Dr. Sowell: The U.S. economy likely to decline in the long run. The private sector cannot prosper against the onslaught of government largess.
Posted by iusbvision on February 18, 2011
The video is of Dr. Thomas Sowell who is likely the greatest and most published economist alive. He is a free market guy so this is why you may not have heard of him. The use of Dr. Sowell’s materials is virtually banned at IUSB so do not expect to see him in class. The left is very hostile to Dr. Sowell especially because he is a black free market economist.
Via The Daily Caller:
Dr. Sowell appeared on Wednesday night’s “The Kudlow Report,” on CNBC to promote his book, “Basic Economics: A Common Sense Guide to Economics.” Host Larry Kudlow asked Sowell about the current outlook and his long-term predictions for the economic system as a whole in the United States. The senior fellow at Stanford University’s Hoover Institution replied that politics plays into the answer.
I have never seen Dr. Sowell so concerned. As some of the good economists have said, this recession is different. Combine that with the fact that government has so effectively chased wealth out of the country and undermined economic confidence that unless we change government culture permanently and do it soon the United States may be done as an economic super power.