addressalign-toparrow-leftarrow-rightbackbellblockcalendarcameraccwchatcheckchevron-downchevron-leftchevron-rightchevron-small-downchevron-small-leftchevron-small-rightchevron-small-upchevron-upcircle-with-checkcircle-with-crosscircle-with-pluscrossdots-three-verticaleditemptyheartexporteye-with-lineeyefacebookfolderfullheartglobegmailgoogleimageimagesinstagramlinklocation-pinmagnifying-glassmailminusmoremuplabelShape 3 + Rectangle 1outlookpersonplusprice-ribbonImported LayersImported LayersImported Layersshieldstartickettrashtriangle-downtriangle-uptwitteruseryahoo

False Signs

  • Jan 5, 2014 · 5:00 PM
  • This location is shown only to members

"Vinz, you said before you were waiting for a sign. What sign are you waiting for?"

"Gozer the Traveler. He will come in one of the pre-chosen forms. During the rectification of the Vuldrini, the traveler came as a large and moving Torg! Then, during the third reconciliation of the last of the McKetrick supplicants, they chose a new form for him: that of a giant Slor! Many Shuvs and Zuuls knew what it was to be roasted in the depths of the Slor that day, I can tell you!"


As we learned last week, the academic argument for forced wealth transfer is based on the claim of market failure, yet time after time government economic intervention causes more problems and destroys wealth. As a result, even mainstream economists no longer try to justify government economic policies based on arguments from efficiency or utility, yet welfare economics is alive and well, and governments continue to regulate all kinds of economic transactions, and economic activity continues to suffer and decline accordingly. In fact it is pretty much impossible to find any economic activity taking place in a "free market", and if there is, it is likely illegal.

Besides the damage to markets, discouragement of entrepreneurial activity, and the violence done to innocent people, government economic policies also spread false signals throughout the economy, which distort all economic transactions, causing inefficiency and economic bubbles, leading to the eventual bust and resulting loss of wealth.

What would we ever do without government I wonder?

Viewings:

What sign are you waiting for? - http://www.youtube.com/watch?v=zjzZhTS_xa0

Listenings:

Foundations of Welfare Economics - Hülsmann - http://mises.org/media/998/Foundations-of-Welfare-Economics

Welfare Economics - Herbener - http://mises.org/media/6570/Welfare-Economics

Readings:

The Third Way: On Government Interference in the Market Process - Callahan Chapter 11 - http://mises.org/resources/2031/Economics-for-Real-People

Dynamics of a Mixed Economy - Ikeda - http://www.libertarianismo.org/livros/dotmesi.pdf

Towards a Reconstruction of Utility and Welfare Economics - Rothbard - http://mises.org/daily/2205

Hoppe In One Lesson, Illustrated In Welfare Economics - Herbener - http://mises.org/daily/4014/

Join or login to comment.

7 went

  • Klaus
    Konzertmeister, Organizer,
    Event Host
  • Bryan J.
    Event Host
  • Gilby
    Assistant Organizer,
    Event Host
  • Andy L.
    Event Host
  • Andy J.
    Assistant Organizer
  • A former member

People in this
Meetup are also in:

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy