I will begin this session by asking two of the most crucial questions of our time. These questions, however, without explanation, sound more innocuous than they sound crucial or critical – which they are. Question one: How can we determine what is a fair price for any product or service? And question two: How can we set the price for any product or service?

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Meet the hosts

For more than half a century Jay Stuart Snelson studied, thought, lectured, and wrote about freedom; personal, individual freedom. Snelson envisioned a viable solution to build a sustainable society based on win-win interaction: In order for one party to win, the other must win. This is diametrically opposed to the way it has always been done.


  • In a natural environment – let’s describe such an organic environment as an unhampered market economy – humans recognize the beauty and benefits of social cooperation. If you think about the meaning of social cooperation in the context of two or more individuals it is easy to recognize that each person has something to offer. First of all if it is a truism that every snowflake is unique how can it not be appreciated that every human being is powerfully unique. Additionally each human being has seen the world through a different lens and as subjective human beings they have unique perspectives to bring to their surroundings. It is easy, then, to see that the division of labor began occurring as far back as human records and beyond. Even without assuming the great potential of creativity that is inherent in humans (and those dynamic implications), the diverse contributions made led to an advancement of the economic conditions, as is recognized and understood and documented in economic theory. It is the diversity of humanity and the releasing of the human potentials within an unhampered market economy that optimizes the progress of civilization. What is the State? It is a monopolizer of power and control and authority. By its very nature it undermines the potential of the human contributions to the economy. Its tendency is to function as a monopolist which is the opposite of the tendencies of division of labor, diversity of thought, and experiential subjectivism. On grounds of pure logic – the State is detrimental to human civilization. That is without even considering how susceptible it is to corruption, and the destructiveness of the ego-driven when the monopolistic reigns of power are seized.

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  • Perhaps you will find this magnificent BBC documentary interesting. It tells the story of the ancient city of Caral, a little north of Lima on the coast of Peru, which is arguably the oldest city in and the beginning of civilization in the Americas. The Lost Pyramids Of Caral There are two points I would like to make about the story told therein of Caral which I think are relevant to libertarians. 1) The early civilization of Caral apparently arose purely out of commerce. This confirms the insights of the Austrian school of economics. And it may be an example of a commercially organized cooperative human society that antedates the rise of any state. 2) This contradicts the presumptions brought to the study by the archaeologists. For one example, at 7:20 one states the following. You can’t build … on the basis of consensus. You have to have leaders and followers. You have to have specialists. You have to have people who are in charge. People who can tell individual groups, alright, today you will be doing this. This group you are going to be doing something different. In other words, in his academic world, the possibility is inconceivable of that human cooperation could be organized by trade — the marketplace — rather than authority.

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  • I’m interested in working for Bitcoin but atm it’s hard to find these kind of sites. At the moment it seems quite hard to benefit from Bitcoin unless you have purchased Bitcoins through your current accounts as investments. However, as someone noted somewhere else, buying and selling goods for Bitcoin online seems to be hard. How can Bitcoin make a real difference while it’s still not a feasible currency for most of us?

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