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Senior Fellow William F. Shughart discusses financial developments at General Motors and Chrysler, the real issues at stake in the TARP debate, and how Obama’s bailouts are negatively affecting the limping economy.
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Independent Institute Senior Fellow Robert Higgs is interviewed on “Government’s Intrusions Threaten Economy.” Interviewed by Steve Stanek of the Heartland Institute, Dr. Higgs explains that the government’s growing intrusions into the economy—bank bailouts, economic stimulus, interest rate manipulations and credit expansion by the Federal Reserve, increased business regulations—could eventually lead to soaring price inflation and interest rates and another, far worse economic downturn. The solution is to move deliberately to end such policies and the accumulation of federal bureaucratic programs, controls and taxes on Americans.
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
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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 media’s 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.
