#video

The Nobel Prize-winning economist says the Iron Triangle of Politics must be defeated to cut down the government for good.

"Wise words," wrote Elon Musk about this 1999 viral clip described as "Milton Friedman casually giving the blueprint for DOGE [the Department of Government Efficiency]" as he ticks off a list of federal government agencies he'd be comfortable eliminating.

Musk is right. Friedman, a Nobel Prize–winning libertarian economist, did offer a solid blueprint for creating a smaller, less intrusive government. At the peak of his fame, he seemed poised to influence an American president to finally slash the federal bureaucracy.

But those efforts ended in disappointment because they were blocked by what Friedman called the Iron Triangle of Politics.

Slashing government waste and making the federal bureaucracy more accountable are incredibly important. But President Donald Trump and Musk are hitting the same wall President Ronald Reagan did more than four decades ago.

Now more than ever, it's time to pay attention to Milton Friedman's advice for how to defeat the tyranny of the status quo.

DOGE's mission to rein in our catastrophic debt and unrestrained federal government is one of the most important political battles of our time. But it's a mission that will need more than a single executive agency to ultimately succeed: It needs a mass political movement.

#video #free_trade

Tariffs aren't new—neither is the misguided notion of "reciprocal" ones. Milton Friedman cut through this fallacy with clarity: When other nations restrict trade, they harm their own citizens. When we respond with our own tariffs, we merely punish our citizens, too. After all, you don't fix holes in the bottom of the boat by shooting more holes in it. Free trade benefits America regardless of what other countries do. Refusing to buy something at the best price available is simply bad business.

What happens if economic policy incentivizes the Scottish to produce more wine and fewer sheep? Everyone gets less wine, less haggis, and higher prices. Andrew Heaton explains.

You've probably heard that President Donald Trump is prepared to slap some huge tariffs on nearly all imports from Canada and Mexico this week.

#video #economics #war_on_trade

6 years ago, I reported on a man whose town fined him $35K for overgrown grass. When he couldn't pay, the city moved to TAKE his home. Here's what's happened since.

Why did politicians send war plans on Signal? They didn’t. Those were W.A.R schematics which are different. 🤪

To better understand the odds for success of the economic policies of the new Trump Administration, it helps to talk to someone with first-hand experience in managing the Federal budget.

Today's guest, has been a true insider in both Washington DC and Wall Street for his extremely long & accomplished career.

We're fortunate today to speak with former Congressman, economic policymaker & financier, David Stockman -- who served a the Director of the Office of Management and Budget under President Ronald Reagan.

He's also the author of the new book: 'How To Cut $2 Trillion: A Blueprint From Ronald Reagan’s Budget Cutter To Musk, Ramaswamy And The DOGE Team'.

We'll hear his advice for bringing the runaway fiscal deficit under control, and whether he thinks the Administration is indeed up to the task.

https://tube.tchncs.de/w/kQYqd761yih9A4d9G48p5U
oder

https://www.youtube.com/watch?v=AJhikD31xzk

#running #trailrunning #laufen #video

How a helicopter built of phone parts survived Mars for 3 years.

The work is mysterious and abhorrent.