This presentation is from our 2012 Challenge of Liberty Summer Seminar for high school students, which was held from June 18 to 22, 2012, at the Independent Institute Conference Center, Oakland, California.
View videos and more information about the Summer Seminars.
Benjamin Powell on CNBC discusses the pitfalls of U.S. protection of the farming industry with pork barrel farm policies, and how they hurt both Americans and producers in underdeveloped countries.
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For decades, efforts to end world poverty have focused on redistributing wealth, rather than creating it. This approach, however, has done little to foster long-term economic progress in Africa.
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In June 2005, the U.S. Supreme Court ruled in Kelo v. New London that local governments may force property owners to sell out and to make way for private economic development, even if the property is not blighted. In response, many states have passed legislation and proposed amendments to their state constitutions to block this unprecedented government assault on the rights of property owners.
