Nobel Prize Winning Economist Milton Friedman On Lord Bernanke: "My Preference Would Be To Abolish The Federal Reserve" (2006)
Feb 10, 2011 at 5:51 PM
DailyBail in Federal Bankruptcy, bernanke, bernanke, deficits, fed, federal debt, federal deficit, federal reserve, federal reserve, federal reserve investigation, ilton friedman, video

Video - Excerpts from an interview with Hillsdale College President Larry Arnn on May 22, 2006, in which Friedman discusses the dangers of big government and advocates abolishing the Fed.

In Friedman's defense, his comments on Bernanke were before the bailouts which Friedman would have hated passionately were he still alive.

And to Friedman's discredit, he was a brash supporter of free markets who didn't anticipate the massive fraud that would result from bad regulators and non-existent regulation.  Witness markets for CDS, derivatives and Goldman Sachs creating synthetic CDOs designed to fail, to name a few examples.

We must have punishment and jail time for criminals, or greed has won.


Video - MPP interview with Nobel Prize winning economist, Milton Friedman on Marijuana and drug prohibition.


Charlie Rose - An appreciation of Milton Friedman


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