Another fine Stand-Up Economist clip
"Microsoft Researchers say cybercrime loss estimates are a bunch of bunk"

"The Beltway Establishment Still Doesn't Get It"

Jay Cost destroys one of the newest It's-All-the-Republicans-Fault arguments. 

The American political process is starting to break down because of major changes to the political economy of this country. For half a century after World War II, the economy grew at such an incredible pace that we could have low taxes, high social welfare benefits, and a low deficit. This was one of the major reasons why there could be bipartisanship. Economic growth bankrolled these “great” compromises. It had very little to do with the foresight, courage, or moderation of the pols in Washington. They were just riding the wave generated by the private sector.