by Summary:
Few people‘s bad ideas have gone so far as Milton Friedman‘s. 
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Mike Norman considers the following as important:
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Few people‘s bad ideas have gone so far as Milton Friedman‘s. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Few people‘s bad ideas have gone so far as Milton Friedman‘s.  |
Heck yeah! I'm frigging almost 60 yrs old and really have to push hard physically, whether it's at the local gym or in the thick of the woods. It's essential for Mental Game. Trust me, those young "whipper snappers" know and appreciate when there's a badass old man in their midst.
Thanks for the updates, Mike.
The inflation was caused by the government's response to covid. Paying people to stay home is the dictionary definition of wasteful spending. The Defieceit Myth book clearly says that's what causes inflation. Also, calling everyone idiots is not very persuasive, by the way.
Is there a constitution that matters anymore Mike? This power abuse is crazy. Elon talking like a moron.
The market was crashing you dummy, the reason it didn't crash super hard is because Open AI came out not because of the Fed raising rates.
¥1Q would be more like $10T in the US, one Yen is like one Penny. The US printed about $13T during the pandemic.
Big Stephanie kelton guy?
This guy shows his ignorance day by day. I like to stop in every once in a while and get a good laugh
You're absolutely correct on Friedman, he was just a mouthpiece for an outsider group of elites. It actually goes farther back to the founding of the Mont
Pelerin society.
milton was just one scumbag making a mockery of the economy meanwhile there are entire economics schools with professors who push friedman’s nonsense onto students still
OK now I know your punch drunk
Free market capitalism doesn't involve the FED buying huge amounts of treasuries and GSE to support lower rates. The FED even buying bonds that support GSE distorts markets. Pre-2008 the FED had a 800B dollar balance sheet. Now it's seven trillion. Bonds are not appropriately priced. Free markets should decide what the 'risk-free' rates are, not Jerome, Bernanke, or some crazy MMT theory. Japan didn't print quadrillions of dollars and give it to the main street economy. It's held at the their Central Bank to suppress bond yields. That's it. So you're left with equities. If Japan actually printed quadrillions of dollars and gave it to main street, asset prices and equities would be through the roof, but Japan's stock market is at the same place it was in about `89, about the time Japan stopped having kids. The ONLY reason the equity market is even close to `89 prices is the Yen losing value.
If you don't believe Argentina is doing better under Javier Milei, I got a bridge to sell you. He's brought down inflation tremendously, because government printing was going to main street, not commensurate with goods and services production of the domestic economy. The same happened to Venezuela.
All money is credit. Where you place that credit is what is important. Either way, the FED should not intervene in any market. That by definition is not free market capitalism.
Well, it’s still free market for the people. Say, the Fed doesn’t intervene. Guess who will intervene? Billionaires like Musk. NO THANK YOU SIR!!!!
I lost 300 dollars in the market today because of MMT 😢😢😢
Then you don't understand MMT. All my subscribers had a huge day.
MMT was absolutely disproven during the Biden administration. The same is true of Keynesianism in the 70s when we had stagflation which never should've happened using their models.
Why do all you communists have the exact same accent as Bernie Sanders?
Same club
We are supposed to be a nation worried about inflation. Tariffs are inflationary. And they always have been.
Long arms and a short torso is good for basketball ball handling, too.
Hi Mike, perhaps you could do a video about the increase in prices and a fall in the purchasing value of money, I.e. Inflation, without linking it to currency debasement. It should be good for a laugh. Ps. good luck with that.
I’ve got some Bitcoin to sell you.
According to Steve Keen inflation is caused by wage hikes and increases in the price of oil. In fact, he says that the data suggests that when the government spends there is actually deflation.
Inflation is caused when you get an increase in your wages, not me.
I remember those High flying Japan days in the 1980's. Japan was buying up all of the NYC real estate. We where afraid that they where going to take over the country.