The Start of Reagonomics and Free Market Deregulation

The Start of Reagonomics and Free Market Deregulation

Creator of Free Market Economics
Creator of Free Market Economics

Milton Friedman

(July 31, 1912 – November 16, 2006) was an American Nobel Laureate economist and public intellectual. He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.[1] A global public followed his restatement of a libertarian political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession. Friedman’s many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues. The Economist hailed him as “the most influential economist of the second half of the 20th century…possibly of all of it”.[2]

His views of monetary policy, taxation, privatization and deregulation informed the policy of governments around the globe, especially the administrations of Ronald Reagan in the U.S., Brian Mulroney in Canada, Margaret Thatcher in Britain, Roger Douglas in New Zealand, and Augusto Pinochet in Chile, and (after 1989) in Eastern Europe.

Greenspan, Bush 41 and Bush 43 are economic disciples of the Trickle Down Theory of Economics!

What a disaster! This economic theory almost destroyed a country!

The rich get richer and the poor get poorer, that is the whole stance of the repubican welfare system. I can not even believe that McCain has the nerve of accuse Barack Obama of Socialism! Marxist Socialism!!

Espeically after the 750 Billion handout that McCain and Bush and all of their croonies are handing out to their pals on Wall Street!

This is the highest form of TREASON! 

Taking the hard working dollors of the American workers and giving the money to the very Rich and the people that caused the disaster to happen in the first place.

This failed economic theory has never worked. Somewhere in the back of my mind, I am thinking that they may have not planned for it to work in the first place. Now that they have lined their pockets with CASH, they are taking off with the CHINA!

I think the main reason that McCain and the Republican party want to win, is that they don’t want a full investigatin of what really happened on Wall Street!

If by the help of God we are able to do a full investigation, we will find out that the true crooks that are behind this disaster planned the whole thing, and will be found guilty of their crimes.

Then finally go to jail, the place >>>>>>> WHERE THEY ALL BELONG!!! <<<<<<<<<<<<<