RUSH: We have a junior from the University of Tennessee, the Tennessee Vols. This is Jordan on the phone. Hi, Jordan. It's great to have you here. Hello.OK, "supply side" is one particular understanding of economic policy -- the Laffer Curve and all that -- a catch-phrase that became popular in the 1980s, and we can discuss that elsewhere. But after some back and forth on the history of the Reagan adminstration, look what Rush says:
CALLER: Hello, Rush. It's an honor to speak with you.
RUSH: Thank you very much, sir.
CALLER: I just have a quick question. I am in a macroeconomics class. My minor is economics, and my professor drones on and on and on about the supply-side economics and how it does not work. And constantly in my test and even an essay, we had to talk about why supply-side economics does not work and why it's not fair to the poor and why it increases income inequality. I just want to know the truth, I guess. I'm just tired of this. . . .
RUSH: They never had to work a day in their lives. They just get up. But that's wonderful because they talk about the things your professor talks about, but you don't see Ted Kennedy or any other liberal walking neighborhoods giving money away -- unless he's taken it from somebody else first. I implore you, Jordan, my man, to investigate independently the economist Friedrich Von Hayek (H-a-y-e-k) from the University of Chicago. He's long dead. I urge you to. Does your professor ever talk about Milton Friedman?As Greg Ransom notes, a link by Instapundit (coincidentally run by University of Tennessee law professor Glenn Reynolds) had already sent The Road to Serfdom to #283 on Amazon, and the mention by Rush was enough to boost it to #179.
CALLER: Uhhh, no, sir.
RUSH: He does?
CALLER: No, he hasn't.
RUSH: Oh, he doesn't. I'm not surprised. Milton Friedman. There's a videotape, DVD series that Milton Friedman did that explains everything you want to know here in a classical economics sense. He's written many books. He was brilliant, Milton Friedman. So is Thomas Sowell, who is at the Hoover Institution on campus at Stanford. But read Friedrich Von Hayek, read The Constitution of Liberty, and read The Road to Serfdom. They're tough reads. These are intellectual treatises, but you will not be disappointed.
Coincidence or conspiracy? Vainglorious ego makes me wonder if Rush is reading this blog, because he mentioned Hayek on the same day that I -- in discussing "kooks" -- wrote several paragraphs about Hayek and how The Road to Serfdom had influenced Reagan. This certainly isn't the first time Rush has mentioned Hayek or Friedman or Sowell on his program but . . . well, I question the timing!
"You can accomplish much if you don't care who gets the credit."It was Hayek himself who described intellectuals as "secondhand dealers in ideas" and -- even though I've been named a leading Hayekian public intellectual (bwahahaha) -- I'm just driving a forklift in the regional distribution center. And there's a big "Help Wanted" sign out front. The more the merrier.
-- Ronald Reagan
Let Jane Hamsher whine that she's not getting paid enough to push the Democratic Party agenda. The No. 1 radio show in America is pushing Hayek, Friedman and Sowell -- and making Obscene Profits along the way -- so I don't care whether it's a coincidence or a conspiracy. Megadittos, Rush.
BTW, Hayek's book, The Constitution of Liberty, is now #665 at Amazon. I question the timing!