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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.
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From ancient times to the present, politicians, bureaucrats, and interest groups have gained resources and control over the public by playing to people’s fears of various “crises” and by offering “solutions” that often only make problems worse.
