Writes Luigi Pirri:
Summary by Luis Rivera III:
Here Walter Block talks about how some private roads were managed before. Block mentions that carriages were charged for being on these roads based on the amount of horses that were pulling the carriage as well as the width of the wheels on these carriages. This was done in order to cover the expenses accumulated by the wear and tear caused by the different combinations of horse and carriages.
In this audio interview, Ron Paul touches on recent developments affecting the value of the dollar, the potential for currency collapse, gold, war, Russia, and more. The Ron Paul portion begins at 2:30 and ends at 17:30.
(Note: My posting of this video is not an endorsement of any of the advertised products that appear on screen in the course of the interview.)
Poor billionaire Daniel Snyder, owner of the hapless Washington Redskins, can’t catch a break. His latest indignity comes courtesy of the US Patent and Trademark office, which administratively cancelled six of his team’s trademarks. Apparently the 1946 Lanham Act forbids the registration of trademarks that disparage a particular group.
Over at Mises Canada today I discuss whether income inequality really is increasing, or whether it is a figment of some statisticians imaginations. It’s real alright, but the cause is more obvious than anyone wants to let on.
One of the worst effects of modern Keynesian economics is that its aggregate demand (total spending) approach to output and employment provides a pseudo-scientific justification for the central fallacy of mercantilism, which dates back to the 16th century. According to this ancient myth a deficit in a nation’s balance of payments results in its loss of demand, income, and jobs. This fallacious doctrine has been demolished time and again by economists during the past two-and-a-half centuries.
The Bureau of Labor Statistics’ index of meats, poultry, fish and eggs just hit an all time high. Nor are these higher prices confined to just food items. Consumer prices across the board are registering their sharpest price increases in over15 months. Inflation is accelerating on a variety of goods, from airline fares to vegetables. This must be good news to the Fed, as it has unleashed the most expansionary monetary policy of all time over the past five years.
Summary By Luis Rivera III: As Lysander Spooner said before him, Walter Block calls “taxes” what it is…highway robbery. Host Mike Smyth asks Dr. Block how would services such as fire fighting, roads, police, courts etc. be funded. He uses a reductio ad absurdum to elucidate his point. Dr. Block holds no punches and tells listeners of this Canadian radio station that North America practices a lot of fascism.
