Episode 395 has Skyler giving his commentary on the following questions from Quora: “Why do capitalists say that capitalism is voluntary when it is not because if you do not work, you die?”; “Why does the government encourage homeownership?”; “How does inequality affect the economy?”; and “Does good and evil exist? Are they merely social constructs?”
Episode 385 has Skyler giving his commentary on the following aphorisms written by Jakub Bożydar Wiśniewski: “A fool believes that the market makes profits corrupting. A person of reason knows that it makes corruption unprofitable.”; “A democratic state is a device for feeding off society by pitting it against itself.”; “A fool finds intolerable the inequality of wealth between the capitalist and the laborer. A person of reason finds intolerable the inequality of rights between the state and the individual.”; “Happiness is the ability to stay intrinsically motivated to exist.”; “Aesthetic maturity is the ability to deliberately ignore the fashionable without turning it into a fashion statement.”; “A successful prediction is a mental journey to the least impossible of the future worlds.”
Episode 334 has Skyler giving his commentary on the following aphorisms written by Jakub Bożydar Wiśniewski: “A businessman calls himself boss, but his goal is to serve others. A politician calls himself servant, but his goal is to boss others.”; “A collectivist in a libertarian society may be an odd duck, but an individualist in a statist society can only be a milk cow.”; “A fool complains about the lack of equality of opportunity. A person of reason appreciates the abundance of diversity of opportunity.”; “Fulfillment: the frame of mind in which success is neither a process nor an event, but a state of being.”; “A libertarian boor is a possibility, but a statist gentleman is a contradiction.”; “A scientist believes that science is a source of knowledge. A pseudoscientist believes that science is the source of knowledge.”
I imagine most government healthcare advocates have the best of intentions, but it’s hard to view such individuals as noble and caring when their main (and often only) proposition to help the poor is to force other people to do it.
Was the power on in your house this morning? If so, thank fossil fuels!
Whatever the crisis is, and whether it was caused by a virus, police callousness, racism, inequality, or something else, governments love the excuse to crack down on liberty. This is often among their first responses — regardless of what the crisis is, what caused the crisis, or how it might be solved. It’s as though they don’t even care about those trivial details.
In the last Presidential election, Donald Trump was lauded for his performance among black voters – he scored 4 percent of female black voters and a whopping 13 percent of black male voters, the highest since Richard Nixon. This isn’t shocking. Black voters have voted en masse for the Democratic Party since the mid-60s and the passage of the 1964 Civil Rights Act, the Voting Rights Act and the social welfare programs of the Great Society. This solidified black voters behind the Democratic Party, but they had been moving there since the New Deal.
The claim I heard from some economists was that you can’t have trade without inequality. While I believe inequality is inescapable, natural, not undesirable, and an inevitable outcome of freedom and prosperity, I don’t think it is logically necessary in order for mutually beneficial trade to occur.
If you believe you need politicians to save you from a virus or from someone’s gun, then you’ll keep handing control of your life over to anyone who promises to rescue you. Whether they actually can or not.
This episode features an interview of economics professor Thomas Sowell from 2008 by Russ Roberts, host of EconTalk. They discuss the misleading nature of measured income inequality, CEO pay, why nations grow or stay poor, the role of intellectuals and experts in designing public policy, and immigration.