Today, The Two Mikes spoke with the noted economist Anne Bradley from the Fund for American Studies and George Mason University. Professor Bradley also is a professor of economics at the Institute of World Politics.
Professor Bradley recommended that listeners read Frederick Hayek’s book, The Road to Serfdom, for a well-written and understandable analysis of economic reality, a reality that appears to be entirely unknown by people like Clinton, Obama, and Biden and their economists.
One of the beginnings of wisdom in economics is that the more money the government prints the higher inflation will be. Professor Bradley also noted that economists must have a sense of humility and be able to acknowledge that not all “good projects” can be afforded, and so must not be funded.
Also key to a good economy is an educational system that not only teaches its students economic realities, but that they are independent actors in society and each person is solely responsible for making what they can of their lives.
Neither government nor fellow citizens should be called on by individuals for things they believe to be theirs by right, instead of gaining them through personal effort and hard work. It is always and only up to the individual to identify his or her “sphere of usefulness” and then figure out how to attain employment that allows that usefulness to flourish.
The Fund for American Studies: https://www.tfas.org
Institute for Faith, Work and Economics: https://www.tifwe.org
–Hayek’s book: The Road to Serfdom is available at: https://www.amazon.com/s?k=Frederick+hayek&i=stripbooks&crid=3OFWJ4DP2WMQZ&sprefix=frederick+hayek%2Cstripbooks%2C66&ref=nb_sb_noss_1
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