Why Bad Economics Won't Go Away-Q&A

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Uploaded by on Jan 17, 2012

This recording is from the Q&A of a talk titled "Why Bad Economics Won't Go Away," delivered on December 1, 2011, at Hyatt Regency Hotel in Chicago. Yaron Brook, executive director of the Ayn Rand Institute, identifies the reasons people find the free-market idea so difficult to accept and why statist policies seem to make so much sense to them. He identifies why we have been losing this intellectual battle, and provides real solutions on how to make significant headway toward ending these bad economic policies, allowing us to achieve more freedom and prosperity.

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  • Yaron is right, there are some great YouTube channels with respected thinkers explaining economics - LibertyPen is the best one I've found, Adam Smith Institute is another good one. I've learned so much from them and I actually graduated in economics.

  • college is over-rated

  • Loved the Q & A part even more than the talk!

  • thanks for uploading 

  • Wow, I've never heard the Broken Window Fallacy (especially the "fallacy" part) explained quite so understandably, not even by Bastiat or Hazlitt.

  • Thank you for that knowledge, It was good and bad economics in a nutshell.

  • Yah, there are programming jobs, but what if you hate programming mobile devices?

  • We should be glad that the banks choose to sit on the money they've been gifted by the Fed's printing press. If that money got dumped into circulation, prices would skyrocket.

  • 10:20 - Yes, there is a value in "higher education," even at Harvard - absorb any facts you can, absorb the professor's vocabulary, absorb the science and mathematics, and then in the humanities courses learn in reverse. As Rand said: figure out WHY what you're being taught is wrong. And get the degree.

  • Dr Brook, could you recommend some “good schools”? I am a high school teacher have some really bright students whom I’d like to direct to schools other than the usual state universities.

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