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Why did that bank fail? Hmm. In 1907 JP Morgan started the panic by setting the rumor that a bank was in trouble and then they had a run. Same freakin' tricks at another time. The reason for the bank runs was that traitorous ass FDR kept raising taxes! He raised taxes I believe 9 times, all the way up to 90% for the top bracket! He stole everyone's gold at 22 bucks, then raised the price of gold to 35 bucks.
The irony is, Friedman lays out perfectly what's been going wrong and then in the end he comes to exactly the wrong conclusion. Because following Keynes government did provide stability. By doing the right things, not the wrong things.It's amazing how someone can analyze the situation perfectly and then come to the completely wrong conclusion in the end.Like someone who tells you: "Hospitals didn't use to know about germs in the old days and so inadvertently infected and killed a lot of people. But then they learned about germs and didn't make the same mistakes again. Therefore hospitals will always do the wrong thing. Down with hospitals!"Wait, what? What?! WHAT?!! What brought that last claim about? What?!?
check out Sasquatch Brothers and leave a comment, if you want a real life lesson !!..tell us what you think
banks- biggest con in history
Modern economics seems to be about who gets the blame...
Dear prof. Friedman in the heaven? We took your advice in 2009 Recession and "Occupy Wall street" happens coz those banks CEO that ruined the economy were running out the backdoor with the taxpayer money. And guess who the government spending goes to now? The big private company that got fat from the taxpayer money. They are so far bigger than those bureaucrats in your days so they can make the government pay up what they want by using their influences called "Money & Politics". They also free to spend on (aka "bought") any politician they want without having to care about their fellow countrymen tax dollars, their lives(in a war with foreign countries) or even ruining the world. And you also can't get a fair debate because they already bought most of the media too. So basically they can do what they want because they are free, they are the Pira-...ah I mean... Private.Sincerely.Your later generations and the next that couldn't make it.
Today he would be call fascist by we know who ...Internet vs Socialism Internet wins by a land slide, watch.
My grandparents and their friends said money wasn’t a problem. Many people had plenty of money, but there just wasn’t anything to buy with it because the factories shut down.
History has a way of repeating itself. At the early stages that led up to the Great Depression the Federal Reserve Board refused to help prevent the collapse, and they did nothing to prevent it from spreading and getting worse. Now we are facing another possible Depression in the year 2019 - 2020.
Kill the Fed.
It was a manufactured event, entirely intentional.
lol, Milton says deflation is not a healthy condition (7:05) but spends half of his life decrying inflation. Well, it can't be static, Milton baby
the federal reserve let the banks fail to gain consolidation over banking system for the major banks who were shareholders in the fed, never let a good crisis go to waste.
It's literally a ponzi scheme.
In this game, only the jews win
Was the United States bank on Delancy street?
This is why we need the gold standard.
Lessons from the depression?We still haven’t learned We are headed for another depression only ten times worse
This man is a quack, the federal reserve is owned by private bankers, John Kennedy wanted to eliminate the FR and he refused to follow the deepstaters and go into Vietnam. Friedman push the Nixon administration to go off the gold standard. There was another depression in ‘74, after we ended the Vietnam war- Food /gas/ interest rates went wild.if you dont believe me read the newspaper adds to See the prices at that time.
This guy is a phuckin liar.