Dr. Mark Thornton: We Are A "Santa Claus" State

Published: May 3, 2016, 8:11 p.m.

b'Wall St for Main St welcome back Dr. Mark Thornton, who is a Senior Fellow at the Mises Institute. In this podcast, we discussed the rise of socialism in the U.S. and why it has become a popular ideology among the young voters in this election. We also discussed why capitalism has become less popular and what we can do to show the benefits of free market capitalism. In the next part of our podcast, we discussed the federal reserve decision not to raise the interest rate. Can the Feds raise rates without the economy falling apart? Finally, we talked about the ongoing war on drug and why the government is on the losing side of the war.'