Humans are irrational beings. Choices differ from person to person, and even from lab experiments to the real world. So, with all that differentiation, how can economists expect to understand how market forces will impact the decisions that individuals make? It turns out that most individuals go about making decisions the same way, but the results of these decisions vary wildly. Nobel laureate Gary Becker attempts to explain how that process works, “To me, maximizing utility simply means the following: that consumers can order all the opportunities they have available to them…possible choices. They can order them so they prefer …
Dead Wrong® with Johan Norberg – How to Fight a Trade War (VIDEO)
Now the trade war is upon us and the big boys are imposing tariffs. What’s a small country to do? Fight back. An eye for an eye, a tariff for a tariff. Dead Wrong®. If all of your friends jumped off a cliff, would you? Neither would Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg, in this episode.
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Episode 31 – High Cost of Bad Science (Podcast)
The vast majority of people agree that we should be doing what we can to help protect the environment, but are we doing it the right way? Regulations may be based in science, but they’re created by bureaucrats with only one singular focus. Whose job is it to look at the impact of these regulations on a larger scale? And is the situation being presented in a way to intentionally scare the public? Dr. Walter Williams would say so, as well as professor of environmental science Dr. Fred Singer, “We have in the federal government, agencies that look at things …
Dead Wrong® with Johan Norberg – Do Voters Reward Political Pandering? (VIDEO)
Take it from the political consultants: If you want more voters, don’t just stand there, move to where all the voters are. Simple….and Dead Wrong®. As far as voters go, there’s only one thing worse than being on the other side of an issue; being unreliable. See why with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 30 – The Federal Reserve Myth (Podcast)
The Federal Reserve was originally created to bring stability to our financial and monetary system. However, despite multiple failures, it has widely escaped criticism. There is a myth that the Fed is there to protect us. But upon closer inspection, does it? If you ask Nobel laureate Dr. James Buchanan, the answer is clear, “The Fed more or less just inherited this legacy of being a monopoly in control of a monetary institution. It’s not a constitutional body. It has never been explicitly examined legislatively. And yet it gets away with all this without any criticism because the criticism is …
Dead Wrong® with Johan Norberg – Minimum Wages, Minimum Jobs (VIDEO)
In 2016 San Diego started raising the minimum wage. At last, relief for low-wage earners. Dead Wrong®. What about those who get left behind in all of this? Find out with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg. .
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Episode 29 – Privatization Trends (Podcast)
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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