What Is Money?
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Uploaded by Nielsio on May 12, 2010
Division of Labor and Money (by Hans-Hermann Hoppe)
http://www.youtube.com/watch?v=rIxd6ezDPOk
Business Cycle Theory (by Jörg Guido Hülsmann)
http://www.youtube.com/watch?v=Bxq_mhdYeBM
Theory and History (by Hans-Hermann Hoppe)
http://www.youtube.com/watch?v=0n4IYhSk9oQ
From:
Introduction to Austrian Economics
http://www.vforvoluntary.com/austrian-economics
Music: Kevin MacLeod
Licensed under Creative Commons Attribution 3.0
Video:
FULL EDIT AND POSTING PERMISSION GRANTED BY LIBERATOR.DK - 3/15/10
- 311 likes, 14 dislikes
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Uploader Comments (Nielsio)
Top Comments
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0:50 mankind would die out because of lack of beer lmao true dat
1 year ago 26
All Comments (65)
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I get it; I just didn't realize D:. Thanks :D
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@piecharthosen The art of logical deduction is essentially math. If you mean by math that Austrians aren't crunching numbers to make quantitative predictions then you didn't grasp its methodology: The consequences of action.
One cannot predict to act in a certain way in the future without possessing the knowledge one might have at this future time. So because the state of knowledge is uncertain in the future the action that results is uncertain, too.
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I have been watching economics (austrian) lectures for a few weeks now and none of the lectures deal with math of any sort. Is Austrian economics purely theory?
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@Nielsio I agree that the idea of editing this is a good one, though it would have been better still if the questions could have been spoken out loud. I like to listen to these things on my wireless headphones while I'm doing something else. Listening to this means I have to guess what the questions are.
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Monarchy is bad don't get him wrong, but compared to Democracy, it is a much better option in some circumstances. The taxes a king demands from you is usually quite small compared to a whole system where politicians bribe citizens in return for power.
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14 people could live without beer.
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The fact is, Fiat currency is stealing!! Whoever creates it buys peoples time and effort for nothing. Money must be valued to reflect the effort to create it. The central banking system is the reason we have a massive wealth inbalance in the world. Money is not a tool to be controlled by anyone, including the people. Money is owned by those who produce the goods and services people want. Fiat money and the central bankers are the root cause of the worlds problems. We need commodity money NOW!!
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This was informative. However, what makes this more credible than 9/11? Who are these men that I should believe them? I would be a fool to just automatically believe this as truth. All of this is great and promising but, I(personally) can't prove any of this.....
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The monetary system has some serious intrinsic flaws which contribute to the majority of our world’s problems.
Barter is a thing of the past.
Automation and a resourced based economy is the way to go. Look into the Venus Project, and the Zeitgeist Movement.
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@Nielsio, You are the one who edited this? Excellent work. I love Hoppe's lectures (and his speaking voice), but I don't always have an hour or two to spend. You framing this as a series of questions with Hoppe's responses is brilliant. It cuts right to the core of the issue.
inibo 1 year ago 10
@inibo I edited this, yeah. Thanks!
Nielsio 1 year ago
Man this is incredible was this made before the credit crunch everything has come true i love the germans even though i am british
bencawley1 1 year ago
@bencawley1 This was recorded in 2005. If you watch the Business Cycle Theory video by Hulsmann (link in the description) you'll find a detailed description and prediction.
Nielsio 1 year ago
Privatizing the police eh? Sounds like how we get to Judge Dredd the movie.
recoil669 1 year ago
@recoil669 "Dredd is an American law enforcement officer in a violent city [..] where uniformed Judges combine the powers of police, judge, jury and executioner." -wikipedia
A government is an organization who has combined the power of police, judge and executioner. Judge Dredd is what we're living under today.
It's not a coincident that we're paying this much taxes and live under this much regulation. The reason is because the people who write the law and enforce it have the same employer!
Nielsio 1 year ago 13