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Do you think an economic system based on voluntary exchange is tyrannical? The corporate system which he mentions would probably look different under laissez-faire. I've been meaning to make a post about this, but you probably wouldn't have a situation where shareholders are completely insulated from the actions of the corporation. You would
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@ Clayton Thanks, that clarifies it more. I still don't "get" it, but I will reread. Some times it takes me a while to digest things like this.
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[quote] Protagoras famously said, “Man is the measure of all things.” Slightly re-stated (to capture his meaning in modern language), no proposition can be more certain than that Self is the measure of all things. The truth of any other proposition can only be judged by virtue of the fact that this proposition is true. The compromise of
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Are there any states which Paul is likely to win?
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It's common wisdom that when discussing income levels, changes in income, wages, compensation, etc that we must adjust for prices. This gives us "real" income, where prices are determined by the consumer price index (CPI). The problem with this is, as Doug French points out in a recent mises.tv talk, the CPI is arbirarily determined. A
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Thanks!
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By "good" I mean a book which features a lot of information about the role America played in the war. I understand why Hoppe declares WWI as the end of civilization, but I was hoping for a book which provides more detail.
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Does anyone know what is included in "compensation" in the first graph? I looked around research.stlouisfed.org but couldn't find the data for what is being measured. I would like to get data specific to real wages, benefits such as vacation time, sick leave, pensions, 401k, etc. This would be more illuminating than just lumping it all
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Unlike most regulation, I don't think this necessarily benefits big business. The lack of GMO labeling in a free market is a reflection of consumer preferences. If it provided a competitive advantage to provide GMO labeling (if it were profitable, which is to say if consumers were willing to pay more for GMO labeling than it costs to provide GMO