Hayek on Milton Friedman and Monetary Policy

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Information Hayek on Milton Friedman and Monetary Policy

Title	:	Hayek on Milton Friedman and Monetary Policy
Lasting	:	4.57
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Views	:	229 rb

Hayek is completely wrong on analyzing Friedman here
Comment from : @ss193857

Crpyto-currency anyone? I see Donald Trump in Jan 2025 wants to make the US the centre of Crypto - this will rival the federal reserve who seem less willing to play ball with Donald than Donald would like so promoting a competitor will be fascinating to watch
Comment from : @njd2342

2:46 And now we have cryptocurrencies It’s an interesting experimentbrbrHayek was right about the old USSR, that their attempt to control prices was doomed to fail I wonder what he would have thought about China’s economic risebrbrThe CCP seems to generally accept market prices, but to try to control, or at least push and “guide” production It’s not really a command economy It’s almost a form of Supply Side Economics, with a big dose of Industrial PolicybrbrThat violates Hayek’s view to let the market decide, and to let price action guide those decisions But so far it seems to be working, at least in some ways A very interesting experiment
Comment from : @adamesd3699

Retarded that commments other retarded
Comment from : @sebastianbalbo1906

'His theories is based on' Sorry, had to stop there Can't even string a sentence together so how is he a giant of economics exactly, because he has wealthy friends like Rothschilds?
Comment from : @RobRyan-c3v

Hayek had a more spotty track record he believed in the now modern concepts of UBI and social safety nets too
Comment from : @mannyruiz8493

Cryptic Aheadof his Tim
Comment from : @kennethjbenton8641

i dont like this guy
Comment from : @hellhusk

Friedman based his ideas on the empirical data from studying economics He wasn’t theorizing but instead just stating the data Similar to many from the Chicago School
Comment from : @paulb9156

Contrary to Hayek's exoectations, most EU governments have given up their control of thejr currency Whether this has indeed led to improved economic conditions in those countries may be disputed
Comment from : @yoramgt

Friedman thinks same but more realisticallybrStatistics not everything but most
Comment from : @Tavsan123

OK, so we understand he would prefer no governmental monopoly on moneybrBut given the current monopoly, what does he consider the causes of inflation?brSince policy-makers have to deal with the existing situation
Comment from : @afritimm

"give me control of a nation's currency, and I care not who makes its laws"
Comment from : @l337pwnage

Monsters the pair of them Plunged millions into poverty Whats clever about that
Comment from : @blairarcher8952

Friedman is the average economistbrHayek is THE ECONOMIST
Comment from : @awatf8244

I supoose Hayek would like cryptocurrencysounds like exactly what he wanted
Comment from : @sean_haz

Beygo itimat fırça
Comment from : @Döşeme6

and there it is right there at the end: "abolishing the government monopoly of the issuing of money would deprive government of the policy of pursuing monetary policy" brLet the debt spiral ever upward until the very end
Comment from : @nickoutram6939

There are no facts in economicsjust subjective data evaluationssome standard base level, or underlying relationships, but it is a contravention to classify or clarify these as facts
Comment from : @user-SBURCHILL

BTC!!!!!!!!!!!!!!!!!!!!
Comment from : @shawnradke

Friedman has been fully vindicated in the past 3 years on his monetary policy predictionsbrAnd we have seen the competing currencies fall out recently
Comment from : @danielpye7738

A good Bitcoin prediction
Comment from : @TickBackupVideos

Jesus, what the MMT folks must think after watching this!!
Comment from : @corneliuspraeda6452

Not only Friedman but likes of Rothbard who are from Austrian school also rejected Hayek's TheorybrbrHis Denationalization of money was ignored and lost work but he was highly confident about it In 2009 came the Bitcoins and the cryptocurrency came up as empirical evidence to hayek's theory, in fact hayek's work is much more broader than to just cryptocurrency
Comment from : @yydd4954

What none of these ECONOMIST'S understand is it's not just business numbers it's HUMAN PSYCHOLOGY and none of them understand psychology of people spending money Why are there not any BILLIONAIRE ECONOMIST'S (or at least multi-millionaire), oh that's right their not CAPITALIST'S
Comment from : @zombieapocalypse3837

I would have loved to hear Hayek's thoughts on the few serious crypto projects that exist As well as hear him talk about government defending their monopoly of money in that contextbrAnd genius aside, you gotta love this man's sense of humor! Always subtle and good natured yet packed with a good slap on the face
Comment from : @eduardovaldez-modonese5517

Yes I get it ,,,make money into a competitive market in its self ,,,,and act as a mechanism to stop government monopoly of there issued currency ,,,,
Comment from : @willie8976

seems like he wld love crypto
Comment from : @AdityaSingh-gp4wq

what a boss!
Comment from : @savanahhh

Of course we've seen what Hayek was advocating with the "privatisation" of money with things like Bitcoin And it's been catastrophic
Comment from : @zeddeka

I find discussion on monetary policy and currencies very interesting It's so interesting how Gold became something that was desired yet had no real desirability for use beyond jewellery in the ancient world You can measure the value today as it's shown it worth in science and medicine
Comment from : @glennoc8585

I wonder what he would have thought of the glut of cryptocurrencies and the use of NFT structures that could yet dramatically change how conveyancing is carried out for physical goods and property
Comment from : @Hugh_de_Mortimer

I think that crypto is now doing what Mises wanted It is providng people with the tool to escape and take away the power of govt from the monopoly of money
Comment from : @jebremocampo9194

Crypto enters the chat
Comment from : @barneybrudenell8838

Did my boy Hayek over there just predicted the creation of the bitcoin (competing moneys) ??
Comment from : @svengroot3909

This is why governments want to see bitcoin destroyed
Comment from : @kulgan18

Stack sats
Comment from : @Ones_Complement

3:29 lets people decide which kind of money they prefer to use - of course we prefer bitcoin
Comment from : @wanaziz2277

Sifsd
Comment from : @michaelhiggins9805

Why does he sound like he's going to cry?
Comment from : @coindorni

0:12 - Sick burns from an old economist
Comment from : @ultima199g

I lecture Macro and Mr Hayek regards it as BS So I’m against him;)
Comment from : @lowersaxon

The Austrian School perhaps should work inside the economic discipline and try to mathematicize some of its elements—and eventually make Macroeconomics thoroughly Austrian—of Hayek’s wing however misesorg/library/next-generation-austrian-economics-essays-honor-joseph-t-salerno/html/p/540
Comment from : @jamesbancroft2467

Does anyone know how old this video is, and how old Hayek was at the time?
Comment from : @macsnafu

Wow! He was far ahead of his timecryptocurrency!!! I think I know what he would think of that
Comment from : @winonebud

I love Hayek --- Friedman was a fucking liar and a bagman for the globalists
Comment from : @19battlehill

Go, go, crypto!
Comment from : @emmettturner9452

At the end of his life, Friedman agreed with Hayek's point of view He wanted to abolish the Federal reserve and the concept of sovereign currency
Comment from : @piyushbanerjee2808

When you have to pay taxes, and other mandatory services, you have no choice but trade whatever currency you have into the established one, as Hayek saidbrbrIt's really simple, if taxes weren't a think, the Federal Reserve could go on about it's day printing dollars, no problembrbrFar fewer people would use them
Comment from : @georgiostsirtsidis1125

I need to study more When I hear Milton Friedman and Hayek speak I really feel out of my element
Comment from : @JRMusic933

"Money has many different meanings" lol :D
Comment from : @crazieeez

Prediction of Bitcoin is VERY accurate
Comment from : @jaisheh

How he would have loved to live in the QE era
Comment from : @mandykhoo2473

I respect Hayek and Mises by all means but Chicago School > Austrian School every day and twice on Sundays The Austrians are way too abstract, philosophical and metaphysical Translating their ideals to the common man is practically impossible The fucker barely understands Friedman
Comment from : @LazarNevski

I wish he had lived long enough to see the invention of bitcoin and alt-coins
Comment from : @waggawaggaful

So, Hayek is in favor of bitcoin?
Comment from : @williamreymond2669

This man was a genius!
Comment from : @amelglez5391

Salma really let herself go
Comment from : @mck160

talking shit
Comment from : @mikeallen7566

Sounds like a prediction for Bitcoin!
Comment from : @MrWoopydalan

The clarity of his thought is mind boggling!
Comment from : @sergiyavorski9977

Governments no longer issue money Its Private Central Banking that have full control of that now All governments can do now is issue bonds
Comment from : @marcusbullion5565

And here you have a crazy man whose theory has never been seen in the real world A man who did not look the evidence that everything he said is totally wrong
Comment from : @LuisSilva-rq5rw

german jews are so impressively smart its ridiculous
Comment from : @KidScipio

What did he say?
Comment from : @chestnutmountainboys

He was right, look at the success of cryptocurrency!
Comment from : @philipkarlsson4738

There is only economics! No micro or macro in fact
Comment from : @daboxer181

If you don't believe in macro economics, you probably shouldn't bother commenting on the whole subject
Comment from : @quietthomas

People have to remember that money is a commodity just like any other, and is therefore subject to the very same effects and principles of supply and demand We tend to view money a something different and separate, but this is a mistake, since it is simply another traded good and so should be viewed as such
Comment from : @51MontyPython

Hayek's voice is annoying to listen to This should be closed caption
Comment from : @trenchtownable

take the power back and give it to bitcoin, risking its corruption? :)
Comment from : @eKoush

Hayek and Mises were the true giants of 20th Century economics
Comment from : @jscottupton

interesting thoughts a multi-currency society Gee this economics is such a weird "science", in that there is soo many ways to approach both modeling a "laboratory"/analogue economy aswell as making conjectures about proper normative economics I'm actually starting to like Economics, for the first time in 5 years of studying it with great resentment now lol
Comment from : @Paretozen

No
Comment from : @ddstar

Any government can spend an infinitesimal amount of money to gain the majority of mining power from bitcoin Bitcoin is not a solution The solution is a mono-based commodity currency GOLD There are many reasons the gold standard was removed, again, removed, not "failed" Bitcoin has no value It is a perceived value just like paper money It's missing a majority of properties that make money, MONEY
Comment from : @ddstar

I think it is difficult to say that Hayek was wrong on monetary policy because it has never been tried Keynesianism certainly hasn't worked and it could be argued that, especially in recent time, some aspects of Friedman's monetary policy have not worked very well, but Hayek remains the one theory that hasn't been tried Primarily because it takes the power of the economy away from politicians, something they would never allow
Comment from : @445CR

Both Hayek and Friedman were wrong on monetary policy, i'm still with them on economic policy ;D
Comment from : @Lagunaaaaaaaaa

Government "help" is going to kill us
Comment from : @rbc13183

Issuing money is the most important role of government or any sovereign nation Right now commercial banks are in complete control of the money supply, they can cause inflation or deflation and we the people just have our heads up our asses and let them do it!
Comment from : @firstgenchevelleman

So you are in favor of the gold standard, fair enough Something that may happen someday, but I still think you are blaming the government for doing what the banks want them to do I agree, the government has done nothing well in a lot of this, but in my opinion neither have any of the major banks and major private bankers Private bankers like the Federal Reserve system just as much or more than any politician
Comment from : @PFB1994

So let me get this straight, you are glad that the private bankers run the Federal Reserve, because obviously bakers couldn't do it But you think the private bankers should also run a separate form of currency on their own? Wouldn't there be a huge conflict of interest when they can raise and lower the amount of dollars in circulation and know beforehand when that will happen, and therefore act accordingly to make the value of their own separate currency rise and fall?
Comment from : @PFB1994

Read the top of a dollar it says Federal Reserve Note
Comment from : @PFB1994