John Kenneth Galbraith on Regulations (1971)

John Kenneth Galbraith discusses the issue of regulating wages and the prices of consumer goods.
»»﴿───► See more on the Authors Playlist: • Authors and Literature
Check out our Patreon rewards! / manufacturingintellect
This is from the TV series, "The Advocates", which in this episode debates the question, "Should the Government Adopt Long-Term Wage and Price Controls for Selected Unions and Industries?" Appearing in this clip are Victor Palmieri, Howard Miller, and William Rusher.

[@ManufacturingIntellect]

Join us on Patreon! www.patreon.com/ManufacturingIntellect Donate Crypto! commerce.coinbase.com/checkout/868d67d2-1628-44a8-b8dc-8f9616d62259 Share this video!

[@econometrics469]

Being allowed to complete more than a quarter sentence is helpful to a discussion

[@thefakenewsnetwork8072]

Legend john kenneth galbraith

[@abcrane]

Galbraith was/is an economist for the people, regardless of his remedies, good or bad. so many economists are economists for politicians and corporations. Galbraith swam upstream in a river of leeches and water snakes. the way this Rusher gaslights him is symptomatic of the greater disease inflicting the economy. he shuts down a critical discussion to spare his own sorry pathetic ego-identity. Galbraith is not in a debate here, he is on trial!

[@roughhabit9085]

“Pressures which come from the large pay increases extorted by unions”

[@jasonzcomedy]

He keeps bringing up real estate because the Real Estate companies are what funded the Foundation for Economic Education so they had a lobby against regulation and eventually form a political party that advocates for their interests under the banner of “liberty”

[@SierraSierraFoxtrot]

Only at 8:30 does Galbraith finally lose patience and asks Rusher to let him answer... He was far too accomodating.

[@ManufacturingIntellect]

The format of ten minutes per person seems far too short too. This same episode featured Milton Friedman and William F Buckley (I uploaded those segments too). I would have loved to hear them actually debate each other.

[@TheLolbot3000]

SierraSierraFoxtrot yeah Rusher is the worst kind of televised debate personality, jumping in constantly to score cheap points

[@pete1853]

That Rusher guy was a pompous asshole throughout. And I tend to agree with the arguments of his side. He only hurts his side of the argument by being a jerk.

[@Pablo123456x]

Manufacturing Intellect Wow it would have been awesome to watch a debate between those three. A discussion between a first grade conservative, a libertarian and a progressive.

[@beguiledfoil]

@@pete1853 I got bad news about the economic right, Pete

[@PaulGruendlerBeau]

This was 1971. By 1974 there was an acknowledged ''recession".

[@patcharasethphetcharat5207]

Yeah, I might have a question why did Galbraith think real estate market were weak during that time????

[@nocucksinkekistan7321]

It's very competitive.

[@16ft2in]

"Practically stable prices"

[@pablomarinaro]

Años de esa política monetaria y donde quedó mi país. Lejos en la línea de partida de la emigración

[@mkasvcb6209]

Thanks good anderstand prifect 👌 👌 👌 💖 💕 💖 🌾⚓

[@carlkolchak4437]

rusher is a william f buckley jr. wannabe. a poor mans version.

[@Hastur876]

Difference is Buckley would get up and kick Rusher's teeth in on live TV if he interrupted him.

[@HoussamNekkaa]

the real estate market is a weak market goddammn