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 medias 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.
Originally aired on 12/18/09 on FoxNews.com Freedom Watch. Robert Higgs, Senior Fellow at the Independent Institute, discusses economic landmarks of 2009, including the increasing demand for Federal Reserve transparency, and also looks forward at the possible outcomes of government economic intervention in 2010.
Civil strife in Iraq continues and instability may only increase after the January elections. U.S. withdrawal has become an acceptable strategy in Washington, but will it be tenable if violence escalates and Iraq unravels again?
Originally aired on 12/1/09 on FoxNews.coms Freedom Watch. Robert Higgs, Senior Fellow at the Independent Institute, discusses increased scrutiny of the Federal Reserve and Chairman Ben Bernanke's nomination for reappointment with Judge Napolitano.