John Stossel — Tragedy of the Commons

In this Stossel in the Classroom segment, Stossel analyzes the issues around common resources and public goods. In the opening interview, many people believe public versions of items are better and often cite the lack of a price as the main reason for selecting that over a private item. The same people are quick to point out that a public toilet doesn’t have the same connotation because people overuse it and don’t take care of the resources because no one owns it.

This clips is beneficial to talk about how tragedy of the commons can be overcome by assigning property rights to a business and turning it into a private good.

Adam Ruins Everything — Student Loans

Adam Ruins Everything is a half-hour informational comedy were host, Adam Conover, debunks popular myths. Each episode is divided into 3 segments with some common theme. In the Spring of 2018, James Tierney and I sat down to go through all three seasons of Adam Ruins Everything to pick out examples in each episode that could be used in an economics course. If you’re curious about the paper, you can read about it here.

Adam is back to discuss how student loan providers have turned so evil. When traditional institutions didn’t step in to provide loan services to students, the government tried to rectify the situation, but may have made things worse.

Neal Brennan: College Loans

A student in my Labor Economics class shared this great clip of standup comedian Neal Brennan discussing why banks don’t want to loan for college degrees. This is a great clip to talk about capital market imperfections and even signalling.

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