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I do not know whether my problem is related to the cloud service Mises.org is using (which is supposed to make things better) but for the last one week I experience hard time loading Mises.org pages. The loading time is now higher than before.
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This is what Bastiat argued! As a matter of fact this professor(was he a professor, I couldn't remember?) in the clip quotes both Mises and Bastiat. Bastiat said that in the market onerous utility diminishes and common utility increases. So, yes, now individuals have much more wealth (in utility) than what individuals in the past had (even the richest
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[quote user="banned"] I think I'll keep my money and buy an ice cream or something. [/quote] OK.
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Nielsio, those are very nice videos! I could not help myself ask the question - can you imagine how much more well these communities would live if their incentives were not distorted by the State (since what they are doing is considered illegal by State law)? :)
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Eric, i) government =/= State. the State does not enforce property rights, it violates them. also the State can never create conditions which enrich someone without affecting negatively another party. is every State plan a failure? i am not sure what you refer to as a failure - the State's means for achieving its ends or the ends themselves? economic
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It would induce no less of an economic disturbance if the securities are bought directly from the Treasury. But the Fed actually buys them from private dealers who have beforehand bought them from the Treasury. This is done for several purposes. One of which is for the whole charade to look like more in the sphere of the market.
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[quote user="trulib"] [quote user="Danny"]A social system of production is economic if production can be adjusted according to the relative wants of consumers.[/quote] Danny, am I right in thinking that you are being redundant by using both the term "social" and the term "economic" here? In other words, is a "social
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And let him repeat it all he likes, when HHH insists that banks are multiplying titles to the same property, he simply reveals his inability to understand the difference between a title and and IOU. IOU does not grant claim rights to an individual, additional to the original owner at the same time, i.e., does not create the problem of two guys with
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"Workers are not risk averse, per se, tho some may be. They do not have a low time preference, at least as far as any common definition of preference would say, per se, tho some may. What workers are is a diverse array of individuals with a diverse array of motives." Who has said that labourers per se have higher time preference? Such statement