Professor Brad DeLong on Austrian Economics

Producer Charlie Deist tries to cram a semester of economics into one hour with Professor J. Bradford Delong He continues to look at the Austrian Business Cycle Theory, (see part 1), which holds central banks responsible for creating booms and busts by “pumping” cheap credit into the economy and subsequently “slamming on the breaks” when inflation results. Brad DeLong is a former deputy assistant secretary of the U.S. Treasury, and a professor of economics at the University of California at Berkeley, where he is chair of the political economy major. He was also an early blogger, and is one of the most respected voices in the “neoclassical synthesis”—the hybrid of classical, Keynesian, and monetarist macroeconomics taught at universities throughout the world. DeLong has criticized Austrians for putting the blame for business cycles entirely on government. However, he too was concerned by Alan Greenspan’s excessive easing, starting all the way back in 2004, and during the lead-up to the housing bust.

Tune in to find out why DeLong considers himself a student of both Milton Friedman and John Maynard Keynes, and learn what it means to be a liberal in both the modern and classical senses.

The KeynesianCritique ofAustrian Economics.png

Subscribe

Download the show in iTunes and Stitcher

Casey Given: Young Voices for Liberty

Casey Given is a man on a mission. Ever since founding the UC Berkeley chapter of Students for Liberty in 2009, he has worked tirelessly to advance “a free academy and a free society” – writing and organizing on behalf of the libertarian minority on college campuses across the country. Now, as Director of Young Voices, an initiative of international nonprofit Students for Liberty, Casey helps students and young professionals jumpstart their careers as classically liberal pundits, and compete with the dominant progressive liberalism espoused by millennials. Young Voices recently published a collection of 13 essays that bodes well for the future of liberty in our lifetime (A Future for Millennials: Policies that Can Restore Prosperity). Reminiscent of Milton Friedman's classic *Free to Choose,* A Future for Millennials renews the case for using the power of the market to solve the most pressing issues of 2016. Casey joins Bob to talk about what is on younger people’s minds, and how the Young Voices network is penetrating the thick fog of ideological conformism on college campuses and in the mainstream media. 

LINKS:

Young Voices website

Students for Liberty (International nonprofit)

Follow @CaseyJGiven on Twitter