LibertyAus
Hans-Hermann Hoppe elaborating on whether competition in bads is good. This is an excerpt from: "The Errors of Classical Liberalism" (Full lecture: youtu.be/f82mHHAt6yI). More see: http://mises.org.au/ (schedule, playlist, photos, reviews)
updated 9 years ago
30 November-1st December | Emporium Hotel, Brisbane
https://mises.org.au/historical-events#2013-Mises-Seminar
Mark Hornshaw is a lecturer in Economics, Entrepreneurship and Management at the University of Notre Dame Australia, based in Sydney. Mark was awarded the Vice Chancellor's Award for teaching excellence in 2017, making him the top rated teacher at the top rated university in Australia at this time. Prior to this he was a successful entrepreneur in the telecommunications industry, and also worked in overseas aid and development.
The Bad
The Ugly
The Case Study: Milk Wars
Conclusion
= Q&A
13:13—Pasteurisation laws?
14:28—Loss leader?
15:08—Insider Milking
1:27 — Austerity, What Austerity?
2:12 — An Overview: Genuine / Faux Austerity
3:05 — Implementation?
3:50 — Is Australia Vulnerable?
5:03 — What, Exactly, Is Austerity?
6:12 — Australian context, Kevin Rudd
7:30 — European context, Krugman
9:55 — Keynesian Blindness vs. Austrians and Crises
12:15 — The ABCT, Artificial Stimulation
14:20 — Financial Times Definition
15:00 — Two Indicators: (1) Govt Budget Deficit (2) Govt Debt
24:45 — True Austerity! Circa. 1920/21
33:17 - Debt to GDP
36:38 — What About Australia? w/ Alan Kohler
37:36 — How Big are Aussie Banks?
40:02 — Can't Happen in Australia? Cos of APRA?
41:55 — Conclusion: Keynes - Wrong
42:50 — Questions
— "Market Cap? Shareholders Equity?
44:30 — Deflation
45:44 — Already been a bailout
5:07 - Non Producers Seek Control Over Our Lives
7:20 - Right to Make Your Own Rules
11:07 - Becoming a Joyous Libertarian!
14:35 - Inspiring Figures - Harry Browne's, and Finding Freedom in an Unfree World
15:50 - What is the best country in the world? It's a stupid question. There's actually 3Q's
17:19 - Taxation Manners - book
18:50 - Book burning by the State
20:55 - Experience from the Front Lines (Producers vs. Parasites)
22:53 - Visions of Servitude, Revolution? Bring it on.
24:25 - State Secession? Simple.
27:20 - Conclusion and Optimism!
The Workers Party paraphernalia distributed at the Mises Seminar was generously provided by Ron Manners. Mannkal Economic Education Foundation also sponsored eight Westralians to attend the Mises Seminar. (http://www.mannkal.org/). Mises Seminar in Sydney, 2011.
Mises Seminar Australia 2011. More see: http://mises.org.au
Full lecture: youtu.be/f82mHHAt6yI . Schedule, playlist, photos, reviews: http://mises.org.au/
“A tax-funded protection agency is a contradiction in terms - an expropriating property protector - and will inevitably lead to more taxes and less protection. Even if, as some - classical liberal - statists have proposed, a government limited its activities exclusively to the protection of pre-existing private property rights, the further question of how much security to produce would arise. Motivated (like everyone else) by self-interest and the disutility of labor, but endowed with the unique power to tax, a government agent’s answer will invariably be the same: To maximize expenditures on protection - and almost all of a nation’s wealth can conceivably be consumed by the cost of protection - and at the same time to minimize the production of protection.”
— Hans-Hermann Hoppe
— 3:23 Demographic Profiling
— 5:11 Detection of lawbreaking, Enforcement of sanctions
— 7:41 Concrete Example of Discrimination. Who is more likely to be carrying weed?
— 12:00 Detection (rational), Enforcement (irrational)
— 14:30 Common Enforcement Pattern
— 17:30 New State Powers. More authority.
— 18:35 Position of State Agents: incentives
— 22:00 Discrimination Targeting: What Happens Next?
— 23:00 Problem : Discrimination, or Police Discrimination?
— Continue to abuse powers; but more widely.
— 24:20 The “solution” by the State
— 25:00 Complainers?: “Racists”
— 27:00 The Cycle Summarised: Bicycle ride into Totalitarianism
— 28:43 Discrimination gets the blame; prohibition laws etc.
— 32:00 Deemed offenses are often victimless; less evidence based
— 33:33 NYPD and Stop n’ Frisk
— 35:08 Poor Incentives for Police
— 38:55 Summary
0:47 — Liberty is a Great Product
1:17 — Not universally popular
2:07 — General Communication; is something missing?
3:09 — Modes of Persuasion
5:55 — General Tips
8:20 — Some more
10:37 — Liberty on the Rocks
11:07 — Students For Liberty
- The problem of rights violating rights protectors [1:22]
- Differentiating law and ethics [10:47]
- Three core legal theory modules [18:35]
- The full range of responses to aggression [33:56]
- Consistently rights-protecting legal institutions [39:12]
- Who wins and loses from misplaced complexity? [46:36]
There are several questions at the end of the presentation. Brilliant as usual. The full text transcript with slides: konradsgraf.com/jurisprudence .
=============================================
Various timestamps of topics during the talk.
1:22 - The Problem of Rights Violating Protectors
3:45 - Mises Revolutionized Economic Theory
4:40 - Deductive Approach to Legal Concepts
5:35 - Current Approaches: Positivism, or Natural Law & Natural Rights
7:20 - Action-Based Jurisprudence
8:17 - Overview: Confused Ethics & Confused Law
8:44 - Defining Field Boundaries
9:44 - ABJ sub-disciplines
10:47 - 1) Differentiating Law and Ethics
15:57 - IP promotes institutionalized aggression
16:22 - NAP Alone is Too Simple? Private Rules
18:35 - 2) The Five Legal Sub Disciplines
18:46 - Theory of Legal Concepts: Use / Claim Analysis
21:22 - Interior / Exterior
24:10 - Title-Transfer Analysis Individual capability / Social phenomenon
31:06 - Rights/actions Analysis
33:56 - Integrate- What Should We do Now?
35:15 - Response Types
35:36 - Extralegal Force
37:13 - Extralegal Force Problems
39:12 - Legal Responses
40:59 - Institutional theory of legal order
45:24 - Book Recommendations
46:53 - Who Wins and Who Loses?
51:42 - Q&A: Murder? Next of Kin?
52:51 - Q&A: Manslaughter? Incentives?
56:30 - Q&A: Threats to body? Measured response?
Further note: "Cooperation: How a Free Market Benefits Everyone" by Jeffrey A. Tucker (mises.org/daily/3015/Cooperation-How-a-Free-Market-Benefits-Everyone).
"The market economy safeguards peaceful economic cooperation because it does not use force upon the economic plans of the citizens. If one masterplan is to be substituted for the plans of each citizen, endless fighting must emerge."
— Ludwig von Mises
3:00 - Acceptable goal to achieve: get a taxi fare without being assaulted.
4:28 - Taxi Driver Perspective: pick up or not?
7:15 - Merit & Non-Merit Characteristics (Observed & Unobserved)
9:19 - The Art of Good Guessing: the setup of a Discrimination Problem
9:57 - How Rational Discrimination Works
11:33 - The Principles of Rational Discrimination
14:13 - Principle 2 (Causal Irrelevance)
15:52 - Race Discrimination & Racism
17:55 - How To Differentiate?
20:27 - Principle 3 (Unequal "representation")
22:05 - Principle 4 (Not demeaning)
23:05 - Principle 5 (Morally legitimate)
24:05 - Bad Consequences?
27:01 - Mandatory irrationality
Q&A:
46:00 - 'Comment on political discrimination laws'
3:00 — Living in Melbourne
4:38 — The Relevance of Rothbard
6:28 — Satire (RBA video)
10:06 — Public Private Partnerships — Connex
14:16 — PPP: Their Nature (Monopoly, and Costs)
15:51 — Catalyst for Innovation & Bureaucrats?
16:26 — Red Tape
17:04 — Limits on Total Profit
17:28 — Loss of Control, and Risk
20:47 — Experience in the US (Highway n' Speeding)
22:10 — Another US Experience with the State
23:18 — Water Shortages, and Price Controls
27:50 — Water Patrols
29:52 — The Water is Not Running
35:19 — Capital and Consumption Goods
36:15 — Austrian Economist qua Economist
37:20 — Irrelevance of the State
38:16 — Rothbard n' Strategy
38:51 — Questions
—"Any govt that's operating correctly?"
— "Democracy: friend or foe of liberty?"
41:50 — "PPP - Best of Both World's?"
43:20 — "Democracy again"
45:00 — Against Intellectual Monopoly, and Patents
Q&A:
38:42 - 'Does Warren Buffet understand Austrian Economics?'
39:56 - 'Are there any questions Austrians think are empirical? And how does Mises differ from Hayek?'
42:45 - 'What is your opinion on praxeology's role in private industry?'
45:00 - 'Are they Austrian?'
46:02 - 'Had Keynes lived longer would he have repudiated his theory?'
48:09 - 'Further comment about Keynes'
Lecture:
3:30 - Pollution
10:30 - Species Extinction
15:07 - Paper or Plastic?
19:57 - The Over-population "problem"
27:50 - Trees and clear-cutting
Q&A Session:
30:22 - 'Water? Who does it belong to?...'
37:00 - 'Imagine 1840, no railways, but one foot bridge...'
40:22 - 'Homesteading and mineral rights...'
42:37 - 'Solution towards culture's that don't respect private property rights...'
45:36 - 'Non-point source pollution, or diffuse source pollution, and the Great Barrier Reef'
49:26 - 'Voluntary slavery and self-ownership and how would you enforce it'
Speakers: http://mises.org.au/speakers
Full Programme: http://mises.org.au/programme
Pre-Seminar Readings: http://mises.org.au/faq#Q10
Tickets: http://mises.org.au/tickets
Building upon last year's successful event, we have managed to bring together some of the best free-market economists and libertarian philosophers from around the world for a weekend of fun and lively discussion. The seminar will field a line-up of prominent anti-state, anti-war and pro-market thinkers addressing the important issues of our time. This year's special international guest speaker is the eclectic Jeffrey Tucker.
The Mises Seminar is named in honour of Ludwig von Mises, perhaps the most gifted economist and philosopher of the 20th century. Mises was a prolific author who spawned a global movement dedicated to carrying on his tradition. One of his students, F.A. Hayek, went on to receive the Nobel Prize in Economics. Another of his students, Murray N. Rothbard, extended Mises' ideas and founded what is now the modern libertarian movement. A living proponent of Mises' ideas is Congressman Ron Paul who ran for the office of President of the United States, sparking an international and intellectual revolution.
• For information regarding the event, programme, speakers, venue, and how to purchase tickets please visit the website at http://mises.org.au/ •
2:08 - Walter Block
17:08 - Stephen Kirchner
29:16 - Walter Block
40:00 - Stephen Kirchner
47:07 - Walter Block
53:23 - Stephen Kirchner
For more information: http://www.mises.org.au/
Whereby state intervention is the cause of the financial mayhem on Wall Street that becomes economic crises on Main Street. The Global Financial Crisis shows that it is not 'capitalism' (Karl Marx's insult of choice) or 'extreme capitalism' that has failed but the 'mixed economy'. To stop these crises, we need to free the market and allow it to do its job. In a free society, no bank is so big or important that we shouldn't let it fail.


