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The Fallacies of Public Finance | Walter Block

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Uploaded by on Aug 22, 2011

Archived from the live Mises.tv broadcast, this lecture by Walter Block was presented at the 2011 Mises University in Auburn, Alabama.

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  • I Love the Mises Media Youtube page

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

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

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

  • 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.

  • 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.

  • @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.

  • @RKAddict101

    They can spend it better than the Mises Institute?

  • @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.

  • @RKAddict101 What are your objections to Coase?

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

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