Q – Why is government riddled with so much debt? A – It takes courage (a commodity rarely found in politics) to reduce public spending. Gov. Luis Fortuno displays what political courage has done for Puerto Rico.
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Do we even need a government? Some anarchist philosophers and economists don’t think so. Dr. Nigel Ashford takes a look at two anarcho-capitalist thinkers, Murray Rothbard and David Friedman. Rothbard criticizes the state for its use of coercion, and Friedman criticizes it for its inefficiency. Both argue that there are free-market alternatives to all government services.
What is the “Austrian School” of economics? When people refer to the Austrians, they are usually referring to the ideas of Friedrich Hayek and Ludwig von Mises. In this video, Professor Nigel Ashford outlines the basic beliefs of these two prominent economists. While the two agree that government should be limited, they also disagree on many points.
How should we assess the merits of a law or government program? According to Milton Friedman and the members of the “Chicago School,” we need to look at empirical evidence and see the consequences of laws. Many laws are well-intended, but do they actually have good outcomes? The Chicago School admits that markets do fail sometimes fails. But, they contend that government also fails, and that usually government failure is far greater than market failure. Dr. Ashford takes a close look at the Chicago school.
What is “classical liberalism?” Is it a specific set of beliefs, a philosophy, an economic theory, or something else? In this series, Dr. Nigel Ashford explores what classical liberalism — sometimes called “libertarianism” — actually means. Dr. Ashford looks at 5 different schools of classical liberalism/ libertarianism, and examines how they are similar and how they are different. Dr. Ashford hopes that as you explore this series, you will think deeply about your own beliefs and political philosophy, and draw your own conclusions.
Presented at the 2012 Austrian Scholars Conference. Recorded 8 March 2012 at the Ludwig von Mises Institute in Auburn, Alabama. Includes an introduction by Mark Thornton.
Court Rejects Challenge to Indiana Choice Scholarship Program
Are you skeptical of school choice programs? Do words like private schools, charter schools, vouchers, and tax credits make you uneasy? If so, Prof. Angela Dills argues that there are four things that you should know about school choice before dismissing it as a viable improvement to our education system:
1. School choice doesn’t require parents to bear the full cost of educating their child.
2. School choice lowers the cost of schooling.
3. School choice raises the quality of schooling.
4. Low income and minority students are more likely to benefit from school choice programs.
Dills argues that the American education system is failing our children. We have thrown money at the problem for years with little or no effect. School choice, when it has been tried, has lowered the cost of schooling while maintaining, or even improving, the quality of education.
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Tom Woods, New York Times bestselling author of Meltdown, replies to Rick Santorum’s claims that gold doesn’t prevent price inflation and that we need inflation in order to prosper. http://www.TomWoods.com