This pair of videos from National Review TV’s Uncommon Knowledge features University of Chicago legal scholar Richard Epstein and former Under Secretary of the Treasury and Stanford Economics Professor John Taylor discuss Keynesianism vs Milton Friedman’s monetarism and the causes of our current economic problems. They are the first two parts in a series of 5 with the other 3 still to come. My only complaint so far is that the discussion has ignored Mises, Hayek and the Austrian contributions to this entire debate which are distinct from Friedman’s arguments. And historically the great debate was not between Friedman and Keynes but between Hayek and Keynes. But there are still three segments to come. We will see if the conversation shifts. Here are the links to segments one and two.
by Locker Room contributor