Monday, October 22, 2012

Review of the Cafe

"I'd sum up Boudreaux's chief aim as the preservation of liberty, which happens to foster material well-being. A major economic concern of his is the public debt plus unfunded liabilities. He notes the two together are now pegged by one study at something like $84 trillion. This is obviously huge and worrisome, though he warns against crying wolf, saying the issue is too complex for anyone to know how close we may be to disaster. In the middle of the Depression, there was far more reason
to be worried, he said - and yet we survived. I'd sum up Boudreaux's chief aim as the preservation of liberty, which happens to foster material well-being. A major economic concern of his is the public debt
plus unfunded liabilities. He notes the two together are now pegged by one study at something like $84 trillion. This is obviously huge and worrisome, though he warns against crying wolf, saying the issue is too complex for anyone to know how close we may be to disaster. In the middle of the Depression, there was far more reason to be worried, he said - and yet we survived."

http://www.thereporteronline.com/article/20121002/OPINION03/121009883/ca
fe-hayek-a-website-that-educates

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