Monopoly and Competition

Recorded at Mises University 2003.

Recorded at Mises University 2003.

Presented at the Mises Institute on 18 November 2003. Includes a Question and Answer session.

Recorded at Mises University 2003.

Recorded at Mises University 2001.

Recorded at Mises University 2001.

Rothbard covers the principles of demand and supply curves. Prices are at the seat of the whole system. Use the logic of reality. The most mobile labor force is teenagers. Over time, capital equipment per laborer increases. Real wage rates increase. Consumer prices decrease.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(29:32)

The Chinese "yellow peril" was the late nineteenth century menace. And today, write Cecil Bohanon and T.N. Van Cott, the menace is outsourcing. The Chinese and Indians are selling Americans things like computer software at bargain basement prices. But there is nothing special about outsourcing software technology. All that matters is whether the Chinese and Indians sell for less than what current American software producers could earn in their next most lucrative employment. If so, outsourcing enhances U.S. living standards.

Trade with China is beneficial to the U.S. economy, writes Grant Nülle, but grave danger lurks in the area of monetary policy. Beijing is furnishing cheap credit to finance Washington's fiscal deficit and consumer indebtedness in America, accentuating a misallocation of capital and investment priorities propagated by the Fed-backed fiat money. Meanwhile, China's four largest state-owned banks, which together claim 61% of the country's loans and 67% of its deposits, are saddled with mounting bad debts.