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Greetings all. This is my first post on the LvMI boards, so please be kind. Over the past year or two, I've done much reading and studying of the Austrian theory and I've come to embrace its principles. From time to time, I read opposing views. Some of them are weak and easily refuted. Some are...
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I think I've made what will be my final post on Economics at the Science Forums Network, as I'm increasingly under the impression that it is not worth any further time and effort, I've said what needs to be said... In any case I was wondering what you guys think of how well I performed in...
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I have been listening to Rothbard and wondering about wildlife, particularly game animals like the whitetail deer. Who owns the deer and how, in a free society, can we prevent the tradgedy of the commons? It is easy to see how private ownership of a deer herd might encourage good management, but how...
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How do we deal with a murderer or rapist, in a free-market world? I understand self-defense, but let's say you were raped anway, and the rapist got away? Or maybe s/he is caught later.. what do you do? Do you shoot the rapist? Take them to a free-market court? We can apply this to a murder, too....
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I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
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[quote user="JackCuyler"] I tend to define insolvent as having a negative balance. Am I wrong? If not, it is impossible for a 100% reserve bank to become insolvent. If all deposits are simply stored, and all loans are made from real savings, as 100% reserve implies, the absolute worst possible...
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I have just read Lenin's Imperialism and given a small lecture on it for a bunch of socialists I know. I thoroughly enjoyed the book. The research is very well compiled and gives a great historical account of how we progressed. My one criticism however is very potent. And it's one no doubt many...
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Hello, I have been reading Mises.org now for about 6 or 7 years and it has really been the best teacher I've ever had on almost any social science topic I've been interested in. Usually questions I have can be answered by doing searches on the site or at least i can be directed to something off...
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I was reading "Economics in one lesson" and in the chapter entitled "who is protected by tariffs?" there was a great case against protectionist tariffs. From what i understood, it goes a something a little like this: The money that is used in creating barriers to imports may indeed...
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I'm having a debate on another forum about this subject. I was just curious about your input on the current state of it. The argument has evolved into a discussion of monopolies, with one of the participants arguing about how water is necessarily a monopoly commodity and thereby requires government...