Friday, June 26, 2009

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:

At 6/26/2009 1:35 AM, Anonymous Mike said...

Unbelievable... If I didn't know better, I'd think this was a recent interview. Brilliant.

 
At 6/26/2009 4:21 AM, Anonymous Anonymous said...

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.

 
At 6/26/2009 8:07 AM, Anonymous Tom said...

Excellent. Thanks.

 
At 6/26/2009 8:21 AM, Anonymous Anonymous said...

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.

 
At 6/26/2009 11:08 AM, Anonymous Rand said...

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.

 
At 6/26/2009 3:30 PM, Blogger bruce said...

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?

 
At 6/26/2009 5:31 PM, Anonymous Jason said...

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...

 
At 6/26/2009 5:32 PM, Blogger 1 said...

"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...

 
At 6/27/2009 12:40 AM, Anonymous Anonymous said...

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.

 
At 6/27/2009 10:46 AM, Blogger fboness said...

Is Phil Donahue still sulking?

 
At 6/30/2009 12:34 AM, Blogger Benjamin said...

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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