Economics and Value Freedom

Mises and Rothbard taught that economics is a value-free science. Propositions of economics, such as the law of diminishing marginal utility, neither state nor imply any judgments about what is good or bad, right or wrong. Robert Grant, an Irish philosopher who teaches at Trinity College, Dublin, disagrees.

A “Quasi” Bank Run in Motion

HSBC has apparently stopped letting customers withdraw more than £5,000 from their British bank accounts unless depositors can provide evidence of “why they wanted it.” According to the BBC:

 

Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from his mother.

A year before, he had withdrawn a larger sum in cash from HSBC without a problem.

Free Market a Better Alternative than Government

Here I go over the moderate view of libertarianism with Henrik Palmgren from Red Ice Creations. I explain why the welfare state creates poverty by creating non-intact families and I go over how the government subsidizing unemployment gives incentives for unemployment that would otherwise not be there in a libertarian world. http://www.redicecreations.com/radio/2014/01/RIR-140117.php