Video: Milton Friedman answers a question about what rich people do with their profits

by The blogprof

Video: Milton Friedman answers a question about what rich people do with their profits: "

“Most of the energy of political work is devoted to correcting the effects of mismanagement of government.”
—Milton Friedman, PBS 'Firing Line' (October 9, 1988)

Via Michigan Capitol Confidential, watch Friedman school a class warfare shill:

Pretty self-explanatory, no? Other famous Friedman sayings:

“Nothing is so permanent as a temporary government program.”
—Milton Friedman, favorite saying

“History suggests that capitalism is a necessary condition for political freedom.”
—Milton Friedman, Capitalism and Freedom (1962)

“The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.”
—Milton Friedman, Capitalism and Freedom (1962)

“Inflation is taxation without legislation.”
—Milton Friedman, Comment on President Carter's plan to raise taxes to--reduce inflation (1979)

“Most of the energy of political work is devoted to correcting the effects of mismanagement of government.”
—Milton Friedman, PBS 'Firing Line' (October 9, 1988)

“Most economic fallacies derive ... from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”
—Milton Friedman with Rose Friedman, Free to Choose (1979)

“Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The scientist seeking to advance the frontiers of his discipline, the missionary seeking to convert infidels to the true faith, the philanthropist seeking to bring comfort to the needy—all are pursuing their interests, as they see them, as they judge them by their own values.”
—Milton Friedman with Rose Friedman, Free to Choose (1979)

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