Final Countdown to Government Shutdown!

The following video contains shocking scenes of the dire consequences of a federal government shutdown.

Viewer discretion is advised.

Produced by Meredith Bragg and Nick Gillespie. Written by Gillespie. Go to http://reason.tv for downloadable versions and subscribe to our YouTube Channel to receive automatic notifications when new material goes live.

Category:

News & Politics

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• reason.com
• reason.tv
• reason.org
• reason magazine
• reason foundation
• shutdown
• government shutdown
• barack obama
• john boehner
• congress
• federal shutdown

[Djarms67]

So let get this straight the Government shuts down and they still have wars, social security and the tsa. Why are we even calling this a government shut if they if this monstrousity are still running.

[Frettsy]

4 people hate America.

[levishort36]

This video went viral on Taiwan

[felpaluche]

This is an overstatement.

[davedavedaveannoy1]

Wait right there, I will go out and buy the finest drink money can bring then we can all sit down and enjoy the end to Statism and idiocy that controls our lives. *Raises soon to be filled glass into the air* TO THE INDIVIDUAL!

[xcircaxriderx]

America....FUCK YEAH!! lol

[ronpaulkid]

@jbm8312 lol, i guarantee im older than you. don't let the "kid" fool you

[CurtHowland]

@successfulbuild "If I increase production, I would also have to increase prices as well, ceteris paribus."

Nope.

Fact is, the more of something produced, the less demand there is for each unit. I am less hungry for the 20th chicken nugget than I was for the 1st or 2nd. And at some point, I am not going to want another chicken nugget at all.

The law of marginal utility: Each unit of a good is worth only as much as ANY unit of that good is.

Price generally must cover costs, true. But that's it.

[BudDickman]

I can hear the words to this song perfectly in my head.

[successfulbuild]

We often see the supply and demand excuse with oil - too high a price will lead to alternatives. However, we only used about 400 billion barrels of oil from 1970 - 2000. But there are literally about a trillion barrels of known oil reserves. In fact reserves have actually been growing, by about 100 billion barrels since 2001, and by about 14% over the last decade. At a constant rate of 2% of consumption there will be enough oil left after most of us die, but long enough to do serious damage.

[successfulbuild]

With new discoveries, it will last at decent prices even longer. There is plenty of oil in Venezuela (get gas at 7-11), Russia, and so on. Shortages are scare tactics used by corporate industries and the Mercatus Center to justify jacking up prices. Energy is ultimately a political matter, the govt spends billions to protect reserves, and that is why we must invest in new technologies ASAP instead of relying on market forecasts and the short-sightedness of the "invisible hand."