Firing Line With William F. Buckley: ‘That if You Want More Jobs, the Government Should Get Out of the Way’

Source:Firing Line With William F. Buckley- Leon Botstein moderated this debate.

 

“As Mr. Botstein frames the question, “We are in a recession. Some people consider it a contained depression, perhaps the worst economic period since the Great Depression. And we don’t really know what to do about it.” Mr. Buckley thinks he does: “Bring back full employment by getting government out of the way.” After all, “A lot of people say they can’t build houses; they can’t afford the interest. Why is interest so high? Because of inflation. Who causes inflation? Only the government can cause inflation. The private sector has never discovered how to do it.” Mr. McGovern is equally sure that, say, the savings-and-loan crisis “is not the result of too much government intervention … Rather it is the opposite: the result of too little regulation and monitoring that permitted irresponsible S&L managers to rob that industry and the American public.” Mrs. Schlafly takes up the cudgels against overreaching legislation such as the Americans with Disabilities Act and the latest Clean Air Act, and we’re off on a vigorous exploration of what government can and can’t reasonably do.” 

From the Hoover Institution 

“Episode FLS112, Recorded on March 26, 1992

Guests: Richard K. Armey, Phyllis Schlafly, Herbert Stein, George S. (George Stanley) McGovern, Robert Eisner, Michael E. Kinsley, Hyman P. Minsky

For more information about this program, see:Hoover Institution." 

From Firing Line With William F. Buckley 

This looks like a debate between economic libertarians and people who would be called Social Democrats or Democratic Socialists everywhere else in the developed world, but since America is so special, they are called Liberals here. Because Americans leftists tend to be scared to death of the s-word. 

On the Right, you get government is already doing too much and what we need to do now is cut government, regulations, and taxes, and expand free trade in America. 

On the Left and actual Left (not liberal) you get government isn’t doing or taxing nearly enough and should be doing a lot more of that to meet the needs of the people and expand the economy. 

This is sort of a traditional left-wing vs right-wing debate in America about the role of government, that was brought to you by Firing Line With William F. Buckley.  

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