Milton Freidman Explains to a Leftie College Student why Socialized Electricity does not Work - While Picking his Nose!

[Seymour Flops]

That is some world class multitasking.



We saw this "nobody gets cut off, even if they don't pay" during the Scamdemic. It was a disaster. People didn't have to pay, so they did not.

 

[shockedcanadian]

That is some world class multitasking.



We saw this "nobody gets cut off, even if they don't pay" during the Scamdemic. It was a disaster. People didn't have to pay, so they did not.

Nose picking is for those with deep thinking capacity I am sure I read somewhere. Either that or something in regards to health issues. Meh.

 

[Dante]

That is some world class multitasking.



We saw this "nobody gets cut off, even if they don't pay" during the Scamdemic (*cuckoo - my insert ). It was a disaster. People didn't have to pay, so they did not.

ALAN GREENSPAN, the Trickle Down GURU explains to follower of Friedman:

"In a 2008 congressional hearing following the financial crisis, former Federal Reserve Chairman Alan Greenspan admitted a "flaw" in his long-held ideology that free markets could self-regulate. He confessed to being in "shocked disbelief" that banks failed to protect shareholders, acknowledging he was partially wrong to oppose regulation."

 

[shockedcanadian]

ALAN GREENSPAN, the Trickle Down GURU explains to follower of Friedman:

"In a 2008 congressional hearing following the financial crisis, former Federal Reserve Chairman Alan Greenspan admitted a "flaw" in his long-held ideology that free markets could self-regulate. He confessed to being in "shocked disbelief" that banks failed to protect shareholders, acknowledging he was partially wrong to oppose regulation."

The issue is that foreign cheap labour is met with protectionism and control of the yuan. If the Chinese currency were left to market forces, it would be triple its value. China does not want to follow Japan and their yen which increased in the 1980s (for a number of reasons) and has never settled.

The fact is that China should NEVER have been allowed in the WTO. That has destroyed capitalism and the West the most.

 

[Dante]

The fact is that China should NEVER have been allowed in the WTO. That has destroyed capitalism and the West the most.

Some context:

AI SHIT SO>>> "China officially became a member of the World Trade Organization (WTO) on December 11, 2001, following 15 years of negotiations. As the 143rd member, this accession required significant, long-term adjustments to China’s economic model. While admitted with developing country status, its membership has remained controversial due to disputes over compliance and its economic structure."

So, you're saying the most populated nation on Earth (at the time), should not have been allowed in the WTO? Mercahnts would disagree, and consumerism which is what drive the American economy would also.

AI Overview:
"India officially surpassed China to become the world's most populous nation in April 2023, according to United Nations data. As of early 2026, India's population is estimated to be over 1.45 billion, continuing to grow while China’s population has entered a decline. India now has the world's largest population"

 

[shockedcanadian]

Some context:

AI SHIT SO>>> "China officially became a member of the World Trade Organization (WTO) on December 11, 2001, following 15 years of negotiations. As the 143rd member, this accession required significant, long-term adjustments to China’s economic model. While admitted with developing country status, its membership has remained controversial due to disputes over compliance and its economic structure."

So, you're saying the most populated nation on Earth (at the time), should not have been allowed in the WTO? Mercahnts would disagree, and consumerism which is what drive the American economy would also.

AI Overview:
"India officially surpassed China to become the world's most populous nation in April 2023, according to United Nations data. As of early 2026, India's population is estimated to be over 1.45 billion, continuing to grow while China’s population has entered a decline. India now has the world's largest population"

They are communist, lied and have never abided by WTO rules.

Tes, they should not be in the WTO.

 

[Dante]

They are communist, lied and have never abided by WTO rules.

Tes, they should not be in the WTO.

Wow!

USA is Lily White, Like Trump's old. fat, arse eh

 

[HikerGuy83]

Wow!

USA is Lily White, Like Trump's old. fat, arse eh

How he gets that big butt in your head, I'll never know.

But he's there, all of him, 24 hours a day.....rent free.

 

[HikerGuy83]

ALAN GREENSPAN, the Trickle Down GURU explains to follower of Friedman:

"In a 2008 congressional hearing following the financial crisis, former Federal Reserve Chairman Alan Greenspan admitted a "flaw" in his long-held ideology that free markets could self-regulate. He confessed to being in "shocked disbelief" that banks failed to protect shareholders, acknowledging he was partially wrong to oppose regulation."

and...?

 

[Seymour Flops]

ALAN GREENSPAN, the Trickle Down GURU explains to follower of Friedman:

"In a 2008 congressional hearing following the financial crisis, former Federal Reserve Chairman Alan Greenspan admitted a "flaw" in his long-held ideology that free markets could self-regulate. He confessed to being in "shocked disbelief" that banks failed to protect shareholders, acknowledging he was partially wrong to oppose regulation."

Kewl.

I was wrong then. Free electricity for everyone!

Seriously, the solution to that is to not allow owners of corporations to avoid liability for what heir companies do, and to not have (or sharply reduce the limits of) FDIC insurance, which allows banks to blackmail the taxpayers into bailing them our.

I call that less, not more, regulation.

 

[Toddsterpatriot]

ALAN GREENSPAN, the Trickle Down GURU explains to follower of Friedman:

"In a 2008 congressional hearing following the financial crisis, former Federal Reserve Chairman Alan Greenspan admitted a "flaw" in his long-held ideology that free markets could self-regulate. He confessed to being in "shocked disbelief" that banks failed to protect shareholders, acknowledging he was partially wrong to oppose regulation."

Did he oppose the regulations that forced Fannie and Freddie to buy so many subprime mortgages?

 

[psikeyhackr]

Haven't economists socialized Demand Side Depreciation since 1950 by ignoring it?

There were 200,000,000 motor vehicles in the United States in 1995. Where is the data on the annual depreciation since 1950?

 

[Toddsterpatriot]

Haven't economists socialized Demand Side Depreciation since 1950 by ignoring it?

There were 200,000,000 motor vehicles in the United States in 1995. Where is the data on the annual depreciation since 1950?

Nobody cares.