Libertarian Alan Greenspan Admits: Libertarian Economics Don’t Work! (Video)
Greenspan admitted the the whole notion of “counterpart surveillance,” a foundational economic idea of libertarianism, doesn’t work.
Via Americans Against The Tea Party:
Thom Hartmann took libertarianism to task on his show recently, and the most interesting highlight was a soundbite he played from Alan Greenspan, where Greenspan admitted the the whole notion of “counterpart surveillance,” a foundational economic idea of libertarianism, doesn’t work.
Hartman begins with a brief history of libertarianism, and then touches on Alan Greenspan’s mentor, Ayn Rand. It’s interesting to note that Ayn Rand hated libertarians; she felt they were intellectual thieves, that they were working closely with theocratic interests in this country, and that they were “anarchic ...