Mark plays some audio of the great Milton Friedman and explains how it is impossible for the government to spend your money better then you can.
Part 1 of 2
Part 2
http://www.youtube.com/watch?v=qGdk-n-bzI8&feature=channel
Duration : 0:9:7
Nov
13
Nov
10
Complete video at: http://fora.tv/2009/04/15/Peter_Hartcher_Whos_to_Blame_for_the_Financial_Crisis
Journalist Peter Hartcher compares the current actions of central banks to those of Alan Greenspan after the last financial crisis. He warns that “excess money always leads to some nasty pernicious event.”
—–
According to Peter Hartcher, from 1996 on, Alan Greenspan, chairman of the United States Federal Reserve Board from 1987 till 2006, knew that equity markets were overheated and should have taken concerted action to cool them. In fact, Greenspan gave one speech in December 1996 questioning the “irrational exuberance” of investors but never followed up to pop the bubble.
By 1999, Greenspan had become an out-and-out cheerleader of the so-called New Economy, in which labor productivity was rising so quickly that inflationary pressures were of minimal concern. As the steward of America’s financial markets, he should have known better, Hartcher argues, but in the face of jawboning from both Congress and the White House, Greenspan buckled under and took the easy way out. – Sydney Institute
Peter Hartcher is an Australian journalist and the Political and International Editor of the Sydney Morning Herald. He is also Chair Editor of The Diplomat, an Australian foreign affairs journal, and a visiting fellow at the Lowy Institute for International Politics in Sydney.
Duration : 0:3:24
Nov
2
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
Nov
2
This video was created by the U.S. Government Accountability Office (GA0) and can be accessed at: http://www.gao.gov/newcomers.vid.html
It is my understanding that works done by employees of the US Government, working in their official capacity, cannot be copyrighted. I have uploaded this video because I think it is an important message that more people need to hear.
Duration : 0:5:55
Oct
30
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Duration : 0:3:52
Oct
30
Agriculture is easily the most distorted sector, with high tariffs and, in developed countries at least, large amounts of government subsidies through price supports and direct payments. On the other hand, developing countries, who have a comparative advantage in these products, cannot afford to subsidize their agriculture sector and face prohibitive tariffs for their products abroad. The powerful agriculture lobby groups, particularly in the large developed countries, make reform politically difficult. Chris Edwards, Sallie James and Dan Ikenson discuss the inequities of American farm policies.
This video was produced by Caleb Brown ( http://www.twitter.com/cobrown ) and Austin Bragg ( http://www.twitter.com/habragg ).
Duration : 0:5:33
Oct
28
A short and probably inadequate discussion of the economic role and origin of money.
People will try and tell you all sorts of funny things about money, what it is, where it comes from. A sure sign people are talking out of their arse is if they say something like ‘modern money is just debt’. Debt is owing money. Money can’t be owing itself. Come on…
But even respected economists like to oversimplify things, and I’ve horribly oversimplified a lot here, but in a non ideological way, so hopefully you’ll learn something and be able to deal with strange economic ideas when and if they arise in discussion.
Duration : 0:6:9
Oct
28
This video was created by the U.S. Government Accountability Office (GA0) and can be accessed at: http://www.gao.gov/newcomers.vid.html
It is my understanding that works done by employees of the US Government, working in their official capacity, cannot be copyrighted. I have uploaded this video because I think it is an important message that more people need to hear.
Duration : 0:5:43
Oct
26
We are seeing reports of anywhere from 50% to 70%. It will pose challenges for the government going forward and put a lot of pressure on the government going forward. (Bloomberg News)
Duration : 0:2:10
Oct
10
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