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Tag Archives: economics
Economics Made Simple
Ed Kless gave a great presentation on “Economics Made Simple” tonight. Using an interactive game, he demonstrated how wealth is created by simply trading items among individuals. Since I hear things like ‘it is a zero sum game’ and ‘the … Continue reading
The Most Persistent Economic Fallacy of All Time
Dr. Milton Friedman explains why production is more important than just spending money. My favorite quote: “It’s very desirable to have governmental expenditures take place at as local a level as possible, because you as a citizen of a small … Continue reading
Keynesian Economics vs. Austrian Economics
It is no wonder almost all politicians and statists support Keynesian economics. It gives them a reason to interfere and control markets, which proves their existence is needed. The folks that follow the Austrian school saw all of this disaster … Continue reading
Makers vs. Takers at Occupy Wall Street
Good and short video claiming to know the ‘fundamental problem’ that OWS is mad about. Makers vs. Takers at Occupy Wall Street – YouTube.
Experimental Economist Vernon Smith on the Housing Bubble
Vernon Smith is a pioneer, discovering a whole new way to study economics and winning a Nobel Prize for doing so. Experimental Economist Vernon Smith on the Housing Bubble, Adam Smith, and Libertarianism
Hayek vs. Keynes Rap Anthem
I just ran across this great video (rap anthem style) of FA Hayek and J Keynes arguing economic philosophies. I think this is a great project because I’m convinced the way out of our current economic and political mess is … Continue reading
What Slumdog Millionaire can teach us about economic stimulus
Since the early 1990s, India has cut its poverty rate in half. About 300 million Indians—equivalent to the population of the entire United States—escaped the hunger and deprivation of extreme poverty thanks to pro-market reforms that increased economic activity. link
Bar Stool Economics
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men … Continue reading
