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Just started reading Hayek's Prices and Production and I have a couple of questions. 1. Hayek says in a barter economy that interest will keep the production process from becoming to long, basically ensuring that the proper amount of consumer goods and capital goods are produced. Having a hard time visualizing how this would take place in a barter
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I don't begrudge the immigrants that are here to work. I begrudge the government for setting up this idiotic system and creating this source of conflict. My anger is reserved for them. I realize the immigrants aren't intentionally causing the problem. My concern is not whether they pay income taxes or not, but the rise in property taxes that
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I don't think the problem is with an arbitrary line, it is with the money leaving ones pocket. There are three ways to solve it. Get rid of the welfare state and public education, deny these benefits to immigrants, or reduce the influx of immigrants. They are listed in my order of preference. Why do left libertarians have a problem with the last
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It seems like Ron Paul is not cosmo enough for some of the left libertarians. If it is a ok for a libertarian to be against forms of welfare and property taxes, why is it not ok for a libertarian to have a problem with our government offering economic incentives for immigrants to come to their community. When people see a direct causal link between
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Here is Roger Garrison's take on Adam Smith. It looks like he is in agreement with Rothbard. http://www.auburn.edu/~garriro/d7smith.htm
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filc, I didn't word that specifically enough. When I say hurt the economy, I mean induce a business cycle. I realize the citizens are getting the short end of the stick. The market is not being allowed to coordinate production for the soul purpose of satisfying their individual wants, I understand that, but could the proportion of production that
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Esuric, is it possible that the Chinese people are saving enough that the Ghost Towns will not hurt their economy? Could it just result in their wants not being satisfied as fully as they would have been sans the government intervention? Anybody have any thoughts on whether the Chinese government would go so far as to direct portions of the population
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Wow, he really unloads on Dickens in this chapter in Socialism. Mises places a lot of blame on the "Literati" for creating a fertile environment in the population that would endorse Socialism. If only Russia had a Richard Cobden or a Bastiat to talk some sense into the masses, however if Tolstoy was the true voice of Russia there probably
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I think Tolstoy came down harder on the bureaucrats in Anna Karenina than the market. Oblonsky is a useless idiot that is always lobbying for a more "important position". There doesn't seem to be much sympathy for the proletariat either. Konstantin Levin's brother, who is involved with the worker's union, is not portrayed in a
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Mises seems to come down pretty hard on Russia in his book Liberalism. Basically saying they have never came up with an original idea and that most of their ideas came from Europe. Which I can somewhat agree with, but then he mentions Dostoevsky and Tolstoy with Lenin as people whose ideas lead to totalitarianism. Does anybody know specifically what