In the spirit of encouraging free markets, limited government, and individual liberty, we at CEI present the following for your viewing pleasure:
Video
In this installment of “Fred Weekly, CEI President Fred L. Smith, Jr., discusses the importance of applying technical concepts to commercial development and vice versa. Fred explains that the feedback loop between science and commerce has been one of the greatest forces for improving human life in all of history. Watch it below:
What’s the best way to reward individual innovation? In the latest episode of “Fred Weekly,” CEI President Fred L. Smith, Jr., says that entrepreneurial organizations are generally better than political institutions at rewarding those responsible for creating value. Watch below:
With Thanksgiving fast approaching, CEI President Fred Smith gives thanks in the latest installment of “Fred Weekly” for all the prosperity and opportunity capitalism has afforded us in our Age of Abundance.
In the latest episode of “Fred Weekly,” CEI President Fred Smith discusses conflicts of interest and trade-offs in business and politics.
I forget who I’m paraphrasing here, but the two iron laws of modernity are 1) things are getting better, and 2) people think they’re getting worse. The short video at the bottom of this post is one way to prove the first law to victims of the second law. It’s a rough cut adapted from a recent talk Don Boudreaux gave; I eagerly await the full version.
When I took macroeconomics in graduate school, the professor circulated a Sears catalog from 1900 or so around the classroom. Most of the prices were given in cents, not dollars. Now imagine that you could buy anything you wanted from that catalog today at those low prices. They’re still too expensive. Take these vacuum cleaners pictured below:
[youtube:http://www.youtube.com/watch?v=45eLGFepD60 285 234]
[youtube:http://www.youtube.com/watch?v=vVCROjpgCB0 285 234]
[youtube:http://www.youtube.com/watch?v=hxnvlndMyjY 285 234]
