learn liberty

Why Is There Corn in Your Coke? (Video)

Via United Liberty, why is Coke not made with real sugar? The answer may surprise you.

From the video:

Coke is made with corn syrup, not real sugar. Why is this? According to Professor Diana Thomas, part of the reason is because government policies artificially raise the price of sugar.

Although these government policies actually cost Americans approximately $3 billion each year, the laws remain. The law benefits one group of people (farmers) at the expense of another group (consumers). But because the cost to each American is so small, average Americans don’t have an incentive to combat the lobbying groups who fight to keep the laws in place.

This phenomenon is known as “dispersed costs and concentrated benefits,” and it applies in many cases when laws are passed that benefit a small group of citizens. Prof. Thomas says the only way to prevent or end this practice is to limit what government can do.

Social Security Vs. Private Retirement Accounts – Which Is Better For You? (Video)

Is Social Security a good retirement plan? Via LearnLiberty.org, Economics professor Antony Davies shows that Americans stand to earn significantly less and assume more risk with Social Security than other investment options.

According to professor Davies, taxpayers would be better off both in terms of financial security and return on investment by investing their money privately. Social security is extremely expensive, soon to be insolvent, and doesn’t even offer taxpayers the most bang for their buck. For those reasons, Prof. Davies argues that it is time for the government to phase out Social Security.

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