Art Laffer on socialism threat: 'I don't think these guys are serious'

Former Reagan economic adviser Art Laffer discuss the rising threat of socialism among young American highlighting Ronald Reagan's warnings on economic freedom.

Rising support for socialism among young Americans threatens economic freedom, according former Reagan economic adviser Art Laffer. Laffer references Ronald Reagan's historic warnings against government regulation. He argues that today's socialist movement lacks the intellectual foundation of past decades, predicting that its leaders will lose all credibility once in office.