Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “Uncommon Knowledge”

Blame the Grievance Industry

Whether it’s Black Lives Matter directing its hatred at law enforcement or the Reverend Al Sharpton spewing vitriol, our disadvantaged neighborhoods continue to wallow in the self-pity and victimization culture that has swallowed up these communities. Celebrated economist, social theorist and Senior Fellow at the Hoover Institution at Stanford University, Professor Thomas Sowell, blames this very grievance industry for promoting the prevalent self-defeating welfare state vision. Sowell explains in this interview with host Peter Robinson on Liberty Pen’s “Uncommon Knowledge.”

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The Failure of the Fed

Hoover Institution Senior Fellow Dr. Thomas Sowell is adamant that since the financial crisis of 2008 the Federal Reserve has been an abject failure. “By keeping the interest rates low, they’re for example depriving a whole generation a decent return on money that they saved, which would normally go into the market place and earn them a decent rate of interest,” Sowell tells Peter Robinson of Uncommon Knowledge. “But now the Federal Reserve is keeping the interest rate low, so they won’t get it.” Tune in as Sowell elaborates on the Fed and corrects a common misconception of the Great Depression on this edition of Liberty Pen.

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