Wednesday, May 25, 2011

Hayek's 'The Road to Serfdom' in Cartoons

Here are two versions of the cartoon book made by Friedrich von Hayek in a video presentation. They summarize the story about how central planning can lead to an totalitarian society. Which one do you think is better?

Version A

Version B

Thursday, May 19, 2011

The Incredible Bread Machine (1975)

This short film, based on a book under the same name, was originally done in 1975. However, it is still a great introduction to Libertarianism and Austrian Economics, and it introduces the arguments against the following:
  • Anti-Trust
  • Minimum Wage
  • Central Planning
  • The Use of Force
  • Public Interest, Public Good (Today we have the nonsense term 'social responsibility')
  • Taxation
  • Egalitarianism
  • Monopolies
Note: Murray Rothbard makes an appearance in the film!

    26:27 [The Anti-trust: The Bread-Trust]

    ...Their lawyer said:

    The rule of law in complex times has ruled itself decisions...
    We must much prefer the rule of men vastly more efficient.
    Now let me state the present rules.

    The lawyer then went on

    [These very simple guide lines, you can rely upon.]
    You're gouging on your prices, if you charge more than the rest,
    But it is unfair competition, if you charge less,

    A second point that we would make, to help avoid confusion.
    Don't try to charge the same amount; for that would be collusion.

    You should compete, but not to much! For if you do, you see,
    Then the market would be yours, and that would be monopoly!

    Tuesday, May 10, 2011

    Hans-Hermann Hoppe's Latest Speech

    http://blog.mises.org/16747/the-power-of-hoppe/

    There are five or six videos; the very first minute is in Portuguese, but the rest is in English.

    Here, Hans-Hermann Hoppe asserts that there is a contradiction in two propositions held by many academics. It can not be both true that monopolies are bad and that the state is the primary producer of security (is a good). This is because the state has a monopoly of both law and taxation. He claims that most except the latter, but he except the former [all monopolies are bad] as being true. I have his same position, however, I never came across this contradiction, because I've seen the latter (it's a public good for the state to provide security) as false to begin with (as Hoppe does).

    Other important topics deal with how libertarianism and property rights can eliminate conflicts over scarcity of means, and how democracy is in own best interests in the long term.

    This is probably one of the best videos I've seen on Anarcho-Capitalism. I've only read one book by Hoppe, in addition to several articles, but I'm surprise that he mentioned some things that I thought were quite unique to my own thought, such as the 'Wild West was not wild.' ...