LIBERTARIAN RON PAUL kicks a CORPORATIST’s ASS on ECONOMICS
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More free lessons at: http://www.khanacademy.org/video?v=8JYP_wU1JTU Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith.
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Read Krugman’s article “On the Uselessness of Debates.” In it, he points
out that EVERYTHING RON PAUL SAID ABOUT GROWTH AFTER WW2 WAS FALSE. He also
points out that all Ron Paul does is growl about “theft.” Ron Paul is an
idiot who knows NOTHING about economics; he has no education. Krugman is a
Nobel Prize-winning economist with a Ph.D.
Gold doesn’t grow in value. It’s a hedge over inflation but it’s not a
good investment to grow an economy because it’s a finite resource, unlike
currency which can be created. Currency’s value grows from the work/effort
of the population , the fed isn’t the one lowering the value of the
currency, it’s the use of the money that determines the value. Using the
currency to export work instead of importing it is what lowers the value of
the currency.
Taxing corporations is another way of insuring economic growth because
it allows a bigger pool for improving the infrastructure for all, including
the corporations that use the infrastructure to conduct the day to day
business and allowing treasury to adjust interests allows for a control of
expansion, making sure the foundation is solid before applying the
pressures of the free market. Regulations help keep the people playing by
the same rules and deregulation only helps the people with the money to put
it over the little guy.
Really, because from where I’m standing, all Ron Paul does is yell louder
when confronted with facts that contradict his utterly childish
understanding of how money works in our economy. It makes me sick that
people would actually believe someone with literally NO economic
credentials over a nobel-prize winning, ivy league professor with a PhD.
You guys think that guy is a corporatist? Lol Gullible people.
Also, Ron Paul is wrong about the Golden Age of Economic expansion too.
It is simple math. If the federal reserve prints 100% of the money, then
loans 100% of the money at interest; then America will owe more money than
actually exists.
it is mathematically IMPOSSIBLE for us to pay our debt as long as we rely
on Keynesian economics
America had the chance to vote Ron Paul as their President several times
and they laughed at him and called him crazy. Very sad.
Can we please have another election right now and vote Ron Paul in? I only
get frustrated when I watch his videos because I can only dream about how
prosperous America could be if he were in charge.
You can see the fear pouring from Krugman’s face from moment one. Look at
00:20, it’s predator vs prey.
Krugman is so utterly clueless/solidly communist. love how he keeps
looking to the hosts to ‘bail’ him ‘out’.
Would love to see krugman grow some more balls and take on Schiff.
Ron Paul gives me liberty wood.
Ron Paul not only does not understand modern economics but he also does not
know history. What a shame that people revere him so much. and what a shame
that the title is calling Paul Krugman, one of the biggest advocates for
wall street regulation, an effin corporatist. Ignorance is bliss i guesss.
Real Doctor Paul vs paper PhD Paul. Microcosm for their arguments based on
reality vs. utopian dream, respectively.
Bitcoin!!!!!
Stanford biologist Paul Ehrlich reminds us that academicians of the social
science, “economics” are last ones that still believe in the tooth fairy.
Namely, there are no limits to anything…that includes both world
population and printing money.
WHY IS HE NOT A PRESIDENT!
THE BANKERS THATS WHY
How do we know if our debt is $17 Trillion? The Federal Reserve is
independent. The GAO cannot audit the Fed. Independent auditors cannot
audit the Fed. Congress cannot issue resolutions on the Fed. So, how do we
know what the economic conditions of this country really are?
Mr. Ron Paul, I agree with you… totally… with everything you say. May
your bloodline continue. And in the future, may you be voted as president.
The Paul on the right just killed himself in less than 3.30 in. He seems to
know what caused the great depression. LOL
The Federal reserve has never been audited and every time the topic arises
they wiggle out of it. Corrupt !!!!
Government has no say in monetary issues, because Bankers own the U.S.!
Hahaha, after WWII, Krugman? that was a period of free-market economics, we
saw huge cuts in spending and the opposite Keynesian economics to great
success. Krugman is a paid goon to spew the Global Agenda rhetoric.
all of these dumb skank journalists are the same,they think if they
interrupt ron paul a million times and force their massive egos on him
somehow in their minds they believe “hey,i’m smarter than ron paul,now
people will finally respect me”
Krugman says he believes in capitalism.
But then advocates price fixing.
What an utter moron.
So… who here actually knows what “Corporatism” is? Anybody? Shame.
Very good video Khan Academy. Thank you for posting.
Basic introduction to what #microeconomics and #macroeconomics study. A bit
on Adam Smith. #Economics
+Khan Academy is only on the Internet, but on +YouTube too.
Kahn this quote makes me smile. How many economic teachers would ever
mention something like this? And yet it’s so obvious by many great
inventors; Henry Ford, Albert Einstein, etc.
I just finished Volume 1 of Wealth of Nations and I was quite surprised to
find it so humane. Smith shows constant concern for the plight of the poor,
and bravely for the time he lived in, takes serious shots at the ruling
elite. These days we hear a lot about the negative effects of government
interference and this is another topic Smith addresses often; but
frequently he criticises the manner in which laws are made to favour the
rich and oppress the workers. Here are a few examples I noted down:
“Our merchants and master manufacturers complain much of the bad effects of
high wages in raising the price, and thereby lessening the sale of their
goods, both at home and abroad. They say nothing concerning the bad effects
of high profits; they are silent with regards the pernicious effects of
their own gains; they complain only of those of other people.”
“The interest of the dealers, however, in any particular branch of trade or
manufactures, is always in some respects different from, and even opposite
to, that of the public… The proposal of any new law or regulation of
commerce which comes from this order, ought always to be listened to with
great precaution, and ought never to be adopted till after having been long
and carefully examined, not only with the most scrupulous, but with the
most suspicious attention. It comes from an order of men, whose interest is
never exactly the same with that of the public, who have generally an
interest to deceive and even to oppress the public, and who accordingly
have, upon many occasions, both deceived and oppressed it.”
“All for ourselves, and nothing for other people, seems in every age of the
world, to have been the vile maxim of the masters of mankind.”
I think Adam Smith has been grossly misrepresented by certain people in
recent times, but his concern for the public and criticism of abuses by the
wealthy seems as relevant today as in 1776.
just learning some economics. really likes this video I think I’ll stick
with this channel for a little while.
god i hate school
E
Thanks for the vid. Very informative
While I respect a lot of Adam Smith’s major points, I would probably lean
more to a Keynesian approach especially looking at the nature of today’s
economy and market as a whole. A little government involvement in “good”
economic times can be a good thing. Pure competition will ultimately lead
to inefficiencies and economic collapse
The 2nd video to this introductory lesson
just learning some economics. really likes this video I think I’ll stick
with this channel for a little while.
…maybe because we don’t have “true capitalism”. I don’t know what would
work, and neither to you by the looks of it but at least I’m not delusional
and I think everything is perfect.
invisible hand is not capitalism !!!
And finally: The market-self-regulation-mumbo-jumbo you dream about does
simply not work, otherwise we would live in a fairer world. Period. And now
I’ll leave for vacation.
These videos are amazing!
“subjective self-interest.” That can be no “proof”, because that term is so
vague, it doesn´t actually say anything specific.
more videos about economy please! love economics! and also.love Adam Smith!
he is such a intelligent person to think those stuff around those time!nk
You must learn of economics to see how and why you get screwed by companies
I define “exploitation” as “the usage of a person’s work capacity to gain
profit while not paying the respective person a) a wage sufficient to
realize his human rights in the country he is residing in or b) a wage
above a) but not adequate to the amount & importance of the work”. And
since I have been to China twice, I must admit that the working conditions
at the local fabrics are exploitative and therefore unbearable. The same
problem exists in South Asia. One cannot deny this.
Die.
Praxeology and free-market economics please?! A reference: Ludvig von
Mises’ HUMAN ACTION
What do we have?
(Basic) microeconomic theory doesn’t make predictions based on observation.
It starts with a very simple model of how economic actors behave and then
explores the mathematical consequences of these assumptions. It turns out
that these assumptions are reasonable enough that the predictions happen to
agree with the observation some of the time. (cont)