A look back at a 1981 news segment that covers the Internet and the eventual push to online media. At the time, 8 newspapers were currently part of the network delivering their daily news via this system. The “paper” included all text, but not images or classifieds. Near the end of the segment, they predict that nearly all news will be delivered electronically, but that the time would be a few years away. The segment closes with a look at a newspaper salesman who would potentially become structurally unemployed when the need for physical papers vanishes.
When teams request public funding for new stadiums, they often do so with the threat of relocating to a city that is eager for a team. These credible threats must be without a team (either never having one or recently lost one) and are willing to put up the money to support a team. With a credible threat in place, host cities are often left with the option of paying large public subsidies.
Many have seen Jimmy McMillan as a meme, but so few have gotten to see him in the NYC debates. McMillan argues that rent in New York City is too high and should be regulated by the government. This is a good clip to use before a discussion on price ceilings and the normative argument of prices being ‘too high’.
A 20/20 investigation into how we subtly discriminate based on looks when it comes to donating to charity. About 1/5 people in total donated money, but requesters who were rated as better looking raised more money than the other requesters. Better looking women were able to raise twice as much money as their counterparts.
John Stossel analyzes the impact of farm subsidies. While the intentions are good, the results of these subsidies have predictable impacts.
When countries decide not to participate in international trade, we enter a world of autarky. Few of us realize the impact that international trade has on our daily lives. One grocery store in Germany decided to remove all foreign-made products from their shelves in order to make a statement about trade, immigration, and diversity.
This clip was originally recorded by instragram user @Heinzinger and then shown on a Germany news channel with the additional commentary added on top of the original video. Thanks to @NinjaEconomics for bringing this to my attention.
Is price gouging evil or is it the sensible economic decision when shortages arise? In this series, John Stossel explores price gouging around natural disasters. This topic is really good for discussing the tradeoff between equity and efficiency.
While pretty controversial, this CNN clip does a great job of introducing the idea of property rights for endangered species.
During the CNN GOP Debate in March, Donald Trump incorrectly categorizes discouraged workers as being statistically part of the employment rate because they are no longer considered unemployed. This classic mistake forgets that there are a class of people in the country who are not in the labor force.