Learn Liberty
How Cronyism is Hurting the Economy
updated
These are important questions — not just for the 2024 Presidential Election, but for the future of the United States in an ever-globalizing world.
Learn Liberty's Story Editor, Trevor Kraus, was challenged to assess Hans-Hermann Hoppe's (among others') takes on immigration. In the McNair Center for Free Enterprise at Northwood University, he'll present what he found. Then, Dr. Alex Tokarev, professor at Northwood University and an immigrant himself, will respond. Followed by a discussion and Q&A.
Dive into an issue at the heart of the 2024 political season ... and, ultimately, to learn.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
️🔥 For more content like this watch Prof. Antony Davies' Answers to the Most Googled Economics Questions: youtu.be/NVv_StQXHSI ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: wordsandnumbers.libsyn.com 🎙️
Myth number one, the government owes $20 trillion. How much is $20 trillion? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is for sale. The amount of money you spend will not be $20 trillion. If you go to Germany and then to France and you go to every town, and within every town, you go to every store. In every store, you look on every shelf and you buy everything. You still will not have spent $20 trillion. You can go to England and while you’re there, you can go to the North Countries and buy everything that’s for sale, and you still will not have spent $20 trillion. In fact, to spend $20 trillion, you have to go to every country in Europe, visit every town, in every town, go to every store. In every store, look on every shelf and buy everything. And then you will have spent about $20 trillion.
But the myth is that this is how much money the government owes. It turns out that there’s more, called unfunded obligations. Unfunded obligations is money the Federal Government has promised but which it does not and will not have the money to pay. Largely, this consists of promises of retirement and medical benefits. If you would take the present value of all the future promises of retirement and medical benefits the government has made and subtract from that the amount of money that’s in the government’s Social Security and Medicare trust funds, and then subtract from that the amount of money the Federal Government anticipates collecting under the current law from future Social Security and Medicare taxes, you will still have an amount of money left over that the government does not have.
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LEARN MORE:
How Big is the U.S. Debt? (video): A stunning visual representation of the ever-growing amount of debt and unfunded liabilities being accumulated by the federal government, narrated by Prof. Antony Davies.
youtube.com/watch?v=kc_5D3W3hTo
How Should Governments Deal With Debt? (video): Nations that spend themselves into debt face very difficult choices. Prof. Steve Davies describes the three main choices that governments have to fix their debt problems.
youtube.com/watch?v=qLHsV2XsyLU
Debts, Deficits, and Spending Cuts (video): Prof. Jeff Miron of Harvard University explains we should focus on reducing spending, rather than managing the deficit, if we want to reign-in the runaway national debt.
youtube.com/watch?v=jAbLvGAFH2w
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/10-myths-about-government-debt
Students For Liberty has acquired Learn Liberty from the Institute for Humane Studies. Now your two favorite educational and skills development channels are integrated into one simple platform - bringing you the very best of the pro-liberty movement. Read More about this news: http://bit.ly/2Eyr9EA
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Learn Liberty is the place to discover the ideas of a free society. We answer the big questions about what makes a society free and how we can improve the world we live in. Have we got all the answers? No - but we’ve got a lot of ideas.
What makes us different is that we collaborate with esteemed professors from a variety of academic disciplines to provide you with in-depth content and exploration through today’s most pressing problems.
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STUDENTS FOR LIBERTY:
Students For Liberty is a rapidly growing network of pro-liberty students from all over the world. Our mission is to educate, develop, and empower the next generation of leaders of liberty. Learn more at studentsforliberty.org
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Debate sponsored by IHS, the John Templeton Foundation, and University of San Diego’s Center for Ethics, Economics, and Public Policy.
SUBSCRIBE: http://bit.ly/2dUx6wg
LEARN MORE:
Are Immigration Restrictions Required by Individual Rights? (blog post): Nicolás Maloberti argues immigration restrictions restrict the right of association. http://www.learnliberty.org/blog/are-immigration-restrictions-required-by-individual-rights
The Constitutional Rights of Noncitizens (blog post): Regardless of whether or not immigration is a human right, noncitizens certainly have rights that must be protected. Professor Ilya Somin explains what those rights are. http://www.learnliberty.org/blog/t-he-constitutional-rights-of-noncitizens
Debating the Ethics of Immigration: Is There a Right to Exclude? (book): In this book, referred to in the debate, Christopher Wellman and Phillip Cole argue that freedom of association allows for states to restrict immigration. amazon.com/Debating-Ethics-Immigration-There-Exclude/dp/0199731721
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/full-debate-is-immigration-a-human-right
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
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LEARN MORE:
How Cronyism is Hurting the Economy (video): Jason Brennan explains the problems caused by cronyism and how to prevent cronyism. youtube.com/watch?v=gSgUENZ9O94
Should the Government Subsidize... Silly Walks? - Learn Liberty (video): Art Carden explains why government subsidies are problematic for the economy. youtube.com/watch?v=WzemQqkyoiI
"Is Capitalism "Pro-Business?" (video): Steve Horwitz explains why capitalism is good for everyone, not just big business. youtube.com/watch?v=hjh7mXPfMKs
TRANSCRIPT:
For the full transcript, visit http://www.learnliberty.org/videos/what-do-politici…-by-pro-business
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
In this video, Learn Liberty aruges that its wording should have been reversed — and elucidates 8 facts about the 2nd Amendment that you might not have realized.
Join Students For Liberty’s Local Coordinator Program: join.studentsforliberty.org
And for more on guns in America, see these posts on the Learn Liberty Blog:
How Gun Control Might Be Seen in the Future: learnliberty.org/blog/how-gun-control-might-be-seen-in-the-future
Why Do You Need a Gun?: learnliberty.org/blog/why-do-you-need-a-gun
CHAPTERS:
0:00 A Poorly Worded Amendment?
1:32 Fact #1: The roots of the 2nd Amendment can be traced to the English Bill of Rights of 1689.
3:37 Fact #2: The 2nd Amendment ALSO has roots in STATE constitutions.
5:59 Fact #3: The 2nd Amendment went through several drafts.
8:06 Fact #4: The 2nd Amendment has a “prefatory,” or “preface” clause, and an “operative” clause.
10:46 Fact #5: History has not looked kindly upon previous attempts to regulate guns.
12:33 Fact #6: The two major political parties used to be flipped on the interpretation and implementation of the 2nd Amendment.
14:40 Fact #7: There was another attack on the 2nd Amendment in 1994.
16:28 Fact #8: American police are increasingly militarized.
17:46 Last Thoughts
#2ndAmendment #FoundingFathers #gunrights
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org
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- http://www.pbs.org/wgbh/nova/next/body/what-science-knows-about-video-games-and-violence
- A correlational study of inmates that finds that video games don't
incite crime, although criminals may pick up a few small elements from video games:
http://psycnet.apa.org/psycinfo/2014-34418-001
- A longitudinal study finding no relationship between violent video games and youth aggression or
bullying: http://link.springer.com/article/10.1007%2Fs10964-012-9803-6
LEARN LIBERTY
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://bit.ly/1UleLbP
SOURCES:
Decline in youth violence over the last 20 years:
http://www.cdc.gov/violenceprevention/youthviolence/stats_at-a_glance/hr_trends.html
• Prof. Mike Ward’s three studies on the connection between video games and violence:
Michael R. Ward, “Video Games and Crime,” Contemporary Economic Policy, 29(2) (April 2011) 261-273.
http://onlinelibrary.wiley.com/doi/10.1111/j.1465-7287.2010.00216.x/abstract
Michael R. Ward, “Video Games and Adolescent Fighting,” Journal of Law and Economics, 53(3) (August 2010) 611-628.
http://www.jstor.org/discover/10.1086/605509?uid=40637&uid=3739920&uid=2&uid=3&uid=40636&uid=67&uid=5912216&uid=5910584&uid=62&uid=3739256&sid=21104755466893
Scott Cunningham, Benjamin Engelstätter, and Michael R. Ward, “Understanding the Effects of Violent Video Games on Violent Crime,” Working Paper, April, 2011.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1804959
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
But Argentina takes it to another level. While Evita Perón wasn’t officially a leader, her husband Juan Perón created a cult-like following around her. After her death, her body was embalmed, hidden in Italy, relocated to Spain, and finally brought back to Argentina. Now, she rests in Buenos Aires, far from public view.
Dive into the bizarre politics of authoritarian afterlives. 💀
We always hear that the rich should pay taxes more, that our tax rates aren’t high enough. If only we raise taxes we can solve a lot of our problems — inequality would go down and maybe we’d even have more economic growth. Now the funny thing about this view is it really doesn’t comport with our historical experience at all.
LEARN MORE:
The Myth of Equality in the 1950s (video): Another myth of the 1950s is that there was economic equality. Prof. Brian Domitrovic explains why this is a myth. youtube.com/watch?v=wLl9wOivHdc
How Cronyism is Hurting the Economy (video): Prof. Jason Brennan explains why cronyism, like the tax cuts for certain businesses in the 1950s, is bad for the economy and argues why limiting the government’s power would help solve the problem. youtube.com/watch?v=gSgUENZ9O94
The Good Ol' Days: When Tax Rates Were 90 Percent (article): Andrew Syrios compares the tax rates in the 1950s to those of the 1980s and today mises.org/library/good-ol-days-when-tax-rates-were-90-percent
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/why-the-rich-like-high-taxes
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
TRANSCRIPT:
Is asking $1300 for the generator morally wrong? Of course, you’d rather buy it from me for $800, but there are three reasons why my charging a higher price isn’t obviously wrong.
First, remember, you don’t have to buy it from me for $1300. If that’s more than you think the generator is worth, you’re free to walk on by. If you do decide to pay, it’s because you believe you’re getting more value out of the generator than you do for the $1300 you gave up for it.
Scond, ask yourself what would happen if I did charge only $800 for the generator. Remember you aren’t the only person who needs electric power in this situation. If the price was lower, would the generator still have been there when you tried to buy it? Or would someone else have snatched it up before you ever had a chance?
This leads directly to the third point, which is that high prices do more than just line sellers’ pockets. They also affect how buyers and sellers behave. For buyers, high prices reduce demand and encourage conservation. They lead buyers to ask themselves whether they really need that generator, or whether they can do without.
And by doing so, they allow at least some of those resources to be conserved for other people who might need them more, and therefore are willing to pay more. And for sellers, high prices encourage people to bring more goods to where they’re needed.
If generators can be bought in an area not affected by a hurricane for $800, and resold later for $1300, that creates a profit incentive for people to bring generators from where they’re less needed to where they’re more needed to get them to where they’ll do more good for people who need them most.
All of this leads to a surprising conclusion. Even someone who can’t afford to pay $1300 for a generator benefits from a system in which sellers are allowed to charge that price.
That’s because the profit motive that that system creates encourages competition, which increases supply, and ultimately, drives down prices to a more affordable level for everyone.
Now it’s true that when price gouging is legal, some people won’t be able to afford the higher prices that result. But ask yourself, what alternative institutions would do better?
When price gouging is prohibited, goods usually go to whoever shows up first. If you care about distributed justice, is that really a better system? I think there are good reasons to doubt that price gouging is immoral.
But suppose you’re not convinced. Suppose you think price gouging is exploitative and wrong. Should it be illegal? The answer, even if we assume price gouging is immoral, is almost certainly that it should not be illegal. If price gouging is wrong, it’s because it hurts people in vulnerable situations. But then, the last thing you want to do is hurt those vulnerable people even more.
Remember, the only reason price gouging occurs is because a disaster causes demand for certain goods to go up and supply to go down, with the result that there isn’t enough stuff to go around. Anti-gouging laws don’t do anything to address this underlying shortage.
In fact, they make it worse by destroying incentives for conservation and increasing supply. So even if you think that price gouging is morally wrong, and that merchants should refuse to engage in it, making it illegal doesn’t make sense. It hurts the very people who need our help most.
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LEARN LIBERTY:
Learn Liberty is an educational hub where you can explore the ideas of a free society. We look at the big questions about what makes a society prosper and how we can make the world a freer place for all. We don’t have all the answers - but we’ve got a lot of ideas. We work with professors from a range of backgrounds while giving them a platform to share their own opinions. In 2019, Learn Liberty was acquired by Students For Liberty from the Institute for Humane Studies. Learn more at learnliberty.org
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
This video is brought to you by Students For Liberty. Join here: join.studentsforliberty.org
For more about #1 Government Debt, see: Prof. Antony Davies: 10 Myths About Government Debt here: youtube.com/watch?v=EPjrFjAxwlw
Also mentioned in this video: Did Hayek Predict Bitcoin? youtube.com/watch?v=COCuhEi8L3w
CHAPTERS
0:00 What happened on Jekyll Island?
1:35 #6 The Fed’s Creation
3:01 #5 Money = Government Monopoly
4:05 Did Hayek Predict Bitcoin? Watch more here: youtube.com/watch?v=COCuhEi8L3w
5:23 #4 Capture Theory
6:46 #3 Income Inequality
9:16 #2 Everything the Fed Distorts
10:46 #1 Government Debt (Watch more here: youtube.com/watch?v=EPjrFjAxwlw)
#TheFed #incomeinequality #governmentdebt #Austrianeconomics #bitcoin
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Here in Part 2, Reem Ibrahim builds on what happened in the past. She walks us through 6 free-market principles that will maximize the likelihood of climate benefits in the future.
To learn more about the Clean Tax Cuts mentioned here, see: cleantaxcuts.org/events
And to learn more about Climate and Freedom and free-market environmentalism, see: youtube.com/@climateandfreedom
Chapters:
0:00 Unintended Climate Benefits of Freedom
0:37 Freedom First
3:03 Inclusive Competition
5:03 Private Property Rights
7:14 Free Trade
9:39 Clean Tax Cuts
11:05 Global Streamlining for Innovation Acceleration
#privateproperty #deregulation #climatechange #freetrade
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Yet, because of their foundation in free trade, inclusive competition, low taxes, and private economic rights, they benefited the climate — and humanity. Watch to learn how.
This is Part 1 of a two-part series. Part 2 discusses which free-market policies of the future are likely to have climate benefits. It's called 6 FREE MARKET Climate Solutions. Watch it here: youtube.com/watch?v=-3Iqxn06Z2E
CHAPTERS
0:00 Unintended Benefits
1:01 Free Trade
3:26 Tech Deregulation
6:22 Lower Taxes
8:47 Natural Gas Deregulation
10:15 Conservation Easement
11:28 Summary
#deregulation #climatechange #unintendedbenefits #conservationeasement
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
They include shocking governmental infringements on civil liberties, disastrous economic and environmental impacts, and long-term emotional and psychological damage.
Video brought to you by Students For Liberty’s Local Coordinator Program: join.studentsforliberty.org
Mentioned in this video: Snowden: Surveillance Is About Power: youtube.com/watch?v=RSc_IlFBWkw
Also: 12 SHOCKING Ways WORLD WAR I Still Shapes Our World Today: youtube.com/watch?v=3VKyBleQqCk
CHAPTERS:
0:00 Hidden Costs of War
0:19 Infrastructure
2:32 “Creative Budgets”
4:13 Civil Liberties
6:07 Psychological and Cultural
8:10 Long-term Economic Consequences
9:48 Bigger Government
11:28 The Earth and Sea
12:24 The Air
#RussiaUkrainewar #war #habeascorpus #debtfinancing #civilliberties
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
️🔥 For more content like this watch Prof. Antony Davies' Answers to the Most Googled Economics Questions: youtu.be/NVv_StQXHSI ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: wordsandnumbers.libsyn.com 🎙️
Myth number one, the government owes $20 trillion. How much is $20 trillion? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is for sale. The amount of money you spend will not be $20 trillion. If you go to Germany and then to France and you go to every town, and within every town, you go to every store. In every store, you look on every shelf and you buy everything. You still will not have spent $20 trillion. You can go to England and while you’re there, you can go to the North Countries and buy everything that’s for sale, and you still will not have spent $20 trillion. In fact, to spend $20 trillion, you have to go to every country in Europe, visit every town, in every town, go to every store. In every store, look on every shelf and buy everything. And then you will have spent about $20 trillion.
But the myth is that this is how much money the government owes. It turns out that there’s more, called unfunded obligations. Unfunded obligations is money the Federal Government has promised but which it does not and will not have the money to pay. Largely, this consists of promises of retirement and medical benefits. If you would take the present value of all the future promises of retirement and medical benefits the government has made and subtract from that the amount of money that’s in the government’s Social Security and Medicare trust funds, and then subtract from that the amount of money the Federal Government anticipates collecting under the current law from future Social Security and Medicare taxes, you will still have an amount of money left over that the government does not have.
SUBSCRIBE: http://bit.ly/2dUx6wg
LEARN MORE:
How Big is the U.S. Debt? (video): A stunning visual representation of the ever-growing amount of debt and unfunded liabilities being accumulated by the federal government, narrated by Prof. Antony Davies.
youtube.com/watch?v=kc_5D3W3hTo
How Should Governments Deal With Debt? (video): Nations that spend themselves into debt face very difficult choices. Prof. Steve Davies describes the three main choices that governments have to fix their debt problems.
youtube.com/watch?v=qLHsV2XsyLU
Debts, Deficits, and Spending Cuts (video): Prof. Jeff Miron of Harvard University explains we should focus on reducing spending, rather than managing the deficit, if we want to reign-in the runaway national debt.
youtube.com/watch?v=jAbLvGAFH2w
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/10-myths-about-government-debt
Students For Liberty has acquired Learn Liberty from the Institute for Humane Studies. Now your two favorite educational and skills development channels are integrated into one simple platform - bringing you the very best of the pro-liberty movement. Read More about this news: http://bit.ly/2Eyr9EA
CHECK OUT MORE OF LEARN LIBERTY:
learnliberty.org
facebook.com/LearnLiberty
twitter.com/LearnLiberty
instagram.com/learnliberty
LEARN LIBERTY:
Learn Liberty is the place to discover the ideas of a free society. We answer the big questions about what makes a society free and how we can improve the world we live in. Have we got all the answers? No - but we’ve got a lot of ideas.
What makes us different is that we collaborate with esteemed professors from a variety of academic disciplines to provide you with in-depth content and exploration through today’s most pressing problems.
CHECK OUT MORE OF STUDENTS FOR LIBERTY:
twitter.com/sfliberty
facebook.com/studentsforliberty
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linkedin.com/company/students-for-liberty
youtube.com/user/StudentsForLiberty
SUBSCRIBE TO STUDENTS FOR LIBERTY: http://bit.ly/2GNuOQD
STUDENTS FOR LIBERTY:
Students For Liberty is a rapidly growing network of pro-liberty students from all over the world. Our mission is to educate, develop, and empower the next generation of leaders of liberty. Learn more at studentsforliberty.org
️🔥 For more content like this watch Prof. Antony Davies' Answers to the Most Googled Economics Questions: youtu.be/NVv_StQXHSI ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: wordsandnumbers.libsyn.com 🎙️
Myth number one, the government owes $20 trillion. How much is $20 trillion? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is for sale. The amount of money you spend will not be $20 trillion. If you go to Germany and then to France and you go to every town, and within every town, you go to every store. In every store, you look on every shelf and you buy everything. You still will not have spent $20 trillion. You can go to England and while you’re there, you can go to the North Countries and buy everything that’s for sale, and you still will not have spent $20 trillion. In fact, to spend $20 trillion, you have to go to every country in Europe, visit every town, in every town, go to every store. In every store, look on every shelf and buy everything. And then you will have spent about $20 trillion.
But the myth is that this is how much money the government owes. It turns out that there’s more, called unfunded obligations. Unfunded obligations is money the Federal Government has promised but which it does not and will not have the money to pay. Largely, this consists of promises of retirement and medical benefits. If you would take the present value of all the future promises of retirement and medical benefits the government has made and subtract from that the amount of money that’s in the government’s Social Security and Medicare trust funds, and then subtract from that the amount of money the Federal Government anticipates collecting under the current law from future Social Security and Medicare taxes, you will still have an amount of money left over that the government does not have.
SUBSCRIBE: http://bit.ly/2dUx6wg
LEARN MORE:
How Big is the U.S. Debt? (video): A stunning visual representation of the ever-growing amount of debt and unfunded liabilities being accumulated by the federal government, narrated by Prof. Antony Davies.
youtube.com/watch?v=kc_5D3W3hTo
How Should Governments Deal With Debt? (video): Nations that spend themselves into debt face very difficult choices. Prof. Steve Davies describes the three main choices that governments have to fix their debt problems.
youtube.com/watch?v=qLHsV2XsyLU
Debts, Deficits, and Spending Cuts (video): Prof. Jeff Miron of Harvard University explains we should focus on reducing spending, rather than managing the deficit, if we want to reign-in the runaway national debt.
youtube.com/watch?v=jAbLvGAFH2w
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/10-myths-about-government-debt
Students For Liberty has acquired Learn Liberty from the Institute for Humane Studies. Now your two favorite educational and skills development channels are integrated into one simple platform - bringing you the very best of the pro-liberty movement. Read More about this news: http://bit.ly/2Eyr9EA
CHECK OUT MORE OF LEARN LIBERTY:
learnliberty.org
facebook.com/LearnLiberty
twitter.com/LearnLiberty
instagram.com/learnliberty
LEARN LIBERTY:
Learn Liberty is the place to discover the ideas of a free society. We answer the big questions about what makes a society free and how we can improve the world we live in. Have we got all the answers? No - but we’ve got a lot of ideas.
What makes us different is that we collaborate with esteemed professors from a variety of academic disciplines to provide you with in-depth content and exploration through today’s most pressing problems.
CHECK OUT MORE OF STUDENTS FOR LIBERTY:
twitter.com/sfliberty
facebook.com/studentsforliberty
instagram.com/sfliberty
linkedin.com/company/students-for-liberty
youtube.com/user/StudentsForLiberty
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STUDENTS FOR LIBERTY:
Students For Liberty is a rapidly growing network of pro-liberty students from all over the world. Our mission is to educate, develop, and empower the next generation of leaders of liberty. Learn more at studentsforliberty.org
️🔥 Watch Prof. Davies' Latest Video: 7 MYTHS ABOUT THE GREAT DEPRESSION - youtu.be/q4ZMMH6LxXc ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: wordsandnumbers.libsyn.com 🎙️
Modern Monetary Theory (MMT) is an economic school of thought based on John Maynard Keynes's writings which has provided theoretical legitimacy to policymaking based on deficit spending. The theory goes that because modern states control currency and have the power to levy taxes, they can print as much money as they want.
In this video, we enlist Professor Antony Davies to explain why real-world economics aren't so simple - and why, under this theory supported by politicians like Alexandria Ocasio-Cortez (AOC) and Bernie Sanders, we would end up with more hand grenades and fewer avocadoes.
(See more from Professor Davies: youtube.com/watch?v=EPjrFjAxwlw)
Of course, MMTers, led by Professor Stephanie Kelton, a senior economic advisor to the Sanders presidential campaigns, make impassioned arguments, too. So what do you think? Watch our analysis, do some research of your own, and tell us in the comments: Is Modern Monetary Theory valid, or would it lead to financial ruin?
#ModernMonetaryTheory #MMT #budgetcrisis #debtceiling #inflation
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
️🔥 For more content like this watch Prof. Antony Davies' Answers to the Most Googled Economics Questions: youtu.be/NVv_StQXHSI ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: wordsandnumbers.libsyn.com 🎙️
Myth number one, the government owes $20 trillion. How much is $20 trillion? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is for sale. The amount of money you spend will not be $20 trillion. If you go to Germany and then to France and you go to every town, and within every town, you go to every store. In every store, you look on every shelf and you buy everything. You still will not have spent $20 trillion. You can go to England and while you’re there, you can go to the North Countries and buy everything that’s for sale, and you still will not have spent $20 trillion. In fact, to spend $20 trillion, you have to go to every country in Europe, visit every town, in every town, go to every store. In every store, look on every shelf and buy everything. And then you will have spent about $20 trillion.
But the myth is that this is how much money the government owes. It turns out that there’s more, called unfunded obligations. Unfunded obligations is money the Federal Government has promised but which it does not and will not have the money to pay. Largely, this consists of promises of retirement and medical benefits. If you would take the present value of all the future promises of retirement and medical benefits the government has made and subtract from that the amount of money that’s in the government’s Social Security and Medicare trust funds, and then subtract from that the amount of money the Federal Government anticipates collecting under the current law from future Social Security and Medicare taxes, you will still have an amount of money left over that the government does not have.
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How Big is the U.S. Debt? (video): A stunning visual representation of the ever-growing amount of debt and unfunded liabilities being accumulated by the federal government, narrated by Prof. Antony Davies.
youtube.com/watch?v=kc_5D3W3hTo
How Should Governments Deal With Debt? (video): Nations that spend themselves into debt face very difficult choices. Prof. Steve Davies describes the three main choices that governments have to fix their debt problems.
youtube.com/watch?v=qLHsV2XsyLU
Debts, Deficits, and Spending Cuts (video): Prof. Jeff Miron of Harvard University explains we should focus on reducing spending, rather than managing the deficit, if we want to reign-in the runaway national debt.
youtube.com/watch?v=jAbLvGAFH2w
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/10-myths-about-government-debt
Students For Liberty has acquired Learn Liberty from the Institute for Humane Studies. Now your two favorite educational and skills development channels are integrated into one simple platform - bringing you the very best of the pro-liberty movement. Read More about this news: http://bit.ly/2Eyr9EA
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Learn Liberty is the place to discover the ideas of a free society. We answer the big questions about what makes a society free and how we can improve the world we live in. Have we got all the answers? No - but we’ve got a lot of ideas.
What makes us different is that we collaborate with esteemed professors from a variety of academic disciplines to provide you with in-depth content and exploration through today’s most pressing problems.
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STUDENTS FOR LIBERTY:
Students For Liberty is a rapidly growing network of pro-liberty students from all over the world. Our mission is to educate, develop, and empower the next generation of leaders of liberty. Learn more at studentsforliberty.org
Dr. Nigel Ashford explains the 10 core principles of the classical liberal & libertarian view of society and the proper role of government:
1) Liberty as the primary political value
2) Individualism
3) Skepticism about power
4) Rule of Law
5) Civil Society
6) Spontaneous Order
7) Free Markets
8) Toleration
9) Peace
10) Limited Government
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Student opportunities: http://lrnlbty.co/A7y5Dt
Dr. Ashford is Senior Program Officer at the Institute for Humane Studies (IHS) at George Mason University.
LEARN LIBERTY
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://bit.ly/1UleLbP
We spoke with Michael Cannon, Director of Health Policy Studies at the Cato Institute. He enlightened us on the 'original sin' of healthcare policy, plus several other massively harmful government interventions that have set everyone back (like Medicare, Medicaid, and Obamacare). It's all led to one surefire result: that patients rarely get the treatment they deserve.
Instead of the basic, buyer-seller market dynamic of capitalism that provides customers so many options at grocery stores, government intervention has created something closer to socialism: an ever-growing web of conflicting incentives among doctors, insurers, and politicians.
As Cannon summarized, "Government intervention is creating so many problems in healthcare that the government has to intervene more and more and more, to try to solve the problems that it created."
This video also touches on some smaller, but still damaging, government interventions in healthcare: COBRA in 1986 and the Clintons' failed Health Security Act. And our story editor, Trevor Kraus, makes a cameo appearance to ask: Which group of people got screwed the most when the government tied health insurance to employment?
DEEP DIVE: If you want to go even more in-depth on the topic of healthcare, check out our blog "Five Myths About Healthcare".
learnliberty.org/blog/five-myths-about-healthcare
#Healthcare #GovernmentIntervention #Medicare #Medicaid #Obamacare
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
In this video, Learn Liberty aruges that its wording should have been reversed — and elucidates 8 facts about the 2nd Amendment that you might not have realized.
Join Students For Liberty’s Local Coordinator Program: join.studentsforliberty.org
And for more on guns in America, see these posts on the Learn Liberty Blog:
How Gun Control Might Be Seen in the Future: learnliberty.org/blog/how-gun-control-might-be-seen-in-the-future
Why Do You Need a Gun?: learnliberty.org/blog/why-do-you-need-a-gun
CHAPTERS:
0:00 A Poorly Worded Amendment?
1:32 Fact #1: The roots of the 2nd Amendment can be traced to the English Bill of Rights of 1689.
3:37 Fact #2: The 2nd Amendment ALSO has roots in STATE constitutions.
5:59 Fact #3: The 2nd Amendment went through several drafts.
8:06 Fact #4: The 2nd Amendment has a “prefatory,” or “preface” clause, and an “operative” clause.
10:46 Fact #5: History has not looked kindly upon previous attempts to regulate guns.
12:33 Fact #6: The two major political parties used to be flipped on the interpretation and implementation of the 2nd Amendment.
14:40 Fact #7: There was another attack on the 2nd Amendment in 1994.
16:28 Fact #8: American police are increasingly militarized.
17:46 Last Thoughts
#2ndAmendment #FoundingFathers #gunrights
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org
Behavioral Economics (video series): Join Prof. Antony Davies of Duquesne University and Erika Davies of George Mason University as they take you on a crash course of behavioral economics, discussing topics like rational choice, heuristics, nudging, and public choice economics. youtube.com/watch?v=q1vMdKk8-N0&list=PL-erRSWG3IoCxSRg1aPHJFQ7IMpkhewFJ
What Voters Want (article): This article explains how heuristics affect voter behavior. nytimes.com/2016/01/26/opinion/campaign-stops/what-voters-want.html
Thinking, Fast and Slow (book): Psychologist and behavioral economist Daniel Kahneman explains common cognitive biases we fall victim to and explains how we can learn to see past them amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555/ref=sr_1_1?s=books&ie=UTF8&qid=1505316293&sr=1-1&keywords=heuristic
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/what-are-heuristics
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
The discussion includes alarming statistics from recent polls showing that a majority of New Yorkers believe the state is headed in the wrong direction, with many considering leaving due to the dysfunctional political climate. The video argues for term limits as a means to end the perpetual campaign cycle, allowing politicians to focus on complex and crucial issues rather than mere electoral survival.
Key points covered include the benefits of term limits, such as fostering new voices and perspectives in politics, reducing incumbency advantages, and enhancing the democratic process through structural reforms like ranked choice voting and open primaries. The call to action emphasizes the overwhelming bipartisan support for term limits across the United States and encourages viewers to advocate for these changes to their legislators.
Join us as we explore how term limits could transform politics in New York and beyond, making government more responsive and representative of the people it serves.
World War I established our notion of global governance, passports, altered the money we use (and even gave us facism).
And yet, before researching this video, this student of American public schooling could remember just two things about The Great War: ... espionage and Franz Ferdinand. (And that's largely thanks to the early 2000s rock band.)
So I decided to dig deeper, and here are 12 fascinating legacies of World War I I found that we still live with today.
How immigration creates a more prosperous world:
learnliberty.org/blog/how-immigration-creates-a-more-prosperous-world
Three pro-liberty perspectives on war: learnliberty.org/blog/three-pro-liberty-perspectives-on-war
The Progressive War: Woodrow Wilson and the US entry into WWI: learnliberty.org/blog/the-progressive-war-woodrow-wilson-and-the-us-entry-into-wwi
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
World War I established our notion of global governance, passports, altered the money we use (and even gave us facism).
And yet, before researching this video, this student of American public schooling could remember just two things about The Great War: ... espionage and Franz Ferdinand. (And that's largely thanks to the early 2000s rock band.)
So I decided to dig deeper, and here are 12 fascinating legacies of World War I I found that we still live with today.
How immigration creates a more prosperous world:
learnliberty.org/blog/how-immigration-creates-a-more-prosperous-world
Three pro-liberty perspectives on war: learnliberty.org/blog/three-pro-liberty-perspectives-on-war
The Progressive War: Woodrow Wilson and the US entry into WWI: learnliberty.org/blog/the-progressive-war-woodrow-wilson-and-the-us-entry-into-wwi
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
World War I established our notion of global governance, passports, altered the money we use (and even gave us facism).
And yet, before researching this video, this student of American public schooling could remember just two things about The Great War: ... espionage and Franz Ferdinand. (And that's largely thanks to the early 2000s rock band.)
So I decided to dig deeper, and here are 12 fascinating legacies of World War I I found that we still live with today.
How immigration creates a more prosperous world:
learnliberty.org/blog/how-immigration-creates-a-more-prosperous-world
Three pro-liberty perspectives on war: learnliberty.org/blog/three-pro-liberty-perspectives-on-war
The Progressive War: Woodrow Wilson and the US entry into WWI: learnliberty.org/blog/the-progressive-war-woodrow-wilson-and-the-us-entry-into-wwi
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
John gave thoughtful takes, hot takes, and funny takes. See the Chapters below for the questions we asked him.
#JohnStossel #LearnLibertyFeatures #EdwardSnowden #journalism
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org
️🔥 Watch Prof. Davies' Latest Video: 7 MYTHS ABOUT THE GREAT DEPRESSION - youtu.be/q4ZMMH6LxXc ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: wordsandnumbers.libsyn.com 🎙️
But with growing media attention also comes bad or misleading information.
To set the record straight, we brought in the heavy muscle: Learn Liberty's old friend Antony Davies, Associate Professor of Economics at Duquesne University, and co-host of the podcast Words and Numbers.
We teed him up with 10 myths - before factoring for inflation ;) - and then just … let him go. His answers, full of hard data and clear logic, didn't disappoint.
Some of the myths he debunked:
-"The price of this thing I buy went up. That's inflation."
-"Inflation is caused by corporate greed."
-"The President is responsible for inflation."
-"Everything at the supermarket is getting smaller. That's not factored in."
-"The Fed had to do SOMETHING to combat Covid."
-"The government can fight inflation by raising taxes."
For more content with Professor Davies, see our videos on Modern Monetary Theory (youtube.com/watch?v=ICMN07PGtSk) and government debt (youtube.com/watch?v=EPjrFjAxwlw).
#inflation #myths #Fed #moneyprinting #goldstandard
TimeCodes
0:00 - Intro
0:35 - Myth 1
1:24 - Myth 2
2:25 - Myth 3
3:49 - Myth 3.5
5:11 - Myth 3.5.5
6:12 - Myth 4
6:51 - Myth 5
10:31 - Myth 6
12:00 - Myth 7
14:01 - Myth 7.5
15:22 - Myth 8
16:44 - Myth 9
17:33 - Myth 10
21:19 - Myth 0
22:19 - Myth 11
23:12 - Myth 12
25:43 - Bonus Myth
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.