NOBEL PRIZE WINNING FREE-MARKET, ECONOMIST MILTON FRIEDMAN VS. SOCIALIST PHIL DONAHUE
CS - So much fun to see a real genius match wits with a pseudo, self appointed genius. It's really not much of a match-up. A free-market capitalist versus a socialist. Donahue looks like the old RCA dog, with the tilted head. It looks like he was hearing sound for the first time.
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Yet the Fed (Federal Reserve) still clings to the “core rate” of inflation, which strips out the essential costs of life when setting monetary policy. (CS - But they don't lie! And they are never called to account for the lies and the destructive effect those lies have on ordinary peoples lives)
As the famous economist John Maynard Keynes used to say, “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
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From Carpe Diem blog:
"Civil rights used to be about treating everyone the same. But today some people are so used to special treatment that equal treatment is considered to be discrimination."
~Economist Thomas Sowell
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