Comments on: RIP Milton Friedman

By: Ariel

Ariel — Thu, 23 Nov 2006 02:57:15 +0000

“This is the usual misinformation of Friedman’s accolytes. Please factor in cumulative current account deficit, trade deficit and outstanding foreign debt and forward liabilities.”

The problem is, you keep making authortarian pronouncements but offer nothing to back it up.

By: justaguy

justaguy — Thu, 23 Nov 2006 02:13:59 +0000

Hmmm, I thought Alan Greenspan was once a practicing economist. No? Or how about Ben Bernanke?

Oh! I get it. ;-D You’ve never met any practicing economists! Ha-ha-ha!
a guy in pajamas | Homepage | 11.17.06 – 12:37 am | #

Greenspan was respected as a central banker with a narrow policy remit.

There is much unease in international economic circles with regard to Bernanke. Printing money to pay foreign debt is a fool’s game. Your children and your grandchildren will pay for this.

The Bretton Woods system was adopted for sound reasoning. It was discarded hastily without good science and disregard for historical precedent. Friedman thought he had the answer to managing the risks.

We will see in the next 5 years whether he was right. I wouldn’t bet the farm on it.

By: justaguy

justaguy — Thu, 23 Nov 2006 02:02:37 +0000

Looks to me like there may have been a miracle in Chile after all.
Robb | 11.18.06 – 12:09 am | #

This is the usual misinformation of Friedman’s accolytes. Please factor in cumulative current account deficit, trade deficit and outstanding foreign debt and forward liabilities.

Only then will you have a figure worth working with.

Neoliberalism is a mirage that can only be justified with rubbery partial figures. It has never worked, anywhere, to anyone but the very wealthiest’s advantage.

By: Sergey

Sergey — Tue, 21 Nov 2006 23:57:12 +0000

“Nevertheless, Allende’s own refusal to obey and/or enforce more than 7,000 Chilean Supreme Court and other legistlative rulings (as detailed in the Resolution of August 22, 1973) indicate he had already begun ruling in a dictatorial style in defiance of Chile’s democratic government institutions.”
Exactly this endorsed Pinochet to implement the said Resolution. In chaotic situation just before the coup there were no democratic solution; the choice was between two kind of dictatorship: military of Right or Marxist party of Left, sponsored by Castro. Allende’s suicide was made by AK-47 that Castro personally gave to him. Everybody with knowledge of carnage which Marxist parties inflict everywhere when they came to power understand which choice is better.

By: Ymarsakar

Ymarsakar — Mon, 20 Nov 2006 08:37:13 +0000

it really is impressive how some people are willing to stand up for unpleasant dictators –

We’re just trying to make peace with the Left. Doing what they do. Hanging with the cool crowd, no?

By: neoneoconned

neoneoconned — Mon, 20 Nov 2006 01:22:39 +0000

“Most of the Pinochet victims were bandits or rabid revolutionaries a la Che Guevara, so to kill them was a noble deed anyway”

it really is impressive how some people are willing to stand up for unpleasant dictators –

http://en.wikipedia.org/wiki/Caravan_of_Death –

i am sure you feel this is the behaviour of freedom loving people

By: Sergey

Sergey — Sun, 19 Nov 2006 15:45:41 +0000

These sources indicate that Sudan became very important Islam terrorist training ground, only second after Iran.

By: Sergey

Sergey — Sun, 19 Nov 2006 14:59:24 +0000

“The United States is the largest international donor in Sudan, consistently providing 80 percent of all humanitarian assistance-and more than $1 billion since 2005.”

So, US actively cooperate with Susanese brutal, murderuos regime and give it huge sums of US taxpayers dollars. And Freidman was blamed for giving Pinochet his economic advice. I see here some hypocrisy. Do you?

By: Sergey

Sergey — Sun, 19 Nov 2006 14:47:47 +0000

Simply to give some measure for comparison, there were 3000 death cases in Chile during 17 years in a country with population 15 mln due government forces. In Darfur there were 200 000 death cases and 2 mln refuges in a country with population 7.5 mln during 3 years. I do not give any opinion there, I only rise a question: if Pinochet rule was a brutal dictatorship, how would you call Sudan regime? Make for yourself a simple arithmetic and find death toll ratio per capita per year for two cases.

By: Ymarsakar

Ymarsakar — Sun, 19 Nov 2006 07:55:25 +0000

Sergey isn’t offering informed opinion, he is offering information. Your logic doesn’t parse.