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R.I.P Milton Friedman

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Double post. Delete.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Didn't know much about the man beforehand,tbh only heard of his name. Sounds like your typical neo-liberal who had some dodgy support for a Chilean dictator, quite a smart man who had a few good notions. Won't shed tears for him or celebrate his death, R.I.P.

    Thatcher on the other hand, well that's when the party starts. ;)
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Disillusioned wrote:
    Counterpunch is hardly a balanced source, it's quite clearly driven by its ideological agenda...

    How predictable.
    Disillusioned wrote:
    Interesting interview with Friedman. Friedman's wikipedia page citing his memoirs says that Friedman 'expressed a strong disapproval of local political situation' in Chile.

    Yes, Friedman is hardly likely to admit in public to supporting a brutal dictator is he? :rolleyes:
    Disillusioned wrote:
    Anyway Friedman believed freer markets led to freer people, Chile lacked free markets - this led to dictatorship, and the then freer economic policies he influenced led to subsequent political freedoms.

    Wtf?!?!? :eek: Your interpretation of history is worthy of Stalin in its revisionism! To claim that Allende's socialism led (in some ill defined abstract way) to Pinochet is barking mad. Pinochet was quite clearly funded and supported by the US government and by people such as your hero Friedman.
    The fact that you can dismiss the rape, torture and murder that was carried out in the name of "freedom" so lightly makes me quite sick tbh.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Disillusioned wrote:
    Anyway Friedman believed freer markets led to freer people, Chile lacked free markets - this led to dictatorship, and the then freer economic policies he influenced led to subsequent political freedoms.

    btw Dis, paraphrasing wikipedia so closely makes you look rather daft
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Blagsta wrote:
    btw Dis, paraphrasing wikipedia so closely makes you look rather daft

    Did I? I dunno, I took a look at the wikipedia page earlier as other than a brief lecture a while ago now I have not really studied Friedman but I am familiar with his basic premise that the freer the market the freer the people...And I have a basic understanding of his influence on the late, great Ronald Reagan and Lady Thatcher.
    Blagsta wrote:
    The fact that you can dismiss the rape, torture and murder that was carried out in the name of "freedom" so lightly makes me quite sick tbh.

    With the exception of foreign policy tbh I agree with much of the platform of the Libertarian Party. I don't support or dismiss torture, rape or murder, nor do I support persecuting the 'bourgeois' as some of your idols do.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Disillusioned wrote:
    Did I? I dunno, I took a look at the wikipedia page earlier as other than a brief lecture a while ago now I have not really studied Friedman but I am familiar with his basic premise that the freer the market the freer the people...And I have a basic understanding of his influence on the late, great Ronald Reagan and Lady Thatcher.

    Merely repeating it like some kind of mantra, won't make it anymore true.
    Disillusioned wrote:
    With the exception of foreign policy tbh I agree with much of the platform of the Libertarian Party. I don't support or dismiss torture, rape or murder,

    But you do dis, you do very much support it. It's part and parcel of supporting Friedman and the economic reforms in Chile.
    Disillusioned wrote:
    nor do I support persecuting the 'bourgeois' as some of your idols do.

    LOL! :D Who might my "idols" be, pray tell? :D
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    How does privatising the water supply in Bolivia for example, lead to a freer people?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    his idea of you cant spend your way out of a slowing or ruining economy, isn't really being followed these days, since instead of benefits, the american goverrnment (who are the ones who preach his economic theory) are trying to spend to boost their economy through their military
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Yep, monetarism was pretty much a failure and is fairly discredited now.
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    Teh_GerbilTeh_Gerbil Posts: 13,332 Born on Earth, Raised by The Mix
    Disillusioned wrote:
    Although a Chilean Castro would have unleashed even more violence...

    ...In terms of the economic growth that has made Chile the relatively prosperous, peaceful and democratic country it is today Pinochet and Friedman actually deserve a lot of the credit.

    AHAHAHAHAHAHAHAAAA.

    I bet you wouldn't even credit Mao or Stalin with the frankly amazing economic work they didn't to thier countries, the building of industry and infrastructure, and you even overlook the damage Thatcher did to the British Industry.

    You can be an odd bean at times.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    wheresmyplacebo wrote:
    his idea of you cant spend your way out of a slowing or ruining economy, isn't really being followed these days, since instead of benefits, the american goverrnment (who are the ones who preach his economic theory) are trying to spend to boost their economy through their military

    The US uses a discretionary monetary policy/nominal anchor regime.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Like most people, some good some bad.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Blagsta wrote:
    Yep, monetarism was pretty much a failure and is fairly discredited now.

    Well Europe must be behind the times then, the ECB follows a monetarist economic policy.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Hmmm, it seems you're right, my bad! That'll teach me for not checking my sources. :o
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Although some sources do suggest it has fallen out of favour and is discredited.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Monetarism originated from the idea of trying to control the money supply. That part was discredited due to its difficulty.
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