The Bubble Economy | Douglas E. French

Presented by Douglas French at the 2009 Mises University. Recorded 28 July 2009 at the Ludwig von Mises Institute; Auburn, Alabama.

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[constablekohler]

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

[GSDebunked]

Really good speaker

[ntn1987]

Cheers!

[masonkiller666]

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

[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...

[MushroomCloud666]

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

[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.

[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.

[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]

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]

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).