A Pro-Free-Market Program for Economic Recovery | George Reisman

Presented by George Reisman at the Mises Circle in Newport Beach, California; 14 November 2009. Sponsored by Louis E. Carabini. Includes an introduction and closing remarks by Douglas E. French.

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[Rico8458]

it was government involvement in themarkets that created the collapse

[ForTehNguyen]

US basically declared bankruptcy in 1971 when it said it would refuse to abide by the Brenten Woods agreement and redeem gold. That was essentially declaring bankruptcy, but in a nice way.

[TorontoLibertarian]

I like how they start out a speech on capitalism by advertising the books and tapes for sale.

Noice.

Just keepin it real.

[Nyarmith]

Dope talk, yo. I love these austrian explanations because they're far from that coercive pablum on da TV, dawg.

[CytherLynx]

i really want reisman's book. but its like $70 :/ ... i'll wait, i can afford it, but better not yet.

it's almost worth getting a portable pdf reader, and getting it for free.. not sure what his position is on intellectual property rights though

[Rico8458]

of the four Tigers: korea, taiwan, hong kong, singapore, only korea is doing better today with their car manufacturing of hyundai and kia to the usa.

[Scientisticsoviet]

@Rico8458 Especially in the Asian Tigers... O WAIT...

[M0rbidlyObese]

wow, what a breath of fresh air, its amazing how the austrian view of economics can explain so clearly and consisely the problems of the global financial system.

[MRSketch09]

@Panpiper

I agree.

Well, they say the fish rots from the head, as the old saying goes.

I think its actually a two pronged move.

Politicians and Public.

I believe starting in the schools with the kids is the way to really change the country.

[MRSketch09]

@Vid

I was thinking about this 'gold standard'.

Reisman talks about how it would "reign" in governments ability to print money out of thin air.

We had a gold standard before, and they separated the two. Didn't stop them then, wouldn't stop them now. The man is a fool to believe so.

OF course I actually do support what he's saying... Its a great idea. I wish my fiat money would quit being devalued. I wish I could save with no fear.

Politicians have an addiction to spending money.

[Panpiper]

That was a brilliantly concise, and simple plan for action. If the political will existed, George Reisman demonstrated that it would be almost trivially easy from a policy point of view to get the country back on track. What is NOT simple of course, is mustering the political will and wisdom to enact such policies. As he himself pointed out, a necessary precondition is to convince the public of the fallacy of Marxian exploitation theory, and 'that' could be a long haul.