It's a damn shame, Sowell and Friedman should have been given the reins to run this economy for the last 50 years. You don't let that amount of wisdom go to waste.
14:08 "Nobody spends somebody else's money as carefully as he spends his own. Nobody has the same dedication to achieving somebody else's objectives that he displays when he pursues his own." - Milton Friedman
The Brown family's situation occurs more often than many might appreciate. I pray their little girl is now alive and doing well. I believe the welfare programs, in all their manifestations and good intentions, have had many unintended consequences in the lives of African Americans.
I keep watching this series and every time it gets better even though there is no additional information to it. Economists like Milton Friedman and Thomas Sowel are what a country needs to flourish. I believe that is the reason such intellectuals have been intentionally shadowed and ignored by media’s and public education systems because the facts that they present can’t be objected by the self interest groups.
I understand that this is the "full video" version, but I wonder if complete unedited sessions of the negotiations that follow the films may be available to watch. At any case I'm very thankful for you posting those videos, they are real treasure.
"the family breaking up", she says, looking Milton Friedman dead in the eyes, praying to god Sowell won't blind side her to school her on WHY the family, black ones in particular, broke down... If only. She went on to live the rest of her life without stepping down from her pedestal of righteousness for even a second. The best of intentions, nothing but misery to show for it and an inflated sense of self importance nonetheless
Watching the video tells us that fighting poverty or helping poor in this age is not an easy job and we have not yet developed an efficient strategy. Thanks for all those who made such a video available.
48:03 Sowell demolishes the often heard, pernicious elitist idea that some strata of society, usually the poor, are so incapable of understanding money and economics that bureaucrats are needed to make decisions for them.
It's highly plausible that welfare is the cause of such large families. Having children is like having a check from the government - per child. I don't think it's a coincidence that welfare and single parent households and number of children are correlated. It pays to have have children and be single (without a partner that might allow more stability.) If you cut out the welfare, it is likely that many wouldn't rely on SS/Welfare to take care of their large families. And it wouldn't pay to have so many children.
At 47:30 when the lady says people know how to use money to satisfy their needs and wants, she loses all credibility. If people knew how to do this, we would not have a poverty problem. I guess you would have to say that people knew how to wisely use money to satisfy their needs and wants. The reaction Thomas Sowell gives to her statement is priceless
"the system creates poverty"? And here I was thinking the system did the exact opposite and created wealth; it creates "inequities" in the sense that some people won't be as "poor"as they'd be as hunter gatherers. Poverty has no origin, it's the rule. Wealth is a bubble; an insulation from the cold, indiferent universe. Looking down on the downtrodden as if what they needed was a savior, and up towards the wealthy as they got there by taking finite wealth from others speaks more about one's ego than it does about societal problems at large
The opera singer is going to prove its importance. the piano player is going to prove its importance, the economist is going to prove its importance. I lost my voice when I found out a certificate, low end recruiter with Government certification is the one proving the engineers importance. So, thankfully, everything I say is backed by the system. So nothing new under the sun. Universities were the problem or Government telling the uneducated to vote, cause they will protect their rights. Whose rights are you protecting? Is poverty a choice? The child squeezed among adult voters who trying to say that he would really like to get a degree to fully fit in the society, now it happens that the stupid does not know that he is stupid, until someone grades him? Where are the graders if getting a degree is so expensive and Government would like the degree people to get hired. Perhaps Government should make the public education free of charge, so that no-one thinks of them as scammers. It is simply illogical! 2+2 is equal 4 everywhere in the world, and so there is nothing new under the sun! University professors came up with an excuse saying we do more within the measures of the time. How long does it take to learn a new language? Is this a university dependent or a person dependent? Person dependent! It took me a year to learn a new language. Today Ivy League universities promise an exposure some won't otherwise get, but when you get out of there, that exposure changes very quickly. Yes, get a good job and you won't see the dirty streets of Chicago and the poverty that it faces. Which one is healthier? Now you have Government officials who also received education in these Ivy League Universities that refuse to deal with reality that the poor have created with the conditions that the Government disregarded to consider as a problem. Lead poisoning is not a problem?
Is it me or are you American people really fond of socialism (in the form of social security)? xD whats this about refusing normal work based on the fact that one gets as much money doing nothing?! I don't get that. I would hate to get any financial support and would happily accept a job that payed less than social security just so I could feel good about myself and know I was actually doing something, instead of just cashing in on free checks. You lazy people. It is of course just a question of perspective and how you see things. I think its too easy for Milton to just blame the gov's good intentions (welfare), thats one very good intention, but what people do with it is something else, what of the abuse perpetrated by the very people getting these free moneys? Oh no, that wouldn't happen since our dear Milton here had an incredibly Rousseau'ian view of people, that they were apparently innocent and obviously influenced by their environment, that's too simplistic, he pretty much copy pasted Rousseau in saying "Good intentions are corrupted by bad means", in other words "good people corrupted by government", ironically he is the one who blames government for being patronizing to its citizens ... But I would agree with the rest he says.
It's not the love for socialism (at least not in the 80's) that drives people to welfare but rather it is plain and simple common sense that they will receive more money from welfare compared to the pay from a job. Professor Milton Freidman has never stated in this video that all people are good and hard-working but corrupted by the government. That is your own assumption. He speaks about the majority of people who would be better of without government intervention in their lives.
@@TheShadowFREEK in my third world country the government created an "universal scholarship" that gives money to students with an average score at the end of 3 months. It was creating to reduce the desertion and low scores... They failed, the amount of desertion have increased and more students are failing their subjects. They had good intentions with the money of others but they tend to fail always trying to control everything.
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This series is far richer when Thomas Sowell graces the panel!
It's a damn shame, Sowell and Friedman should have been given the reins to run this economy for the last 50 years. You don't let that amount of wisdom go to waste.
*Helen and Sowell arguing*
Milton: *takes out popcorn*
"I don't remember talking to people on welfare that were not being treated like children while they were on it" - Thomas Sowell.
It’s so nice to hear these people talking about a serious problem without any of the modern racial victimism
14:08 "Nobody spends somebody else's money as carefully as he spends his own. Nobody has the same dedication to achieving somebody else's objectives that he displays when he pursues his own." - Milton Friedman
The Brown family's situation occurs more often than many might appreciate. I pray their little girl is now alive and doing well. I believe the welfare programs, in all their manifestations and good intentions, have had many unintended consequences in the lives of African Americans.
A dose of tough love and honesty from Milton Friedman.
I keep watching this series and every time it gets better even though there is no additional information to it. Economists like Milton Friedman and Thomas Sowel are what a country needs to flourish. I believe that is the reason such intellectuals have been intentionally shadowed and ignored by media’s and public education systems because the facts that they present can’t be objected by the self interest groups.
I understand that this is the "full video" version, but I wonder if complete unedited sessions of the negotiations that follow the films may be available to watch.
At any case I'm very thankful for you posting those videos, they are real treasure.
I was wondering it too. Like an uncut version
"the family breaking up", she says, looking Milton Friedman dead in the eyes, praying to god Sowell won't blind side her to school her on WHY the family, black ones in particular, broke down... If only. She went on to live the rest of her life without stepping down from her pedestal of righteousness for even a second. The best of intentions, nothing but misery to show for it and an inflated sense of self importance nonetheless
Watching the video tells us that fighting poverty or helping poor in this age is not an easy job and we have not yet developed an efficient strategy. Thanks for all those who made such a video available.
48:03 Sowell demolishes the often heard, pernicious elitist idea that some strata of society, usually the poor, are so incapable of understanding money and economics that bureaucrats are needed to make decisions for them.
i fucking love sowell
Welfare state=Still treating you like an irresponsible child in 2020
Jo Jorgenson for President 2020
12% is a small number?! I want to take 12% of Helen's wealth kthx.
This is so informative.
Many welfare recipients would be much better off by simply having fewer children.
Indeed, but encouraging less children in certain groups is easily twisted into population control conspiracies.
It's highly plausible that welfare is the cause of such large families.
Having children is like having a check from the government - per child. I don't think it's a coincidence that welfare and single parent households and number of children are correlated.
It pays to have have children and be single (without a partner that might allow more stability.)
If you cut out the welfare, it is likely that many wouldn't rely on SS/Welfare to take care of their large families. And it wouldn't pay to have so many children.
God but I’m loving watching these debates!
Does anyone know what happened to Mr. Brown the hospital orderly?
Great episode. Too bad the time for the discussion does not allow for a more detailed explanation of why Friedman was so right.
I'm only 13:23 / 57:38 into this, but I can't help but be reminded of some of the Indian Reservations across the US.
At 47:30 when the lady says people know how to use money to satisfy their needs and wants, she loses all credibility. If people knew how to do this, we would not have a poverty problem. I guess you would have to say that people knew how to wisely use money to satisfy their needs and wants. The reaction Thomas Sowell gives to her statement is priceless
"the system creates poverty"? And here I was thinking the system did the exact opposite and created wealth; it creates "inequities" in the sense that some people won't be as "poor"as they'd be as hunter gatherers. Poverty has no origin, it's the rule. Wealth is a bubble; an insulation from the cold, indiferent universe. Looking down on the downtrodden as if what they needed was a savior, and up towards the wealthy as they got there by taking finite wealth from others speaks more about one's ego than it does about societal problems at large
The opera singer is going to prove its importance. the piano player is going to prove its importance, the economist is going to prove its importance. I lost my voice when I found out a certificate, low end recruiter with Government certification is the one proving the engineers importance. So, thankfully, everything I say is backed by the system. So nothing new under the sun. Universities were the problem or Government telling the uneducated to vote, cause they will protect their rights. Whose rights are you protecting? Is poverty a choice? The child squeezed among adult voters who trying to say that he would really like to get a degree to fully fit in the society, now it happens that the stupid does not know that he is stupid, until someone grades him? Where are the graders if getting a degree is so expensive and Government would like the degree people to get hired. Perhaps Government should make the public education free of charge, so that no-one thinks of them as scammers. It is simply illogical! 2+2 is equal 4 everywhere in the world, and so there is nothing new under the sun! University professors came up with an excuse saying we do more within the measures of the time. How long does it take to learn a new language? Is this a university dependent or a person dependent? Person dependent! It took me a year to learn a new language. Today Ivy League universities promise an exposure some won't otherwise get, but when you get out of there, that exposure changes very quickly. Yes, get a good job and you won't see the dirty streets of Chicago and the poverty that it faces. Which one is healthier? Now you have Government officials who also received education in these Ivy League Universities that refuse to deal with reality that the poor have created with the conditions that the Government disregarded to consider as a problem. Lead poisoning is not a problem?
Google Andrew Yang
Is it me or are you American people really fond of socialism (in the form of social security)? xD whats this about refusing normal work based on the fact that one gets as much money doing nothing?! I don't get that. I would hate to get any financial support and would happily accept a job that payed less than social security just so I could feel good about myself and know I was actually doing something, instead of just cashing in on free checks. You lazy people. It is of course just a question of perspective and how you see things. I think its too easy for Milton to just blame the gov's good intentions (welfare), thats one very good intention, but what people do with it is something else, what of the abuse perpetrated by the very people getting these free moneys? Oh no, that wouldn't happen since our dear Milton here had an incredibly Rousseau'ian view of people, that they were apparently innocent and obviously influenced by their environment, that's too simplistic, he pretty much copy pasted Rousseau in saying "Good intentions are corrupted by bad means", in other words "good people corrupted by government", ironically he is the one who blames government for being patronizing to its citizens ... But I would agree with the rest he says.
It's not the love for socialism (at least not in the 80's) that drives people to welfare but rather it is plain and simple common sense that they will receive more money from welfare compared to the pay from a job. Professor Milton Freidman has never stated in this video that all people are good and hard-working but corrupted by the government. That is your own assumption. He speaks about the majority of people who would be better of without government intervention in their lives.
@@TheShadowFREEK in my third world country the government created an "universal scholarship" that gives money to students with an average score at the end of 3 months. It was creating to reduce the desertion and low scores...
They failed, the amount of desertion have increased and more students are failing their subjects.
They had good intentions with the money of others but they tend to fail always trying to control everything.
it doesnt really matter what we think about social security. its being taken away from us and it would take a bloody revolution to abolish it