Friedman on poverty, greed, free markets and Capitalism. Too bad he's not around anymore to explain away the ideological failure of free markets aided and abetted by the captured ruling class. The Kleptocracy won again, Miltie. Did Friedman imagine and calculate for the distortion of free markets when greed and control of regulators could mean a $3 billion paycheck for John Paulson. And did greed propel Paulson to collude with Goldman Sachs to create 'shitty CDOs' that were designed to, and succeeded at, failing. Or were they just having some fun with Timberwolf and Abacus.
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Goldman Hearings boiled down to 5 minutes...
Mash-up clip. Seven hours in 5 minutes.
Further reading...