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Milton Friedman - Deficits and Government Spending

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Milton Words 4 decades ago created DOGE today💪
Comment from : @aakk1164

and today, Dec 2024, the debt is $36 Trillion No one is listening
Comment from : @danallan2

Today, the debt is $35T
Comment from : @beng3345

I wish the debt was just $18 trillion today
Comment from : @brucevann7129

Absolutely wrong The limit on govt spending is inflation He also doesn’t understand credit creation and bases his logic on fractional reserve which wasn’t a thing since 1934 His theory of inflation is beyond illogical Yikes
Comment from : @jaymills1720

2:50 People don't understand that Milton here is arguing for biUBI/i/b
Comment from : @aliendroneservices6621

Interest rate payments are paid on us treasurys a literal savings account at the fed
Comment from : @TheChaosWatcher

Milton Friedman is an Old Remnant of the Gold Standard which the US government functionally went off of in 1933 and officially went off of in 1971 when France want actual Gold for all of its "Gold Certificate Dollars" and the Dollars were worth 4 times all the Gold America actually owned becaused of fractional Banking "There is nothing to prevent the Federal Government from printing as much money as it wants and giving it to someone, the problem is are the Goods and Services available which those funds would be used to purchase The Cash is there which is nice, but it has to be in balance with the resources to purchase" Alan Greenspan Under Oath refuting Paul Ryan's attempts to Justify privatizing Social Security
Comment from : @bargdaffy1535

Milton Friedman may be a brilliant economist, but like an undergraduate physics student, in making his analysis ignores reality Our economy is run by politicians with vested interests They must be included in understanding why the economy is what it is
Comment from : @MichaelRNYC

Bruh, everything that milton has said has fallen on deaf ears You could even say that they were listening but just did the opposite
Comment from : @mastershredder2002

2023: $32 Trillion We can't vote our way out of this
Comment from : @gaozhi2007

I wonder if every imagined the government would just print money instead of borrowing it
Comment from : @christophersandmann

3:47brThe priceless look on his face when he realizes what Milton Friedman is suggesting 😂😂😂
Comment from : @LovingPrinceTamayuki

he's insane
Comment from : @shway1

now, US debt surpassed 30 Trillion
Comment from : @newshot3191

SPANISH SUB PLEASE
Comment from : @leandrod3456

The mind of Milton Amazing
Comment from : @cmhardin37

F
Comment from : @tacsystems5621

Government debt is a problem because the loan and the interests are paid back by other people than those that spend the money from the loan It's stealing from future generations
Comment from : @robbedemey

take 27 trillion in 2021, im really sad for America
Comment from : @_monti142

So the debt is the symptom of the problem
Comment from : @merrileemcdonald448

The latest stimulus bill was 19 trillion The Iraq war cost taxpayers between 19 and 24 trillion The debt is not the issue, it’s how the money is spent Milton was a outspoken critic of the gulf and Iraq wars There’s no telling how he would feel about pandemic assistance but he did advocate for lower taxes I think he would agree tax credits and direct checks may be the best way to stimulate the economybrbrI don’t think the majority of y’all are picking up what Milton is putting down
Comment from : @johntighe3081

The debt is now closing in on $30 trillion
Comment from : @holidayman9486

Basically don't worry about the debt but worry about what causes the debt
Comment from : @rinopw4262

He didn’t seem to care about insulting them
Comment from : @romanmaroni1972

I am glad my teacher recommended this video
Comment from : @mh6024

It sad when a brilliant man like Professor Friedman slips in irrelevance We have enjoyed the longest run of economic growth and the lowest unemployment in history despite enormous deficits There must be something seriously wrong with Friedman's analysis
Comment from : @brucerosner3547

Buy Bitcoin 🙌🏻
Comment from : @aadiskywalker

The biggest spin doctor that ever lived
Comment from : @sumorley3485

They'll eventually be forced to run the inflation and dilute the real value of the debt through the inflationDishonesty of the first order
Comment from : @shadrana1

Simple Government should not spend more than it takes in See the Optimal Economist software program at wwwtranspowercorpcom and wwwamazoncom
Comment from : @Transpower

Deficits? What deficits?
Comment from : @wegder

Is this Donald Trump?
Comment from : @azark973

What an absolute crank
Comment from : @danilthorstensson8902

Obviously his advice didn't fall on deaf ears, because he's saying that debt doesn't matter and most of our current debt has come in the form of tax cuts during war time and economic stimulus
Comment from : @colesmith493

So keep my butt out of Walmart and I'll be better off Pure genius No really
Comment from : @jimhughes1070

FACT?
Comment from : @vincentreynolds2127

I am just glad I dont care about tomorrow
Comment from : @TOM-pn8sn

the fed is a ponzi scheme
Comment from : @randallskipper9474

Interest payment is good and government spending is bad?
Comment from : @ΧΡΗΣΤΟΣΠΑΥΛΟΥ-ρ9φ

To simplify:br(Numbers are way out, just think of them as percentages)brI make $100 a year, I spend $50 on taxes and $25 on food,brI have $25 left, I want to buy a $50 car, If I buy a $50 car I will be able to become a taxi and thus make $200 a year, which means I need to borrow $50 so my budget this year will end up being -$50, but next year I'll make $200 which I can pay back, meaning for a short time i had a negative bank account but now I make much more than I did beforebrbrIn short, a budget deficit isn't always bad, however, better money management would allow us to make more, For example, the USA would save billions of dollars if it cut spending on the military and spent it on improving healthcare Similarly, Australia would benefit in building more cities to allow for a bigger population and Canada would benefit from getting more immigration brbrShort term, it may look bad, but in the grand scheme of things, we are doing well It's all about good debt vs bad debt
Comment from : @thetrashmaster1352

Milton applying the household analogy to governments that are monopolist suppliers of their own currency through a central bank Anyone buying into this Monetarist garbage probably needs to loosen the chin strap on their tin foil hat
Comment from : @tdunster2011

Obviouslyyyy
Comment from : @rociojuarez5489

Yes, deaf ears😞
Comment from : @conservativetradesman9833

And if your right hand causes you to stumble, cut it off and throw it away It is better for you to lose one part of your body than for your whole body to go into hellbrbr— Jesus
Comment from : @maxcohen13

US and most of the world have always ran deficits When is the world coming to and end?
Comment from : @be4unvme

The federal government does not need to borrow in order to spend What the government can and has done for many years is create money out of thin air; this money can go into the economy to buy goods and services and not in any way cause inflation
Comment from : @bankstagangsta2032

Only Rand Paul would reduce government spending Everyone under 35 should vote for him for no other reason than that
Comment from : @fzqlcs

Thanks Milton
Comment from : @snowmanflo

A game of semantics to me One is the other The interest is the worst, not only for what that money might otherwise be spent on, but too, the way in which the whole loan structure to Gov kicks the can down the road hiding the true cost from people and giving them something for nothing from their point of view
Comment from : @vaughanstarr3725

So sad that so many of our Government officials have gone at break neck speed to do exactly the opposite of what Mr Friedman suggested
Comment from : @raiderrob672

Debt becomes spending, and the amount of that spending is difficult to really know Only the minimum can be known Milton was a crafty man, but this assertion is playing with fire a bit too much, heh
Comment from : @CaptainLazerus