Milton Friedman Schools Young Idealist - 2 (Stanford)
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- เผยแพร่เมื่อ 3 เม.ย. 2011
- In this archival Free To Choose Network footage, Milton Friedman takes Q & A at Stanford University. The classic exchange might as well have taken place yesterday. The young man's questions get to the heart of tension between the values of liberty and equality -- a tension that is still with us. Friedman dissolves egalitarianism by pointing out a simple fact: wealth redistribution creates state power elites, not equality. And the fact of coercion remains.
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Remember - the kid might be wrong, but he's polite. He asks his questions and listens to the answers. It doesn't happen today. Today's students have been taught to ruin/disrupt... not to discuss.
A libertarian economist getting rounds of applause at Stanford? Times HAVE changed.
Sad to say,but if MF came to a college these days he’d be called a fascist.
Trigglypuff!
Can you imagine this type of civility in today's college campuses? SJWs etc would scream randomly in the middle of this exchange, call him a racist, a bigot etc and forcefully shut this down.
True. But it's not a coincidence that the leftist ideas of yesterday, however politely and intelligently argued, ultimately resulted in the leftist behaviors of today. Because at root leftism has always been an intolerance of human nature and natural law in general.
Really? In Poland hopefully this would not happened, as for now... Because we can see that Poland is also going this way :/
Replace SJWs with conservative cry baby beeches. They suck arse.
I didn’t even know that leftists could argue with points and thought and reason. I am wrong looking at these Milton videos. Leftists used to do it.
Capitalism, the ability to move up (or down) from one class (income) to another. Collectivism, the ability for *all* to be moored in the same slavery class for a lifetime.
The world is a much poorer place without Friedman in it. He was a real gem.
"a society that aims for equality before liberty will end up with neither equality nor liberty" utterly brilliant
I worked for two companies, both started by immigrants, one a Cuban and one an Australian. They had come to US with nothing, earned engineering degrees by scraping by, worked for a while then started their own engineering practices, eventually hiring others to build companies, one in Houston and one in Dallas. Forty years later they are millionaires. That their paths were similar is indicative of the greatness of America, where someone can start with nothing, work hard and build a fortune.
"It is not immediately easy to become in the wealthy class."
You don't say.
Heaven forbid he had to work hard or come up with a successful idea to be wealthy. He is entitled damn it, so let him enter the wealthy club immediately.
Sit down, Ché.
😂😂😂
lol....... It's him!
lol! love it. Internet gold.
you killed me ^^
beakt 😂😂😂✌🏼✌🏼✌🏼
I like this because they're both so soft spoken and respectful to each other. No shouting, no anger, no nothing. Just a good solid disagreement and bridge to understanding
One thing I love when watching Milton Friedman educating and correcting these young skulls full of mush is that he never berates or condemns them. The only embarrassment or humiliation they suffer is simply a byproduct of Dr. Friedman correcting them or pointing out the hypocrisy in their arguments. He never went out of his way to humiliate them no matter how easy it would be.
Listened to this twice to watch the guy in red shirt behind questioner as some here said about. Listening to this twice, MAN, Friedman has a way with words!!! He spoke on a level of kindness and sincerity towards this young man in a manner that was far above his vocabulary concerning his question. In other words Friedman did not speak down to him at all. He pauses as he speaks at the right time to let it sink in and then continues, all in kindness. He never be littles in anyway. This was back when you could talk to students. Today the students shout and cuss and are incapable of reasoning.
I had the great pleasure in 1995 to meet Dr. Friedman. The meeting is a wonderful memory that will always be one of my most cherished.
The government should mandate that you shared more of that experience with the rest of us.
Ah! The olden days when the socialists were a distinct minority in universities.
You may want to look up the history of the 1960s and 70s in the American university. I don’t know about numbers but the communists/socialists of those days were way more extreme than the soft punks we have today. The problem we have today is a direct line from the 60s and 70s.
When you talk about equality but your parents can afford Stanford
Yea, I was wondering how much mobility his parent saw since they were his age. I am guessing that anecdote alone should sort him out, if he could realize it.
> I am guessing that anecdote alone should sort him out, if he could realize it.
No. It actually legitimizes his point. His parents most likely grew up in the 50s and 60s. That was a time when marginal tax rates went well above 70%. Friedman was an advocate for the policies that stunted mobility given that mobility went down starting in the 80's.
Yep
@@aa888zz marginal tax rates went above 70%..... for the very wealthy. Average Joe's family didn't pay that.
I can never understand the schmucks that get bamboozled by the far left. Always advocating for a powerful central government that confiscates a considerable chunk of someone's income...... only to squander it on big, bloated government programs that fail miserably nearly every time. Could someone point out a socialist "success" story? One that didn't murder vast swaths of it's own (and quite often other's) population and/or didn't turn away from socialism? Oh, that's right, there aren't any...... except those that are still struggling like Venezuela.
The quality of professors/lectures has gone down somewhat since this lol.
The eternal truth in academia is that gems -- free thinkers and people who will happily challenge the views of the majority -- are always found in a steaming pile of dog shit who resent the gem.
..and even more the quality of students.
joe shmo Yeah... only somewhat though...
wish we could bring him back from the other world.
Gross understatement
"Society which tries to achieve equality before liberty....." Great Quote
Man I wish we had Milton Friedman around today..... Amazingly wise.
Almost 40 years ago he said this...everything he said is absolutely true, as it was then, as it was before his time, and as it is now.
Except that the amount of cronyism has gone up much and the free market ideals relegated to theory.
I know so many people who were in poverty and worked their way into riches. Only in America, what a great country we live in.
what a great quote. "A society that aims for equality before liberty will end up with neither equality or liberty." A takes from B to give to C and takes a commission along the way. Priceless.
Modified from Ben Franklin's statement regarding liberty and security. But still good. Friedman was awesome.
4 Years late but I think you meant that A and B shall decide what C shall do for D. Except that they take a bit of a comission off on the way.
Thank you Milton Friedman for the statement of A society that aims for Equality before Liberty will end up with neither! .. sounds like the society of Karl Marx and Frederick Engels or Mao of China, Stalins USSR aka Russia and the Fanatical N. Korea. Castro Cuba or Venezuela. Failures in equality. Failures in Liberty. Failures in freedom of speech
@@michaelangeloright704 And the EU 5/10 years from now. America is blessed with Trump.
@@michaelangeloright704 But.. but... but... "that was not REAL communism....! Because REAL communism is good!"
8.6 out of 10 American millionaires are first generation...so there's that...
betaomega04 SO THATS LIE
leandrro Alright, Troll.
Prove me wrong.
betaomega04 thats a 1996's very distorted statistic,
it includes all the pension funds and the price of your house to call you a milionaire, when in fact youre low middle class
if you have a pension fund worth 700k + 250k house + 50k are you a milionaire ? technically yes,
but can you eat at a nice restaurant at least once a week? no , can you drive a luxury car, wear luxury goods of any kind? no,
you are only a milionaire because your father had 600k (pension + house) in the 70s and your grampa had 100k in the 40s, and inflation just made you overtake the 1 million barrier,
you are in fact a low middle class with 30k annual income, far far away from the "millionaire" definition you want to make, please go lick rich people's balls somewere else
leandro b Actually, the statistic I'm using was published by the CATO Institute in 2011.
At no point did I try to "[define]" what a millionaire is. But since you don't actually know what a millionaire is, I'll use some basic accounting terms to explain why you have no idea what the hell you're talking about.
The title of "millionaire" is defined by your net worth. Your net worth is determined by your assets minus liabilities, and it has almost nothing to do with your income or your ability to buy stuff. Your income is simply the means by which you accumulate wealth. If you have a higher income, the rate at which you can accumulate wealth increases significantly, and vice versa. If your assets, less liabilities, exceeds $1,000,000, then you are classified as a millionaire. If your net worth exceeds $2,000,000, you are classified a multi-millionaire. It is possible for someone with a modest income to invest intelligently and eventually have enough liquid and real assets to give them a net worth of over one million dollars. It really is that simple.
Pension funds, like 401k and Roth IRA, are considered assets, however they are not considered liquid assets until you reach the qualifying retirement age.
The equity in your home is contingent on the balance of your mortgage. If you still have a mortgage, then you technically do not wholly own your home because you do not have the deed, and therefore would not count towards your net worth even though you will have accumulated equity. Once the home is paid off, it would count as a real asset.
Moreover, I can clearly see that coveting has taken you very far in life. LLAP.
betaomega04 do you always spend time saying obvious things?
you tried to make a point in defense of the rich saying that 80% are first genegration, meaning that the rich or the 1% are good people that have earned their wealth by merit and not inherit it
your point in defense of the rich is completely false because your definition of milionarie includes mostly low midle class people.
One of those videos where you watch, listen and at the end just smile and nod at the exceptional wisdom.
The wisdom Mr.Friedman espouses is needed today desperately.
Stevan Shipp Yes, indeed!
That moment when you realize, you aren't as smart as you though you were. lol
That won't stop him from probably becoming a teacher and passing his idiotic ideology on to his students.
@@fredpearson5204 In Canada a large percentage of university professors in Humanities identify as Marxists, so you are exactly correct except that it is already happening. STEM and trade school instructors and professors are almost always free market capitalists, who understand the value of work, and individual initiative. Equality of opportunity is a good thing, but equality of outcome dictated by the state, is always bad.
@@briggsquantum - There are 3 stages of equality: Equality before the law, equality of opportunity, equality of outcome.
The more you move from equality before the law towards equality of outcome, the more state power (intervention, action, etc) is necessary.
And equality of opportunity means everybody has to endure the same terrible government curricula, some level of socialism and quite some level of taxation. Equality of outcome means based on collective, statistical results, the starting points and circumstances of groups is micro-managed. Equality before the law means people including politicians, bureaucrats, academia and other state officials don't just get away with some level of unethical behavior and corruption all the time.
Pick one and abandon the rest. Or pick a compromise between two, give up half of both and abandon the third.
I actually don’t see him as smug. He’s a young man who’s been fed socialist lies and respectfully asked a question based on what he’s been told.
Who’s to say he didn’t learn from this encounter with this great economist in the same way that many of us learn from watching old videos with him?
I've had many of those moments, it's a great opportunity to become a better person.
Kids could likely learn more valid philosophy, history, and economics by listening and reading Friedman than they will in 15 years of compulsory "education."
I have lived in poverty. I was willing to move to get a better job and I worked on becoming better at that job. Therefore, I have risen above poverty because I didn’t believe the situation I was in had to be my future.
"For the real person"
lol
One of my favorite Thomas Sowell quotes goes something like "You cannot measure equality of opportunity with equality of outcomes"
So true
The best schooling I've ever been a witness to. Once you learn REALITY through commonsense, life becomes a dream come true.
People in the comment section are just full of hate and because of that have completely overlooked the beauty of this dialogue.
Irrespective of whether one agrees with the student or the teacher in this discussion, there is a lot one can learn from both of them.
The student was able to put across his question with confidence without getting intimidated but at the same time respectfully. On the other hand, the lecturer acknowledging that the question is nuanced went on to rebut it without any sense of condescension.
These etiquettes are completely absent in every dialogue nowadays. We never listen to what the opposing party has to say and we lack basic respect for individuals. Hence all our discussions remain completely fruitless.
Even the title of the video is simply aimed at humiliating the opposition.
Wow! Friedman was to economics what Einstein was to physics!
Yeah.. including the "Building en engine of chaos" thing...
John Smith friedman has little understanding of how socialism enhances and protects from capitalism while having great knowlege of free markets
He has little understnding of how socialism enhances and protects from capitslism i.e denmark. But great knowledge of free markets
John Smith you just noticed ? What's even more genius us he can talk to ppl who don't know economics. Einstein can't explain physics
to me
@@lloydallgood5608 DENMARK IS NOT SOCIALIST!!! Neither are any other Scandinavian countries. Not even close. Please tell me what industries they have nationalized? They have extremely high taxes and a huge welfare state, but other than that they actually rate pretty highly on most measures of economic liberty. When you hold up Scandinavian countries as models of economic success, you argue IN FAVOR of the merits of Capitalism.
I love watching the guy behind him in the red jacket. His facial expressions are priceless while the idealist is talking lol
Tom,I said the same exact thing....the guy in the red,is hilarious@
Tom Swinford That guy is a jerk. They would've kicked him out except he's a legacy admission.
@@rokyericksonroks not really. It's just hard to listen to someone while you can't understand their point easily
This was so long ago. Both guys are in their 60s now. The guy in the red jacket is likely a doctor or some other productive person. The young idealist is probably a college professor encouraging students to block roads in the name of "equality"
What a tragedy that young people today have to be convinced that freedom is desirable.
Such an influential thinker he was. Would love to have debates like this with someone. Cheers...
When you watch a lot of these Friedman clips from his university visits, you start to see the pattern of students regurgitating what their professors told them in other classes, such as through the language they use to label certain things. The idealism is expected among younger students, but it's so obvious that they're repeating what they heard in their classes. The complete lack of foundational understanding within the science of economics is mindblowing.
Milton Friedman is an absolute boss. That kid shit himself talking to this great.
the amazing trait about friedman is that he never destroys people with a condescending attitude. he seems always calm and confident in his knowledge.
dekubaner That is the best part. I would be honoured to get mentally destroyed by this guy.
No, I doubt that kid shit himself; I think perhaps he did experience nausea, in realizing that toads like Friedman existed, who would cynically make any argument, including ones they know are dishonest.
Friedman was a sellout who received millions from corporations to make phony arguments defending them; particularly car makers making deadly vehicles. How does this make him a "boss" of anything?
The kid was simply regurgitating age old Marxist propaganda that some envious bitter old professor spoon fed him. He was to stupid to ever realize he was in over his head. He left there a hero in his own mind.
What? This guy wants to get immediately be part of the wealthy class, and blaming those who already are?
That was sooooo refreshing. 👍
I don't think I've seen anybody lose a debate that bad haha
Keep watching
+Chumlee ThePrankCaller what do you expect? The guy is a typical young-naive albeit idealistic socialist.
They just can NOT comprehend how the real world & human nature actually work
BiL Zenovic said a lefty communist
+Chumlee ThePrankCaller the kid was visibly very nervous so that definitely added to the fragility of his argument
watch Cenk U. from TYT. he has never won one. he gets stuffed even harder.
Where is the kid now? Is he now a free market lover? Does he teach his kids to not be dumbasses? I don't know but at least he had the courage to speak for what he thought to be right.
Yeah so did Hitler
He's probably living in California running a pot farm while his son attends college rallies holding "F-Trump" signs.
Living in Mom's basement, beating off to The View
So did all tyrants in history.
A and B decide what C shall do for D - brilliant!
I enjoy watching me Miltons videos, I enjoy learning.
VERY well put!
Young idealist? Is that the PC word for "Young Asshole?" I guess if the guy is still alive, he probably has a NEGATIVE net worth, and lives exclusively off the taxpayer.
Neah...once you get out into the working world, you learn to resent all those you are working so hard to support. He's probably a capitalist by now. God, how I hate the ambulance that everyday visits my neighbors (who don't work).
Looks a lot.like John Kerry actually.
I'm still smiling over your initial question. Love it!
Sad that we still have not moved past this debate. And even sadder, we most likely will not move past it until people like this student get their way and only then, in the midst of the rubble of the aftermath of their philosophy, will they maybe realize, “I was wrong.”
Brilliant man. It was nice to see him speak without being shouted down.
"it's not that easy to become wealthy" yeah duh, create something of value that people are willing to pay money for, and don't expect a handout from the government.
Having an interest as I do in anthropology ,that last camera shot was priceless
Holy shit.
It's like I'm watching Milo. Except he doesn't swear. The student sounds like he's from 2016. These ideas aren't progressive in the slightest if they're older than most college students...
pfffft comparing Milo to Milton, is comparing a mountain to a lightweight
I like Milo but get real, Milton had an intelligence that is no where to be seen in politics/economics today
I love Milo but it is an insult to Frieddman to compare the two
ever heard of the 60's
if milo wasn't drug addled, was a serious academic instead of a troll, and had an extra 30 or so IQ points.
Outstanding sir!!
These were prophetic words from Mr. Friedman.
It's not immediately easy to do anything.
Except that the revolutionaries don't think like that!
When I was a high school senior, our free enterprise teacher used to use Milton Friedman to bring home points of our economic system. Always enjoyed listening to him.
And decades later we’re still having the same conversations.
I especially like what you said about volunteering. I've been a volunteer all of my life. My legacy is good, I have no shame. I am an American woman, and proud of it. I love my country.
Yes, ppl are brainwashed. A total sense of entitement!
The sense of Entitlement(s) is born out of laziness, greed, envy and a good dose of cowardice. Self professed progressives just will not accept the honest reality of life. That is that one is only entitled to the fruits of his own labor. If they want "more" out of life then they must set personal goals, get off their lazy rumps, and muster the courage to invest sweat, talent, treasure in pursuit of those goals.
Ferris Bueller wishes this was his Day Off
A free people will never be equal, and a people made equal will never be free.
This man changed my entire outlook at politics and economics with one book. Thank you and RIP Mr Friedman!
"A society that aims for equality before liberty, will end up with neither equality nor liberty." Milton Friedman
These were Stanford students??? Forget about their beliefs. I'm just in shock that they can't formulate a question properly and have to resort to crib notes
lol
I just can't get over how cool all of these people looked back then.
While admittedly simplified, his answer is brilliant.
They dont make professors like they used to...
To think people think Milton hits a home run here...LOL
Brilliant!
"We shouldn't argue on the basis of factual false premises." That line might help solve problems today
3:13 The young Social Studies prof in front: "Oh sh!t, he's right !"
We are looking at many future Socialists, at best.
Unfortunately we are looking at a lot of current socialists because these people were filmed in three decades ago and are now professors, politicians and such.
Bruce Armstrong Nah. When I was his age I thought I knew everything too. Some people grow out of their immaturity, some don’t. Sometimes depends on how much weed you smoke.
Wonderful!
Those last statements by Friedman were priceless...
I am always amazed at children trying to one-up adults.
Man, the Freeloaders have been hard at work since that long ago?!
That student is still protesting for his education loan to be forgiven 😂
The fact that your parent were able to help you is a direct result of living in this democracy. Do you see now?
I love how the crowd all around him shames him. Just as it should be.
This student probably works in government now, trying to regulate and restrict businesses.
Freidman is spot on - the mobility from middle class to poor is at an all time high in the USA.
GENIUS
Wealth is built by hard work and breaks. 70% of millionaires are self-made, not by inheritance. It is equal parts of perspiration, inspiration and divination (luck.) I worked for two companies, one started by a Cuban and one by an Australian. They came to US as young men, earned engineering degrees, built up companies and after 40 years are millionaires, but it took a long time. If you want instant wealth, buy a lottery ticket, but then you are counting on 100% of that 'luck' factor.
LOL "freedom to well being" is an oxymoron. freedom means you do whatever you want. if you want to not work and be poor, you have freedom to do that. freedom to well being? thats the opposite of freedom. asking for an outcome that is not caused by one's actions.
When the dialogue and discussions were possible.
He knocked the dude off balance when he corrected his statement. He almost couldn't finish his question
Laughs in 2019 income inequality.
Capitalism
“We can’t make money if you don’t make money.”
Socialism
“Give us your money.”
Believe what you like, but the most extraordinary thing here is that anyone is allowed to speak their minds quietly and without being yelled at. Unthinkable, these days, and I agree with many comments posted here.
When you are young you feel and tend not to think.
The lesson here is not to Parrot your teacher who is not capable of creating goods and services..
Its funny.....these interactions still play out almost exactly the same
We're still playing this stupid game where these children think they know better from 1-3 years of schooling vs those who've been researching the same content for YEARS
Some things never change.
Wow amazing.
milton “facts and logic” friedman
ask Chile how Milton's economics worked out for them and dont stop there the fact is time has proven his ideas to be failures
I love the look on the face of the guy with the red jacket sitting behind him.
A great man
"equality as opposed to liberty" 🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦
Kid in the red sweatshirt, LOL. Love his facial expressions.
You have to be free to fail if you so choose, it’s a dark perspective but a true one that must be understood if you are to better your station honestly, maintain it, and even have a chance to pass that accumulation of wealth of knowledge on how to the next generation.
I wish I could have a beer with Friedman. This stuff is even more relevant today