich List is a far better economist. Germany used his strategy to rebuild itself post Weimar Republic collapse. Think German Nationalist system. Here's Friedrich List's The National System Of Political Economy in it's entirety for download/stream:
http://books.google.com/books?id=4uuc7tdk0Z8C&printsec=frontcover&dq=the+national+system+of+political+economy&source=bl&ots=zUbcEk9aYa&sig=BxOqgLfI1YVRpDr7iJIFIAgFN4E&hl=en&ei=yBd0TI3DIoj6swOz1bzPCA&sa=X&oi=book_result&ct=result&resnum=3&sqi=2&ved=0CBoQ6AEwAg#v=onepage&q&f=false
:coffee2

[Stinkynigs]

Here's mine.

http://www.chimpout.com/forum/imagehosting/32654c7ded2862712.png

I guess you can say I float around the libertarian right section with opinions changing but overall staying within that quarter.

[NigNogNonia]

[QUOTE=Pazuzu;579158]Milton Friedman? Isn't he that Chicago School Of Economics (Rockefeller founded) guy who convinced Nixon to take America off the Gold Standard (thus backing the Dollar with nothing) back in 1971? No thank you :cff/QUOTE]

The Dollar was backed with the "faith and credit" of the United States. At the time, it seemed a sensible thing to do. Whether the standard is a commodity or a credit system is the real question.

The Gold Standard is a major source of deflation in any national economy and can actually inhibit a nation from economic recovery (from a recession, for example). Essentially, one becomes a monetarist beholden to gold - a commodity that has a specific rate of production. :coffee2

[Whitey Ford]

The Gold Standard is a major source of deflation in any national economy and can actually inhibit a nation from economic recovery (from a recession, for example). Essentially, one becomes a monetarist beholden to gold - a commodity that has a specific rate of production.

A non asset backed fiat currency? aaahhh

A Silver Standard would probably be better considering it's fairly plentiful on this continent. But not backing it with anything (like circa now) is asking for trouble.
Methinks if Ben Bernanke ever sees this thread he's going to offer you a seat on the Federal Reserve board. :think