This will go down in history as the episode of “The Bill Walton Show” where economist John Tamny referred to views I presented as utter nonsense and I called his naïve. No, we haven’t descended into a late-night cable TV news catfight. Anyone who has watched this program for any time knows I could not have more respect for Tamny, a senior fellow in economics at Reason Foundation, and his unique insights into economics, trade, and policy—and that he’s one of my favorite people. But the language we both chose in what was an entirely pleasant conversation perhaps reflects the sharp differences that are emerging even on the pro-market side about the trade practices of President Donald Trump. I had made the point that China operates from a different playbook than us. Our economy …
Speaking at a session of the Hillsdale College lecture series Money: History and Controversies, Discovery Institute Senior Fellow dissected "The Problem of Crony Capitalism Today," discussing how the rise of the regulatory state has brought about an increasingly cozy relationship between Washington and big business.
Listen in as Senior Fellows Bill Walton and Jay Richards discuss morality and the free market, and why capitalism isn’t all about greed, but actually cultivates a moral society. …
This is a wonderful example of voluntary exchange where two people freely and willingly engage in a market transaction and both are better off after the exchange.
