October 18, 2008
Selgin on the financial mess

Here is an excellent video of my former colleague and frequent co-author George Selgin giving a recent talk at West Virginia U, with some very helpful charts thrown in for good measure. Selgin's talk begins at about 4:00 minutes in -- you can skip the introductions by paging forward to slide #2 -- and ends at about 25:00.

Posted by Lawrence H. White at 07:57 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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