Interventionism | Walter Block

[BiznizTrademark]

I think the bagel-rules, i.e. that you cannot make it too difficult for someone to reach a certain spot is difficult to defend on strict philosophical libertarian grounds.

[Hashishin13]

@BiznizTrademark You can buy a helicopter for 100 or 150k right now, in the future this road issue will be a joke.

[Nintendomanwill]

All the socialists who think that businesses extort 'unfair' prices from consumers should try running businesses! I mean from the cost of maintaining production and the lower revenues that tend to arise from very high prices that create high net profit margins, many businesses have a difficult time even remaining solvent. With that in mind we can see why price ceilings are so destructive. Prices have to rise with diminishing returns on production, price ceilings make production insolvent quicker

[constablekohler]

"unemployed socks"...lol

[constablekohler]

Another good video. Like all (or at least most) of the Mises Institutes videos, these concepts are easy to grasp. Good job guys

[sinitskyd]

In addition to a fixed amount of money, controlled rent can be augmented by other "services" by a young and pretty girl tenant.

[jnort122]

sinitskyd, he says that at about 15:40 or so

[latewire]

The arson stuff at 10:00 is crazy

[Organjic]

I don't agree with his bagel theory. If someone block the option of a road, for instance, I say we expose the land owner, and boycott his products/business, take away privilege to the private road, so on and so on...  I'm sure he will reconsider someway.

[patrikkorda]

Walmart would be a lot more careful in their research on potential new locations if there is an additional cost, rather than if it is eliminated. The process is still not perfect and stores in general would still close if they are not profitable (consumers do not demand it to a profitable extent), as they should close. Murray N. Rothbard nailed it with "All rights are property rights", once you violate one, you potentially violate all of them.

[patrikkorda]

Would it be okay for Walmart to expropriate that property instead of offering the owner a price he might be interested in? With that logic, I can also steal the shirt off of you and give it to someone who needs it. Lets say you do advocate this sort of theft, it is still not logical from an economic perspective because people make mistakes.

[ManBearPigWolf]

The gov't already steals the shirt off your back and gives it to someone else, it's called welfare.

[NicoBanTyralash]

Are you defending this practice? If not, what is your point? I dont think he was arguing that they dont exist. He was just saying they are bad practices. Also...Excelsior!

[patrikkorda]

Organjic, I suggest you watch it again, if anything Walter is agreeing with you. In any case, are you saying its okay to steal someone's property because of some "greater good"? Lets say Walmart (which provides a vast variety of products for a fairly low price) wants to build a store in some ideal location which needs employment / has only a poor variety of expensive goods available etc.

[patrikkorda]

Sorry my comments came out in reverse order, read from the third to the first :{