professors probably don't know much about basic economics, which is why we titled this show "stossel university and our professors are ab biand john, here to tell students abot what they hould learn about economics. you can't do it all. first thing? >> first thing to learn is that intentions are not results. judge policies by results and not stated intentions. second, people in the public sector are just as self-intested and no more enlighted an people in the private sector. john: nice or vicious as everybody else. >> asolutely. john: they are doing the public good. they are different. >> that's what theyay. joh othe ideas are taught. higher taxes ecourage work. carl smith, who teaches economics at the university of north north carolinasays taxes make me poorer and when people are poorer, they work more for the things they want, threfore taxes should make me work harder. >> when you x something, you get less of it. if you tax work, there's less of it. same for investment in business. this is why in countries with high taxes like the united states, you see slow growthand slojob creation. john: c

which is why we title this show stossel university. our first professors tonight are eby mccloskey and don boudreau. you are here to tell students what they should learn about economics. you can't do it all. >> first thing they should learn intentions are not results. judge policies by their results and not by the state intentions. people in the public sector are just as self did interested and no more enlightened than the people in the private sector. >> nice or vicious as everybody else. they are doing the public good. they are different. >> that's what they say. >> some other ideas that are taught. higher taxes can encourage work. carl smith, who teaches economics at the university of north carolina, fine school, says taxes make me poorer when people are poorer, they need to work more to pay for the things they want. therefore, taxes should make me work harder. >> when you tax something, you get less of it. if you take work you get less of it. the same for investments and business. this is why in countries with high taxes, like the

university of south dakota. >> the. >> tonight a special edition of "stossel" from the nation's capital. 1,500 college students from allathered here to debate what makes for a free society. these are our future leaders. i'm glad they are learn being the most important thing -- liberty. students usually don't learn much about that in school. tonight, what you ought to know about economic freedom. free speech,

university. >> virginia tech. >> i have city of south dakota. >> tonight a special edition of "stossel from the nation's capital. 1500 college students from all over the world gathered here to debate what makes for a free society? these are our future leaders i am glad they are learning about the most important thing, liberty. tonight what you ought to know about economic freedom, free speech, personal responsibility, drugs, privacy and america's constitution. that's our show. >> thank you. your due accidents are unusual. they are unusual because you have this special interest in liberty. most people don't which makes me wonder how many of you ever discuss liberty on your campuses? how many of your professors discuss it? >> how many discuss social justice? i am not surprised given the government for campuses. most probably don't know much about economics. our first professors tonight. you are here to tell students what they should learn about he can nomices. >> first thing they should learn are intentions are not results. you get policies by results not by state of intention. second they are no more enlightened

university. >> virginia tech. >> i have city of south dakota. >> tonight a special edition of "stossel from the nation's capital.d gathered here to debate what makes for a free society? these are our future leaders i am glad they are learning about the most important thing, liberty. tonight what you ought to know about economic freedom, free speech, personal responsibility,

charles krauthammer secured a former princeton university professor who is kind of sticking up for putin, tonight, that professor will reply. and then stosselho says it's a myth that we are all equal in america. the factor is coming right back from los angeles. [ male announcer ] frequent heartburn? the choice is yours. chalky... not chalky. temporary... 24 hour. lots of tablets... one pill. you decide. prevent acid with prevacid 24hr. you decide. the world of luxury has been to blind you from the truth. we just want to get our car... take the blue key, you go back to the luxury you know. you take the red key, and you'll never look at luxury the same again. "crack of thunder" this is unreal. it's very real. this is what luxury looks like... ...and this is what it sounds like. "blows into pitch pipe" (singing in italian) nessun dorma! ma il mio mistero è chiuso in me. (singing in italian) vincerò! (singing in italian) vincerò! ♪ ♪ ♪ to launch a startup from your garage. from compurs, smartphones and 3d printers, to coffee, snacks, and drinks to fuel the big ideas. ye staples has everything you need to launch a startup from your garage... mom

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