milton friedman

I recently watched this video of Milton Friedman explaining why he thinks that raising the minimum wage actually hurts poor people: ca8Z__o52sk Okay, I do not understand this at all. Why would employers start hiring over-qualified employees, just because the minimum wage is higher? If the...

dZL25NSLhEA Milton Friedman making his famous arguments against FDA and regulations in general. But i disagree, i think we need regulations, i am happy we have institutions that do test things, for example electrical components must meet certain standards for it to be allowed to be sold. What...

The full quote is: "The Federal Reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933." - Milton Friedman Bolding mine. Usually, people are banging on about how the Fed "prints money when they feel like it" and causes...

Caroline Baum finally says what I've been thinking. Although she's talking about the Fed here, everything she writes goes double or triple for Japan.

In an email debate I'm having right now, I was sent the following youtube clips as evidence AGAINST Friedman and my own side (I've been asked to defend certain aspects of libertarian philosophy). To me, these videos SUPPORT Friedman's arguments, but for some reason my opponent refuses to agree...