In this episode of The Yaron Brook Show, Brook discusses Obama’s policies over the past eight years and their impact on our freedom. He also explains how these destructive policies are motivated by the philosophy of altruism and collectivism.
The Myth: New Deal regulation of the financial system made the system safer. The Reality: New Deal regulation of the financial system failed to address the real source of the problems that led to the Great Depression and laid the foundation for future crises.
Not too long ago, Fox News contributor and hedge fund manager Jonathan Hoenig asked ARI’s Yaron Brook, “Why should we practice free trade when other countries don’t?”
The Myth: An unregulated free market and unrestricted Wall Street greed caused the Great Depression and only the interventionist policies of Franklin D. Roosevelt got us out. The Reality: The Great Depression was caused by government intervention, above all a financial system controlled by America’s central bank, the Federal Reserve — and the interventionist policies of Hoover and FDR only made things worse.
The Myth: We tried free banking and the result was constant bank runs and panics. The Federal Reserve was created to make the system stable and it succeeded. The Reality: America’s recurrent panics were the product of financial control, and there is no evidence the Federal Reserve has made things better.
Now that Trump is in office there is talk that his administration will support repealing or revising Dodd-Frank — the government’s regulatory response to the financial crisis of 2008. The bill was sold as a way to protect ourselves from future crises by making the financial system more stable.
In this episode of The Yaron Brook Show, Don Watkins interviews economist Arnold Kling about his new book Specialization and Trade: A Re-introduction to Economics. Together they cover topics such as economics as a science, the “unsustainability” of recycling, market solutions to “market failures,” government interferences in health care and the role of finance.
On January 7, the second anniversary of the Charlie Hebdo attack, The Hill published a new column by Steve Simpson, in which he reflects on “the often precarious state of free speech in the world today” and urges us “to consider what the future holds for free speech here in America.” Particularly, Simpson comments on the danger of so-called hate speech laws.
Prior to the Industrial Revolution in Great Britain during the late 18th century, abysmal poverty was prevalent the world over, including in Britain. With the Industrial Revolution, conditions began to dramatically improve, first in Britain, then in Western Europe, then in North America, then, most recently, in the Asian Tigers. Who were the towering heroes in both Great Britain and the United States responsible for so markedly improving human living conditions?
