VIDEOS: HAYEK, FRIEDMAN, AND THE CARTER EFFECT

In much the same way that experiencing Jimmy Carter gave rise to Ronald Reagan, the economic theories of John Maynard Keynes are clearly causing people to turn and run to the likes of Friedrich A. Hayek and Milton Friedman. Their stock is rising with the American people while Keynes's moronic ideas are once again being proven to be just that. What's utterly amazing is that people actually try them again and again, like socialism, despite repeated failures.

First up is Milton Friedman discussing 'The Lesson of the Pencil' - h/t to Jawa



Here's Hayek from 1985

F.A. Hayek Interviewed By John O'Sullivan from FEE on Vimeo.