Throughout the history of the world, the average person on earth has been extremely poor: subsisting on the modern equivalent of $3 per day. This was true until 1800, at which point average wages—and standards of living—began to rise dramatically. Prof. Deirdre McCloskey explains how this tremendous increase in wealth came about. In the past 30 years alone, the number of people in the world living on less than $3 per day has been halved. The cause of the economic growth we have witnessed in the past 200 years may surprise you. It’s not exploitation, or investment. Innovation—new ideas, new inventions, materials, machinery, organizational structures—has fueled this economic boom. Prof. McCloskey explains how changes in Holland and England in the 1600s and 1700s opened the door for innovation to take off—starting the growth that continues to benefit us today.

via Why Does 1% of History Have 99% of the Wealth? | Learn Liberty – YouTube.

Another lie is the bailout of the insurance companies. The way it is being played is for the populace to be against it so that the dhimmicretina can say “the people don’t want it”. Then they can refuse to honor their commitment and bankrupt the insurance companies so there will be no alternatives to government run plans. Of course the death of the insurance companies will hurt a lot of 401(k) plans and move employees to be government union members.

http://FixItFail.com

The same people said you can keep your plan are saying they’ll fix Obamacare. They won’t.

via #FixItFail: Just Another Obamacare Lie – YouTube.

Author Sara Carter joins Andrew Wilkow to discuss Obama’s alarming purge of top military commanders.

 

Who, or what, is behind the “purge” of top-level U.S. military officers during the Obama administration, with estimates of the number of senior officers fired during the last five years edging toward 200.

According to Retired Army Maj. Gen. Paul E. Vallely, formerly the deputy commanding general of the Pacific Command, who has served as a Fox News senior military analyst , a good part of the blame belongs to Obama’s close adviser, Valerie Jarrett. Rampant “political correctness” due to her influence is now permeating the military and negatively affecting everyone from top generals to the ranks of the enlisted.

via U.S. General: Obama’s Military Purge ‘Criminal And Treasonous’ – YouTube.

 

Milwaukee, Wisconsin State Representative and Democrat candidate for Governor Brett Hulsey told reporters last week that he was going to hand out KKK hoods at the Republican State Convention, which took place last weekend. After major backlash, he instead decided to wear a homemade confederate uniform and talk to GOP members about what he called their racist agenda. This new video shows Hulsey’s interaction with one convention attendee.

via Democrat Candidate for Governor Hulsey Confronted by Black Republican for Calling GOP Racist – YouTube.

 

As technological developments increased farm yields over the last two centuries, the share of the US population employed in agriculture fell from around 90 percent to around 2 percent.

The lay American public supposes that when workers lose their jobs, we become worse off — they suffer from what economist Bryan Caplan calls the ‘make-work’ bias. But would anyone prefer to live in a society in which many went hungry and no one enjoyed the wealth, financial security, job growth, and innovation created as all those workers lost their farm jobs?

Follow Caplan, author of The Myth of the Rational Voter, as he explains the gap between the public’s opinion and the economist’s facts. In this video, Caplan talks about the merits and demerits of ‘making work’ – instead of letting individuals find work.

► Learn More:

Frederic Bastiat contends that to aim to increase the proportion of effort to output is to imitate Sisyphus in his hopeless attempt to move a stone up a hill:

http://mises.org/daily/6157/Industry-…

Daniel J. Mitchell explains the fallacy that government creates jobs:

http://www.cato.org/publications/comm…

► For resources, transcripts, videos, and more visit: http://www.learnliberty.org/videos/ma…

http://LearnLiberty.org

http://twitter.com/LearnLiberty

http://google.com/+LearnLiberty

http://facebook.com/LearnLiberty

http://youtube.com/user/LearnLiberty

via Make Progress, Not Work | Econ Chronicles | Learn Liberty – YouTube.

 

“This government—our government—is worse than the apartheid government.”—Archbishop Desmond Tutu, winner of the 1994 Nobel Peace Prize.

South African voters are headed to the polls this week for the fourth national election since 1994, when Nelson Mandela was elected president after the end of the apartheid regime.

Their country represents epic history in our lifetimes. After a decades-long struggle against brutal, state-run racial segregation, the black liberation movement emerged victorious in the early 1990s. Led by the transcendent figure of Mandela, South Africa swiftly dismantled the apartheid apparatus and, defying dour predictions of a bloody race war, peacefully transitioned to majority rule. Mandela’s government ushered in pluralistic democracy on a continent long-defined by colonialism and autocracy. State officials established remarkably robust constitutional protections for individual rights.

Black South Africans would finally be afforded the economic and social opportunities they’d been denied for so long.

Or so everyone had hoped.

Two decades later, Mandela’s promise of renewal has largely gone unfulfilled as Mandela’s party, the African National Congress (ANC) has maintained its huge electoral majority. The beautiful dream animating the South African experiment is crumbling amidst ongoing corruption, violence, and failed economic policies. As Nobel Peace Prize recipient Desmond Tutu has said of the current regime, “This government—our government—is worse than the apartheid government.”

“Life After Liberation,” directed and hosted by Rob Montz, details the role played by political monopoly in South Africa’s post-apartheid decline. The documentary shows how the ANC has grown corrupt and complacent—and how widespread resentment of the ruling political class is now fueling the rise of a populist demagogue, Julius Malema of the Economic Freedom Fighters, who is pushing precisely the sort of Mugabeist socialist policies that have ruined so many other African countries.

via Life After Liberation: Triumph and Tragedy in South Africa – YouTube.

“If we knew everything then that we know now, one week after it happened, I think that would have been really devastating to [Obama’s reelection] campaign,” says former CBS reporter, Sharyl Attkisson, referencing the 2012 Benghazi terrorists attacks. Recently revealed White House emails suggest that the Obama administration may have attempted to mislead the American public by placing the blame on an Internet video and not Islamic terrorists, which would have raised questions about Obama’s foreign policy strategy.

Attkisson, an award winning investigative reporter, was one of the few journalists who continued pursuing the Benghazi story long after many in the main stream media lost interest. According to Attkisson, her bosses at CBS wanted her to drop the story. As a result, she left CBS, her employer for two decades, this past March over what she claims is “liberal bias” at the network and a lack of serious devotion to investigative reporting.

She goes on to say that many in her field are frustrated by the decline of hard-hitting investigative reporting endemic at all networks and not just CBS. The congealing of corporate, news, and political interests at networks have made investigative journalism a relic of the past.

“As one whistleblower put it to me: things have never been worse for people who try to speak the truth inside the government about illegalities and wrong doing. In their view, and I tend to agree, every administration is more clamped down and closed than the one before it. And the next one starts at the finishing point. It’s very hard to make it go backwards. There are rules being implemented now against journalists and the type of work that we do that I think will be very hard to unwind.”

Attkisson sat down with Reason TV’s Nick Gillespie to discuss her reporting on Benghazi, Fast and Furious, and the decline of investigative journalism in America.

via Former CBS reporter Sharyl Attkisson: Emails Reveal White House Hid Truths About Benghazi Attack – YouTube.