Monthly Archives: October 2012

The real truth about Obamacare can be seen on the www.thedailyhatch.org

Michael Cannon on Medicare and Healthcare

You want to know the real truth about Obamacare then check out these videos and articles linked below:

American people do not want Obamacare and the regulations that go with it

In this article below you will see that the American people do not want Obamacare but yet it is being crammed down their throats and all the regulations that go with that too. Sickening Regulation by Michael D. Tanner Michael Tanner is a senior fellow at the Cato Institute and author of Leviathan on the […]

Arkansas Times praises good results of Obamacare

Gerard Matthews wrote on March 21, 2012 in the Arkansas Times: Children cannot be denied coverage because of a pre-existing condition. Young people can stay on their parents’ health insurance plan until they are 26 years old. Preventive services, which will ultimately help control health care costs, have been added to some plans at no […]

Brummett is arguing over the chairs on the Titanic as Obamacare will surely bankrupt state

Michael Cannon on Medicare and Healthcare In his article, “Medicaid and the consequences,” Arkansas Democrat-Gazette, March 20, 2012, (paywall), Brummett admits, “Medicaid will break the bank of state government if we don’t do something.” However, he never gets around to saying that Obamacare is going to ruin the state financially. It will expand this failing […]

If the Democrats want to back Obamacare then let them go down with the ship

On March 19, 2012 Jason Tolbert pointed out that the Democrats in Little Rock were using Obama’s talking points concerning Obamacare, but it appears to me that they go down with the ship according to the mood in the country. Take a look at this fine article from the Cato Institute. In this article below […]

Setting Biden Straight on Obamacare’s Anti-Conscience Mandate

Setting Biden Straight on Obamacare’s Anti-Conscience Mandate Uploaded by HeritageFoundation on Mar 3, 2012 Vice President Biden didn’t get the story quite straight. As the Obama Administration reels from the backlash for Obamacare’s anti-conscience mandate that forces religious employers to provide coverage and pay for abortion-inducing drugs, Biden yesterday set out to convince America that […]

Obama’s affordable lightbulb

It seems that government was in control of the desert then we would have a shortage of sand as Milton Friedman used to quip. You Keep Using the Word ‘Affordable.’ I Do Not Think It Means What You Think It Means. Posted by Michael F. Cannon The federal government gave a $10 million “affordability” prize […]

Brummett misses the boat on Obamacare again

Uploaded by HarrysRetroArchive on Aug 7, 2010 The stooges join the “Women Haters” club and vow to have nothing to do with the fair sex. Larry marries a girl anyway and attempts to hide the fact from Moe and Curly as they take a train trip. Director: Archie Gottler Cast: Marjorie White, A.R. Haysel, Monte […]

Brantley is wrong about Republicans losing debate on Obamacare and conscience

Religious Liberty: Obamacare’s First Casualty Uploaded by HeritageFoundation on Feb 22, 2012 http://blog.heritage.org/2012/02/22/morning-bell-religious-liberty-under-attack/ | The controversy over the Obama Administration’s anti-conscience mandate and the fight for religious liberty only serves to highlight the inherent flaws in Obamacare. This conflict is a natural result of the centralization laid out under Obamacare and will only continue until […]

“War on Women?”

Religious Liberty: Obamacare’s First Casualty Uploaded by HeritageFoundation on Feb 22, 2012 http://blog.heritage.org/2012/02/22/morning-bell-religious-liberty-under-attack/ | The controversy over the Obama Administration’s anti-conscience mandate and the fight for religious liberty only serves to highlight the inherent flaws in Obamacare. This conflict is a natural result of the centralization laid out under Obamacare and will only continue until […]

Is anything “free?”: According to Obama there is

Somebody will pay. You can bet on that. Obama’s Political Prophylactic Posted by Roger Pilon “White House compromise still guarantees contraceptive coverage for women,” reads theWashington Post headline coming out of President Obama’s press conference this afternoon. Trying to tamp down the escalating political storm his administration created three weeks ago when it ruled that, under Obamacare, employers with […]

Single-Payer healthcare system work? (Free Market response, Part 2)

_____________________________________________________ I would like to respond the idea of a single payer healthcare system by quoting from David Hogberg’s article “Free Market Cure – The Myths of Single-Payer Health Care.” He notes: A single-payer health care system is one in which a single-entity — the government — collects almost all of the revenue for and pays almost all of […]

 

10 questions the Heritage Foundation would ask in the Presidential Debate

Excellent questions!!!

Amy Payne

October 3, 2012 at 9:05 am

Tonight’s debate between President Barack Obama and former Governor Mitt Romney is supposed to focus on domestic policy, with a major concentration on the economy. Health care, the role of government, and philosophy of governing are also on the agenda. The Heritage Foundation’s policy experts have submitted 10 questions they would like to see asked in the debate.

1. In 2008, then-candidate Obama said, “Under my plan, no family making less than $250,000 a year will see any form of tax increase.” In reality, President Obama’s signature health care law contains 18 new or increased taxes and penalties that will cost taxpayers $836.3 billion over the next 10 years, many of which fall heavily on the middle class. In fact, almost 70 percent of those responsible for paying the fiercely debated individual mandate are below 400 percent of the federal poverty level. Should these tax increases be stopped to protect middle-class Americans from their damage? If yes, where would the money needed to help pay for Obamacare come from?

2. Millions of baby boomers are starting to retire, and spending on Social Security and Medicare as these programs are currently structured is simply unsustainable. What is your plan to solve the looming entitlement program spending crisis?

3. Medicare as we know it today is facing severe financing problems that are unsustainable and putting future generations’ Medicare benefits in jeopardy. Over the long term, Medicare has made $37 trillion worth of promises to seniors that it cannot keep and the hospital insurance trust fund will be empty by 2024. Worse, the President’s health care law will cut Medicare by $716 billion over the next 10 years to pay for new spending in Obamacare. As Medicare’s solvency hangs in the balance, what structural reforms, if any, are you willing to make to preserve Medicare for future generations?

4. Everyone talks about shoring up our battered American Dream. How would you define the American Dream and what do you think are the most serious threats to it?

5. The Health and Human Services Department recently rewrote the law governing welfare to weaken its work requirements. Meanwhile, the number of people relying on food stamps has doubled under the current Administration. Should all able-bodied recipients be required to work or prepare for work as a condition of receiving aid in public housing, food stamps, and cash assistance?

6. The federal government is currently spending much more than it has, and annual budget deficits over $1 trillion have become the norm. What is your plan to stem the tide of deficits and rising debt?

7. One of the few bright spots in America’s economy has been energy production, particularly on state and private lands.  According to the Energy Information Administration (EIA), energy production decreased 13 percent on federal lands in fiscal year (FY) 2011 when compared to FY 2010.  What would you do to reverse course on energy production on federal lands?

8. Congress—most notably the Senate, which hasn’t produced a budget in over three years—is sorely lacking in its basic responsibility of budgeting. What would you do to ensure the fundamental process of budgeting is restored?

9. President Obama has previously stated that, in the most important 5 percent of cases before the courts, it matters more what is in a judge’s heart (what has come to be known as his empathy standard) than what the rule of law requires. Is this the correct standard by which to evaluate judicial nominees? If not, what standard would you apply?

10. Former Attorney General of Mexico Victor Humberto Benítez Treviño estimated that approximately 300 Mexican citizens have been killed using Fast and Furious weapons in addition to U.S. Border Patrol Agent Brian Terry. Should Eric Holder resign as Attorney General because of his failures related to Operation Fast and Furious, including his failure to properly supervise the operation? If not, why not?

Terri Blackstock’s testimony

Uploaded by on Sep 29, 2009

This bestselling author writes from the heart when her latest novel details a drug-addicted daughter and a mother who never lets go…

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Today I was listening to American Family Radio and I heard Terri Blackstock give her testimony. She said her decision to write Christian Suspense Novels was made after her husband listened to Adrian Rogers on American Family Radio and put his faith in Christ. That affected her and caused her to grow spiritually. Here  is her story below:

Testimony

In many ways, I could be described as a Prodigal Daughter, even though I never openly rebelled against God.

I was raised in the church and saved at 14. I walked closely with Christ through my teen years. However, as I reached college age, I grew lukewarm in my faith. Though I attended church, I stopped praying and reading the Bible, and I focused more on things of the world than on spiritual things.

When I began writing romance novels in 1982, I struggled briefly over whether to write books that dealt openly with sex. I managed to rationalize it, however, and when my work became popular, I told myself that God was making it all happen.

When my 13-year marriage ended in 1990, it was a terrible tragedy for me, but I now believe God used it to help me turn back to Him. I moved back to my hometown, where I found a church that offered a divorce recovery ministry and an active singles program. Through that ministry, I began getting my life back on track. I met my husband Ken through the church and we married in 1992.

But I still wasn’t able to give up my romance writing. I told myself I was reaching more people that way than I could writing Christian fiction. I disregarded the fact that what I was writing was helping no one — in fact, my work was full of lies that pointed people away from God instead of to Him.

In 1994, Ken realized he had never had more than an intellectual knowledge of Jesus. He came to know Christ as his Lord and Savior, and became the spiritual leader that I had yearned for all my life.

Ken’s example rekindled my own fire for Christ. I finally saw that my work was an obstacle between Christ and me, and a stumbling block for others. It didn’t matter how many people read my work; if I couldn’t tell them what I knew — what would solve their problems and change their lives — it was of no good.

Since I’ve made my commitment to write books that glorify God, He has opened door after door for me. I am excited about using my gift to challenge other Christians and point unbelievers to Him.

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Uploaded by on May 5, 2009

A short video about the life of perhaps the greatest preacher of our modern era.

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Dr. Adrian Rogers’ Salvation Story

Uploaded by on Mar 16, 2010

A touching story about when Adrian Rogers accepted Jesus Christ as his Savior.

Adrian Rogers – How to Know God Personally

Related posts:

THREE TELLING ARGUMENTS AGAINST EVOLUTION by Adrian Rogers (Part 1 of series on Evolution)

THREE TELLING ARGUMENTS AGAINST EVOLUTION by Adrian Rogers (Part 1 of series on Evolution) The Long War against God-Henry Morris, part 1 of 6 Uploaded by FLIPWORLDUPSIDEDOWN3 on Aug 30, 2010 http://www.icr.org/ http://store.icr.org/prodinfo.asp?number=BLOWA2 http://store.icr.org/prodinfo.asp?number=BLOWASG http://www.fliptheworldupsidedown.com/blog _____________________________________ I got this from a blogger in April of 2008 concerning candidate Obama’s view on evolution: Q: York County was recently […]

Joe Henry Hankins, former pastor of Little Rock’s First Baptist Church was one of the most evangelistic pastors ever!!!!

Adrian Rogers uses an illustration by Joe Henry Hankins The following was written by John R. Rice about Dr. Hankins time in Little Rock. Brother Hankins is one of the greatest preachers in America. When he had been pastor of the First Baptist Church of Little Rock, Arkansas, four years and eight months, I learned that […]

Christian leaders react to Chuck Colson’s death

I got to hear Chuck Colson speak in person in 1976 at the church I grew up in (Bellevue Baptist Church in Memphis). Our pastor Adrian Rogers was personal friends with Colson. Colson – a guardian of the faith Charlie Butts – OneNewsNow – 4/21/2012 4:15:00 PM Chuck Colson, known worldwide for founding Prison Fellowship […]

What impact will breaking trust with Bobby Petrino’s family have?

Jessica Dorrell was not revealed as the passenger on Petrino’s motorcyle until yesterday. Petrino may feel roughed up now, but he has a bigger task of restoring trust with his wife and kids ahead of him and that may another rough road he has to go down in the future. Back in July of 2011 at church I […]

Two choices now for Bobby Petrino: Follow the path of purity or impurity

If Bobby thinks he is bruised now, then he needs to read about the guy in Proverbs 7:10-27 and what happened to him. I really am hoping that Bobby Petrino can put his marriage back together. He has a clear choice between two paths. In the sermon at Fellowship Bible Church at July 24, 2011, […]

“Payday Someday” by Robert G. Lee (Part 4 of transcript and video)

  Pay Day – Someday by Dr. R. G. Lee Uploaded by BereanBeacon on May 22, 2007 Dr. R. G. Lee, 1886-1978, Biography – http://www.swordofthelord.com/biographies/LeeRG.htm . ____________ I grew up listening to sermons by Adrian Rogers who was the longtime pastor of Bellevue Church in Memphis. In fact, since 1927 only four pastors have led […]

“Payday Someday” by Robert G. Lee (Part 3 of transcript and video)

Pay Day – Someday by Dr. R. G. Lee Uploaded by BereanBeacon on May 22, 2007 Dr. R. G. Lee, 1886-1978, Biography – http://www.swordofthelord.com/biographies/LeeRG.htm . ____________ I grew up listening to sermons by Adrian Rogers who was the longtime pastor of Bellevue Church in Memphis. In fact, since 1927 only four pastors have led Bellevue […]

“Payday Someday” by Robert G. Lee (Part 2 of transcript and video)

  Pay Day – Someday by Dr. R. G. Lee Uploaded by BereanBeacon on May 22, 2007 Dr. R. G. Lee, 1886-1978, Biography – http://www.swordofthelord.com/biographies/LeeRG.htm . ____________ I grew up listening to sermons by Adrian Rogers who was the longtime pastor of Bellevue Church in Memphis. In fact, since 1927 only four pastors have led […]

Evangelicals worship (Part 6, Castle Hills First Baptist Church, San Antonio)

I grew up at Bellevue Baptist in Memphis where Adrian Rogers was the pastor and he used to have Jack Taylor the pastor of Castle Hills First Baptist Church in to speak and the message was always very practical and helpful. Also our youth director, Dan Carter, came from Castle Hills First Baptist Church and […]

“Payday Someday” by Robert G. Lee (Part 1 of transcript and video)

Dr Rogers was fond of this quote he got from Robert G. Lee:  ”Sin will take you farther than you want to go, Sin will keep you longer than you want to stay, Sin will cost you more than you want to pay.“ _________________ Pay Day – Someday by Dr. R. G. Lee Uploaded by BereanBeacon on […]

Does human life begin at birth or conception?

On the Arkansas Times blog in the comment section the person using username “Hackett” asserted: Life begins when the fetus is viable outside the womb, prior to that it is parasitical and lives at the discretion of the host. I responded with this post today: It seems to me the real argument lies in the […]

Barrett Jones of Alabama Crimson Tide (Part 1 of series “Christians in Athletics”)

Today I am starting a new series called “Christians in Athletics.”  Barrett Jones grew up under the ministry of Adrian Rogers at Bellevue. Below is a clip from the Memorial Service for Dr. Rogers.   Barrett Jones of Alabama Crimson Tide has spent time the last two years ministering to earthquake victims in Haiti. Actually […]

Bama’s star lineman Barrett Jones puts ministry first

Barrett Jones of Alabama Crimson Tide has spent time the last two years ministering to earthquake victims in Haiti. (Barrett grew up and went to ECS where I graduated and to Bellevue Baptist where I was a member while growing up. Adrian Rogers was the pastor from 1972 to 2004.) Actually I wrote about Barrett’s […]

A response to 9/11 by Adrian Rogers jh54

  Adrian Rogers – [1/2] How to Come Back When You’re Down Adrian Rogers – [2/2] How to Come Back When You’re Down Here are 5 thoughts by Adrian Rogers: Many have asked how should Christians respond to what happened in America on September 11. And after much prayer and reading through God’s Word, I’d […]

Adrian Rogers’ sermon on Clinton in 98 applies to Newt in 2012

It pays to remember history. Today I am going to go through some of it and give an outline and quotes from the great Southern Baptist leader Adrian Rogers (1931-2005). Max Brantley of the Arkansas Times started this morning off with some comedy: From pro golfer John Daly’s Twitter account following last night’s Republican debate, […]

Carl Sagan versus RC Sproul

At the end of this post is a message by RC Sproul in which he discusses Sagan. Over the years I have confronted many atheists. Here is one story below: I really believe Hebrews 4:12 when it asserts: For the word of God is living and active and sharper than any two-edged sword, and piercing as far as the […]

Clinton “We’re all in this together” but where is the free society?

Bill Clinton full DNC Speech 2012

Basically Bill Clinton meant that we are all tied to the federal government to have many of our needs met when he said at the Democratic National Convention, “We’re all in this together.” I reject that philosophy and hope that America will turn away from that kind of slavery to the federal government mentality.

Dragging Us All Down Together

Posted by Roger Pilon

Today POLITICO Arena asks:

 Did Bill Clinton hit a home run for Barack Obama last night?

My response:

The Democrats are counting, as they always have, on widespread economic ignorance. And Bill Clinton captured it perfectly last night when he contrasted the alleged Republican philosophy — “You’re on your own” — with the Democratic philosophy — “We’re all in this together.” I say “alleged” because no Republican says or believes what the Democrats claim, whereas both Clinton and Obama have repeatedly said “We’re all in this together.”

Republicans don’t say that because they recognize the fundamental place of cooperation — whether economic or charitable — in human affairs, and the role of government in providing “public goods” like national defense, clean air, and infrastructure — as well as certain “private goods” if voluntary measures prove insufficient. They believe, in short, in a free society.

By contrast, if “we’re all in this together” — and let’s be clear, when Democrats say that they aren’t talking about voluntary associations but about government programs — then we’re all dependent on government for our retirement, our health care, our education, and on and on. What better example than the Obama campaign’s much ridiculed ”Life of Julia“? The problem with that vision is that it’s a cruel hoax. Wherever it’s been tried, including in America, it’s failed. Social Security, Medicare, and Medicaid are all going broke. And even where our massive public programs hobble on, they’re massively inefficient compared to private alternatives. In pursuit of “fairness” — read, “free goods” — you can tax the rich only so far. That’s the economic ignorance that’s underneath the siren song that “we’re all in this together.”

1980 Presidential Debate Reagan v. Carter video and transcript, second issue: Inflation

https://i0.wp.com/www.reagan.utexas.edu/archives/photographs/large/c21878-25.jpg
President Reagan and Nancy Reagan posing with Rock Hudson at White House State Dinner for President De La Madrid of Mexico. 5/15/84 .

1980 Presidential Candidate Debate: Governor Ronald Reagan and President Jimmy Carter – 10/28/80

Above is the video of the complete debate. Below is the second part of the transcript that deals with the issue of inflation among other things. This segment ends at 28 minute mark. Also if you want to know how Ronald Reagan did cure inflation then all you have to do is check out the film series by Milton Friedman called Free to Choose and the episode “How to Cure Inflation.” I have done three previous posts on it. (Number 1, Number 2, and Number 3)

(R Row, from front to rear) Milton Friedman, George Shultz, Pres. Ronald Reagan, Arthur Burns, William Simon and Walter Wriston & unknown at a meeting of White House economic advisers.
(R Row, from front to rear) Milton Friedman, George Shultz, Pres. Ronald Reagan, Arthur Burns, William Simon and Walter Wriston & unknown at a meeting of White House economic

October 28, 1980 Debate Transcript

October 28, 1980

The Carter-Reagan Presidential Debate

MR. SMITH: Thank you gentlemen. The next question is from Harry Ellis to President Carter.

MR. ELLIS, CHRISTIAN SCIENCE MONITOR: Mr. President, when you were elected in 1976, the Consumer Price Index stood at 4.8%. It now stands at more than 12%. Perhaps more significantly, the nation’s broader, underlying inflation rate has gone up from 7% to 9%. Now, a part of that was due to external factors beyond U.S. control, notably the more than doubling. of oil prices by OPEC last year. Because the United States remains vulnerable to such external shocks, can inflation in fact be controlled? If so, what measures would you pursue in a second term?

MR. CARTER: Again it’s important to put the situation in perspective. In 1974, we had a so-called oil shock, wherein the price of OPEC oil was raised to an extraordinary degree. We had an even worse oil shock in 1979. In 1974, we had the worst recession, the deepest and most penetrating recession since the Second World War. The recession that resulted this time was the briefest since the Second World War. In addition, we’ve brought down inflation. Earlier this year, in the first quarter, we did have a very severe inflation pressure brought about by the OPEC price increase. It averaged about 18% in the first quarter of this year. In the second quarter, we had dropped it down to about 13%. The most recent figures, the last three months, on the third quarter of this year, the inflation rate is 7% – still too high, but it illustrates very vividly that in addition to providing an enormous number of jobs – nine million new jobs in the last three and a half years – that the inflationary threat is still urgent on us. I notice that Governor Reagan recently mentioned the Reagan-Kemp-Roth proposal. which his own running mate, George Bush, described as voodoo economics, and said that it would result in a 30% inflation rate. And Business Week, which is not a Democratic publication, said that this Reagan-Kemp-Roth proposal – and I quote them, I think – was completely irresponsible and would result in inflationary pressures which would destroy this nation. So our proposals are very sound and very carefully considered to stimulate jobs, to improve the industrial complex of this country, to create tools for American workers, and at the same time would be anti-inflationary in nature. So to add nine million new jobs, to control inflation, and to plan for the future with an energy policy now intact as a foundation is our plan for the years ahead.

MR. SMITH: Mr. Ellis, do you have a follow-up question for Mr. Carter?

MR. ELLIS: Yes. Mr. President, you have mentioned the creation of nine million new jobs. At the same time, the unemployment rate still hangs high, as does the inflation rate. Now, I wonder, can you tell us what additional policies you would pursue in a second administration in order to try to bring down that inflation rate? And would it be an act of leadership to tell the American people they are going to have to sacrifice to adopt a leaner lifestyle for some time to come?

MR. CARTER: Yes. We have demanded that the American people sacrifice, and they have done very well. As a matter of fact, we’re importing today about one-third less oil from overseas than we did just a year ago. We’ve had a 25% reduction since the first year I was in office. At the same time, as I have said earlier, we have added about nine million net new jobs in that period of time – a record never before achieved. Also, the new energy policy has been predicated on two factors: One is conservation, which requires sacrifice, and the other one, increase in production of American energy, which is going along very well – more coal this year than ever before in American history, more oil and gas wells drilled this year than ever before in history. The new economic revitalization program that we have in mind, which will be implemented next year, would result in tax credits which would let business invest in new tools and new factories to create even more new jobs – about one million in the next two years. And we also have planned a youth employment program which would encompass 600,000 jobs for young people. This has already passed the House, and it has an excellent prospect to pass the Senate.

MR. SMITH: Now, the same question goes to Governor Reagan. Governor Reagan, would you like to have the question repeated?

MR. ELLIS: Governor Reagan, during the past four years, the Consumer Price Index has risen from 4.8% to currently over 12%. And perhaps more significantly, the nation’s broader, underlying rate of inflation has gone up from 7% to 9%. Now, a part of that has been due to external factors beyond U.S. control, notably the more than doubling of OPEC oil prices last year, which leads me to ask you whether, since the United States remains vulnerable to such external shocks, can inflation in fact be controlled? If so, specifically what measures would you pursue`?

MR. REAGAN: Mr. Ellis, I think this idea that has been spawned here in our country that inflation somehow came upon us like a plague and therefore it’s uncontrollable and no one can do anything about it, is entirely spurious and it’s dangerous to say this to the people. When Mr. Carter became President, inflation was 4.8%, as you said. It had been cut in two by President Gerald Ford. It is now running at 12.7%. President Carter also has spoken of the new jobs created. Well, we always, with the normal growth in our country and increase in population, increase the number of jobs. But that can’t hide the fact that there are eight million men and women out of work in America today, and two million of those lost their jobs in just the last few months. Mr. Carter had also promised that he would not use unemployment as a tool to fight against inflation. And yet, his 1980 economic message stated that we would reduce productivity and gross national product and increase unemployment in order to get a handle on inflation, because in January, at the beginning of the year, it was more than 18%. Since then, he has blamed the people for inflation, OPEC, he has blamed the Federal Reserve system, he has blamed the lack of productivity of the American people, he has then accused the people of living too well and that we must share in scarcity, we must sacrifice and get used to doing with less. We don’t have inflation because the people are living too well. We have inflation because the Government is living too well. And the last statement, just a few days ago, was a speech to the effect that we have inflation because Government revenues have not kept pace with Government spending. I see my time is running out here. I’ll have to get this out very fast. Yes, you can lick inflation by increasing productivity and by decreasing the cost of government to the place that we have balanced budgets, and are no longer grinding out printing press money, flooding the market with it because the Government is spending more than it takes in. And my economic plan calls for that. The President’s economic plan calls for increasing the taxes to the point that we finally take so much money away from the people that we can balance the budget in that way. But we will have a very poor nation and a very unsound economy if we follow that path.

MR. SMITH: A follow-up, Mr. Ellis?

MR. ELLIS: Yes. You have centered on cutting Government spending in what you have just said about your own policies. You have also said that you would increase defense spending. Specifically, where would you cut Government spending if you were to increase defense spending and also cut taxes, so that, presumably. Federal revenues would shrink?

MR. REAGAN: Well. most people, when they think about cutting Government spending, they think in terms of eliminating necessary programs or wiping out something, some service that Government is supposed to perform. I believe that there is enough extravagance and fat in government. As a matter of fact, one of the secretaries of HEW under Mr. Carter testified that he thought there was $7 billion worth of fraud and waste in welfare and in the medical programs associated with it. We’ve had the Central Accounting. Office estimate that there is probably tens of billions of dollars that is lost in fraud alone, and they have added that waste adds even more to that. We have a program for a gradual reduction of Government spending based on these theories, and I have a task force now that has been working on where those cuts could be made. I’m confident that it can be done and that it will reduce inflation because I did it in California. And inflation went down below the national average in California when we returned the money to the people and reduced Government spending.

MR. SMITH: President Carter.

MR. CARTER: Governor Reagan’s proposal, the Reagan-Kemp-Roth proposal, is one of the most highly inflationary ideas that ever has been presented to the American public. He would actually have to cut Government spending by at least $130 billion in order to balance the budget under this ridiculous proposal. I notice that his task force that is working for his future plans had some of their ideas revealed in The Wall Street Journal this week. One of those ideas was to repeal the minimum wage, and several times this year, Governor Reagan has said that the major cause of unemployment is the minimum wage. This is a heartless kind of approach to the working families of our country, which is typical of many Republican leaders of the past, but, I think, has been accentuated under Governor Reagan. In California – I’m surprised Governor Reagan brought this up – he had the three largest tax increases in the history of that state under his administration. He more than doubled state spending while he was Governor – 122% increase – and had between a 20% and 30% increase in the number of employees

MR. SMITH: Sorry to interrupt, Mr. Carter.

MR. CARTER: in California. Thank you, sir.

MR. SMITH: Governor Reagan has the last word on this question.

MR. REAGAN: Yes. The figures that the President has just used about California is a distortion of the situation there, because while I was Governor of California, our spending in California increased less per capita than the spending in Georgia while Mr. Carter was Governor of Georgia in the same four years. The size of government increased only one-sixth in California of what it increased in proportion to the population in Georgia. And the idea that my tax-cut proposal is inflationary: I would like to ask the President why is it inflationary to let the people keep more of their money and spend it the way that they like, and it isn’t inflationary to let him take that money and spend it the way he wants?

MR. SMITH: I wish that question need not be rhetorical, but it must be because we’ve run out of time on that. Now, the third question to Governor Reagan from William Hilliard.

WILLIAM HILLIARD, PORTLAND OREGONIAN: Yes. Governor Reagan, the decline of our cities has been hastened by the continual rise in crime, strained race relations, the fall in the quality of public education, persistence of abnormal poverty in a rich nation, and a decline in the services to the public. The signs seem to point toward a deterioration that could lead to the establishment of a permanent underclass in the cities. What, specifically, would you do in the next four years to reverse this trend?

MR. REAGAN: I have been talking to a number of Congressmen who have much the same idea that I have, and that is that in the inner city areas, that in cooperation with the local government and the national Government, and using tax incentives and with cooperating with the private sector, that we have development zones. Let the local entity, the city, declare this particular area, based on the standards of the percentage of people on welfare, unemployed, and so forth, in that area. And then, through tax incentives, induce the creation of businesses providing jobs and so forth in those areas. The elements of government through these tax incentives For example, a business that would not have, for a period of time, an increase in the property tax reflecting its development of the unused property that it was making wouldn’t be any loss to the city because the city isn’t getting any tax from that now. And there would simply be a delay, and on the other hand, many of the people who would then be given jobs are presently wards of the Government and it wouldn’t hurt to give them a tax incentive, because they… that wouldn’t be costing Government anything either. I think there are things to do in this regard. I stood in the South Bronx on the exact spot that President Carter stood on in 1977. You have to see it to believe it. It looks like a bombed-out city – great, gaunt skeletons of buildings. Windows smashed out, painted on one of them “Unkept promises;” on another, “Despair.” And this was the spot at which President Carter had promised that he was going to bring in a vast program to rebuild this department. There are whole or this area there are whole blocks of land that are left bare, just bulldozed down flat. And nothing has been done, and they are now charging to take tourists there to see this terrible desolation. I talked to a man just briefly there who asked me one simple question: “Do I have reason to hope that I can someday take care of my family again? Nothing has been done.”

Michael Jackson stands with President Reagan and first lady Nancy Reagan on the South Lawn of the White House before the pop star received an award from the president for his contribution to the drunken driving awareness program.
 

President Reagan, Nancy Reagan, Tom Selleck, Dudley Moore, Lucille Ball at a Tribute to Bob Hope’s 80th birthday at the Kennedy Center. 5/20/83.

“Woody Wednesday” Pictures from Woody Allen’s latest movie “To Rome with Love” Part 2

Penelope Cruz, Woody Allen “To Rome With Love” Premiere ARRIVALS LA Film Fest

Below is a picture from Woody Allen’s latest movie and then below are some Italian films that influenced him over the years. Woody Allen is my favorite director and he is even getting better.

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<!–By Todd Plitt, USA TODAY
  • 6/4/2012
After more than 40 films in just less than 50 years, director Woody Allen has turned to Italy as the location for his latest film, To Rome with Love, opening in the USA on June 22. Allen talks with USA TODAY’sSusan Wloszczyna about the movie, and he also discusses films by some of his favorite Italian directors.
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 By Andrew Medichini, AP

  • 7/14/2011
Ever since he switched to European settings, Allen, seen here filming in Rome last year, has allowed the mood of each city to dictate the tone of the movie.
“There are such strong personalities to these cities,” he says. “Rome is chaotic, hilarious, joyfully alive and full of farce… In Italy, you don’t think back to the earlier eras so much. It really came into its own post-World War II, and that is when Italian filmmakers began to define their country for Americans. It is very energetic and lusty.”
 
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  • The Criterion Collection
  •  
For movie lovers who need to brush up on their Italian films, Allen suggests these five must-see titles.
Bicycle Thieves (also known as The Bicycle Thief, 1948). In this neo-realist classic directed by Vittorio De Sica, a poor man and his young son search the streets of Rome for his stolen bicycle that he needs for his job.
Allen’s observation: “It is as great a film as has been ever made, an out-and-out piece of artistic perfection.’’
 
 

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 Shoeshine (1946). A rarely seen film, also directed by De Sica. A pair of shoeshine boys in Rome get into trouble when they try to save money to buy a horse.
Allen’s observation: “De Sica was a very simple filmmaker but a great storyteller, and these films are profoundly moving and beautifully told.”
 

Capitol Tours with Senator Mark Pryor

Three very good video tours below from Senator Mark Pryor.

Published on Jun 13, 2012 by

Episode 1: Arkansans in the Capitol

Published on Jul 9, 2012 by

Episode 2: The Crypt and the Old Supreme Court

Published on Aug 20, 2012 by

Episode 3: The Senate Chamber

If you want to take a look at some related posts on Famous Arkansans then take a look at these posts below:

Famous Arkansan Bill Clinton (1946–) biography and video

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Lester Mcclain, I saw him play vs. Ole Miss in 1968 in Jackson, MS

Kenny Chesney and former Tennessee Volunteers’ Quarterback Condredge Holloway give you an exclusive look at their new ESPN Documentary – “The Color Orange: The Condredge Holloway Story”. I got to see Lester Mcclain play in Jackson, MS in 1968 against Ole Miss. I went with my grandfather who was a big Ole Miss fan. My […]

Wheaton College stands up to Obama administration

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Paul Ryan on Social Security Reform (Part 2)(Wayne Jackson Famous Arkansan)

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Glen Campbell has Alzheimer’s disease (Links to Famous Arkansans Series)

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Brummett: We need to tax the rich more (Real Cause of Deficit Pt 12)

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Jerry Van Dyke Arkansas resident (Part 1)

A 30 Foot Tall Fat Guy Luther’s commentary on where the world is headed if people keep getting bigger. ______________________________ At the “Sunshine Boys” performance on June 1, 2011 in Hot Springs my son Wilson and I saw Jerry Van Dkye and Tommy Smoothers perform. It was great!!! Before the show started they showed this […]

 

 

Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 9)(Famous Arkansan, Art Porter Sr.)(Conspirator Part 4)

I survived last night even though there were several tornadoes all through Arkansas last night. America has too many bureaucrats and they are dramatically overpaid. This mini-documentary uses government data to show how federal, state, and local governments are in fiscal trouble in part because of excessive pay for a bloated civil service. Steve Brawner […]

 

Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 8)(Famous Arkansan, Patsy Montana)(The Conspirator, part 2)

 It is 9:35 pm and we have been hiding from Tornadoes all night and I hope they are finished bothering us for the evening.  Ronald Reagan on Balanced Budget Amendment Steve Brawner in his article “Safer roads and balanced budgets,” Arkansas News Bureau, April 13, 2011, noted: The disagreement is over the solutions — on […]

 

Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 7)(Famous Arkansan, Tracy Lawrence) (Orsini murder trial part 2C)

 Senator Hatch talks with Fox News host Bret Baier about looming government shutdown. (At first Hatch talks about Planned Parenthood and the fact that they are the leading abortion provider and then he turns his attention to getting federal spending down.)   Steve Brawner in his article “Safer roads and balanced budgets,” Arkansas News Bureau, […]

 

Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 6)(Famous Arkansan, Norris Goff)

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Brummett: Rich not taxed enough (Real Cause of Deficit Pt 8)

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Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 5)(Famous Arkansan, Chester Lauck)

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Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 13)(Famous Arkansan, Mark Wright)

  Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to do so in the future. Here are a few […]

 

Balanced Budget Amendment the Answer? Pryor says no, Boozman says yes (part 4)(Famous Arkansan, Alan Ladd)

Politicians and interest groups claim higher taxes are necessary because it would be impossible to cut spending by enough to get rid of red ink. This Center for Freedom and Prosperity video shows that these assertions are nonsense. The budget can be balanced very quickly by simply limiting the annual growth of federal spending. Steve […]

 

Lyons: Bush Tax cuts are to blame (Real Cause of Deficit Pt 7)(Famous Arkansan, Wayne Jackson)

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Willie Roaf at Little Rock Touchdown Club Part 3

Willie Roaf did a great job on Oct 1, 2012 at the Little Rock Touchdown Club. His father asked him to tell the story about the 1992 Bama game. Here it is below:

 
photo

Willie Roaf vs. Alabama, 1992

Louisiana Tech offensive guard Willie Roaf tears the helmet off of all-time Alabama right defensive end Eric Curry (80), while blocking for QB Sam Hughes on a play during Tech’s Sept. 26, 1992 game with the Crimson Tide at Legion Field in Birmingham, Ala. Alabama won the game 13-0, but NFL scouts said his performance in this game solidified Roaf’s reputation as a potential high NFL draftee after going head to head with Curry, a all-America player himself. Roaf was drafted the next spring, 1993, by the New Orleans Saints. He ended his playing career with the Kansas City Chiefs. He was inducted into the NFL Hall of Fame, Class of 2012 on Aug. 4, 2012.

Photo (c)1992 by Tom Morris/www.tommorrisphotos.com
(This photo appeared in Sports Illustrated year-end double issue December, 1993)

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Open letter to President Obama (Part 149B)

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full)

Published on Mar 19, 2012 by

______________

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you. I also got a lot out of the words by Gary Becker below.

Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of Nations” to Milton Friedman’s work, describing Free to Choose as “a survival kit for you, for our nation and for freedom.” Dr. Friedman travels to Hungary and Czechoslovakia to learn how Eastern Europeans are rebuilding their collapsed economies. His conclusion: they must accept the verdict of history that governments create no wealth. Economic freedom is the only source of prosperity. That means free, private markets. Attempts to find a “third way” between socialism and free markets are doomed from the start. If the people of Eastern Europe are given the chance to make their own choices they will achieve a high level of prosperity. Friedman tells us individual stories about how small businesses struggle to survive against the remains of extensive government control. Friedman says, “Everybody knows what needs to be done. The property that is now in the hands of the state, needs to be gotten into the hands of private people who can use it in accordance with their own interests and values.” Eastern Europe has observed the history of free markets in the United States and wants to copy our success. After the documentary, Dr. Friedman talks further about government and the economy with Gary Becker of the University of Chicago and Samuel Bowles of the University of Massachusetts. In a wide-ranging discussion, they disagree about the results of economic controls in countries around the world, with Friedman defending his thesis that the best government role is the smallest one.
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Below is a portion of the transcript of the program and above you will find the complete video of the program:
 

DISCUSSION

Hello, I am Linda Chavez and welcome to Free to Choose. Joining Dr. Friedman for a discussion of the failure of socialism are Gary Becker from the University of Chicago and Samuel Bowles of the University of Massachusetts. Dr. Bowles, I think we can all agree that socialism has failed Eastern Europe. Dr. Friedman believes that the path out of that is the free market and I think he thinks there are lessons for the United States. What do you think?

Bowles: The homeless people are homeless because they are poor and they are out of work. They are not homeless because of rent control.

Friedman: I beg your pardon. All of them aren’t. Of course there are some like that, but the existence of rent control has certainly increased the number of homeless.

Becker: Many people are homeless because they are mentally ill. But the homeless is a tiny fraction. Housing policy in the United States should not be oriented around the homeless because that is a tiny part of the problem in any major city, and certainly outside of major cities. If you look at the bulk of housing in the United States, I see no evidence that it cannot be adequately provided by the private sector.

Bowles: Let’s talk about incentives because I know both of you like to talk about incentives a lot. I think incentives are terribly important. Milton says in the show, and I agree with him, that we have to choose between taking orders from the top down, or incentives at the bottom. Now Milton’s idea of how do you get the incentives down at the bottom is essentially a view of an economy in which individuals, through their ownership of property, can own the results of their hard work and their innovation. It is a great idea. It doesn’t exist anywhere and it can’t exist. When I read your stuff Milton and when I watch you on TV, I think, you know, Milton has this idea of, Charlie Brown and Linus are going to have a lemonade stand and Lucy is going to have another lemonade stand and that is your idea of capitalism. But that is a myth. That is not what capitalism is. We don’t have thousands and millions of little firms competing on a level playing field. We have giant industrial corporations that use their power to their own advantage and to the disadvantage of others. That is what you have to be able to deal with you if you want to be relevant to the modern world. That is what the countries that I talked about, Sweden, Korea, Norway, Japan, are very good at doing __ dealing with the problem of economic power so that the power of those institutions can be used by and large for public good. If you ignore them with this lemonade stand capitalism myth, you are simply giving those powerful spenders of wealth and affluence free rein.

Friedman: Gary, it is a strange thing that not a single one of the countries that you have described has a standard of living as high as that of the United States with respect to the bulk of its population.

Bowles: Yes and the United States got its standard of living through precisely the policies that you have opposed such as protecting our industrial base from . . . . . .

Becker: I would be very happy to go back to the 19th century U.S. policy. It was a tiny part. The government, sure they did some things, but as a tiny part of the economy and let’s go back to a resource that went through the government at that time what was it? Ten percent of the maximum. The largest employer of the government was the postal system. That is the main thing the government was doing. Some tariff policies probably hurt us and a few other activities. Let me come back to the other issue raised then. There are millions and millions of companies in the United States. It is true that in some sectors these are very large companies like in manufacturing. But what I think has happened, particularly in the modern world, is these large companies are now having to compete with large countries from elsewhere. It is not capitalism. It is the political sector that is limiting that competition, partly at the behest of these companies, but also at the behest of the employees of these companies to limit the competition from abroad, but most industries, it would be hard put for you to argue now that even the large companies aren’t facing significant competition in the United States markets, not only from domestic companies, but from large companies based abroad.

Bowles: Oh, I agree with that completely. But what I am concerned about is this. If you work at General Motors or IBM and you are a secretary or you are a production worker, what you are getting there is you are getting orders from the top down. You don’t own your work. You don’t own the results of your work. When you talk about incentives from the bottom, if you want to get incentives from the bottom, you have to get the people who work at the bottom to own the results of their work and to have a say in how their work is going to be used. You can do that if you . . . like employee ownership and employee control. That is what made Wierton Steel from almost bankruptcy to one of the most successful steel companies in the United States __ employee ownership and control. The same with Columbia Aluminum, one of the most efficient aluminum companies in the United States. It went from shutdown to being a very successful company through employee ownership and employee control over their production processes. That is what I call putting incentives at the bottom where they belong, but you never advocate that.

Becker: I am not against employee ownership, but you have to permit employee ownership to compete on a level playing field against other forms. We permitted that in the United States, up until 1975, when you had trivial employee ownership in the United States. That to me suggests that workers didn’t want it.

Chavez: Dr. Friedman, who owns companies now? Are these in the hands of a small number of people or is it stockholders?

Friedman: No, it is the stockholders who own it and a very large fraction of that is owned in pension plans which are for the benefit of the employees. But of course, Gary is right, what produced the spate of employee ownership was government subsidy through ESOP’s since 1975.

Friedman: I think that is disgraceful.

Becker: That is the only reason you have gotten the growth of employee ownership in the United States. We have 5,000 or 6,000 employee owned companies now in the United States, and you take away these subsidies and they think that would go down to 1,000 or so, and let them be there, that is fine. Let the market determine which form is most desired and which form is most efficient.

Chavez: Gentlemen, obviously we have not exhausted this subject, but we are out of time. Thank you for watching Free to Choose. Next week we will be discussing the failure of our schools. We send our kids to school hoping that they will receive something that will benefit them in the future for when they go out here and compete in the job market. Unfortunately, none of that is taking place out of Hyde Park.

____________________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your committment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Listing of transcripts and videos of “Free to Choose” episode 1 – Power of the Market on www.theDailyHatch.org

Milton Friedman’s books and film series really helped form my conservative views. Take a look at one of my favorite films of his:

“FREE TO CHOOSE” 1: The Power of the Market (Milton Friedman)
Free to Choose ^ | 1980 | Milton Friedman

Posted on Monday, July 17, 2006 4:20:46 PM by Choose Ye This Day

FREE TO CHOOSE: The Power of the Market

Friedman: Once all of this was a swamp, covered with forest. The Canarce Indians who lived here traded the 22 square miles of soggy Manhattan Island to the Dutch for $24.00 worth of cloth and trinkets. The newcomers founded a city, New Amsterdam at the edge of an empty continent. In the years that followed, it proved a magnet for millions of people from across the Atlantic; people who were driven by fear and poverty; who were attracted by the promise of freedom and plenty. They fanned out over the continent and built a new nation with their sweat, their enterprise and their vision of a better future.

For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. For the immigrants who were welcomed by this statue, America was truly a land of opportunity.

They poured ashore in their best clothes, eager and expectant, carrying what little they owned. They were poor, but they all had a great deal of hope. Once they arrived, they found, as my parents did, not an easy life, but a very hard life. But for many there were friends and relatives to help them get started __ to help them make a home, get a job, settle down in the new country. There were many rewards for hard work, enterprise and ability. Life was hard, but opportunity was real. There were few government programs to turn to and nobody expected them. But also, there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found in fact, a free market, and most of them thrived on it.

Many people still come to the United States driven by the same pressures and attracted by the same promise. You can find them in places like this. It’s China Town in New York, one of the centers of the garment industry __ a place where hundreds of thousands of newcomers have had their first taste of life in the new country. The people who live and work here are like the early settlers. They want to better their lot and they are prepared to work hard to do so.

Although I haven’t often been in factories like this, it’s all very familiar to me because this is exactly the same kind of a factory that my mother worked in when she came to this country for the first time at the age of 14, almost 90 years ago. And if there had not been factories like this here then at which she could have started to work and earn a little money, she wouldn’t have been able to come. And if I existed at all, I’d be a Russian or Hungarian today, instead of an American. Of course she didn’t stay here a long time, she stayed here while she learned the language, while she developed some feeling for the country, and gradually she was able to make a better life for herself.

Similarly, the people who are here now, they are like my mother. Most of the immigrants from the distant countries __ they came here because they liked it here better and had more opportunities. A place like this gives them a chance to get started. They are not going to stay here very long or forever. On the contrary, they and their children will make a better life for themselves as they take advantage of the opportunities that a free market provides to them.

The irony is that this place violates many of the standards that we now regard as every worker’s right. It is poorly ventilated, it is overcrowded, the workers accept less than union rate __ it breaks every rule in the book. But if it were closed down, who would benefit? Certainly not the people here. Their life may seem pretty tough compared to our own, but that is only because our parents or grandparents went through that stage for us. We have been able to start at a higher point.

Frank Visalli’s father was 12 years old when he arrived all alone in the United States. He had come from Sicily. That was 53 years ago. Frank is a successful dentist with a wife and family. They live in Lexington, Massachusetts. There is no doubt in Frank’s mind what freedom combined with opportunity meant to his father and then to him, or what his Italian grandparents would think if they could see how he lives now.

Frank Visalli: They would not believe what they would see __ that a person could immigrate from a small island and make such success out of their life because to them they were mostly related to the fields, working in the field as a peasant. My father came over, he made something for himself and then he tried to build a family structure. Whatever he did was for his family. It was for a better life for his family. And I can always remember him telling me that the number one thing in life is that you should get an education to become a professional person.

Friedman: The Visalli family, like all of us who live in the United States today, owe much to the climate of freedom we inherited from the founders of our country. The climate that gave full scope to the poor from other lands who came here and were able to make better lives for themselves and their children.

But in the past 50 years, we’ve been squandering that inheritance by allowing government to control more and more of our lives, instead of relying on ourselves. We need to rediscover the old truths that the immigrants knew in their bones; what economic freedom is and the role it plays in preserving personal freedom.

That’s why I came here to the South China Sea. It’s a place where there is an almost laboratory experiment in what happens when government is limited to its proper function and leaves people free to pursue their own objectives. If you want to see how the free market really works this is the place to come. Hong Kong, a place with hardly any natural resources. About the only one you can name is a great harbor, yet the absence of natural resources hasn’t prevented rapid economic development. Ships from all nations come here to trade because there are no duties, no tariffs on imports or exports. The power of the free market has enabled the industrious people of Hong Kong to transform what was once barren rock into one of the most thriving and successful places in Asia.

If you enjoyed that then take a look at the other segments:

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 6 of 7)

PETERSON: Well, let me ask you how you would cope with this problem, Dr. Friedman. The people decided that they wanted cool air, and there was tremendous need, and so we built a huge industry, the air conditioning industry, hundreds of thousands of jobs, tremendous earnings opportunities and nearly all of us now have air […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 5 of 7)

Part 5 Milton Friedman: I do not believe it’s proper to put the situation in terms of industrialist versus government. On the contrary, one of the reasons why I am in favor of less government is because when you have more government industrialists take it over, and the two together form a coalition against the ordinary […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 4 of 7)

The fundamental principal of the free society is voluntary cooperation. The economic market, buying and selling, is one example. But it’s only one example. Voluntary cooperation is far broader than that. To take an example that at first sight seems about as far away as you can get __ the language we speak; the words […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 3 of 7)

  _________________________   Pt3  Nowadays there’s a considerable amount of traffic at this border. People cross a little more freely than they use to. Many people from Hong Kong trade in China and the market has helped bring the two countries closer together, but the barriers between them are still very real. On this side […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 2 of 7)

  Aside from its harbor, the only other important resource of Hong Kong is people __ over 4_ million of them. Like America a century ago, Hong Kong in the past few decades has been a haven for people who sought the freedom to make the most of their own abilities. Many of them are […]

“Friedman Friday” (“Free to Choose” episode 1 – Power of the Market. part 1of 7)

“FREE TO CHOOSE” 1: The Power of the Market (Milton Friedman) Free to Choose ^ | 1980 | Milton Friedman Posted on Monday, July 17, 2006 4:20:46 PM by Choose Ye This Day FREE TO CHOOSE: The Power of the Market Friedman: Once all of this was a swamp, covered with forest. The Canarce Indians […]