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Podcast: Faith and Economics
Episode: Democracy, Populism, Mob Rule - What's the Difference? | Episode #227
Description: In this episode, the Gwartney team discusses the populism issues arising from democracy. Too often does the 'mob rule' dominate over large portions of citizens. Is there a chance that this may be counterproductive to the benefits of democracy? Perhaps the concept of Fiscal Federalism could solve these issues. Join us in the link below to find out!
Show Notes:Â
4:15 // Contradiction between Democracy and Populism
11:20 // Is Elite Rule Good or Bad?
19:00 // Guard against Mob Rule
29:30 // The Fed is Too Large?
35:00 // The Power of Markets