"Force always attracts men of low morality." ~ Albert Einstein
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.
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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.