Best. Econ. Videos. Ever.

The first one of these can be found on their site, or on YouTube. It is funny and enlightening. This one, shown below, should be sent to your liberal and moderate friends far and wide.

  • WhoBeen

    A wise man once

    It is surely undeniable
    that, when a man engages in remunerative labor, the impelling reason and motive
    of his work is to obtain property, and thereafter to hold it as his very own. If
    one man hires out to another his strength or skill, he does so for the purpose
    of receiving in return what is necessary for the satisfaction of his needs; he
    therefore expressly intends to acquire a right full and real, not only to the
    remuneration, but also to the disposal of such remuneration, just as he pleases.
    Thus, if he lives sparingly, saves money, and, for greater security, invests his
    savings in land, the land, in such case, is only his wages under another form;
    and, consequently, a working man’s little estate thus purchased should be as
    completely at his full disposal as are the wages he receives for his labor. But
    it is precisely in such power of disposal that ownership obtains, whether the
    property consist of land or chattels.

    Socialists, therefore, by endeavoring to transfer the
    possessions of individuals to the community at large, strike at the interests of
    every wage-earner, since they would deprive him of the liberty of disposing of
    his wages, and thereby of all hope and possibility of increasing his resources
    and of bettering his condition in life. (circa 1891)

    Hayek followed this line of thought but the Keynesian folks knew if they could get control of the schools of higher education they could, over time, brainwash the students who could, over time, fill the political shoes of the Democratic-Socialist party…and they were right!