As a teacher of economics, it’s sometimes difficult to get the conversation started on topics like freedom, free markets and taxation. Before I found izzit.org, the reality was hard: my students didn’t really want to know about this stuff. Back then, good economics questions usually came from discussing the lunch menu and perhaps other choices they might face that day.
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How could such a little country rise from the depths of communism into a flourishing economy? A gem of Europe in just a decade? They wanted to know. That question led to an analysis of the country’s economic policy, which led to questions about taxation issues there, as well as at home…
What? I was stunned. Students formerly interested only in the lunch menu were now participating in a debate about state and federal tax law!
In 2009-10 I looked forward to using the video again--this time in hopes of steering the students down the path of a more efficient taxation policy debate. Well that didn’t happen. Now they wanted to know how a small country they never heard of could be doing so well, while the US was about to implode due to a financial housing crisis. Was it capitalism’s fault? Still, I saw this as an opportunity.
I jumped at the chance to have them investigate all of the culprits involved in the financial crisis. As the students began to ask better questions, our investigation led to the 30-year evolution of a law passed by government officials back in the 1970’s. This revelation led many to an understanding of the importance of limited government, as well as how laws passed by our elected officials can create incentives for businesses and individuals to act recklessly. My former “lunch menu questioners” were now delving into issues that they would soon inherit as adults. They were becoming true American citizens--asking tough questions about our financial system.
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