Investor Don Smith on the Economy

At FreedomFest in July, Reason's Nick Gillespie talked with investor (and Reason Foundation donor) Don Smith about the economy and his outlook for the market. Smith expects the U.S. will continue putting off a meaningful resolution to its debt problem, but he's thrilled the issue is finally getting attention. Despite recent market woes, Smith is bullish on stocks: With money-market funds paying almost nothing, he says, where else are people going to put their money?

Shot and edited by Jim Epstein. About 4.30 minutes.

Held each July in Las Vegas, FreedomFest is attended by around 2,000 limited-government enthusiasts and libertarians a year. Reason.tv spoke with over two dozen speakers and attendees and will be releasing interviews over the coming weeks. For a playlist of videos released so far, go to http://www.youtube.com/user/ReasonTV#grid/user/F99A865DEA9AB6CB/user/F99A865DEA9AB6CB)

Go to http://Reason.tv for downloadable versions and subscribe to Reason.tv's YouTube Channel to receive automatic notifications when new material goes live.