New at Reason.tv: FEE's Lawrence W. Reed on How Having the Government Run the Economy Is a "Recipe for Disaster"

August 3, 2009

The Foundation for Economic Education, or FEE, is one of the oldest libertarian organizations in the country. Founded in 1946 by Leonard Read, FEE holds seminars, publishes The Freeman, and has inspired generations of classical liberals and free-market thinkers.

Lawrence W. Reed has headed up FEE since September 2008, after two decades running the Mackinac Center for Public Policy. In this Reason.tv interview, conducted by Reason Editor in Chief Matt Welch at the FreedomFest conference in Las Vegas, Reed talks about how he first came to his politics in 1968 because of Czechoslovakia's "Prague Spring," and how the mission of teaching free-market economics remains as urgent as ever in 2009.

Approximately 5 and a half minutes. Shot and edited by Dan Hayes.

Click here for embed code, iPod, HD, and audio versions.

Comments

Cal Lipigian|8.3.09 @ 4:43PM|#

Having the Government Run the Economy Is a "Recipe for Disaster"

Good thing that Obama is a small-government kind of guy, then.

Skeptic|8.3.09 @ 6:14PM|#

Having Wall Street allocate $3 trillion of investor capital into unsalable condo towers and forcing shotgun bank marriages backed by Fed capital to prevent total economic meltdown will work for sure!

Anonymous|8.3.09 @ 6:19PM|#

As long as the government gives me a wheelbarrow full of turnips, who am I to complain?

anon|8.3.09 @ 10:07PM|#

http://img.4chan.org/b/src/1249349293164.jpg

DADIODADDY|8.4.09 @ 10:01AM|#

But they've done such a great job with the Post Office, Amtrak, Social Security and Medicare...not to mention TARP and CARS, it's such an opbvious fit for them to run everything

d|8.4.09 @ 11:16AM|#

Error in title: Recipe Prescription for Disaster.

Listen to what the man says, please.

Inflation is the Enemy|8.6.09 @ 3:22AM|#

Centrally planning interest rates is an equal disaster to centrally planning production. The central bank can unreasonably confiscate people's savings via inflation, leaving them with little to retire on. I hope Ron Paul gets rid of inflation.