Independent Institute Senior Fellow Robert Higgs is interviewed here by Judge Andrew Napolitano on Fox News’ program, “Freedom Watch,” regarding the utter folly of the gigantic federal spending programs first started under George W. Bush and now enormously expanded by Barack Obama and the U.S. Congress. Prolonging the recovery amidst enormous economic confusion and new government mandates, the impact of such policies is rising unemployment and business and bank failures.

Also see the following key book:

Depression, War and Cold War: Challenging the Myths of Conflict and Prosperity, by Robert Higgs