Don’t Blame Capitalism, said Milton Friedman

March 25, 2009 by Steve Schultz @GeniusbyOsmosis
Filed under: News

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I had this blog post emailed to me by Chris Rants, Member of the Iowa House of Representatives, District 54. I was very pleased because I always like shout outs to locals here in Iowa.

Anyway, everywhere we go, with the exception of maybe the National Review, it seems everyone is telling us why capitalism has failed us. This trend, having been lead by the liberal drive by media (yes, I know, saying liberal was rather redundant) it actually convincing Americans that it’s true. Capitalism ruining our country?? IT’S ABSURD!!!!!

Take it from Milton Friedman in the video below. See how many NBC news casters or commentators can dispute what he has to say. Capitalism didn’t ruin our economy. We did! We are the ones that spent more than could, we are the ones that tens of thousands of dollars in credit maxed out. We dug ourselves a hole many, now, can’t climb out of.

Every attack on capitalism I have heard thus far is not exclusive to capitalism. Even if some of these attacks are legitimate (though I haven’t found one that is) they are applicable to every other kind of economy and government. Capitalism works. It’s why we have the standard of living we do. Still not convinced, listen to Friedman.