Mar 30, 2014 • 1HR 21M

Worst Ten Economic Mistakes of the 20th Century

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Appears in this episode

Bob Zadek
Bob talks about the issues that affect our lives on a daily basis from a purely libertarian standpoint. He believes in small government, fewer taxes, and greater personal freedom.<br /><br />America has lost its way, but it cannot and does not need to be reinvented. Our founders were correct about their approach to government, as were John Locke, Adam Smith and the other great political philosophers who influenced them. The country’s first principles are economic and social freedom, republicanism, the rule of law, and liberty. Bob believes we must take the best of our founding principles and work from them because a country without principles is just a landmass.
Episode details

We’ve always had lists. Billboard had its “top 40.” Fortune has its “Fortune 100.” Only a free-market economist could build a list of the “The Terrible 10: A Century of Economic Folly.” That economist is Burton Abrams, Professor of Economics at the University of Delaware, Research Fellow at the Independent Institute, and Director of their Government Cost Calculator (check it out at What’s your favorite? Prohibition? Social Security? Medicare? Environment? In this episode, Bob and Burt cover them all, as well as the root causes. It is astonishing to see what all these mistakes have in common. Listen to this podcast and you’ll learn why the best pick up line of the 21st Century will soon be “What’s your favorite economic folly?”