Tag: libertarian

The Real “Truth About the Economy:” Have Wages Stagnated?

The Real “Truth About the Economy:” Have Wages Stagnated?

In a recent video with over a million views, former labor secretary Robert Rice gives a three minute description of the truth about the economy. One of his key points is that, adjusting for inflation, most people’s wages have barely increased since 1980. Based on this claim, Rice argues several other controversial points about how …

5 Inequality Myths

5 Inequality Myths

ANTONY DAVIES: Myths about inequality. Myth number one. Profit and plunder are the same thing. Imagine a person who provides services to society. Maybe he mows lawns, or fixes cars, or paints houses, and in return for these services he provides to others, he asks for something in return, maybe some food, clothing and shelter. …

Business Cycles Explained: Keynesian Theory

Business Cycles Explained: Keynesian Theory

Simple way to think about the Keynesian model. Keynesian, New Keynesian. But let’s boil it down to essentials. Economic downturns are very often caused by a shortfall in aggregate demand. Aggregate demand you can think of very crudely as spending. So more formally, aggregate demand is consumption plus investment plus government spending. Think of that …

The Truth About The Olympics

The Truth About The Olympics

Hi everybody! It’s Stefan Molyneux from Freedomain Radio. Hope you’re doing well. Here are some interesting truths and facts about the Olympics. Did you know that originally the Olympics were conducted entirely in the nude, usually by fairly well-oiled young men who I guess were parading in front of Socrates and Plato, as perhaps tasty …

Happy Birthday, Adam Smith!

Happy Birthday, Adam Smith!

This founding father of modern economics gave us an entirely new understanding of how society works. His magnum opus, An Inquiry into the Nature and Causes of the Wealth of Nations, influenced thinkers as diverse as Thomas Jefferson, Alexander Hamilton, Karl Marx, John Maynard Keynes, and Milton Friedman. While he’s best known for concepts like …

Counter-Counter-Revolution | Guest: Matt Kibbe

Counter-Counter-Revolution | Guest: Matt Kibbe

– The moment we’ve all been waiting for, a dry run of the new Kibbe on Liberty has somehow nefariously leaked from the Kibbe on Liberty studios. And we’re going to beat the bootleggers. We releasing this thing, flaws and all, it’s crazy, there’s cats, there’s whiskey, but you know what? That’s the ethos. The …