Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, liberal, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits and detriments of public and private regulation and oversight, problems of regulatory capture and revolving door politics, divergent opinions on the causes of the Great Depression and efficacy of the New Deal and the arguments for and against government spending on public infrastructure.
Originally aired on 10/2/09 on Fox News Freedom Watch. Robert Higgs, Senior Fellow at the Independent Institute and author of Crisis and Leviathan, discusses President Hoovers role in the Great Depression.
Syndicated talk show host Dennis Prager interviews Robert Higgs on Obamas stimulus plan and dispelling myths surrounding wartime spending. Prager admits to wanting to fly to Louisiana just to hug Bob.