Source: Fox News
Summary
Diogo Costa, president of the Foundation for Economic Education (FEE), discusses the threat of socialism and the importance of economic education. He argues that the affordability crisis is tempting the next generation with socialist ideas and that economic education is the antidote. Costa also shares his personal experience growing up in Brazil during the economically chaotic 1990s and how it shaped his outlook on policy.
Our Reading
As expected, the matter has reached another stage.
Diogo Costa sits down with Fox News Digital at Freedom Fest in Las Vegas to discuss the intellectual defense of free markets. He argues that the biggest challenge today is the reemergence of socialism, this time through cost-of-living socialism. Young people want to live in a market economy but also want heavy-handed intervention if they perceive it benefits them. Costa’s own experience growing up in Brazil during hyperinflation and protectionism shaped his outlook on policy. He emphasizes the importance of economic education, using the example of a pencil to illustrate the complexity of the market system.
It’s the same old song, but with a new melody.
Author: Evan Null
