Originally aired on 12/16/10 on Reckoning America. Alex Tabarrok talks about the global economy and how the story of economic growth is rapidly changing.
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In June 2008 the U.S. Supreme Court handed down a landmark ruling on the Second Amendment individual right to “keep and bear arms” with its Heller v. District of Columbia decision. Two years later, in June 2010, a second historic decision squeezed through the highest court in the land.
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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.
Part 1: Introductory Remarks by David Theroux Part 2: “Why Economics Matters more than Ever” with Gregory Rehmke Part 3: “Healthcare Reform: a Principled Critique” by Michael Winther
