Thomas E. Woods, Jr., is the New York Times bestselling author of 11 books, including The Politically Incorrect Guide to American History and Meltdown (on the financial crisis.) A senior fellow of the Ludwig von Mises Institute, Woods has appeared on MSNBC, CNBC, FOX News, FOX Business, C-SPAN, Bloomberg Television, and hundreds of radio programs... (Read More)
You know how some people are so clueless they have no idea how clueless they are? Bob Murphy just wrote to me about a critic of his most recent video:
Someone posted a comment on my Hurricane price controls YouTube, quoting the relevant legal statutes outlawing price gouging. He had left other comments saying how dumb my video was. I think his point was, “This video is stupid, because it is illegal for prices to go up like this economist is advocating.”
Naturally Bob’s point is that those laws are foolish and counterproductive, so it’s no argument against Bob to go listing the relevant laws.
I’m sure you guys can actually appreciate Bob’s video, so here it is: