The Bubble Economy | Douglas E. French

[ntn1987]

Cheers!

[gtao22]

Those afraid of having no authoritarian government don't understand that politics is a smoke screen in front of the economy. The way the economy is working is politics. I'm not an anarchist never will be. I just say real economy doesn't begin with a market, real economy is not even measured from the real base. It begins with a in value system rooted in creation of life which is given & we must take responsability to keep it free. The first economist is Nature, so few take her lessons.

[tylerwylie]

What we need is an Austrian economists perspective in the spirit of "The Story of Stuff" aimed at kids, but not really aimed at kids...

[fluff125]

Maybe they can do something to make these more exciting. Maybe they should spend a few hundred dollars to make an animated video that would explain this in an easy to understand, and entertaining fashion. You will probably get 1000 times as many views and the chance that it might go viral.

[DarthKazi]

What I think is good about them, is that they introduce REAL economic theory to YouTube. There are plenty of fancy, animated films about "what's wrong with the world", but they often miss the point and don't produce sound theory.

I think that people who are film makers and have the flair for such things, could be watching these and may very well produce more "approachable" movies for the masses.

[masonkiller666]

@DarthKazi The problem is, the good majority of good experienced filmmakers tend to be leftist and keynesian

[MushroomCloud666]

Why don't you watch Money as debt if you prefer animations.

[ignostic1]

I would like to see more within the Mises Institute advocate complete abolition of government, rather than the minarchist/gradualist approach.

Thinking of the problem as a parallel to the 'Jack and the Beanstalk' story helps to crystallize why it is so important to do away with government entirely. It doesn't matter how small you try to keep the centralized state, it will grow and grow and grow and grow until... KAPOW! ...Socialism, Communism, Fascism, Nazism all on your doorstep...

[latewire]

Just because government will grow to the point of authoritarianism is no excuse not to have one.

That's like not having a kid because he will grow old and die someday.

It's just life.

[ignostic1]

The reason not to have government is because it is a coercive monopoly of violence.

It's not "just life". Government is an artificial construct, built up out of the natural state of man - anarchy. Implied consent, on which the government is based off of, does not exist.

I eagerly await another nihilistic response. Why do you even get out of bed in the morning? It's just life, after all.

[latewire]

Who are you arguing with? I totally agree. Government is by definition immoral.

I'm just saying that I like living in a place with a government, regardless of the fact that it's wrong and will get worse with time.

Nobody's a nihilist here. I just would rather have the police keep the roving gangs from assaulting me than to have to do it myself (though I do own a gun just in case).

[ignostic1]

If you agree, then you are committing the same classic libertarian error of not taking your premises to their logical conclusions. Those conclusions being anarchy.

First of all, the police are the roving gangs.

Second, the police don't prevent anything. They merely respond.

A stateless society isn't a utopian one. There will still be evil persons and crime, for sure. However, I question how you could possibly think that there wouldn't be "protection" agencies in a stateless society?

[latewire]

Well my government hasn't gotten to the point of the police marauding and randomly robbing people (unless you count tax law enforcement blah blah).

Obviously government is doomed to failure. However, so is anarchy. In addition to the notable lack of certain essential services (like contract enforcement), all anarchy ends with the creation of government.

[ignostic1]

You're creating bogeymen. It is merely your (false) assumption that these services wouldn't be offered.

There most certainly would be a market for them and there are numerous models for how said services could be offered. Roads, health insurance, 'protection', etc, all have been dealt with in anarchist theory. Depending on your flavor of ideological organization, the solutions vary.

As for contract enforcement, one example would be the DRO (Dispute Resolution Organization). Google.

[worcesteradam83]

really think Mises is the worlds premier instituion fighting socialism. There is nobody else anymore

[areco]

I think you are right its time to change things

[constablekohler]

78 views and 1 comment? All these guys videos are good

[GSDebunked]

Really good speaker