I was pleased to see the following clip of Stossel on the O’Reilly Factor, where Stossel defends Ron Paul and begins to sound pretty good on issues of foreign policy. It was rather funny, honestly, to hear Stossel say that Ron Paul is “right on everything” – including foreign policy. While Stossel doesn’t talk about jus in bello (ethics during war), where I had the biggest problem with him before, he has the right idea on jus ad bellum (justification for war). Take a look, it’s entertaining to watch that snake O’Reilly squirm and look like an idiot trying to pronounce Keynes’s name to say the least.
I should note, though, that there was a Federal Reserve in 1920. They just didn’t do much in that recession, and thus it lasted for less than a year.
