Reason.tv’s Nick Gillespie interviews Vernon Smith. Smith is so fascinating. Consider taking time to listen to Smith as he talks about the housing challenges, Adam Smith, and his youth. His conclusion and acceptance of Hayek’s ideas (around 16:00 minute mark), that no one has all-knowing knowledge, are convincing.
Smith is quite forgiving with his views of the Federal Reserve Bank.
Smith also addresses the future of economic thoughts.