Introduction to Economics | Walter Block

[uria702]

Walter Block is a very bright economist. His lectures are always entertaining. It would be great to have him visit us here at NYU.

[dantean]

The old Soviet Union notwithstanding, the only McDonald's employees making sub-minimum that I know of who own cars and can afford an apartment (here in New York, anyway) stole the former and are squatting in the latter. Good lecture, though.

[leviksu]

where/when/to whom was this lecture given?

[roger767]

thanks for clarifying

[bulldogvillan]

Roger,

I use a toll road, well actually highway, every morning. It runs 23 miles and I don't pass through a single toll booth. I simply put a transponder in the corner of my windshield and I pass through something that measures my transponder.

[roger767]

privatized roads, wouldn't that mean, toll boots for every road and street?

[BobbyW3363]

@roger767 Most major toll roads today have those toll sensors where you pay automatically without even slowing down (example: iPass in Chicago). Also, in a free society, many neighborhood roads might still have voluntary collective ownership and upkeep, similar to how condo owners collectively pay into their condo association to pay for their parking lot, trash collection, roof repairs, etc.

[Hashishin13]

@roger767 Also business owners might provide free road services to attract customers.

[truevoice08]

Minimum wage, Unions, Drugs, Body Parts, Price Gouging, WalMart, CEO salaries, Anti-Trust, Public Roads, Oil speculation... all in one video! This is much better than his Mises U 'Interventionism' lectures. Highly recommended!