Eric Holmberg: ‘Milton Friedman Tries To Help a Future Wall Street Occupier (1978)’

Source:Eric Holmberg– a young, idealistic leftist (let’s say) questioning Professor Milton Friedman in 1978.

Source:FreeState Now

“Churchill once observed, “If you’re not a liberal at twenty you have no heart, if you’re not a conservative at forty you have no brain.” Today we have a new breed of liberal, people who want the government and corporations to spend whatever money necessary to keep them safe, employed, housed. fed and healthy…and in possession of a smart phone. But if they knock up their girlfriend, they want to be able to dispose of the unwanted child as inexpensively (free would be good) as possible.

Milton Friedman, winner of the Nobel Memorial Prize in Economics, takes a moment and tries to get one young “99 percenter” to think through his presuppositions.”

From Eric Holmberg

If you around in America in the 1970s and survived it and aren’t currently incarcerated and are living a healthy, productive, independent, life, I congratulate you.

In late 1970s Ford Motor Company in order to save a lot of money and produce a lot of cheep cars and then sell them, produced the Ford Pinto. Which by today’s standards, at least doesn’t even qualify as an economy car, it was so badly and cheaply made. This car was so bad an unsafe to drive that the gas tank was in front of the license plat in the rear, meaning if you hit a Pinto in the rear, the car could literally explode.

What this kid in the video was trying I guess to find out from Professor Friedman was does he believe that there should be some real regulations on the types of cars that are allowed to be built and sold in America, given the experiences with the Ford Pinto, Mercury Maverick, Chevrolet Chevette. With Professor Friedman essentially making the at what cost argument: How much are you willing to spend to make sure that every American car is as safe as possible?