Joining host Dennis McCuistion, Thomas E. Woods, Jr. (Ludwig von Mises Institute) and Doug Casey (“The Casey Report”) focus their discussion on the credit crisis, free markets and limited government.
This video was made available by Dr. Woods, and is posted with permission from McCuistion TV. Copyrighted McCuistion Productions, Inc.
Bob Murphy presented this sample lecture from the Mises Academy‘s latest online Economic history course, “Anatomy of the Fed,” on 16 January 2011. PowerPoint slides are available for download here. Music by Kevin MacLeod.
In this talk from RSA Animate, Sir Ken Robinson lays out the link between 3 troubling trends: rising drop-out rates, schools’ dwindling stake in the arts, and ADHD. An important, timely talk for parents and teachers.
Sir Ken Robinson
Sir Ken Robinson, PhD is an internationally recognized leader in the development of education, creativity and innovation. He is also one of the world’s leading speakers with a profound impact on audiences everywhere. The videos of his famous 2006 and 2010 talks to the prestigious TED Conference have been seen by an estimated 200 million people in over 150 countries.
He works with governments in Europe, Asia and the USA, with international agencies, Fortune 500 companies and some of the world’s leading cultural organizations. In 1998, he led a national commission on creativity, education and the economy for the UK Government. All Our Futures: Creativity, Culture and Education (The Robinson Report) was published to wide acclaim in 1999. He was the central figure in developing a strategy for creative and economic development as part of the Peace Process in Northern Ireland, working with the ministers for training, education enterprise and culture. The resulting blueprint for change, Unlocking Creativity, was adopted by politicians of all parties and by business, education and cultural leaders across the Province. He was one of four international advisors to the Singapore Government for its strategy to become the creative hub of South East Asia.
For twelve years, he was professor of education at the University of Warwick in the UK and is now professor emeritus. He has received honorary degrees from the Rhode Island School of Design, Ringling College of Arts and Design, the Open University and the Central School of Speech and Drama, Birmingham City University and the Liverpool Institute for Performing Arts. He was been honored with the Athena Award of the Rhode Island School of Design for services to the arts and education; the Peabody Medal for contributions to the arts and culture in the United States, the LEGO Prize for international achievement in education, and the Benjamin Franklin Medal of the Royal Society of Arts for outstanding contributions to cultural relations between the United Kingdom and the United States. In 2005, he was named as one of Time/Fortune/CNN’s ‘Principal Voices’. In 2003, he received a knighthood from Queen Elizabeth II for his services to the arts. He speaks to audiences throughout the world on the creative challenges facing business and education in the new global economies.
His book The Element: How Finding Your Passion Changes Everything(Penguin/Viking 2009) is a New York Times best seller and has been translated into twenty-one languages. His latest book is a 10th anniversary edition of his classic work on creativity and innovation, Out of Our Minds: Learning to be Creative(Capstone/Wiley). Sir Ken was born in Liverpool, UK, as one of seven children. He is married to Therese (Lady) Robinson. They have two children, James and Kate, and now live in Los Angeles, California.
Archived from the live Mises.tv broadcast, this lecture by Robert Murphy was presented at the 2011 Mises University in Auburn, Alabama.
Robert Murphy
Robert Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, the Study Guide to “Man, Economy, and State with Power and Market”, the “Human Action” Study Guide, The Politically Incorrect Guide to the Great Depression and the New Deal and his newest book, Lessons for the Young Economist.
You can find his media, articles and full list of publications at mises.org.
1. The Power of the Market
Milton Friedman giving a speech when receiving his Nobel Prize in 1976
Milton Friedman was the twentieth century’s most prominent advocate of free markets. Born in 1912 to Jewish immigrants in New York City, he attended Rutgers University, where he earned his B.A. at the age of twenty. He went on to earn his M.A. from the University of Chicago in 1933 and his Ph.D. from Columbia University in 1946. In 1951 Friedman received the John Bates Clark Medal honoring economists under age forty for outstanding achievement. In 1976 he was awarded the Nobel Prize in economics for “his achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.” Before that time he had served as an adviser to President Richard Nixon and was president of the American Economic Association in 1967. After retiring from the University of Chicago in 1977, Friedman became a senior research fellow at the Hoover Institution at Stanford University.
“Milton Friedman.” The Concise Encyclopedia of Economics. 2008. Library of Economics and Liberty. 21 November 2011.
Should government provide law enforcement? Most would argue that government is absolutely necessary for law enforcement. Prof. Edward Stringham, however, argues that government may not even be necessary at all.
To come to this conclusion, Prof. Stringham asks a few important questions. First, if something is really important, does it logically follow that government should provide it? Second, are markets capable of providing law enforcement and security in the modern world? Third, how are disputes currently settled between people of different countries?
Looking at the first question, it doesn’t seem to be the case that important things must be provided by a government. For instance, think about food. Food is necessary for life, and yet, markets do an excellent job of providing food to consumers.
Even if you’re convinced that markets can provide important things, you may think law enforcement and security are a special case that markets are incapable of providing in a modern world. However, markets already enforce private rules and provide security. Disney World, Las Vegas, and malls all have private rules that are enforced by private security.
Accepting the arguments above, you may still be skeptical about market’s abilities to settle disputes between different systems of rules or law. This, in fact, was Ayn Rand’s primary reason for advocating a minimal state. Current interactions in the real world provide examples as to how markets resolve these disputes. Think about an international soccer game or international trade. In both instances, individuals are interacting across state boundaries, and are only subject to the jurisdiction of their own territory. In these situations, these individuals contract with the arbiters such as a soccer league or a private court to resolve disputes.
Credits: This lecture was delivered in 2009 at the Metropolitan State College of Denver School of Business, as part of the Exploring Economic Freedom Lecture Series, directed by Prof. Alexandre Padilla. This video was produced and directed by Scott Houck, and edited by Adrienne Christy. Video production provided by the Educational Technology Center at Metropolitan State College of Denver. Video used by LearnLiberty.org with permission.
This morning the Fraser Institute released its 2011 report on the Economic Freedom of North America. The report measures economic freedom within the Canadian provinces, the United States and Mexico.
This year’s report reveals a decline in economic freedom in the United States, hindering recovery from the recession. To explain the impact this decline has on our future, lead author of the report Professor Nathan Ashby states,
While some states fare better than others, Alberta, Canada has risen to the top of the list of most economically-free places in North America, ousting Delaware from its top spot.
To view individual state rankings and read more about the report, the Fraser Institute’s full report is available below as well as at www.freetheworld.com.
Via economicfreedom.org.
Time lapse sequences of photographs taken by the crew of expeditions 28 & 29 onboard the International Space Station from August to October, 2011, who to my knowledge shot these pictures at an altitude of around 350 km.
HD, refurbished, smoothed, retimed, denoised, deflickered, cut, etc.
All in all I tried to keep the looks of the material as original as possible,
avoided adjusting the colors and the like, since in my opinion the original
footage itself already has an almost surreal and aestethical visual nature.
| Shooting locations in order of appearance | |
| 1. | Aurora Borealis Pass over the United States at Night |
| 2. | Aurora Borealis and eastern United States at Night |
| 3. | Aurora Australis from Madagascar to southwest of Australia |
| 4. | Aurora Australis south of Australia |
| 5. | Northwest coast of United States to Central South America at Night |
| 6. | Aurora Australis from the Southern to the Northern Pacific Ocean |
| 7. | Halfway around the World |
| 8. | Night Pass over Central Africa and the Middle East |
| 9. | Evening Pass over the Sahara Desert and the Middle East |
| 10. | Pass over Canada and Central United States at Night |
| 11. | Pass over Southern California to Hudson Bay |
| 12. | Islands in the Philippine Sea at Night |
| 13. | Pass over Eastern Asia to Philippine Sea and Guam |
| 14. | Views of the Mideast at Night |
| 15. | Night Pass over Mediterranean Sea |
| 16. | Aurora Borealis and the United States at Night |
| 17. | Aurora Australis over Indian Ocean |
| 18. | Eastern Europe to Southeastern Asia at Night |
Music: Jan Jelinek | Do Dekor, faitiche back2001
w+p by Jan Jelinek, published by scape Publishing / Universal
Image Courtesy of the Image Science & Analysis Laboratory,
NASA Johnson Space Center, The Gateway to Astronaut Photography of Earth
Editing: Michael König
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At the Casey Research/Sprott Summit When Money Dies, Gordon Chang, a columnist for Forbes, spoke with Stefan Molyneux about the past, present and future of China.
The sold-out When Money Dies summit was a huge success, with attendees and participants alike receiving much to think about. If you missed it, you can still “be there,” via a full set of audio recordings. These are available now, in CD or MP3 format for your convenience.
Gordon Chang
Gordon G. Chang is the author of Nuclear Showdown: North Korea Takes On the World, released by Random House in January 2006. Showdown focuses on nuclear proliferation in general and the North Korean crisis in particular. His first book is The Coming Collapse of China (Random House, August 2001). He is a columnist at Forbes.com and The Daily.
He lived and worked in China and Hong Kong for almost two decades, most recently in Shanghai, as Counsel to the American law firm Paul Weiss and earlier in Hong Kong as Partner in the international law firm Baker & McKenzie.
His writings on China and North Korea have appeared in The New York Times, The Wall Street Journal, the Far Eastern Economic Review, the International Herald Tribune, Commentary, The Weekly Standard, National Review, and Barron’s.
He has spoken at Columbia, Cornell, Harvard, Penn, Princeton, Yale, and other universities and at The Brookings Institution, The Heritage Foundation, the Cato Institute, RAND, the American Enterprise Institute, the Council on Foreign Relations, and other institutions. He has given briefings at the National Intelligence Council, the Central Intelligence Agency, the State Department, and the Pentagon. He has also spoken before industry and investor groups including Bloomberg, Sanford Bernstein, Royal Bank of Scotland, and Credit Lyonnais Securities Asia. Chang has appeared before the House Committee on Foreign Affairs and the U.S.-China Economic and Security Review Commission.
He has appeared on CNN, Fox News Channel, Fox Business Network, CNBC, MSNBC, PBS, the BBC, and Bloomberg Television. He has appeared on The Daily Show with Jon Stewart.
Outside the United States he has spoken in Beijing, Shanghai, Taipei, Hong Kong, Seoul, Singapore, Tokyo, The Hague, London, Ottawa, Toronto, and Vancouver.
He has served two terms as a trustee of Cornell University.