Call Me Stormy

Finding righteous currents in turbulent times

Archive for the category “Economizing”

Be Wary of Unethical Banks

With their sticky fingers firmly wrapped around the purse strings, banks are not winning any popularity polls. Causing the credit crunch that has engulfed the country is just one of the many reprehensible things they are blamed for. Alltime 10s tells us about 10 additional unethical things banks do with your money.

Obama’s War On Marriage

It appears that America’s unmarried poor have figured out a way to game the system, with plenty of help from their hero, President Obama. Their solution–stay single and reap a shower of entitlements. “There are now no fewer than 70 programs in the U.S. budget comprising a trillion dollars of spending, which are means tested. And all of those programs penalize marriage,” says Dick Morris. It’s a known fact that once you sign those marriage vows, your income increases and cuts you out of the entitlement gravy train. Morris explains the predicament in this edition of Dick Morris Reports.

College Costs Soaring

The cost of a college education continues to blast through the roof, burdening students and their families. American University economics professor Daniel Lin says there are two major factors contributing to the skyrocketing costs: supply and demand and government subsidies. Join Lin in this edition of Learn Liberty as he searches for a solution.

A Dangerous Monopoly

It’s a fact that everyone wants the products they buy to be safe to consume or use. So what is the safest route–the free-market system or a government-run program? Professor Howard Baetjer, of Towson University, explains that under the free-market system, competition among certification firms allows the process to work as it should and prevents under- or over-testing. And the firms have no monopoly. On the other hand, government holds a monopoly on safety standards that may result in over- or under-testing of products. “A monopoly government agency faces no check on this kind of caution,” says Baetjer. “If an agency rejects a product that’s safe, or takes years for additional tests, the manufacturer cannot turn to another certifier. No other certifiers are permitted.” Listen to the rest of Professor Baetjer’s case for a free-market system.

Our Future in Peril

Spending in our country has always spiked to exorbitant levels during wars, but settled in peacetime. But after dropping following World War II, spending has spiraled out of control. Political pundits are forcasting the destruction of our society, or worse yet, another depression. “We are going broke, and the response of our politicians is not to cut anything, it’s to double down on idiotic policies that will increase our debt,” consumer and investigative reporter John Stossel says. Stossel points out the culprits threatening our future, then focuses on the forces that have made life better in this edition of Liberty Pen.

Wealth in Knowledge

Not surprisingly, the most essential factor in creating wealth is not money but knowledge. While the deduction is a simple one, there are some additional factors in the overall equation. Economist George Gilder, co-founder of the Discovery Institute, says, “Here’s how it works. More freedom, more knowledge, more innovation. And more innovation leads to dynamic economic growth. Less freedom, less knowledge, less innovation … less economic growth.” Listen in, Gilder lays out more facts in this edition of Prager University.

Capitalism is Best

Since President Obama took up residence in the White House, the debate began in earnest: socialism versus capitalism. While the national consensus is Obama leans toward more government and socialism, the majority of the country opines that good old-fashioned entrepreneurship and capitalism is the way to go. Georgetown University associate professor of philosophy Jason Brennan says in his new book, “Why Not Capitalism,” that the notion holding the most appeal with academics is that while socialism is unworkable in practice, it is still the best way to society in theory. “Such thinking neglects the fact that even in utopia, people will have significantly different visions of life well lived.” Join Brennan as he explains his vision to Reason TV’s Rob Montz.

The Money Game

Once upon a time the value of money was linked to how much gold or silver the U.S. had squirred away. Today, the determining factor is how much of it is in circulation. In this edition of TED-Ed, Doug Levinson explains who makes the decision about how much money to print and how it affects the economy at large.

A Taxing Migration

As heavier tax burdens across country put the squeeze on hard-working Americans, many of them are voting with their feet and taking their wallets, according to Travis L. Brown, author of How Money Walks. Brown tells John Stossel of Liberty Pen, “We’re looking at the movement of Americans and their income, measured by the Internal Revenue Service data files since 1992 to 2010. ” Brown says majority of the migration is to no income tax states, such as Texas, Nevada and Florida, while heavier-taxed states like California and New York are in a financial tailspin.

The Best is Yet to Come

Bryan Caplan, professor of economics at George Mason University, says there’s no need for so much gloom and doom when it comes to the state of the world. “Human beings dwell on problems, failures and tragedies, and take solutions, successes and  triumphs for granted,” says Caplan,who refers to the phenomenon as pessimistic bias. But with all of the amazing economic gains in the last 100 years, Caplan says the big picture is still very sunny. In this edition of  “Econ Chronicles” on Learn Liberty, Caplan explains.

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