What is Digg?Sponsored by NerdyShirts.com
Buy "Nintendo Family Tree" T Shirt view!
nerdyshirts.com - The Genealogy of Nintendo on a T Shirt
6 Comments
- sheeplescareme, on 01/29/2009, -3/+15pity that so few people use their telly for anything so useful as watching c-span. that was an excellent interview.
- nkleffman, on 01/29/2009, -1/+12It sounds like the last caller has read Naomi Klein's 'The Shock Doctrine'.
She is mistaking Milton Friedman's Supply Side Economics with true free-market economics.
Ron Paul subscribes to the Austrian School of Economics. Examples are Carl Menger, Ludwig Von Mises (predicted the great depression in 1928), F.A. Hayek (predicted the stagflation of the 1970's in 1969), Peter Schiff aka Dr. Doom (Predicted the dot com burst, and the current housing bubble) and many others you've never heard of...
The main difference between these two schools that both claim to be free-market is that the Austrian School says that money is a commodity that has qualities that give it the property of "money", so in effect, anything can be money, as many things have been money, from sugar to tobacco to silver to horse shoes to gold... Similarly, the interest rate should be set by the free-market, as it is a natural result of the ratio of the people that have money to loan, versus the people that want money to borrow, and those people's respective time preferences of money... versus the Keynesian / Friedman proponents who say that money should be fiat (by government decree) and the money supply and the interest rate should be micromanaged and dictated by the government. - Waiting2awake, on 01/29/2009, -2/+10Continues to makes sense in all the areas of importance. It is always a hard transition from critic to leader, but I really had hoped he would have made a bigger impact in the States.
- boulder555, on 01/30/2009, -0/+6'We spend a Trillion dollars a year maintaining a World Empire and the Republicans and Democrats are complicit in refusing to seriously examine the wisdom of current foreign policy.'
- thecoolestguy, on 01/30/2009, -0/+3Naomi Klein unfairly attacks Friedman. Friedman in fact favors a free market currency and abolition of the central bank.
- reed311, on 01/30/2009, -9/+3More MSM propaganda.
© Digg Inc. 2009
— Content created and posted by Digg users is