Saturday, December 13, 2014

Burton Folsom Interview! (12/12/14)

We are excited to welcome Burton Folsom to the program. A professor of history at Hillsdale College and a great advocate of Free Market economics. He received his B. A., from, Indiana University. His M.A. from the University of Nebraska, and his PhD from the University of Pittsburgh. He has written several books. One of the most popular ones is The Myth of the Robber Barons, which explores the positive effects of entrepreneurs and limited government. In the book he makes clear the often overlooked difference between "political" entrepreneurs and "market" entrepreneurs. He gives examples from history of various market motivated businessmen (like Rockefeller, Schwab, Vanderbilt, & J.J. Hill) and how their actions positively affected their contemporaries and the history of the United States. He also shows how politically motivated businessmen (like Fulton, Villard, Gould, and Stanford) had mostly negative effects. He makes a very effective case that big government and regulatory agencies get in the way of a healthy economy!

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