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Can Cops Search Your Cell Phone? | Learn Liberty
 
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You’re at a party. The police show up. The next thing you know, a cop is asking to see your cell phone. What do you do? Subscribe for more: http://bit.ly/1HVAtKP. If you don’t know your rights, you could be putting yourself - and your future - at risk. In this must-see video, Professor Josh Blackman details the ways in which recent court rulings have been defining and limiting the boundaries of cell phone content searches. Your life is in your phone. Know how to save it. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: Summary and links to the Riley v. California decision: http://www.scotusblog.com/case-files/cases/riley-v-california/ More background and analysis of the case: http://www.law.cornell.edu/supct/cert/13-132 http://www.vox.com/2014/6/25/5841936/supreme-court-cell-phone-privacy-wurie-riley-roberts-decision-nsa Commentary on what it could mean for the future: http://www.newyorker.com/news/amy-davidson/four-ways-the-riley-ruling-matters-for-the-n-s-a 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
Views: 1685914 Learn Liberty
War On Drugs: What You NEED To Know About Mandatory Prison Sentences - Learn Liberty
 
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Here are 3 things you need to know about mandatory minimum sentencing. Learn more: http://bit.ly/1HVAtKP Our three most recent presidents have admitted to committing drug offenses in their youth, though they didn't pay for their indiscretions with jail time. But most people caught up in our criminal justice system aren't so lucky. Perhaps the worst aspect of the flawed system is mandatory minimum sentences. Consider Weldon Angelos, one victim — a former record producer who won't get out of jail until he's eighty and has served a sentence of more than twice what the hijacker of a plane would face. His crime? Selling marijuana twice. Alex Kreit, criminal law professor at Thomas Jefferson School of Law, explains three reasons why mandatory minimums are really, really, really bad. For one thing, the sentences can be longer than those for more serious crimes. Second, they get the wrong people, despite the intentions of lawmakers. Third, if the goal is to reduce drug use, they fail on their own terms. Among their targets in practice are people who have been convicted of such minor offenses as possession for personal use. Drugs are as plentiful as ever. If this bums you out, we have some reasons for you to be optimistic in our next video: http://bit.ly/TmL0fY SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz WATCH MORE: You Won't Believe Why These 3 People Were Sentenced to Life http://bit.ly/1sIjIRN 4 Reasons to be Optimistic About Mandatory Minimums http://bit.ly/TmL0fY LEARN MORE: How Mandatory Minimums Forced Me to Send More Than 1,000 Nonviolent Drug Offenders to Federal Prison (article): Judge Mark W. Bennett says the practice is unjust. http://bit.ly/TmKSgH The Out Of Control War On Drugs: How Sentencing Rules Force Defendants To Plead Guilty (article): Jacob Sullum describes how prosecutorial discretion aggravates the damage done by mandatory minimums. http://onforb.es/TmKMpg Encouraging Baby Steps on Mandatory Minimums (podcast): Tim Lynch tells in an interview how reform might unfold. http://bit.ly/Tn8th5 Mandatory minimum sentences impede justice (article): Judge Andre Davis tells the story of Tony Gregg, occasional drug dealer. http://bit.ly/TmJdrs 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
Views: 1481193 Learn Liberty
The Broken Window Fallacy
 
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Does destruction create jobs? After natural disasters, terrorist attacks, and wars, some people argue that these disasters are good for the economy, because they create jobs and prosperity. Learn more: http://bit.ly/1HVAtKP As Prof. Art Carden of Rhodes College explains, this is an example of the "broken window fallacy," a term coined by Frederic Bastiat. When a shopkeeper's window is broken, he will spend money on a new window, which gives income and jobs for glaziers. This activity is "seen," but the "unseen" is just as important: the money spend on a new window could have been spent on other things. Wealth has not increase, but only reallocated from some people to others, and society is worse off by one window. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 349158 Learn Liberty
What Are Heuristics?
 
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We all use heuristics to make everyday decisions — but sometimes they blind us to the truth. So we need to do something that doesn’t come easy: accept that our ideas might be wrong. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: 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. https://www.youtube.com/watch?v=q1vMdKk8-N0&list=PL-erRSWG3IoCxSRg1aPHJFQ7IMpkhewFJ What Voters Want (article): This article explains how heuristics affect voter behavior. https://www.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 https://www.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/.
Views: 73835 Learn Liberty
"Why Are So Many Violent Criminals Walking Free?" | Learn Liberty
 
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Who are the real victims of the War on Drugs? #VictimsFirst Take action: http://bit.ly/1bn1mgE Fewer than half of all violent crimes were resolved in 2011, but over 7 million people are serving time in U.S. prisons. The majority of prisoners were arrested on drug charges, and 81 percent of those are in prison for simple possession. While the United States spends billions of dollars and millions of man hours fighting a war on drugs, 59 percent of rapists and 36.2 percent of murderers are never brought to justice. What do we get for that time and money? It has never been easier to buy drugs. The war on drugs isn't working, and victims and survivors of violent crimes deserve more thorough investigations. Whatever your stance on drug policy, Prof. Alex Kreit says, shouldn't we allocate resources to provide for investigations for all violent crimes? Shouldn't victims come first? Who are the real victims of the war on drugs? What do you think should be done about it? SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: -Learn more about the War on Drugs: http://bit.ly/11GnCeG -See our sources: http://bit.ly/18GXDqz 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
Views: 919379 Learn Liberty
Why Is the U.S. Prison Population So Large?
 
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Find LearnLiberty on Facebook: http://on.fb.me/VLLCWp Fully 24 percent of inmates in U.S. prisons are nonviolent drug offenders. The drug war has been adding to a growing U.S. prison population for the past 40 years. Today, the United States holds more human beings in prisons than any other country, both as a percentage of the population and in counting total numbers. Prof. Daniel D'Amico shows how the war on drugs has led to significant increases in the U.S. prison population and argues that perhaps this is an ineffective way to address drug use in America. The United States is spending billions of dollars and locking of hundreds of thousands of people. Might there be a better alternative? Learn More! A statistical breakdown of American prisoners convicted of non-violent crimes: http://bit.ly/13eq1NN Interactive chart shows that ramping up the Drug War has not decreased drug addiction in America: http://bit.ly/U1mD3H Huffington Post piece on "the racism and hypocrisy in our nation's war on drugs": http://huff.to/REgeNe A scholarly examination of America's rising prison population: http://bit.ly/U1mJs5
Views: 108640 Learn Liberty
What is the Gold Standard? - Learn Liberty
 
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Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. Learn more: http://bit.ly/1HVAtKP. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard? SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 279371 Learn Liberty
Education Vs. Schooling: Is it The Same? - Learn Liberty
 
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Did high school ever feel somewhat like a prison? Did it ever feel like being in a machine that had its own purposes and goals separate from yours? Learn More: http://bit.ly/1HVAtKP. This feeling is not uncommon, and an examination of the development of the school explains why. Rather than being a tool to educate, the school as we know it today started as a way to produce obedient and loyal subjects, soldiers, and workers. It was never intended to develop the mind in any meaningful way. Education and schooling are often conflated, but there are many important distinctions between the two. Prof. Steven Davies argues that schools are not suited for educating and it is high time we move away from the idea of the school as the only option for delivering education. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 199332 Learn Liberty
Why Not Print More Money?
 
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If the government can print money, why doesn't it just print money and hand it out? Learn more: http://bit.ly/1HVAtKP Economics Prof. Antony Davies explains that understanding why money was invented can explain why it is not useful for the government to print money to give away. Increasing the amount of money available for goods and services will only increase prices: this is inflation. If everyone has twice as much money but everything costs twice as much as before, are people better off? Having government print money will not increase wealth. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 248774 Learn Liberty
What is Classical Liberalism? - Learn Liberty
 
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What is classical liberalism? Its a set of ideas that places the freedom of the individual as its central feature. Classical liberalists disagree about many things, but they agree on ten 10 core principles. Learn more: http://bit.ly/1hb8EZG 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 SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: 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
Views: 202423 Learn Liberty
Working More to Earn Less | Why the Poor Stay Poor | Learn Liberty
 
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What if I told you that the government is keeping people poor in our welfare system by paying less when they work more? Learn more: http://bit.ly/1HVAtKP Prof. Sean Mulholland argues that this is happening every day. Well-intentioned welfare programs drastically decrease benefits at certain income thresholds—which in effect can make a breadwinner and his/her family worse off when they start earning more. Sound absurd? That's because it is. Sound too sad to be true? Let me tell you a story. I once had a student who interned at Florida’s welfare program for low-income families. One day, a distraught mother and her teenage son came into the office. Their benefits had been cut. And they were unable to pay their bills. And she didn’t know why. My student searched and searched to figure out why this was the case. And he made an unsettling discovery. It turns out that the teenage son had worked additional hours at his part-time job. He had been doing good work. And his boss extended the number of hours. And this allowed the teenage son to bring home more income to the family. But that little bit of extra money reduced the public assistance that the family was eligible for. In fact, the cut was so deep that those extra hours worked actually lowered the total income the family had to live on. This is a horrible situation, one faced by millions of families. Instead of experiencing a gradual decline in benefits as their earnings increase, the government abruptly strips the benefits away. It punishes them for working. Now imagine if you and your family were struggling financially. And you had the opportunity to work additional hours or take a job. But in doing so you would actually make your family worse off. How would you respond to these perverse incentives? You’d likely scale back on the number of hours worked or not take the job. While individual programs attempt to reduce benefits gradually, they often do so at the same time. And this can result in a large, abrupt reduction in benefits. At times, individual programs also have abrupt, sudden declines in benefits. Take, for example, the federal food stamp program, SNAP. For a parent with two children, the benefits are gradually reduced as earnings approach $30,000. But once the parent earns over $30,000, the benefits suddenly drop. This is crazy, whatever you think about public assistance for the poor. We can all agree that this is the wrong way to do it. People should be rewarded, not punished, when they work. The welfare system is so poorly designed that it is trapping many people that it was created to help. My name is Sean Mulholland, professor of economics. And I believe there are ways to fix the system. If you’d like to learn more about these issues and explore potential alternatives, please join me for a free online program at Learn Liberty Academy. Please click here to register. I hope to see you there. The Economist magazine examines how the poor end up paying high taxes: http://www.economist.com/news/united-states/21585010-americas-welfare-state-not-working-nearly-well-it-should-taxing-hard-up-americans SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: To get transcripts, video downloads, and more: http://www.learnliberty.org/videos/working-more-to-earn-less-why-the-poor-stay-poor-learn-liberty Thomas Sowell debates the merits of welfare: http://youtu.be/2GklCBvS-eI The Economist magazine examines how the poor end up paying high taxes: http://www.economist.com/news/united-states/21585010-americas-welfare-state-not-working-nearly-well-it-should-taxing-hard-up-americans 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
Views: 104708 Learn Liberty
How Big Is the U.S. Debt?
 
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Do you know how much debt the U.S. is really in? Learn more: http://bit.ly/1HVAtKP Economics professor Antony Davies illustrates the size the U.S. federal government's debt and unfunded obligations. He breaks down the total U.S. debt and obligations into parts and compares them with the size of the GDP of countries around the world, showing the magnitude of America's fiscal situation. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: -Want to give that graph a closer look? Prof. Davies has made it available on his website here:http://www.antolin-davies.com/conventionalwisdom/governmentdebt.pdf -For more details on the total Federal debt, start on slide 35 of this PowerPoint presentation: http://www.antolin-davies.com/presentations/ihs11a.ppt 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
Views: 658000 Learn Liberty
What Can We Cut to Balance the Budget
 
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If the U.S. government cut all government services except Social Security, Medicare, Medicaid, and payments on the debt, federal spending would still outpace revenues. Prof. Antony Davies argues that there are not specific cuts that will enable government to balance the budget. He says, "Nothing less than a redesign will solve this problem." That redesign should begin by determining what the proper role of government is. Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/WziHpR Our Website: http://bit.ly/RBl3FH
Views: 117437 Learn Liberty
Positive Rights vs. Negative Rights - Learn Liberty
 
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Libertarianism Explained: Positive Rights vs. Negative Rights presented by Learn Liberty. Learn More: https://www.learnliberty.org/ Prof. Aeon Skoble describes the key differences between positive and negative rights. Fundamentally, positive rights require others to provide you with either a good or service. A negative right, on the other hand, only requires others to abstain from interfering with your actions. If we are free and equal by nature, and if we believe in negative rights, any positive rights would have to be grounded in consensual arrangements. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 100779 Learn Liberty
How Big is the U.S. Debt? - Learn Liberty
 
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“Economics: How Big is the U.S. Debt?” presented by Learn Liberty. How do you feel the government should be spending or saving money? Let us know in the comments below. Learn More: http://www.learnliberty.org/ SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: “How Big is the U.S. Debt?” (video): The original video with Professor Ant Davies, launched 2/11/2011. https://youtu.be/Q-w-8fXzwQE?list=PL-... National Debt (web page): Learn Liberty’s compendium of resources about the national debt. http://www.learnliberty.org/national-... “What is $1 trillion?” (pdf): A visualization of dollar amounts. http://www.antolin-davies.com/convent... “Summary of Latest Federal Income Tax Data” (white paper): http://taxfoundation.org/sites/taxfou... 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
Views: 158016 Learn Liberty
Transaction Costs and Intermediation
 
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How transaction costs can block trade, and intermediation can keep it going — even in a POW camp. Watch more with Dan Russell: https://www.youtube.com/watch?v=_sLET3sqMgU Russell, Daniel. "Transaction Costs and Intermediation." YouTube. Learn Liberty, 29 June 2017. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: I Bet You Thought You Were Supposed to Hate These Guys (video): Professor Steve Davies argues that ticket scalpers and middlemen play an important role in the economy. https://www.youtube.com/watch?v=b3xlLIpJF54 Defending Middlemen (article): Professor Don Boudreaux argues that middlemen are “woefully misunderstood” and provide greater accessibility to products than the producers themselves are able to provide. http://cafehayek.com/2016/09/41401.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29 What Do Banks Do? (video): One common type of intermediation is financial intermediation. Professor Alex Tabarrok explains how banks help connect savers and borrowers. https://www.youtube.com/watch?v=sbvAAezbCKU TRANSCRIPT: For a full transcript please visit: http://www.learnliberty.org/videos/transaction-costs-and-intermediation 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/.
Views: 73048 Learn Liberty
Does Trade Promote Peace?
 
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Economics evidence has long demonstrated that free trade benefits all nations by increasing their standards of living and wealth. Professor Pavel Yakovlev argues that empirical evidence shows that free trade promotes peace. He provides the following reasons for this outcome: - Trade makes countries more commercially interdependent and provides strong incentives to avoid war. This is known as the capitalist peace theory. - Countries that trade a lot with each other have a lot to lose if war breaks out. - Free trade and bargaining is the most cost effective way of resolving disputes and obtaining resources, while war is a costly way of doing the same things. - Free trade brings more goods and ideas into a country and also promotes tolerance and understanding. Professor Yakovlev also discusses a few examples of evidence that supports this argument. Trade not only increases prosperity in countries, but it also has been shown to promote world peace. Watch more videos: http://lrnlbty.co/yaOq1e
Views: 67028 Learn Liberty
Why Is There Corn in Your Coke?
 
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Coke is made with corn syrup, not real sugar. Why is this? According to Professor Diana Thomas, part of the reason is because government policies artificially raise the price of sugar. Although these government policies actually cost Americans approximately $3 billion each year, the laws remain. The law benefits one group of people (farmers) at the expense of another group (consumers). But because the cost to each American is so small, average Americans don't have an incentive to combat the lobbying groups who fight to keep the laws in place. This phenomenon is known as "dispersed costs and concentrated benefits," and it applies in many cases when laws are passed that benefit a small group of citizens. Prof. Thomas says the only way to prevent or end this practice is to limit what government can do. Learn More: A defense of farm subsidies, by the Alabama Cooperative Extension System: http://lrnlbty.co/TdO6iS Introduction to public choice, including the concept of concentrated benefits and dispersed costs: http://lrnlbty.co/SbNc57 An article focusing on the health and environmental impacts of American corn/sugar policies: http://lrnlbty.co/UFHUNA A detailed piece on the allocation of agricultural subsidies to various plants: http://lrnlbty.co/TO0RNt A timeline of the economic controls put on sugar from 1789 to 2011: http://lrnlbty.co/WtaHep Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/WziHpR Our Website: http://bit.ly/RBl3FH
Views: 91729 Learn Liberty
Public Choice: Why Politicians Don't Cut Spending
 
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Why did politicians cut a trivial amount of money in the recent budget agreement? Prof. Ben Powell explains why politicians don't cut spending, as a general rule. Using public choice economics, or the economics of politics, he shows how the political system naturally leads to overspending. Watch more videos: http://lrnlbty.co/y5tTcY
Views: 185828 Learn Liberty
"Is Capitalism "Pro-Business?"
 
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Find LearnLiberty on Facebook: http://on.fb.me/X9qijG In this video, Professor Steve Horwitz advocates for free market economic policy. He refutes the often recited claim that "What is good for General Motors is good for America" by explaining that pro-business legislation encourages behavior that is not beneficial to society or the business itself. He suggests that, in a free market, factors such as profit and competition encourage behavior that ultimately benefits society. Professor Horwitz illustrates that pro-business legislation restricts progress and therefore caters to the interests of industry rather than to consumers, whereas "supporters of free markets are ultimately pro-human and pro-people because it is through markets that we get the most innovation and we get the most goods and the cheapest prices." Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/X9qijG Our Website: http://bit.ly/RBl3FH
Views: 97026 Learn Liberty
The Harm Principle - Learn Liberty
 
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Libertarianism Explained: According to Prof. James Stacey Taylor, John Stuart Mill's harm principle has been one of the most influential political principles on classical liberalism. Learn More: https://www.learnliberty.org/ The harm principle states that the only reason to restrict the action of another individual is to prevent harm to others. If someone is harming themselves, you are only justified in attempting to persuade them. In theory, the harm principle has a lot to offer to those who frame laws. Unfortunately, it has not been thoroughly used in practice. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 39693 Learn Liberty
What You Should Know About Drug Prohibition | Learn Liberty
 
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"What You Should Know About Drug Prohibition" by @LearnLiberty ► Get Learn Liberty updates in your inbox! Take action: http://bit.ly/1bBz3J0 http://LearnLiberty.org/subscribe See our sources here: http://bit.ly/18IUBiB In its history, America has experienced two major periods of drug prohibition. This first was the Federal alcohol prohibition from 1920-1933. The second is the current war on drugs, which began in 1971. According to Prof. Angela Dills, during these periods of prohibition in America, both homicide rates and police enforcement costs increased. This makes sense, as prohibitions never actually eliminate use. Rather, prohibitions convert peaceful and legal markets into black markets. In black markets, when disputes arise over sales territory, product quality, or money, the government legal system is not available. This forces drug dealers to resolve disputes on their own, which often leads to violence. The violence of black markets, along with the enforcement of drug policy, attracts the attention of law enforcement. Law enforcement is costly, and the time spent enforcing drug laws could have been spent preventing other crimes like murder, theft, and rape. Drug prohibition not only generates more violence and increases the cost of law enforcement; it also distracts law enforcement and puts citizens at greater risk of crime. ► Sources Homicide death rate rises between 25-75% because of prohibition: "Violence and the U.S. Prohibitions of Drugs and Alcohol" http://aler.oxfordjournals.org/content/1/1/78.abstract Quality is uncertain using Prohibition and alcoholic psychosis and alcoholism deaths: "Alcohol Consumption During Prohibition" http://www.jstor.org/stable/2006862 ► Learn More http://www.cnn.com/2009/POLITICS/03/24/miron.legalization.drugs/ [article]: Economist Jeffrey Miron explains how drug legalization would great reduce violent acts http://healthland.time.com/2011/06/17/top-10-unhealthy-side-effects-of-the-war-on-drugs/photo/richard-m-nixon/ [slideshow]: Time Magazine runs down the negative side effects of the War on Drugs including 15,000 drug related homicides in 2010 and 35,000 dead from prescription drug overdose in 2007 http://www.jstor.org/stable/2138396 [article]: "The Economic Case Against Drug Prohibition" ► For MORE resources, transcripts, downloadable files, and more click here: http://www.learnliberty.org/videos/what-you-should-know-about-drug-prohibition ► Like us on Facebook! http://facebook.com/LearnLiberty ► Follow us on Twitter! http://twitter.com/LearnLiberty ► Follow us again on Google+! http://bit.ly/14TLOMv
Views: 282067 Learn Liberty
Shaming Someone Doesn't Change Their Mind - Learn Liberty
 
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So you want to fight prejudice and change people’s minds? Step 1: Don’t insult them. Step 2: Have a real conversation. Learn More: https://www.youtube.com/watch?v=JTAp4ft6F6o SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: Freedom of Speech: Is Offensive Speech Good For Society? - Learn Liberty (video): Professor Tom W. Bell argues that free speech allows us to argue against bad ideas. https://www.youtube.com/watch?v=JTAp4ft6F6o How to Talk About Politics Without Sounding Like a Jerk (blog post): Professor Matt Zwolinski explains why political discussions are so difficult and often turn hostile. http://www.learnliberty.org/blog/how-to-talk-about-politics-without-sounding-like-a-jerk/ This Professor Will Challenge Your Perspective on Free Speech - Learn Liberty (video): Professor Deirdre McCloskey argues that free speech is crucial because it allows us to persuade people. https://www.youtube.com/watch?v=mkyk7ncuxC4 TRANSCRIPT: Alana Conner, a cultural scientist at Stanford, tells Vox that, "Telling people they're racist, sexist, and xenophobic is going to get you exactly nowhere." Social psychology tells us persuasion happens one of two ways: centrally and peripherally. The central route to persuasion uses reasoned arguments, getting someone to think deeply about an issue. If they're paying attention and they have something at stake, you just might persuade them. The peripheral route is less ideal. It skips reason and relies on superficial cues to do its job. For example, it might make appeals to popularity or authority. But shaming someone, telling them they're racist, sexist, or bigoted, falls into neither of these categories. It's not providing them with a reasoned argument and it doesn't appeal to them on an emotional level. In fact, shaming someone is more likely to get them to shut you out and form a negative impression of both you and your views, leaving you worse off than you were before. At best, shaming leaves bad ideas in the shadows where they can't be challenged and where proponents of those bad ideas can't be persuaded. Good ideas become tenuous. If you hold an idea only out of shame, then you likely never went through the process of understanding why it's a good idea, leaving you less able to defend it. Fortunately, there are persuasive ways to reduce prejudiced attitudes. Simply interacting with others, getting people to reflect on why they hold certain views, and asking them to take on new perspectives all appear to be effective ways of undoing prejudices. But when shame is the method, none of that can happen. This shouldn't be surprising. Calling someone a bigot is little more than an insult. It may feel gratifying and it may even be true, but if we want outcomes we should bear in mind that persuasion just doesn't happen that way. Shaming may be successful at shutting people up. Changing their minds, that's a different task entirely. 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/.
Views: 97377 Learn Liberty
What It Means to Be A Libertarian | Learn Liberty
 
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What does it mean to be a libertarian? Dr. Jeffrey Miron at Harvard offers one answer. According to Miron, libertarians have enormous respect for individual decisions. While other ideologies attempt to use government force to advance their ideas of how people should act or behave, libertarians think that individuals should be able to live their own lives as they see fit. Advance liberty: http://lrnlbty.co/zkD90J
Views: 206230 Learn Liberty
Forgotten Rebellion: Black Seminoles and the Largest Slave Revolt in U.S. History
 
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The story of John Horse and the Black Seminoles has been largely untold, but they deserve to be remembered for a number of reasons: - They created the largest haven in the U.S. South for runaway slaves. - They led the largest slave revolt in U.S. history. - They secured the only emancipation of rebellious slaves prior to the U.S. Civil War. - The formed the largest mass exodus of slaves across the United States and, ultimately, to Mexico. Learn more about this remarkable story that has been overlooked by Hollywood, popular culture, and even historians. This group of freedom fighters—who ultimately found peace, liberty, and prosperity—is worth remembering. Watch more videos: http://lrnlbty.co/GHkG7f
Views: 109254 Learn Liberty
Bootleggers and Baptists | Learn Liberty
 
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"Bootleggers and Baptists" by @LearnLiberty ► Get Learn Liberty updates in your inbox! http://LearnLiberty.org/subscribe We all know bootleggers and Baptists rarely see eye to eye. Ask one group and its members will probably tell you they despise the other group. Yet, when it comes to government regulation, both bootleggers and Baptists work together. Prof. Bruce Yandle explains that this happens because both groups actually desire the same outcome. The Baptists benefit, for example, from laws that make the sale of alcoholic beverages illegal on Sundays. Bootleggers benefit because now they can sell alcohol on Sundays. Groups who would never meet together but both desire the same outcome can often be found upon closer examination of many government regulations. Prof. Yandle demonstrates how environmental regulations fit into the bootlegger-Baptist theory. What are some other "bootleggers" and "Baptists" who benefit from government regulations? Let us know in the comments. ► Like us on Facebook! http://facebook.com/LearnLiberty ► Follow us on Twitter! http://twitter.com/LearnLiberty ► Follow us again on Google+! http://bit.ly/13BCpFe ► Watch more videos: http://LearnLiberty.org
Views: 48192 Learn Liberty
Social Security vs. Private Retirement
 
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Is Social Security a good retirement plan? Economics professor Antony Davies shows that Americans stand to earn significantly less and assume more risk with Social Security than other investment options. According to Davies, taxpayers would be better off both in terms of financial security and return on investment by investing their money privately. Social security is extremely expensive, soon to be insolvent, and doesn't even offer taxpayers the most bang for their buck. For those reasons, Prof. Davies argues that it is time for the government to phase out Social Security. Davies' solution: the government should honor its obligations to current retirees while giving Americans the freedom to invest their money as they see fit. Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/X9qijG Our Website: http://bit.ly/RBl3FH
Views: 127315 Learn Liberty
Should Majorities Decide Everything?
 
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Under a democratic system of government, how is an individual protected from the tyranny of the majority? According to Professor Munger, democratic constitutions consist of two parts: one defining the limits within which decisions can be made democratically, and the other establishing the process by which decisions will be made. In the United States Constitution, the individual is protected from majority decisions. Professor Munger warns, however, that these protections are slowly being stripped away as American courts of law fail to recognize the limits of what can be decided by majority rule. Professor Munger uses the case of Kelo v. New London to illustrate the dangers of confusing majority rule with a democratic system. Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/WziHpR Our Website: http://bit.ly/RBl3FH
Views: 96057 Learn Liberty
Are Low Interest Rates Good?
 
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Are low interest rates good for the economy? Many argue we need low rates to increase spending, since these rates make borrowing money cheap. Prof. Davies explains, however, that lower rates don't mean more spending; they mean more spending now rather than in the future. The choice for every individual is to spend more now (borrow), or spend more in the future (save). So what interest rate is best overall? Prof. Davies says the best rate is the market rate—the rate we get when the Federal Reserve doesn't meddle in financial markets. Individuals know better than the government how and when to spend their money, and should be left alone to make their own decisions. Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/WziHpR Our Website: http://bit.ly/RBl3FH
Views: 76828 Learn Liberty
Do Women Earn Less than Men? - Learn Liberty
 
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Are women discriminated against in the workplace? Looking at the data, women on average earn an annual wage that is approximately 75% that of men, which many people believe is the result of discrimination. Learn more: http://bit.ly/1HVAtKP However, when Prof. Steve Horwitz analyzes the data more closely, he finds that women make certain choices, such as career selection and raising children, which tend to result in lower wages than men. These choices could be the result of personal preferences or sexist cultural expectations for women's work, though the relative influence of these two factors remains unclear. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: -Cities Where Women Outearn Male Counterparts: http://blogs.wsj.com/economics/2010/09/01/cities-where-women-outearn-male-counterparts/ -An Analysis of Reasons for the Disparity in Wages Between Men and Women:http://www.consad.com/content/reports/Gender%20Wage%20Gap%20Final%20Report.pdf -Diana Furchtgott-Roth's testimony before the Joint Economic Committee in 2010: http://jec.senate.gov/public/index.cfm?a=Files.Serve&File_id=2a1f8ad4-f649-4ad3-a742-268d946962db 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
Views: 1273041 Learn Liberty
Should We End the Fed?
 
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What would it mean to "end the Fed"? Professor Larry White says that in order to know the effects of such a measure, we must first understand the role of "the Fed". The Federal Reserve is the central bank of the United States and the institution at the center of the nation's monetary and banking systems. It has five main functions, including controlling monetary policy. Could the United States even survive without the Federal Reserve? In order to answer this question, Professor White examines countries throughout history that did not have an established central bank, including Scotland, Sweden, Switzerland, and Canada. Hong Kong, he points out, still does not have one. So who performs the functions of a central bank in these countries? Professor White cites private institutions, including clearing house systems, banks, and financial companies, as the main actors in the monetary systems of countries without a central bank. Ultimately, Professor White concludes that the Federal Reserve is not necessary. Evidence shows that nations can survive without a central bank. What the Federal Reserve does well can be done even better by private institutions, and the institution is capable of serious errors. Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/WziHpR Our Website: http://bit.ly/RBl3FH
Views: 132181 Learn Liberty
What Is Free Banking, and Why Should I Care? | Learn Liberty
 
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"What Is Free Banking, and Why Should I Care?" by @LearnLiberty ► Get Learn Liberty updates in your inbox! http://LearnLiberty.org/subscribe What would happen if we didn't have a central bank? Prof. Lawrence H. White explains that private banks would be able to circulate money by issuing notes and checks redeemable for coin. Trustworthy banks would make arrangements to accept each other's notes and checks. Banks would have better incentives than the federal government to ensure their currency retained its value, because if it didn't, people would bank elsewhere. By contrast, central banks controlled by the government are able to devalue currency as they see fit and can even quit redeeming notes for coins of real value if they want to do so. It sounds like social-science fiction, but there are numerous real-world examples in history of successful free-banking systems. In fact, central banks arose largely because governments wanted an institution willing and able to lend them money with easy terms, not because of any problem with the free-banking system. Free markets offer the most efficient system for allocating goods and services, and money is no exception. As failures among central banking systems mount, it is time to reconsider the alternative of free banking. ►Learn More http://www.fee.org/the_freeman/detail/toward-free-banking#axzz2k5So8Hgg [article]: An argument as to why we should move to a free bankingsystem. http://economics.about.com/cs/moffattentries/a/scot_banking.htm [article]: Michael Crook explains a concise history of Scottish free banking followed by an analysis of its framework http://www.federalreserve.gov/boarddocs/speeches/1998/19980502.htm [article]: The Former Federal Reserve Chairman offers a brief history of the banking history of the United States http://www.fee.org/the_freeman/detail/market-money-and-free-banking#axzz2k5So8Hgg [article]: Bettina Bien Greaves offers a guide to a better understanding of free banking and how it would function http://www.econtalk.org/archives/2008/11/selgin_on_free.html [podcast]: Professor George Selgin of West Virginia University talks with Russ Roberts about the idea and history of free banking ► Like us on Facebook! http://facebook.com/LearnLiberty ► Follow us on Twitter! http://twitter.com/LearnLiberty ► Follow us again on Google+! http://bit.ly/1e8buYy ► Watch more videos: http://LearnLiberty.org
Views: 52904 Learn Liberty
Adam Smith: The Invisible Hand
 
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Why are some countries wealthy while other nations are poor? Prof. James Otteson, using the ideas of Adam Smith, explains how the division of labor is a necessary and crucial element of wealthy nations. Additionally, Otteson explains Smith's idea of the invisible hand, which explains how human beings acting to satisfy their own self interest often unintentionally benefit others. Watch more videos: http://lrnlbty.co/y5tTcY
Views: 103113 Learn Liberty
Negative Externalities and the Coase Theorem - Learn Liberty
 
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What are negative and positive externalities? How does it relate to the Coase Theorem? Learn more: http://bit.ly/1HVAtKP In economic activity, there are sometimes 'externalities' or spillover effects to other people not involved in the original exchange. Positive externalities result in beneficial outcomes for others, but negative externalities impose costs on others. Prof. Sean Mullholland addresses a classic example of a negative externality, pollution, and describes three possible solutions for the problem: taxation, government regulation, and property rights. The first two options are difficult to monitor and may create perverse incentives. A better solution to overcome the externality is property rights, as described by Ronald Coase. As long as property rights are well-defined, divisible, and defendable, parties can negotiate to reduce the impact of the pollution. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: Watch more videos like this: http://lrnlbty.co/y5tTcY 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
Views: 244772 Learn Liberty
Funding Government by the Minute
 
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At the rate the federal government spends, it runs out of money on July 31. What programs should be cut to balance the budget and fund the government for the remaining five months of the year? Cutting NASA might buy two days; cutting the Navy could buy fifteen. It seems that balancing the budget may require more than just cutting government programs. What should be done? Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/RBl4cU Our Website: http://bit.ly/RBl3FH
Views: 126020 Learn Liberty
Unintended Consequences
 
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If policy makers have great intentions when making public policy, is that enough for the policy to be passed? Learn more: http://bit.ly/1HVAtKP Prof. Don Boudreaux explains what economists mean when they talk about unintended consequences. Essentially, unintended consequences are the large outcomes that emerge from the actions made by many individuals. These outcomes can be good or bad. Therefore, when analyzing various polices, we must be extremely careful to distinguish between intentions and results. Economists talk a lot about unintended consequences and it's important to understand what we mean. We don't mean that individuals don't intend to achieve things when they go out in the world and act. Of course they intend things, good things, bad things. What we do mean is that these actions of many individuals typically come together to create a larger outcome. And it's that larger outcome that no one intends. Sometimes these are good, beneficial. Sometimes these larger outcomes are undesirable. One of my favorite examples of a bad unintended consequence is the consequences caused by rent control. Rent control is a policy of government to keep the rental rates of apartments artificially low. Landlords are prohibited by law from charging prices higher than the rent control prices. Well, one unintended consequence of that piece of legislation, of that policy. Is to make rental units more scarce than they would otherwise be. By telling landlords, look you can't raise your price to certain levels, that means that some people who would otherwise become landlords don't become landlords. They choose not to rent out their units. They choose not to rent out some rooms in their house. They choose not to build. Rental units that they might otherwise have built. And so one unintended consequence of rent control is to reduce the supply of rental units. Now, the people who impose rent control, that's clearly not their goal. They don't wanna make rental units less available. They wanna make rental units more available because they wanna, presumably, they wanna increase the availability of rental units to people who rent. But one unintended consequence is the opposite. Rental units shrink in supply. When I teach Econ 101, I tell my students on the first day, intentions are not results. The intentions behind the policy will not necessarily determine what the results of that policy are. One example of the unintended consequence that is exactly the opposite of the intention comes from the Endangered Species Act. The intention of that act is to enable endangered species to flourish. Ones' consequence in many cases is to cause the endangered species to be killed off more quickly than otherwise. If you're a land owner and you find an endangered species on your property, you know that the Environmental Protection Agency will, as a result of that finding, impose restrictions on your land. One consequence of those restrictions is it reduces the value of your land, what you can do with it, the price you can sell it for. So what a lot of land owners do when they find what they think to be endangered species on their property, is they kill the species and they shut up about it. It’s called shoot, shovel, and shut up. Kill the species, shovel to bury it, and say nothing about it. Now clearly that’s not the goal of the Endangered Species Act. The take-home lesson from this is that you judge a policy not by its stated goals. It's easy to state good goals. You judge a policy by the incentives that that policy will likely give to the people that it affects. And it's a very important one for policy makers, is to be really modest and humble. We live in this incredibly complex world. When we take any action we know that the consequences of those actions are going to extend out very far. We can see those consequences only a little bit in front of us. We can't trace them out fully. And it applies whether or not you believe in big government, tiny government, medium-sized government. Yes, it's difficult. In many cases, to trace out how the incentives will have real-world effects. But that difficulty does not excuse us from the task of pursuing it. We can't just simply say, oh, the intentions of the policymakers are good, therefore we can be assured that the results will be good. That's cheating. We just can't do that. That's very bad public policy. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: Watch more videos: http://lrnlbty.co/y5tTcY 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
Views: 107669 Learn Liberty
The Story of Broke Response
 
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Do you think the government is really broke? Are they spending money on things they shouldn't? Learn More: Learn more: http://bit.ly/1HVAtKP Prof. Art Carden responds to "The Story of Broke" (http://bit.ly/LLStoryOfBroke), a recent video by the creators of "The Story of Stuff." In "The Story of Broke," Annie Leonard claims that the government isn't actually broke. Rather, the government just wastes resources on the wrong things like subsidies to the dinosaur economy and war. She claims that the government should change its ways, and instead, subsidize firms that will bring us the future we really want. Art Carden agrees with Leonard that war and subsidies are wasteful, but is skeptical of notion that there is one unified vision for the future. To Carden, everyone has a different vision for the future. Our path to the future, he argues, is determined by the interactions of billions of unique individuals pursuing their own objectives. Additionally, Carden questions Leonard's distinction between bad subsidies and good subsidies. Every subsidy, deemed good or bad, must be allocated through the political process. Lobbyists and special interests exert a large degree of influence on political decisions, and they use this power to direct subsidies in their own favor at everyone else's expense. Carden concludes that government spending won't buy a brighter future. A brighter future will emerge when people are allowed to spend money on things they care about. Put another way, positive change will come from billions of people cooperating freely and voluntarily with one another, not from pushing trillions of dollars through a broken political process. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: -Free to Choose Network has opened a video contest about the Story of Stuff, challenging animators to create a video that challenges the narrative in story of stuff. For more information, here's the link!! http://www.thestoryofgoodstuff.com/index.php 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
Views: 323198 Learn Liberty
Giving Away Money Costs More Than You Think
 
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When people compete for grants, subsidies, and other government handouts, economists see a phenomenon called rent seeking. The "rent" is the money being offered. When government gives money away, the people who compete for it incur costs—sometimes more money will be spent in total trying to compete for a grant than the amount of money being given away. These costs are rarely considered in policymaking, but perhaps they should be. One major cost of rent seeking, as Prof. Michael Munger points out, may be that the government awards money to organizations with the best lobbyists, not necessarily those providing the best services.
Views: 78002 Learn Liberty
Foreign Policy Explained, Ep. 5: What is the Military Industrial Complex? - Learn Liberty
 
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When government and private military contractors get too close, “People are shipped off to fight and die without making our nation any safer”. Learn more: http://hayekandchill.com/foreign-policy/ Unfortunately as a result of the Military Industrial Complex in the U.S. not all acts of war actually end up making our nation any safer. When govt and private military contractors get too close, the citizens of America (and the rest of the world) suffer. Professor Chris Coyne of George Mason University explains. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: Foreign Policy (playlist): Check out our full playlist of videos with professors Chris Coyne and Abby Hall Blanco at hayekandchill.com. How Foreign Policy Changes Domestic Policy (Article): Sheldon Richman on the Boomerang Theory, addressing Chris and Abby’s “Perfecting Tyranny” article. https://reason.com/archives/2014/09/28/how-foreign-policy-changes-domestic-poli War Sucks, What Is It Good For? (Learn Liberty video): Peter Jaworski on war as a fundamentally illiberal act. https://www.youtube.com/watch?v=x1Pgn1zyvSw When Should the US Invade Other Countries? (Learn Liberty video): Debate between Bryan Caplan and Jan Ting on US intervention. https://youtu.be/s8bBue4hzVQ 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
Views: 13756 Learn Liberty
US Economic History 3 — National Banks’ Rise and Fall
 
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Does a national bank make the US economy more stable or more chaotic? Video created with the Bill of Rights Institute to help students ace their exams. This is the third video in a series of nine with Professor Brian Domitrovic, which aim to be a resource for students studying for US History exams and to provide a survey of different (and sometimes opposing) viewpoints on key episodes in U.S. economic history. How do you think we did? SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: Hamilton Tells the Story of a Great Historical Figure, but Misses Some of the History (blog post): Interested in learning more about Alexander Hamilton after seeing Hamilton and this video? Peter McNamara explains how historically accurate the musical Hamilton is. http://www.learnliberty.org/blog/hamilton-tells-the-story-of-a-great-historical-figure-but-misses-some-of-the-history/ Cash is not the enemy; central banks are (blog post): Douglas French makes a case against central banks. http://www.learnliberty.org/blog/cash-is-not-the-enemy-central-banks-are/ Andrew Jackson: The First Imperial President (video): Professor Amy Sturgis argues why Andrew Jackson shouldn’t be considered one of America’s greatest presidents. https://www.youtube.com/watch?v=Yd12Wz6o_KI TRANSCRIPT: For a full transcript please visit: http://www.learnliberty.org/videos/us-economic-hist…ks-rise-and-fall/ ‎ 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/.
Views: 32500 Learn Liberty
Go To Where The Light Is: Escaping North Korea — Yeonmi Park
 
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This is the journey of one North Korean survivor, Yeonmi Park, who escaped North Korea’s borders and then had to break free from its brainwashing. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: In Order to Live: A North Korean Girl's Journey to Freedom (book): Want to hear more of Yeonmi’s story? Check out her book detailing her life in North Korea and escape. https://www.amazon.com/Order-Live-Korean-Journey-Freedom/dp/014310974X/ref=sr_1_1?s=books&ie=UTF8&qid=1495126549&sr=1-1&keywords=yeonmi+park+in+order+to+live Warsaw's Blinking Lights - Learn Liberty (video): One of Learn Liberty’s own professors, Professor Peter Jaworski, grew up under a communist regime. In this video, Professor Jaworski and his family tell the story of their involvement in Radio Free Poland. https://www.youtube.com/watch?v=XCDABdpgEfI Civil Disobedience: One Lone Man and the Tanks of Tiananmen (blog post): Dr. Wade Shol tells the story of the Tiananmen Square Massacre and one man who stood up to the communist regime. http://www.learnliberty.org/blog/civil-disobedience-one-lone-man-and-the-tanks-of-tiananmen/ TRANSCRIPT: Yeonmi Park: Yeah it’s a long journey. A lot of tragedy involved. Basically, my sister left with her friends because we just didn’t have enough frozen potatoes. There’s no way we could just maintain our survival. The only way is to escape. All I knew was China has lights. And I thought,”Okay, if I go back where the light is there will be some food.” I didn’t even know what it means to be free. All I wanted was a bowl of rice. At the age of 13 my mother and I crossed the frozen river but unfortunately the Chinese government they don’t acknowledge us as refugees and they send us back to North Korea even though that we would face death or imprisonment. A lot of Chinese people are taking advantage of our vulnerability and that’s how human trafficking is happening for the North Korean people. Myself and my mother were both victims of that. Years later I found out that if I go to South Korea I can be free, and I crossed the Gobi Desert to Mongolia with my mother. You accept you might die, because there’s no way of going back. It’s just dying from the … executed by the regime. We brought knives, poisons with us. That was the last try to live like human beings with dignity. When we arrived in Mongolia the soldiers caught us. They were like, “You are going back to China and then you will be sent back to North Korea.” That’s why we did not hesitate to tell them, “We’re going to kill ourselves,” because we know what that consequences are. We will be executed or imprisoned forever, and starve to death anyway. So we were pleading them and threatening them, and somehow luckily they didn’t send us back. When I came to America I was really nervous, because we don’t have Internet. In this country you can just type “Americans” and see their photos, but for us were not allowed to travel, we don’t have Internet so we just see the paintings the government draws for us, which is like USA and big nose and blue eyes, like looks like monsters. For me that was the image of Americans. A year ago or something more than that, that was the first time that I was in America and sitting in the room there are thousands of white people. I got on the stage and I looked at them and they looked all the same. And to see the power of the brainwashing, and like even that way, even the songs that you sing, the books you read, and the math problems, the science you learn, everything will be the brainwashing. Law and power existed for protecting the wealthy strong people. That’s how I understood the power. I understood power that way. I never knew power existed to protect the weak and the voiceless. All my life I just thought that was normal. People disappear for no reason. Like my sister’s friend’s mother she just got executed and several months later the government said, “Oh, we just made a mistake.” That was it. Seeing rats eating people. Yeah, I think you can only imagine those kinds of images in the head. There are a lot of people going through that. There’s no surprise. There’s no terms or word like justice. No word for liberty, or even love. It’s different planet I think. There’s no way I can explain North Korea with our human language. Without freedom we cannot fulfill our potentials. We cannot be who we are. So that’s why I think I was ready to die for freedom and I have no regrets, the choices that I made to be free. 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/.
Views: 31292 Learn Liberty
Free Market Economics: Why Do We Exchange Things? - Learn Liberty
 
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Free Market Economics: Why Do We Exchange Things? Presented by Learn Liberty. Learn More: https://www.learnliberty.org/ If we each have a boxed lunch with the same sandwich, chips, a pickle, and a cookie, why would we consider trading items? Perhaps I prefer chips and you prefer cookies. Maybe I'll give you my cookie for your chips. Now both of us are happier with our lunches. This is one example of how exchange can make people better off even without increasing the total amount of wealth. Exchange helps correct mistakes in allocation and it makes everyone involved happier. Professor Michael C. Munger offers a few examples of how exchange can make people happier whether people have the same preferences or different preferences, the same stuff to start with or different stuff. The ability to make people better off by simple exchange may seem like magic, Munger says, but it's just markets. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 192445 Learn Liberty
What Should We Think About Chain Stores?
 
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Are chain stores good or bad? According to Prof. Art Carden, there are reasons to both like and dislike chain stores. The reasons to like chain stores include their ability to lower prices, increase variety, and reduce uncertainty. However, chain stores also do things to dislike such as pursuing special government privileges like subsidies and eminent domain. Essentially, when chain stores respond to the incentives of the market, they create wealth for society. On the other hand, when chains stores respond to the incentives of the political process, they often produce detrimental effects for society. Watch more videos: http://lrnlbty.co/y5tTcY
Views: 128065 Learn Liberty
What If the National Debt Were Your Debt?
 
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The U.S. federal government collected $2.2 trillion and spent $3.8 trillion in 2011. At the same time, it was $14.6 trillion in debt. These numbers are too big to comprehend, so what if we scale it down to an average household's income level? If you spent the way the government does, you might be contemplating bankruptcy. What should be done to ensure the government gets its fiscal house in order before it becomes impossible to pay the bills? Watch more videos: http://lrnlbty.co/GSlE1Z Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/RBl4cU Our Website: http://bit.ly/RBl3FH
Views: 96373 Learn Liberty
What Are the Dangers of Too Much Debt?
 
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Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What can the U.S. government do today to prevent a crisis from happening when interest rates go up? Watch more videos: http://lrnlbty.co/wFoXI3
Views: 119216 Learn Liberty
Why Is Higher Education So Expensive? - Learn Liberty
 
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How can we make going to college more affordable? Learn more: http://bit.ly/1HVAtKP It's no secret that U.S. college tuition costs are rising dramatically, and the high cost of a college education burdens young people and their families. Many suggest that the best way to keep tuition affordable is by increasing government assistance through student loans, grants, and tax credits for education. Professor Daniel Lin shows that doing so will actually lead to higher college costs, because loans/grants/tax credits are directly related to the increasing cost of education. Before we can find any solution, it is important to understand the root cause of the rising prices. Professor Lin finds that increased demand—fueled by improved job prospects for graduates and increased government assistance—is to blame for soaring tuition prices. Knowing the cause should inform our search for a solution. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz 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
Views: 177414 Learn Liberty
"Specialization and Trade: Because We Can't Be Good At Everything" | LearnLiberty
 
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"Specialization and Trade" by @LearnLiberty ► Get Learn Liberty updates in your inbox! http://LearnLiberty.org/subscribe Prof. Carden is able to mow his lawn, build a fence, and install a faucet all at one time. How? He does it by employing others to do this work for him. He uses the money he earns doing what he does best and hires people to do this work for him because that is what they specialize in doing. This is an example of specialization through trade. In this example, Prof. Carden is made better off because he has more time to do what he does best or free time to spend doing things he enjoys. The people he hires are made better off because they are able to earn money doing the work they do best. Everybody wins. This shows some of the logic behind a key principle in economics: Trade creates wealth. How has trade benefited you? Can you identify areas in your life where trade has made you wealthier than you would otherwise be? What are they? ► Like us on Facebook! http://facebook.com/LearnLiberty ► Follow us on Twitter! http://twitter.com/LearnLiberty ► Follow us again on Google+! http://bit.ly/17HBPwP ► Watch more videos: http://LearnLiberty.org
Views: 64917 Learn Liberty
Let’s Stop Overprotecting Kids - Learn Liberty
 
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What happened to kids walking home from school alone? These days, more kids grow up with “helicopter parents”. Joanna Williams at the University of Kent examines the decline of childhood freedom. Learn More: http://www.learnliberty.org/blog/failing-better-what-we-learn-by-confronting-risk-and-uncertainty/ SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: The Overprotected Kid (article): In this article from The Atlantic, Hanna Rosin explains how overprotecting children impacts the way that they learn. http://www.theatlantic.com/magazine/archive/2014/04/hey-parents-leave-those-kids-alone/358631/ Stop Criminalizing Parenting: Free Range Kids' Lenore Skenazy on Fears over Child Safety (video): ReasonTV interviews Lenore Skenazy, founder of the Free Range Kids Movement https://www.youtube.com/watch?v=6HtvMpRwARw Failing better: What we learn by confronting risk and uncertainty (blog post): Adam Thierer argues that we should rethink our understanding of risk and failure. http://www.learnliberty.org/blog/failing-better-what-we-learn-by-confronting-risk-and-uncertainty/ TRANSCRIPT: Joanna Williams: I mean I think there's lots of different things going on here. I think you can see, for example, one very, very interesting study shows the geographical distance that children were allowed to go from their home on their own away from home and you can see how since the 1970s year on year, that distance that children are allowed to go has become smaller and smaller. Essentially now days it's pretty much their back garden. Dave Rubin: Yeah. You're talking about literally. Their ability to get on the bike and ride around the neighborhood, slowly has been scaled back. Joanna Williams: Absolutely, yeah, yeah, which is sad, very, very sad. I let my daughter walk to school on her own with another boy from her class. My fear and this is very, very revealing, my fear was not for one second about anything that would happen to my daughter. She's a very sensible girl. She'd be absolutely fine. My fear was what will other parents think of me. It's that idea that we're all kind of checking or monitoring each other all the time. That's really unhealthy. People will say funny things to me like, "Oh you're so lucky. You can do that because your girl's so sensible." No, she's just a regular kid. She's just the same as your child. The reason why she's sensible is because I've allowed her to take risks. Dave Rubin: It's not a coincidence that you got this sensible kid. Joanna Williams: Yeah. It's because I've let her take these risks that she now is this sensible child. People will come up and say, "I saw her walking to school on her own today." It's almost as if they just want me to know that they know that she's walking on her own. Dave Rubin: It's really like big brother stuff at a very micro level. Joanna Williams: Yeah. Dave Rubin: They start. It's almost a way. It's not just that they're surveying the kids. In a way they're surveying the parents. Joanna Williams: Absolutely. Absolutely. Dave Rubin: You're all kind of watching each other. Joanna Williams: Yeah. Dave Rubin: It really, how do you peel back some of this stuff? Joanna Williams: I think you've got to. You just have to stand up and take that risk and you just have to say, no she's 10. My daughter, you know, she's walking to school, and that's it, end of story. 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/.
Views: 37557 Learn Liberty
Democracy, Tyranny, and Liberty - Learn Liberty
 
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Libertarianism Explained: Democracy, Tyranny, and Liberty presented by Learn Liberty. Learn More: https://www.learnliberty.org/ Do democracies promote freedom? According to Prof. Aeon Skoble, it is definitely possible for democracies to promote freedom, but it is not a guarantee. This is due to a few flaws inherent in democratic systems: 1) Majority belief in something does not necessarily mean that it's true. 2) Majorities are capable of being just as tyrannical as kings 3) Historically, democracies have elected tyrannical leaders. If freedom is the primary value of a society, democracy might still be of use so long as there are boundary conditions on the democratic process that protect the rights of the individual. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: - Peter Singer presenting his “Drowning Child” thought experiment: https://www.youtube.com/watch?v=rBMZiaD-OYo - More from Zwolinski, and libertarian debates on the topic: http://bleedingheartlibertarians.com/2012/02/what-we-can-learn-from-drowning-children/ 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
Views: 25218 Learn Liberty
The Price System, Part 2: Profits & Losses
 
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What is the social function of profits and losses? As Prof. Daniel J. Smith of Troy University describes, they provide an incentive for people to follow the information provided by the price system. By pursing profits and avoiding losses, producers and consumers use scarce resources in effective ways. In anticipation of being rewarded with profit, people and businesses are encouraged to undertake activity that will create valuable outputs. At the same time, the potential for losses encourages them to avoid excessive risks and wasteful activity. Policies that reduce profits, such as taxation, or reduce losses, such as bailouts, disrupt this function of prices and lead to inefficient uses of resources. Watch more videos: http://lrnlbty.co/y5tTcY
Views: 22279 Learn Liberty

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