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Thought To Ponder Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. A fly-by-night securities operator can quickly meet all the S.E.C. requirements, gain the inference of respectability, and proceed to fleece the public. In an unregulated economy, the operator would have had to spend a number of years in reputable dealings before he could earn a position of trust sufficient to induce a number of investors to place fund with him. Protection of the consumer by regulation is thus illusory. |
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Video: Economics of Liberty 2011: Leture Series - Lecture Eight
16 July 2011
Dr. Richard Ebeling
The Nassau Institute proudly presents the eighth lecture in its Economics of Liberty, Lecture Series. It's titled, "Economics of Liberty and the Welfare State". The lectures were conducted May 2 & 3, 2011, by Dr. Richard Ebeling, Professor of Economics at Northwood University, Midland Michigan, USA. The Nassau Institute is grateful to Dr. Ebeling for his assistance, guidance, dedication and fabulous teaching ability. A special, heart felt, thank you is extended to The Templeton Foundations for their generous support, without which this lecture series would not have been possible. We also thank The College of The Bahamas and Professor Randy Forbes for hosting this lecture series in their great auditorium in the new Harry C. Moore Library. Enjoy the eighth lecture, "The Economics of Liberty and the Welfare State" below. Find the readings for the lectures at the links below: 1. In Defense of Capitalism Part One (pdf)
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