Author Topic: Great Free Market Thinkers: Mises, Hayek, and Friedman  (Read 4829 times)

Palumboism

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Great Free Market Thinkers: Mises, Hayek, and Friedman
« on: March 12, 2016, 07:29:28 AM »
With all the pro socialist talk on this board, I think it's important to balance it with some great free market thinking.  This thread is dedicated to Ludwig Von Mises, Friedrich Hayek, and Milton Friedman.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
Ludwig von Mises


I welcome all Trolls, Meatheads, Socialists, Flat Earthers, and Tinfoil Hat wearers.

_aj_

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #1 on: March 12, 2016, 07:31:09 AM »
TA will be here soon to deliver a gigantic red-capped rebuttal with his years of non-working, trust-fund-baby knowledge.

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #2 on: March 12, 2016, 07:32:59 AM »
Milton Friedman schools a smug True Adonis type.  I would love to see Milton debate True Adonis!


Voice of Doom

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #3 on: March 12, 2016, 07:34:24 AM »
If you're born in this country you're already in the 1%.  Travel to Africa, Indonesia, Honduras, Lao and see what poverty really looks like.  It's easy to complain about capitalism when you're living in the comfortable world it created.

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #4 on: March 12, 2016, 07:35:48 AM »
With all the pro socialist talk on this board, I think it's important to balance it with some great free market thinking.  This thread is dedicated to Ludwig Von Mises, Friedrich Hayek, and Milton Friedman.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
Ludwig von Mises



Queer quote to proselytize with.

dr.chimps

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #5 on: March 12, 2016, 07:36:56 AM »
In their day, they were considered Liberals.  ;)

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #6 on: March 12, 2016, 07:37:00 AM »
Capitalism is essentially a system of mass production for the
satisfaction of the needs of the masses. It pours a horn of plenty
upon the common man. It has raised the average standard of
living to a height never dreamed of in earlier ages. It has made
accessible to millions of people enjoyments which a few generations
ago were only within the reach of a small élite.


Ludwig Von Mises

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #7 on: March 12, 2016, 07:39:13 AM »
In their day, they were considered Liberals.  ;)

Yes, but the definition of that word has changed to mean the opposite of what it used to mean.

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #8 on: March 12, 2016, 07:40:21 AM »
Used to the conditions of a capitalistic environment, the
average American takes it for granted that every year business
makes something new and better accessible to him. Looking
backward upon the years of his own life, he realizes that many
implements that were totally unknown in the days of his youth
and many others which at that time could be enjoyed only by
a small minority are now standard equipment of almost every
household. He is fully confident that this trend will prevail also
in the future. He simply calls it the “American way of life” and
does not give serious thought to the question of what made this
continuous improvement in the supply of material goods possible.

Lugwig Von Mises

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #9 on: March 12, 2016, 07:46:30 AM »
“In a much quoted passage in his inaugural address, President Kennedy said, "Ask not what your country can do for you -- ask what you can do for your country." It is a striking sign of the temper of our times that the controversy about this passage centered on its origin and not on its content. Neither half of the statement expresses a relation between the citizen and his government that is worthy of the ideals of free men in a free society. The paternalistic "what your country can do for you" implies that government is the patron, the citizen the ward, a view that is at odds with the free man's belief in his own responsibility for his own destiny. The organismic, "what you can do for your country" implies that government is the master or the deity, the citizen, the servant or the votary. To the free man, the country is the collection of individuals who compose it, not something over and above them. He is proud of a common heritage and loyal to common traditions. But he regards government as a means, an instrumentality, neither a grantor of favors and gifts, nor a master or god to be blindly worshiped and served. He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.”

― Milton Friedman

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #10 on: March 12, 2016, 08:23:52 AM »

Economics must not be relegated to classrooms and statistical
offices and must not be left to esoteric circles. It is the philosophy
of human life and action and concerns everybody and
everything. It is the pith of civilization and of man’s human
existence.

Ludwig Von Mises

drkaje

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #11 on: March 12, 2016, 09:22:05 AM »
TA will be here soon to deliver a gigantic red-capped rebuttal with his years of non-working, trust-fund-baby knowledge.

TA is a modern day, online version of Samuel Clemens. :)

GigantorX

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #12 on: March 12, 2016, 09:25:59 AM »
Milton Friedman schools a smug True Adonis type.  I would love to see Milton debate True Adonis!



Friedman delivered the goods, he had his thoughts and he debated them, he spoke about them and actually conversed. Do you think you would ever see something like this clip (there are tons of others) starring a Paul Krugman or Thomas Friedman, Greenspan, Yellen, Bernanke, Summers etc?

No way. Not in a million years.

FitnessFrenzy

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #13 on: March 12, 2016, 10:00:43 AM »
With all the pro socialist talk on this board, I think it's important to balance it with some great free market thinking.  This thread is dedicated to Ludwig Von Mises, Friedrich Hayek, and Milton Friedman.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
Ludwig von Mises



yes let us get even more free markets so we can have more crashes like lehman brothers', which kick started the 2008 financial crisis.  ::)

GigantorX

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #14 on: March 12, 2016, 10:43:22 AM »
yes let us get even more free markets so we can have more crashes like lehman brothers', which kick started the 2008 financial crisis.  ::)

Uh, "Free Markets" didn't cause that.

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #15 on: March 12, 2016, 11:47:04 AM »
yes let us get even more free markets so we can have more crashes like lehman brothers', which kick started the 2008 financial crisis.  ::)

The root of the financial crisis was the housing bubble.  Friedman would say the bubble and resulting crash were caused by government intervention.  Don't forget, Fannie Mae and Freddie Mac are run by the government.  .  Ask yourself, what caused this housing bubble?  Who was supplying all this easy money for mortgages and why is the government involved in the mortgage market to begin with?



“Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.”
― Milton Friedman



FitnessFrenzy

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #16 on: March 12, 2016, 11:53:22 AM »
Uh, "Free Markets" didn't cause that.

the banks were able and allowed to create the subprime loans and the private rating agencies gave out AAA ratings that were not correct. Tell me how I am wrong.

Palumboism

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #17 on: March 12, 2016, 12:13:07 PM »

All the talk about the so-called unspeakable horror of early
capitalism can be refuted by a single statistic: precisely in these
years in which British capitalism developed, precisely in the
age called the Industrial Revolution in England, in the years
from 1760 to 1830, precisely in those years the population of
England doubled.

Friedrich Hayek

GigantorX

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #18 on: March 12, 2016, 06:46:03 PM »
the banks were able and allowed to create the subprime loans and the private rating agencies gave out AAA ratings that were not correct. Tell me how I am wrong.

Now you're on to something!

sync pulse

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #19 on: March 12, 2016, 08:42:40 PM »
one name: John Kenneth Galbraith

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #20 on: March 12, 2016, 09:21:24 PM »
Milton Friedman schools a smug True Adonis type.  I would love to see Milton debate True Adonis!



I posted this a few weeks ago. That's a young Michael Moore that Friedman is dismantling. Needless to say after that embarrassment Moore went into a life long depression and became a delusional fatass.

ProudVirgin69

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #21 on: March 12, 2016, 09:29:59 PM »
The free market, as espoused by Friedman et al., doesn't exist outside of an economics textbook.  Hth.

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #22 on: March 12, 2016, 09:44:20 PM »
The free market, as espoused by Friedman et al., doesn't exist outside of an economics textbook.  Hth.

Sure, explain that to every successful business owner in America. The economics being taught in most of our universities is based mostly on delution which is why our economic systems are going to shit.

mr.turbo

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #23 on: March 12, 2016, 10:08:27 PM »
The free market, as espoused by Friedman et al., doesn't exist outside of an economics textbook.  Hth.

thank you

as stated prior.  *free market* dogma repeated obsessively does not overcome the burden of facts

please show us the real world examples of these theories and we can discuss.

take your time with it. looking forward to seeing what you come up with.

"

Coach is Back!

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Re: Great Free Market Thinkers: Mises, Hayek, and Friedman
« Reply #24 on: March 12, 2016, 10:21:29 PM »
thank you

as stated prior.  *free market* dogma repeated obsessively does not overcome the burden of facts

please show us the real world examples of these theories and we can discuss.

take your time with it. looking forward to seeing what you come up with.



Serious question. Do you have you're own business, work at a job or are you a student?