The Invisible Foot of Government

"Greedy capitalists get money by trade. Good liberals steal it." - David Friedman

In case you missed it last week: Democracy vs Special Interest - how are political decisions really made? How do special interest groups work? How does public policy work and is lobbying the only thing that matters? Watch our YouTube video for more! buff.ly/2YOzwVG

"Mankind is not likely to salvage civilization unless he can evolve a system of good and evil which is independent of heaven and hell." - George Orwell

FROM THE ARCHIVES: Big Business vs Innovation Big business is not against innovation, innovation just happens to fall victim to their urge to protect themselves from new competitors. Check out our old YouTube video to know more! buff.ly/2XcVCkf

“A policy of freedom for the individual is the only truly progressive policy” -Friedrich Hayek

A GREAT THROWBACK: Welcome to the Invisible Foot of Government! A short and sweet video on what our channel is about, who we are and what our channel name means? Our old YouTube video has all the answers! buff.ly/2WKTwXo

"When government - in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player." - Milton Friedman

"Journalism is printing what someone else does not want printed. Everything else is public relations." - George Orwell

A Flashback: Adam Smith's Chapter 5! Adam Smith tries to understand what value means! He also tries to figure out how to be scientific when you don't have good data. Support us and watch our Adam Smith videos when your subscribe to us on Patreon! buff.ly/2sXU6o

“I have never known much good done by those who affected to trade for the public good.” - Milton Friedman

In case you missed it: Democracy vs Special Interest - how are political decisions really made? How exactly do special interest groups work? How does public policy work and is lobbying the only thing that matters? Watch our YouTube video to know more! buff.ly/2YOzwVG

"Politics is the conspiracy of the unproductive but organized against the productive but unorganized." - Joseph Sobran

"He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it... he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." - Adam Smith

NEW VIDEO: Democracy vs Special Interest - how are political decisions really made? How exactly do special interest groups work? Is it because it's easy for them to coordinate? And is that how public policy works? Watch our YouTube video to know more! buff.ly/2YOzwVG

NEW VIDEO: Adam Smith's Chapter 5 bonus! All about the quirks of metal coin money and how complicated it gets to understand its value. Check out our video on Patreon! link

"The state in which the rulers are most reluctant to govern is always the best and most quietly governed, and the State in which they are most eager, the worst." - Thomas Sowell

"The right to be left alone is indeed the beginning of all freedoms." - Supreme Court Justice William O. Douglas

In case you missed it: The Definitions of Efficiency Efficiency can be defined in numerous ways, but which one actually works? Is it Alfred Marshall's or Vilfredo Pareto's definition or something entirely different? Check out our video to know! buff.ly/2VVPQlg

"Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence." - Adam Smith

REMEMBER THIS?: How to Grow Cars Do you know how to make a car? It's pretty complex, right? But did you know that it's possible to grow cars? What? You don't believe me? Yes, economics makes it possible! Check out our video from last year on this topic! buff.ly/2TiwTHG