Bob thinks we should just confiscate all the wealth from all the billionaires in America to pay for government programs. But even if that were possible... would it even work?
______________________________ CREDITS: Written by Seamus Coughlin & Jennifer Maffessanti Animated by Seamus Coughlin Produced by Sean W. Malone
Seamus is stuck in jail after that surveillance misunderstanding, but he still manages to find himself in one of the many protest-turned-riots that have been happening all over the US this year. The rioters and their supporters brush off the consequences of their destructive behavior with the cavalier claim that “insurance will cover it.” But even leaving aside the fact that that’s definitely NOT how insurance works, riots have other, long-term effects that no insurance plan, no matter how comprehensive, could possibly cover.
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CREDITS:
Written by Seamus Coughlin, Jen Maffessanti, and Sean W. Malone
Animated by Seamus Coughlin
Produced & Edited by Sean W. Malone
______________________________
LINKS:
https://www.startribune.com/skyrocketing-demolition-costs-for-riot-damaged-properties-delay-rebuilding/572269302/?refresh=true
https://fee.org/articles/here-are-just-10-of-the-many-minority-owned-businesses-destroyed-in-the-riots/
https://fee.org/articles/the-true-victims-of-the-chicago-riots/
https://fee.org/articles/vandalism-is-violence-destructive-riots-are-not-just-property-damage/
https://fee.org/articles/minneapolis-man-who-watched-his-business-burn-says-he-s-leaving-history-suggests-more-will-follow/
https://www.forbes.com/sites/investopedia/2010/12/22/how-riots-can-influence-an-economy/#2c4aa3e26335
https://www.voanews.com/usa/nation-turmoil-george-floyd-protests/economic-damage-civil-unrest-may-persist-decades
https://www.claimsjournal.com/news/national/2020/07/06/298012.htm
https://fee.org/articles/does-insurance-cover-rioting-and-looting-damage-either-way-its-disastrous/
https://www.axios.com/riots-cost-property-damage-276c9bcc-a455-4067-b06a-66f9db4cea9c.html
...
https://www.youtube.com/watch?v=mVY5P2ZPk8M
Support Out of Frame on Patreon: https://www.patreon.com/OutofFrameShow
Watch our newest video, "Want to Make Things WORSE? Ban Your Enemies": https://youtu.be/6tVVzM5vmhs
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Previously on Common Sense Soapbox, Seamus told Bob that tons of the most commonly proposed solutions to environmental problems were going to cost trillions and lower everyone's standard of living, so Bob isn't as keen on making the sacrifices climate activists are demanding.
That means he doesn't want to save the planet, right?
Actually...
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CREDITS:
Written by Jennifer Maffessanti & Seamus Coughlin
Animated by Seamus Coughlin
Produced by Sean W. Malone
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For more information on effective solutions to environmental problems that *won't* increase global poverty, check out some of these LINKS:
https://www.sciencealert.com/a-new-way-to-turn-carbon-dioxide-into-solid-rock-could-help-rewind-global-warming
https://www.technologyreview.com/s/540706/researcher-demonstrates-how-to-suck-carbon-from-the-air-make-stuff-from-it/
https://www.perc.org/2017/11/28/hunting-can-be-good-for-lions-and-elephants/
https://cei.org/studies-issue-analysis/private-property-rights-wildlife-southern-africa-experiment
https://www.nanowerk.com/spotlight/spotid=46170.php
https://www.forbes.com/sites/trevornace/2018/09/10/the-worlds-largest-ocean-cleanup-has-officially-begun/#342ea8342738
https://www.ecowatch.com/military-largest-polluter-2408760609.html
https://fee.org/articles/property-rights-help-environmentalists-protect-wildlife/
https://fee.org/articles/capitalism-should-play-a-bigger-role-in-protecting-the-environment/
https://fee.org/articles/can-free-market-environmentalism-save-rhinos/
https://fee.org/articles/flying-less-is-not-a-solution-to-reducing-carbon-emissions-innovation-is/
https://fee.org/articles/in-the-fight-against-climate-change-free-markets-are-our-biggest-ally/
...
https://www.youtube.com/watch?v=nyRu0qxj81o
“Free health care for everyone!!!” It’s all the rage, but is it actually feasible?
On this episode of Common Sense Soapbox, Bubble Man makes a plea for universalized, free health care from his hospital bed. As Seamus explains, Bubble Man’s dreams are only possible in… well… a bubble.
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CREDITS:
Written by Seamus Coughlin & Sean W. Malone
Animated by Seamus Coughlin
Produced & Edited by Sean W. Malone
______________________________
LINKS:
– Cuba Health Care –
https://academic.oup.com/heapol/article/33/6/755/5035051
– Canada Health Care –
https://www.usnews.com/news/best-countries/articles/2016-08-03/canadians-increasingly-come-to-us-for-health-care
https://mises.org/wire/false-promise-canadas-health-care-system
https://mises.org/wire/myth-they-used-pass-canadas-universal-healthcare
https://mises.org/wire/universal-health-care-canada-colossal-government-failure
https://mises.org/wire/solution-canadas-failed-universal-health-care-system-consumer-and-physician-freedom
– US Health Care –
https://www.commonwealthfund.org/publications/fund-reports/2014/jun/mirror-mirror-wall-2014-update-how-us-health-care-system
https://www.bmj.com/content/366/bmj.l5778/rr-0
https://data.oecd.org/healthres/health-spending.htm
https://fee.org/articles/single-payer-health-care-is-anything-but/
https://www.dailysignal.com/2017/11/01/think-obamacare-is-bad-bernies-single-payer-plan-would-be-devastating/
https://fee.org/articles/why-single-payer-health-care-delivers-poor-quality-at-high-cost/
https://www.forbes.com/sites/johngoodman/2019/10/17/why-not-try-free-market-health-care/?sh=662b200b5358
https://fee.org/articles/government-makes-healthcare-worse-and-more-expensive/
https://mises.org/wire/half-health-spending-us-now-government-spending
https://fee.org/articles/3-ways-regulation-makes-health-care-expensive/
https://www.healthsystemtracker.org/chart-collection/quality-u-s-healthcare-system-compare-countries/
– Japan Health Care –
https://www.commonwealthfund.org/international-health-policy-center/countries/japan
https://en.wikipedia.org/wiki/Health_care_system_in_Japan#Quality
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1226232/
– India Health Care –
https://www.internationalstudentinsurance.com/india-student-insurance/healthcare-system-in-india.php
...
https://www.youtube.com/watch?v=GkCuSAaIeKs
When Seamus is arrested for spying on other people’s conversations about economics, it becomes pretty clear that the government doesn’t actually frown on monitoring the actions and communications of individuals. They just frown on OTHER people doing it. Despite the initial outcry when Edward Snowden leaked the details of the US government’s domestic surveillance apparatus to the public, the broad and often warrant-less collection of metadata continues to happen. Constant surveillance leads to serious problems, not least of which is self-censorship.
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CREDITS:
Written by Seamus Coughlin, Jen Maffessanti, and Sean W. Malone
Animated by Seamus Coughlin
Produced & Edited by Sean W. Malone
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LINKS:
https://www.oyez.org/cases/1967/35
https://www.washingtonpost.com/opinions/nsa-surveillance-may-be-legal--but-its-unconstitutional/2013/06/21/b9ddec20-d44d-11e2-a73e-826d299ff459_story.html
https://www.wsj.com/articles/SB10001424127887324904004578535670310514616
https://www.pewresearch.org/fact-tank/2019/06/11/only-2-of-federal-criminal-defendants-go-to-trial-and-most-who-do-are-found-guilty/
https://www.pewresearch.org/internet/2015/03/16/americans-views-on-government-surveillance-programs/
https://www.harvardmagazine.com/2017/01/the-watchers
https://www.theguardian.com/world/2013/sep/30/nsa-americans-metadata-year-documents
https://www.wired.com/2015/03/data-and-goliath-nsa-metadata-spying-your-secrets
https://www.wired.com/2013/06/phew-it-was-just-metadata-not-think-again
https://www.scientificamerican.com/article/how-are-the-nsa
https://www.propublica.org/article/nsa-data-collection-faq
https://fee.org/articles/why-the-surveillance-state-is-dangerous/
https://fee.org/articles/mass-surveillance-is-spreading-along-with-covid-19/
...
https://www.youtube.com/watch?v=V3zUgHmauBk
Support Out of Frame on Patreon: https://www.patreon.com/OutofFrameShow
Watch our newest video, "Want to Make Things WORSE? Ban Your Enemies": https://youtu.be/6tVVzM5vmhs
Check out our podcast, Out of Frame: Behind the Scenes: https://www.youtube.com/channel/UCiS5rEmhnLwo1IG9bgr19Og
Bob gets a job as a taste-tester so he can get enough capital to start his own business, and learns that his skills at the company fill just some of the many valuable roles necessary to make the business work.
Division of labor and trade are critical to technological development and economic progress for whole civilizations and without it, people would still be stuck in the stone age.
Find out more on this episode of Common Sense Soapbox: Bob to the Future!
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CREDITS:
Written by Seamus Coughlin, Jennifer Maffessanti, and Sean W. Malone
Animated by Seamus Coughlin
Edited by Sean W. Malone
______________________________
LINKS:
https://www.britannica.com/topic/division-of-labour
https://fee.org/articles/the-division-of-labor/
https://fee.org/articles/how-to-think-about-economics/
...
https://www.youtube.com/watch?v=1ry7r--SQPM
Bob finds himself “in the hole” after taking out a substantial student loan. Is he at fault? Mostly. But… the bad incentives of federally managed student loans certainly don’t help.
Watch the full episode here: https://youtu.be/hRoN3uxRf6o?si=5XyBvqIvEkZfSJSB
...
https://www.youtube.com/watch?v=4J0CdPI0WjU
Did you know the minimum wage was initially designed to keep minorities out of the job market? Although modern progressives argue it to be benevolent, its history and ramifications are anything but.
Watch the full episode here: https://youtu.be/ordzgpuw4Mk?si=ipldcMOmkhU6JlPz
...
https://www.youtube.com/watch?v=VPgsJfP6LZw
Russia’s invasion of Ukraine is a detestable act of aggression and rightfully angers billions of people around the world who wish for peace. But to stick it to Putin, is it necessary to deplatform, condemn, and punish everyday Russian citizens? As Ron and Sarah jump in joy at Russian cats being banned from the International Cat Federation, Seamus suggests a better way…
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CREDITS:
Written by Seamus Coughlin and Sean W. Malone
Animated by Seamus Coughlin
Produced & Edited by Sean W. Malone
______________________________
LINKS:
– Russian National Anthem Credit –
https://en.wikipedia.org/wiki/File:National_Anthem_of_Russia_(2000),_three_verses.ogg?fbclid=IwAR30vGVHhJyYJbSlhvYs5cF7dLT9cU6DZuoqU_YMhOpNsA8fGrQ6XQ9b9Xc
– Inflation –
https://ycharts.com/indicators/us_inflation_rate#:~:text=US%20Inflation%20Rate%20is%20at,long%20term%20average%20of%203.24%25
https://www.nytimes.com/2022/03/10/business/economy/cpi-inflation-february-2022.html
https://www.wsj.com/articles/us-inflation-consumer-price-index-february-2022-11646857681
– 29% of money printed since 2020 –
M1 methodology has changed, making it a bad number to analyze money printing over last two years. A better way is to look at M2SL data. Data show a 42% increase in money supply since Jan 2020. Another way to say it, 29% of our money was printed since Jan 2020.
https://fred.stlouisfed.org/series/M2SL
– Banning Russia –
https://www.fifa.com/tournaments/mens/worldcup/qatar2022/media-releases/fifa-uefa-suspend-russian-clubs-and-national-teams-from-all-competitions
https://www.washingtonpost.com/world/2022/03/03/russia-cat-ban-ukraine-war/
...
https://www.youtube.com/watch?v=BU1nZBVtAxk
One Simple Solution for US Health Care
On this episode of Common Sense Soapbox, Seamus explains to Sarah, Ron, and Bob one thing that could vastly improve the US health care system and make it more affordable.
Is it more spending? Is it more insurance? No.
It’s something that would let the market drive down costs the same way it does in other well-functioning sectors: A functioning price system.
'What's that,' you say? Stay tuned and find out!
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CREDITS:
Written by Seamus Coughlin and Sean W. Malone
Research by Tyler Brandt & Matt Hampton
Reviewed by Michael D. Tanner
Animated by Seamus Coughlin
Produced & Edited by Sean W. Malone
______________________________
LINKS:
-- Understanding Price Signals --
https://fee.org/articles/profit-not-just-a-motive/
https://fee.org/articles/formation-and-function-of-prices/
-- Health Care --
https://reason.com/2013/06/03/the-us-health-care-system-doesnt-need-pr/
http://www.ada.org/~/media/ADA/Science%20and%20Research/HPI/Files/HPIBrief_0217_2.pdf
https://www.aei.org/carpe-diem/what-economic-lessons-about-health-care-costs-can-we-learn-from-the-competitive-market-for-cosmetic-procedures-2/
https://fee.org/articles/if-cosmetic-surgery-has-a-working-market-why-can-t-medical-care/
https://www.cato.org/commentary/health-costs-are-rising-because-price-controls
https://www.cato.org/commentary/forget-price-controls-treat-health-care-any-other-product
https://www.cato-unbound.org/2020/04/21/jay-bhattacharya/economic-case-against-medicare-all
https://www.realclearmarkets.com/blog/cj31n1-2.pdf
https://www.jstor.org/stable/23486008
...
https://www.youtube.com/watch?v=WCf7XACkDyU