When it comes to the European debt crisis, "nothing has been solved," explains Hayek Institute president Barbara Kolm. "The situation is as worse as it was at the beginning, and we literally burned money trying to bail it out."
Reason Magazine's Matt Welch sat down with Kolm to discuss the Eurozone's financial issues and what it will take to bring Austrian economics back to Austria.
Kolm points out what Austrian economists have always known, that redistributive welfare states do not work and that there is no place in Europe for a one-size-fits-all model of government and economics.
Held each July in Las Vegas, FreedomFest is attended by around 2,000 limited-government enthusiasts and libertarians a year. Reason TV spoke with over two dozen speakers and attendees and will be releasing interviews over the coming weeks. For an ever-growing playlist, go here now:
Duration 5:03 minutes.
Camera by Tracy Oppenheimer and Alex Manning; edited by Mark Wagner
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