Robert Higgs Debates James Galbraith on Obamanomics
By David J. Theroux • Sunday April 25, 2010 4:17 PM PST •
Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, “liberal”, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits and detriments of public and private regulation and oversight, problems of regulatory capture and revolving door politics, divergent opinions on the causes of the Great Depression and efficacy of the New Deal and the arguments for and against government spending on public infrastructure.
Download audio file (53 minutes)
Also please see the following books by Dr. Higgs:
Tags: American History, Audio, bailout, Bailouts, Budget and Tax Policy, Economics, Employment, FDIC, FDR, Federal Reserve, Free Market, Glass-Steagall Act, Government subsidies, Great Depression, Inflation, insolvent banks, Keynesian economics, Mercantilism, Money and Banking, New Deal, Obama, political pork, Presidential Power, Regulation, Social Security, Socialism, Taxation, The State, Unemployment, War, Welfare