HackerTube
HomeLongsLikedHistoryWatch laterCategoriesPlaylistsSettings

Milton Friedman - Who Benefits From Licensing?

LibertyPen1 HN recommender · recommended in 1 month, 2015-2019
YouTube
32K views · 12 years ago · lecture · evergreen

A short clip of Milton Friedman explaining who benefits from occupational licensing requirements, arguing they mainly protect practitioners from competition.

HN cites it in discussions of occupational licensing and rent-seeking as a libertarian argument.

Microeconomics & behavioral economicsLaw, policing & justice#miltonfriedman#licensing#regulation#economics#rent-seeking

3 comments from Hacker News

@snagglegaggle2019 · in “When Medical Debt Collectors Decide Who Gets Arrested”

Careful, "for-profit" healthcare has a lot of government controls on it. Single payer is only obvious after you add a lot of controls to the market. See ▶ this video and the more complete link . He explains how regulation eventually results in a centrally planned setup that is less efficient than what used to happen.

CitesView on HN
@EGreg2016 · in “The Rent-Seeking Is Too Damn High”

I think Milton Friedman had some great (albeit biased) lectures in which he analyzed these issues from a consequentialist libertarian point of view: ▶ this video

RecommendsView on HN
@tolmasky2015 · in “Engineering ethics”

The issues discussed in the post are about pretty malicious acts, basically writing spyware and malware. I'm not sure how a Professional Engineer exam will really address this. We are mixing in a lot of unrelated things (tests, apprenticeship, etc) to guise what this actually is: a club where existing members are the gate keepers for new members. This is the circular part, it serves the purposes of the members, not the customers -- notice how the users and customers don't figure into any of the 4 steps you mentioned in licensure at all -- they aren't empowered, they are now "protected" by the very same set of people we determined needing wrangling in in the first place. Aside from the trivial chicken and egg problems (who decides the initial PEs? who decides the first exam?), we have the very real concern that the most connected current software engineers in government are precisely the ones that are probably currently breaking the code of ethics (writing malware for national security purposes). This highlights the issue with "self judgment" and makes me incredibly skeptical of the opinions of such a potential licensing committee. Software engineering is not mechanical engineering. There's very little known "for sure", and it doesn't compare to the kind of experience we have building a bridge (there are people who can make really good arguments that mutability is "unsafe" for customers, or that strcpy vs strncpy, or hell, C being used at all). This makes this area ripe for ab

CitesView on HN
Milton Friedman - Monopoly4:18

Milton Friedman - Monopoly

LibertyPen
282K views • 16 years ago
Milton Friedman - Redistribution of Wealth4:22

Milton Friedman - Redistribution of Wealth

LibertyPen
1.6M views • 16 years ago
Milton Friedman Speaks: The Economics of Medical Care (B1234) - Full Video45:27

Milton Friedman Speaks: The Economics of Medical Care (B1234) - Full Video

Free To Choose Network
86K views • 10 years ago
Milton Friedman - Case Against Equal Pay for Equal Work4:47

Milton Friedman - Case Against Equal Pay for Equal Work

LibertyPen
867K views • 16 years ago
The Machinery Of Freedom: Illustrated summary23:16

The Machinery Of Freedom: Illustrated summary

bitbutter
164K views • 14 years ago
Milton Friedman - Illegal Immigration - PT 15:28

Milton Friedman - Illegal Immigration - PT 1

LibertyPen
621K views • 16 years ago
Milton Friedman - The Negative Income Tax14:46

Milton Friedman - The Negative Income Tax

LibertyPen
569K views • 14 years ago
Milton Friedman - The Real World Effects Of Unions11:01

Milton Friedman - The Real World Effects Of Unions

LibertyPen
432K views • 12 years ago
Power of the Market - The Pencil2:42

Power of the Market - The Pencil

LibertyPen
551K views • 18 years ago
Abolish Copyrights and Patents? A Soho Forum Debate1:29:58

Abolish Copyrights and Patents? A Soho Forum Debate

ReasonTV
93K views • 4 years ago
Milton Friedman - I, Pencil2:26

Milton Friedman - I, Pencil

Free To Choose Network
802K views • 14 years ago
Milton Friedman on the free-market case for taxing pollution2:29

Milton Friedman on the free-market case for taxing pollution

republicEn
76K views • 9 years ago
Noam Chomsky: "Free Markets?"2:01:00

Noam Chomsky: "Free Markets?"

Santarchy
544K views • 15 years ago
Milton Friedman - Why Tax Reform Is Impossible14:29

Milton Friedman - Why Tax Reform Is Impossible

LibertyPen
241K views • 14 years ago
Prof. Timur Kuran on "The Portal", Episode #004: "The Economics of Revolution and Mass Deception."2:44:46

Prof. Timur Kuran on "The Portal", Episode #004: "The Economics of Revolution and Mass Deception."

Eric Weinstein
220K views • 7 years ago
Milton Friedman justifies not recalling the ford pinto6:57

Milton Friedman justifies not recalling the ford pinto

RepublicansSuckDlCK
112K views • 13 years ago
Free To Choose 1980 - Vol. 01 The Power of the Market - Full Video57:48

Free To Choose 1980 - Vol. 01 The Power of the Market - Full Video

Free To Choose Network
453K views • 7 years ago
The high cost of free parking6:43

The high cost of free parking

Vox
4.6M views • 9 years ago
Milton Friedman talks about property taxes3:34

Milton Friedman talks about property taxes

Benjamin Ljung
75K views • 12 years ago
Milton Friedman - Your Greed or Their Greed?2:24

Milton Friedman - Your Greed or Their Greed?

safvio
3.5M views • 19 years ago