Young conservatives told the future is on their nickel (OneNewsNow.com)

In an era of auto company subsidies, bank bailouts, and economic 'stimulus' programs, young people attending the 31st Young America's Foundation's Conservative Student Conference were warned about government subsidies and 'robber barons.'

Dr. Burt Folsom is the author of the book Myth of the Robber Barons: Entrepreneurs vs. the State. Speaking at the conference in the nation's capital, Folsom gave a historical account of how much money has been wasted in subsidizing failed business ventures since the founding of America. He told students that free markets and entrepreneurship historically have always outperformed government-subsidized business.