Senior Fellow Lawrence McQuillan, author of "California Dreaming" appears on KVSF radio in Santa Fe, New Mexico. McQuillan explains how cities and states in the US are in danger of bankruptcies due to underfunding public pension funds. A reduction in services is the result in communities across the country because money is being devoured by pension systems, according to McQuillan.
Professor Steven Horwitz contrasts the US economy during the Gilded Age (1870s to the early twentieth centurya period of industrialization and the growth of wealthwith the Great Depression (1929-39). He traces the role played by innovation and industrialization as well as the role of the federal government and the Federal Reserve System throughout these two contrasting periods.
CONTENT OF THIS VIDEO:
00:00 Initial credits
00:07 The Gilded Age
09:00 The Progressive Era
14:53 The Federal Reserve and the Great Depression
20:16 The high school "story" about the Great Depression
21:18 What caused the Great Depression and why did it last so long?
28:37 The response of President Herbert Hoover to the Great Depression
34:11 Herbert Hoover and Franklin D. Roosevelt: the same?
41:10 The role of the Second World War
44:35 Final credits
ABOUT STEVEN HORWITZ:
Steven Horwitz, PhD is is Charles A. Dana Professor of Economics at St. Lawrence University. A Senior Scholar at the Mercatus Center and Senior Fellow of the Fraser Institute, Dr. Horwitz completed his Ph.D. in economics at George Mason University
Sr. Fellow Lawrence McQuillan, author of California Dreaming appears on KLZ radio in Denver, CO. Lawrence talks about the public-pension crisis and how states and cities can change their pension contributions to avoid bankruptcy while honoring commitments to employees.
Senior Fellow Lawrence McQuillan, author of California Dreaming appears on Newsmax TV to discuss the financial crisis facing many cities and states in the US: the fact that public-pensions are grossly underfunded and taxpayers can be left holding the bag. McQuillan talks about how to resolve this pending, man-made crisis in America.
Sr. Fellow Lawrence McQuillan, author of California Dreaming, appears on the Wall Street Journals Opinion Live show to talk about how to right Californias underfunded public pension system. He talks about how California got into the mess and how other states and cities have the same issue.
Senior Fellow Ivan Eland appears on Arise TV to talk about the Greek Governments credit deal with the International Monetary Fund. Eland says the last minute deal with Greeces creditors might prolong the inevitable, that Greece might fall into default on loans. Greece and the EU might be better off if they realize that Greeces economy is failing.
Senior Fellow John C. Goodman, author of A Better Choice, appears on the Wall Street Journals Opinion Live program to discuss how free markets can solve many issues with Obamacare and Americas healthcare system. Goodman talks about which provisions of Obamacare should be changed and which ones should be left alone. Free market principles would level the playing field and give patients the power of choice.