Video of the day: The Broken Window Fallacy
If everybody in the world really understood this simple lesson, and what it really means, the entire world and political landscape would be vastly different place.
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If everybody in the world really understood this simple lesson, and what it really means, the entire world and political landscape would be vastly different place.
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An excellent 4-parter from the prolific Mr. Molyneux. For those with a short attention span, video 3 is a quick wakeup call. I’m personally a big fan of the latter half of video 2. But if you have the time make sure to listen to the whole set as they are well worth listening to; [...]
N.B. I am not Davy
In this video, Paul McKeever discusses the difference between qualitative and quantitative economic arguments. He eloquently explains why utilitarian economic arguments are inherently flawed, and why we should focus on the moral nature of government spending instead.
Curiosity getting the better of me however, if anyone knows how the Rahn curve is [...]
Just wanted to quickly share this post from the mises.org forums which serves as an awesome resource to combat the oft-repeated meme that Scandinavia shows that “mixed-economy-socialism” can work great. Full credit to krazy kaju for the excellent post. You can read the full thread here:
Many leftists often point to the “superiority” of Scandinavian “socialism.” [...]
Some people say that the best comedy requires a ring of truth; this video makes that case superbly:
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Really interesting talk from prominent sceptic (some misunderstanding over my recent post about stupid atheists. I’m actually a fan of scepticism as a tool, I just find many self-proclaimed “sceptics” to be nothing of the sort) Michael Shermer held at Google HQ:
How did we evolve from ancient hunter-gatherers to modern consumer-traders? Why are people [...]
N.B. I am not Davy
Happy Tax Freedom Day everyone! According to the Adam Smith Institute, you can imagine yourself as having been a slave from January 1st until today during this year, as that is the equivalent portion of your time and labour that goes to pay your taxes. You are now free to earn [...]
Awesome post by Snowflake over at the Mises boards that I think needs wider spreading:
So, I started playing this oldschool city building game. You start from scratch. No civilization, building up to a (hopefully) thriving city. You, the central planner, are responsible for how much housing to build, which jobs to create, which industries to promote, [...]
The Devil’s Knife/Kitchen has an excellent write up on why the “coalition government” is just more lies and bullshit.
It also highlighted a quote from Tesco regarding the minimum pricing regulation that I hadn’t seen before:
Supermarket chain Tesco says it wants to see curbs on the sale of cheap alcohol during this Parliament.
Tesco has welcomed a [...]