• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload URLHotlinkRandomAbouttheme toggle
Expand

Russ Roberts: Why Keynesians Always Get it Wrong (and Most Economists Too)

Views:1014
@ReasonVids

"Economics as practiced by most of the profession...is full of hubris and should be much more full of humility," says former George Mason University economist Russ Roberts, NPR commentator, host of the popular podcast Econ Talk, blogger at Cafe Hayek, and a research fellow at the Hoover Institution.

Throughout the fiscal crisis, Roberts has attacked economic stimulus plans promulgated by left-of-center Keynesians and right-of-center monetarists. Such plans, he says, almost always fail to deliver the desired results because they're predicated on a fundamentally flawed understanding of "the economy" as a single entity that can be directed one way or another.

Which isn't to say that there aren't better or worse policies to follow. We may not be able to control the economy says Roberts, but we can make it easier for it to function by following what he calls "general principles that are pretty timeless" such as a government that lives within its means and investors who are held accountable when their investments go bust.

Reason TV's Nick Gillespie sat down with Roberts to discuss the failure of macroeconomics, his move from the free-market bastion George Mason University to Hoover Institution, and his new online project, "The Numbers Game."

About 6 minutes.

Produced by Joshua Swain, with help from Amanda Winkler.

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

russ roberts
,
nick gillespie
,
keynesian
,
austrian
,
monetarist
,
economics
,
economy
,
bailout
,
qe
,
federal reserve
,
quantitative easing
,
libertarian
,
reason tv
,
econ talk
,
cafe hayek
,
george mason
,
hoover
,
npr libertarianism reason
,
magazine
,
reason
,
foundation
    Thumbnail for John Goodman on Curing the Health Care Crisis4:12
    John Goodman on Curing the Health Care Crisis
    ReasonVids
    929 views
    Thumbnail for We Don't Need No (Public) Education: Sheldon Richman on the Separation of School and State5:38
    We Don't Need No (Public) Education: Sheldon Richman on the Separation of School and State
    ReasonVids
    943 views
    Thumbnail for 'Twas the Night Raid Before Christmas2:31
    'Twas the Night Raid Before Christmas
    ReasonVids
    1044 views
    Thumbnail for Anti-Bullying Bill Could Jail People Who Criticize Politicians (Nanny of the Month, June '13)1:42
    Anti-Bullying Bill Could Jail People Who Criticize Politicians (Nanny of the Month, June '13)
    ReasonVids
    971 views
    Thumbnail for Comedy, College, and the Fight to Save Free Speech: Can We Take a Joke?7:05
    Comedy, College, and the Fight to Save Free Speech: Can We Take a Joke?
    ReasonVids
    1034 views
    Thumbnail for Killing California's Costly Death Penalty6:57
    Killing California's Costly Death Penalty
    ReasonVids
    904 views
    Thumbnail for India? No, This is Canada | Clyde Do Something14:50
    India? No, This is Canada | Clyde Do Something
    invidious
    213 views
    Thumbnail for Training a cat....it can be done1:00
    Training a cat....it can be done
    bestofupgoat
    536 views
    Thumbnail for Just Can't Quit: How Far Will Smoking Bans Go?8:08
    Just Can't Quit: How Far Will Smoking Bans Go?
    ReasonVids
    929 views
    Thumbnail for Real Man of Genius: Joe Biden1:29
    Real Man of Genius: Joe Biden
    ReasonVids
    1124 views
    Thumbnail for LA Is Spending Over $1 Billion to House the Homeless. It’s Failing.9:31
    LA Is Spending Over $1 Billion to House the Homeless. It’s Failing.
    ReasonVids
    982 views
    Thumbnail for Hangover Heaven: The Vegas Hangover Cure on Wheels3:01
    Hangover Heaven: The Vegas Hangover Cure on Wheels
    ReasonVids
    1054 views
    Thumbnail for 30 Ways to Say DNC1:01
    30 Ways to Say DNC
    ReasonVids
    999 views
    Thumbnail for The Ethical Argument for Free Trade - Daniel Hannan on Brexit21:40
    The Ethical Argument for Free Trade - Daniel Hannan on Brexit
    ReasonVids
    1059 views
    Thumbnail for Fries made rice and dal is the new innovative recipe you need to try for your snack time!😋 | Cookd0:30
    Fries made rice and dal is the new innovative recipe you need to try for your snack time!😋 | Cookd
    invidious
    196 views
    Thumbnail for How To End Poverty in the South Bronx8:25
    How To End Poverty in the South Bronx
    ReasonVids
    1040 views
    Thumbnail for Should All Drugs Be Legal? A Soho Forum Debate1:25:04
    Should All Drugs Be Legal? A Soho Forum Debate
    ReasonVids
    807 views
    Thumbnail for The Feds Arrested Aaron Sandusky Because He Was Too Successful, Says Dan Forman0:53
    The Feds Arrested Aaron Sandusky Because He Was Too Successful, Says Dan Forman
    ReasonVids
    946 views
    Thumbnail for Why Millennials and Gen Z Hate Boomers4:56
    Why Millennials and Gen Z Hate Boomers
    ReasonVids
    958 views
    Thumbnail for Welfare Pays More than Minimum Wage in 35 States: Q&A with Cato's Michael Tanner6:54
    Welfare Pays More than Minimum Wage in 35 States: Q&A with Cato's Michael Tanner
    ReasonVids
    915 views
    Thumbnail for Police Play NSA: Warrantless Data Collection the New Normal? Don't Cops Have Better Things to Do?!2:22
    Police Play NSA: Warrantless Data Collection the New Normal? Don't Cops Have Better Things to Do?!
    ReasonVids
    1052 views
    Thumbnail for Barack Obama & the DC School Voucher Program5:27
    Barack Obama & the DC School Voucher Program
    ReasonVids
    967 views
    Thumbnail for What is Bearing? Types of Bearings and How they Work? | The Engineers Post10:00
    What is Bearing? Types of Bearings and How they Work? | The Engineers Post
    invidious
    413 views
    Thumbnail for South Africa - roll your boat prisoner [2021/July 15]0:21
    South Africa - roll your boat prisoner [2021/July 15]
    godiswhite
    1243 views
    Thumbnail for Six Million Cookies original content1:58
    Six Million Cookies original content
    bestofupgoat
    353 views

points

Permalink
Reply
russ roberts
,
nick gillespie
,
keynesian
,
austrian
,
monetarist
,
economics
,
economy
,
bailout
,
qe
,
federal reserve
,
quantitative easing
,
libertarian
,
reason tv
,
econ talk
,
cafe hayek
,
george mason
,
hoover
,
npr libertarianism reason
,
magazine
,
reason
,
foundation
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle