A few good videos from Reason.tv
The 4-Minute Guide to the Seven Hour Summit I know Reason TV is biased, but I wonder if Obama said anything substantive during this event or did he just remind McCain that he won the election and reflexively repeat “it will work”?
What are profits? Many people think profits are evil. They’re not. If left to work in relatively free markets, they’re a signal that tells us what is in demand and what is not. That way producers will be encouraged to produce the stuff we want and not produce the stuff we don’t want. The problem with profits is that sometimes people use government power to make profit on things we don’t want.
Drew Carey talks about foreign labor. Politicians love to save our jobs from going to foreign countries, but don’t try to save them from the might machine. His point, either way we are better off. Yes, we will all have to face the fact that what we are doing at some point in our lives may go away due to machine or foreign labor. That’s rough. But it’s real.