Do minimum wage laws help low-skilled workers? No. Workers are thrown out of work if they cannot produce more than the minimum wage stipulates. If the minimum wage is $15/hour and a worker can only produce $13/hour worth of goods, they will not be hired since no profit-seeking employer would employ someone at a loss.
Why are some countries successful while others aren’t? Is it down to natural resources, colonialism, or can it be better explained by something else?
Ayn Rand, a celebrated author and philosopher, was one of the most influential thinkers of the 20th century. Known for her bestselling novels, such as The Fountainhead and Atlas Shrugged, Rand’s ideas have had a profound impact on the fields of politics, economics, and philosophy.
Capitalism can be viewed as an economic system that has been a driving force in many advanced economies, fostered growth and innovation, enabled people to lift themselves out of poverty, and greatly improved living standards. But it also has many staunch critics, who will argue that, regardless of outcomes or track records, it is a deeply harmful and exploitative system. So, to clear up any confusion, what really is capitalism, and what isn’t it?
The law of supply and demand is often misunderstood and misconstrued, and it has downstream effects for our understanding of economics. In this video, Learn Liberty Basics establishes supply and demand as ever-changing RELATIONSHIPS, not constants. We also lay out some of the early history of our idea of supply and demand. CHAPTERS 0:00 […]
Although now under siege, Hong Kong still shines as an example of what a well-built city-state can be. Its development should be used as an example and a guide toward realizing what is possible.
Using the Lincoln Park neighborhood of Chicago, discover the truth about the housing market. Expert Nolan Gray, California YIMBY Research Director and author of “Arbitrary Lines: How Zoning Broke the American City and How to Fix It,” guides us through the economics and incentives at play in the real estate industry. You might recognize him […]
Uncover how NIMBYism is driving the housing crisis, as residents use the power of the state to restrict development and reduce housing supply. Learn how this phenomenon is exacerbating affordability and accessibility issues for many individuals and families…
Social justice advocates argue that it is “society’s” duty to eliminate pain and inequality wherever and whenever it exists. What is interesting is that I have never met Mr. Society.
In this video, Part 2 of 2, Professor Davies answers some of the web’s most-Googled questions about economics. While these questions might seem basic, the answers are anything but. In fact, they get to the heart of not only economics but also touch on philosophy, politics, and sociology. ️🔥 CHECK OUT PART 1 ️🔥 ️For […]
In this video, Part 1 of 2, Professor Davies answers some of the web’s most-Googled questions about economics. While these questions might seem basic, the answers are anything but. In fact, they get to the heart of not only economics but also touch on philosophy, politics, and sociology. Be sure to subscribe and ring the […]
Are socialists “liars?” Depends on your definition — and whether they truly believe what they say. But this much is for sure: they tell and/or believe in lies. ️🔥 Watch Juan Carlos Hidalgo’s Last Video: WHY IS LATIN AMERICA SO CORRUPT – https://youtu.be/rFxQOB6HEcA ️🔥 Those lies, though, are persuasive to a lot of people. Once […]
If you went to high school in America, you were told a lot of things about the Great Depression. Those things were probably wrong. (And they were based on a poor or nonexistent understanding of economics.) Meet Prof. Davies in person! He will be at LibertyCon International in Miami on October 14-15. See the […]
Neoliberalism and libertarianism share many common principles despite meaning different things to different people. But what is neoliberalism in reality — and how does it relate to classical liberalism and libertarianism?
The past couple of decades may have suggested that China’s competent, authoritarian style of governance may be an alternative model for the world. However, the regime is now faced with the consequences of its actions with a slim off ramp to preserve progress and power at the same time.
Communism crippled the Soviet Union’s satellite states during the 20th century, but when the USSR fell, one country was quickest to move to capitalism: Poland. More than 30 years later, the results are in: Poland is outperforming its neighbors economically and socially. That much was evident in the way it has recovered from the global […]
Unfortunately, a free market is not something that appears overnight, so what do we say to those who do not have equal opportunities as things stand?
Brazil is a massive country with a TON of natural resources. So… Why isn’t Brazil Rich? It even has the most important resource: more than 200 million hard-working, innovative people.. Yet Brazil remains poor, especially relative to the United States and European powers. This video seeks to answer the obvious question: Why? There’s a clear […]
What lessons can we learn about the importance of property rights from examples such as rental cars and Brazil’s favelas?
Inflation is the word of the day; rates in the United States have hit 40-year highs, and seemingly everyone is feeling the pain — from the gas pump to the grocery store. But with growing media attention also comes bad or misleading information. To set the record straight, we brought in the heavy muscle: Learn […]
The Guardian once called neoliberalism “the ideology at the root of all our problems.” New York Magazine called neoliberalism “the left’s favorite insult of liberals.”
But does anyone really know what the word means — or know anything about its origins?
Should a bottle of water cost $1000? Since water is so important to … ya know, keep us alive … why is it so cheap? On the other hand, diamonds do nothing to sustain life. And yet, they often DO cost $1000 — or more. This paradox troubled economists for centuries, but one group is […]
When we think of terms such as capitalism, individualism, or selfishness, one name comes to mind: Ayn Rand. But what makes Rand so significant?
Those flying cars we’ve seen for years in sci-fi films and cartoons? Yeah — still waiting. But we DO have cars that run on electricity, and they’re a big improvement over gasoline for many car buyers and for the environment.
Why, then, is it so difficult and expensive to get one?
This video seeks to answer that question, but we’ll give you a hint: state and federal government power are being leveraged in a big way.