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Is America more capitalist or communist? When reading the communist manifesto, one could actually make the case that America has made many great strides towards communism. Furthermore, whenever someone blames the “free market” for XYZ, it seems almost hysterical. How can one blame the free market for our problems when GOVERNMENT controls our MONEY?!

Prior to that discussion, Tim and Ande discuss the “slave owner’s” mentality with regards to NFL team owners forcing their players to stand for the national anthem. There’s a big difference between slaves and people who play games for millions of dollars being told what to do by their employers.

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Meet the hosts

I am the CEO of Preuss Media LLC as well as a 20-something political commentator, blogger, talker, musician, bookworm, and weight lifter. Although lacking a formal college degree (something I boast about), my strange brain contains a wealth of knowledge of economics, political science, and philosophy.

discussions

  • What role (if any) should the gov’t play in the continued funding of cutting-edge scientific research? According to the OECD (Organization for Economic Cooperation and  Development), approximately 10% of all R&D conducted globally is directly funded by governments, with approximately 60% done by private industry and 20% by educational institutions. Granted, this number probably doesn’t take into account indirect gov’t funding through tax subsidies and incentives. That 10% goes towards projects on the cutting edge of science, such as NASAs various space ventures and the Large Hadron Collider at CERN (funded through the governments of the member states). Proponents of big gov’t science, such as Neil Degrasse Tyson, have stated in the past that projects like these are unlikely to be privately funded due to their high risk, high cost, and lack of return on investment. Gov’t, claims Tyson, is required to make the initial step and take all the risk so that private firms can follow in its wake with a clear picture of the requirements of such endeavours. TAM 2011: Our Future in Space Would such high risk, high cost projects be possible without gov’t backing?

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  • It can be a challenge to keep up with all the taxes one needs to pay throughout the year, and than to deal with all the paperwork that needs to be filed can be frustrating. What would be a good way to simplify the Tax Code? Below is a list of some of the taxes that we the people need to pay, or at least we experience their effects at one time or another. -Medicare, Medicare, Social Security, Federal Inocme Tax, State tax, Local Tax, Corporate tax, Sales Tax, Property Tax, estate tax, alcohol tax, tobacco tax, gift tax, tariffs on imports and exports, etc. Would a simple flat or consumption tax do the trick?

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  • Hello, I’ve become quite keen on Jeffrey Rogers Hummel views on inflation. https://fee.org/articles/governments-diminishing-benefits-from-inflation/ That governments don’t get as much cash money as they used to from Seigniorage(money printing)…becuase of some details of the modern banking system. Hummels view is that the US Gov is more likely to actually default on it’s bonds than print it’s way out of it’s financial problems as so many of us libertairans often predict. Any way…. how are people actually calculating the revenue states are getting from seigniorage? There is constant mention to specific statistics in his works on what revenue governments make from printing money…but how are economists attempting to calculate this so exactly? “Almost none of the developed countries could boast seigniorage amounting to more than 1 percent of GDP, despite the fact that the study incorporated the inflationary years of the 1970s. Joseph H. Haslag’s smaller sample of 67 countries over a longer period, 1965 to 1994, finds that seigniorage averaged about 2 percent of total output for the entire sample, ranging from as low as 0.25 percent to as high as 9.98 percent (for Ghana).” However, I’m not smart enough to figure out how this is being calculated? When I Google — I see Seignoarge defined as the cost to money vs what the money is worth. (if it costs 1cent to print a dollar bill than Seigorage is 99cents). Pennies have negative seigniorage — cost the Gov more to mint than 1 cent.) But for the point Hummel is making it seems like a more sophisticated calculation? How did people figure out that for example in WW2 seignorage was 6%? Perhaps this is rather obvious? Thanks! –Luke

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  • Venezuela has the highest violent crime rate in the world. Though it is not moral or justified, people choose violence over starvation when there are no alternatives. Of course, “we” libertarians all know that this situation was created by government/s coercion’s consequences, but so few among the greater population seem to recognize that. It seems like a similar fate faces the whole world.

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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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