Milton Friedman on The Phil Donahue Show, 1979
Part 2 here.
Part 3 here. (Starting at about 1:00 in this segment is the famous part where Milton Friedman "schools" Phil on "greed.")
Part 4 here.
Part 5 here.
In 1979, Milton Friedman appeared on The Phil Donahue Show and discussed The Great Depression, the New Deal, the auto industry, auto (Chrysler) bailouts, greed, Amtrak, auto emissions regulation and airbags, Ralph Nader, tariffs, free trade, price controls and gas shortages, oil companies, etc., and other topics that are still relevant today.
11 Comments:
Unbelievable... If I didn't know better, I'd think this was a recent interview. Brilliant.
So you'd let Sears buy KMart?! You'd let Sears buy KMart?! Are you insane?!
Wow. Hail Youtube. This whole episode was priceless, for many reasons.
Excellent. Thanks.
Wow. Reminds me that Mr. Donahue, early on, hosted interesting guests, rather than the mindless trash that the show turned into later. I remember Carl Sagan as a guest, discussing The Dragons of Eden. Long time ago, that.
Hey Anonymous:
Actually, K-Mart bought Sears! They only used Sears Holdings as the name.
I know, I used to be a Sears stockholder until they bought me out.
This should only remind us of the great absence of a clear and articulate voice, not afraid to take on "the consensus." Don't you find it amazing that all these same arguments must be made once again?
While the whole segment is a bit long to watch, it's amazing the timelessness of Friedman's commentary. 3 months ago, not 30 years ago...
"Don't you find it amazing that all these same arguments must be made once again?"...
Its maybe to late already to reassert common sense...
What strikes you is how clear-thinking and brilliant one guy is and how elitist, arrogant and dim witted the other is. I enjoyed this tremendously.
Is Phil Donahue still sulking?
Because Friedman has a consistent philosophy, you know how he will stand on an issue...such as federal deposit insurance. He preferred private-sector solutions.
If your mind is mushy, you don't get it.
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