It is with this in mind that the now-famous appearance of Milton Friedman on the 1970's Phil Donahue Show popped into my mind. It shows that, contrary to what many people want us to believe, Barack Obama is not some brilliant economic visionary. His arguments are the same ones that have been made between the left and the right for decades, and they are the same ones that Phil Donahue makes in this video. Today's left is just regurgitating the same old arguments they have always made. They're just counting on a new generation that is ignorant of that fact. Thus, these video to show that the new is the same as the old.
The first video is a short segment in which Friedman addresses "greed", completely obliterating Donahue's argument against capitalism.
The second video is the entire show, and is equally entertaining and educational. Well worth the time to set aside the 45 minutes to watch and to acquaint (or reacquaint) yourself with this great thinker, especially the under 30 crowd who may not have heard of this great man. God knows, our current educational system doesn't teach this stuff anymore.
Milton Friedman on Greed
Posted by Brian