For years, John Stossel has been a favorite of beltway libertarians, and his version of libertarianism has seemed relatively moderate to me, even if he is a radical compared to most of his colleagues in the mainstream media.
But check him out here defending Ron Paul on two of the most important issues — the Fed and war — against the ignorant O’Reilly. It’s fun to see who’s now setting the agenda in the libertarian movement and who’s trying to catch up. Anyway, I’m glad that Stossel has apparently seen the light (if he hadn’t already) on these issues. One correction, though: there was a Fed in 1920; it just didn’t respond to that year’s short-lived depression with money printing and bailouts.
4:56 pm on June 16, 2011
