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<?xml-stylesheet type="text/xsl" href="http://mises.org/Community/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>Musings from an Economics Student : books</title><link>http://mises.org/Community/blogs/champthom/archive/tags/books/default.aspx</link><description>Tags: books</description><dc:language>en</dc:language><generator>CommunityServer 2008.5 SP2 (Build: 40407.4157)</generator><item><title>An Austro-Libertarian Review of Glenn Beck's "Common Sense"</title><link>http://mises.org/Community/blogs/champthom/archive/2009/08/11/an-austro-libertarian-review-of-glenn-beck-s-quot-common-sense-quot.aspx</link><pubDate>Tue, 11 Aug 2009 11:40:00 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:240329</guid><dc:creator>champthom</dc:creator><slash:comments>4</slash:comments><wfw:commentRss xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/Community/blogs/champthom/rsscomments.aspx?PostID=240329</wfw:commentRss><comments>http://mises.org/Community/blogs/champthom/archive/2009/08/11/an-austro-libertarian-review-of-glenn-beck-s-quot-common-sense-quot.aspx#comments</comments><description>&lt;p&gt;In recent months I have become involved in the local Tea Party
group. It&amp;rsquo;s a rather odd experience - I&amp;rsquo;m approximately 30-50 years
younger than everyone else in the group. I tend to lean towards
anarcho-capitalism/agorism while everyone else tends to be diehard
conservative (mind you, I try to keep quiet about that since as Bob
Lefevre put it, mentioning the word &amp;ldquo;anarchism&amp;rdquo; brings up images of
mustached men in black capes carrying bombs with most people). Anyways,
this group is closely tied with the local 9/12 group and as a result,
I&amp;rsquo;ve heard people rave about how great Glenn Beck is and how his book
&amp;ldquo;Glenn Beck&amp;rsquo;s Common Sense&amp;rdquo; is &amp;ldquo;must read.&amp;rdquo; I decided to check it out
from my local library and apparently, there was quite a queue to check
out the book - 6 different libraries had the book, but they were all
checked out and 30 people had placed holds by time I got&amp;nbsp;there.&lt;/p&gt;
&lt;p&gt;Well, fortunately I managed to get my copy today and even read all
of it. I was not aware that Mr. Beck&amp;rsquo;s book was packaged with Thomas
Paine&amp;rsquo;s original &amp;ldquo;Common Sense&amp;rdquo;, which beefs it up from what would
otherwise be a skinny pamphlet. Nonetheless, I did read Beck&amp;rsquo;s portion
of the book in hopes of learning something about the people in my group
and where they are coming&amp;nbsp;from.&lt;/p&gt;
&lt;p&gt;The overall theme of the book is &amp;ldquo;unity.&amp;rdquo; Beck&amp;rsquo;s argument is
essentially this - after 9/11, we all felt good and &amp;ldquo;united&amp;rdquo; as a
nation (I&amp;rsquo;ll say more on that later). But then we started bickering and
divided and that&amp;rsquo;s how the politicians made government grow and take
away our liberties. What we need to do, then, is to go back to what
united us as a nation to begin with, limited government and so forth,
and we&amp;rsquo;ll all be just&amp;nbsp;fine.&lt;/p&gt;
&lt;p&gt;It&amp;rsquo;s very tempting to say there&amp;rsquo;s nothing good with this book. A
more hardcore Austrian or agorist is tempted to attack the book because
Beck does not come from an Austrian perspective (it&amp;rsquo;s a pity that based
on the bibliography of sources in the book, not a single Austrian is
mentioned - no Mises, no Rothbard, no Hayek, etc. Not even familiar
names for those truly interested in liberty, like Milton Friedman, Ayn
Rand, John Stuart Mill, etc. The only good economist he quotes is
Thomas Sowell, which is really limiting himself when there&amp;rsquo;s so many
good economists that can support his cause). Likewise, a Randroid would
be tempted to dismiss the book because it lacks &amp;ldquo;a proper
epistemology.&amp;rdquo; But there are a few good&amp;nbsp;things.&lt;/p&gt;
&lt;p&gt;For instance, on page 9, he describes the all too common story of
the State using crises in order to gain power. Later, he makes a brief
mention of both corporate and personal welfare which is good as not too
many conservatives are willing to admit that corporate welfare is just
as bad as personal welfare. He attacks both Republicans and Democrats
as being one and the same. He does what very few conservative pundits
are willing to admit is that there are &amp;ldquo;Progressives&amp;rdquo; (personally, I
prefer the term &amp;ldquo;Statist&amp;rdquo; in what he is referring to those favoring
increased state powers and intervention, not necessarily restricted to
the Progressive movement of the early 20th century) on the right who
favor intervention in the form of a military welfare state as much as
Progressives on the left have the image of favoring the personal
welfare state. Yet despite these astute observations on the nature of
the State that might lead one to a more anarchist position, Beck
doesn&amp;rsquo;t seem to think there&amp;rsquo;s anything inherently wrong with the
system, per say, only the people who are in it at the moment. That
brings us to some of the things wrong with the&amp;nbsp;book.&lt;/p&gt;
&lt;p&gt;Now, it&amp;rsquo;s very tempting to attack some of the things Beck seems to
think are crucial to the cause of liberty - a border fence, climate
change denial, etc. I&amp;rsquo;ll avoid those only because I can write entire
articles just dealing with those subjects alone. Instead, I&amp;rsquo;ll focus on
more broader issues. On page 14, Beck says:&lt;br /&gt;
&lt;i&gt;Compassion and capitalism go hand in hand, but compassion does not
go with what these people [those selling the idea of &amp;ldquo;debt isn&amp;rsquo;t bad&amp;rdquo;,
particularly with the housing market] are really promoting: greed. Of
course, not everyone fell for their lies&amp;thinsp;&amp;mdash;&amp;thinsp;some banks and mortgage
companies refused to play the &amp;ldquo;home giveaway&amp;rdquo; game. To them, things
like debt, income, and character stille mattered and they prudently
denied unqualified borrowers. And what was their reward? They were
labeled racist, greedy, and out of touch with the new reality. &lt;/i&gt;&lt;/p&gt;
&lt;p&gt;Mr. Beck seems woefully ignorant of Austrian Business Cycle Theory.
Yes, I should be kinder on the fact he is a pundit and not an
economist, but &lt;span class="caps"&gt;ABCT&lt;/span&gt; can easily explain the
housing market scenario without resorting to claiming banks were
&amp;ldquo;greedy.&amp;rdquo; Banks that sold mortages to people who were offering
sub-prime mortgages were merely responding to incentives that were
helped put into place by the central banker, the Federal Reserve. It
wasn&amp;rsquo;t so much people being &amp;ldquo;greedy&amp;rdquo; as it was people acting in their
own self interest and having resources misallocated because of how the
central banker acted. A minor quibble, but&amp;nbsp;still.&lt;/p&gt;
&lt;p&gt;Another thing is about salaries of members of Congress. Beck seems
to think they get paid too much, and frankly, I&amp;rsquo;m not particularly fond
of the fact they get paid to so much and yet they tend to do an awful
job. But let&amp;rsquo;s be a bit reasonable. The salary that Beck cites is
$174,000 a year. Why is that? Well, consider the fact that Congressmen
and Senators tend to need money to pay for a home near &lt;span class="caps"&gt;DC&lt;/span&gt;
and a home in their home district so they have somewhere to be when the
house isn&amp;rsquo;t in session. Furthermore, I&amp;rsquo;d rather the taxpayer pay these
people as opposed to having to be bought off by special interests just
so they can get by. Yes, they are bought out by special interests now
but a morally sound politician (if one can exist) could manage to live
without selling themselves&amp;nbsp;out.&lt;/p&gt;
&lt;p&gt;The biggest thing for me, though was how he had to bring religion
into it. The rest of the book was alright - pretty much stuff any
libertarian or Old Right conservative should be able to agree upon,
like about out of control spending, the rise of the political elite,
and increasing powers of the state. But then he has to invoke God and
it&amp;rsquo;s a rather poor attempt at it. He quotes Ben Franklin and how he
believes in God (Ben Franklin was in fact a Deist who once remarked
that &amp;ldquo;Lighthouses are more useful than churches&amp;rdquo;) and he even quotes
Thomas Jefferson, while also a Deist, was very skeptical of religion
including Christianity (one of his great contributions was the
Jefferson Bible, a version of the Gospels with all supernatural
phenomena pertaining to Jesus removed and strictly the philosophy of
Christ remaining). Point is, it&amp;rsquo;s misleading to say the Founding
Fathers were religious. Yes, they believed in God. But they were far
from being devout evangelical Christians some like to portray them as.
Yes, some of them were rather devout (George Washington comes to mind).
But for most of the Founding Fathers, they would accept the idea that
God created the world and that&amp;rsquo;s about it. To them, religion is just a
human invention, and Holy Books were just individual interpretations.
Furthermore, Beck seems to suggest that one needs religion to be moral
and I do not believe that is the case. One can think of many men who
did not believe in religion or God and still managed to lead virtuous
lives. While a virtuous citizenry is an admirable thing, this does not
necessarily translate to a religious&amp;nbsp;citizenry.&lt;/p&gt;
&lt;p&gt;To be fair, Beck does not do a lot of plugging for this 9/12
project, tending to refer to how America felt &amp;ldquo;after 9/11.&amp;rdquo; At the end,
he drops the 9 principles and 12 values. Most of them I can agree with
- I tend to agree with the general spirit conveyed, but I agree with a
few of the principles, notably one and two and the second value of
&amp;ldquo;reverence&amp;rdquo; (the 12 values are based off Ben Franklin&amp;rsquo;s personal values
that he strived to maintain, but as mentioned, Ben Franklin&amp;rsquo;s idea of
reverence is probably one differing from what Mr. Beck is suggesting).
As I&amp;rsquo;ve already discussed principle 2 (&amp;ldquo;I believe in God and He is the
Center of my Life&amp;rdquo;), I&amp;rsquo;ll discuss number 1 - &amp;ldquo;America is good.&amp;rdquo; But &lt;span class="caps"&gt;WHY&lt;/span&gt;
is America good? I cannot imagine a situation where one can
axiomatically derive &amp;ldquo;America is good.&amp;rdquo; What makes us good? Is it our
system of government? Our economic system? Our military? The fact we&amp;rsquo;re
#1 in some statistics? A poll perhaps of Americans who answered in the
affirmative to &amp;ldquo;America is good&amp;rdquo;? True, it&amp;rsquo;s not catchy to elaborate
but it comes off as mindless patriotism. However, there is one
principle I am particularly fond of - &amp;ldquo;It is not un-American for me to
disagree with authority or to share my personal opinion.&amp;rdquo; This, in a
way, seems to undermine it&amp;rsquo;s message of unity and that is not
necessarily a bad&amp;nbsp;thing.&lt;/p&gt;
&lt;p&gt;Perhaps Beck thinks America is good for its unity, the entire theme
of both the book and the 9/12 project which I have a problem about. In
the discussion about religion, Beck feels that religion is important
because religion &amp;ldquo;unites&amp;rdquo; us. Just the other evening, at the local Tea
Party group meeting, I disagreed with another member&amp;rsquo;s comment that we
should be about &amp;ldquo;English first&amp;rdquo; because I do not believe that people
should be forced to speak a particular language. I was scolded and told
how English &amp;ldquo;unites&amp;rdquo; &amp;ldquo;us.&amp;rdquo; Beck&amp;rsquo;s goal of the 9/12 movement is to
&amp;ldquo;unite&amp;rdquo; us as we were on 9/12, the day after 9/11. But is unity what
it&amp;rsquo;s cracked up to be? True, a house divided cannot stand. The 9/12
Movement uses the likeness of the &amp;ldquo;Join or Die&amp;rdquo; cartoon by Ben
Franklin, from when the image was used to unite the colonists against
the British. Yet unity, I think, isn&amp;rsquo;t always what it&amp;rsquo;s cracked up to
be. The talk of &amp;ldquo;unity&amp;rdquo; hearkens in my mind the Nazi slogan of &amp;ldquo;Ein
Volk, Ein Reich, Ein F&amp;uuml;hrer&amp;rdquo; (&amp;ldquo;One People, One Country, One Leader&amp;rdquo;). I
think, contrary to Beck, that bickering is productive - I&amp;rsquo;d be scared
if everyone in government was in total agreement with each other and in
public discourse there was a unity of thought. There&amp;rsquo;s a few places I
can think where this happening - the Soviet Union, Nazi Germany,
Fascist Italy, etc. Personally, I think our differences are good. I
think one of the things of what makes America good is that we have a
rich diversity of colors, creeds, ethnic backgrounds, etc. I have
nothing against unity at all - you need some form of consensus - but to
get some sort of total assimilation, to totally unite us and have us
all feel as one is a bit much. I would feel a bit scared if everyone
thought like me, or at least fought similar. I dislike socialists but I
think they&amp;rsquo;re handy to be around just to provide a dialectic force. I
think that argument can be constructive. I think with diversity comes a
wide range of choices and a rich&amp;nbsp;flavor.&lt;/p&gt;
&lt;p&gt;Overall, I think Beck means well. But I don&amp;rsquo;t think that &amp;ldquo;unity&amp;rdquo;
should be a goal but rather liberty, a society that protects private
property, a society where people are free to act in accordance to
natural law which Thomas Paine, author of the original &amp;ldquo;Common Sense,&amp;rdquo;
had in&amp;nbsp;mind.&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;&lt;img src="http://mises.org/Community/aggbug.aspx?PostID=240329" width="1" height="1"&gt;</description><category domain="http://mises.org/Community/blogs/champthom/archive/tags/books/default.aspx">books</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/teaparty/default.aspx">teaparty</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/review/default.aspx">review</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/beck/default.aspx">beck</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/912/default.aspx">912</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/glennbeck/default.aspx">glennbeck</category></item><item><title>You know you've been reading too much Mises.org when...</title><link>http://mises.org/Community/blogs/champthom/archive/2009/05/01/you-know-you-ve-been-reading-too-much-mises-org-when.aspx</link><pubDate>Fri, 01 May 2009 14:52:00 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:137601</guid><dc:creator>champthom</dc:creator><slash:comments>2</slash:comments><wfw:commentRss xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/Community/blogs/champthom/rsscomments.aspx?PostID=137601</wfw:commentRss><comments>http://mises.org/Community/blogs/champthom/archive/2009/05/01/you-know-you-ve-been-reading-too-much-mises-org-when.aspx#comments</comments><description>&lt;p&gt;...you dream of Jeff Tucker and have Mises Institute books in your dreams as product placement.&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;Honest to God, I had a dream last night where I was in Wal Mart and for some reason, Jeff Tucker was there, sitting in a little Red Rider wagon in a store aisle, wearing his trademark khaki pants, shirt, blue jacket, and little bow tie, reading the Mises Institute&amp;#39;s new edition of &lt;a target="_blank" href="http://www.mises.org/store/For-A-New-Liberty-P301.aspx"&gt;Rothbard&amp;#39;s &lt;i&gt;For a New Liberty&lt;/i&gt;&lt;/a&gt;. We exchange some words and he wants me to pick up books for him at Wal Mart that I think he&amp;#39;d be interested in.&lt;/p&gt;
&lt;p&gt;Obviously not too many Wal Mart stores carry Austrian economic texts, so for some reason, I went to look in the toy department and they had some Nacy Drew type of book (I just know it was a kinda girly kind of book), and I put in some sort of walkie talkie sort of thing in the bag, and some other really bizzare toys.I bring these back to Jeff and said &amp;quot;Well, it&amp;#39;s not like you&amp;#39;re going to find &lt;a target="_blank" title="Rothbard&amp;#39;s Logic of Action" href="http://www.amazon.com/Logic-Action-Austrian-Economists-Twentieth/dp/1858980151/ref=sr_1_1?ie=UTF8&amp;amp;s=books&amp;amp;qid=1241190002&amp;amp;sr=8-1"&gt;Rothbard&amp;#39;s &lt;i&gt;Logic of Action&lt;/i&gt;&lt;/a&gt; at Wal Mart.&amp;quot; He says these are going to be terrific and thanks me.&lt;/p&gt;
&lt;p&gt;The dream goes off in a weird tangent after that, but yeah, Jeff Tucker is in my dreams, as is product placement for Mises Instiute books.&lt;/p&gt;
&lt;p&gt;I suspect this is my mind&amp;#39;s way of saying I should get on the ball in writing that live blog of &lt;i&gt;For a New Liberty&lt;/i&gt;. The good folks at the Mises Institute were kind enough to send me a review copy and they&amp;#39;ve been stiffed out a review thus far. Well, I think I better get around to it today, before I&amp;#39;m like MacBeth and start seeing the book before me.&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;&lt;img src="http://mises.org/Community/aggbug.aspx?PostID=137601" width="1" height="1"&gt;</description><category domain="http://mises.org/Community/blogs/champthom/archive/tags/books/default.aspx">books</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/tucker/default.aspx">tucker</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/foranewliberty/default.aspx">foranewliberty</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/rothbard/default.aspx">rothbard</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/jefftucker/default.aspx">jefftucker</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/jeff/default.aspx">jeff</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/logicofaction/default.aspx">logicofaction</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/dreams/default.aspx">dreams</category></item><item><title>Tip for the avid economics student</title><link>http://mises.org/Community/blogs/champthom/archive/2008/01/10/tip-for-the-avid-economics-student.aspx</link><pubDate>Fri, 11 Jan 2008 00:29:00 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:9312</guid><dc:creator>champthom</dc:creator><slash:comments>1</slash:comments><wfw:commentRss xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/Community/blogs/champthom/rsscomments.aspx?PostID=9312</wfw:commentRss><comments>http://mises.org/Community/blogs/champthom/archive/2008/01/10/tip-for-the-avid-economics-student.aspx#comments</comments><description>&lt;a href="http://publicdomainreprints.org"&gt;This site&lt;/a&gt; that lets you buy physical copy of online public domain books is a God sent. &lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;While I doubt the moderators here will not be pleased to tell you that I&amp;#39;m able to get &lt;a href="http://www.mises.org/store/Recent-Literature-on-Interest-P436C0.aspx"&gt;&amp;quot;Recent Literature on Interest&amp;quot;&lt;/a&gt; by Boehm-Bawerk for half the price that the Mises Institute is charging.&amp;nbsp; &lt;/p&gt;&lt;p&gt;Of course, from what I&amp;#39;ve read elsewhere, you get what you pay for. It&amp;#39;ll be a generic cover and the text will be a scan of the book as opposed to actual text, so it might be a bit hard on the eyes. There&amp;#39;s also a 700 page limit, so unfortunately, I was not able to get a copy of Philip Wicksteed&amp;#39;s &amp;quot;The Common Sense of Political Economy&amp;quot; which I&amp;#39;ve seen recommended elsewhere but has been out of print for some time. Same goes with Alfred Marshall&amp;#39;s &amp;quot;Principles of Economics&amp;quot; which, sadly, is only avaliable in abridged form. Also, it&amp;#39;s limited only to books avaliable on Google Books or the Internet Archive at Archive.org. Finally, in some cases, it&amp;#39;s just cheaper to buy a new copy of the book (for example, a copy from this site charged about $12 for a copy of Malthus&amp;#39; &amp;quot;Essay on Human Population&amp;quot; whereas you can get a new copy off Amazon for $10).&amp;nbsp;&lt;/p&gt;&lt;p&gt;&amp;gt;I&amp;#39;m sure that the moderators will not be pleased for me advocating buying Austrian books from another site, but I think they can withstand a little market competition. Of course, as I said, if you were to buy from the Institute, you&amp;#39;ll be getting a far superior product in terms of quality and probably supprting the Mises Institute as well. But if you&amp;#39;re cheap, you can get readable economic classics at a low cost.&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;&lt;img src="http://mises.org/Community/aggbug.aspx?PostID=9312" width="1" height="1"&gt;</description><category domain="http://mises.org/Community/blogs/champthom/archive/tags/bohm-bawerk/default.aspx">bohm-bawerk</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/store/default.aspx">store</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/wicksteed/default.aspx">wicksteed</category><category domain="http://mises.org/Community/blogs/champthom/archive/tags/books/default.aspx">books</category></item></channel></rss>