EPISODE 56: Deconstructing the Federal Reserve with George Selgin and Norbert Michel
If the Fed brought home a report card reflecting its performance since its creation in 1914, its parents would not be pleased. Its record for stability is among the worst in the developed world, and it has done little to fix the problems it was invented to address. Moreover, the Federal Reserve is far from the only way to assure stability in banking. As George Selgin of the Cato Institute and Norbert Michel of the Heritage Foundation persuasive argue on the Bill Walton Show, it may not even be the best way. More provocative views on the Fed from George and Norbert: How the Fed contributed to, then botched its response to, the 2008 recession. Forget the idea that it was only about “greedy bankers.” If you want to learn what really happened, their explanation is lucid. Why an “independent” Fed has never been a reality and probably should not be the goal. We need our money to be politically accountable, but how to do this is a thorny issue. If America could print all the money we needed, we would never have financial problems, right? That’s Modern Economic Theory in a nutshell, and George and Norbert explain why this very seductive idea is such a dangerous one. George and Nobert explain “quantitative easing” to me and how it’s painted the Fed into a corner. I sort of get it. See what you think, here on the Bill Walton Show.
Episode 244: How Financial Regulators Have Become a (Progressive) Law Unto Themselves” with Todd Zywicki
In this episode I’m talking with Todd Zywicki, the George Mason University Foundation Professor of Law in the Antonin Scalia Law School and former Executive Director of the GMU Law and Economics Center.
He is also one of the most engaging and clear thinkers about the vast and complicated world of consumer financial services. He was Chair of the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law and served as Editor of the Supreme Court Economic Review.
Todd’s recent article “Restoring the Rule of Law in Finance” served as our launching point for a fascinating – and disturbing – conversation about how financial regulation has become a key weapon in the progressives arsenal to fundamentally change America.Watch Now
Episode 243: Capitalism’s Promise: Essentially Infinite Resources and Human Flourishing with George Gilder and John Tamny
I’m talking in this episode with the upbeat and visionary George Gilder, one of America’s leading economic and technological thinkers, and the author of the groundbreaking books, Wealth and Poverty, Knowledge and Power, The Scandal of Money and now:
Life after Capitalism: The Meaning of Wealth, the Future of the Economy, and the Time Theory of MoneyWatch Now
Episode 242: The Surgeon General Now Wants To Cure Your Loneliness: What Could Possibly Go Wrong? with Stella Morabito and Mark Tapscott
In one of our most talked about episodes, Stella Morabito came on the show in May to talk about her book The Weaponization of Loneliness: How Tyrants Stoke Our Fear of Isolation to Silence, Divide, and Conquer.
We talked about the dangerous tyranny of thought creeping into American lives. Government, social media and a new kind of “ruling class” are increasingly working to control speech and behavior and isolate us from one another. This effort is intensifying and spreading throughout society’s institutions.Watch Now
“America needs to come to terms with the reality and scale of the assault on free speech. Our government has established a vast system of censorship. By keeping it largely secret, it has been able to exert unconstitutional control over medical, scientific and political speech, suppressing debate over questions of great public importance. This is a shocking constitutional violation. All of us, not only the courts, need to recognize what is at stake.”Watch Now
This is a different kind of episode of The Bill Walton Show. My guest is the charming and insightful polymath Carrie Sheffield who is a columnist and broadcaster now with the Independent Women’s Voice.Watch Now