Showing posts with label Austrian economics. Show all posts
Showing posts with label Austrian economics. Show all posts

Wednesday, December 3, 2014

Five Libertarian Ideas #30 - The Democrat Party is dying, and more

People's Bank of China Headquarters in Beijing
Central banking in China
This week's The Economist calls for the Chinese central bank to cut interest rates and end its policy of silence. Let us be warned: America's economy can still become a victim of central banking from abroad, especially when foreign central banks cause booms or busts for American firms with foreign holdings. -11/24

50+ Democrat Senators voted to renew the PATRIOT Act in 2014
[The Democrat Party] only cares about civil liberties when a white man attacks a black man. That party represents the working class only enough to keep them impoverished and subservient to Party and State. -11/19

Liberal Democrats are beginning to support Rand Paul
I'm crying tears of joy! We have here an influential liberal Democrat journalist who's been sold by Senator Paul's opposition to unconstitutional war and the Leviathan state. The message of liberty is migrating across the political spectrum and the results are marvelous to behold. -11/17

A message to Rand Paul after the 2014 midterm elections
Mr. Senator, I'm ridiculously steamed that the GOP won control of both houses of Congress, especially since most of these red blanket babies will oppose you. However, I urge you to reintroduce Audit the Fed in the Senate, reminding your [Republican] colleagues that the Dems so vehemently opposed it. Let's get the Fed audited so we may soon expose its economic crimes to the general public. Let's get the ball rolling and set in motion a chain of events by which we can end the Fed. -11/15

Regarding an article about a married couple that chooses not to live together
I don't agree with it. I can see how they'd want it, but it's not for me. I'm just too old fashioned in cherishing the idea of waking up next to her. But society should accept this couple's decision for 3 reasons:

1) It's no one else's damn business.
2) Just because they do it, doesn't mean the rest of society needs to imitate.

3) This arrangement strengthens their marriage, especially in a time when marriage is reduced to lawsuits and fairy tales.


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PBC HQ photo by "Yongxinge" and used via CC BY-SA 3.0 license. Rand Paul photo by Gage Skidmore and used via CC BY-SA 3.0 license.  Both images obtained from Wikipedia.

Friday, November 28, 2014

DON JON (a libertarian take on sex addiction and the media)



Joseph Gordon-Levitt is an amazingly talented actor.  He did such an excellent job writing, directing, and starring in Don Jon (2013) that I had to say a few things about it, even after all this time.

The premise of the movie is an eligible young bachelor, Jon (played by Gordon-Levitt), who is a notorious Casanova.  Throughout the movie he reiterates a list of things that are important to him: “my body, my pad, my ride, my family, my church, my boys, my girls, my porn.”

Jon is also addicted to porn to the point where he’s no longer satisfied with actual sex.  Jon meets Barbara (played by Scarlett Johansson), a beautiful young woman from an upper class family who falls in love with Jon.  Both want their relationship to work out, but both have a problem.

Jon’s porn addiction and constant viewing becomes a major thorn in Barbara’s side.  At the same time, Barbara is enamored with romance movies with predictable Hollywood happy endings.  Both partners’ consumption of their preferred media has given them severely unrealistic ideals on love and relationships.  Barbara wants the working-class Jon to be her Prince Charming while Jon wants the uptight Barbara to be his super-whore in the bedroom.

Needless to say, this is a recipe for disaster.

The ill-fated lovers’ breakup gives Jon the time and motivation he needs for some serious soul searching.  In meeting and eventually dating a widow named Esther (played by Julianne Moore), Jon comes to grip with his addiction and realizes he needs a lifestyle change to be free from his addiction and raise his quality of life.

This is a movie that hits home for a lot of people.  There are tens of millions of teenage boys and adult men looking at pornography at any moment of the day.  Like any other addictions, porn addiction can consume people and change their lives.  Yes, porn actors and actresses are typically voluntary agents utilizing their bodies to make a living in creating a product that men and women around the world voluntarily consume.  However, continuously watching porn objectifies men and women alike as sex objects.  It’s voluntarily produced and consumed, so it’s ultimately none of our business, but let’s just be real about these false images our primal subconscious would have us believe.

As we see in Don Jon, porn distorts men’s ideals on women, sex, and relationships.  It’s not only prevalent in porn, but in popular culture.  Think of all the music videos with scantily-clad women shaking their chests and asses.  Think of popular movies like American Pie, which give young boys ludicrous ideas of how amazing high school will be.  (Frankly, I’m still terribly disappointed that high school did not offer me the chance to get naked with a foreign exchange student, have guaranteed sex on prom night, or to hook up with a friend’s attractive mother.  I want my four years back!)

The same applies to media consumed by women.  While many women do reject the iconic image of the sexually empowered female in pop culture, they do often tend to cling to images depicted in The Notebook or 27 Dresses.  I can’t tell you how many women I’ve dated with whom it didn’t work out, all because they seriously expected me to come riding up on a white horse to take them to a million dollar house with two cars. On the flip side, I've lost count of how many relationships could have blossomed if the woman wasn't scarred by some jerk who treated her only as a sex object.

These unrealistic images on our electronic screens of the ideal man or woman are marketed and sold to people because those images are entertaining.  However, it’s always been up to We the People to figure out that fiction—a pretend series of events in an author-controlled environment—is not to be mistaken for reality. What so many people never realize is that life really does imitate art.  Art itself embellishes life, and people who consume one or another form of media often fail to realize that a true happy ending takes a hell of a lot of work, compromise, and self-improvement.

In my opinion, the healthiest way to approach to any relationship is for both partners to openly discuss and be on the same page about where they are in life, where they’re going, and where they want to be, both as individuals and as a couple.

What I especially love about this movie is the way it portrays human action.  We might not think of the romances depicted in the movie as economics, but economics is ultimately the study of human action.  Dr. Ninos Malek, lecturer of Learn Liberty’s “Sexonomics” seminar, would agree.

Economics plays a major part in dating and relationships.  When a woman expects a man to provide her with a home and a certain standard of living, she’s setting a major economic standard for the success of their relationship.  Likewise, when a man expects a woman to support him—or to be a stay-at-home wife and tend to his every whim—he sets a major economic standard for the success of their relationship.  In the latter scenario, the stay-at-home wife’s education or career becomes the opportunity cost for his happiness.  For Jon in the movie, his romantic and sexual relationships become the opportunity cost for his happiness—porn.

By the time Jon and Barbara break up, their relationship is a sunk cost.  However, this is where market self-regulation plays in.  This break up is a very difficult sunk cost for Jon to bear.  He made a bad investment and a series of bad decisions.  He’s faced with a choice to repeat those failures, or to correct his behavior in order to never go through that kind of heartache—or sexual dissatisfaction—again.

Jon chooses to renew his mind and change his lifestyle.  He breaks his porn addiction and leaves porn behind.  He continues taking his night college courses not because his (now ex-) girlfriend will put out, but because he chooses to create more opportunities for himself.  Instead of club hopping and bringing random women home for sex, Jon chooses to be in a relationship with the widow Esther, who’s older and from whom he can learn a lot.

Best of all, the nanny state is in no way involved in Jon’s transformation!  It was never necessary to "fine" or "tax" or jail the pornographer or the porn addict.  This isn’t entirely different from someone kicking their drug habit.

While many people may get court-ordered to Alcoholics Anonymous or Narcotics Anonymous, the ranks of those support groups are dominated by everyday people who made their own decision to get clean and voluntarily participate in the program.  They’re tired of letting people down, they know their lifestyle will be lethal if left ongoing, and they’re ready to try to rebuild their lives.

Like a recovering addict, Jon’s changes in behavior all result from social consequences.  His actions cost him a relationship.  He has to deal with the public scorn of women he hooked up with and then discarded.  He identified that these events are indicative of failure, and he wants to experience success.  Don Jon is about personal responsibility—a concept we libertarians hold in the highest esteem.

Being aware of economics as human action made this movie even more enjoyable to me because I was able to see economics happening and unfolding right before my eyes.  It doesn’t simply include money and graphs.  Economics is all around us, not only in the way we spend our money, but in the way we spend our time and in the company we keep.


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Don Jon movie promotional images courtesy of DonJonMovie.tumblr.com

Thursday, November 13, 2014

Five Libertarian Ideas #29 - Capitalism, Race, and Humanity

Free market legacies
It inspires me to think of a lasting legacy that productive people can leave in a free market. Think of some of America's breweries that have continuously been in business for two hundred years. Think of some of your favorite bestselling authors today. Long after they're dead, their books will still be selling on Amazon and in major bookstores. -10/26

Future historians debating about humans
Someday intelligent beings from other universes will be debating over human history, possibly even the way humans regarded the sanctity of human life. The leftist aliens will call us racist for only regarding human life instead of extraterrestrial life as well. As we today regard the Roman Empire or the Southern States, the conservative aliens will argue that it was a different time and they should regard us in that context. Then a very small faction of aliens will know that humans who believed in the sanctity of human life showed much more compassion and tolerance for living things than most of their own species. -10/29

Race and martyrdom
The easiest way for a person to be immortalized and lionized in this country is to be murdered by someone of a different race. Then the people will protest and march in the thousands, chanting your name and holding up your photo. However, don't screw it up by getting offed by someone of the same race as you. Sure, that murderer hated you--or maybe it was 'just business'--but he hated you as an individual, not as a member of a group. Only your family and friends will mourn you. There will be no rallies, no candlelight vigils, because Charlatans posing as leaders will make no money off you in their deceptive crusade to keep racism alive. -11/3

The GOP in the 2014 midterm elections
My heartfelt hopes and prayers go to Arturo Alas, Jack Orswell, and Joe Gardner in Southern California, and to Curtis Ayotte in Maine. With the exception of the libertarian faction, I hope the Republican Party loses as much as possible today. I want them to hurt. It gives me nothing but joy to see the GOP reaping its due harvest from the seeds of corruption and neoconservatism. The Right needs more pain before they truly learn their lesson. -11/4

Diversity and liberty
I love the diversity you see in the liberty movement, in race, culture, and counterculture. All these different people from various walks of life come together at conferences, plotting to leave you the hell alone. -11/8


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South wall of a mural depicting Detroit industry, painted by Diego Rivera. Image courtesy of Fine Art America and used via Fair Use.

Tuesday, October 14, 2014

Five Libertarian Ideas #27 - Austrian Economics for New Libertarians



Libertarian approach to economics
Many people are sympathetic to libertarian ideas but don't know economics very well. Here's a guide to approaching economic policy as a libertarian: Is something that belongs to you being taken away? Who's supposedly benefiting, and who else is actually getting richer (or poorer)? Economics is human action, meaning individual people doing what they think benefits them the most. –10/5

They voted for big government
Many folks on the left have been shocked and appalled at police conduct and police militarization as seen in Ferguson, Missouri. The problem is that the left (and even some on the right) support the idea of big government. More, bigger government means more government offices and employees, more laws and regulations, and more law enforcement. These people voted for big government and Ferguson got it. –10/5

Rich people: producers vs. looters
I hold no grudge towards wealthy capitalists if they're responsible for creating value by producing goods or services people want or need. I could spend thousands on the machines and raw materials for making toothbrushes. But unless I'm going into the toothbrush business, I'm a lot better off spending $1 on a toothbrush at the store and using my time and money on other projects. The toothbrush capitalist has made my life easier and he got rich fair and square. However, if a capitalist uses government connections to shut down a competitor's factory, or takes a government loan against businesses who didn't get that loan, that capitalist becomes a LOOTER. –10/6

A Hong Kong independence movement?
The Chinese Communist Party is back to its age-old tactics of using organized crime "pro-government" mobs to attack protestors in Hong Kong. I certainly hope the people of Hong Kong start a bona fide independence movement. Let Hong Kong become an independent state, same with Macau. The Chinese nation would be better off economically and morally, with more Chinese leaving Communist autocracy and becoming citizens of free states like Hong Kong and Taiwan. –10/13

Competing currencies in action
One of the things I like about crypto-currency like Bitcoin and Litecoin is that it's very hard to crack down on the use thereof. Three years ago a man in North Carolina was federally convicted of fraud. His crime was making the "Liberty Dollar," a private medium of exchange to which new members could buy in voluntarily. The real reason the feds wanted this man gone: the Liberty Dollar was backed by gold and much stronger than the U.S. Dollar. –10/14


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Socialism graphic courtesy of Secrets of the Fed blog.  Hong Kong Tent City photo by Calvin YC, obtained from Wikimedia Commons, and used via CC BY 2.0 license.

Wednesday, October 1, 2014

When Rich Commies Find Out They're Profiteers

Tom Morello performing at Occupy Wall Street
I don't like to gossip about people, but anything goes when economics can be taught. Rage Against the Machine guitarist Tom Morello was turned away from the 5 Point restaurant in Seattle over the weekend. He then ranted online about them being "anti-worker" (along with some ad hominem attacks on the staff).

Morello, an outspoken far-left social activist, tweeted this hissy fit, apparently not knowing this restaurant to be one of the few small businesses in Seattle that provides higher-than-minimum wage pay and a number of employee benefits, like paid sick leave, retirement, and profit share. Benefits packages entice the best workers to a place of employment, one which can be more productive once the staff has incentives.

Furthermore, profit share is not a communist concept but a capitalist one.  Marxian communism focuses on abolishing private property and the profit motive. Shared profit upholds private property and capital, and is driven entirely by the profit motive.  These employees are shareholders, just like stockholders in a corporation, only this restaurant is much more exclusive by offering shares only to its employees.

While economic magic was happening around him, Morello and his posse ignored the fact that the restaurant was FULL, with a line outside of people still waiting to get it.  Anyone ever heard of supply and demand?  Morello actually asked to be let in ahead of everyone else and to get a special room in the back.  Due to the lack of supply for a ridiculous demand, Morello and his posse began throwing temper tantrums and were asked to leave.

It's incredible how activists for social and economic equality become the very things they hate when, as celebrities, they expect special treatment and privileges.  I can already see Fidel, fresh out of the jungle and still in muddy combat fatigues, eating lunch and smoking cigars at the Havana Hotel.  Standing next to him is Congresswoman Nancy Pelosi, riding her private jet after giving a speech on reducing humanity's carbon footprint.  But I digress...

It's common knowledge that Morello is a Marxist. So what's the motivation for a wealthy celebrity to be anti-capitalist? Ludwig von Mises explains it:
There is money in show business. Popular actors and playwrights enjoy a six-figure income. They live in palatial houses with butlers and swimming pools. They certainly are not “prisoners of starvation.”  Yet Hollywood and Broadway, the world-famous centers of the entertain­ment industry, are hotbeds of communism. Authors and performers are to be found among the most bigoted supporters of Sovietism.

The essence of the entertainment industry is variety. The patrons applaud most what is new and therefore unexpected and surpris­ing. They are capricious and unaccountable. They disdain what they cherished yesterday. A tycoon of the stage or the screen must always fear the waywardness of the public. He awakes rich and famous one morning and may be forgotten the next day. He knows very well that he depends entirely on the whims and fan­cies of a crowd hankering after merriment.  [He] fears the unknown newcomers, the vigorous youths who will supplant him in the favor of the public.

It is obvious that there is no relief from what makes these stage people uneasy. Thus they catch at a straw. Communism, some of them think, will bring their deliverance. Is it not a sys­tem that makes all people happy?
Morello may have only been angry over his false sense of entitlement being shattered--the telltale sign of an out of control ego.  But maybe it was something else.  Maybe, as Morello was angrily leaving the restaurant, he realized the fact that he's not truly a member of the working class he professes to identify with.

Perhaps Morello realized he's an international celebrity with a sense of entitlement who, despite his Marxist views, has profited and accumulated great monetary wealth.  He profited not on his talent alone, but on the labor of an army of lesser-paid wage-earners--sound technicians, building contractors (who built the studio), software engineers, printers, copyright lawyers, promoters, merchandise vendors, retail cashiers--at the record label, retail and music stores, and the many venues toured by Rage Against the Machine.


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Image courtesy of David Shankbone via CC BY 3.0 license and obtained from Wikimedia Commons. Ludwig von Mises passage taken from Section 1 of The Anti-Capitalist Mentality.

Wednesday, September 24, 2014

Five Libertarian Ideas #26 - NFL, Redbox, and ISIS


The Arab-Israeli conflict
As far as the Arab-Israeli conflict goes, international intervention is a lose-lose scenario. That guerrilla war's been going on for almost 70 years. As a soldier I think the Israelis should slug it out with Hamas and erase the Gaza strip. As a constitutionalist I think they should make the Arabs full Israeli citizens guaranteed the rights thereof while also recognizing them as a protected minority. Furthermore, Israel should allow international companies to invest in the West Bank and create jobs for the Arabs. But other countries should stay the hell out. Let both sides stop killing and start trading. -9/11

Domestic violence is bad for business
I love seeing the backlash of sponsors withdrawing their support of the NFL or individual players amidst all the domestic violence scandals. The NFL doesn't need government to regulate behavior. They're finding out that hiring players who behave abhorrently is simply bad for business. -9/18

The Scotland referendum
[In response to the UK winning the vote:] William Wallace is rolling in his grave. -9/18

ISIS and the homeland
The more threats the Islamic State issues against my homeland and the people I love, the greater is my resolve not to be intimidated. Free people will not live in fear. As a matter of fact, I think I'll go grill up some bacon just to spite them. -9/19

Redbox vs Piracy
I
used to work at Hollywood Video until we were put out of business by bad corporate leadership and the convenience of Netflix. Then FiOs gave Netflix a run for their money. Now we have amazing Redbox which lets me see the movies I want for $1.20 per day instead of $3.99. I never thought I'd see the day when ingenious entrepreneurship made DVD piracy a waste of time and money, but here it is! -9/22


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Friday, September 19, 2014

Five Libertarian Ideas #25 - War, Economics, Freedom


Free market abundance
My 14 year old nephew tells me he and his buddies went into Sam's Club and ate a full lunch just from being offered free samples. This speaks volumes about the abundance created by profit-seeking ingenuity, when groups of people at a time get a free feast from an advertising campaign. -9/2

Seceding from the Confederacy
Jones County, Mississippi is an interesting historical case. During the War Between the States, Jones County became a haven for Confederate Army deserters. These deserters fought a sporadic guerrilla war against state militia and Confederate Army troops, vigorously defending their status and free and individually self-governed people. -9/5

Fast food minimum wage
Fast food workers in Southern California are protesting for a $15 an hour wage. Truly, minimum wage is a job killer. It wouldn't be "necessary" if government didn't tax the working class back into poverty, nor inflate their hard-earned dollars til the value is next to nothing, nor strangled private sector job growth by picking winners and losers via "bailouts" and subsidized loans. -9/5

Libertarian role models
It's safe to say my role models are Jesus of Nazareth, Ethan Allen, and Bart Simpson. I'm a believer, a fighter, and I won't be told how to live my life. -9/8

Nazis and Commies in Ukraine
Ukraine's Azov Batallion is an openly white supremacist militia, while the Russians are nostalgic for communism and Stalin. God help us all, history is repeating itself. Socialists and fascists are slugging it out over whose way is right, and people are dying. The ONLY right way is maximum individual LIBERTY. Oh, by the way, the Russians violated the ceasefire today. -9/8


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Sam's Club logo is the property of Wal-Mart and used here in accordance with Fair Use law. Azov Battalion is an element of the Ukrainian government. Both images were obtained from Wikipedia.

Wednesday, September 3, 2014

Five Libertarian Ideas #24 - People, War, and Austrian Economics



On the Libertarian Party
I used to think the Libertarian Party was a waste of time before I eventually joined. Now I know that a winning political strategy for us is to support libertarian Republicans like Ron Paul, Rand Paul, and Art Alas for state and federal races, while supporting LP candidates for local races.

But when there are no libertarians on the Republican ticket, the red blanket babies can forget it. I WILL NOT SETTLE for "Team R" when I can vote for a candidate who represents my beliefs. -8/14

Non-intervention and blowback
Non-intervention is excellent for preventing FUTURE blowback, but doesn't do anything about the anti-American blowback that currently exists and is still percolating. This is why the liberty movement needs to start forming strategies for national defense AND fighting terrorism at home in ways that remain in harmony with libertarian principles. -8/26

Cathy Reisenwitz
Cathy Reisenwitz
I just saw Cathy Reisenwitz's "resignation" announcement and it makes me sad to see such a great pioneer of liberty for our generation is temporarily "leaving" the movement. In reality, she's not leaving, per se; she's taking an important step out of the realm of talking politics/theory and into that of the market economy (i.e. the REAL world). The folks where she's going need her, and her libertarian influence, a lot more than we do. -8/29

Hans-Hermann Hoppe
Russia, Ukraine, and Iraq
President Obama finally admitted that "Russia is responsible for the violence in eastern Ukraine." Ironically, this was right after addressing US military operations against the Islamic State (in Iraq and Syria). -8/29

Happy Birthday Hans-Hermann Hoppe!
Hans-Hermann Hoppe turned 65 today (Happy Birthday Hans!!!).  He is credited with advancing the field of knowledge trail blazed by Ludwig von Mises and Murray Rothbard.  Perhaps the most important theme to take away from reading his works is that any deviation from the free market (i.e. government) is socialism, and that the more government, the more socialism, and so the descent into authoritarianism and tyranny begins. -9/2


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Libertarian Party banner from LP.org; Cathy Reisenwitz photo from CathyReisenwitz.com; Hans-Hermann Hoppe photo from Mises.org.