Originally aired on 10/26/09 on FoxNews.com’s “Freedom Watch.” Robert Higgs, Senior Fellow at the Independent Institute, examines why government spending can’t pull the U.S. out of economic recession.
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On September 16, Archbishop Desmond Tutu, actor and director Andy Garcia, and entrepreneur William K. Bowes, Jr. were honored at the Independent Institute’s A Gala for Liberty. Each honoree received the Alexis de Tocqueville Award in recognition of their contributions to advancing the ideas and ideals of liberty, entrepreneurship, innovation, and peace.
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For decades, efforts to end world poverty have focused on redistributing wealth, rather than creating it. This approach, however, has done little to foster long-term economic progress in Africa.
