Greed...

This guy is brilliant

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Permalink Reply by Robert on August 12, 2011 at 5:32pm

IS GOOD!

Brilliant, every economics student had to read his fecking book!

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Permalink Reply by Salad Fingers on August 12, 2011 at 9:46pm

He just made the guy look like a naive little child

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Permalink Reply by Lǎotóuzi - 老头子 on August 13, 2011 at 9:46am

I don't see how you can say this. Donahue merely posed questions to the guest speaker. He advocated no position or took no side. The guest was the one who tried to make them look like statements and misguided ones at that. I'm not a Donahue fan, but there are few if any who can make him look like a naive child. This man wasn't one of them. His responses to the questions were interesting though. If true they bode ill for the welfare of the common man in China.

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Permalink Reply by Robert on August 13, 2011 at 9:48am

You know the guy being questioned was Milton Friedman?

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Permalink Reply by Lǎotóuzi - 老头子 on August 13, 2011 at 10:39am

Hi Robert. No I didn't realiaze that until you mentioned it, and even then I had to look him up to be very aware exactly who he was.

http://www.nybooks.com/articles/archives/2007/feb/15/who-was-milton...

I did find this statement about him during my Google: "it must be said that there were some serious questions about his intellectual honesty when he was speaking to the mass public." And that was the feeling I got watching the video clip. It seemed that he was trying to grandstand his statements.

That also explains Donahue's youthful appearance.

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Permalink Reply by Robert on August 13, 2011 at 10:58am

Unfortunately if you have ever had to study economics he is frequently mentioned as he was a strong advocate of market based economic practices and minimal government intervention.

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Permalink Reply by Oli on August 13, 2011 at 2:12pm

Note that the guy who wrote that, Paul Krugman, is an ardent opponent to Austrian Economics, the school of thought Milton Friedman defended his whole life.

For anyone who is interested here are 2 documentaries made by Milton Friedman:

http://www.freetochoose.tv/

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Permalink Reply by Filthy Lucre on August 12, 2011 at 11:40pm

I'm in favor of greed. It and pussy make the world go 'round.

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Permalink Reply by 蛇口Jon on August 13, 2011 at 12:48am

greed is everywhere. Ironically the Chinese version of capitalism is uglier and more raw than their western counterparts where the Chinese people seem to think they hold a higher moral ground over them for being poorer (relatively speaking).