Budapest Panel at 2015 Free Market Roadshow

  • First speaker is Pieter Cleppe from Belgium, representing British think tank Open Europe in Brussels. Open Europe’s goal is to turn the EU into platform for open trade rather than a Super State.
  • If you wonder, “Is the European Union wasteful?,” you can ask the EU itself. For 20 years in a row EU auditors have refused to sign-off on their budgets. But those in European Parliament don’t care and always vote for more spending.
  • The Euro serves as a debt machine.
  • Second speaker is Professor Péter Ákos Bod, Chairman of Economic Policy Department, Corvinus Universty, Budapest.
  • Jump-cut at about 11:50 to Barbara Kolm, President, Hayek Institute, Vienna. She talks on secular stagnation.
  • The media wants to have us believe that we must take certain things as a given.
  • We need growth!
  • Flat tax great; make it flatter.
  • We need politicians who don’t mind not being re-elected.
  • Ron starts at about 17:50.
  • Democracy is meant to be choosing someone you trust to be a good person, not someone you trust to give you special privileges.
  • Australia can learn from flat tax.
  • Welfare and unemployment are growth areas in Australia.
  • Impressed with Barbara Kolm’s roadshow, but what can we as citizens do?
  • Our politicians don’t understand economics.
  • We can’t predict which Party a good politician will be a member of.
  • Plug for Mannkal’s Project Western Australia.
  • Be ready to fire intellectual bullets whenever you have the opportunity.
  • At about 24:40, speaker is Benjamin Powell, Director, Free Market Institute, Texas Tech University.
  • Powell disagrees with someone who says we shouldn’t be advocating the economic liberty ideology so much.
  • Three Ps are important: Price, Property rights and Profit and loss.
  • Financial crisis not caused by greed, because greed is always there!
  • Oil prices don’t go down because oil companies became less greedy.
  • Central banks pumping more money into the system sends the wrong signal to entrepreneurs. And bailing out failures makes it worse.
  • In favour of flat tax, as long as it’s zero. Also favour a progressive tax of zero.
  • Don’t go on the Euro!
  • Next speaker starts at about 38:30: Christof Zeller-Zellenberg, President of Europa Institut.
  • Warns that he is going to say something politically incorrect.
  • Defends strong and healthy traditional religious families as the backbone of society.

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