Austrian Economics, Anarchy, Liberty Leaders & Socio Biology

07/09/2014 Mises Wire Walter Block

Summary by Luis Rivera III: What constitutes theft? Do governments steal? If someone takes something from someone is it necessarily theft? How free market were Milton Friedman, Ayn Rand, F.A. Hayek and Ron Paul? The Austrian School of economics and socio biology is talked about in this lecture. The Austrian’s view on minimum wage. Empirical research illustrates not tests what Austrian’s have been saying: The higher the minimum wage ceteris paribus the higher the unemployment. Albeit not exact, good correlation exists among different states. This lecture from Block is complimented with questions from the inquisitive attendees. In one of these questions Block answers how would he donate his money within the school system to expose the youth to libertarian ideas! Below are all parts of this lecture. Listen in it will be worth it: https://www.youtube.com/playlist?list=PLbrMmwJ-XAt_kIYFQd6M4g3mFM5S9AwV0

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