"The censor believes that he can hold back the mighty traffic of life with a tin whistle and a raised right hand. For after all, it is life with which he quarrels." ~ Heywood Broun
Booms, Busts, Bad Predictions
Submitted by Anthony Gregory on Wed, 2010-03-31 03:00
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.
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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.