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Town Square

Two minute video entitled "The Pencil" (on Capitalism)

Original post made by amy, Del Prado, on May 15, 2009

For those who criticize capitalism and the free market, I'd be interested to hear your reaction of this following short video by Milton Friedman.

Web Link

Comments

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Posted by Freedom Rings
a resident of Birdland
on May 15, 2009 at 10:00 am

Dr. Friedman was a remarkable man. As a student of economics, I try to share lessons like his with my two children. I fear they don't learn lessons like this in our public schools.


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Posted by Bad Business
a resident of Happy Valley
on May 15, 2009 at 12:39 pm

No doubt was a very intelligent man, but with a tendency to use hyperbole. Does anyone remember his debates with William F. Buckley Jr? I'll post more later.


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Posted by Freedom Rings
a resident of Birdland
on May 15, 2009 at 1:19 pm

Critical Thinking - Macro Economics 101. It's a shame that only two people who have commented on this video in the past three hours.

A proper functioning free market excacts heavy penalties for those that abuse it. With regrets, since the 1930s, we've moved far from free markets.

Risk/Competition/Reward

You can lead horses to water but you can't make 'em drink it!