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 …

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Episode 12 – Milton Friedman Speaks – Who Protects the Consumer? (Podcast)

Consumer legislation doesn’t protect the consumer in the end. Rather, it benefits the consumer advocates, including reformers, special interest groups, and regulatory agencies. What does protect the consumer? Alternative sources of supply at variable prices are the inevitable result of international competition—free trade. Milton does not mince words when it comes to his perception of the matter, “These agencies, these regulations, these bureaucrats have not only picked our pocket but they have left us less well-protected than we were before. When we as consumers really need help, we will find the self-styled consumer advocates conspicuous by their absence. Now let …

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Episode 8 – Milton Friedman Speaks – Free Trade: Producer vs. Consumer (Podcast)

If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle — interests that are concentrated (those of the producer) are more politically effective than interests that are diffused (those of the consumer). Protection does not create jobs or move goods; rather, it forces us to expend greater effort to get the goods we produce, since they cost more to produce at home than abroad. The balance of payments can take care of itself, provided we do not manipulate foreign exchange markets to put an artificial value on the dollar. …

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Dead Wrong® with Johan Norberg- Made in China (VIDEO)

It seems like everything we buy is made in China these days. We import cheap goods, but we export good jobs. We should just produce everything we need locally and keep the factories and jobs at home. Dead Wrong. In this short video clip, Free To Choose Media Executive Editor and Cato Institute Senior Fellow Johan Norberg explains.

 

 

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Dead Wrong® with Johan Norberg – Hans Rosling (VIDEO)

People here, people there, people everywhere! The world population grows exponentially, and so does resource consumption. This will end in tears. Dead Wrong®. Find out how the numbers just don’t support this common misconception with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.

 

 

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Dead Wrong™ with Johan Norberg – How Not to Make a Sandwich (VIDEO)

Our ancestors produced everything they needed themselves. Whereas we consume things we don’t even understand how they’re created. Division of labor has resulted in an absurd alienated world. Wouldn’t self-sufficiency be more natural? Dead wrong. Free To Choose Media Executive Editor and Cato Institute Senior Fellow Johan Norberg explains that without free trade, you’d more than likely starve before you could even make a sandwich.

 

 

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