Sunday, 11 October 2009

How to Deal With Knee-Jerk Big Government Journos



Gotta love that Milton. A pint-sized giant.

PS If the comments bar isn't showing - dunno why, but it does this sometimes - doubleclick on the title and the post plus comments will appear. The idle blog follows a full-comment policy.

73 comments:

Anonymous said...

Who is the hateful little creep interviewing him?

He's like a low-rent American Malcolm Muggeridge wannabe in a Bernie Ecclestone wig.

lilith said...

I trust YOU Idle. Gowaaan, make us all really rich :-)

idle said...

Welcome back, lil. We missed you, save for that gurning photo on Calfy's blog.

Will you be clad in Levantine garb when we next meet?

No idea, lakes. Dodgy barnet.

lilith said...

Sadly not, Idle. I tried to buy a goat hair handwoven robe embroidered by a Palestinian women's collective but Calfy wouldn't let me. She said I would catch it on something the first time I wore it and be inconsolable. I managed to find you a very small and typically Syrian souvenir though :)

Philipa said...

Thanks for your reply, Idle :-)

Superb chap on the vid (being interviewed). Excellent find.

Welcome back, Lils. Will pop by immediately..

William Gruff said...

The tit in the wig is clearly out of his depth, hence, I suppose, the frantic swimming motions and goldfish like mouth movements, but Mr Friedman is not entirely correct.

What has lifted humanity from the dust and the jungle is not Capitalism, itself a fairly recent development, given the span of human 'history'; it is the ability of singular individuals to inspire and lead others, to recognise and promote and reward useful talent and to predict when and where things might go tits up, and to take steps to prevent them doing so. That has been true under every economic system that humans have lived by, not just a 'Capitalist' one. It is also true that every civilisation that has grown to depend upon a bloated army of treasury funded servants has collapsed in quick time, whatever the economic base.

It is also true that it's the same the whole world over: 'It's the rich wot gets the pleasure and the poor wot gets the blame' (I write as a very poor man), but that is a price the poor have generally been content to pay for as long as 'the rich', whoever they are, do not get above themselves.

William Gruff said...

PS: Casting back over the last year's posts I'm moved to ask if you would burn a copy of 'Meddle' for me?

Savonarola said...

Friedman. Thank him for the global bull market in Govt bonds that ran for the decade of the 80's and beyond. Thank him for the era of low interest rates that allowed economic expansion from Shanghai to Santiago and all places in between.

In 1990 I managed to squeeze into a place on Paul Volcker's dinner table at a NY function(arranged by the late Gilbert de Botton). Mr Volcker rescued the US financial system by the simple expedient of telling Jimmy Carter to stop the printing presses in 1979 when US Treasuries yielded 15% and War Loan maybe 17%. He gave credit, when I asked him, to Milton the Monetarist.Of course Maggie followed suit advised by her guru Alan Walters himself a Friedmanite.

Sorry to bore you with this. It was a great joy to watch this clip. Socialists just cannot accept the truth of the position.

Philipa said...

Idle - thanks so much for your excellent comment on my Lisbon treaty post. I found this article interesting and beg your indulgence to flag it up to all readers: http://my.telegraph.co.uk/clothcap/blog/2009/10/04/lisbon_ratification

Savonarola - I didn't find your comment boring at all.

Philipa said...

Sorry, having a bit of trouble; link is here.

idle said...

Not boring, savo. Not boring at all. This blog is read by such interesting and well connected folk.

Consider it done, Wm. Drop your details to idle3@talktalk.net and I'll post it.

Vinogirl said...

MF...a dude who really knew what econmomics was all about.

Electro-Kevin said...

Sadly a lot of so called intelligent people hold the view that capitalism is the cause of poverty and not the other way around.

A completer reversal of the truth.

Climate change is the latest attack by these people on capitalism.

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