Added: 9 months ago
From: RidleyReport
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  • The banks ARE currently holding the money now , What will happen when the money is released ? Hyperinflation will hit us soon while we endure this current steady rising inflation. Government will do something about it ; More inflation , millitary police all over and most likely another big war .

  • the premise of this dudes view/s are based on still TRUSTING a system that has revealed time and time again that it doesn't give a shit about the people (him included) and have designed and already implemented an evil debt, loan, credit card, interest, etc scheme that has crippled the world economy let alone the american people for at least 50 years now. he still believes that banks, the fed and the government has his back and could never do such a thing lol.

    hel-to-the-mutha-fuckin-lo!!

  • do your historical homework you fool...america didn't need to be taxed or forced to do anything 1800-early 1900's...there is no such thing as a "necessary evil" unless you've been brainwashed to believe that being robbed of your hard earned money will help the majority. it is not your job to support those who chose to live they way they want, do crack down the street, have five abortions, 8 baby daddies, smokers who get cancer, theatre wars all over the world, etc

    blind and stupid.

  • So let me get this straight. Smokers get taxed to pay the bills of the government and at the same time get them to quit because the prices are so un-godly high... So when all the smokers quit, where does the government get the money to pay the bills again.??

  • This nigga stupid.

  • I will NEVER understand people who believe "spending = saving". It's a fallacy at it's most BASIC level. I fail to understand how an individual can be as well-spoken as this young man, yet promote a system of economics which functions on theft and debt. Do people like this guy ENJOY being slaves? What's so glamorous about being a slave? Why is liberty so unappealing for some people? Are people scared of freedom? Are we THAT conditioned? Good Lord!

  • only smart thing he said was he might vote for Ron Paul

  • voluntary tax... lololol

    who the hell would say, yes tax me, that will help me stop smoking

    dream on boy

  • voluntary tax sounds like eating dog crap

  • if you take money out of economy wouldn't that cause deflation? and how you gonna balance that deficit?

  • The feds have all kinds of ways to take money out of the economy..lol Yea maybe they can plow under half ther crops like the deppression..That really helped alot didnt it! Volunteer to pay tax???Who the hell would do that! The way this young fella thinks is just plain scary.

  • @PikSokolit I make the same argument for Socialism & Communism people still cling to that Ideology though.

  • Good luck to the fed trying to sell those assets.

  • Aggression will be worth it - if things go my way....

  • wait, 1000's of years of people smoking and this guys say the tax is keeping people from becoming addicted. People get addicted and then tax them on thier addiction.....

  • @thegeneraltheory The reason the great depression was as bad as it was is because the Fed severely deflated the money supply. Throwing more cash into the mix of course would reduce unemployment. The reason unemployment was 25% wasn't because there was no work, it was because no one had money to pay people. The Fed created the problem, how are they heroes for simply undoing what they did? Fiat currencies never work! Read a history book. 

  • this guy is total retard, at least some people acknowledge what they know and dont know. This is guy mumbling what he has heard, and couldnt think an independent thought if his life depended on it.

  • He's a Socialist and not a libertarian! He needs to read the US Constitution and get a grasp on freedom. I have heard nothing about freedom from this individual.

  • @stephenabm "Socialism" means workers control the means of production. It has nothing whatsoever to do with taxes. And marxism isn't the only form of socialism by a long-shot.

  • @juliaisafilmbuff123 Karl Marx had written about Socialism in the Communist Manifesto and never mention the word Communist, only Socialism. Socialism and Communism has failed everywhere in the world and has never helped the masses, as they have promised.

  • @stephenabm Pop quiz: who did Marx take his theories about the exploitative nature of capitalism from?

  • @juliaisafilmbuff123 He was inspired from Hegel.

    Marx was inspired by the upheavals in europe. His ideas were based on Hegel and Feuerbach in philosophy and all the early socialist such as saint Simone.

  • @thegeneraltheory If you are interested, look this video up and review it: Keynesian Predictions vs. American History | Thomas E. Woods, Jr.

  • This young man has a minimal and skewed understanding of economics. And worse, it appears he has even less knowledge of the Constitution and knows nothing about liberty. Liberal indoctrinated youth like him are the culmination of what has been so very, very wrong with our system of "education" for the last 60 years.

  • Some peoples kids!

  • People like this are the opposite of liberty activists. Why the hell is he invited to anything involving liberty activism?

  • @1983Bantam Because he joined the FSP back in 2008(?) when he was an "anarcho-capitalist". He took economics classes at Keene State and became a keynesian. I know him; he's challenged me on my anarchist views too. I can explain them if you want.

  • The problem is that "trade-off" ..it only goes towards more authoritarianism and never towards more liberty ... history is full of civilization where ppl elected someone to administer them ...little did they knew that it will end in another monarchy .. humans are incapable of dealing with power and money in a rational way...hence no one entity should have absolute power or the "magic" of fixing interest rates ... the rest will fix itself

  • Honestly, I'd rather have a forced tax (like an income tax) then behavior modification or behavior coercion through taxes. After a while the gov't WILL begin to tax things it doesn't like, as well as things that are actually bad for you. Over time 2+2 will = 5 and people will never know it actually equals 4.... so even the intelligent person (as this guy states) will become the sheep, and with that how do you suppose the ones already 'asleep' in that type of society will end up?

  • Shia Lebouf is pretty smart for a Keynesian!

  • But if you don't smoke, you don't pay the tax, so a tax on cigarettes can't simultaneously claim to stop people from smoking and solve budget issues. It's one or the other, or it's pure dishonesty.

    I want to know what Keynesians think of the bailouts, or corporatism, or foreign payouts. I don't think any of those things coincide with Keynesianism which would be to spend money or give money to the people who pay the taxes, not to aloof corporate concepts, politicians, and foreign governments.

  • Duh. Poor kid is out of it.

  • Lol. 99.999999999% check don't want to be taxed. Money created but not spent? Then why did the need/want to create it? Seems to be a foolish person without actually looking at the consequences.

  • Hey Kid, prepare to suck dick for a living.

  • I hope that this kid understands that inflation is not rising prices... inflation is an increase in the money supply.

  • Can you tell the dude you interviewed not to confuse price inflation with monetary inflation. They're not the same. *headdesk*

  • Tradeoffs.... Yeah, like trading freedom for bankruptcy & slavery. This guy hasn't got a clue economically.

  • Deficit spending created the Great Depression, and it will great the second.

  • yeah uh calling him a douche... that should help him come around to your viewpoint.

  • Kid hates freedom

  • It basically comes down to if you are willing to sacrifice your rights to get other things however I don't think anyone has the power or right to sacrifice other peoples rights to get things you think they need. I don't understand the idea that you force an adult to wear a helmet in order to ride a bike.Why can't that adult make their own decision. why do we feel we need to protect people from themselves? Are we free or not? Are we able to make our own choices or not.

  • I can't watch this.

  • @siththomas Why not?

  • Fine. He thinks coercion is OK, give him a gun and a badge and let him kick in doors and take what the state wants. However, if he can't do that then maybe he should re-asses.

  • he can have dollars. ill have bitcoins.

  • Oh WOW! the ends justify the means. They brainwashed him!

  • @TravistheHuman Austrian capitalists say the same thing though.

    I'm not a keynesian.

  • @juliaisafilmbuff123 Malo periculosam libertatem quam quietum servitium. Libertarians want liberty above all. "I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." Thomas Jefferson So you can quote Hayek?I understand you are not keynesian, You fantasize something with even more power. Something that would turn to a classic democracy in time. What freedoms would we sell? What will we lose next.

    Think classic republicanism.

  • @TravistheHuman Democracy is inevitable under any system. If 51% of the population chooses to support a company that pollutes like hell, they are stealing everything from the 49% as well.

  • @juliaisafilmbuff123 and you have a constitution to prevent that?

  • @TravistheHuman Constitutions are useless under statelessness/anarchy.

  • @juliaisafilmbuff123 1 How would mutualism prevent a Democracy from forming? The Constitution dose not come alive and rip hearts out when evil people ignore it but it is a blueprint. If you ignore the blueprint when building a house then you'll have a lousy house, but you can fix that house with the Constitution.

    2 These your views > ? (wikipedia Mutualism economic theory) If a vender and I trade an ounce of copper and a cup of juice it's because we don't value them equally.

  • @TravistheHuman My point is, every system uses democracy in some form or another. "Majoritarianism" is always going to happen no matter what.

  • @juliaisafilmbuff123 So is mutualism safer from pure democracy then a night watchmen constitutional republic?

  • @TravistheHuman Mutualism has free association. Republics always result in a select few dominating everyone else.

  • @juliaisafilmbuff123 When republics become oligarchies, yes, but they can stay republics for a long time. Mutualism, on the other hand, seems to resemble democracy. Why should I trade one tyrant for ten million. It's worse. We don't want to settle for a monarchy, democracy, or oligarchy. We want a republic. One that has no government schools you know.

    Besides, when there is no government people become super capitalist.

  • @TravistheHuman Mutualism doesn't advocate 51% of a city telling the remaining 49% what to do. It advocates voluntary decentralized networks and groups which use participatory decision-making (democracy) within their groups. If you don't like your group, you join another with nothing to lose.

    Republics can't happen under statelessness. Tell me how it can.

  • @juliaisafilmbuff123 Republicanism is very limited. The government that governs the least governs the best. A Republic would only be in place to protect peoples natural rights and would only depend on user fees and donations. The weakest part would be the central government. The strongest government would be local but they would be weaker then what we have today. In a Republic each man is king of self, no one is king, no group. The government would only govern the state not the person. self rule

  • @juliaisafilmbuff123 Where has mutualism been tried? Are individuals qualified to make what mutualist consider group decisions. A true republic wouldn't do that. Mutualism wants to govern the economy, republicanism hardly governs. but in a republic you could have mutualism because there would be no tax. In some ways you want bigger government than small r republicans, the difference is you want to abolish this one well I want to cut and clean it.

  • @TravistheHuman Non-hierarchical workplaces have existed forever.

    Mutual aid without state coercion has existed forever.

    Have you actually researched mutualism or are you just pulling things out of your ass?

  • @juliaisafilmbuff123 You make my point. You can have it if we lived in a real republic, but value will always be subjective. On to my next point. How prosperous and healthy have they been? You didn't list any specifics. Honestly, I'm trying to understand why someone would take a peaceful anarchist paradise and organize people into groups. Who has the power to say I can't ask for help in the garden and show my appreciation with something of value?

  • @TravistheHuman Groups come together voluntarily. For one thing, private property ownership would be impossible under anarchy, because you would *need* a coercive institution (like the state or private police) to reenforce your ownership of anything you didn't occupy and use yourself, meaning every firm with more than one self-employed individual would become a de facto coop.

  • @juliaisafilmbuff123 That's a reason for me to hold republicanism. Less people can do more. Even the cop is a farmer if they even have a cop. I'm already part of a family anyways.

  • @TravistheHuman Define "republicanism".

    And mutualist anarchism doesn't force people into coops. It stresses free association among individuals who form groups on their own free will.

  • @juliaisafilmbuff123 The belief that the only role of a state is to protect individual rights. The views of the people are represented in a democratically elected legislation and the state has a constitution to limit it's power. The existence of a republic is voluntary and if Tim from one coop, attacks Jim from another, then Jim has a right to coerce Tim to court. Same if a coop steals land from a highly skilled farmer. You would need force to have universal labor value.

  • This guy is a mental midget, as well as most other sheeple are.

  • When you rob someone there are perks. Nessary evil ?

  • @thestonemaster81 For the person who robs, yes.

  • barf

  • LOLiberals 

  • What an idiot..

  • This guy is delusional.

  • I'm no fan of statism or keneysian economics (since it's really just a way to save capitalism from itself), but Ridley is clearly strawmanning Will in this interview.

  • So people cheat at taxes and spend millions to avoid paying taxes, but this dope thinks that people will VOLUNTEER to pay taxes?

    FAIL!

    "You could pay banks to hold their own money" ???????

    FAIL

  • By "willing to take that trade off" he apparently means that he condones individuals other than himself using force to obtain money from others. That's really cowardly.

  • There can never exist a voluntary tax. Because if it was, people wouldn't pay it. Period.

  • Taxing cigarettes is NOT voluntary. Jeez. The FED lowering interest rates is not to get people to spend money. It's to give US Bonds a cheap rate. And the only real beneficiaries are - the banks.

  • Involuntary: Income Tax. Voluntary: Sales Tax.

  • Liberal leaning libertarian? I would say the proper term for that is either Left-Libertarian / Libertarian Socialism / Civil Libertarian / Left Anarchism / etc.

    But a lot of his ideas seem inconsistent with the above philosophies.

  • I like how cool & collected the interviewer (Ridley?) was. And he brings up a problem which I find much more important than the morality aspect of taxation/regulation; namely one of an epistemic nature, when he tells the guy his future children are not consulted whether they'll favor this guy's programs or not -in other words, ultimately it's impossible to know if a certain government program will or not be a net gain in utility for all peoples.

  • @TotalAnomy We can't know for free markets either, but at least you don't have to accept a bunch of people you've never seen being given legal rights that no-one else enjoys, and at least no-one owns private property under the presumption that he or she is doing so out of an altruistic desire to achieve the "public welfare"

  • its cool how these vids dont always get alot of views but alot of viewers make comments. shows interest.

  • typical twisted liberal head!

  • There are some comments or criticisms that are so self-cancelling they aren't even worth a response, some knots cannot be untied. Americans have always helped their neighbors in times of need, whether it's the neighbor accross the street, the neighbor accross town, accross state boundaries or half-way around the world. Government not only interfered with that process, they drove a wedge between neighbors, like any for-profit middleman. I am happy to give, but not at the expense of my liberties.

  • You can see that the poor guy is struggling to deal with the internal contradictions of his own world-view.

  • Listen to what he said at 01:05 "there's a lot of BENEFITS that come with [TAXATION]" - this is the nature of "contracting" with the guber-ment. You pay taxes and in-return receive "benefits" and "priviliges" in lieu of your natural INNUMERABLE RIGHTS. I think his point of view is a remarkable admission of how people parrot or copy the dominant reality (system) 'on the ground', no matter that it is antithetical to our Constitutional legacy. The ruling agency tramples the Constitution with glee.

  • if you don't want to pay taxes then you don't care about communial living and only care about yourself.. tell ya what, get yourself packed and go found/start your own country and be a person that will offer nothing and receive nothing.. our systems worked until traitors slithered into our systems and began destroying them.. like giving SS money to alcoholics, drug addicts and lazy generational welfare people.. the one who came up w/Fractional Banking should have been evaluated by doctors.. imo..

  • Comment removed

  • "...The Fed is printing money but people aren't spending the money..."

    That's because the banks use the money on their balance sheets to make them appear solvent so they can continue to carry bad loans and underwater mortgages. Then the Fed pays the banks interest on that money to leave it on deposit with the Fed.

    We already have inflated prices, prices should have gone DOWN during the depression but we have the Fed propping up Zombie mortgages.

    and he wants to be an economist???? LuLz

  • This guy is not really informed, voluntary tax is a consumption tax, an indirect tax

  • Absolutely ridiculous. While cigarette addicts have varying levels of intelligence, why are they cigarette addicts to begin with? The cigarette tax is a fail policy and does not reduce the number of addicts. This is obvious, because cigarette addicts are biochemically dependent and require treatment and are not discouraged by higher prices. They turn to the gray market at that point.

  • This is pathetic. A noncompulsory tax? How about a volunteer draft? How many QEs are we going to have kid? Ron Paul would be wise to reject the support of people who support Keynesian debt slavery.

  • "Austrian economics is economics. Keynesian economics is to economics as astrology is to astronomy. Keynesianism is almost like a religion, they just somehow believe in some mystical power that exists in the hands of the government. That somehow if government borrows money, it can create prosperity and if it creates money it can create purchasing power." - Peter Schiff

  • @batmanthe Using an austrian economist to "prove" austrian econ is like using the Bible to prove the Bible. Jussayin'.

  • @juliaisafilmbuff123 No it's not. I quoted him because it's true. If I create money I am not creating wealth I am merely redistributing it. It's the SAME AMOUNT OF GOODS being chased by more money, it doesn't make the economy as a whole richer it's merely a way of heavily disguising the redistribution of wealth. This is fact, not theory. It can be proven through deductive reasoning or small scale mathematical models.

  • @juliaisafilmbuff123 Of course the Keynesian who has come to realize this problem.. If he understands how the system works , he will now defend the redistribution by the fact that the system gives out most of the new money in loan form and banks can make the decisions to give out loans to those who will invest wisely and this will get the economy going strong.

  • @juliaisafilmbuff123 But this an unnatural credit pump that causes the boom bust cycle; because it diverts loaned money and an illusion of capital into the market into investments that are not always actual responses to real market demand.

  • @batmanthe I'm not a keynesian. Your response to me is a non-sequitur.

  • @juliaisafilmbuff123 If I'm going to make a point about a theory of astrophysics it makes sense to sometimes quote what a person in that school of astrophysics says. Same thing goes for any other profession. Given Peter Schiff is likely nowhere near as qualified to criticize with authority as someone like Bob Murphy who is an expert in both schools of economics.

  • @juliaisafilmbuff123 but I like the f'in quote

  • This guy is running on what Harry Browne called the Dictator Fallacy.

  • I like how he assumes people are Intelligent. I found him quite ignorant to be honest. He actually ignored centuries of evidence showing how coercion creates nothing but suffering and still believes that it has some good in it.

  • "I don't like coercing people, but..."

    Like most Liberals, he never gets into the details of what coercion looks like, because he will never have to do it himself.

  • This guy is a total douche bag and a nonsensical idiot !!!! He has no clue as to the real nature of his own train of thought. He's FIRED !!!

  • So his position is if an outcome suits him then aggression is justified? And how do we weigh two potential outcomes, objectively, as one being more desirous where one outcome is the result of our aggression whilst the other the absence of it?

  • He doesnt understand anything about economics at all. Or freedom.

  • @danman911 I know him personally. He's an economics student at Keene State College.

  • Voluntary tax, haha, right, smokers are going to willingly pay extra tax, haha this guy is living in dream land.

  • @Iain1962 About 85% of the student body at my college smokes. They are willing to pay a high tax (my college is in Maryland where taxes are way high) to satisfy their addictions.

  • @juliaisafilmbuff123 Bigger the tax bigger the black market...Some people will volunteer but not many.

  • @Iain1962 Most people (the vast majority in fact) are on the white market and have no idea that black and gray markets exist. There's also the fact that some people continue to buy from certain companies because they've developed an amount of "trust" that the company will give them good products, and will thus be reluctant to switch over to some agorist business that they know nothing about.

  • @juliaisafilmbuff123 Yeah well it's a matter of time, what does a packet of ciggies cost over there, in Britain it costs about 10 dollars, in France it costs about 7. People will find any way to get cheaper ciggies, they aren't rushing to volunteer more tax. Brits go to France and buy up loads of ciggies to give the lesser amount of tax to the French....

    Or the buy them online from Thailand for 2 dollars and take the risk they get through customs.

  • @Iain1962 Perhaps the price will go up, but the point I was making is that most people would rather pay a shitload of money for cigs than go without or try finding that "black market".

  • @juliaisafilmbuff123 Yep but when you have a pack of dried leaves selling for 10 dollars someone is going to find a way to get a piece of that action, overtaxing always leads to a black market. Just like prohibition. If it's a reasonable rax people will pay, when it becomes abusive they look for other ways and it becomes profitable for crooks to offer them.

    I don't think I have paid tax voluntarily ever, I will give to charity though.

  • @Iain1962 That's mostly speculation.

    My college happens to be in the heroin capital of the US (Westminster, MD). I know of heroin addicts who will shell out 200 dollars for a single fix because of how strong their addictions are. I also have friends in college who spend a ridiculous amount on cigs (more than they do on non-school food). The point is, if you are addicted, you will pay anything for that next hit/fix/cig.

  • @juliaisafilmbuff123 ...But if you can get it cheaper you aren't going to volunteer tax are you?

    It has nothing to do with addiction it is about economics. Your heroin addict isn't going to pay 240 instead of 200 is he? He would rather pay 150.

  • @Iain1962 They will pay it if their addiction consumes them, trust me.

    The reason the black market is bullshit is, again, because most people are on the white market and have no idea that other markets exist. My classmates would rather pay a ton of money for cigs at the local corner store than try to find an agorist who will sell cigs to them for practically nothing.

  • @juliaisafilmbuff123 OK you have lost the plot here, first of all the suggestion was that it is a voluntary tax, so you are not obliged to pay it...which is ludicrous.

    Secondly believe ME if it's not voluntary and the price goes up, your buddies will not have to look for other supplies because they will appear.

    If it costs 5 bucks in Canada and 10 bucks in NH, then you can be sure people will be buying in Canada and reselling in the US.

  • @Iain1962 Supply and demand rests on many factors, not just prices and taxation.

    For example, there is no personal income tax here in NH (which you might already know esp. if you live here with the FSP), but why are there very few large businesses which are here? Well, there's other reasons why a large corporation would want to settle in Mass as opposed to NH despite NH's lack of personal income taxes. Like I said, there's a billion factors which go into S&D.

  • @juliaisafilmbuff123 Yes and overtaxation and prohibition always result in a black market because the profits (risk/reward- all cash no tax) become interesting for a larger spectrum of criminal.

    The idea of people paying voluntarily more for something out of the goodness of their heart is ridiculous, especially amongst those addicted.

  • @juliaisafilmbuff123 People pay more because there is a monopoly the heroin dealer has stitched up the right cops so he has the market cornered the addict has no choice, give him a cheaper choice you think he's going to turn it down? Even addicts know about money, the less they pay the more hits they get for their buck.

  • @Iain1962 I have never heard of a case where a heroin dealer had a monopoly, or was buddy-buddies with cops (who need to arrest him to fill their quotas).

  • Thanks for schooling this guy... He loves freedom... but only for himself, not for others.

  • not much of a debate, more like letting him express his opinion.

  • There's a keynsian libertarian? That's like...a catdog...or something. I've seen 1:05 minutes so far and this kid is...mean...or something. A bit off? Not stupid at all...just...brutally violent to the future? I guess?

  • @truthadvocate You should check out ol' Benny Tucker's four monopolies. He says something quite similar.

  • Comment removed

  • Wow this kid debates? Last time I talked to him and said "shut up, you don't know what you're talking about"... so I turned my back on him and it was him that ended up shutting up.  He is an enemy of freedom. I hope you read this Will.

  • I don't like coercing people except when I feel like it. WOW! What an airhead!

  • @carcabe I know him personally. He's a good guy, but he makes very blanket statements about economics/economic policy (most likely due to the fact that he's an econ major at Keene State College and has been conditioned to think in certain ways).

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