10 Hilarious Economic Lessons From South Park

As a result of the defeat in World War I, Germany had to pay reparations in gold or foreign currency, in annual installments of 2 billion goldmarks plus 26 percent of the value of Germany’s exports.

“The man who damns money has obtained it dishonorably; the man who respects it has earned it.”–Ayn Rand Money is a medium which facilitates trade, representing a value based on productive labor. It is not greed embodied, nor is it a source of evil. Avarice, greed, and gluttony are what people are truly lamenting when…

Private Prisons What the Right believe: Public-private partnerships always produce better value and more efficient services because the private sector understands business better. The Truth is: While public-private partnerships may produce better trash removal programs, they are not the end-all fix for government problems. Private prisons for example, long lauded by the Right as money…

Effects of Regulation- What the Left believes: Regulation is government making sure that things are safe, clean, effective, and fair. The Truth is: While regulation should provide the basic guarantees most Americans want, many don’t realize how excessive and overbearing it has become. Nearly 90,000 new regulations have been enacted in the past 20 years….

5. Value Value is subjective. A bottle of water is worth a lot more to a man dying of thirst in the desert than it is to the man who lives next to a natural spring. When a natural disaster hits, the media often chastises those who bring in water and food from outside areas…