Tuesday, June 28, 2011
Friedrich Hayek For President in 2012
But did anyone else catch this video of John Stossel on Bill O'Reilly, translating Ron Paul's views on Keynesian economic policy for him?
Perhaps it shouldn't have, but this clip completely shocked me.
Bill O'Reilly, a leading political commentator and conservative voice, is wholly unfamiliar with the man the United States bases its entire macroeconomic model off of! How much more so the average American voter!?!?
It's as if we've conceded Keynesian theory as de facto best practice and inarguable economics. Because of that, the current economic debate in this country is overly-simplified and, from a macro standpoint, entirely one-sided.
The 2008 Presidential campaign made Ron Paul a household name. The 2012 campaign needs to do the same for a man who's not running. His name is Friedrich Hayek.
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Posted by Eric Olsen