HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Two Cheers for the Coming Collapse of the U.S. Economy!

Views:979
@ReasonVids

"At some point, holders of Treasury securities are going to recognize that these unfunded liabilities are going to affect the fiscal capabilities of the government and then you're going to have the same situation that happened in Greece happening in the U.S.," says Jeffrey Rogers Hummel, who is a professor of economics at San Jose State University and the author of a recent paper on the consequences of a U.S. government default. "In the short run it's going to be painful, but in the long run it'll be a good thing."

Reason's Nick Gillespie sat down with Hummel at FreedomFest 2012 for a wide-ranging discussion on monetary policy, business cycle theory, the longevity of the welfare state, and why libertarians who rail against the Fed are like "generals fighting the last war."

Held each July in Las Vegas, FreedomFest is attended by around 2,000 limited-government enthusiasts and libertarians a year. Reason TV spoke with over two dozen speakers and attendees.

For a growing playlist of interviews from FreedomFest 2012, go here:

http://www.youtube.com/playlist?list=PL1ECFFDA94AA8AA05

About 14.30 minutes.

Camera by Tracy Oppenheimer and Alex Manning; edited by Jim Epstein.

Go to http://Reason.tv for downloadable versions and subscribe to Reason TV's YouTube channel to receive automatic updates when new material goes live.

libertarianism
,
ben bernanke
,
federal reserve
,
monetary policy
,
milton friedman
,
2008 financial crisis
,
free banking
,
reason magazine
,
reason foundation
,
reason tv
,
san jose state university
    Thumbnail for National School Choice Week 2013 Kicks Off in Los Angeles2:59
    National School Choice Week 2013 Kicks Off in Los Angeles
    ReasonVids
    946 views
    Thumbnail for Hulk Hogan & Randy Savage take on the Twin Towers (1989)1:36
    Hulk Hogan & Randy Savage take on the Twin Towers (1989)
    bestofvoatxyz
    652 views
    Thumbnail for when your show is red pilled on niggers14:24
    when your show is red pilled on niggers
    bestofupgoat
    446 views
    Thumbnail for JoJo Barbie0:08
    JoJo Barbie
    bestofvoatxyz
    452 views
    Thumbnail for Mistakes You MISSED In The Minecraft Movie😰 | Starshow0:23
    Mistakes You MISSED In The Minecraft Movie😰 | Starshow
    invidious
    109 views
    Thumbnail for How Restoration Videos Are Faked | Internet Anarchist8:33
    How Restoration Videos Are Faked | Internet Anarchist
    invidious
    298 views
    Thumbnail for You Won't Believe Why the Green Agenda Really Failed | Alex Epstein8:56
    You Won't Believe Why the Green Agenda Really Failed | Alex Epstein
    science.topic
    127 views
    Thumbnail for Trannies in Montana BTFO - Won't Be Able to Change Sex on Birth Certificate Without DNA / Genetic Testing0:40
    Trannies in Montana BTFO - Won't Be Able to Change Sex on Birth Certificate Without DNA / Genetic Testing
    bestofvoatxyz
    849 views
    Thumbnail for Dude Exits Wormhole0:06
    Dude Exits Wormhole
    bestofvoatxyz
    690 views
    Thumbnail for Weather control and the future of food.0:09
    Weather control and the future of food.
    bestofvoatxyz
    531 views
    Thumbnail for GRAB THE MINCE PIES... | BeardMeatsFood7:37
    GRAB THE MINCE PIES... | BeardMeatsFood
    invidious
    367 views
    Thumbnail for 🔴속보 | 이 대통령 "왜 안 하세요?" 직격탄에 사회자 '멘붕’ - 첫 국무회의 기강 잡는 순간 | SBS 실시간 LIVE | SBS 뉴스10:46:21
    🔴속보 | 이 대통령 "왜 안 하세요?" 직격탄에 사회자 '멘붕’ - 첫 국무회의 기강 잡는 순간 | SBS 실시간 LIVE | SBS 뉴스
    invidious
    109 views
    Thumbnail for NileRed accidentally eats 99.8% Caffeine Powder | MrGreen0:46
    NileRed accidentally eats 99.8% Caffeine Powder | MrGreen
    invidious
    435 views
    Thumbnail for You never need a root canal or crown. This person discusses the alternatives and why those are bad1:00
    You never need a root canal or crown. This person discusses the alternatives and why those are bad
    bestofupgoat
    258 views
    Thumbnail for That Time Jonny Giger Lost His Cool Against Andy Anderson | Jelle Skates3:38
    That Time Jonny Giger Lost His Cool Against Andy Anderson | Jelle Skates
    invidious
    412 views
    Thumbnail for Free Boob Jobs for Teachers & Other K-12 Clusterf*cks6:03
    Free Boob Jobs for Teachers & Other K-12 Clusterf*cks
    ReasonVids
    1051 views
    Thumbnail for Alan Watts in 2009 on how the psychological Matrix that we live in is constructed.2:07
    Alan Watts in 2009 on how the psychological Matrix that we live in is constructed.
    bestofvoatxyz
    840 views
    Thumbnail for Based schizo post 0:34
    Based schizo post
    voatcatbox
    541 views
    Thumbnail for yeah, well done...0:06
    yeah, well done...
    bestofvoatxyz
    563 views
    Thumbnail for Jews in things, it's a hobby2:50
    Jews in things, it's a hobby
    bestofupgoat
    76 views
    Thumbnail for Hyh0:05
    Hyh
    mattknezz888
    57 views
    Thumbnail for The apocalypse is nigh0:27
    The apocalypse is nigh
    bestofvoatxyz
    655 views
    Thumbnail for Gov. Scott Walker Welcomes National School Choice Week to Wisconsin2:18
    Gov. Scott Walker Welcomes National School Choice Week to Wisconsin
    ReasonVids
    1038 views
    Thumbnail for David Cole's life was destroyed for exposing the holohoax15:26
    David Cole's life was destroyed for exposing the holohoax
    bestofupgoat
    66 views
    Thumbnail for How To End Poverty in the South Bronx8:25
    How To End Poverty in the South Bronx
    ReasonVids
    985 views

points

Permalink
Reply
libertarianism
,
ben bernanke
,
federal reserve
,
monetary policy
,
milton friedman
,
2008 financial crisis
,
free banking
,
reason magazine
,
reason foundation
,
reason tv
,
san jose state university
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle