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Books
Meltdown (Woods Jr.) – http://www.amazon.com/Meltdown-Free-Market-Collapsed-Government-Bailouts/dp/1596985879
The Mystery of Banking (Rothbard) – http://mises.org/Books/mysteryofbanking.pdf
The Case Against the Fed (Rothbard) – http://mises.org/books/fed.pdf
A History of Money & Banking in the United States (Rothbard) – http://mises.org/books/historyofmoney.pdf
The New Empire of Debt (Bonner) – http://www.amazon.com/New-Empire-Debt-Financial-Bubble/dp/0470483261

Videos
Peter Schiff Was Right (Schiff) – http://www.youtube.com/watch?v=2I0QN-FYkpw
Schiff/Epstein debate (Austrian vs Keynesian) – http://www.youtube.com/user/schiffreport?blend=3&ob=4#p/c/3FBA79932EC17518/28/zM23TZxzOw8
Why College is so Expensive (Schiff) – http://www.youtube.com/user/schiffreport?blend=3&ob=4#p/c/3FBA79932EC17518/16/DteBlI2eihA
Crash Course Chapter 16 – Fuzzy Numbers (Martenson) – http://www.youtube.com/user/ChrisMartensondotcom#p/u/27/zPkTItOXuN0
Crash Course Chapter 3 – Exponential Growth (Martenson) – http://www.youtube.com/user/ChrisMartensondotcom#p/u/37/EXd66gP53fk
Understanding the Exponential Function (Part 1 of – http://www.youtube.com/watch?v=F-QA2rkpBSY

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Ben calls on the Campus planning department to go back to the drawing board and to come back and inspire us.

Ben is now running to be the Metro Vancouver Director for Electoral Area A.

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Behind the cloak of idealism used by the environmental lobby is a toxic, power-seeking agenda. This video unearths the lobby’s real goal, which is to eliminate private property ownership altogether. Filmed in 1995 and produced by Voice of Free America.

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COPYRIGHT NOTICE: Video uploaded for nonprofit, educational purposes only under the “fair use” provision of U.S. Code, Title 17, section 107. http://www4.law.cornell.edu/uscode/17/107.html

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Behind the cloak of idealism used by the environmental lobby is a toxic, power-seeking agenda. This video unearths the lobby’s real goal, which is to eliminate private property ownership altogether. Filmed in 1995 and produced by Voice of Free America.

* * * * *

COPYRIGHT NOTICE: Video uploaded for nonprofit, educational purposes only under the “fair use” provision of U.S. Code, Title 17, section 107. http://www4.law.cornell.edu/uscode/17/107.html

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In which a man with an exceptionally creepy mustache explains why both tax cuts and government spending may or may not stimulate the economy, depending on who the tax cuts go to and what the government spends money on.

Note: This video is part of a series which debunks myths pertinent to laissez-faire capitalism. Many points not addressed in this video can be found at the above link.

Myth: Tax cuts stimulate the economy; government spending does the opposite.

Overall, the evidence is not consistent with the belief that the level of taxes or government spending has a large effect on economic growth. There is no clear link between periods of low taxes and high growth. The strongest period of growth in U.S. history was the 1960s—when the top marginal rate was 70 percent or higher. More recently, economic growth in the 1990s was quite strong, despite the 1993 increase of the top marginal tax rate from 31 percent to 39.6 percent. In addition, after-tax income gains have been significantly larger among the top five percent of tax filers—the only group affected by the increase in marginal tax rates in the 1990s—than among the rest of the population. More detailed economic research also finds no evidence that countries with lower tax rates or higher levels of government spending experience stronger economic growth.[Source]

Neither government spending nor tax cuts necessarily stimulate the economy. Indeed, some kinds of government spending—such as that which essentially distributes money to powerful corporations—almost certainly will not help create an economic boost. This is the kind of spending that occurs when corporate power, acting through government, is inadequately checked. Any reasonable person would have a problem with this; it certainly qualifies as waste, and libertarians and progressives should be working together against it. However, there is plenty of evidence to suggest that government spending on other kinds of things (to name just a few examples, mass transit and freight rail, “smart” electrical grid transmission systems, and wind and solar power) can and does stimulate the economy:

Nobel laureate Joseph Stiglitz and now-CBO director Peter Orszag wrote in late 2001, Basic economic analysis indicates that increased government expenditures can indeed be stimulative, and, in fact, are often more effective as stimulus measures than tax cuts. Similarly, two senior Federal Reserve economists found in 2002 that increases in government spending tend to have a greater stimulative effect than tax cuts that have the same cost, because more of the increase in government spending will translate quickly into an increase in total spending in the economy, while a substantial part of a tax cut will generally be saved.[Source]

This only stands to reason. Individual spending on productive ends stimulates the economy, and there is nothing magical about the process of individual spending on productive ends that makes it fundamentally different from government spending on productive ends. Further, when it comes to whether tax cuts to the rich or to the poor are more likely to improve economic prospects in general, the answer is pretty obvious. If spending stimulates the economy and wealthy people are more likely to save and invest their money than poorer people, tax cuts to poorer people will clearly be of greater advantage to the economy than those to wealthier people.

…for the rest of this video’s text, see http://beingism.org/community/?q=node/13

http://Beingism.org

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