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Economics in One Lesson by Henry Hazlitt. Not sure if you'd rather it be a history book, if not then this is probably one of the better books for a high schooler. It's short, easy to understand, and always relevant. Not to mention the lesson is something everyone needs to internalize and take with them wherever they go, whether thinking about
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Listen, LS, I don't have all day to sit around and go back and forth with you here. This is why I comment so irregularly. If you have a point, then please just say it. Who are people? Umm, I..don't know, people? Is this an attempt to embroil me in a debate or what? How is my argument a strawman? And when you say "you guys" who exactly
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Can honesty force you to objectively define better ? LS, Yes. Greater ex post utility. In other words what the transactors would have done had they had all the appropriate information. To deny this is for one to tacitly accept that he or she knows absolutely everything about the future, otherwise how else could one claim that an intervention necessarily
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I see what he's getting at although I don't agree. If anyone reads any sort of academic economic literature you'll see many examples of "coordination failure". I wouldn't accept all of this at face value but libertarians invoking market mechanisms as their argument should realize some of this stuff as legit and accept that
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AC is correct. Choosing a stateless society or a minimal state is about comparitive institutional analysis, that is, which is better on the margin. They needn't be perfect, nor solve all our problems.
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Liberty Student, No source in particular, except the large body of work by Mises, Rothbard, et al. on praxeology. This thread has gone in a couple of directions and I don't want to pull it somewhere else by bringing in a debate about praxeology. My post was in regards to DD5's comment about the "praxeological impossibility" of holding
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This reliance on praxeology that some here have is not only hindering good economics from being done, but it is also, from my understanding, totally at odds with what praxeology is for. I'm not seeing the 'ontological glue' that's holding together a particular definition of money with positive aspects of reality. In other words, I don't
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Not what he said or implied, Daniel.
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The Fluttering Veil is an excellent book Modus. And to your earlier point about the emergence of fractional reserves, I completely agree. 100 percent reservists by arguing against free banking, whether they realize it or not, are making a case against a completely unhampered market.
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Thanks George. This is good to know. On a slightly different note, is there any plans to re-release your book on free banking? I've been wanting to read it for quite some time but it's always too expensive.