economics

Obamacare – An Austrian Economics Lesson

Mandeville, LA – Exclusive Transcript – In Human Action, you learn one of the principles of the Austrian economists is you can’t predict what people are going to do. A scheme like the Affordable Care Act is what you should call a planned market. It is a centrally-planned market. Centrally-planned markets don’t work. They do not deliver what it is they are created to deliver. They don’t deliver it because […]

October 7, 2013 12

Transcripts

Nearly A Half-Million Employees Left At Department Of Defense, And That’s With Half Furloughed

Mandeville, LA – Exclusive Transcript – If you weren’t opposed to the standing army from the standpoint that the framers of the Constitution and the generations that came after them had been very wary of and with very good reason of having standing armies lying around for obvious reasons, perhaps the latest statistics from the shutdown will warm you to the idea of at least considering this. Check out today’s […]

October 2, 2013 6

Transcripts

Raise The Minimum Wage, Destroy The Market

Mandeville, LA – Exclusive Transcript – Any wage control damages a market because it has an effect on the price mechanism. Wage is part of the price mechanism, too. Your ability as a businessperson to set the wage, this is part of the price mechanism. This is how you arrive at how much to sell the donut for. The labor cost, that goes into the price mechanism. Anytime the government […]

September 2, 2013 20

Transcripts

Community Rises Above Inequality And Endures

Mandeville, LA – Exclusive Transcript – As we grow further and further and further away from any shared theological experience. We grow further and further away from any possible chance to be knit together as communities ever again. I don’t think that this plays itself out until there’s anarchy. I just think we’re in a phase right now, an epoch, and it’s our job as good Christian citizens to fix […]

August 9, 2013 7

Transcripts

No Matter Who’s Running The Economy, It’s In The Red And Getting Worse

Mandeville, LA – Exclusive Transcript – In what document, under what rule, under what act of Congress, under what amendment to the Constitution has any president ever acquired the power to “run the economy”? My reading of history, the president doesn’t have the power, shouldn’t have the power, and you shouldn’t want to confer it on him, yet here we are. Check out today’s transcript for the rest…

August 9, 2013 6

Transcripts

The TSA is Always Right; Understand Citizen?

Mandeville, LA - Exclusive Transcript - This particular post here by Jeffrey Tucker just strikes a nerve with myself and I'm sure with many of you because Tucker puts into words something that we have tried to put into words here and have been unsuccessful in doing so, I think. But now that I have this one I'm going to keep it at the ready.

July 28, 2013 4

Transcripts

Americans Can Say We Live In A Free Market Economy, But That Doesn’t Make It True

Mandeville, LA – Exclusive Transcript – You have to have trust in the price system and the market. That’s really one of the great fields of unexplored study in mainstream discourse in the United States, the study of actual free market, the way markets work and the way the price system is the greatest regulator and distributor of resources in the history of man. Check out today’s transcript for the […]

July 19, 2013 10

Transcripts

Detroit Bankruptcy Isn’t Just About Economics, It’s About Values

Mandeville, LA – Exclusive Transcript – We have the news from Detroit. This is really sad, really sad and tragic. It’s not sad and tragic just in an economic sense. If you haven’t heard the news, Detroit is going to become the largest municipal bankruptcy in the history of the United States as it has filed for bankruptcy protection. Much of this, I think, could have been averted, but it […]

July 19, 2013 1

Transcripts

Student Loans Belong In The Market, Not The Government

Mandeville, LA – Exclusive Transcript – Once something becomes law, even if the Republican Party opposed it, they will ultimately find a way to make it their own, and it will then become a part of conservatism. Sure enough, student loans have now become part of a conservative policy in the House of Representin’, I guess. Members of the GOP are demanding that action be taken immediately to spare those […]

July 10, 2013 13