Marxist Economic Theory Easily REFUTED w/ Richard Wolff

Joined again by my elite level patron Nightshift10000, we take on Marxist Professor Richard Wolff. Appearing on the Jimmy Dore Show, Dr. Wolff attempted to explain Marxist economics and why they are superior to any other economic systems. It’s a shame he has not historical data to support his assertions, especially since his own students were involved in the failed government of Greece.

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Original Video:

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Citations:

Hansen, H. (2003, July 22). Denmark: A Case Study in Social Democracy. Retrieved January 20, 2019, from https://mises.org/library/denmark-case-study-social-democracy

Heritage Foundation. (2018, February 2). 2018 Index of Economic Freedom. Retrieved January 20, 2019, from https://www.heritage.org/international-economies/commentary/2018-index-economic-freedom

Kristof, N. (2008, December 20). Bleeding Heart Tightwads. The New York Times. Retrieved from https://www.nytimes.com/2008/12/21/opinion/21kristof.html

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Von Mises, L. (1998 [1949]). Human Action: A Treatise on Economics. Auburn, AL: The Ludwig von Mises Institute. Retrieved from https://mises.org/sites/default/files/Human%20Action_3.pdf

What Amazon does to wages. (2018, January 20). Retrieved January 20, 2019, from https://www.economist.com/united-states/2018/01/20/what-amazon-does-to-wages
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2 Day with 2 Cents (Jan 19, 2019)

This week’s episode discussed the continued government shutdown drama, the left’s attack against Karen Pence, the Gillette advertisement condemning masculinity, and the left’s adoration of drag kids. The weekly hottie was Kat Wonders.

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Robert Reich: The Big Economic Hoax

Robert Reich of Inequality Media would like you to believe that the reason the national debt is growing is because the rich aren’t paying their fair share of taxes. Not only is Reich ignorant of Hauser’s Law and the other realities pertaining to how much the government can hope to collect in tax revenues, but he also seems ignorant of the fact that under the Federal Reserve system, the government literally has to keep going into debt.

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Citations:

Mike Maloney’s Hidden Secrets of Money Episode 4: The Federal Reserve: The Biggest Scam in the History of Mankind:

Syrios, A. (2015, November 23). The Good Ol’ Days: When Tax Rates Were 90 Percent | Andrew Syrios. Retrieved January 15, 2019, from https://mises.org/library/good-ol-days-when-tax-rates-were-90-percent

Why Tax Cuts and Tax Hikes are Fundamentally the Same by My 2 Cents: https://my2centsvideos.com/2018/11/19/why-tax-cuts-and-tax-hikes-are-fundamentally-the-same/
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2 Day with 2 Cents (Jan 12, 2019)

On this week’s episode we’ll be discussing Donald Trump’s address to the nation regarding border wall concerns, some Twitter in fighting among Libertarians, the hilarious Jim Acosta memes, and possibly some more AOC nonsense.

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My Response to Allyson Rowe and the Fallacy of Piety

Shortly after my last video response to Allyson Rowe, a video popped up on her channel telling her followers why they’re not obligated to respond to criticism. While this isn’t a direct response to my comment, I couldn’t help but point out that acting pious and claiming to answer to God rather than man doesn’t do anything to demonstrate that you’re actually right. This is what I’ve come to call the Fallacy of Piety.

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2 Day with 2 Cents LIVE (Jan 5, 2019)

This week’s episode will be a live broadcast, discussing current events to include the continuing government shutdown, Elizabeth Warren, Alexandria Ocasio-Cortez, and predictions about the economy for 2019.

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What Aquaman Teaches about Government

For the first video of 2019, we’re reviewing the DC Comics blockbuster Aquaman. I loved this movie. Not only is it action packed with a great story line, but Amber Heard’s performance makes the film both sexy and a stunning success.

However, much like Black Panther, Aquaman presents the Kingdom of Atlantis as an impossibly advanced society. There is no way a kingdom which is ruled by a hereditary monarchy, where the monarch is chosen in ritual combat, would advance and prosper for thousands of years.

Aquaman is yet another reason to get people thinking about how prosperity and advancement comes from free interaction and free markets.

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