E231 - Senator Phil Gramm and Don Boudreaux on the Triumph of Economic Freedom

On this episode of the Hayek Program Podcast, Peter Boettke talks with former U.S. Senator Phil Gramm and Don Boudreaux about their new book, The Triumph of Economic Freedom, a sweeping challenge to seven persistent myths about American capitalism. The conversation ranges from the Industrial Revolution and the Great Depression to the financial crisis. Along the way, they reflect on why these myths endure, why economic freedom has done more than any other force to improve the lives of ordinary people, and why economists and educators must keep returning to history and basic economic reasoning in an age...