"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Booms, Busts, Bad Predictions
Scott Horton interviews Bob Higgs on the business cycle, economic destructionism, and the inability of even market-friendly folks to predict what will happen next.
(1 vote)
- Login to post comments
User Login
Search This Site
Recent comments
Root Strikers
Non-Voting
Civil Disobedience
Reprint Rights
Comments
My respect for Robert Higgs increased--it was already very high--as I listened to this interview. I've been guilty of economic apocalypticism myself. While not papering over how bad things are and could become, Higgs brings a good measure of perspective, and humility, to his analysis of the current state of the economy. This is definitely worth a listen.