Episode 22 – International Movement of Wealth (Podcast)

Money, wealth, and capital can move around the world in mere seconds. Within any economic structure, capital is the building block of prosperity. With relatively new ease of access to resources, how has that changed our society? Developing nations no longer need to start from scratch, or wait long periods of time to meet demand for certain items. This has fundamentally changed what is considered capital along with the way our world and our governments function. Author and Professor Richard B. McKenzie puts it in these easy to understand terms, “The big difference is not so much the need for …

Share
Continue Reading

Dead Wrong® with Johan Norberg – Trade War: What is it Good For? (VIDEO)

“Trade wars are good and easy to win. When we are down $100 billion with a certain country, we just don’t trade anymore – we win big. It’s easy!” Oh boy that’s Dead Wrong®. Join Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg to find out why a trade war is good for… absolutely nothin’.
Click here to sign up for email notifications of the next Dead Wrong!
Share Dead Wrong with your friends on Facebook and Twitter and start a discussion today!
To watch more Dead Wrong videos, click here.
Dead Wrong videos now on Roku. Locate our channel here.
Share
Continue Reading

Episode 18 – James Buchanan (Podcast)

What is the most basic unit of our society which our values and norms are built around? For James Buchanan, that unit is the individual. It was his view that individual liberty should be the fundamental building block of a society. Laws and systems should be built around the protection of those individual rights in an effort to preserve liberty. His research and ideas won him a Nobel Prize in 1986, but underwent a transformation over the years. “I didn’t understand- had no understanding at all- of how the economy works or how the market works. I’ve often referred to …

Share
Continue Reading

Episode 14 – Milton Friedman Speaks – Equality and Freedom in the Free Enterprise System (Podcast)

If the government has the power and responsibility to promote equality of income, then how do we define the concept of equality? Jefferson, in his Declaration of Independence, meant equality before the law, a concept necessary precisely because people are not equal in tastes, values, or capacities. Later, equality came to mean equality of opportunity—the chance to run a fair race. Within a free market system, both definitions are consistent with other values: Efficiency, justice, and liberty. More recently, equality has come to mean equality of outcome. Equality of outcome cannot be mandated, cannot be insured. Any serious attempt to …

Share
Continue Reading

Episode 13 – Milton Friedman Speaks – Who Protects the Worker? (Podcast)

Unions offer protection to workers in some situations, but union membership represents only one fifth of the American labor force. And while some unions do benefit their members, it is generally at the expense of competing workers and frequently at the expense of the consumer. Government? Government provides some protection, but its efforts are minor. Some workers with only one possible employer—or with no possible employer— enjoy very little protection. The right answer to the question “Who protects the worker?” is that the worker is protected by employers; by the existence of other employers who can and will compete for …

Share
Continue Reading

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 …

Share
Continue Reading

Episode 9 – Milton Friedman Speaks – The Energy Crisis (Podcast)

It’s pointless to try to predict the availability of adequate sources of energy. What we need is an adjustable mechanism to enable us to adapt to whatever happens. We already have such a mechanism. The market helps us make transitions to the future—just as it has done in the past— if it is allowed to operate freely. Our prospects will be much improved if we can devise means to abolish —or at least work around—the government controls that interfere with the production and distribution and use of energy. It’s not a problem unique to energy, as Milton says, “The problem …

Share
Continue Reading

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. …

Share
Continue Reading

Dead Wrong® with Johan Norberg – Is Free Trade Unpopular? (VIDEO)

Free trade is being forced upon us by the elite. People don’t want it and its more unpopular now than ever before. Breathe a sigh of relief because that’s Dead Wrong®. Look past the loud, boisterous minority and get to the facts with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
Click here to sign up for email notifications of the next Dead Wrong!
Share Dead Wrong with your friends on Facebook and Twitter and start a discussion today!
To watch more Dead Wrong videos, click here.
Dead Wrong videos now on Roku. Locate our channel here.
Share
Continue Reading

Dead Wrong® with Johan Norberg – China Creates U.S. Jobs (VIDEO)

China is eating our lunch. Chinese imports reduce the number of U.S. jobs and we need tariffs to balance things out. Dead Wrong®. It may appear that way on the surface, but a closer look results in a different conclusion. Find out what it is from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
Click here to sign up for email notifications of the next Dead Wrong!
Share Dead Wrong with your friends on Facebook and Twitter and start a discussion today!
To watch more Dead Wrong videos, click here.
Dead Wrong videos now on Roku. Locate our channel here.
Share
Continue Reading