Robert Murphy, author of The Politically Incorrect Guide to Capitalism and the blog Free Advice and ConsultingByRPM.com, discusses David Frum’s concern that the Austrian School of economics is rapidly gaining favor over the Chicago School, Frum’s faulty recollections of monetary policy in the Reagan administration, how the Fed’s war on recessions prevents the market from self-healing by redistributing resources where needed, and the right-wingers who supported bailouts under Bush but oppose them under Obama.
Podcast: Play in new window | Download
