Sowell is a Chicagoite I would say, a Friedman disciple, but he is against a central bank and the NIT.
I wouldnt say he’s an Austrian, but I would think he’s closer to Vienna than Chicago, same goes for Walter E.
Walter E. Williams fills in for Rush Limbaugh occasionally and Dr. Sowell joins him for about an hour, it is absoultely great radio to hear these two men.
Sowell backs Reagan era deficits as a good thing, because he thinks deficit budgets are justified in a country like United States where booms in business will always mean higher total tax revenues despite lower tax rates.
It is another repitition of Galbraith’s “The danger from deficit is zero”, although Sowell would only state it as “The danger from deficit is little”. Apparently, as long as deficit does not reach an arbitrary percentage of an arbitrary statistic like GDP, it’s not a problem.
Its a violation of property rights. You own your house legitimately. Its a violation of free association; you have a right to peaceful interaction with your friends and family…