Kel Kelly Author & Former Wall Street Economist Makes the Case for Free Market Healthcare 5:08 PM Monday, May 22, 2023, Live on KWRO
Kel Kelly is a former Wall Street economist, the author of The Case for Legalizing Capitalism, and co-creator of Fact Court, a brand-new social media platform that fights misinformation by certifying facts in fact courtrooms.
Preface
I FIRST BEGAN to learn about economics in college and from reading and studying the topic subsequently on my own. As my studies progressed, I thought I was on the path to learning how the world worked. But one day, while sitting at a café in Paris (where I was doing graduate work), the book I was reading introduced me to the great economist Ludwig von Mises and the so-called Austrian school, which I—like most people—had previously never heard of. 1
After studying free-market economics, I began to understand how the world really worked and learned that all other explanations of economics could easily be proven incorrect. I soon began to understand how our nation’s economic policies in fact actually harm us. I learned that the economic concepts that I, like everyone else, had always thought straightforward and obvious, were completely opposite from what we all simply took on faith. I thought that price controls, wealth redistribution, and government regulation helped and protected people. I had no idea that these things actually harmed those it was intended to help. I further assumed that economic progress was a natural phenomenon: I didn’t understand that for over the tens of thousands of centuries that man had existed, improving standards of living had occurred only during a handful of those, and not at all consecutively. Moreover, I didn’t know that it was possible for us to cease progressing, at any time, and actually to lose all of the economic gains we have achieved.