Later in the video Dan Mitchell admits that there is no empirical data for any 'laissez-faire' that is more 'laissez-faire' than Hong Kong. In other words there is no empirical evidence to validate the statement: 'when there is no government, economic output is very low.'
A priori evidence verifies the beneficial conditions of the rule of law and property rights. The form of government to optimize these conditions is not restricted to the obsolete types that most people are familiar with.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Wednesday, June 30, 2010
Wednesday, June 23, 2010
Iowans Need To Learn The Truth About Sholom Rubashkin.
I live in Iowa and I heard all of the misinformation that the local news broadcasters announced. Where did they get their information? It was given to them by the vested interest that was bent upon serving its political mission.
When will Iowans protect themselves from the ever-expanding unConstitutional coup? There is an urgent need for everyone to read Nullification by Thomas Woods.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
When will Iowans protect themselves from the ever-expanding unConstitutional coup? There is an urgent need for everyone to read Nullification by Thomas Woods.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Sunday, June 20, 2010
Entrepreneurs Do More Than Generate Wealth.
In the article entrepreneurs were described as "wealth generators."
True but this is the effect not the cause. The cause of the wealth is the entrepreneurial spirit or the alertness of the market participant. Discovery preceeds the generation of wealth.
Why is economic intervention always immoral, and more specifically, immoral when it is directed at entrepreneurs? Humans, by nature, are seekers after truth. They are inherently alert but also subject to latency which is caused by anything that distorts or camouflages knowledge. It is a type of oppression to inject into the economy a corrupting influence. Economic intervention is an oppression that violates human rights and property rights by definition.
Violation of laissez-faire is immoral and scientifically proven to be a corruption of the economy.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
True but this is the effect not the cause. The cause of the wealth is the entrepreneurial spirit or the alertness of the market participant. Discovery preceeds the generation of wealth.
Why is economic intervention always immoral, and more specifically, immoral when it is directed at entrepreneurs? Humans, by nature, are seekers after truth. They are inherently alert but also subject to latency which is caused by anything that distorts or camouflages knowledge. It is a type of oppression to inject into the economy a corrupting influence. Economic intervention is an oppression that violates human rights and property rights by definition.
Violation of laissez-faire is immoral and scientifically proven to be a corruption of the economy.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
Monday, June 14, 2010
Minimum Wage Laws Violate Human Rights And Property Rights.
Minimum Wage Laws are exploitative. They exploit the human rights of productive individuals in favor of non-productive individuals. They exploit the property rights of productive individuals in favor of the parasitic and predatory class.
The market always bids wages up for productive individuals as part of the competition for productive individuals.
The key understanding that needs to be recognized is that there has to be freedom of entry into the labor market. Lack of free entry into the labor market is a violation of human rights. Once there is free entry into the labor market goods and services will become less expensive, more plentiful, innovation will accelerate, and everyone's standard of living will increase.
Those who claim that minimum wage laws serve social justice are wolves in sheep clothing.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
The market always bids wages up for productive individuals as part of the competition for productive individuals.
The key understanding that needs to be recognized is that there has to be freedom of entry into the labor market. Lack of free entry into the labor market is a violation of human rights. Once there is free entry into the labor market goods and services will become less expensive, more plentiful, innovation will accelerate, and everyone's standard of living will increase.
Those who claim that minimum wage laws serve social justice are wolves in sheep clothing.
For more information go to my website.
To earn a Masters Degree in Divine Economy Theory go here.
Go here to read about MACRO & MICRO Economics Renewed.
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