Interesting. So Ford evidently had reason to think that the average liability cost for a life was only $200K. That seems low, even for that time period. I guess this is what Uncle Miltie was getting at in his response - that the fact that Ford reasoned that it was more beneficial to leave out the $13 part indicated a failure in the courts to hold them responsible.
In my mind, both Moore and Miltie misdiagnose the problem. The limited liability corporation is an abominable creation of the govt, and is what leads to the type of mathematical rationalizing that Ford practiced here and that modern day corporations practice daily. What if the Ford decision makers were liable for manslaughter for producing a car that a court deemed unsafe? I don't think, if that were a possibility, they'd have left out the part.
If I were God, I'd tap mankind on the shoulder and suggest that we revisit two horrible legal constructs; the limited liability corporation and legally protected fractional reserve banking.
—
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson
Submitted by Cyril on Wed, 03/20/2013 - 05:37. Permalink
Yes, thanks for the refresher. I stumbled upon that one a while ago. Was pretty interesting to watch.
The Moore kid just wasn't able to actually get Friedman's point. You can see it with some of the expressions on his face, but, "okay" he had at least "the excuse" of ignorance in his state of youth... maybe...
"Gosbank did not act as a commercial bank in regard to the profit motive. It acted, theoretically, as an instrument of government policy. Instead of independently and impartially assessing the creditworthiness of the borrower, Gosbank would provide loan funds to favored individuals, groups and industries as directed by the central government."
Does that ring a bell, Michael?
Oh! Maybe it's more convenient to omit, in your case?
Freaking idiot. Freaking GROSS IGNORANT.
I was right once again. As, not always, but regularly.
Yep, Michael sees many of the problems clearly but like others on the progressive left he maintains the silly notion that with central authority intact, and with "good" guys in charge, things will be just fine.
If we could just get well meaning libs like him to accept the reality that it's the concentration of power, not the guys wielding it, that is the problem.
He blames the corporations, when it's the govt that created and empowers them. It's like blaming Frankenstein's monster rather than Frankenstein himself.
—
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson
Michael Moore Admits
Michael Moore Admits to Shadow Government, Military Industrial Complex, and Banking Elite on CNN.
Let me guess. Nazis.
Luke 3:38
Isaiah 43:3-5
M. Moore
is the same idiot he has been all his life.
http://www.moddb.com/groups/pro-capitalism/videos/milton-fri...
Alternate link,
Alternate link, too:
http://youtu.be/iJahmMWlVSo
(Friedman really "destroys" young Moore at 4 min 15 secs and on, IMO. Quite entertaining.)
My name's pronounced like "see real". Its root is "Lord".
"The demand of a great people is always at the scale of its most serious misfortunes." --De Gaulle
http://Laissez-Faire.Me/Liberty
The kid in that video isn't
The kid in that video isn't Michael Moore, contrary to popular belief.
Thank you for fixing my ignorance.
Thank you for fixing my ignorance.
Too bad this fixes nothing about today's Mr. Michael Moore. Or does it?
Let's just hope the young man in the video could get a clue, eventually. (Unlike Mr. Moore who has been out of luck getting himself a brain thus far.)
What's this kid/man's name, in the video, then... mind to share?
Thanks!
My name's pronounced like "see real". Its root is "Lord".
"The demand of a great people is always at the scale of its most serious misfortunes." --De Gaulle
http://Laissez-Faire.Me/Liberty
Interesting. So Ford
Interesting. So Ford evidently had reason to think that the average liability cost for a life was only $200K. That seems low, even for that time period. I guess this is what Uncle Miltie was getting at in his response - that the fact that Ford reasoned that it was more beneficial to leave out the $13 part indicated a failure in the courts to hold them responsible.
In my mind, both Moore and Miltie misdiagnose the problem. The limited liability corporation is an abominable creation of the govt, and is what leads to the type of mathematical rationalizing that Ford practiced here and that modern day corporations practice daily. What if the Ford decision makers were liable for manslaughter for producing a car that a court deemed unsafe? I don't think, if that were a possibility, they'd have left out the part.
If I were God, I'd tap mankind on the shoulder and suggest that we revisit two horrible legal constructs; the limited liability corporation and legally protected fractional reserve banking.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson
Yes, thanks for the refresher.
Yes, thanks for the refresher. I stumbled upon that one a while ago. Was pretty interesting to watch.
The Moore kid just wasn't able to actually get Friedman's point. You can see it with some of the expressions on his face, but, "okay" he had at least "the excuse" of ignorance in his state of youth... maybe...
Now, today... 2013.
Well, you get my point.
My name's pronounced like "see real". Its root is "Lord".
"The demand of a great people is always at the scale of its most serious misfortunes." --De Gaulle
http://Laissez-Faire.Me/Liberty
Yeah. Right.
(I've watched it. Thank you.)
Yeah. Right. The big banks and Wall Street and the military industrial complex. 'Sure it's ONLY THAT, Michael?
Tsk tsk tsk tsk tsk.
Dear friend Michael Moore seemingly still HAS NOT NOTICED the CENTRAL BANKING Federal Reserve System put in place in 1913...
... by HIS COLLECTIVISTS, CENTRAL PLANNERS FRIENDS posing as "bankers".
http://en.wikipedia.org/wiki/Gosbank
"Gosbank did not act as a commercial bank in regard to the profit motive. It acted, theoretically, as an instrument of government policy. Instead of independently and impartially assessing the creditworthiness of the borrower, Gosbank would provide loan funds to favored individuals, groups and industries as directed by the central government."
Does that ring a bell, Michael?
Oh! Maybe it's more convenient to omit, in your case?
Freaking idiot. Freaking GROSS IGNORANT.
I was right once again. As, not always, but regularly.
Oh well. I should cool off for today.
Peace.
My name's pronounced like "see real". Its root is "Lord".
"The demand of a great people is always at the scale of its most serious misfortunes." --De Gaulle
http://Laissez-Faire.Me/Liberty
Yep, Michael sees many of the
Yep, Michael sees many of the problems clearly but like others on the progressive left he maintains the silly notion that with central authority intact, and with "good" guys in charge, things will be just fine.
If we could just get well meaning libs like him to accept the reality that it's the concentration of power, not the guys wielding it, that is the problem.
He blames the corporations, when it's the govt that created and empowers them. It's like blaming Frankenstein's monster rather than Frankenstein himself.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny." - Thomas Jefferson
Hell is paved with good intentions.
Hell is paved with good intentions.
Vastly covered by HIGHWAYS of them.
My name's pronounced like "see real". Its root is "Lord".
"The demand of a great people is always at the scale of its most serious misfortunes." --De Gaulle
http://Laissez-Faire.Me/Liberty
Michael Moore is a conspicuous socialist
I may or may not watch. But thanks for sharing out of curiosity. Who knows. Maybe I'll hear something new out of his mouth, for a change. But still:
Michael Moore is a conspicuous socialist almost unbearable to hear when you're already not having a good day.
Bring that big boy to me in a debate, any time.
I'd have him as a breakfast. And I'd STILL be hungry.
ANY TIME.
Freaking envious idiot he is.
My name's pronounced like "see real". Its root is "Lord".
"The demand of a great people is always at the scale of its most serious misfortunes." --De Gaulle
http://Laissez-Faire.Me/Liberty
Here's the full interview
http://www.youtube.com/watch?v=IQK0mkDCiDI
I don't have time to watch it right now, but FYI.
He was on the full hour
so there is more if you can take Him and Piers crying about how they can't control the guns.
Exercise Your Rights. If You Don't Use Them, You Will Lose Them.
My News Twitter http://twitter.com/sharpsteve
My YouTube http://www.youtube.com/user/sharpsteve2003
Bump
:)
Exercise Your Rights. If You Don't Use Them, You Will Lose Them.
My News Twitter http://twitter.com/sharpsteve
My YouTube http://www.youtube.com/user/sharpsteve2003