The Fallacies of Public Finance | Walter Block

[tabletalk33]

Excellent, wonderful, erudite, worth its weight in gold! Thanks for the education! Excelsior!

[RSG132]

I Love the Mises Media Youtube page

I hope they don't remove this page because of SOPA act !!!

[basscataz]

i love the gabriel kolko comment!!! 31:25

[fergus247]

If people THINK they are being taxed at 100%, they wont produce much. But if they are in fact taxed at 100% but dont know it, then they will produce all the same:)

thats how it works in this country where the income tax is min. 40% and if you have high income its about 70%. Then there is the 25% value added tax on every good you can purchase here. Then there is additional taxes, electricity is 3x the normal price due to tax, same with gasoline. Then there is inflation which also takes away.

[fergus247]

@fergus247 But the danes are very happy and very productive apparantly

[derekaiton]

A lighthouse also may need to be shut down for service occasionally (lighthouse keeper vacation?). Boats subscribing to the service could be warned of the future outage.

[RKAddict101]

31:25 "He's a marxist...but he's very good on property rights. Don't ask"

[Lifeblood086]

Walter Block looks like a gym teacher today.

[goodatbasebal]

Thomas Sowell has written many books on the Black family & how the states interference has lead to more and more poverty & illegitimacy.

[natepepin09]

I much prefer long videos because I understand far more. I find short videos explaining complex topics to be quite annoying,

[markleerose]

Watermelons lol

[BarrySlisk]

They get paid for these speeches? I'm disappointed. I thought they did it to promote freedom and sound economics...

[032125]

@BarrySlisk Not even commie professors are that stupid.

[cowboy1165]

@BarrySlisk Yes, but you and I didn't pay for it and we still made out with a free education, and professor Block got paid for his time and knowledge. Now I'm going to show the intent of this unintended consequence, and go buy a couple books.

Why can't the grandiose of intentions just be grand. This is, in my opinion, why I think many people cannot comprehend the gracious nature of capitalism. They throw their hands up and cry greed. No offense of my ramblings to you intended.

[RKAddict101]

@BarrySlisk If they get paid, they can live and spend their money to promote freedom and sound economics more?

[BarrySlisk]

@RKAddict101

They can spend it better than the Mises Institute?

[RKAddict101]

@BarrySlisk Whoever hired them to speak would only hire them if they valued the utility of their speech over the dis-utility of the wage they had to pay them. The speakers would only speak if they valued the utility of the wage over the disutility of their time giving the speech. (add all possible subjective valuations in as well) Whatever their valuations, they are all wealthier after the exchange. To answer your question directly, who knows? Values are subjective.

[Pazrayna]

but the government does exclude people from a crowded street, like when people are pissed off and want to protest, the government will exclude those people from using the street.

[Pazrayna]

@Pazrayna even tho the government said it wouldnt.

[SuperSneakySteve]

This was a pretty good video. I wish there were shorter versions though.

[Pazrayna]

@SuperSneakySteve He did give you the short version at the beginning.

[usernameted1]

Walter Block, the man who sold his integrity for statist handouts.Now he just make ex-post facto justifications for having no intellectual integrity.So sad...

[Guest655321]

@usernameted1 To whom exactly did he sell himself out?

[usernameted1]

@Guest655321 You must be a minarchist.

[BarrySlisk]

@usernameted1

What, because he uses public roads and schools?

[usernameted1]

@BarrySlisk Are you serious ? Please pretend like you can think.

[BarrySlisk]

@usernameted1

Sorry, did not realize you were a troll.

[usernameted1]

@BarrySlisk So that is your argument, that I am "troll" got it.

[BarrySlisk]

@usernameted1

No, that was not an argument. It was a realization.

[usernameted1]

@BarrySlisk Irrationality and ad-hominem attacks with anyone you disagree with,your personal relationships must be awesome!

[BarrySlisk]

@usernameted1

I really have no idea what you are talking about. I asked a question and you started attacking me. Just don't reply anymore. Please.

[Illyrien]

@usernameted1

What statists handouts?

[usernameted1]

@Illyrien The guy is a tenured professor at a state university

[Illyrien]

@usernameted1

He also drives on public roads... With the state having nationalised so much, its difficult to avoiding somehow receiving something from the state. He talks a little about in this debate "Debate: It is Smart to Get a PhD in Economics"

[usernameted1]

@Illyrien "He also drives on public roads... " is that your argument? Do you see the huge blaring logical flaw in that? See Walter Block knows better and still uses that logical fallacy , that is why he's a intellectually corrupt.Do you not know better genuinely? Or are you actively trying to conflate the use/threat of force with voluntary choice?

[gergenheimer]

@usernameted1 There is no "logical fallacy" in accessing state-provided services (roads, schools,etc.) while advocating against the state - because we are forced to pay for those things, and, in many cases, government prohibits us from having any private alternatives to choose from. Conversely, by your logic, anyone who is critical of laissez faire capitalism should not use anything produced in the free market. (good luck with that.)

[usernameted1]

@gergenheimer Haha, I love it.Even in your examples you are trying to merge voluntary choice with force/ threat of force.I love how you use roads and schools 2 things that are non voluntary to opt out of, walter block can voluntarily choose his profession with out being arrested, he chose on his own free will to work for a state protected tax payer funded government cartel.You can not use your own currency or build your own roads voluntarily so that is a cop out for the intellectually corrupt

[usernameted1]

@gergenheimer Point # 2 "by your logic, anyone who is critical of laissez faire capitalism should not use anything produced in the free market. "EXACTLY my friend.That is the beauty of free market capitalism,no will use force against you if you disagree.You can opt out without violence.You do not have to exercise your own property rights, join a hippie commune out in the woods and denounce the free market (and it's products) with out being forced to participate.That would be integrity at least.

[RKAddict101]

@usernameted1 Please explain the huge blaring logical flaw in that.

[AussieAustrianBlog]

@usernameted1 What a stupid comment...really...

[usernameted1]

@AussieAustrianBlog Is that your reasoned out logical argument to him being a tenured professor at a state school voluntarily, while he rails on about state protected monopolies and cartels ? At least he can do ex post facto reasoning you just have ad-hominems...

[Guest655321]

@usernameted1 Note the seventh word on the Wikipedia page for Loyola University New Orleans.

...You dumb motherfucker.

[usernameted1]

@Guest655321 "Private universities are universities not operated by governments, although many receive public subsidies, especially in the form of tax breaks and public student loans and grants. Depending on their location, private universities may be subject to government regulation" Nice try :) I suppose you left that part out on accident ?

[AussieAustrianBlog]

@usernameted1 I am a Libertarian and I use public roads, toilets and accept goverrnment stimulus checks voluntarily. Am I a statist? Have I no intellectual integrity?

Do you see the "stupidity" of your argument?

[usernameted1]

@AussieAustrianBlog So by your own reasoning I can join the army and be a libertarian ? vs. using small mundane services that I have no alternative to? Got it.

[AussieAustrianBlog]

@usernameted1 As a Libertarian in the Rothbardian tradition, you can join whatever you want as long as you do not breach the non aggression axiom. Furthermore, Walter Block works at a PRIVATE University. You were WRONG (so who looks stupid)! Seriously, move on already...

[usernameted1]

@AussieAustrianBlog Once again you did not point out inconsistencies in my logic.As much as I love the man just because you use the magic spell "Rothbardian tradition" does not make it objective reality or logically consistent / truth.Se comment below on what a "private" university is.Once again by your logic I can work for the IRS,army,and any bureaucracy while preaching the N.A.P. and still maintain intellectual integrity and logical consistencies.Any more emotional defenses / Ad hominems ?

[AussieAustrianBlog]

@usernameted1 Let me get this straight before I continue this discussion....you believe that a Libertarian has no integrity if they are some how benefiting from the state, either explicitly or implicitly? For example, direct renummeration for teaching or the institution where he/she works receives government grants. By the same token, one could not have intellectual integrity as a Marxist as they live in a non-communist society and benefit from the current form of capitalism, correct?

[AussieAustrianBlog]

@usernameted1 In regards to intellectual integrity, you're missing a key point; the difference between Block's situation and the IRS, Army (offensive army) and govt bureaucracy is that they are explicitly a part of the state apparatus that does the coercing, that commits the aggression. Loyola isn't putting a gun to Obama's head threatening violence if they do not receive subsidies, although they may ask for assistance.

[Leofus1986]

Walter Block: THA BAUS!!!

[Guest655321]

His treatment of Coase really sounds like a complete bastardisation. Coasian disputes are not criminal in nature and typically are not outlined with regard to courts rendering a verdict. There is a voluntary transfer from one party to another that results in resolution; whoever is willing to OFFER the most to the RIGHTS HOLDING party will be granted the property claim. The USE of the wallet example is what is absurd here.

[RKAddict101]

@Guest655321 I agree, I disagree with the Coase theorem, but even I found that to be a huge stretch from what Coase said.

[Guest655321]

@RKAddict101 What are your objections to Coase?

[RKAddict101]

@Guest655321 That property rights should be viewed as such. I'm still not completely sure if I agree with the homesteading argument, but I don't think a factory should be allowed to pollute another person's property simply because of economic efficiency. Basically just a moral argument, although I feel as if Block takes it too far.

[richardcadbury]

@intercourseman69 Your dodgy racial views have no place in a civilised discussion. Even Krugman and Mises would agree on that. fuck off mate

[Visfen]

The argument Blocks make at 47:50 about utility sounds kinda like Maltus argument to give the aristocracy money so they can spend it on fine and important things, which will also have the benefit of stimulating the economy.

[kingcherub]

@Visfen It's a good thing I waited to respond. I thought you were saying that Block was advocating that kind of view.

[Visfen]

@kingcherub Haha, Block. Noooo way :D