Milton Friedman Schools Phil Donahue (and Barack Obama) on Capitalism and Greed
RUSH: We have the 100th birthday today of Milton Friedman. Milton Friedman — some of you in this audience may not know — Milton Friedman, University of Chicago, a brilliant economist. He and his wife were a dynamo. They were a dynamic team. In economics, free market capitalism, Milton Friedman’s a rock star. Milton Friedman should be the Bible for young people, or anybody, trying to understand capitalism and free markets. Back in — I think the year was 1995. Back in 1995, I interviewed Milton Friedman for an issue of the Limbaugh Letter. That’s still the most widely read political newsletter in the country. You can subscribe to it.
You go to RushLimbaugh.com and you can get a combo subscription of that and Rush 24/7, the website.
Milton Friedman, while being interviewed by me — Snerdley will remember ’cause this is back in the days when Snerdley hung around to listen to the interviews taking place. I wish I could remember the exact words, but Milton Freidman paid me a high compliment. I think he suggested that it would be very helpful if more people listened to me. I think that’s what it was, wasn’t it? And that, believe me, made my month, day, even year, because Milton Friedman, if he wasn’t in a class all by himself, it certainly didn’t take long to call the roll. He ended up at the Hoover Institution, the conservative think tank out at Stanford.
Milton Friedman – Greed
He would be a hundred years old today. I have a sound bite I want to play for you. Actually, two sound bites. One sound bite is two minutes of Milton Friedman schooling Phil Donahue and his audience in greed and capitalism and virtue. Before that, though, I want to play for you a sound bite of “Barack Hussein Obama! Mmm! Mmm! Mmm!” reading the audio version of his book, The Audacity of Hope. This is Obama talking about a sermon by Reverend Wright that moved him.
OBAMA: It is this world, a world where cruise ships throw away more food in a day than most residents of Port-au-Prince see in a year. Where white folks’ greed runs a world in need. Apartheid in one hemisphere, apathy in another hemisphere. That’s the world on which hope sits.
RUSH: He was quoting Reverend Wright, and he said that’s for me, man, I love that. White folks’ greed runs a world in need. So let’s go to 1979, ancient times for many of you. We may as well be going back to the Roman Coliseum for this. Nineteen seventy nine, I was 28. Ancient times for many of you. Phil Donahue interviewing Milton Friedman, and they had this exchange. And Donahue starts off wanting to know about greed and capitalism. Here it is. And listen to this.
DONAHUE: When you see around the globe the…………