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.

Remember, 2 Day with 2 Cents will become a permanent live show at the end of the month if we don’t reach the $200 a month goal so if you’re able, please consider donating:

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The Case for Anarcho-Communism Debunked (w/ Nightshift10000)

Joined again by my elite level patron Nightshift10000, we review a video called “The Case for Anarchist Communism” from the channel Christopher Szabo. Anarcho-Communism is and ideological oxymoron. In such a society, if an individual decided to create a commodity and sell it for a profit, other members of the collective could either use force to stop him or not use force to stop him. If the former, the society is not an anarchy. If the latter, it is not a communist society.

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Original Video:

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Citations:

Avrich, P., & Miller, M. A. (2018, December 17). Peter Alekseyevich Kropotkin. Retrieved December 19, 2018, from https://www.britannica.com/biography/Peter-Alekseyevich-Kropotkin

Von Mises, L. (1949). Human Action. Auburn, AL: Ludwig Von Mises Institute.
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Ocasio-Cortez “Grand Vision” DEBUNKED

A few weeks ago, Alexandria Ocasio-Cortez spoke with Cenk Uygur of The Young Turks about her plan for America and the Justice Democrats upon her election. New York did indeed elect her on November 6th, but myself Nightshift10000 have taken the time to explain yet again why her lofty vision is nothing but long debunked nonsense.

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Why Wealth Inequality is Awesome (Vox Debunked)

Vox put out a short video explaining how dangerous wealth inequality, and its little brother income inequality, are to society. Putting aside the fact that income inequality decreases the more economically free a country is, people often forget that wealth inequality is a good thing. Wealth inequality is what allows the market to take the luxuries of today and turn them into the necessities of tomorrow.

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Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

Economic Freedom and Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

70% of Lottery Winners Go Bankrupt: https://www.cleveland.com/business/index.ssf/2016/01/why_do_70_percent_of_lottery_w.html

Ludwig von Mises, Economic Freedom and Interventionism (FULL TEXT): https://mises.org/library/economic-freedom-and-interventionism/html

Open Secrets Political Donations List: https://www.opensecrets.org/orgs/list.php?cycle=ALL

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Why Capitalism is Awesome (Non-Compete Debunked)

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Original Video:

Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

The Link Between Lack of Economic Freedom and Wealth Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

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Kate Upton Debunks Karl Marx on Class Theory

What does Kate Upton have to do with Karl Marx’s class theory and class struggle? Well, quite simply, the fact that Kate Upton is a member of Marx’s proletariat and yet a member of the 1% proves that Marx’s theory is wrong.

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

The Deal with Scandinavian “Socialism”

Had a discussion with The Red Pill Dragon, MAG, and Nightshift10000 about the ridiculous claim by leftists that the Nordic countries are an example of socialism. In fact, Denmark and Sweden are more economically free than the United States, and the Nordic countries reject many policies that socialists fight for.

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Alexandria Ocasio-Cortez is a Complete IDIOT

Alexandria O”Commie”o-Cortez has received quite a bit of coverage in the news lately. None the less, she’s just another democratic socialist, espousing ideas that have been soundly debunked for decades.

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Original Video:

Alexandria Ocasio-Cortez’s Comments on Comedy Central:

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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It is not my intention to cause the original video creator to receive any kind of harassment or abuse. It is my intention to provide a counter argument to the claims they have made. While I have no control over the feedback you choose to provide, I ask that you avoid any forms of harassment or abuse.

Citations/Further Reading:

https://mises.org/library/truth-about-swedencare

https://www.bbc.com/news/uk-43933056

https://www.mercatornet.com/careful/view/euthanasia-could-save-canada-millions-in-healthcare-costs/19285

http://www.pewresearch.org/fact-tank/2017/02/15/u-s-students-internationally-math-science/

https://mises.org/wire/free-college-comes-price

https://mises.org/library/high-cost-centrally-planning-global-climate

https://www.nationalreview.com/corner/hausers-law-reality-isnt-negotiable-veronique-de-rugy/

https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_cd&hl=en&dl=en

https://www.vox.com/policy-and-politics/2018/7/30/17631240/medicare-for-all-bernie-sanders-32-trillion-cost-voxcare

https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/

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How is Rent Determined Anyways?

Bernie is at it again. This time he thinks the government needs to ensure that everyone has a two bedroom apartment.

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Original Video:

My Video on the 2008 Financial Crisis:

My Video about Minimum Wage:

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

HARASSMENT NOTICE
It is not my intention to cause the original video creator to receive any kind of harassment or abuse. It is my intention to provide a counter argument to the claims they have made. While I have no control over the feedback you choose to provide, I ask that you avoid any forms of harassment or abuse.

Academic Sources:

Sowell, T. (2015). Basic Economics: A Common Sense Guide to the Economy. New York, New York: Basic Books.

Articles Cited/Further Reading:

https://www.bls.gov/opub/reports/minimum-wage/2015/home.htm

http://www.socsci.uci.edu/~dneumark/min_wage_review.pdf

https://www.investopedia.com/articles/investing/080515/5-developed-countries-without-minimum-wages.asp

https://www.forbes.com/sites/scottbeyer/2015/04/24/how-ironic-americas-rent-controlled-cities-are-its-least-affordable/#3b349b7348c6

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Debunking Socialist Propaganda

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