I’ve complained endlessly that America’s fiscal problem is too much spending, and that deficits and debt are best understood as symptoms of that underlying disease.
So I’m obviously a big fan of this new video from the folks at Learn Liberty.
I like how they use several types of measurements to show that there’s plenty of tax revenue. Indeed, the best line, near the end of the video, is when the narrator points out that higher taxes will simply exacerbate the spending problem (as I have noted).
Two final items. First, the folks from the Institute for Humane Studies have a bunch of great videos as part of the Learn Liberty series. I’ve already highlighted the one on free trade vs. protectionism, and I include eight challenging questions for those who think it is a good idea to give politicians and bureaucrats power to interfere with our freedom of exchange.
Second, the video in this post focuses solely on the math question, for lack of a better term. If you want some economic analysis of the consequences of big government, here’s a link to a post with my videos that analyze that issue.
[…] I’m a big fan of the Learn Liberty videos on the Great Depression, central banking, government spending, and the Drug War. And the videos on myths of capitalism, the miracle of modern prosperity, and the […]
[…] And I’m a big fan of the Learn Liberty videos on the Great Depression,central banking, government spending, and the Drug War. And the videos on myths of capitalism, the miracle of modern prosperity, and […]
[…] And I’m a big fan of the Learn Liberty videos on the Great Depression, central banking, government spending, and the Drug War. And the videos on myths of capitalism, the miracle of modern prosperity, and the […]
[…] And I’m a big fan of the Learn Liberty videos on the Great Depression, central banking, government spending, and the Drug War. And the videos on myths of capitalism, the miracle of modern prosperity, and the […]
[…] Examining how excessive federal spending is America’s real fiscal problem. […]
[…] P.P.S. I highly recommend the Learn Liberty videos. Here’s one on protectionism, one on the legality of Obamacare, and here’s another about how excessive federal spending is America’s real fiscal problem. […]
[…] Examining how excessive federal spending is America’s real fiscal problem. […]
[…] Examining how excessive federal spending is America’s real fiscal problem. […]
[…] P.P.S. I highly recommend the Learn Liberty videos. Here’s one on protectionism, one on the legality of Obamacare, and here’s another about how excessive federal spending is America’s real fiscal problem. […]
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[…] P.S. The Learn Liberty videos are superb. Here’s one on protectionism and here’s another about how excessive federal spending is America’s real fiscal problem. […]
I agree, great video, great point. The only thing I find more alarming than how much government has grown over the last century is how many people seem totally unaware of that trajectory.
The question is, how do we make the politicians stop spending so much?
Have you heard about the Balanced Budget Pledge?
It’s a way to try to force our politicians to take the deficit seriously and pass a balanced-budget amendment. If enough of us take the pledge, I think we can really make it happen. If you agree, help spread the word!
People can publicly take their stand here:
http://www.wedemandabalancedbudget.com/
More about this, how it works, and why we need it here: