Economics On One Foot with Professor Art Carden

Have you ever had trouble getting your friends or family to pay attention long enough for you to explain the most fundamental principles of sound economics? Or likewise, have you ever struggled to explain sound economics to your friends succinctly? Then this short video is for you. [/facebook]
Peroxidesays...

My goal is to never attend one of Art Carden's classes,

A bottle's worth of water is worth a whole lot to someone in the third world dying of thirst,

You can't do shit with a diamond dumbass. The whole reason diamonds are valuable is because they are kept artificially scarce and over the years De Beers successfully marketed them as desirable ("a girl's best friend", song: "diamonds are forever".

The business that earns the most profit by using resources is Exxon Mobil, and is quickly helping to turn the earth into an unsustainable rock.

Restrictions on trade cause poverty? What about the restriction on the trade of human beings, I bet that's really hurting your pocket book eh you fucking neo-con wank. I'm not going to post anything for this one because if you actually believe this you are beyond grasping any reason.
I mean just look at the poverty that unrestricted trade causes in the USA, how can anyone still claim that an unregulated free market is ethical?

This whole video is bullshit. I can't believe this is tagged with philosophy.

Phreezdrydsays...

Don't forget minimum wage leading to unemployment. The employer should be able to decide what a job is worth so the employee has the opportunity to work several of these low wage jobs just to keep from starving to death.

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