Friedrich Hayek - with Milton Friedman (1999) | THINK TANK

Original air date: June 26, 1999
On the 100th anniversary of his birth, Think Tank looks at the life and ideas of arguably one of the most influential thinkers of the 20th century, Friedrich Hayek.
Host:
Ben Wattenberg - senior fellow, American Enterprise Institute
Panelists:
Milton Friedman - Nobel Prize-winning economist
Dean Baker - senior research fellow at both the Preamble Center and the Century Foundation
Karen Vaughn - professor of economics at George Mason University
Ronald Hamowy - research fellow at the Independent Institute and Emeritus professor of history at the University of Alberta
"Think Tank with Ben Wattenberg" was a discussion program that aired on the Public Broadcasting Service (PBS) from 1994 to 2009, hosted by AEI Senior Fellow Ben Wattenberg. AEI offers uncut episodes of "Think Tank with Ben Wattenberg" as an academic resource that shows how American political thought has evolved on some issues and stayed the same on others.
"Think Tank with Ben Wattenberg" is licensed to AEI by Grace Creek Media, the successor of New River Media and BJW, Inc. "Think Tank with Ben Wattenberg" © Grace Creek Media
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[@martonk]

From the title I thought this was going to be a never before seen interview between Hayek and Friedman, so I clicked super fast 🙃

[@barryweiss9977]

Keep bringing more Friedman. Please

[@carlasabotta3750]

This is an interesting discussion. Please schedule another discussion on this topic as it continues to be very relevant.

[@JaviEngineer]

Check out Hoover Institution then, pretty good panel discussions happen with The Good Fellows. Richard A. Epsteins podcast The Libertarian. It would be kinda hard to reschedule, I wonder how many of the guests are still alive

[@spencerantoniomarlen-starr3069]

This video is from the 90s.

[@zack_120]

These scholars' clearity and speed of thinking are imoressive , very enjoyable to watch, lesten

[@Nova2Yung]

I was 12 months old when this video was made, fascinating

[@darrisrhymes8893]

I was born in 1999 so I watched the video

[@nelumkalachuchi1154]

If the intellectual right is not protected, there will be less motivated to create

[@spawnlink]

"Copyright is in the Constitution!" And? That's not an argument. It's a, very clearly worded, *optional* power of Congress. As is a postal service. Doesn't mean it's good, moral, economical, etc.

[@MrDanielfff777]

I got road to serfdom this month

[@TheCruxy]

Austrian School > Chicago School > Neo-Classical > Classical > Keynesianism > Marxism Mises convinced Hayek from Socialism to Libertarianism, that was like catching a missile to use against who fired it, why no mention of him? Hayek’s Knowledge critique of Socialism is ‘good’, but Mises’ critique is ironclad solid The Mises-Rothbard-Hoppe branch of Libertarianism was overshadowed by the corporate press branding Hayek and Friedman as the leaders of Libertarian thinking

[@1080lights]

Hayek and Friedman were actually accomplished in their field, not merely weirdo cult leaders like Rothbard or Hoppe. I’m hard pressed to find a single relevant or useful work of technical economics that these bozos every brought forth.

[@TheCruxy]

@@1080lights what about the Austrian Theory of the Business Cycle

[@spencerantoniomarlen-starr3069]

The UCLA School of Economics is just as good as The Austrian School.

[@stubryant9145]

How about we regard our Constitution itself as the framework already determined? Case law is problematic because it is generally relative. Certainly there will be a measure of messiness around the edges of the frames. But to imagine that we must continually evolve in some forced DND formal way is to abandon the splendid framework and foundation for our freedom. So yes to smaller government, but only with the greatest caution shall we dare alter the framework. Allowing government to become the answer was absolutely a step towards implosion.

[@investorbettor505]

*Bitcoin enters chat*

[@henriquezaguila923]

I want the government away from most of my affaires. I'm only willing to pay taxes for security.

[@martinheidegger517]

Usa given up production let the chinese make it we'll just buy it from them. Thats turning out well.

[@jlaker7]

Ugh.... Dean Baker is insufferable.

[@spawnlink]

Indeed. He was clearly ignorant of history (legal and otherwise.) His comments on the FCC show gross ignorance in the topic. The closest thing he was to being "good" was the soft criticism of intellectual property. The host's response was terrible.

[@mwineowen4446]

"I want people to sell my books without my permission and give me nothing" How stupid is that guy

[@dosphari]

I searched just to find this comment. Just look at his facial expression when he said it, he knows he's bullshxting.

[@DaxB055King]

Sounds like this guy is a crooked joke

[@GeorgeBailey2]

Vaughn understands it, Baker does not. He is the opposite of impressive.