00:00 Introduction 00:27 Per Bylund vs. Stephanie Kelton 04:04 Reasoning Behind Dollar Value from Taxes 08:55 How Currency Has Purchasing Power 13:05 More Faults in Purchasing Power from Taxes Logic 20:10 Commodity Money and Government Money 25:12 MMT's Backwards Logic Around Money Creation 35:40 Gresham's Law and Legal Tender Laws 41:15 Historical Objections 46:42 What MMT Actually Does 55:42 The Inherent Violence of the Current System ... https://www.youtube.com/watch?v=TmZv6bnHN6g
In December 2022, the scientific journal Biological Psychiatry published a study that compared adolescent brain scans before and after the COVID-19 pandemic. Teenagers scanned after the pandemic showed reduced cortical thickness, larger hippocampal and amygdala volume, and greater brain aging than those scanned before COVID.
This kind of adolescent brain development, the study noted, was typically associated with “exposure to early life adversity, including violence, neglect, and family dysfunction.” The post-COVID scans showed something new. “As a result of social isolation and distancing during the shutdown,” the study concludes, “virtually all youth experienced adversity in the form of significant departures from their normal routines.”
Early into the COVID-19 outbreak, it was clear that unless somebody was immunocompromised, age was the primary determinant in the risk of severe health complications from the virus, yet for many policymakers, the country needed a one-size-fits-all solution, with no regard to individual circumstances. Prudent policy for a seventy-year-old with respiratory problems, the thinking went, was equally necessary for a healthy family of eight.
The efficacy of masking and isolation mandates remains a matter of controversy, but their unintended consequences are becoming increasingly clear, as more studies come out documenting the harmful effects they had on childhood development.
In 2022, the journal Frontiers in Psychology published an article exploring the implications of masks on infants. “Human faces convey critical information for the development of social cognition,” the authors explained, but “with masks, the facial cues available to the infant are impoverished.” Other studies have documented the consequences. Columbia University researchers found that “babies born during the pandemic showed reduced motor and social-emotional development compared to pre-pandemic babies,” for example, and the medical journal Contemporary Pediatrics reported that pediatric speech disorders more than doubled.
The deleterious effects of isolation mandates on schoolchildren were made visible by a viral photograph of French preschoolers sitting alone in chalk squares during playtime. Numerous studies have since confirmed that children exhibited increased rates of depression, anxiety, and indignation due to the lockdowns. The CDC reported that mental-health related emergency room visits for adolescents had increased by more than thirty percent between 2019 and 2020. Other students have documented the dramatic spike in teenage substance abuse as a coping mechanism while in isolation.
We are still discovering the damage that masking and lockdown mandates subjected children to, which provides a bleak lesson about the dangers of replacing individual autonomy with one-size-fits-all policies in times of crisis. Can you trust even the most expert bureaucrat to design policies that are appropriate for the unique circumstances of your household, or does it make more sense to make your own decisions about what’s best for you and your family?
______________________________________
Want to learn more?
For more animated content, check out Economics for Beginners at https://BeginEconomics.org.
...
https://www.youtube.com/watch?v=rDFDMEFaaXk
On this week's Mises Weekends, Jeff Deist is joined by Allen Mendenhall of the Blackstone & Burke Center for Law and Liberty (http://allenmendenhall.com/the-blackstone-center/) to discuss the aftermath of Donald Trump's surprising victory in this week's presidential election. Jeff and Allen discuss questions such as: Will Trump's election genuinely transform American politics? Why aren't progressives cheering the Republican Party being led by a cosmopolitan New York City protectionist? And, should libertarians celebrate the defeat of the Bush and Clinton political dynasties? Plus, Allen gives his analysis of Trump's proposed Supreme Court justices, and whether the importance of the Supreme Court is overstated by conservatives and libertarians.
...
https://www.youtube.com/watch?v=QuZrREAAuV8
With Queen Elizabeth II lying in state at Westminster Abbey, hereditary monarchies are under attack as archaic & absurd. Has mass democracy in the West done any better? Ryan McMaken joins Jeff and Bob to discuss.
Read Ryan's Article on Monarchs: https://Mises.org/HAP361-1
Read Hoppe's Democracy: https://Mises.org/Democracy
00:00 Introduction
00:48 Monarchy in the Modern World
5:13 Cultural Significance of Leaders
10:56 Monarchs Now vs. Then
18:44 Wealth Accumulation Under Monarchies Throughout History
24:22 Monarchy vs. Democracy
37:18 The Need for Something Bigger than Oneself
45:40 Will Democracy be Replaced
...
https://www.youtube.com/watch?v=Vfe3IiCZ6aY
Recorded at the Mises Institute in Auburn, Alabama, on 19 July 2019.
Mises University is the world's leading instructional program in the Austrian school of economics. Mises.org/MU19
...
https://www.youtube.com/watch?v=VgpThFkZmbc
The Constitution represented a coup from the beginning, and it's a dead letter today. The Declaration of Independence, however, is a truly radical libertarian document still worthy of consideration. Judge Andrew Napolitiano, our Distinguished Scholar in Law and Jurisprudence, recently gave a rousing talk at Mises University on the Declaration's natural law tradition–and how federal courts relentlessly and successfully attacked the principles it represented. This is Judge Nap at his scorching best, and you won't want to miss his comments on Supreme Court nominee Brett Kavanaugh.
...
https://www.youtube.com/watch?v=1uTR3qNW70w
View the full episode at https://Mises.org/LP6
Liberty vs. Power is a history podcast dedicated to what Murray Rothbard saw as the noble task of libertarians: "to de-bamboozle: to penetrate the fog of lies and deception of the State and its Court Intellectuals."
Featuring Dr. Patrick Newman and Tho Bishop, each episode is dedicated to exposing the cronyism that has fueled the growth of the American empire, and celebrating those precious victories in defense of liberty.
To subscribe to the "Liberty vs. Power Podcast" on your favorite platform, visit https://Mises.org/LvP
Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License.
...
https://www.youtube.com/watch?v=1016oiJz21s
This week's show features a bare-knuckle discussion between Jeff and José Niño of "El Niño Speaks" on the biggest political, economic, and cultural events of 2022—and what they portend for 2023.
You don't want to miss Jeff's unvarnished thoughts on the Left, the Right, the economy, and what is sure to be a turbulent New Year.
Read José's Substack: https://josbcf.substack.com
Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org.
Twitter ► https://twitter.com/mises/
Facebook ► https://www.facebook.com/mises.institute/
Instagram ► https://www.instagram.com/misesinstitute/
SoundCloud ► https://soundcloud.com/misesmedia/
Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810
Rumble ► https://rumble.com/c/c-2212754
Odysee ► https://odysee.com/@mises/
Podcasts ► https://mises.org/library/audio-video/
00:00 Introduction
01:42 2022 Political Overview
04:55 Ukraine and the US Military Industrial Complex
12:24 Midterm Elections and Left vs. Right
23:33 2022 Economic Overview
35:55 Social Media and Culture
46:51 Trump and DeSantis
54:05 Opinions on the US Going Forward
01:00:52 Strategy
...
https://www.youtube.com/watch?v=Ij4delXPT5k