This category is critical for conservatives to fully understand. Fortunately, we stand on the shoulders of giants like Milton Friedman and F.A. Hayek who both earned Nobel Prizes; but better yet who can communicate the free economic principles that which without, as history has shown, limits our freedom and liberty to the boundries within our minds while our bodies belong to the state.
Video from the annual Austrian Scholars Conference at the Ludwig von Mises Institute in Auburn, Alabama. (1 hr. 16 mins.)
Peter Schiff provides a detailed overview of how the bubbles in both tech stocks and real estate were extremely easy to foresee and how government policy played such a large role in creating and nourishing the bubbles as they grew.
He also spends a great deal of time analyzing why mainstream economists still do not understand the fundamentals of our current crisis, and how the government's misguided stimulus and bailout policies are sowing the seeds for economic devastation.
- This video gives conservatives an excellent introduction to free economics. At the beginning, Dr. Friedman explains the "classical" difference between the terms conservative and liberal. These terms don't mean today what they meant years ago. In fact, these terms have flipped meanings.
This well-penned missive by Karl Denninger titled: American Solutions For American Problems and why the “conventional wisdom” won’t work explains the broad origins of why the economy crashed in 2008-09 and offers the conservative solutions to work our way up from the crash and the sound principles to be implemented in future policy.
So this Holiday season be extra nice to the kids. Bless their hearts they have no idea whats in store for them. But, of course thats their problem. Our job…your job, this holiday season, is to follow the lead of our government. Spend more than you can afford. More than you can ever possibly pay back. “Ask not what your country can spend for you … as what you can spend for your country.” -- Fred Thompson (Former US Senator and presidential candidate)
- In this short video Nobel Laureate Milton Friedman uses the stories of some people who are battling the bureaucracy to illustrate the Individuals vs Government.
