Open letter to President Obama (Part 116.5)

Milton Friedman’s negative income tax explained by Friedman in 1968:

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.

We need to cut back on the Food Stamp program and not try to increase it. What really upsets me is that when the government gets involved in welfare there is a welfare trap created for those who become dependent on the program. Once they go out and get a job then they are stripped away from the welfare program and that encourages them to avoid working and sit on the couch. (Milton Friedman’s negative income tax is a good solution.)

Now we have the government running ads trying to get people to join this type of lifestyle. I think it is the most cruel thing you can do to a struggling poor person. Working is the only way a person can climb up the ladder and falling in the welfare trap hurts the poor’s chance of succeeding in the future.

Obama’s Using Our Tax Dollars to Leverage More Food Stamp Dependency

June 26, 2012 by Dan Mitchell

In past posts, I’ve groused about food stamp abuse, including people using them to buy luxury coffee at Starbucks and to purchase steaks and lobster. I’ve complained about college kids scamming the program, the “Octo-Mom” mooching off the program, and the Obama Administration rewarding states that sign up more food stamp recipients.

Well, the Obama White House is doubling down on creating more dependency, spending tax dollars to increase the number of people on food stamps.

Here are some of disturbing details from a CNN report.

More than one in seven Americans are on food stamps, but the federal government wants even more people to sign up for the safety net program. The U.S. Department of Agriculture has been running radio ads for the past four months encouraging those eligible to enroll. …The department is spending between $2.5 million and $3 million on paid spots, and free public service announcements are also airing. The campaign can be heard in California, Texas, North Carolina, South Carolina, Ohio, and the New York metro area. …President Bush launched a recruitment campaign, which pushed average participation up by 63% during his eight years in office. The USDA began airing paid radio spots in 2004. President Obama’s stimulus act made it easier for childless, jobless adults to qualify for the program and increased the monthly benefit by about 15% through 2013.

Last year, I semi-defended Newt Gingrich when he was attacked for calling Obama the “Food Stamp” President. Citing this chart, I wrote that, “It certainly looks like America is becoming a food stamp nation.”

But my bigger point is that welfare is bad for both taxpayers and the people who get trapped into relying on big government.

The ideal approach, as explained in this video, is to get the federal government out of the business of redistributing income. We are far more likely to get better results if we let states experiment with different approaches.

House Republicans, to their credit, already want to do this with Medicaid. So why not block grant all social welfare programs?

The icing on the cake is that no longer would the federal government be running ads to lure people into dependency.

_____________

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

Sincerely,

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

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We can no longer afford the welfare state (Part 7)

Ep. 4 – From Cradle to Grave [7/7]. Milton Friedman’s Free to Choose (1980) With the national debt increasing faster than ever we must make the hard decisions to balance the budget now. If we wait another decade to balance the budget then we will surely risk our economic collapse. The first step is to […]

We can no longer afford the welfare state (Part 6)

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) With the national debt increasing faster than ever we must make the hard decisions to balance the budget now. If we wait another decade to balance the budget then we will surely risk our economic collapse. The first step is to […]

We can no longer afford the welfare state (Part 5)

Ep. 4 – From Cradle to Grave [5/7]. Milton Friedman’s Free to Choose (1980) With the national debt increasing faster than ever we must make the hard decisions to balance the budget now. If we wait another decade to balance the budget then we will surely risk our economic collapse. The first step is to […]

We can no longer afford the welfare state (Part 4)

 Ep. 4 – From Cradle to Grave [4/7]. Milton Friedman’s Free to Choose (1980) With the national debt increasing faster than ever we must make the hard decisions to balance the budget now. If we wait another decade to balance the budget then we will surely risk our economic collapse. The first step is to […]

We can no longer afford the welfare state (Part 3)

Ep. 4 – From Cradle to Grave [3/7]. Milton Friedman’s Free to Choose (1980) With the national debt increasing faster than ever we must make the hard decisions to balance the budget now. If we wait another decade to balance the budget then we will surely risk our economic collapse. The first step is to […]

We can no longer afford the welfare state (Part 2)

With the national debt increasing faster than ever we must make the hard decisions to balance the budget now. If we wait another decade to balance the budget then we will surely risk our economic collapse. The first step is to remove all welfare programs and replace them with the negative income tax program that […]

We can no longer afford the welfare state (Part 1)

Milton Friedman – The Negative Income Tax Published on May 11, 2012 by LibertyPen In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration. http://www.LibertyPen.com Source: Firing Line with William F Buckley Jr. ________________ Milton […]

 

July 20, 2012 – 7:22 am Categories: President Obama, spending out of control | Post a comment

Ringo Starr on tour 2012 (Part 6)

I went  to a Ringo Starr concert on July 4, 2012 at Orange Beach, AL and enjoyed it very much and here are some of the songs I heard that night:Ringo Starr – Octopus’s Garden

Ringo did not play this at the July 4, 2012 concert although it is one of my favorites.

Ringo Starr and Barbara Bach«

___________________

Last concert of Beatles:

The Beatles – Rooftop Concert (Full Version)

Uploaded by     on Jan 18, 2012

Last Concert Of The Beatles On The APPLE RECORDS on Abbey Road
Get Back – 01:03 Don’t let Me Down – 04:18 I’ve Got a Feeling – 07:53 One After 909 – 11:35 Dig a Pony – 14:38 Get Back 18:30

__________________________–

Ringo Starr and Barbara Bach«

July 20, 2012 – 7:15 am Categories: Current Events | Post a comment

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Video interviews of Gwyneth Paltrow and Chris Martin (Part 2)

As far as I know they have never done an interview together. Therefore, I have included separate interviews that they have done below and I have some links to past posts I have done on them too.

Gwyneth Paltrow & Robert Downey Jr. on Jonathan Ross 2010.04.23 (Part 1)

Coldplay: Chris Martin and Jonny Buckland talk about Mylo Xyloto

Published on Oct 18, 2011 by

Chris Martin and Jonny Buckland from Coldplay talk about Mylo Xyloto, their 5th studio album. Questions in English below.

The interview was conducted by Kirsten Lemaire for Belgian television channel Canvas, and it took place in The Bakery, Coldplay’s very own studio. On the day of the interview they were still working on Xylo Myloto, in that same studio.

0:22 What was the very first plan for this 5th record?

2:25 We were at The Bakery, Coldplay’s main studio. But they also have another studio, The Beehive, just across the street. I wondered if they recorded everything in those two studios.

3:21 I did hear 6 new tracks from Xylo Myloto in advance. Some songs were about love, some songs were about addiction. But I also read that another theme was obsessive-compulsive behaviour. So I asked Chris Martin: is that true?

5:26 The current Coldplay single is Paradise, which definitely has some R’n’B influences. Hence my next question: did they listen to a lot of R’n’B during the making of the new record?

6:40 Last summer, Coldplay premiered some new songs on really big festivals like Rock Werchter. How nervous are they when they’re roadtesting unreleased music in front of 60.000 people or more?

8:37 The interview took place on the day they were actually finishing Mylo Xyloto. Last day in the studio. Must be quite thrilling, because fans have extremely high expectations. But how do the band members feel at such a moment?

10:41 Coldplay is a great live band. But at a certain moment, you have to introduce the new songs to your audience. Do they make more mistakes on stage when they try out new songs?

Chris Martin of Coldplay unknowingly lives out his childhood Christian beliefs (Part 5 of notes from June 23, 2012 Dallas Coldplay Concert)

Coldplay “paradise” Dallas Texas 6/22/12 ( Floor View ) Published on Jun 23, 2012 by ccam cher Awesome concert Coldplay brought confetti, lights and thousands of fans to the American Airlines Center; see photos from their colorful show Photo Gallery News Sports Lifestyles   Comments (0)   9/11 Chris Martin was brought up as an […]

 

“Music Monday” Countdown of Coldplay’s best albums (part 1)

I like this CD a lot mainly because of it rhythm and how it is the most relaxing of Coldplay’s albums. “YELLOW” “SHIVER” “DON’T PANIC” “TROUBLE” “SPARKS” are all great songs. I would have to say that Parachutes was a good song but it was too short. Altogether I would give this album a 9/10! However, this […]

Tom Brady , Coldplay, Kansas, Solomon and the search for satisfaction (part 3)

Tom Brady “More than this…” Uploaded by EdenWorshipCenter on Jan 22, 2008 EWC sermon illustration showing a clip from the 2005 Tom Brady 60 minutes interview. _______________________ Tom Brady ESPN Interview Tom Brady has famous wife earned over 76 million dollars last year. However, has Brady found lasting satifaction in his life? It does not […]

 

Coldplay in Madrid concert October 26, 2011

From today. I wonder if Coldplay will continue to be on a spiritual search. Part one of Madrid Concert Look at their latest song and the lyrics: They got one eye on what you knew And one eye on what you do So be careful who it is you’re talking to They got one eye […]

Coldplay gave NPR interview on Oct 22, 2011

Coldplay – Every Teardrop Is A Waterfall Published on Jun 28, 2011 by ColdplayVEVO The new single, taken from Every Teardrop Is A Waterfall EP (featuring two more new tracks). Download it fromhttp://cldp.ly/itunescp Music video by Coldplay performing Every Teardrop Is A Waterfall. (P) 2011 The copyright in this audiovisual recording is owned by EMI Records Ltd […]

July 20, 2012 – 6:46 am Categories: Current Events | Post a comment

“Friedman Friday” :“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 5)

Milton Friedman on the American Economy (5 of 6)

 

Uploaded by on Aug 9, 2009

THE OPEN MIND
Host: Richard D. Heffner
Guest: Milton Friedman
Title: A Nobel Laureate on the American Economy VTR: 5/31/77
_____________________________________

Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77:

Friedman: But as a matter of practical experience, no complicated society can be run solely on the command principle. It’s just impossible. And therefore, in one sense, the market is essential; there’s no way of avoiding it. Now, you don’t mean it in that sense. You mean another sense. In what sense is it written that the free market is desirable?

HEFFNER: Well, desirable, I didn’t really mean that. NO, I meant in the first instance where is it written that this concept, which I thought was comparatively modern, of the free marketplace…

FRIEDMAN: Well, in the modern version of it it really dates back to Adam Smith in 1776, which is just 200 years. There are precursors to that of course. But as…

HEFFNER: How did we survive? How did we get there?

FRIEDMAN: Well, but you know, ideas, you know about the Frenchman who discovered at the age of 70 that he had been talking prose all his life. Because we can give words to things doesn’t mean that those things didn’t exist before we gave words to them. The free market has been around for thousands and thousands of years. The theory of a free market in a systematic organized way dates back to Adam Smith in 1776. But the free market doesn’t.

HEFFNER: so the answer to the question of where it is written is really in Adam Smith, The Wealth of Nations?

FRIEDMAN: Yes, that’s the first major source. There have been lots since. But that’s still a book worth reading.

HEFFNER: Indeed. You know, I was thinking about, before we began to do this program, I was thinking about where is it written. And I was considering going back to a very ancient civilization, mostly in terms of the reports that we have that you may in your visits to Israel advise the new Israeli government in terms of its economic problems. And I wanted to ask you a question. I wanted to ask you a question about a remark that I had heard you make in connection with this story about the role you might play in relation to the new Israeli government. You said something like this – and to the degree that I’m distorting your words or your thoughts, please correct me – “It is somewhat strange that socialism is supposed to find so many friends, and capitalism so many enemies among Jews when perhaps some people might think that the essence of the Jewish tradition is so alien to socialism and so akin to capitalism.” And I wondered, to the extent that you meant much of that, what you meant by it?

FRIEDMAN: Well, I think I mean, I would endorse certainly that statement as you put it, while going onto say it needs some elaboration in some respects. Let me see if I can put it to you in a sort of a different way. My first visit to Israel was made about 15 years ago. I was there for about three months as a visitor at the Hebrew University in Jerusalem. And after I left Israel, I summarized my impressions by saying that I thought that the best way to understand Israel was to recognize that two Jewish traditions were at war with one another in Israel. One of them was a very recent tradition, a tradition of 100, 150 years old. That’s the tradition of socialism. That’s the tradition you referred to in your initial comments, that it is true that on the whole the Jewish intellectuals have been strongly pro-socialist. And that’s contributed disproportionately to the socialist literature. That was the one tradition. The other tradition, I said, was a tradition that was at least 2,000 years old. It was a tradition that had arisen during the Diaspora and as a result of the Diaspora. It was a tradition of how you get around government regulations, how you find chinks in controls, how you find those areas in which the free market operates and make the most of them. It was that tradition which had enabled the Jews to survive during centuries of persecution by the constituted authorities. Once in a while there would be a monarch who would intervene in favor of the Jews. But almost always that was because there had been a Jew who had accumulated enough money through the free market, through capitalism, to have loaned money to the monarch and have him in his debt. The story in the Bible of Esther is not a very usual story. That isn’t usually the way it occurs. Most of the time the Jews have survived despite the opposition of the powers that be, not because of them. And this ancient tradition of 2,000 years is still very much alive in Israel. And what I said at that time was that fortunately for Israel the ancient tradition is strongly renewable.

Now, let me go back to that in a modern context. I believe that there are few people in the world who have benefitted as much from capitalism and free enterprise as the Jews. Suppose you ask yourself in what countries it is that the Jews have been able to survive and thrive. They’ve been able to survive and thrive primarily in those countries that have had capitalism and free enterprise. They haven’t been able to survive and thrive in the socialist utopias of Russia or of Poland. They haven’t been able to, they weren’t able to survive and thrive in the national socialist state of Nazi Germany. They have been able to survive and thrive in places like Great Britain, in Germany when it was capitalist before Hitler, in France which is largely capitalist, and the United States. And more important, in what parts of those economies have they done best? In those parts where government has had the least role to play. You do not find in the United states that the Jews have done very well in large-scale manufacturing or in commercial banking, because those are areas which are very closely intertwined with government. In banking you need a governmental franchise. And there is probably no industry in the United States in which there are fewer Jews, surprising as it may seem, in major positions of responsibility than in the commercial banking industry. Where have they thrived? In the industries which have been most competitive, where there’s been the least monopoly, private or public: retaining, which was open to all; in new industries, in Hollywood. Why? Because it was a new, brand new industry. There were no settled positions of privilege or of power, no government involvement.

So, Jews have done best – and other minorities. I’m not only speaking of Jews. If you look at the Japanese in the United States, if you look at the blacks in the United States, in every case they have done best in those areas where you have had the greatest degree of competition; and they have done worst in those areas where you have had the most monopoly and the most governmental link to government. So on the one hand, there are no people in the world who have benefitted so much from capitalism as the Jews. Look at Israel. Suppose socialism had triumphed in the world. How would Israel have gotten support? Did Israel get support in its early and difficult days from the governments of the world? Or from people? And from what people? From the Jews who had managed to make a little bit of a competence for themselves and accumulated a little funds in the capitalist bastions of the world.

So, the Jews have benefitted enormously from capitalism. And yet on the other side – and that’s the issue you raise – here you have the paradox that the Jews have been among those who have contributed much to undermine the intellectual foundations of capitalism.

HEFFNER: Is this a dichotomy that exists in contemporary Israel too?

FRIEDMAN: Of course. Of course. It has existed.

HEFFNER: Then how will you make a contribution?

FRIEDMAN: Oh, well, you know how it is. I will make a contribution. I would be delighted to if I could. But you know, people ask for advice from people who they know will give them the advice they want to hear. Well, there’s no shortage of good economists in Israel. They are very good economists. They know what to do. And in fact, the economists in Israel have not been in favor of governmental policies in Israel. It’s like it has been in the United States, where the economists have been opposed uniformly to many governmental policies, such as the price-fixing policies I was talking about, such as rent control. Similarly, the economists in Israel have been almost unanimously opposed to some, many governmental controls and regulations. What’s happened in Israel is that you now have a new party that came into power. … It’s a party that proclaims it’s belief in private enterprise. It proclaims its desire to reduce the size of government and to give greater opportunities to individuals. Their objectives are excellent. I hope they achieve them. I’m not wholly confident that they will, in fact. I have many doubts about whether they will succeed. And a reason why they have asked me if I would advise them is because they know that I believe in a free economy and that their policy is my policy. And insofar as I can give any assistance, I am delighted to, both because of my general desire to see freedom prosper, and also because I have a very strong personal sympathy and interest in Israel. I am Jewish by origin and culture. I share their values and their belief. I share the admiration which many have had for the miracles that have occurred in Israel. So if I can make any contribution to a more effective policy for preserving Israel, Israel’s freedom and strength, I would certainly be delighted to do so.

July 20, 2012 – 6:43 am Categories: Milton Friedman | Post a comment

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Milton Friedman in 1999″The source of our prosperity in my opinion dates back to Mr. Reagan’s reductions in tax rates” https://thedailyhatch.org/2012/07/20/transcript-and-video-of-milton-friedman-on-bill-clinton-and-ronald-reagan-part-1/ …

 

Chris Martin of Coldplay says best song ever written was “Bitter Sweet Symphony” Why? It comes down to the meaning. https://thedailyhatch.org/2012/07/18/chris-martins-favorite-song-has-a-deep-meaning/ …

 

Brummett disagrees with Raport, Collins and wants Obamacare to come to Ark but it will lose money like the post office https://thedailyhatch.org/2012/07/17/cartoons-about-obamacare-from-dan-mitchells-blog/ …

 
July 20, 2012 – 1:01 am Categories: Current Events | Post a comment

Milton Friedman videos and transcripts Part 6

Milton Friedman videos and transcripts Part 6

On my blog www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching for Milton Friedman also.

Related posts:

Milton Friedman videos and transcripts Part 3

Milton Friedman videos and transcripts Part 3 On my blog http://www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching […]

Milton Friedman videos and transcripts Part 2

Milton Friedman videos and transcripts Part 2 On my blog http://www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching […]

Milton Friedman videos and transcripts Part 1

Milton Friedman videos and transcripts Part 1 On my blog http://www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching […]

“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 […]

Milton Friedman: GM and other failing businesses should have been allowed to fail

Businesses should be allowed to fail if they lose money. It is amazing to me that GM was not allowed to go out of business and the same is true for any other business that is losing money.   Uploaded by PenguinProseMedia on Dec 28, 2009. I got this following part off of youtube: In […]

“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 […]

Should Steve Jobs been ashamed of the sweat shops he used in China? (Part 1)

This is a very easy issue for me. Milton Friedman noted in 1973:  Sweatshops and child labor were conditions that resulted more from poverty than from laissez-faire economics. Wretched working conditions still exist in nations with all sorts of enlightened social legislation but where poverty is still extreme. We in the United States no longer […]

“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 […]

An open letter to President Obama

 Milton Friedman’s Free to Choose (1980), episode 1 – Power of the Market. part 1 January 29, 2012 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 […]

“Friedman Friday” (“Free to Choose” episode 3 – Anatomy of a Crisis. part 7of 7)

TEMIN: We don’t think the big capital arose before the government did? VON HOFFMAN: Listen, what are we doing here? I mean __ defending big government is like defending death and taxes. When was the last time you met anybody that was in favor of big government? FRIEDMAN: Today, today I met Bob Lekachman, I […]

“Friedman Friday” (“Free to Choose” episode 3 – Anatomy of a Crisis. part 6of 7)

worked pretty well for a whole generation. Now anything that works well for a whole generation isn’t entirely bad. From the fact __ from that fact, and the undeniable fact that things are working poorly now, are we to conclude that the Keynesian sort of mixed regulation was wrong __ FRIEDMAN: Yes. LEKACHMAN: __ or […]

“Friedman Friday” (“Free to Choose” episode 3 – Anatomy of a Crisis. part 5 of 7)

MCKENZIE: Ah, well, that’s not on our agenda actually. (Laughter) VOICE OFF SCREEN: Why not? MCKENZIE: I boldly repeat the question, though, the expectation having been __ having been raised in the public mind, can you reverse this process where government is expected to produce the happy result? LEKACHMAN: Oh, no way. And it would […]

July 19, 2012 – 3:00 pm Categories: Milton Friedman | Post a comment

Dan Mitchell of Cato Institute taking up for Romney

 

Why not be wise with your money like Romney has done? Why is that a bad thing?

Since Mitt Romney Won’t Defend Himself, I Guess It’s Up to Me to Debunk the Left’s Tax Haven Demagoguery

July 14, 2012 by Dan Mitchell

Earlier this year, I defended Mitt Romney and Bain Capital from the absurd accusation that they did something wrong by utilizing low-tax jurisdictions.

So-called tax havens, as I’ve explained on many occasions, play a valuable role in the world economy. Indeed, they should be emulated rather than persecuted.

In a follow-up post, I mocked ABC News for a ridiculous non-story as they tried to make Romney appear guilty for following good business practices.

The issue has become hot again, so I talked about Romney and tax havens with Jason Riley at the Wall Street Journal.

Dan Mitchell Defending Tax Havens (and Mitt Romney) on Wall Street Journal Online TV

Published on Jul 13, 2012 by

No description available.

_____________

Since nobody has claimed that Romney violated U.S. tax law, this kerfuffle only exists because the left wants to create the impression that tax havens are bad and then tar the GOP’s presumptive nominee with guilt by association.

Brian Garst of the Center for Freedom and Prosperity nails the issue in his column for the Daily Caller.

People who invest or bank overseas do not hate America. Oftentimes, they are simply banking where their money is earned to avoid the hassle of exchange rate and wire transfer fees. …It’s also smart practice to diversify. …Mitt Romney should not be cowed into shame over his banking practices just because he doesn’t strictly park his after-tax earnings in American banks, but should instead seize the opportunity to more aggressively defend against populist attacks on financial privacy and explain the benefits of jurisdictional tax competition.

That’s good advice, but I’m not holding my breath waiting for Romney to defend Switzerland and other jurisdictions with good policy. That would require an underlying belief in freedom and liberty, which seems to be lacking.

But you would think that he might respond by noting that many top Democrats directly invest in tax havens, and that presumably all of them – as I noted in my WSJ interview – are indirectly invested in these financial centers.

P.S. It’s probably a lost cause, but I’m an old-fashioned guy who thinks that people shouldn’t blatantly lie, so here’s my obligatory complaint that many politicians, journalists, and policy folks are repeating the debunked assertion that so-called tax havens deprive the U.S. Treasury of $100 billion per year. Obama threw around that make-believe number in the 2008 campaign, as seen in this video. But as shown in the final video of this post, the $100 billion figure was concocted out of thin air by a former John Kerry staffer, who confessed he made up the number when the Congressional Research Service asked for his methodology.

July 19, 2012 – 2:57 pm Categories: Cato Institute | Post a comment

Milton Friedman videos and transcripts Part 5

Milton Friedman videos and transcripts Part 5

On my blog www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching for Milton Friedman also.

Related posts:

Milton Friedman videos and transcripts Part 3

Milton Friedman videos and transcripts Part 3 On my blog http://www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching […]

Milton Friedman videos and transcripts Part 2

Milton Friedman videos and transcripts Part 2 On my blog http://www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching […]

Milton Friedman videos and transcripts Part 1

Milton Friedman videos and transcripts Part 1 On my blog http://www.thedailyhatch.org I have an extensive list of posts that have both videos and transcripts of MiltonFriedman’s interviews and speeches. Here below is just small list of those and more can be accessed by clicking on “Milton Friedman” on the side of this page or searching […]

Milton Friedman: Jewish tradition is so akin to capitalism but many Jews are socialists, what a paradox (Part 1)

Milton Friedman on the American Economy (5 of 6)   Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77 that […]

Milton Friedman:“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 6)

Milton Friedman on the American Economy (6 of 6)   Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77: Friedman: […]

Milton Friedman:“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 5)

Milton Friedman on the American Economy (5 of 6)   Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77: Friedman: […]

“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 […]

Milton Friedman:“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 4)

Milton Friedman on the American Economy (4 of 6)   Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77: Friedman: […]

Milton Friedman:“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 3)

Milton Friedman on the American Economy (3 of 6) Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77: Friedman: Now […]

Milton Friedman:“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 2)

Milton Friedman on the American Economy (2 of 6) Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77: Friedman: General […]

Milton Friedman:“A Nobel Laureate on the American Economy” VTR: 5/31/77 Transcript and video clip (Part 1)

Milton Friedman on the American Economy (1 of 6) Uploaded by donotswallow on Aug 9, 2009 THE OPEN MIND Host: Richard D. Heffner Guest: Milton Friedman Title: A Nobel Laureate on the American Economy VTR: 5/31/77 _____________________________________ Below is a transcipt from a portion of an interview that Milton Friedman gave on 5-31-77: THE OPEN […]

Discussion on Equality from Milton Friedman and Bradley Gitz

Milton Friedman – Redistribution of Wealth Uploaded by LibertyPen on Feb 12, 2010 Milton Friedman clears up misconceptions about wealth redistribution, in general, and inheritance tax, in particular. http://www.LibertyPen.com __________________ Check out this excellent article below on equality from today’s Arkansas Democrat-Gazette (paywall): What is equality? By Bradley Gitz This article was published today at 3:00 […]

“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 […]

July 19, 2012 – 2:54 pm Categories: Milton Friedman | Post a comment

Bobby Petrino to Texas in 2013?

When I started thinking about which school would have the best chance to get Bobby Petrino in 2013, I immediately thought of Tennessee because they are in the SEC. However, there is a downside to being in the SEC. The pressure to win the conference is about the same to win the national championship. Actually the last 5 years in the SEC West has produced 4 national champions. The SEC West is where Petrino coached while at Arkansas.

If Tennessee’s job came open I thought they would try and get Petrino. However, look at it from Petrino’s view. If Texas gets Mack Brown to retire which is definately a possibility then wouldn’t Petrino be more attracted to a job with the recruiting ability of Texas?

John L. Smith current Arkansas Razorback coach feels certain Petrino will be back in coaching in 2013.

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7/18/2012 at 4:15pm

HOOVER, Ala. — Arkansas players no longer wonder if Bobby Petrino is remorseful.

Petrino has reached out to several Razorback team leaders to apologize for mistakes that cost him his job and threatened to jeopardize what the team hopes will be a national title run. He was fired in April after a motorcycle wreck led to revelations of an affair with a member of the Arkansas football staff.

Players and coaches have recently visited with Petrino, who reached out to them.

“He apologized,” running back Knile Davis said. “He said, ‘I’m sorry for everything that happened.’ … He was very humble. He was very hurt. I told him not to be so hard on himself. I told him, ‘You made a mistake. You’ll get back from it.’ ”

Getting that conversation with Petrino out of the way should help the players move on, quarterback Tyler Wilson said.

Wilson has talked to Petrino twice since the accident. In the immediate aftermath of the wreck Wilson said he wasn’t sure what he’d have to say if Petrino called.

Details of the conversation weren’t plentiful, but Wilson said last week was actually the second time he and Petrino have talked since April. Petrino came across as remorseful.

“There was a little closure there,” Wilson said.

Arkansas players are willing and ready to move on from the turmoil of the spring. They’ll likely face a few more inquires about their former coach throughout the season, but SEC Media Days figures to be the bulk of it.

Petrino, however, still has questions to answer. Outside of two statements since his firing, Petrino has not spoken publicly, but it isn’t a stretch to think he’ll do it soon.

Rehabbing his image is one of the many steps Petrino will need to take to get back into coaching. He seems to be getting closer to talking based on his recent interaction with players and an increasing willingness to be seen publicly.

Earlier this week — just in time for the start of media days, in fact — Petrino was photographed serving as a caddy for his daughter in Louisville. It isn’t unusual for Petrino to spend time on the golf course with Katie, but the occasion is notable because he hasn’t been photographed since an April 3 press conference.

Petrino has been spotted in northwest Arkansas with members of his family and even golfed at least one Fayetteville course. Those recent photos of Petrino give the impression he is better physically than he was following the wreck. That image of him speaking to reporters in a neck brace with serious road rash on his face is hard to forget.

From talking with those close to Petrino it’s clear he still has healing to do from the accident and fallout. He’s sifting through wreckage and trying to salvage personal relationships, while still dealing with the physical impact of the wreck. Mentally and emotionally the situation has also apparently taken its toll.

Football is an afterthought at this time, but won’t be forever. And the end game for Petrino will be getting back on the sideline as soon as possible.

Prior to the wreck Petrino had image issues, but had managed to shift the focus to his on-field abilities. Thanks to 21 wins in two seasons and a couple of Top 10 rankings, it seemed like Petrino’s sideline antics and previous job departures were rarely the story.

Getting the focus back on his coaching ability is something he’d no doubt like to do soon. And it’s because of Petrino’s knack for scheming that current Razorback Coach John L. Smith sees Petrino, his former mentor and boss, resurfacing.

We’ll find out soon enough, Smith said.

It’s unclear what Petrino’s job prospects are at this time. Could he take a job as an offensive coordinator in college or the pros? Would a lower-tier program have interest or be of interest? Could a proud program that has fallen on hard times be willing to take on his baggage?

The only thing that doesn’t appear to be an option is a return to Arkansas. Razorbacks Athletic Director Jeff Long, who fired Petrino in April, said in a recent interview with KNWA-TV he would not consider bringing Petrino back.

But observers who know Petrino, like Smith, definitely expect him back in football.

“He’ll be back in it next year somewhere,” Smith said. “He’s going to want to coach.”

July 19, 2012 – 8:41 am Categories: Current Events | Post a comment

Wheaton College stands up to Obama administration

I have never been to Wheaton College but I feel close to it. My favorite teacher in highschool, Mark Brink, was a graduate of Wheaton (Billy Graham also attended) and I got to hear about it. Also Bill Elliff who was my pastor at First Baptist Little Rock told me a very interesting story about Wheaton. He said he got to jump in a car in 1970 to take a trip to Wheaton to hear a fellow from Europe speak and when he got there a short fellow with a funny beard named Francis Schaeffer spoke about abortion and infanticide and other subjects he was not aware of.

Of course, if you know anything about this blog then you know that Francis Schaeffer was one of my heroes. It is no surprise at all to me that Wheaton College is taking the steps they are below.

Jennifer Marshall

July 18, 2012 at 4:54 pm

Wheaton College, an evangelical institution, filed a lawsuit against the HHS mandate today, joining Catholic University of America in opposing the rule’s coercive trampling on religious liberty. The Becket Fund for Religious Liberty is representing Wheaton College in the school’s complaint. Left to right: John Garvey, President of Catholic University of America; William P. Mumma, President of the Becket Fund for Religious Liberty; Philip Ryken, President of Wheaton College.

Wheaton College, a leading evangelical postsecondary educational institution, has joined the chorus of organizations suing the Department of Health and Human Services (HHS) over its mandate requiring nearly all insurance plans to cover abortion drugs and contraception.

“Wheaton College and other distinctively Christian institutions are faced with a clear and present threat to our religious liberty,” said Dr. Philip Ryken, president of Wheaton College, in an announcement today that the evangelical institution has joined a lawsuit with the Catholic University of America (CUA) against the anti-conscience mandate. “Our first president, the abolitionist Jonathan Blanchard, believed it was imperative to act in defense of freedom. In bringing this suit, we act in defense of freedom again.”

Wheaton College is the fourth Protestant college to file suit against the HHS mandate (and, full disclosure, this author’s alma mater). The Illinois institution joins Colorado Christian University, Geneva College, and Louisiana College. In total, more than 50 institutions are participating in more than 20 lawsuits. These plaintiffs include Catholic hospitals, religious schools serving inner city children, and ministries providing hospice care and assistance to the developmentally disabled.

The HHS mandate lawsuits take on added significance since the Supreme Court ruling in late June that allowed Obamacare to stand. The mandate goes into effect on August 1. After that, as employers renew their health plans in the coming year, they will have to comply with the HHS mandate’s coercive requirement to cover abortion drugs, contraception, and sterilization—regardless of religious or moral objections.

As Ryken noted, the narrow religious exemption included in the final rule effectively only applies to churches and will provide no protection for countless religious employers that hold moral objections to the mandated services. In the case of Wheaton, coverage of abortion drugs would violate the commitment to protecting unborn life stated in the school’s “community covenant,” which is signed by faculty, staff, and students.

Throughout the spring, the Administration touted a so-called “accommodation” to the rule for non-exempt institutions. But that accommodation is nothing more than concept and holds no force of law. Moreover, the college views the rumored accommodation as a “shell game that does not resolve the moral issue that we have,” Ryken explained today.

Damage to religious liberty remains the fundamental problem, and the HHS policy sets an alarming new precedent, as Ryken explained: “The mandate, by providing an exemption for churches, but not for other religious institutions like Christian colleges, is in effect to create two classes of religious institutions in the U.S.: those that have full protection for their religious freedom and those who don’t.”

That serious challenge explains the evangelical-Catholic alliance among the plaintiffs, as Ryken noted in a press briefing with CUA President John Garvey today:

Wheaton College is a distinctively Protestant institution, in our hiring practices, in our theology, but we have a respect for Roman Catholic institutions and, in this case, we recognize that we have common cause with the Catholic University of America and other Catholic institutions in defending religious liberty. We’re, in fact, co-belligerents in this fight against government action. I think the fact that evangelicals and Catholics are coming together on this issue ought to be a sign to all Americans that something really significant in terms of religious liberty is at stake.

All Americans benefit from religious liberty, and we should all be prepared to defend it. Today’s news of Wheaton joining the legal challenge should call attention to the seriousness of the HHS mandate’s threat to religious freedom specifically and the potential for future collisions with conscience under centralized health care policy like that embodied in Obamacare.

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Francis Schaeffer pictured below:

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July 19, 2012 – 7:24 am Categories: Famous Arkansans, President Obama, Prolife | Post a comment

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