When the Soviet Union collapsed, countries in the Eastern Bloc were faced with a huge challenge. They needed to take their socialist societies and convert them into capitalist ones. How did they change a country where most property was state-owned into something that was based on private property? Each country handled it differently and the results are not surprising. Despite these challenges in the early 90’s, Milton Friedman remained optimistic, “The hopeful thing about this is that the inefficiency of the former system is so great that the new system can make great progress even though they have very inefficient …
Dead Wrong® with Johan Norberg – Uber and Urbanity (VIDEO)
I’m sorry I’m late. I waited hours for a normal cab, since I don’t use Uber. Sure, it’s convenient, but I am a considerate person and I also think of the costs I impose on society. Dead Wrong®. Find out why convenience isn’t the only benefit of ride sharing apps with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 28 – David Attenborough (Podcast)
What can nature teach us? It’s a question that mankind has investigated since the beginning of time. We’ve learned so much, but there’s still even more that we don’t know. That’s why people like David Attenborough dedicate their lives to studying the world around us. The lessons that David has learned over the years have filled multiple hours of television programming and even more publications and writings. One particular opinion of his, on the role of zoos in our society, stands out in today’s focus on the ethical treatment of animals. “I think the zoos have two very important functions. …
Dead Wrong® with Johan Norberg – Why Venezuela Collapsed (VIDEO)
Don’t blame socialism for Venezuela’s horrors. It’s just that the oil price collapsed, so obviously an oil dependent country couldn’t afford imports and all that spending. Dead Wrong®. Collapse is a strong word, as a matter of fact it’s not even the correct word. Find out why from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 27 – Morality of the Free Market (Podcast)
Critics of the free market system often point out that it is an unfair system due to it leaving some with wealth at the expense of oppressing others. What those critics often ignore is that exchanges in this economic structure are voluntary. Each side comes out of the interaction with their desired result. Since the seller is amassing wealth by helping others get the goods and services they need, isn’t that more moral than proposed socialist solutions? When it comes to the relationship between morals and economics, Dr. Walter Williams has this to say, “Unless you believe that there’s a …
Dead Wrong® with Johan Norberg – Beepocalypse Not (VIDEO)
Summer is coming, but the bees aren’t. They’re abandoning their hives, with disastrous consequences for pollination and food production. We’re heading for the beepocalypse. Dead Wrong®. Find out what all the buzz is about from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 26 – Government Regulation (Podcast)
Government regulation is a force that influences nearly every aspect of our daily lives. The intentions are usually well-meaning. They are created to fix a problem or a perceived market failure. The problem that we run into time and time again is that the fixes usually create another problem, while only putting a temporary patch over the initial problem. The response is usually another patch with the same result. In the words of Nobel laureate George Stigler, “The trouble is that normally the way (advocates) want to solve the problem is to create either a new agency, or a new …
Dead Wrong® with Johan Norberg – Sex on My Mind? (VIDEO)
We all know how men are. Just one thing on their minds. You’ve heard this before, men think about sex every seven seconds. Dead Wrong®. Join Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg to see how exaggerated that figure really is.
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Episode 25 – Money (Podcast)
What is money? For thousands of years currency was tied to a commodity, if the commodity itself wasn’t actually exchanged. Today, that relationship has drastically been altered. Money, as a human institution, has evolved from having a real value to only having a perceived value. Milton Friedman traces it back to one specific date. “It’s seldom that you can date precisely when there’s a major change in a human institution let alone in a monetary institution. But you know it’s an interesting fact that you can date precisely a really drastic change in the character in the monetary system around …
Dead Wrong® with Johan Norberg – Return of the 91% Tax Rate (VIDEO)
Let’s tax the rich more. It won’t hurt the economy. In the 1950’s, the top US federal income tax rate was 91%. People did not stop working and the economy was booming. We can do it again. Dead Wrong®. No “Green New Deal” can make those numbers work. Find out why from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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