10.25.2010

Wheat, Weed, and ObamaCare: How the Commerce Clause Made Congress All-Powerful

via Reason TV



From the YouTube description:
    The Commerce Clause of the U.S. Constitution grants Congress the power to "regulate commerce . . . among the several States," and for more than 100 years federal lawmakers invoked it for a very narrow purpose—to prevent states from imposing trade barriers on each other. But today members of Congress act as if it gives them the authority to do just about anything—including forcing you to eat your vegetables.
     During her Supreme Court confirmation hearings, Elena Kagan seemed to accept that the Commerce Clause could, in theory, give Congress the power to dictate what Americans eat. And what about ObamaCare's "individual mandate," which forces Americans to purchase health insurance? ObamaCare opponents are lining up to challenge its constitutionality, but supporters say it's justified—you guessed it—under the Commerce Clause.
     How did a clause intended as a restriction on states wind up giving Congress a green light to regulate noncommercial, local, and purely private behavior? How will ObamaCare stand up against the legal challenges brought by the states? Legal titans John Eastman (Chapman University Law Professor) and Erwin Chemerinsky (Founding Dean, University of California, Irvine School of Law) slug it out to to determine whether or not Congress has been abusing the commerce clause.


Produced by Austin Bragg. Approximately 10 minutes.

Prop 19: Should Californians legalize marijuana?

via Reason TV



From the YouTube description:
On November 2, 2010, California voters will decide whether or not to legalize marijuana.


If passed, Proposition 19 would control marijuana like alcohol, allowing adults 21 years of age and over to possess up to an ounce of pot for personal consumption and grow marijuana at a private residence in a space of up to 25 square feet. The initiative would also allow local governments to tax and regulate the commercial cultivation, transport, and sale of marijuana.


In order to get a handle on the debate surrounding. Prop 19, we spoke to both supporters and opponents of the initiative. So what do you think? Should Californians legalize marijuana?


Approximately 6 minutes. Produced by Paul Feine and Alex Manning.


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Keynesianism Part I - It's All About Spending

via EconStories


From the YouTube description:
Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it's total savings? Can deficit spending by a government step in to replace private activity in order to maintain full employment and restore lasting economic growth? What is a liquidity trap and what does it mean for the economy? What did Keynes really mean by "in the long run, we're all dead"?


In this EconStories mini-documentary, we explore the foundations of Keynesian economics with Keynes most famed biography, Lord Robert Skidelsky.


In the next episode, we'll dig deeper into some of the most controversial aspects of Keynesianism including the notion that ditch digging or world war could provide a pathway to economic recovery and prosperity.

10.24.2010

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

via EconStories



From the YouTube description:
Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts.

In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it.

Get the full lyrics, story and free download of the song in high quality MP3 and AAC files at:

http://www.econstories.tv

Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site: http://www.billyandadam.com

Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs.
http://www.blackboard3.com

Peter Schiff on Freedom Watch 10/23/10

via RonPaul2012



Former Connecticut Senate candidate Peter Schiff talks to Judge Napolitano about the European riots and if central banks can start civil wars.

What You Can't Say on Campus: Greg Lukianoff on Free Expression in Higher Education

via Reason TV



From the YouTube description: 
If you think that, like the Macarena, campus speech codes were mocked into obscurity during the 1990s, think again. Approximately 71 percent of American campuses still impose highly restrictive "red light speech codes" on college students, notes Greg Lukianoff, president of the Foundation for Individual Rights in Education (FIRE).

Recently Reason.tv's Ted Balaker sat down with Lukianoff to discuss the sorry state of free expression in higher education, why you can't call Harvard men sissies, and how a student got expelled for criticizing a university president on Facebook.

Approximately 8.5 minutes.

Shot by Paul Detrick and Hawk Jensen. Edited by Austin Bragg.