=THE HUMBLE LIBERTARIAN=



The Definition of Libertarian: What Is Libertarian?

Reade This Landmark Book, A Most Comprehensive Survey of a Divers and Formidable Moovement in Politikal and Philosophical Thought:



THE LIBERTARIANS



The Ron Paul Revolution in Retrospect

The Rand Paul Revolution?

The Tea Party Movement

The Libertarian Party

The Free State Project

The Seasteading Movement

The Austrian Economists

The Anarchists

The Voluntaryists: Stefan Molyneux and Peaceful Parenting

The Agorists: Market Alternatives as Subversion

Objectivism: The Philosophy of Ayn Rand

The Ronald Reagan Revolution

The Crypto-Anarchists: Digital Currency and 3D Printed Guns

WikiLeaks and the Power of Disclosures

The Beltway Libertarians: Think Tanks

State Sovereignty Libertarians

The Psychological Libertarians

Friday, February 26, 2010

Can We Trust Bernanke's Testimony?

My most recent article at the Our America Initiative blog:

Federal Reserve Chairman Ben Bernanke gave his semi-annual testimony to Congress on monetary policy Wednesday. While cautioning lawmakers that job numbers are still a concern, Bernanke indicated that because of measures taken by the government and the Fed, we are in the process of economic recovery. But can Americans trust Bernanke’s testimony?

Economic and monetary policy “luminaries” like Ben Bernanke, Alan Greenspan, Hank Paulson, and Tim Geithner- along with the rest of America- were blindsided by the financial meltdown, credit crunch, housing bust, and subsequent recession. These are all “really, really smart” guys who “know what they’re talking about” and understand all of the complicated intricacies of economics, which are all but ineffable to the layman. But they got it wrong just like everyone else.

Can we trust someone to predict our recovery from this economic crisis, who didn’t even see the crisis coming? Instead, we should listen to the (very) few analysts who predicted the economic collapse with frightening accuracy. What they all had in common was their adherence to a school of economic thought called Austrian economics, because it originated with several Austrian economists like Ludwig von Mises and F. A. Hayek.

Read the whole thing here.

This article also appeared on Young Americans for Liberty.


More about Our America Initiative:

Our America Initiative is the advocacy group of former New Mexico Governor Gary Johnson (R). He is the Republican Party's absolute best pick in 2012. If you haven't already, please: 1) Become a Fan of Gary Johnson's Facebook Page, 2) Follow Gary Johnson's Twitter account, and 3) Subscribe to Gary Johnson's YouTube Channel.

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