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Milton Friedman

2011-06-23T03:34:59Z

McMurphy:

[[Image:Trw6543.jpg|right|thumb|Milton Friedman]]

'''Milton Friedman''' (1912-2006) was an [[atheist]]ic[http://www.theamericanview.com/index.php?id=736] [[Nobel Prize]] winning [[libertarian]] [[economist]] who emphasized freedom. He was a leader of the [[Chicago School of Economics]] and made the [[University of Chicago]] the leading center for [[conservative]] economics. He was the favorite economist of many conservatives (including [[Ronald Reagan]]), in part because nearly all other economists have been [[liberal]]. Friedman was an early advocate of [[free choice in education]], such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref> Friedman received the 1976 [[Nobel Prize]] for [[economics]].

== Comments on the [[Great Depression]]==

{{Friedman-roosevelt-depression}}

==Chicago School==

In one celebrated case, Milton Friedman called a special meeting at the University of Chicago, where he taught, to prove that the [[Coase theorem]] was false. But within two hours of discussion, Friedman had the intellectual courage and objectivity to reverse himself and admit that he was wrong and Ronald Coase was right. Many lesser intellectuals can spend their entire lives refusing to admit that they were wrong about something.
[[Image:Monetary-history.jpg|thumb|right]]

==Quotes==

Milton Friedman in his own words:

:I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

:Maybe I did well and maybe I led the battle but nobody ever said we were going to win this thing at any point in time. Eternal vigilance is required and there have to be people who step up to the plate, who believe in liberty, and who are willing to fight for it.

:Concentrated power is not rendered harmless by the good intentions of those who create it.

:Underlying most arguments against the [[free market]] is a lack of belief in [[freedom]] itself.

:The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

:The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.

:Nothing is so permanent as a temporary government program.

:The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.

:If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

:The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

:Freedom in [[economic]] arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.

:The heart of the [classic] liberal philosophy is a belief in the dignity of the individual, in his freedom to make the most of his capacities and opportunities according to his own lights…This implies a belief in the equality of man in one sense; in their inequality in another.

:The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

:The most unresolved problem of the day is precisely the problem that concerned the founders of this nation: how to limit the scope and power of government. Tyranny, restrictions on human freedom, come primarily from governmental restrictions that we ourselves have set up.

:[[Inflation]] is the one form of taxation that can be imposed without legislation.

:Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

:Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.

:The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

:Governments never learn. Only people learn.

:Hell hath no fury like a bureaucrat scorned.

:History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

:Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

:The government solution to a problem is usually as bad as the problem.

:The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

:The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.

:The power to do good is also the power to do harm.

:There's no such thing as a free lunch.

:If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today’s standards, were willing to have government undertake activities that today’s liberals would not accept now that government has become so overgrown.

:We have a system that increasingly taxes work and subsidizes nonwork.

:Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

He attempted to explain [[economics]] to the general public, as in this appearance on the Phil Donahue show.<ref>http://www.youtube.com/watch?v=RWsx1X8PV_A&eurl=http://blog.financeandeconomicscenter.com/category/general-post/</ref>

== See also ==
* [[Chicago School of Economics]]
*[[Enterprise]]
*[[Capital]]
*[[Libertarianism]]
*[[Ludwig von Mises]]

== External links ==

*[http://www.hoover.org/bios/2811696.html Milton Friedman]
*[http://www.theinternetparty.org/issues/index.php?section_type=iss&cat_name=Free+Enterprise&td=20011016143944&page_sort=3 Milton Friedman's Pencil Theory and More...]

== References ==

<references/>

{{DEFAULTSORT:Friedman, Milton}}
[[Category:Economists]]
[[Category:Nobel laureates in Economics]]
[[Category:Libertarianism]]
[[Category:Fiscal Conservatives]]
[[Category:Former Liberals]]

Warren Buffett

2011-06-23T03:34:38Z

McMurphy:

[[Image:Warren Buffet.jpg|thumb|Warren Buffett]]
'''Warren Buffett''' (b. Omaha, [[Nebraska]], 1930) is an American businessman and philanthropist. According to [[Forbes]] he is at present the richest man in the world. Buffett is noted for his frugality despite his personal fortune (He still lives in the same house in [[Omaha]] he bought three decades ago for $31,500, and drives an older Lincoln Towncar).

<blockquote>
Over the past thirty-five years, Warren Buffett has emerged as arguably the greatest investor in American history. [http://beginnersinvest.about.com/cs/warrenbuffett/l/blwarrenbuffett.htm]
</blockquote>

In 2007 he announced that most of his fortune would be administered by the [[Gates Foundation|Bill & Melinda Gates Foundation]]. He pledge 10 million shares of Berkshire Hathaway stock to the foundation, and as of 2010 has deliver 25% of the pledged shares, valued at around $6 billion. [http://www.gatesfoundation.org/about/Pages/implementing-warren-buffetts-gift.aspx]

Susie, his wife died in 2004, at 72.

Despite his reputation for entrepenuership and successful business management, Buffett endorsed Democratic candidate [[Barack Obama]] during the [[2008 United States Presidential Election]]. He is also an affirmed [[agnostic]][http://www.theamericanview.com/index.php?id=649].

== See also ==

*[[Carlos Slim]]
*[[Bill Gates]]

== External links ==

*[http://www.berkshirehathaway.com/message.html A Message From Warren E. Buffett]

[[Category:Business]]
[[Category:Business People]]
{{DEFAULTSORT:Buffett, Warren E.}}

Bill Gates

2011-06-23T03:34:18Z

McMurphy:

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| style="text-align: center; padding: 10px 40px 10px 40px;" | [[Previous_Breaking_News/Bill_Gates| Previous Breaking News:<br>Bill Gates]]
|}
[[Image:Technet gates.jpg|right|frame]] '''William (Bill) Henry Gates III''' (Seattle 1955 - ) is an [[agnostic]][http://www.theamericanview.com/index.php?id=649] [[American]] businessman who was declared the richest person in the world from 1995 through 2007 according to ''Forbes''.<ref>http://www.forbes.com/business/2007/04/11/billionaires-helu-telecom-biz-cz_hc_0411helu.html</ref>. Founder and Chairman of [[Microsoft]] Corporation, he is seen as one of the entrepreneurs that made the personal [[computer]] revolution, although it is difficult to identify any innovations that actually came from his company. Many have criticized the anti-competitive and anti-innovative tactics of his company.

Gates began programming computers at age 13; in 1973, Gates entered [[Harvard University]]. There he developed a version of the programming language BASIC for the first microcomputer - the MITS Altair. In his junior year, Gates left Harvard to devote his energies to Microsoft, a company he founded in 1975 with his childhood friend [[Paul Allen]].<ref>http://www.microsoft.com/presspass/exec/billg/bio.mspx</ref>

His wealth is largely the result of the contract negotiated by his father's law firm with [[IBM]] for the operating system of the first personal computer. The contract gave Bill Gates' small company unusually advantageous rights. As the computer industry soared, Microsoft's unique position gave it monopoly power and profits. Two decades later, the Court of Appeals for the [[D.C. Circuit]] held that Microsoft had engaged in unlawful monopolistic behavior.

In 1995, Gates wrote "The Road Ahead" (with Nathan Myhrvold and Peter Rinearson), which embarrassingly omitted any mention of the internet in its first edition. In 1999, Gates wrote "Business @ the Speed of Thought".

Bill Gates has donated billions to a private foundation that his family controls. Because of his philanthropic activities Time magazine awarded him and his wife Melinda Gates, the "Person of the Year" for 2005 along with rock star Bono<ref>http://www.time.com/time/magazine/article/0,9171,1142278,00.html</ref>. On 2004 he was honored as Knight Commander of the Order of the British Empire.

Bill Gates and Melinda French Gates have three children, Jennifer Katharine, Rory John and Phoebe Adele. Gates likes to read and plays golf and bridge.

While Bill Gates has described himself as an [[atheist]], his wife Melinda Gates is a [[pro-life]] [[Catholic]] considered to be responsible for reducing donations of the Gates wealth directly to fund [[abortion]]. Nevertheless, the [[Gates Foundation]], a charitable foundation established by Bill and Melinda Gates which is especially known for work on HIV/AIDS in Africa, provides substantial grants to organizations that promote abortion, such as the [[Planned Parenthood]] of Western Washington (recipient of a $200,000 grant from the Gates Foundation in January 3, 2007 for a youth development program). Moreover, a smaller percentage of grants by the Gates Foundation supports faith-based programs than even the federal government does.

The UK Independent reported on July 5, 2007 that Bill Gates "has acquired a major stake in a homosexual activist publishing company. ... The online material put out by the company features hard core homosexual pornography."<ref>http://www.lifesite.net/ldn/2007/jul/07070509.html</ref>

Gates' last official day of work at Microsoft was June 27th, 2008. He remains chairman of the Microsoft board of directors and its largest shareholder.<ref>http://www.breitbart.com/article.php?id=080622023728.dfhtivcb&show_article=1</ref>

== See also ==

*[[Microsoft]]
*[[Debate:Does "free trade" increase wealth rather than simply redistribute it?]]
*[[Economics Lecture Ten]] Antitrust Laws.
*[[Carlos Slim]]
*[[Previous Breaking News/Bill Gates|Articles about '''Bill Gates''' from previous "Breaking News"]]

== External links ==

*[http://www.microsoft.com/presspass/exec/billg/bio.mspx Bill Gates' profile at Microsoft site]
*[http://www.woopidoo.com/biography/bill-gates.htm Bill Gates Biography] Woopidoo, Biographies of business leaders.
*[http://www.gatesfoundation.org/default.htm Bill and Melinda Foundation,]

== References ==
<references/>

{{DEFAULTSORT: Gates, Bill}}
[[Category:Business People]]

User talk:McMurphy

2011-06-23T03:28:47Z

McMurphy: Created page with "Hello, I am McMurphy (real name Randall)! I am a business major and life long Christian, and I have been visiting and learning from Conservapedia for some time and it has definit..."

Hello, I am McMurphy (real name Randall)! I am a business major and life long Christian, and I have been visiting and learning from Conservapedia for some time and it has definitely helped shape my world view.

==Steering Businessmen away from [[Atheism]]==
One of my main goals is to lead aspiring free-market future businessmen away from Godlessness and towards the right, true, and profitable path: Jesus! I do this by searching the internets and finding amazing businessmen and checking their religious status. If they don't love God, I say a prayer for them, then add this to their profiles here.

Why do I do this? Imagine you're a young whipper-snapper just starting to learn about laissez-faire economics, and you go searching for some heroes. You find Ayn Rand, Warren Buffett, Bill Gates, all sorts of people who have made America great and powerful, and you wonder "Where does their faith stand?" Then you find out-gasp!- they don't believe in God! I know lots of impressionable kids in colledge who have been led astray like this.

If you want inspirational business ethics, it's OK to look towards people like I mentioned, just don't believe in their faith! And do as I do, say a little prayer for them, so that they can rejoin God and make even more money!

Milton Friedman

2011-06-17T18:46:51Z

McMurphy:

[[Image:Trw6543.jpg|right|thumb|Milton Friedman]]

'''Milton Friedman''' (1912-2006) was an [[atheist]]ic[http://www.commentarymagazine.com/article/milton-friedman-by-lanny-ebenstein/] [[Nobel Prize]] winning [[libertarian]] [[economist]] who emphasized freedom. He was a leader of the [[Chicago School of Economics]] and made the [[University of Chicago]] the leading center for [[conservative]] economics. He was the favorite economist of many conservatives (including [[Ronald Reagan]]), in part because nearly all other economists have been [[liberal]]. Friedman was an early advocate of [[free choice in education]], such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref> Friedman received the 1976 [[Nobel Prize]] for [[economics]].

== Comments on the [[Great Depression]]==

{{Friedman-roosevelt-depression}}

==Chicago School==

In one celebrated case, Milton Friedman called a special meeting at the University of Chicago, where he taught, to prove that the [[Coase theorem]] was false. But within two hours of discussion, Friedman had the intellectual courage and objectivity to reverse himself and admit that he was wrong and Ronald Coase was right. Many lesser intellectuals can spend their entire lives refusing to admit that they were wrong about something.
[[Image:Monetary-history.jpg|thumb|right]]

==Quotes==

Milton Friedman in his own words:

:I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

:Maybe I did well and maybe I led the battle but nobody ever said we were going to win this thing at any point in time. Eternal vigilance is required and there have to be people who step up to the plate, who believe in liberty, and who are willing to fight for it.

:Concentrated power is not rendered harmless by the good intentions of those who create it.

:Underlying most arguments against the [[free market]] is a lack of belief in [[freedom]] itself.

:The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

:The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.

:Nothing is so permanent as a temporary government program.

:The society that puts equality before freedom will end up with neither. The society that puts freedom before equality will end up with a great measure of both.

:If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

:The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.

:Freedom in [[economic]] arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.

:The heart of the [classic] liberal philosophy is a belief in the dignity of the individual, in his freedom to make the most of his capacities and opportunities according to his own lights…This implies a belief in the equality of man in one sense; in their inequality in another.

:The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

:The most unresolved problem of the day is precisely the problem that concerned the founders of this nation: how to limit the scope and power of government. Tyranny, restrictions on human freedom, come primarily from governmental restrictions that we ourselves have set up.

:[[Inflation]] is the one form of taxation that can be imposed without legislation.

:Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

:Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.

:The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

:Governments never learn. Only people learn.

:Hell hath no fury like a bureaucrat scorned.

:History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

:Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

:The government solution to a problem is usually as bad as the problem.

:The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

:The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.

:The power to do good is also the power to do harm.

:There's no such thing as a free lunch.

:If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today’s standards, were willing to have government undertake activities that today’s liberals would not accept now that government has become so overgrown.

:We have a system that increasingly taxes work and subsidizes nonwork.

:Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

He attempted to explain [[economics]] to the general public, as in this appearance on the Phil Donahue show.<ref>http://www.youtube.com/watch?v=RWsx1X8PV_A&eurl=http://blog.financeandeconomicscenter.com/category/general-post/</ref>

== See also ==
* [[Chicago School of Economics]]
*[[Enterprise]]
*[[Capital]]
*[[Libertarianism]]
*[[Ludwig von Mises]]

== External links ==

*[http://www.hoover.org/bios/2811696.html Milton Friedman]
*[http://www.theinternetparty.org/issues/index.php?section_type=iss&cat_name=Free+Enterprise&td=20011016143944&page_sort=3 Milton Friedman's Pencil Theory and More...]

== References ==

<references/>

{{DEFAULTSORT:Friedman, Milton}}
[[Category:Economists]]
[[Category:Nobel laureates in Economics]]
[[Category:Libertarianism]]
[[Category:Fiscal Conservatives]]
[[Category:Former Liberals]]