in particular. joe calhoun and jim guartney. [ applause ] what do you teach them? do students understand economics and have a good understanding when they get to college. i would like to think they have a better understanding after they leave college and leave my class. what do students not understand? incentives matter and this is the inclination to think that if in fact the intentions of a policy are some kind of a program or good that that means the results are good. one definition of economics, economists are basically scoundrels who teach the way the world really works rather than the way people would like for it to work. that is so rude. but to truthful, too.
because we vote, you don t or they will print more money and maybe have massive inflation. that is certainly the two major options that we can expect. it took me too long to what it took me too long to understand is what makes the country prosperous and people think it is natural resources or democracy and that is not it. jim, you publish a list of countries and their ranking of economic freedom. tell about that. a project which the godfather or really the founder of it was milton friedman clear back to the late 1980s. the idea was you would develop a measure objective as possible that would identify the consistency of the countries, institutions with economic freedom. that is to say with voluntary exchange, reliance upon markets, minimal kinds of taxes and a government that is basically protects people from aggression by others and protects property rights.
expect. it took me too long to what it took me too long to understand is what makes the country prosperous and people think it is natural resources or democracy and that is not it. jim, you publish a list of countries and their ranking of economic freedom. tell about that. a project which the godfather or really the founder of it was milton friedman clear back to the late 1980s. the idea was you would develop a measure objective as possible that would identify the consistency of the countries, institutions with economic freedom. that is to say with voluntary exchange, reliance upon markets, minimal kinds of taxes and a government that is basically protects people from aggression by others and protects property rights. and we protects them from aggression from others but otherwise pretty much leaves them alone. that s right. there has been more than 50
it d be so easy to check facebook, send emails. and the screen is easier to read in sunlight ! the universe is practically telling me to get a smartphone. it s like, lisa, it d be super cool if you got a smartphone. also, i like your outfit. thanks universe, let s get me a lucid. come in and say hello to your new, easy to use smartphone. the lucid by lg for only $79.99. verizon. a, the appearance. amber. [ jim ] b, balance. sam adams has malt sweetness, hoppy bitterness. [ jim ] c, complexity. pine notes, grapefruit notes. only believe your own pallet. go taste them.
well, these students understand that because they took courses from a lot of smart economists but these two in particular. joe calhoun and jim guartney. [ applause ] what do you teach them? do students understand economics and have a good understanding when they get to college. i would like to think they have a better understanding after they leave college and leave my class. what do students not understand? incentives matter and this is the inclination to think that if in fact the intentions of a policy are some kind of a program or good that that means the results are good. one definition of economics, economists are basically