It's A Saturday Morning Bonus Podcast For 10-12-24
The Michael Berry Show
KTRH
4.8 • 2.3K Ratings
🗓️ 12 October 2024
⏱️ 91 minutes
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| 0:00.0 | The Michael Berry Show I don't care what you learned in school |
| 0:05.8 | I don't care what you were taught what you've carried with you. There is nothing more important you could have learned in school than the teachings of Milton Friedman, my hero, my |
| 0:19.3 | idol. |
| 0:21.2 | These are |
| 0:29.0 | that 99% of Americans will never even be exposed to. |
| 0:38.0 | Inflation and illegal immigration are the issues in this election. Two economists understood inflation better than anyone. Thomas Sol and his mentor, Milton Friedman's greatest contributions came in, I would say, monetary theory, consumption analysis, |
| 1:00.1 | and more generally kind of the role of government in economic policy. |
| 1:06.0 | Ramon, do you say economic or economic? |
| 1:09.0 | You say economic? I like to go back and forth. |
| 1:12.0 | Milton Friedman is best known for his support of minimal |
| 1:17.4 | government intervention in the economy. His position being policies should promote individual freedom and market efficiency. |
| 1:29.0 | It's very easy to think government ought to come in and solve these problems, |
| 1:35.0 | but the government trying to solve the problem makes it worse. |
| 1:40.0 | Milton Friedman believed that with free markets minimal governmental intervention, |
| 1:48.2 | you would foster economic growth and personal liberty. |
| 1:52.6 | And I'll give you an example when the automobile |
| 1:57.9 | was being manufactured. |
| 2:00.2 | That scared the buggy whip business because if you were in the buggy whip business. |
| 2:03.0 | Because if you were in the buggy business, |
| 2:05.0 | you're making good money manufacturing buggy whips. |
| 2:09.0 | All of a sudden, cars come along. |
| 2:12.0 | You're thinking, well, that's going to put us out of business. |
... |
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