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Two questions: 1. Could anyone help me out by giving a better explanation of how "obscene" profits by oil companies actually help consumers at the pump and don't hurt them? I understand how higher profits equal more savings, which equal more investment, which equal more capital, which equal...
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[quote user="JCFolsom"]Coercion rather implies initiation. I would not call self-defense coercion. Land ownership is a territorial monopoly on force. I am unconvinced that the anarcho-capitalist model actually eliminates coercive force. It might just distribute it better, for a time.[/quote...
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Point taken. However I'm not debating the form and makeup of a state, or indeed the virtues of anarchism! What I'm curious about is whether or not the core economic issue is the violent enforcement of a monopoly on currency ( by the state ). Fine, get rid of the FED - let the state control money...
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@ meambobbo Great post, just curious... So... perhaps what might be ideal is a completely open, free-market competition in actual currency? Gold, silver, paper money (backed 100% by X Y or Z) or e-gold, diamonds, vintage cheeses (joke!) or whatever the free-market innovates and finds most convenient...
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I still don't quite see the point in switching to a 'gold standard' at all. Why not completely abolish the enforcement of a monopoly on any single currency, be that pure gold, gold-backed, silver, fiat etc? Why not just have open competing currencies and let the free-market decide which is...
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I have issues with the book "Antitrust: The Case for Repeal" because Microsoft is a monopoly. It has a 100% monopoly on the Microsoft operating system. Now, just because it has to compete with other operating systems does not mean it has any less of a monopoly on the Microsoft operating system...
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Restrictive covenants are almost universal among anchor tenants in shopping center leases. Any organization that tries to “force” supermarkets not to use them is certainly fighting free market forces. Restrictive covenants are far preferable to zoning and other types of government coercion. Before a...
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Thanks for the answer, I think I have to be more detailed in my question/argument. The whole argument has to be seen in the context of legally enforced break-up of production chains (undbundling) in the name of 'liberalization' (NOT deregulation). [excerpt from my current argument] Let us assume...
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I need some serious assistance right now: I'm working on a paper that evaluates the impact of Open Access regulations (Third Party Access) to natural gas pipelines, and I wonder if I can make the following argument; - Forcing open access reduces the profit of pipeline operators (not controversial...
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[quote user="Torsten"] People often think in the equation big_business = free_market / free enterprise. Instead they have actually often a vested interest in high taxes and many regulations. Since this makes economic calculation and entry more difficult for new smaller competitors. There may...