Or you can send them to Hillsdale College where my son goes to learn the Austrian School of Economics as espoused by Von Mises and Hayak. Gov’t is not the solution and the more they interfere, the worse the consequnces will be and the longer the economy will take to recover. One only read Dr. Folsom’s (Hillsdale prof) book which came out last Feb., titled “New Deal or Raw Deal?” to see the harm FDR and his New Deal did to the economy and kept America in a Depression.
One quote in the book from FDR’s Treasury Secretary says it all. Henry Morgenthau (who was FDR’s Treasury Secretary and closest confidant) blows all of the liberal arguments out of the water. On May 9, 1939, with unemployment at 20%, speaking to the House Ways and Means Committee Congress, Morgenthau said “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong...somebody else can have my job. I want to see the country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promise....I say after eight years of this administration we have just as much unemployment as when we started....and an enourmous debt to boot!”
It is cheaper to read the book.
It is cheaper to read the book.
I promote those books, Hazlitt especially because any son or daughter bound for any school can be armored against the socialist drek predominant at most colleges and if they don’t go to college they are armored against Brokaw and Moyers et al. When one learns the Hazlitt book, and one cannot read through it without learning the basic point, one cannot any longer be snowed by economic falsities and canards no matter how many Greek-seeming graphs are drawn on the board or how dense the language of an instructor. One who reads that book and persists in Socialist nostrums knows he is wrong but his goals are not freedom or prosperity (for other than the rulers). For more detailed knowledge then read von Mises, then Adams, Hayek, Ricardo, Bastiat, etc. and/or go to Hillsdale.
Hazlitt does not give one a set of axioms to declaim without thinking about them. Hazlitt shows you how to think through from actions to consequences and secondary consequences and makes such “thinking through” automatic.