If there's ever a university I'm interested in, it's Mises.

What a fantastic talk ... this should have a lot more views

Didn't know Constanza was an Ancap, lol.

I'm so proud of you guys

Nice Work Bob!

Easy! it's all about passing the "can" you need someone to pass it too and not left holding it when the fan starts.

35:02 in Brazil, we're almost at the point in which everybody gets a PhD.

22:42 Where can I find a video of this traffic management system demo where someone walks backward into the road?

@brucemayberry8692

8 жыл бұрын

There used to be quite a few showing busy intersections signals replaced with roundabouts with near unbelievable results. Where it formerly took 45 minutes to get through an intersection the time was reduced to 20 seconds.

Shame that the end got rushed, I'm sure that there's a lot more Bob has to say on the subject.

19:00 turnpikes are not a good, or best, example of roads. Everyone live somewhere, a house or apartment, and there is road access that was built and paid for by the home owner or landlord. Ditto for water, sewer, gas, electrical, and fire and map location info, all paid for and provided by the contractor, and ultimately paid by the land owner. In effect you spend your whole life surrounded by privately built systems and we do not pay attention to how those systems came into existence.

Serious flaw in his logic: Eddie Money is way better than Vanilla Ice.

I felt the lecture was very interesting and spot, but it was all over the place.

Great stuff on money, education, and safety. Low hanging fruit on roads: building roads is not the central problem, the relationship of easement and property values is. I'd love to watch Walter Block pay to construct an underpass to his house to avoid my five thousand dollar a use toll road. Sure, I'd pay a little to drive piles down 20 yards too. Cheap price to make the alternative impractical. Heck, I'd probably be nice and charge only a few hundred a use. Good theories can sometimes have limits. Immigration? Interesting that you chose to label the huge regions with the name of a single person. If you instead have these be gated communities with various entry policies and their own security, you have micro-states effectively.

@digypro

8 жыл бұрын

I f a road charge were too high, you could just walk and catch a cab, negating the need to pay the tool. The road operator would then have to adjust their price to accommodate for such an event. property that was trapped in private road blocks would be next to worthless, as would the surrounding properties. The market would naturally adjust to equilibrium to all the parties involved. A toll road is only worth the amount of those willing to pay the tolls.

@konberner170

8 жыл бұрын

Aaron Briggs But the state of property being trapped or not is about agreements that can change, correct? So at one point I may have access and it will be worth X, and at another point access is denied whereupon it is pretty much worthless. So the point is that the value of the property is closely tied to the exact specifics of ALL relevant easements. This is a big problem as far as I can see, as how do you gain enough control over the easements to be able to value the property... that is, without some larger entity guaranteeing it? And what do you mean by "walk", if he trespasses, he violates my property rights. This is not some rare state of affairs, either. I've lived in several gated communities, and most of the homes are in a state where the only access is the road provided by the development: all other sides lock you in by other private property. In such a situation, who owns the road? What is the guarantee that you will continue to have access to it if it is not yours? What if the owner must give it up to a new owner? Can that owner not drive the value of your plot to zero at will (but note the value is not zero to the road owner, as they have the "key" that unlocks the value)? These are real and common issues, not some corner case.

@donaldclifford5763

8 жыл бұрын

Kon Berner: Roads present a special problem for Rothbardian libertarians. A road is a public easement. When property is first conveyed into private ownership, there should be a covenant that a public easement must be allowed, by measures prescribed by law, under the legal theory of eminent domain, guaranteeing just compensation. This should likewise apply to utility lines and pipelines. It is, however, an abuse of eminent domain to take property for a so called "higher use", where developers come in and force owners to sell to them for their private development projects, even if it can be justified as a "higher use". Operating these roads and utility lines is a natural monopoly, and should be regulated by some public board of trustees, to protect the public beneficiaries.

@konberner170

8 жыл бұрын

Donald Clifford I'd not go quite as far here, because I reject the term "public"... at least, I'd need your definition of the term. Instead, I'd prefer living in a sort of micro-state that has fixed rules and which is voluntary for all participants who wish to participate and so gain entry to the "project". The idea is that competition between the regions would contain the tyranny, and popular regions would have fixed rules that apply to the participants. In this case, then, there is no actual "public", since entry is disallowed to any not willing to sign on (explicitly) to the clear and mostly unchanging rules. In any case, I like planned roads, and these roads would be part of the project's charter, as well as how they are maintained. Other projects may not have such roads, but I would want them... for the purpose you covered here. Efficient roads with reliable and well designed guarantees would be an important selling point, to most, for what project they selected. Yes, this does kick the same problem up to the next level of getting between regions. Again, my preference is to have set rules agreed to by a cluster of local regions regarding moving between them (likely on limited roads). The important element here is that the agreements be very, very difficult to change when it comes to the roads. If they are not, customers would be unlikely to buy in to related projects. This amounts to a vision similar to Nozick's, but without having to have a master NAP enforcer (hopefully)... It is one hell of a tough issue and I think strikes at the core of limits of free market political systems.

@donaldclifford5763

8 жыл бұрын

Kon Berner: Eminent domain is a legal theory based on the indivisibility of certain public rights and public goods. Even a system of laws are in a sense a public good, and must be uniform over a geographic area. Private roads in private areas serve the needs of the few of that area. But regional travel and transport are beneficial to a much larger constituency. These public easements can be privately owned and operated, as a public utility, with public oversight, as it is a natural monopoly, as are other public utilities. Rothbard, in "For a New Liberty" postulates an extreme total private property scenario. I think he would settle for some reasonable and necessary public goods, like a public easement, as a covenant to conveyance of private land deeds.

Banks in the US would only accept notes from other banks at a discount and wouldn't accept notes from far-away banks. Why do Austrian economists misrepresent the truth so _much_ ?

True inflation is when you work some job for a low salary that enables you to pay a 100 years credit with no stable job...When real price is when you just build with your hands as nd what you can get from nature to do it yourself DIY...DiY cuts price, makes economy, from nature materials, no costs...Zero costs....