5. Minimum Price Controls
Thou shalt not sell a certain product or service below a certain price, e.g. wheat, cotton, corn, cheese, sugar. This will result in an artificial unsold permanent surplus, as it does in the American farm situation.
Recent Podcast Episodes
10. Government Cartels
The only cartels that have lasted have been government cartels. There is no essential difference between a cartel and an ordinary corporation or partnership. Not even the De Beers cartel is all powerful.
8. The Firm
Business men must make sure they can cover their costs by incoming revenue. The production function will yield a certain quantity of a product. The firm considers marginal costs and average costs to weigh where along the demand curve production is.
6. Government Licensing of Industry and Minimum Wage
The peanut butter crunch was in 1980. Crop acreage and production was cut down by 45% by government price support, import quotas, and cartelizing of the industry. The price of peanuts more than tripled.
Conspiracy Theories, History, and The State
Obama's White House Office of Information and Regulatory Affairs is run by Cass Sunstein. Sunstein and Vermeule's paper on conspiracies theories, e.g. JFK, TWA 800, global warming fraud, MLK killed by feds,concludes that some theories create problems for government to solve.
Isabel Paterson: Early Libertarian
Autodidactic influential libertarian, Isabel Paterson is best known for The God of the Machine (1943). Ayn Rand contributed ideas to it but continued to learn from Paterson both politics and history. Rand rescued the book and promoted it.
An Interview with Walter Block
Interviewed by Judge Andrew Napolitano on the “Freedom Watch” program, 27 January 2010.
