The Answer Has ALWAYS Been In Front of Us

Jim Sinclair’s Mineset reminds us of the great Milton Friedman’s elegant message.

Most people misunderstand Gordon Gekko’s line in the film Wall Street when he said “Greed is good.” The slick, suspendered Gekko made it seem like an evil statement, but Friendman points out that humans don’t reward virtue, they do things for self-interest.

As a young Economics student in the late 70s and early 80s, my interest and belief in the theories of Dr. Friedman were met with scorn by my Keynesian professors.

Well, they were wrong, and their resurgence by the Obama regime will doom millions of us to economic misery, and eventually will sentence millions (if not billions) humans to death by the next World War that is inevitable as our bubble world economy bursts.

Sadly, Donohue hasn’t begun to see misery in the world, yet.

Posted in Economy, Featured
Tags: Bailout, Deflation, Depression, Economy, Inflation, Milton Friedman, Phil Donohue, Recession