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Well I haven't read the whole thread but Rothbard's stance on abortion is simple. Even if you grant that a fetus is a living being, it does not grant that fetus the right to live at expense of the mother. In the eyes of the mother, the baby is a parasite; granting the fetus the right to live even if the mother does not want it is akin to forced
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Typical NR: you don't have any rights unless you own property. As far as the segregation thing, you have to admit that the 1964 Civil rights act did do alot to end racism in this country; whether you agree with the methods or not, it certainly was very successful. Is that not an end worth having?
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[quote user="Richard A Garner"]A trolley is running out of control down a track. In its path are 5 people who have been tied to the track by a mad philosopher. Fortunately, you can flip a switch which will lead the trolley down a different track to safety. Unfortunately, there is a single person tied to that track. Should you flip the switch
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What effect does the federal funds rate have on the market rate of interest? I know lowering the funds rate lowers the market rate of interest, but why?
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According to ABCT, investments made will be malinvestments because (correct me if I'm wrong) there are not enough resources to carry the long-term projects through. Basically, there is investment without the saving necessary to see these investments through. So my question is, what needs to be saved? Capital? What types of capital? And how is this
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[quote user="Inquisitor"] Yet why should anyone believe in this artificial construct you call "utility maximization"? I guess the fact that interpersonal comparisons of utility and the ordinality thereof flew right over your head, eh (it deprives your view of the so-called rationality you'd like it to possess)?[/quote] Utility
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[quote user="Ego"]If you determined that mass slavery under the guide of wise central planners was the best method to reach maximum utility, would you support it?[/quote] Yes, but that is imposible. Mass slavery is not utility maximizing; it is the complete opposite. Maximum utility means the allowance of satisfaction of wants of the individual
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Just another note: I am as much a Libertarian as you are, I am a minarchist. I am not attempting to justify fascism here, only attempting to argue that utility maximization must be the utmost goal; 'natural rights' must at best be a means to that end. Understand? [quote user="JCFolsom"]Methinks doing what one thinks benefits the most
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On the contrary, my only value judgment is that maximizing utility, i.e., prosperity for the people, should be the goal of any society. Do you not agree with this? You are making the value judgment when you say that natural rights, a purely artificial construct, are more important than the well-being of the people. That to me is despicable. Mises thought
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Doing a presentation on Tues. about Fed and the money supply for our macro class (70 minutes). I definitely want to cover ABCT and stuff like that, but what I really wanted to get into was an overview of the classical/Austrian view of the Macroeconomy. Does this exist? Probably not, but what I want is the analogues to typical Macroeconomic theory. Any