Milton Friedman Schools A Young "Michael Moore"
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Note: I think the reference to Michael Moore is figurative, not literal.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, March 27, 2011
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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9 Comments:
Just loving how he's (likely) unintentionally flipping Moore the finger at the same time.
He was still ugly when he was thin. And it's amazing how when the argument is two sided, how bad Michael Moore can look. Now I know why he makes "documentaries."
is it more dangerous to drive a Pinto or to be 100 pounds overweight?
What's really fascinating about the video is the completely foreign concept of risk to the anti-corporate, free-enterprise hating bloc in this country. They refuse to understand if the risk of creating a product reaches a critical point, the product wouldn't be made. And, perhaps worst of all, they delude themselves into believing we would be better off without it altogether if ONE human life is lost.
Could we have had a Ford Motor Company if trial lawyers were as powerful in 1904 as they are today? Or if the regulations and laws were in place? We would all still be driving horse and buggies.
The latest lunacy in this trend is the proposal to require rear-view camera systems in all cars. This MAY, might, perhaps, save ~50 lives a year at a cost in the hundreds of millions to car manufacturers. To save lives lost due to DRIVER negligence. Never mind you are more likely to be hit with a bolt of lightening than run over by a reversing car...
There's a reason innovation is more expensive than ever. We should be streamlining innovation, not crushing it's spirit.
Wait, woow, is that really a young Michael Moore?
If so, I'll be the one to say it, he's kind of let himself go a bit. ;-)
Jason
"The latest lunacy in this trend is the proposal to require rear-view camera systems in all cars."
I agree that requiring such a system is just more government meddling, although they may help avoid accidents. The problem is the same one we have now, that a driver must look at the screen to determine what action to take, just as they now must check mirrors and turn to look behind.
I much prefer this type of system that sounds an audible alarm as you approach an object. This should alert a driver whether they are paying close attention or not.
Many cars already have them, and they appear to be fairly inexpensive aftermarket items as compared to a camara system.
The one on my truck sounds at about 1 second intervals when I am about 4' away. The interval decreases as I get closer until it is a solid tone at about 1'.
When backing out of parking spaces, people walking behind me have triggered this alarm, allowing me to stop, and saved them from the delay caused by having to pick themselves up off the asphalt.
Wow! The poor kid was an absolute dolt!
I can't help but wonder if his parents let him play with plastic bags when he was very young...
"is it more dangerous to drive a Pinto or to be 100 pounds overweight?"...
Gee bix what if someone is a hundred pounds overweight (whatever that might mean) and then climbs into a 'working' Pinto (a rarity in this day and age) and drives off, what are the odds then of encountering a fiery death?
Speemaster, good to see a another fan of Omega watches browses the forum.
Ron, the system can prevent accidents, sure. But people PAY for this today. People won't pay if the system is mandatory. This takes profit and turns it into loss...
I don't remember Mike looking like that, and I knew him when we were both in high school, so, no, it is not him. I even provided some material for him when he ran the Flint Voice, but I was never as interesting or as moronic as Ben Hamper/Rivethead.
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