Lawrence W. Reed became President of the Foundation for Economic Education (FEE) in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. He previously served for 21 years as President of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time at Northwood University in Michigan and chaired its department of economics. He holds two honorary doctorates, one from Central Michigan University and Northwood University. Reed has authored nearly 2,000 columns and articles in newspapers, magazines and journals in the United States and abroad. He has authored or coauthored eight books, the most recent being “Was Jesus a Socialist?” and “Real Heroes: Inspiring True Stories of Courage, Character and Conviction”.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:21 The connection between liberty and character

10:36 The importance of personal responsibility in dealing with money

12:36 The power of the entrepreneur

21:57 Stories of remarkable entrepreneurs that have been forgotten

28:22 About Larry’s life and work

35:27 The risk of hyperinflation when expanding money and credit