Liberal economic historian Jeff Madrick discusses the history of American government role in the economy with Fox News’ James Pinkerton, suggesting that the notion of a laissez-faire early America is a myth. It’s a very informative, and is really what a conversation between a liberal adult and a conservative adult should look like. Unfortunately, it’s not the type of discussion which draws ratings.

Highlights:

Jeff’s book “The Case for Big Government” (02:10)

The myth of a laissez-faire early America (09:14)

What Milton Friedman got wrong (10:26)

Jeff says Alan Greenspan’s model never really worked (06:44)

Stimulus worries (05:07)

Is government smart enough to rescue the economy? (07:22)

more about “The Case for Big Government“, posted with vodpod

What’s distracting to me is that Pinkerton sounds so much like Al Franken.

Anyway, there are other “diavlogs” like this one at bloggingheads.tv

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