Senior Fellow Robert Higgs is interviewed here by Scott Horton on Antiwar.com Radio, warning those who long for total governmental and economic collapse to be careful what they wish for. Higgs also explains why federal spending cannot continue at the current record levels without a failure of the bond market. He further compares the military and economic over-extension of the Soviet Union prior to its collapse to the United States as a warning against rampant spending by the government.
With the hearings on the nomination of Elena Kagan to the U.S. Supreme Court, Research Fellow William J. Watkins, Jr., was interviewed on NPRs Talk of the Nation to discuss how to revise the nomination and selection process of Supreme Court Justices, based on his recent article in the Washington Examiner, A role for the people in judicial selection.
Robert Higgs is interviewed here by Scott Horton of Antiwar Radio. They discuss the economic baloney of mainstream economists, the failure of most to understand the potential for mass inflation given the money supply currently sitting around in bank reserves, the reality of the business cycle and the politicians and medias failure to grasp it, and why none of us should make sweeping predictions about how the future will unfold, even if we do understand economics, since human action and the flexibility of markets are impossible to quantify.
At this Policy Forum, Independent Institute Senior Fellow Alvaro Vargas Llosa, former Bolivian President Jorge Quiroga, economist William Easterly, and a group of policy experts discuss the findings of the book, Lessons from the Poor. The speakers examine real-world examples of entrepreneurship and why instead of redistributing existing wealth, governments should free people so that they can create it.