Thank you Mr President.
Not for the first time in this chamber I feel like fallen through some kink in the space-time continuum, some warp or tunnel that has led me back to the 1970s.
Thank you Mr President.
Not for the first time in this chamber I feel like fallen through some kink in the space-time continuum, some warp or tunnel that has led me back to the 1970s.
Interesting illustration of economic spectrum:
To the left is Austrian school of economics, in which the role of government in the economy is limited (Friedrich Hayek & Ron Paul).
Then the Monetarist school (J.P. Morgan, Ben Bernanke) and the Keynesian school (John Maynard Keynes, and Barack Obama), both characterised by big government spending.
And finally at the end is the grand daddy of all big government, the Communist school of economics (Karl Marx, Kim Jong Il).
Interesting illustration of economic spectrum:
To the left is Austrian school of economics, in which the role of government in the economy is limited (Friedrich Hayek & Ron Paul).
Then the Monetarist school (J.P. Morgan, Ben Bernanke) and the Keynesian school (John Maynard Keynes, and Barack Obama), both characterised by big government spending.
And finally at the end is the grand daddy of all big government, the Communist school of economics (Karl Marx, Kim Jong Il).
Video and a transcript from European Parliament, Strasbourg - 24 November 2010
transcript:
Video and a transcript from European Parliament, Strasbourg - 24 November 2010
transcript:
The Road to Serfdom Friedrich Hayek (recipient of the Nobel Memorial Prize in Economic Sciences in 1974) which had significantly shaped the political ideologies of Margaret Thatcher and Ronald Reagan and the concepts of ‘Thatcherism’ and of ‘Reagonomics’. The Road to Serfdom is among the most influential and popular expositions of classical liberalism and libertarianism.
The Road to Serfdom Friedrich Hayek (recipient of the Nobel Memorial Prize in Economic Sciences in 1974) which had significantly shaped the political ideologies of Margaret Thatcher and Ronald Reagan and the concepts of ‘Thatcherism’ and of ‘Reagonomics’. The Road to Serfdom is among the most influential and popular expositions of classical liberalism and libertarianism.
Milton Friedman talks about Adam Smith's well-known phrase "invisible hand," which was introduced in his famous book "The Wealth of Nations." In it, explains Friedman, Adam Smith explained how individuals doing productive work by pursuing only their own interests, are also ending up promoting interests of the society, as if they were lead by the "invisible hand."
Milton Friedman talks about Adam Smith's well-known phrase "invisible hand," which was introduced in his famous book "The Wealth of Nations." In it, explains Friedman, Adam Smith explained how individuals doing productive work by pursuing only their own interests, are also ending up promoting interests of the society, as if they were lead by the "invisible hand."
Government spending can promote economic growth if money is used for core "public goods" such as rule of law and property rights.
But the burden of government spending in the United States and other industrialized nations is far higher than needed to finance such activities. Citing scholarly studies, this CF&P Foundation video examines the Rahn Curve, which graphically illustrates the negative impact of excessive government spending.
www.freedomandprosperity.org
Government spending can promote economic growth if money is used for core "public goods" such as rule of law and property rights.
But the burden of government spending in the United States and other industrialized nations is far higher than needed to finance such activities. Citing scholarly studies, this CF&P Foundation video examines the Rahn Curve, which graphically illustrates the negative impact of excessive government spending.
www.freedomandprosperity.org
An interesting piece of writing under the name "Bohinj Declaration" can be found on website http://www.bohinjska-deklaracija.org/index.php?lang=engleski Web archive link: https://web.archive.org/web/20180831163022/http://bohinjskadeklaracija.org/index.php?lang=engleski Bohinj is an alpine valley with a lake in Slovenia. I assume that the declaration was first drafted and signed in Bohinj, thus the name Bohinj Declaration. Besides English, the website is translated into all the major languages spoken in Balkans, to whose people declaration seems to be directed.
An interesting piece of writing under the name "Bohinj Declaration" can be found on website http://www.bohinjska-deklaracija.org/index.php?lang=engleski Web archive link: https://web.archive.org/web/20180831163022/http://bohinjskadeklaracija.org/index.php?lang=engleski Bohinj is an alpine valley with a lake in Slovenia. I assume that the declaration was first drafted and signed in Bohinj, thus the name Bohinj Declaration. Besides English, the website is translated into all the major languages spoken in Balkans, to whose people declaration seems to be directed.
Milton Friedman uses pencil to explain how free market promotes harmony and peace in the World.
Milton Friedman uses pencil to explain how free market promotes harmony and peace in the World.
It was just recently that public university students made a peaceful march in streets of Sarajevo, protesting against governments' failure to deliver free transportation to students as promised.
Reaction of general public to this action of students has been positive and supportive of their cause, which only confirms the fact that the belief in socialism and big government is alive and well in Bosnia and Herzegovina.
The following is the, rarely ever considered, libertarian point of view on this issue:
It was just recently that public university students made a peaceful march in streets of Sarajevo, protesting against governments' failure to deliver free transportation to students as promised.
Reaction of general public to this action of students has been positive and supportive of their cause, which only confirms the fact that the belief in socialism and big government is alive and well in Bosnia and Herzegovina.
The following is the, rarely ever considered, libertarian point of view on this issue:
For some time now a debate has been going on how to allow for greater representation of Croatian language in Bosnia and Herzegovina's Federal television. Currently, Federal television is being dominated by Bosniak staff and TV programs are spoken in Bosnian language, geared for Bosniak viewers. Croat population obviously feels excluded and wants some changes. One serious suggestion is to establish a separate TV channel in Croatian language.
For some time now a debate has been going on how to allow for greater representation of Croatian language in Bosnia and Herzegovina's Federal television. Currently, Federal television is being dominated by Bosniak staff and TV programs are spoken in Bosnian language, geared for Bosniak viewers. Croat population obviously feels excluded and wants some changes. One serious suggestion is to establish a separate TV channel in Croatian language.