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The Free Market vs.Government Intervention: An Economic Panel Discussion

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Uploaded by on Nov 26, 2011

The Slippery Rock University Young Americans for Liberty hosted an Economic Panel Discussion on the topic, "The Free Market vs. Government Intervention."It was located in the ATS Auditorium on Slippery Rock's campus. The event was organized to educate students and the community on the less-known Austrian School of economics and to answer tough questions on tuition and healthcare costs, inflation, bailouts, the stimulus, the Federal Reserve, the 2008 crises, and taxes. Brandon Cestrone, the President of the SRU Young Americans for Liberty, moderated the panel discussion.

Two professors from Grove City visited Slippery Rock to defend the free market and explain why government regulations cause distortions within market. The two professors from Slippery Rock argued government intervention is needed within the economy to prevent reckless behavior. The two participating professors from Grove City College were Dr. Jeffrey Herbener and Dr. Shawn Ritenour. Dr. Herbener is a senior fellow of the Ludwig von Mises Institute in Auburn, Alabama and also a Professor of Economics at Grove City College. Dr. Ritenour is a Professor of Economics at Grove City College and adjunct scholar at the Ludwig von Mises Institute.

Dr. David Culp and Dr. Frederick Tannery are the participating professors from Slippery Rock University. Dr. Tannery is the Associate Professor of Business at Slippery Rock University and the Faculty Advisor to the Economics Honor Society. Dr. Culp is the chairman of the Slippery Rock University School of Business, which sponsored the panel discussion. Dr. Culp has been a past president of the Pennsylvania Economic Association and has been teaching economics at Slippery Rock University for 34 years.

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  • What's wrong with having distortions in the market. If my government makes it difficult for my company to sack me that is a good thing. Why should I get the sack just because, say, my company would sooner employ someone much younger who they can then force lower wages on. As you can see, my government increases my liberty and freedom which means I can get real cocky.  I also like welfare and state healthcare too, as this frees from so much worry and unnecessary concern. Governments are great!

  • Wish the sound was better. Is there some filter that this could go through to reduce the echo & reverberation?

  • 34 years? Time to retire Culp.

  • Austrian School dominates again!

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