Georgia Tech YAL experienced its busiest month in April. On top of bringing Lawrence Reed, president of the Foundation for Economic Education, we also did some chalking to raise awareness about the debt. All of this was somehow balanced within the three most mentally racking weeks at Georgia Tech: Hell Week, Dead Week, and of course, finals, which we just finished last week. Considering that most people at Tech hid in the cubicles in the library for the majority of April, we still had a great end to our first semester as a YAL chapter.
Lawrence Reed gave a wonderful lecture on the Great Myths of the Great Depression. Contrary to popular misconceptions, the Great Depression was not caused by free-market capitalism, nor was it solved by government intervention. Mr. Reed eloquently debunked the conventional view and traced the central role that poor government policy, including the inflationary policies of the Fed, tariffs, high taxes, and government programs, played in prolonging this depression for over 12 years.
We also passed out our own custom-made “Join GT YAL” fliers, which include a “violated” Bill of Rights, as well as copies of Reed’s essay version of his lecture. You can download and read the PDF version of his essay here. Or you can watch the video here.
And here are all of our YAL officers with Lawrence Reed!
Following our Lawrence Reed event, we also did some April activism during Dead Week (the week before finals). Since we knew that everyone would be busy studying/rushing to the library in between classes, we decided that chalking, rather than tabling, would be the most effective way to post our “Debt Clock”:
We drew a number on each square and even wrote out the debt out in words to really emphasize its enormity:
There was no way to avoid it; the long walk up “Freshman Hill” to the library was covered with our obnoxiously big neon-colored $15,624,251,022,273, even though it’s increased at least $50 billion since then… Although we didn’t get much feedback this way, we know that we made people more aware of it, and that’s the first step to solving it.