Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem…
Military Keynesianism tries to create and save American jobs through gigantic defense spending, says “political martian” Dan Carlin. Watch the full interview
This is an immersive 360 video, so be sure to set the video quality to 2160s resolution for an optimum viewing experience US government debt is now bigger than the debt of any other government in human history. But does the size really matter? Join Professor Antony Davies as he explores the debt with this […]
This is an immersive 360 video, so be sure to set the video quality to 2160s resolution for an optimum viewing experience US government debt is now bigger than the debt of any other government in human history. But does the size really matter?
The Pentagon fails to keep track of its financial resources and expenditures in any meaningful way. For military contractor’s, profit and loss are determined not by the market, but by a firm’s ability to navigate politics. This leads to wasteful spending and delayed results, such as a F-35 Jet that’s still inferior to the F-16 […]
“Economics: How Big is the U.S. Debt?” presented by Learn Liberty. How do you feel the government should be spending or saving money? Let us know in the comments below.
Are The Greeks Villains If They Default On Their National Debt? Things are so complicated in Europe; you would think you need a Ph.D. in economics to keep track of what’s going on. But at least with this video, you don’t. Professor Garett Jones, Associate Professor of Economics at George Mason University, explains what will […]
Things are so complicated in Europe; you would think you need a PhD in economics to keep track of what’s going on. But at least with this video, you don’t. I’m Garret Jones I’m an Associate Professor of Economics at George Mason University. I’m going to try and boil it down to a ridiculously simple […]
It’s the Great American Taxing Game and you have chosen to tax luxury goods like yachts, fur coats, and expensive jewelry. Many people in the world today are suffering, but a small minority has plenty of money to spend on luxuries. It makes sense to tax these luxury items heavily and redistribute the wealth, right? […]
17 trillion is usually a number reserved for distances in outer space, water in the ocean, or sand in the desert. But it’s also how much this next generation is in the hole for as they become adults. Thanks to our parents and the officials they’ve elected, America is $17 trillion in debt. Despite the […]
What would you do to get rid of your debt? Would you sell your childhood toys, your blood, or ‘other’ fluids? That’s the question Tom has to answer. Overburdened with student loans, he has stopped making payments, and is now forced to dodge phone calls from snarky debt collectors. What can he do to escape […]
They have your name, your number, and your credit card records. Debt collectors have a funny way of tracking you down and can take people to court. What can we do? For Lee Campbell, he can rely on keg colleague and college professor Peter Jaworski to magically appear and teach him a few tricks to […]
Whatever kind of debt you owe, Learn Liberty Academy wants to help you relieve yourself of the burden. Engage in weekly webcasts, a discussion forum, and more — and you won’t owe a dime. In fact, we will be indebted to you for your participation!
It’s the Great American Taxing Game and you have chosen to tax cigarettes to be paid by cigarette suppliers. Who actually bears the burden of the tax? Because smokers are pretty unresponsive to price changes, they are most likely to pay. This is not necessarily a bad thing: smokers pay higher prices and the government […]
It’s the Great American Taxing Game and you have chosen to tax oil companies. So what happens if you increase these taxes? And, perhaps more importantly, who will pay these taxes? While you may think raising taxes on oil companies will hurt the profits of big oil barons, consumers are likely to bear the burden […]
Join the Great American Taxing Game with your host, Professor Art Carden. The question posed is who should be taxed. If you were a government official trying to raise revenue, would you choose to levy taxes on gas, on smokers, or on luxury goods? How would these taxes turn out? Prof. Carden explains that it […]
Many people have been talking about job creation lately, especially politicians. But is government the best creator of jobs? And is job creation the best thing for the economy? Professor Steve Horwitz explains that there is a difference between creating jobs and creating wealth. It would be easy to create millions of jobs overnight. For […]
People and organizations incur costs when they compete for money that is “given” away. For example, if a college offers a scholarship to the student who writes the best essay on a particular subject, students competing for the scholarship will spend time and resources to create their essays and submit their applications. Although the chosen […]
In an effort to help fix the deficit, many have advocated increasing taxes on America’s highest earners. The question becomes: is this a good way of increasing the amount of money that the government takes in? According to Professor Antony Davies, when the government raises taxes on top earners, the federal government actually collects less […]
In 2011, federal government spending significantly outweighed revenue. While the federal government spent $3.8 trillion, it collected only $2.2 trillion from various taxes, licenses, and fees. Professor Antony Davies breaks federal spending into five basic components. He further divides it into mandatory spending, which is an amount of spending automatically built into every budget by […]
After the housing bubble burst, both the Bush and Obama administrations turned to stimulus spending in an effort to improve U.S. economic growth. Stimulus spending is often justified by the thought that it is the government’s role to provide jobs in the economy. Yet the idea that the government can create jobs only looks at […]
In 2009, the government’s budget deficit was $1.5 trillion. Many have suggested raising taxes on the richest Americans to help offset the budget shortfall. Economics professor Antony Davies uses data to assess whether taxing the rich could possibly make up the difference. First, Professor Davies shows that the richest 5 percent of Americans already pay […]
A large part of your Social Security taxes goes towards a forced savings plan intended to provide Americans with money for retirement. Economics professor Antony Davies looks at the Social Security system, and discusses alternatives that may provide Americans with more retirement money and more financial security. To evaluate the merits of Social Security, Professor […]
People say the government has a debt problem. But what causes federal government debt? Deficits cause debt. Every time government spending is greater than the amount government collects in tax revenue, the government runs a deficit, which increases the debt. In this video, economics professor Antony Davies traces the root cause of government debt to […]