This is my attempt to explain the nature of money, Capitalism (free exchange), and their only alternatives.
The quote at the end is from a speech in Atlas Shrugged, by Ayn Rand (recommended). I strongly recommend reading the full speech here:
http://www.capmag.com/article.asp?ID=1826
I also recommend these links:
http://bastiat.org/ (particularly The Law)
http://www.capitalism.org/faq
Duration : 0:2:16
In his book Free to Choose, Milton Friedman described four ways to spend money.
1. You spend your own money on yourself.
2. You spend your own money on someone else.
3. You spend someone else’s money on yourself.
4. You spend someone else’s money on someone else.
The graphic shown in the video that displays the four ways to spend money can be viewed at http://freedomchannel.blogspot.com/2008/09/4-ways-to-spend-money-by-milton.html
Duration : 0:2:40
“Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)”
Pulitzer Prize-winning journalist David Cay Johnston joins us to talk about his new book, “Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill).” Johnston reveals how government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected. [includes rush transcript]
Duration : 0:7:36
“Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)”
Pulitzer Prize-winning journalist David Cay Johnston joins us to talk about his new book, “Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill).” Johnston reveals how government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected. [includes rush transcript]
Duration : 0:6:55
“Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)”
Pulitzer Prize-winning journalist David Cay Johnston joins us to talk about his new book, “Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill).” Johnston reveals how government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected. [includes rush transcript]
Duration : 0:6:55