One has to wonder if somewhere deep down a change is occurring in
America. While stock prices soar to record highs, it is clear a growing
number of 'real' people are realizing the nonsense that watching a
'market' as anything indicative of reality has become. The
latest 'shift' is the appearance on New Orleans local TV of a two-minute
primer on an "alternative" school of economic thought - Austrian
Economics. While the anchor is careful to add the caveat that
the mainstream economists think the world would be a terrible place if
they didn't help us along, the brief clip begins with some useful common
sense, "the market alone should decide the value of products and services. If a company is not successful, it should go bankrupt." Indeed...
Click image for 2-minute clip...
Via NBC33 TV New Orleans,
...
Dr. Walter Block holds an endowed chair at Loyola University and is a faculty member of the Mises Institute. He has taught at several universities and written books about controversial economic topics.
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Click image for 2-minute clip...
Via NBC33 TV New Orleans,
Dr. Walter Block holds an endowed chair at Loyola University and is a faculty member of the Mises Institute. He has taught at several universities and written books about controversial economic topics.
Read More