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
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
The defense budget is about to balloon again, but there’s no reason to assume we need more military spending.
Without substantive entitlement reform, it will be exceedingly difficult to address the country’s long-term fiscal problems, and it will only get harder if needed changes are delayed.
Tuesday night’s address to Congress by President Trump was devoid of detail on infrastructure investment. But in justifying his desire to harness $1 trillion of public and private funds for “new roads, bridges, tunnels, airports and railways”, the President used two lines of bad economic reasoning sadly all too prevalent in public debate on 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? 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 suppressed a 2015 study exposing $125 billion—yes, billion—in administrative waste, over a five year period, in order to protect its own budget from being slashed.
The F-35 fighter jet is the symbol of the corruption within the military-industrial complex and government waste. The Department of Defense first began developing it in 1994 in an attempt to create a fast, lightweight jet for multiple branches of the US army. However, the program has fallen far short of these goals, as reported […]
The opening ceremony for the 2016 Olympics, hosted in Rio de Janeiro will take place this Friday. The celebrations, however, are clouded by the problems that have pervaded Rio all summer, problems that have been highlighted by preparations for the Olympics. Several prominent athletes have declined to participate in the games over fears of the Zika […]
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 […]
Will perpetual U.S. involvement in foreign wars ever end? Not if those who comprise the Military Industrial Complex have anything to say about it. This complex, originally coined by President Dwight D. Eisenhower, is defined as the close relationship among military leaders, government legislators, bureaucrats, and private contractors, all of whom have a massive stake […]
Elon Musk’s hyperloop project seems well on its way from vision to reality. For a little bit of context: Billionaire Elon Musk began designing the hyperloop out of frustration with the California High Speed Rail System, which is still under development but is promising to be one of the slowest, most expensive bullet trains in the […]
We all know government debt is bad for the young. But it’s also bad for the poor. Hurting the Kids to Help the Elderly The well-known political philosopher Loren Lomasky recently reminded us of why debt is bad for the young. We might be able to justify spending now, and borrowing to finance the spending, […]
“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 […]