Religion & Liberty Online Archives

Video

September 01, 2017

How’s socialism doing in Venezuela?

Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The inflation rate over the past 12 months was 460 percent and the unemployment rate is so high the government stopped reporting it last year. Continue Reading...
June 23, 2017

What if there were no prices?

I’m something of a cheapskate (or as I prefer to think of myself, prudentially frugal) and so I take special pleasure in finding a good deal. I’m also, by nature, rather grateful and so I frequently thank God for helping me to find goods and services at bargain prices. Continue Reading...
May 31, 2017

Video: Lawrence Reed on real heroes

On May 18th, the spring 2017 Acton Lecture Series wrapped up with an address from Lawrence Reed, president of the Foundation for Economic Education. Reed’s talk was based on his recently released book, Real Heroes: Inspiring True Stories of Courage, Character, and Conviction. Continue Reading...
Lawrence Reed
April 25, 2017

Price Controls and Communism

Note: This is post #30 in a weekly video series on basic microeconomics. What happens when price controls are used in communist countries? As Alex Tabarrok explains, all of the effects of price controls become amplified: there are even more shortages or surpluses of goods, lower product quality, longer lines and more search costs, more losses in gains from trade, and more misallocation of resources. Continue Reading...