Sit back for a moment and read the title of this blog post again. Let it sink in.
A new video just released by Econstories.tv, a project of The Mercatus Center, explores the basis of both Hayek and Keynes economic theories in classic west coast rap style. Co-written by Russ Roberts, also host of the EconTalk podcast, this video is attempting something difficult: Finding ways to expose a new audience to the philosophy of free markets.
The House is voting today on a bill to improve transparency in the TARP bailout program. TARP is, shall we say, rather opaque. 25 different agencies administer TARP funds. Each one uses different accounting standards. Keeping track of everything is almost impossible.
I wrote an article not too long ago saying that transparency is welcome symptomatic relief. But TARP itself is a disease. The only way to cure the disease of bailout programs is to abolish them. Russ Roberts said much the same…
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