How could anyone like this video, based off of nothing than her "economic" OPINION?!?! Most peoples lives are routine for lack of a better word. Gas could be cents on the gallon and that doesn't mean I'm going on a cross country road trip. In regards to higher gas prices, yes people consume less but just because the price is lower or Im getting better mileage does not mean that "savings" will be spent on the same product/service in this case gas. It's an absurd & uneducated OPINION!

I don't think anyone here actually understands how the economy works, because if you did, you would realize that her argument actually does a lot to support the bill that she was talking about, at least from an economical perspective. Setting aside the environmental issue for the moment, we're looking at a regulation that forces manufacturers to create more fuel efficient cars when gas prices are high, so they buy them to use less gas, but end up consuming more gas because now they find that they have been saving a lot of money, since they didn't have to buy as much gas. Therefore, they end up using that saved money (which would otherwise remained stagnant and produce no positive effects for our economy) and they use it. This consumption keeps the economy flowing and it's how we keep our economy healthy.

HOWEVER, I'm no supporter of oil companies and here's why (and yes, it's what she failed to mention, though it's where I'm kind of in agreement on her with this particularly subject, even though, economically speaking, her theory is a bit off). Anyway, once that money goes to the oil company, its going to travel up the ladder and hit the pockets of big, corporate executives that run a poorly regulated business because they lobby politicians to alter and, ultimately, sabotage those regulations ON PURPOSE. So these politicians take the money and put it into capital gains, which they use to produce more money through other corrupt systems like banking and housing that use complicated formulas to cheat people out of their hard-earned dollars by piling on the interest until good people like you and me are buried in debt to them. But hey, this all produces more money for the big oil tycoons, so they can't complain, right? Anyway...

Point being; if you want not to get screwed over somewhere along the line, you're going to need those "awful" regulations. In fact, you're going to need them in just about every aspect of the economy that you depend on in order to survive. Otherwise, corrupt systems WILL take advantage for your NEED of a product. It's why our economy is so bad right now, and it's why Wall Street is currently flooded with the unemployed who are buried under the debt of the education they NEEDED to get a job, but weren't able to because the economy was so bad, so there weren't any jobs because the money to fund those jobs in currently in the pockets of... guess who. Big Corporations and their lobbying politicians. Sound like a horror story? Guess what, it's real. And these people would keep you from the regulations that can save you.

But once again, this is just for things we NEED, where demand is pretty much unlimited. Capitalism and this whole liberty thing works great in a free market for things that we WANT. Because then there's a reasonable subjective value which keeps everything from going out of control and truly makes a competitive market effective. Still, very important here... if you don't rely on a democratic government (which we don't currently have by the way; we have a bureaucratic republic) to supply you with social programs, then there will be nothing to regulate and competition won't save you either. It simply can't keep the price in check and if you've been paying attention to everything that's been happening in this country since Raegan's been in office, you would know that.

I guess incentives are a stupid idea all together. Cookies that are half the fat only encourage some people to eat twice as many.

What matters is the choice to eat or drive less. And that after all is known as Liberty.

This is so great!

Too bad Nixon did not take this advice to heart when he imposed the price controls during his presidency.

Anyways, this is one of the greatest Liberty-minded projects of all time, period.

I swear that was Robert P. Murphy's, "The Politically Incorrect Guide to The Great Depression and the New Deal" at the bottom of that book pile.

He may just be my favorite living economist/political theorist.

Wow, thanks to LearnLiberty for doing this, I love it! The best part of these videos so far are the "For example..." parts. These examples make the concepts easier to understand and actually interesting to learn about.

Simply outstanding.  Thank you LearnLiberty for putting this together.  These are lessons that every American and citizens of the world should learn.