Milton Friedman explains role of gold in Great Depression.
Milton Friedman explains what happened during the great depression and what the role of the federal reserve is during economic ups and downs. This is from a 10 hour documentary series which can be viewed online at: http://...
Friedman is niave if he thinks the federal reserve was just mistraken and did not want a depresson.In fact they enginerred the whole thing because they wanted a colapse.
frontier1701(July 5, 2009 at 12:51 am)
Keynesian economics is voodoo crap....
XXXpimptaddyone(July 3, 2009 at 6:47 pm)
No one is worth the money these elite asshole republican gated community BMW pricks make. They do not work hard. they make money off the sweat of other people. It is only due to a system that forces people to work for slave wages that they can make $200k plus a year. Hard to respect someone when they are stupid and believe evolution and global warming are lies; and when they talk to an imaginary friend name jesus. They are lambs and I am the lion and one day us lions will kill the rich lamb
Anythingwilldo41(June 20, 2009 at 11:01 pm)
The U.S never sells its gold.. I wonder why?
SadeTabitha(June 16, 2009 at 6:27 am)
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specialks1953(May 31, 2009 at 10:42 pm)
Offatwork, Thanks for your comment !I thought I something smelled a little Fishy about this video and myself wondered why it is cut short. I felt that Mr. Friedman surly must be headed somewhere other than to just say he believed in Keynes approach alone.Any system needs checks and balances within it to prevent abuse !I don't want, nor do we need Obummer to ride in on some Lame ass Horse. Socialism is not the answer and that is what he is forcing.
Offatwork(May 29, 2009 at 8:43 pm)
I think it's also important to note Milton's stand on WHY Keynes succeeded. He believes our current system is designed in a way to wait for the man on the white horse. Paul Volcker chairmen of the fed, in the Carter years, reduced inflation when others were saying it cannot be done. Keynes, who came at the right time to save a system that many said, could not be done. Our system is designed in a way to hope for the man on the white horse to come, Milton wants a way where that man isn't needed.
EXXONEFTROS(May 29, 2009 at 3:24 am)
At 2:43 look Milton sit on million dollars of gold, He was certainly a VIP at the Federal reserve, this man was important so they let him touch the gold.
theredraven(May 29, 2009 at 2:22 am)
Why wait 15 years when the so called "NWO" could just do it now?Or maybe this NWO isn't quite so big as it's supposed to be?
Offatwork(May 26, 2009 at 5:56 am)
This video is trash. It distorts everything that Milton intended to say; shame on the person who posted. It was conveniently cut short: Milton went on to say that Keynes was indeed a great man but he would be absolutely ashamed at the level of spending our country has gotten ourselves into. Milton says that if he were alive for only one more decade, he may have convinced his disciples into changing their ways, preventing the inflation explosion that was to follow.You should be ashamed, poster.
TynesCarney(May 22, 2009 at 6:22 am)
does anyone know the name of the full video that this clip is taken from?
Civsuccess2(May 19, 2009 at 12:46 am)
SearchChina's dollar trap: Lessons from France's 1920s sterling trap on googlefor detail of British's decision to abandon Gold Standard.