Students, get a full week of this at a summer seminar: http://lrnlbty.co/Hvopp9

Is Social Security a good retirement plan? Economics professor Antony Davies shows that Americans stand to earn significantly less and assume more risk…

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Students, get a full week of this at a summer seminar: http://lrnlbty.co/Hvopp9

As the U.S. debt and deficit grows, some politicians and economist have called for higher tax rates in order to balance the budget.…

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The minimum wage sounds nice on the surface: workers earning $8 per hour would certainly be better off if they were earning $12 per hour instead. But economics professor Antony Davies explains that this view of the minimum wage overlooks…

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According to Prof. Pavel Yakovlev, several post-Soviet economies have struggled to obtain prosperity since the breakup of the Soviet Union. Many argue that this is a failure of capitalism. To Prof. Yakovlev, this has not been a failure of…

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If the government can print money, why doesn’t it just print money and hand it out? Economics Prof. Antony Davies explains that understanding why money was invented can explain why it is not useful for the government to print money…

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The U.S. federal government collected $2.2 trillion and spent $3.8 trillion in 2011. At the same time, it was $14.6 trillion in debt. These numbers are too big to comprehend, so what if we scale it down to an average…

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Some people like rock music, and others like country. Some people prefer chocolate; others prefer strawberry. Economics calls value subjective to reflect these different tastes and preferences. Philosophy uses the term “value” objectively, to refer to things such as rights.…

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Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments…

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The World’s Smallest Political Quiz: http://www.theadvocates.org/quiz

Randomized version of the quiz: http://www.shanekillian.org/quiz.php

CNN reporter exposed: http://www.youtube.com/watch?v=LWcgPvBLkD0

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From the IHS Vault: Dr. Davies traces the decline of classical liberal/libertarian ideas from the mid-19th century through the mid-20th century. He describes how the case for classical liberal ideas grew stale and fell prey to competing ideologies like socialism,…

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