Dead Wrong® with Johan Norberg – Did Tariffs Industrialize the U.S.? (VIDEO)

You silly free traders. You think protectionism is alien and strange. But it used to be the American way. U.S. industries once grew powerful because they were protected by high tariffs. Dead Wrong®. Find out what these tariffs did actually protect from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 33 – Culture War (Podcast)

What is liberalism? What is conservatism? The divide between the two opposing ideologies has widened recently, but why? It may have to do with the two sides not only believing that they are right, but believing they have the duty to impose their views on the other half. We’ve moved from an era from which politics and religion were separate. Now, we are walking the border of politics becoming religion. Will that shift result in a culture war, or are we already there? As theologian Dr. Kenneth Craycraft Sr. puts political ideology in terms of religion, “The problem is that …

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Episode 32 – Consumer Behavior (Podcast)

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 …

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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 …

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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 …

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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.  …

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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 …

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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 …

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Episode 24 – Science and Religion (Podcast)

Are science and religion incompatible? It’s a conversation that tends to get heated very quickly. Science has answered several of our questions about the universe, but the theological debate keeps returning to one point, the beginning. As you could expect, a balanced discussion on the topic eventually leads to more questions than answers. “How the earth formed, how life arose from the earth, how man evolved. All of that is explainable in a very satisfying way. Does that prove that God does not exist? The trouble with drawing that conclusion is that when you step back to look at the …

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Episode 23 – Monetary Revolutions (Podcast)

What effects did world events, such as world wars and depression, have on the economies of nations such as Germany, and the former Soviet Union? As hyperinflation raged, the real value of currency in these nations became a question mark. Countries today are still ravaged with the same problem. As revolutions erupt and regimes change, the effect on purchasing power is hard to ignore. How can the problems of “out of control” inflation be solved? As Milton Friedman describes the issue, “Country after country has seen its monetary system blow up in its face, and subsequently, it’s had to do …

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