was the son of friedrich hayek, the nobel prize-winning economist. i just found that quote. they put it on amazon after reading one of my books and studies the only guy i can understand. he speaks to the common man. laurence hayek was not an economist. he was an nda, so he wasn't trained as an economist. so i do try, since i live in the real world, i'm not just an academic. i have a phd in economics. because i am a practical investment advisor who's written a newsletter for 34 years, people are interested. i have a writing style that is more

was the son of friedrich hayek, the nobel prize-winning economist. i just found that quote. they put it on amazon after reading one of my books and studies the only guy i can understand. he speaks to the common man. laurence hayek was not an economist. he was an nda, so he wasn't trained as an economist. so i do try, since i live in the real world, i'm not just an academic. i have a phd in economics. because i am a practical investment advisor who's written a newsletter for 34 years, people are interested. i have a writing style that is more understandable than his ivory tower type economists. >> host: there's a picture in your boat here but is this? >> guest: this is a picture of my wife and i do in a waltz on a cruise ship and i thought i will dedicate this to my waltzing partner through life, my wife, joann scouts. >> host: the book that has been dedicated is "a viennese waltz down wall street." mark skousen is the founder of freedom fest and the author of this and many other books. this is booktv on c-span 2. >> host: "the united states of paranoia" is the name of the bo

little ink and bandwidth has been spilled about the austrian economists such as friedrich hayek lived with one mrs and marie roth bard so we've taken it upon ourselves to interview someone who knows two of them personally earlier i spoke with richard ebeling economics professor at northwood and i first asked him about well you guessed it quantitative easing and the future of bernanke the so-called exit. the problem is is that quantitative easing means nothing more than the federal reserve's intensive expansion of the money supply to just take a second to make sure we understand this is basically what the federal reserve was doing for the five years before the economic crisis that began in two thousand and eight for five years the try to reserve has increased several measurements of the money supply by over fifty percent they've pushed interest rates to two bull below . zero and when discounted for inflation and it's basically about monetary expansion and interest rate manipulation they created the house of cards that resulted in the recession that we've been slowly recovering from the

friedrich hayek for instance one of our heroes of course praised americanization very much.he attributed to americanization the virtue of having values and ideas relating to the free society. and yes i think there is something to be said for americanization. there were some aspects they were that were kind of chauvinistic and i guess there were abuses but by and large it was a healthy thing. it was not so much government policy. it was just a general cultural attitudes across society that somehow created incentives for people who came to become familiar with the values of society and all of these things. it was a positive thing. that began to change in the 1960s of course when this whole new paradigm what we call multiculturalism today emerged. i don't go into a lot of detail because there's a whole chapter in the book and it's a fascinating discussion but i don't want to be sidetracked. just quickly i would say that essentially what happened was europe's decolonization after the second world war we began to look at values in a different way through relativism. we began to s

friedrich hayek for instance one of our heroes of course praised americanization very much. he attributed to americanization the virtue of having values and ideas relating to the free society. and yes i think there is something to be said for americanization. there were some aspects they were that were kind of chauvinistic and i guess there were abuses but by and large it was a healthy thing. it was not so much government policy. it was just a general cultural attitudes across society that somehow created incentives for people who came to become familiar with the values of society and all of these things. it was a positive thing. that began to change in the 1960s of course when this whole new paradigm what we call multiculturalism today emerged. i don't go into a lot of detail because there's a whole chapter in the book and it's a fascinating discussion but i don't want to be sidetracked. just quickly i would say that essentially what happened was europe's decolonization after the second world war we began to look at values in a different way through relativism. we began to