Check out this interesting exchange between Milton Friedman and Phil Donahue back in 1979:
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That should be played before every session of the House and Senate each day.
Posted by: RTH | February 27, 2009 at 11:00 AM
Classic! I wish I could see Phil's response.
Posted by: ed | February 27, 2009 at 12:31 PM
Longer version which includes Phil's "response" - he pouts - is here.
http://www.youtube.com/watch?v=RWsx1X8PV_A
Posted by: Fred | February 27, 2009 at 01:16 PM
Heh. Phil is obviously angry that he's being taken to school on his own national t.v. program, by a much smarter man.
Of course, Phil didn't learn a thing. He's a shrill leftist to this day. Still rich, though. I guess he wants to save the world with other people's money. Because...he's virtuous!
Posted by: therealjg | March 01, 2009 at 11:43 AM
He's right Countrywide, Lehman, and Bear et. al. all acted in their own self-interest and the taxpayers now pay the millions of bonus of others. In capitalism, the most fundamental building block is trust. Trust that mutual self-interests will work today. The greed of a few destroyed the system. Deal with it.
Posted by: Bob Smith | March 05, 2009 at 12:39 PM