How Is Government “Special?”

How Is Government “Special?”

The phenomenon of crowding out is one of the key things to understanding accounts of public spending. Ultimately, there’s only a certain amount of investment capital around. To the extent that the government is using that money, whether for investment or for current spending, it’s not available to other people. So, if the government sells Read more about How Is Government “Special?”[…]

Business Cycles Explained: Austrian Theory

Business Cycles Explained: Austrian Theory

The Austrian theory postulates that entrepreneurs are tricked or fooled by government-engineered increases in the money supply. Here’s a simple example of how the scenario runs: The central bank inflates the supply of money. The real interest rate falls because there are more funds to be lent out. As the real interest falls, entrepreneurs borrow Read more about Business Cycles Explained: Austrian Theory[…]

Are Low Interest Rates Good?

Are Low Interest Rates Good?

Mortgage interest rates are at historically low levels and have been for a long time. Low interest rates are good for borrowers because it means that it costs less for them to borrow. But low interest rates are bad for savers because it means that they earn a lower return on their savings. Similarly, high Read more about Are Low Interest Rates Good?[…]

Don Quixote: Pioneer of Religious Freedom – Learn Liberty

Don Quixote: Pioneer of Religious Freedom – Learn Liberty

Don Quixote is also about freedom of religious conscious the freedom to think or believe what you want in your head. That’s the first amendment to the US Constitution. The founders knew this. Freedom of religion, freedom of press, that’s all about the freedom of what goes on in here. The founders knew that without Read more about Don Quixote: Pioneer of Religious Freedom – Learn Liberty[…]

Freedom Requires Whistleblowers: The Importance of Transparency | Learn Liberty

Freedom Requires Whistleblowers: The Importance of Transparency | Learn Liberty

A free society requires a government limited to protecting its citizens’ freedoms. It has to be accountable to them. The government of a free society needs to ask its citizens’ permission for everything it does, not the other way around. Maybe you’re not concerned about the invasions of privacy that the federal government agencies are Read more about Freedom Requires Whistleblowers: The Importance of Transparency | Learn Liberty[…]

Is There Freedom Of Speech In College? – Learn Liberty

Is There Freedom Of Speech In College? – Learn Liberty

This photo shows Mary Beth Tinker and Isaac Smith. Mary Beth sued her school district when she was sent home for wearing a black armband to protest the Vietnam War. That act of pushing back resulted in the landmark decision Tinker v Des Moines Independent School District. In which the Supreme Court stated neither students Read more about Is There Freedom Of Speech In College? – Learn Liberty[…]

Freedom: Benefits of a Basic Income Guarantee vs. Welfare – Learn Liberty

Freedom: Benefits of a Basic Income Guarantee vs. Welfare – Learn Liberty

The US federal government spends well over six hundred billion dollars a year on welfare spread across more than a hundred and twenty different programs. When you add in spending at the state and local level total welfare spending in the United States amounts to over a trillion dollars a year. That’s over $20,000 for Read more about Freedom: Benefits of a Basic Income Guarantee vs. Welfare – Learn Liberty[…]

Economic Freedom and Growth

Economic Freedom and Growth

Why are some places rich and others poor? Why are some big cities bright, and others dark? These are some of the most important and enduring puzzles in the history of economics. Adam Smith saw these same contrasts in 1776, and asked the same questions in his book, The Wealth of Nations. For Smith, the Read more about Economic Freedom and Growth[…]

Freedom of Speech: What Is Your Opinion? – Learn Liberty

Freedom of Speech: What Is Your Opinion? – Learn Liberty

We have this thing we call the Free Speech Challenge, challenging students at different colleges to see if they’ll express an opinion that’s unpopular.>>I don’t know if this is super controversial. I guess it is in some ways. But I care a lot about climate change.>>I’m a big believer in women’s rights. I think, being Read more about Freedom of Speech: What Is Your Opinion? – Learn Liberty[…]

Should You Be Afraid of the NSA? – Learn Liberty

Should You Be Afraid of the NSA? – Learn Liberty

You should be worried about NSA Surveillance. For a very long time the government’s position was, this is all too secret for anyone to ever talk about, and it’s all too secret for the courts to decide whether it’s legal. And it’s too secret for you to know what the government was doing with your Read more about Should You Be Afraid of the NSA? – Learn Liberty[…]