These notes are from the lecture Chicago vs. Austrian view of Property Rights and Capitalism, given at the Mises University. Any errors are mine, feel free to point them out so that I can correct them. This lecture was given by Prof. Block.
General Argument for Privitization
M.N. Rothbard classic now online: “The noble task of Revisionism is to de-bamboozle: to penetrate the fog of lies and deception of the State and its Court Intellectuals.”
These notes are from the lecture Austrian Theory of the Trade Cycle II, given at the Mises University. Any errors are mine, feel free to point them out so that I can correct them. This lecture was given by Prof. Murphy. *Note: I will eventually put pictures in some of these notes, including this one.
Mises has argued that interventions in the market are unsustinable because they produce unintended side effects that must either be undone by abolishing the original intervention, or resisted with further interventions. The problem with the latter path is that the new policies intended to clean up the original mess produce problems of their own. Eventually this path will lead to a complete breakdown of economic activity if not abandoned. |
Consider these four sentences:
1) My rumbling stomach caused me to head to the kitchen for a snack.
2) My friend’s logic caused me to change my mind.
3) The gunman’s threat to kill me caused me to surrender my wallet.
4) The car’s sudden stop caused me to hit the dashboard.
More news from the category of constantly refuted but never-ending bad policies: US Imposes Tariffs on Furniture from China. La-Z-Boy can’t compete but can lobby.
The New York Times reports: “Democratic presidential candidate John Kerry on Friday proposed raising the federal minimum wage to $7 an hour by 2007, which he contended would benefit working women more than any other group.”
