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Find themselves dealing with government bureaucracy in the most ordinary and regular ways, whether it's running your payroll and having to deal with the various tax agencies you have to get records and numbers from, and it's doing everything exactly the same way for a number of years, and then finding out something was wrong, and having someone come into your office to screw around with you for the space of two and a half months. it's wasting 33% of your time in a fairly small company with ten employees to comply with various burdensome regulations. john: we need more people to start businesse...

And a great deal of 245 has to do with the sort of policies we pursue as a country, but some of it is structural. there are people graduating from college who are getting liberal arts degrees and don't have the sort of skills necessary to actually compete in the job market. they are not entrepreneurial enough, and it's just the sort of thing that's not really being taught at most universities. john: in trying to be an entrepreneur, i find it's something that makes people understand the benefits of limited government. i don't know why you people became libertarians. i assume you didn't all star...

Mix of coverage at competitive premiums, and obamacare mandates this and that coverage, that interferes with private choices. private choices that give rise to better policies in absence mandates. john: thank you, out of time for questions for this segment. thank you abby and john, and if you want to keep the conversation going, here's the twitter hash tag, isflc. i don't know how you remember that, but stands for international students for liberty conference, which is where we are. let people know what you think. coming up, what do you know about america's founding documents? i'll give you an...

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University," and our professors are ab biand john, here to tell students about what they should 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-interested and no more enlightened than people in the private sector. john: nice or vicious as everybody else. >> absolutely. john: they are doing the public good. they are different. >> that's what they say. john: other ideas are taught. higher taxes encourage work. carl smith, w...