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. …
Dead Wrong® with Johan Norberg – Equal or Fair? (VIDEO)
In a study, six-year-olds showed that they preferred to throw out rewards, rather than distribute them unequally. Even children know that inequality is unnatural. We humans just hate it. Dead Wrong®. Inequality and unfairness are two separate issues, as discussed here by Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 7 – Milton Friedman Speaks – Is Tax Reform Possible? (Podcast)
Why do Americans pay more in taxes than they really want to? Can they do anything about it? Americans must understand that their true tax burden is what the government spends, regardless of how that spending is financed. If government spending goes up faster than prices in general, the real tax burden increases. Simplifying the system is far from easy, but the real defect is not in the tax system anyway, but in the budget structure. Our only hope for tax reduction is in establishing constitutional provisions that will set limits on government spending. Nonetheless, spending keeps increasing despite growing …
Dead Wrong® with Johan Norberg – Have We Killed 60% of All Animals? (VIDEO)
Humanity has wiped out 60% of all animals since 1970! This comes from The Guardian and other media outlets, as they reported on the World Wildlife Fund’s Living Planet Index. But that’s Dead Wrong®. Find out why this news report loses its teeth from Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 6 – Milton Friedman Speaks – Money and Inflation (Podcast)
Inflation is blamed on many things but it has only one cause. It is a monetary phenomenon. Inflation occurs when the quantity of money increases faster than the quantity of goods. Why does the money supply increase? Very often it does so to enable the government to pay its bills without raising taxes. There’s only one real cure for inflation. It is a cure that’s easy to describe but difficult to apply. The government must reduce spending and print less money. The alternatives are both recession and double-digit inflation. In Milton Friedman’s own words, “Inflation is a disease. It’s a …
Johan & Rob’s Excellent Adventure
Johan Norberg and Rob Chatfield hit the ground running when they arrived in Washington, DC for a five-city publicity tour for Sweden: Lessons for America? – A Personal Exploration by Johan Norberg. Starting in our nation’s capital, Norberg was first interviewed by Kat Murti, senior digital outreach manager at Cato Institute. She has her own following and conducted a Facebook Live interview with Johan that covered many topics, including other documentaries he has hosted with FTCM. The duo then ran downstairs for a screening and discussion of the documentary, moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity …
Dead Wrong® with Johan Norberg – Is There a Fermi Paradox? (VIDEO)
Look at the stars, so many galaxies, so many planets, so where is everybody? This is the Fermi Paradox. Did other civilizations kill themselves once they developed nuclear weapons? Or is life just so incredibly unlikely that it only appeared once? The only thing we know for sure is that we are all alone. Dead Wrong®. The truth is out there with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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Episode 5 – Milton Friedman Speaks – What is Wrong with the Welfare State? (Podcast)
The welfare state is an attempt to “do good” with someone else’s money. The aim may be worthy but the means are faulty. The problem is that you do not spend someone else’s money as carefully as your own. More to the point, it’s impossible to “do good” with someone else’s money without first taking it away from someone else. That implies coercion—the use of bad means to corrupt the good ends of the welfare state. Welfare programs implicitly encourage competition for government funds and create unfortunate divisions and antagonisms in our society that erode individual freedom. We must find …
Dead Wrong® with Johan Norberg – Do Screens Make Worse Surgeons? (VIDEO)
A senior British surgeon claims that young surgery students spend so much time in front of screens that they are losing practical skills, like sewing and stitching. He got a lot of attention because it combined two of our favorite pastimes, worrying about screens and complaining about the young. But it’s Dead Wrong®. Slice into the truth with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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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.
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