Milton Friedman Part I: Economics 101

Part I: Economics 101

Bloomberg Money recently printed an article extolling the “helicopter money” theory from a man many consider to be the greatest economist in the 20th century — Milton Friedman. Friedman was a brilliant defender of the free market — or capitalism.

Milton Friedman was the son of poor, immigrant parents. His father died when he was 15, forcing him to creatively supplement a scholarship to Rutgers University. Capitalizing on the tradition that all freshmen must wear green ties, he and a friend went door to door, selling them in the dormitory. There he learned early the benefits of a free market — offering products at a lower, competitive price while making a profit.

After graduating from Rutgers, Friedman earned his Master’s Degree from the University of Chicago and later his Ph.D. from Columbia University. He married his college sweetheart and went on to teach at Columbia, Cambridge, the University of Chicago and the Hoover Institution.

Before Friedman rose to prominence, the preeminent economist of the 20th century was Englishman John Maynard Keynes, who advocated for more government intervention in the economy. Friedman however, was a rare breed and didn’t think inside the box. He was thrilled in 1947 to receive an invitation from the Nobel Prize winner Friedrich von Hayek to meet in Sweden with some of the brightest minds in the world. Decades later, in 1976, Friedman himself was awarded the Nobel Prize in economic sciences.

Friedman was unafraid and unashamed in the goodness and rightness of capitalism. He often engaged detractors on college campuses, stating that “a society that aims for equality before liberty will end up with neither equality nor liberty.” In 1979, he sat down for an epic interview with Phil Donahue, addressing the talk show host’s concerns about capitalism.

Today, Friedman would no doubt be labeled an uncaring, hateful racist for his straightforward thinking. For example, when asked at a college forum what role the government plays in helping the poor, he spoke decisively on the matter:

“First of all, the government doesn’t have any responsibility. People have responsibility. This building doesn’t have responsibility. You and I have responsibility. People have responsibility,” Friedman said. “How can we as people exercise our responsibility to our fellow man most effectively? That’s the problem. So far as poverty is concerned, there has never in history been a more effective machine for eliminating poverty than the free enterprise system and the free market.”

Friedman’s ideas would eventually become hugely influential in the thinking of Chairman of the Federal Reserve Alan Greenspan, President Ronald Reagan, British Prime Minister Margaret Thatcher, and later, Ron and Rand Paul.

Milton Friedman died in 2006, at the age of 94, silencing a voice that strongly defended the virtues of capitalism and a free market system that has richly blessed as the United States.

SHOCKING: 11 states where Hunter Biden is accused of DISGUSTING crimes

Kris Connor / Contributor | Getty Images

Glenn has been calling on our leaders to do what they SHOULD have done a long time ago: hold Hunter Biden accountable for his BLATANT crimes.

Of which crimes is Hunter Biden being accused? From hiring prostitutes to smoking cocaine... LOTS of cocaine... here is a state-by-state list of ALL crimes committed by Hunter Biden. To read about each crime in detail, Glenn's "The Reckoning" guide lists ALL of Hunter Biden's crimes committed domestically and abroad alongside the alleged crimes of all the Biden family members, including Joe.

Glenn needs YOUR help to hold the "Biden crime family" accountable. Click HERE to download "The Reckoning" dossier of ALL of the crimes committed by the Biden family, send the dossier to your representative, and DEMAND they hold the Biden family accountable for their crimes.

In the meantime, here is a sneak peek of ALL of Hunter Biden's known sex and drug crimes committed within the U.S.

1. Arizona

Drug Crimes: One count.

2. California

Drug Crimes: 6 counts.

Sex Crimes: 20 counts.

3. Connecticut

Drug Crimes: 4 counts.

Sex Crimes: 11 counts.

4. Delaware

Drug Crimes: 9 counts.

Sex Crimes: 3 counts.

5. Florida

​​Drug Crimes: 1 count.

Sex Crimes: 1 count.

6. Massachusetts

Drug Crimes: 4 counts.

Sex Crimes: 4 counts.

7. Nevada

Drug Crimes: 1 count.

Sex Crimes: 2 counts.

8. New York

Drug Crimes: 2 counts.

Sex Crimes: 12 counts.

9. Tennessee

Drug Crimes: 1 count.

10. Texas

Sex Crimes: 1 count.

11. Virginia

Drug Crimes: 1 count.

It’s no secret that Glenn has a less-than-optimistic view of emerging AI and when you look at the horrifying new technologies that utilize the power of AI it’s hard not to agree.

Here’s a look at 7 new AI technologies that will HORRIFY you:

AI Brainwave Monitoring

Earlier this year during the World Economic Forum's annual meeting, Nita Robinson, a professor of law and philosophy at Duke, presented a video that depicted a “hypothetical” situation where a person's brainwaves are monitored by their earbuds, which have the ability to record brainwaves, decode them with AI, and then send brain reports to their boss and are accessible by government agencies. When the video ends, Robinson makes the terrifying announcement that this AI technology already exists! It's just a matter of time before it's implemented.

If you want to learn more about Brainwave tracking and the WEF, you can watch this clip from the Glenn Beck Program.

AI Voice Cloning

Last month, Glenn covered a terrifying story involving a scammer who created an AI clone of a child's voice in order to scam money out of her terrified parents. While this might sound advanced, a quick Google search reveals that this technology is remarkably accessible and is easily able to replicate the voice of anyone. Imagine the havoc that could be inflicted on your life with an AI clone of your voice.

AI Mind Reader

Left shows stories read to user and right shows what the AI was able to decode from users brain activity

Image credit: University of Texas at Austin

Like something out of Star Trek, a team of researchers at the University of Texas at Austin developed a new AI that is able to decode brain activity and produce a transcript of a person's thoughts with reasonable accuracy, all without the need for implants or other invasive measures. While the researchers assure us that the technology has major limitations, including the need to train this AI extensively on each subject's brain, it’s only a matter of time before the AI is able to overcome these limitations, and it may be sooner than we would like…

Snapchat's new AI “Friend”

Image of My AI's contact on Snapchat

Snapchat

In April the popular social media messaging app Snapchat released a controversial new feature known as “My AI”—an AI chatbot powered by ChatGPT. The new feature acts much like other chatbots. It can answer questions, converse with the user, and offer recommendations. However, unlike other chatbots, it is integrated in such a way that it can be difficult to distinguish from a human user, complete with a customizable avatar and name. Many parents are worried that the friendly appearance of “My AI” will make it hard for their teens to differentiate the bot from a real human. Moreover, the only way to remove the bot is by paying for Snapchat’s premium service, giving parents little recourse for protecting their children.

AI "Big Brother"

In a recent TED talk, former Apple Designer Imran Chaudhri introduced the concept for a new wearable AI device connected to a camera and microphone, enabling the AI to hear and see everything you do. Chaudhri assures us that the device is “privacy-first and safe,” but how safe would you feel with an all-seeing AI accompanying you all day every day?

AI Meddling with Elections

AI generated image of Trump's arrest

Open AI | MARCA News

One terrifying potential use for AI could be meddling with elections. The last few years have seen a decline in faith in our elections, and the emergence of AI will only serve to muddy the waters. As previously mentioned, AI voice clones are here and have been proven to have the ability to create compelling facsimiles of political figures. Combined with AI image technology the threat of an AI-generated scandal is high.

If you want to learn more about AI interference with elections you can watch this clip from the Glenn Beck Program.

AI Dating

Another disturbing development is the creation of “Dating AIs”—AI chatbots designed as a replacement for a boyfriend or girlfriend. There is already a variety of options available with prices ranging from free all the way up to $1 a minute, like some sort of dystopian "call girl." There are already reports of people developing genuine emotional attachments to these bots and others who have married or have tried to marry their artificial lovers.

Global ESG investments PLUNGED 76 percent with NEGATIVE returns on investment

SOPA Images / Contributor | Getty Images

Glenn has been one of the most outspoken critics of the use of ESG by globalist elites to force businesses to comply with their woke agenda. It turns out, not only is ESG bad political practice—it's bad for your wallet too.

Global Investments in ESG Funds PLUNGED 76 percent globally in 2022 from $157.3 billion to $649.1 billion in 2021, with a 20 percent decrease in the U.S. ALONE. This marked the lowest annual net inflow for ESG funds since $69 billion in 2018.


Morningstar via Investopedia

The downturn in ESG investment is largely due to the concerted effort led against ESG led by Glenn and government officials like Ron DeSantis and his anti-ESG 14-state coalition. Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration when determining their investment recipients for state pension and retirement funds. This not only protects critical American industries like oil and gas, but moreover, it protects the First Amendment rights of business owners who don't want to conform to the Left's woke environmentalist and LGBTQ+ standards.

Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration.

However, the massive plunge in ESG investment isn't only attributed to the political pushback against the practice: it also isn't yielding investors the return on investment they were hoping for. In fact, the main ESG funds have a NEGATIVE return on investment.

ESG funds were hit hard by falling equities. One of the largest ESG funds int the U.S., Parnassus Core Equity Fund (PRBLX), fell 26 PERCENT in 2022. This fund performed nearly six percent worse than the S&P 500, which fell 19.44 percent within the same period. Similarly, iShares ESG Aware MSCI USA ETF (ESGU) fell 20 percent, and Vanguard ESG U.S. Stock ETF (ESGV) plummeted 24 percent.

Even the Harvard Business Review admitted investors in ESG have "not fared well":

ESG funds certainly perform poorly in financial terms. [...] Although the highest rated funds in terms of sustainability certainly attracted more capital than the lowest rated funds, none of the high sustainability funds outperformed any of the lowest rated funds [bolded added]. That result might be expected, and it is possible that investors would be happy to sacrifice financial returns in exchange for better ESG performance.

The Harvard Business Review went on to say that ESG funds don't even benefit the environmental and social causes they tout to defend. In fact, when comparing environmental and social compliance between ESG and non-ESG funds, the
"ESG portfolios had worse compliance record for both labor and environmental rules" than their non-ESG competitors.

Let that sink in. ESG funds not only financially underperformed when compared to their non-ESG competitors. They failed to secure the very environmental and social compliance that is central to their original purpose. Missionally, practically, and financially, ESG failure is astounding.

As Glenn has long warned, the only thing that investment firms and governments should be taking into consideration regarding YOUR money is how they can get the best possible return on YOUR investment. We are seeing the detrimental consequences of what happens when woke ideology becomes the basis of investment rather than the recipient's monetary value.

The only thing that governments should take into consideration regarding YOUR money is how to get the best possible return on YOUR investment.

If political conviction alone isn't enough to persuade the general public to ditch ESG, maybe their hurting pursestrings will.

Glenn will show how ESG is being used to further globalist elites' agendas in the second installment of his Great Reset series, Dark Future.To make sure you're caught up and to learn more about ESG, enter your email below to get chapter one of Glenn's first Great Reset book sent straight to your inbox.

You've probably noticed that Glenn is FED UP.

He is FED UP with the crimes that our political elite can get away with. And NO ONE is keeping them accountable! This corruption goes all the way up to the Presidency. Over and over again, the American people have seen headlines of the Biden family's illicit business dealings and crimes both domestic and abroad, yet they ALWAYS get a free pass from the media, and Republicans who promise to hold them accountable, DON'T.

Are you FED UP too?

Glenn laid out the ENTIRE CASE against the "Biden crime family," detailing EVERY crime allegedly committed by the Bidens, going city by city, state by state, country by country.

But we can't stop there.

Now it's up to YOU to demand that they are held responsible. Here's what to do:

  • Step 1. Watch "The Reckoning" (on YouTube or Facebook) and share it with your friends.
  • Step 2.Enter your email HERE to get access to the "Biden Crime Family Dossier" with the full list of crimes and contact information for prosecutors and attorneys general.
  • Step 3. Take action by flooding the phones and emails of the prosecutors and attorneys general in your district and demand they prosecute these crimes.
  • Step 4. Once you've contacted the offices in your relevant district, tweet @glennbeck using the hashtag #Reckoning and let us know who you contacted and whether you received a response.

Like you, Glenn is SICK AND TIRED of our government and media giving the Biden family a free pass for their blatant crimes. Together, let's do something about it.

Watch "The Reckoning" below.