Economics, Liberty and Tyranny
Economics, Liberty and Tyranny
This video by R.C. Sproul Jr. gives a quick and entertaining economics lesson. One of the most likely crisis we will have to prepare for is an economic collapse or depression. R.C. Sproul Jr. teaches the fundamental principle behind economics in the first segment. While the first segment is fairly academic, he does a great job of keeping it interesting. The second segment looks at types of economies. He looks at interventionist economies and control economies and event the legendary free market economy which no longer exist anywhere in the world.
R.C. Sproul Jr. looks at how America’s choices are damaging our economy and how they are destroying our freedom. He makes some excellent points about our national debt. He explains the classic Austrian economics view that money printing or new money creation is inflation. We are often lead to believe that as long as there are no price increases, there is no inflation. The classical definition of inflation is actually an increase in the money supply, not prices. The increase in prices is an eventual consequence of the increase in money supply. The government is always careful to use the Keynesian economic terminology to keep us confused and in the dark. The Federal Reserve is absolutely wrecking our currency by continued Quantitative Easing or money printing.
Mr. Sproul also looks at how we are harming our citizens by teaching them to be dependent on the government for every need. He tells us how the massive welfare programs hurt not only those of us who have to fund it through our efforts, but it also harms those who receive it. They are caught in a cycle of poverty which few will ever strive to escape.
As preppers, we need to practice situational awareness. Part of that is being able to understand the problems our economy is facing. This video will give you a correct overview of economics. You will gt almost as much out of this 2 hour presentation as you would get from an entire semester of a college course in Macroeconomics. Even if have already taken Macroeconomics, this video will dispel some of the fallacies you were taught. It is also a great tool to arm your children with. Even if you are able to spare them from the brainwashing in the public school system, they are constantly bombarded with lies from the media and other sources. Take the time to watch the video, even if you have to break it up. You’ll be glad you did!
A big thank you to my Facebook friend Christine Alexander for sharing this video with me!
Happy Prepping!
