A Harvard guy explains capitalism

Jeff Miron, Ph.D. is the Director of Undergraduate Studies in the Department of Economics at Harvard University and a Senior Fellow at the Cato Institute. Though he’s a staunch libertarian who believes that all narcotics should be legalized — a rather common position among the mass of Ron Paul supporters — Miron was also a candid detractor of both President Obama’s financial industry bailout and his Patient Protection and Affordable Care Act (i.e., “Obamacare”).

Take just a few minutes and listen to the good doctor explain the free market system that has afforded our nation so much. And then contrast his words with the guiding principles implemented by the current administration.