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Hopefully later this week, we'll be putting Patri's Helsinki speach on the web. It was extremely illuminating and entertaining event, and should be mandatory viewing for every libertarian out there.
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Emphasizing market failure - whilst de-emphasizing governmental failure. Emphasizing calibration and optimization - whilst de-emphasizing institutional and knowledge problems. It's just intellectually dishones framing device to conceal one's political preferenses. The further one travels into that particular rabbits hole, the harder it will
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I mostly listen to music that is either fascist or socialist in its core. It's a sad state of affairs, but, alas, so be it... Stuff like this: http://www.youtube.com/watch?v=tx0GYMyiFtc Thankfully there's music that's not completely corrupted ideologically: http://www.youtube.com/watch?v=4QCA4vY9Q08
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Yes, one could, but one absolutely should not. The movie is horrible with wooden acting and plot chopped to such pieces that it's almost incoherent. The book, on the other hand, is the pinnacle of Rands fictional work. It's rather concise and flows nicely. Anthem is pretty good too. EDIT: this is a reply to John Ess. I don't know the messageboard
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Kirzner on entrepreneurial discovery: The theory of entrepreneurial discovery sees the explanation of market phenomena in the way of entrepreneurial decisions, taken under disequilibrium conditions, bring about the changes in prices and quantities. The market process so initiated consists of continual entrepreneurial discoveries; it is process discovery
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Video here . I fear I have an embolism forming in my brain. The general arrogance, the hachet job on Adam Smith, etc. The first part is OK, nothing particularly interesting though.
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[quote user="Lilburne"] For a spell, I read each Economist from cover to cover. It played a huge role in my shift to laissez-faire liberalism. Now its economic fallacies drive me crazy, and I can hardly stand reading it. [/quote] Jokingly, me and couple of friends refer to The Economist as The Communist. For news, I just browse through some
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This must be a joke of some sort. Must be. I'm completely flabbergasted.
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Econtalk podcast of last week is on this very topic. Very informative and had a lot to give, at least to me. http://www.econtalk.org/archives/2009/10/calomiris_on_th.html
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This sounds very much like the argument made by Julian Simon. My understanding is, that pricing of the goods on the market leads to rationing of the resources in such a way, that they are never actually exhausted. Thus, economically speaking, all resources are infinite. I bet there are people who think that It's a bit convulated of an argument.