The Age of Befuddlement
Charles Goyette on Crucial Discoveries in Austrian Economics
I have had the pleasure of attending the New Orleans Investment Conference with the PanAm Post’s editor in chief, Fergus Hodgson, this week. It has been an eye-opening experience on many fronts. This evening, for example, Charles Goyette spoke on the failures of Keynesianism.
Goyette is a well-known libertarian author and speaker, having been on various news outlets over the decades. He started his talk with a critique of the United States’ debt ceiling predicament and drama, linking the “utter befuddlement” of the government in response to economic bubbles and crises. Case in point: when confronted with the size of the national debt, President Barack Obama had not even a general idea, according to Goyette, insisting that it does not matter anyway, since the US public owe it to themselves. In fact, a large portion of that debt is foreign-owned.