Archive for April 21st, 2013

About a year ago, Dr. Thomas Sowell discussed the role of the Tea Party. In this interview he also talked about his book ‘Basic Economics‘ and the economics profession:

One of the sad things about the economics profession is that you have excellent people at the top but very little of that ever gets down to the actual public. Or even to the politicians, not that they would care that much.

In the second part of the interview, he dissects the impact of stimulus spending:

I am amazed that no one looks at the track record of what actually happens if you do nothing as compared to when the government intervenes.

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