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Economic History 101, Individual Vs. Government Initiative: The Great Leap Forward

The agricultural economy of the late 1950's largely resembled that of the Nationalists prior to Mao's ascension to power, characterized by peasant farmers tilling small plots on which they had some form of claim of ownership or tenancy, the latter of which dated from the time of China's last dynasty, the Qing line. All that changed in 1957 with the policy known as the Great Leap Forward, its major policy elements being the redirection of labor Read More »

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Was Joe Paterno Really That Generous?

Many of those defending Joe Paterno's legacy point to his involvement in and giving to many projects at the University. At the press conference of the Penn State University Board of Trustees on the release of the Freeh Report, Trustee Kenneth Frazier was quoted as saying, that the report found "inexcusable failures on the part of Joe Paterno and others to protect children. But I'd also say Joe Paterno did a lot of tremendous things in Read More »

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Ford and the Auto Bailout…

The visit of President Barack Obama to Detroit yesterday gave the Administration ample opportunity to crow about the Government led auto bailout of 2008. "If it was up to the Republican Party, Chrysler and General Motors would not have been here," UAW Secretary-Treasurer Dennis Williams told the crowd of thousands "If it wasn't for President Obama, we would not have the opportunity to once again build the best cars and trucks in the whole world." I should Read More »

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Obama and Motown….

President Obama apperared today in my hometown, the city of wheels, Detroit, MI. Although in the grand and beautiful state of Michigan for the Labor Day weekend, I did not venture into the Motor City to hear the President speak, instead choosing to stay in a quintessentially Michigan setting near a lake and tune into it on C-Span. What I was treated to via the helfpful public affairs channel was vintage Barack Obama at his Read More »

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AT&T and T-Mobile: Troubled Reasoning Despite Good Policy

While I applaud the decision of the Department of Justice to file suit to block the merger of AT&T and T-Mobile as a sound free-market and pro-competive decision, recent quotes from Administration officials leave us to believe that this positive and constructive move may be more of a case of a blind squirell finding a nut than any sort of visionary and sound policy posture. Moreover, in reading the reviews of this action, I Read More »

Category Archives: Videos

Milton Friedman on “Soaking the Rich”

This video is a bit of deja’ vu.  It is a segment of an interview on the Phil Donahue show in which the famous professor and monetarist answers a woman’s question that seems to be focused on the unfairness of the existence of billionaires in a capitalist society.

Although the video is about 25 years or so old, the issues are the same that are being debated today – taxing the rich, viabilty of social security and more.

Even though the late economist was an innovator and academic, his explanations remain very accessible to the average person.

Video: Economic Freedom and a Better Life

asmith

In our continuing series of condensing lectures on economics, freedom, and liberty, this embedded video is from economics professor Josh Hall.

In this short 3 minute video, he explains that economic freedom leads to greater human well-being. If we look at average income, life expectancy, income of the poorest 10%, and other factors, we see that when governments let citizens make economic decisions for themselves, this leads to greater human flourishing.

Video: The Value of Economic Freedom

The following video is not as intellectual and theorectical as some of our video presentations, but it is succint in its view of the value of economic freedom.

Rather than fill our library of videos with purely academic excercises, I felt it was important that some to the point narratives were provided as well.  Enjoy this video from Economic Freedom and visit their site for more information if you wish.

Video: Media Bias with Tim Groseclose

Tim Groseclose

Drawing upon Stanford University’s phenomenal video interview/lecture/speech series, this 33 minute video features an interview with UCLA professor of American Politics Tim Groseclose discussing media bias in the United States. Professor Groseclose has also taught at Caltech, Stanford, Carnegie Mellon, Ohio State University and Harvard. His new book is Left Turn: How Liberal Media Bias Distorts the American Mind
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In his book, Groseclose explains how he measures the political leanings of ordinary Americans, the level of bias in any chosen media company, and how this media bias powerfully affects elections. He concludes by offering ways of combating media bias and explaining the role the Internet plays in exposing this bias.  This revealing interview is a perfect introduction to both the research and resultant book by Professor Groseclose.  I hope you enjoy the interview and our efforts to bring to you contemporary video commentary on issues impacting every American today.

Video: The Economics of Liberty

Dr. Walter Williams

In our continued quest to develop a database of topical, intelligent, and more than superficial lecture videos on the topic of economics, freedom and history, I am going to be publishing a rush of currently availble videos from YouTube and other sites that focus exclusively on these topics.

This video is of a speech made by Dr. Walter Williams, professor of economics at George Mason University, and features excerpts from the speech “The Entrepreneur As American Hero,” delivered by Dr. Walter E Williams, John M. Olin Distinguished Professor of Economics, George Mason University.

In fact, this speech was in response to Paul Krugman – Income Inequality and the Middle Class.

Video: Thomas Sowell, Facts and Fallacies

The video below is from an interview at the Hoover Institution with Thomas Sowell about his book Economic Facts and Fallacies
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In Economic Facts and Fallacies, Thomas Sowell exposes some of the most popular fallacies about economic issues in a lively manner that does not require any prior knowledge of economics. These fallacies include many beliefs widely disseminated in the media and by politicians, such as fallacies about urban problems, income differences, male-female economic differences, as well as economic fallacies about academia, about race, and about Third World countries.

Sowell shows that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power–and makes careful examination of their flaws both necessary and important.

The following video is an exceptional introduction to the book as well as informative for the economic layman…

Video: Ron Paul Ames Straw Poll Debate Highlights

Below is a video of the highlights from Ron Paul’s performance at the Ames Straw Poll Debate

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