Robert Higgs may not be the most dynamic speaker but what he says in this video is important. Higgs correlates the effects of wartime events with inflation and taxation. Dr Higgs maintains that Keynesian economics was fully discredited in the late 1940's through empirical evidence.
This is a long video and the visual analytics look like something preceding the digital revolution; however, what Dr Higgs says is important to understand especially given current events.
Saturday, February 28, 2009
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