Episode 108 welcomes Jared Nordin to the podcast for a chat with Skyler. Topics include: the Pacific northwest, career electrician, second marriage and dating, his political journey, Jack Spirko, Stefan Molyneux, Austrian economics, Lysander Spooner, challenging jurisdiction, Larken Rose, cognitive dissonance, outgroup bigotry, and more.
Tag: economics
Entirely Meaningless and Wholly Unproblematic
Many social and economic problems have no solution. At best, we can only make continuing trade-offs and thereby move to an improved, yet still troublesome, situation. But one problem — at least, many pundits and politicians affect to regard it as a problem — has a complete and easy solution that can be seized at any time. I speak, of course, of the problem of the so-called trade deficit in international commerce.
Think Twice about Bringing Back U.S. Manufacturing Jobs
We hear a lot of lamentations about the loss of American jobs in manufacturing (notwithstanding that U.S. manufacturing output has never been greater). People purport to want to bring back jobs in factories. I’m not sure a lot of thought goes into these views.
An Easy Stress-Test for Your Integrity
A big part of integrity is continuity of character – in other words, being pretty much the same person in all places and circumstances. But how do you know if you have it? Look to your circle of relationships. How would you feel if you gathered people from all areas of your life – work, friends, family – and hosted them together at one party?
When Academics Describe the World
In economics, theorists will tell you “public goods” like lighthouses can’t ever be supplied by private, profit-seeking ventures. Meanwhile, right outside their window there are private lighthouses, provided in ways too varied and ingenious for the academic mind to comprehend, and too skin-in-the-game trial-and-error intuitive for the entrepreneur to even know how to explicitly describe.
Janitorial Studies in South Korea
“We jokingly predict that colleges will offer a master’s degree in Janitorial Studies within a decade or two and anyone seeking employment as a janitor will discover no one will hire unless proof of possession of such a degree is presented.”
Uncertainty is the Root of the Current Market Craziness
Investors put their money into enterprises under certain tax and regulatory conditions. When those conditions start suddenly changing or looking like they may change, the investors worry. And when they worry, they get more cautious about where their money is and what it’s being used for. They sell off, move their money into what they hope are less volatile assets, and the stock market takes a hit.
Alex’s Journey, Economics, & Market Solutions (52m) – Episode 107
Episode 107 welcomes Alex Voss to the podcast for a chat with Skyler. Topics include: living in Chicago and Cincinnati, Serbia and the international opinion of the Clintons, economic traditions (Chicago, Austrian), philosophical journeys, good and bad laws, his libertarian influences, his career in legal risk mitigation in the healthcare industry, the importance of economic knowledge, getting married and starting a family, and more.
Privatize Veterans Affairs
Shulkin states that we can only expect our sons and daughters to risk lives when we promise to care for them when they return. Tell this to those who were conscripted into fighting in Vietnam. They were forced to fight regardless of the care situation back home.
Against the Whole Concept and Construction of the Balance of International Payments
The location of the trading partners has no economic significance whatsoever. Trading entities enter into exchanges voluntarily, each one in each transaction anticipating a gain from the trade. Hence, in expectational terms, every such trade entails a gain from trade, or in other words an addition to the trader’s wealth.