Ep. 510: Milton Friedman Returns with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 730 Ratings
🗓️ 12 December 2016
⏱️ 87 minutes
🧾️ Download transcript
Summary
My guest today is Milton Friedman, one of Michael’s favorite dead guests to bring on the podcast. Milton foreshadows Uber, talks about the deep state (without mentioning the deep state), brings up airline service and monopoly. His solutions to problems in government 35 years ago were to cut government spending, hold monetary growth back and cut regulations. The same solutions to government are at the forefront of American politics today. Today, Michael curates two interviews between Phil Donahue and Milton Friedman. These interviews were recorded back in the 1980’s, but many of the points made are more relevant today than ever.
The topic is airline service and monopoly.
In this episode of Trend Following Radio we discuss:
- Government spending
- Liberty in trading
- Government regulation
- Unknowingly supporting private interests
- How to prevent monopoly
- Legalizing drugs
- Prohibition
Jump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.6 | Liberty is a passion of mine. |
| 0:38.3 | Forget trading for a moment. |
| 0:40.3 | If you don't have liberty in your mind, |
| 0:43.3 | you've already failed. |
| 0:49.3 | That true liberty feeling, which we might not ever find, is the goal. And one of my favorite people |
| 0:59.1 | that I love having on this podcast, even though he is dead, is Milton Friedman. I can't say that I |
| 1:08.4 | agree with every last word that Friedman says, but damn is he a smart guy. |
| 1:16.4 | Damn, was he quick as a whip? |
| 1:19.6 | He really thought clearly. |
| 1:24.0 | His expressions, what he would say. |
| 1:29.7 | Clear is light. |
| 1:31.4 | So clear. |
| 1:33.7 | He can take the complicated, |
| 1:35.9 | the complicated propaganda, |
| 1:38.2 | and break it down within seconds. |
| 1:41.7 | Today I'm taking two Milton Friedman appearances on the Phil Donahue show. |
| 1:45.7 | And for those of you that don't know, Phil Donahue was Oprah before Oprah. He was the guy that invented the talk show, the afternoon |
... |
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