Yaron Brook Lecture: Why Bad Economics Won't Go Away, Part 1

Why is it that people don't seem to learn from experience? It is clear that our existing Keynesian economic policies have failed miserably. We can compare controlled economies with those less controlled, and compare more regulated sectors of our own economy with those sectors that have fewer regulations. Logic and history are on the side of those economists who have advocated for free markets. Why do those who advocate sound economic policies continue to fail in substantially rolling back government intervention in the economy? It would seem so easy. In this talk, delivered on December 1, 2011, at Hyatt Regency Hotel in Chicago, Yaron Brook, executive director of the Ayn Rand Institute, identifies the reasons people find the free-market idea so difficult to accept and why statist policies seem to make so much sense to them. He identifies why we have been losing this intellectual battle, and provides real solutions on how to make significant headway toward ending these bad economic policies, allowing us to achieve more freedom and prosperity. This video is also published on the Ayn Rand Institute Channel, for more see    / aynrandinstitute   Like what you hear? Become a Patreon member, get exclusive content and support the creation of more videos like this!   / yaronbrookshow   or support the show direct through PayPal: paypal.me/YaronBrookShow. Want more? Tune in to the Yaron Brook Show on YouTube (   / ybrook  . Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook). Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.