The Discerning Texan

All that is necessary for evil to triumph, is for good men to do nothing.
-- Edmund Burke
Monday, February 09, 2009

Economic Truth: Walter Williams & Thomas Sowell on Video

I'm blaming some of this on Glenn: his link yesterday to the Milton Friedman video on "Greed" has led to a lot of You Tube exploration. Yesterday I included Glenn's linked video with a couple of other Milton Friedman videos, which taken together make a tremendous case that the economic course which our current Administration and the Democrats in Congress have embarked upon is analogous to the Captain of the Titanic ordering his crew to increase to full speed after he was told there was an iceberg warning. Only in this case, it would be analogous to his having done so knowing in advance what would be the result.

Today: as evidence of the course we should be steering, I add a bit more video from two of my favorite living economists, Thomas Sowell and Walter Williams. Enjoy:

First, here is Dr. Walter E. Williams, snippets taken from one of his lectures:

Next Thomas Sowell and Charlie Rose discuss his "The Vision of the Anointed", in which Sowell discusses his awakening--i.e. when he turned from Marxism to Free Enterprise:

Next Sowell discusses his latest book "Economic Facts and Fallacies":

(Guilty: I must admit that I did have to smile when listening to Sowell's assessment of John McCain..).

Meanwhile, the band played on on the deck of the Titanic... What was that word again? What is it 'the definition of' when one continues to try the same strategy multiple times, yet somehow expects a different result? ...

Ah, yes. Insanity.
DiscerningTexan, 2/09/2009 11:59:00 AM |