Episode 007 | Politely Up Yours - Needs And Wants
05/25/16 • 47 min
Joe Macaluso and Dave Rael discuss the nature of supply and demand economics and whether markets work only for those things that are merely wants, rather than needs, or if regulation is necessary to make sure people are able to meet their needs.
Chapters:- 0:08 - Book Club - Man, Economy, and State
- 1:32 - Expanding a sample economy to multiple economies
- 3:39 - Self-maintenance of market equilibrium
- 6:34 - Supply and demand and the capability/incapability of markets to serve needs as well as they serve wants
- 10:14 - Cancer treatment as an example of failure of the market
- 17:48 - Failures of entire economies
- 20:38 - The nature of money and monetary policy, central banks, and currency manipulation
- 27:45 - Wealth and income imbalances and the potential of the imbalance to distort market equilibria
- 34:04 - Market instability, cycles, and the creation of the Federal Reserve in US History
- 39:18 - Real examples from history of free societies - do they exist?
- 43:06 - Flawed human nature, greed, and concentration of power
- Man, Economy, and State with Power and Market, Scholar's Edition - Murray N. Rothbard
- Costs of Cancer Treatment
- Insuring against the high costs of cancer
- The Peter Schiff Show
- The Spirit Level: Why Greater Equality Makes Societies Stronger - Kate Pickett, Richard Wilkinson
- Best of the Left Podcast
- The Best of the Left Episode with the recommendation of The Spirit Level
- History of the Federal Reserve
- Dr P.J. Hill on the Tom Woods Show - The Not So Wild West
- The Not So Wild, Wild West: Property Rights on the Frontier (Stanford Economics & Finance) - Terry L. Anderson, Peter J. Hill
Joe Macaluso and Dave Rael discuss the nature of supply and demand economics and whether markets work only for those things that are merely wants, rather than needs, or if regulation is necessary to make sure people are able to meet their needs.
Chapters:- 0:08 - Book Club - Man, Economy, and State
- 1:32 - Expanding a sample economy to multiple economies
- 3:39 - Self-maintenance of market equilibrium
- 6:34 - Supply and demand and the capability/incapability of markets to serve needs as well as they serve wants
- 10:14 - Cancer treatment as an example of failure of the market
- 17:48 - Failures of entire economies
- 20:38 - The nature of money and monetary policy, central banks, and currency manipulation
- 27:45 - Wealth and income imbalances and the potential of the imbalance to distort market equilibria
- 34:04 - Market instability, cycles, and the creation of the Federal Reserve in US History
- 39:18 - Real examples from history of free societies - do they exist?
- 43:06 - Flawed human nature, greed, and concentration of power
- Man, Economy, and State with Power and Market, Scholar's Edition - Murray N. Rothbard
- Costs of Cancer Treatment
- Insuring against the high costs of cancer
- The Peter Schiff Show
- The Spirit Level: Why Greater Equality Makes Societies Stronger - Kate Pickett, Richard Wilkinson
- Best of the Left Podcast
- The Best of the Left Episode with the recommendation of The Spirit Level
- History of the Federal Reserve
- Dr P.J. Hill on the Tom Woods Show - The Not So Wild West
- The Not So Wild, Wild West: Property Rights on the Frontier (Stanford Economics & Finance) - Terry L. Anderson, Peter J. Hill
Previous Episode
Episode 006 | Politely Up Yours - Rights
Dave Rael and Joe Macaluso discuss rights and come to an agreement on what rights are. The conversation uses healthcare as an example to explore what is and isn't a right and goes through many examples. Ultimately, the question whether citizens are slaves of the state is addressed with a thought exercise.
Chapters:- 0:22 - Book Club - Man, Economy, and State
- 1:06 - Psychic Revenue
- 2:00 - Exchange and the division of labor
- 4:06 - Buying the same goods from different suppliers: different goods rather than same goods with different pricing considerations?
- 7:53 - What are rights?
- 8:48 - Right to free healthcare?
- 11:38 - What is healthcare?
- 13:43 - More clarity on the nature of rights
- 15:47 - The theistic terminology of the US Declaration of Independence
- 16:55 - The nature of the "right to life" and relevance for medical care
- 21:28 - Are medical care providers forced to provide care?
- 24:27 - Charity, marginal utiilty, and insurance
- 28:13 - Philosophy and government providing where individuals cannot
- 32:32 - Conclusion regarding the nature of rights
- 34:33 - Application of the term "right to eduction"
- 35:03 - Voting rights
- 36:00 - The US Bill of Rights and gun ownership rights
- 38:52 - Establishment of ownership and homesteading
- 41:15 - Unfairness
- 45:37 - The reality or unreality of an impartial arbiter
- 46:44 - Good enough government
- 49:38 - Membership in government as voluntary? The example of the secession of the southern states
- 52:03 - The imperfect nature of the American system of government
- 53:17 - Slave of the state?
- Man, Economy, and State with Power and Market, Scholar's Edition - Murray N. Rothbard
- Bernie Sanders on the Right to Healthcare
- A respectful ideological collision between Bernie Sanders and Rand Paul
- United States Declaration of Independence
- "I have never let my schooling interfere with my education." (may not have been Mark Twain)
- Homestead Acts
- Homesteading
Next Episode
Episode 008 | Politely Up Yours - Religion
Dave Rael and Joe Macaluso faith and religion, the impact of religion on societal norm,
Chapters:- 0:52 - Book Club - Man, Economy, and State
- 2:11 - Elasticity of demand
- 3:17 - Outlay
- 5:47 - Speculation and equilibrium
- 12:13 - Digging into religion and personal experiences of faith and institutional religion
- 19:21 - Science, observation, the scientific method, and faith
- 20:49 - Progression of human knowledge; morality and ethics; the state as religion
- 24:13 - Sources of wisdom, inspiration, and ideas of "right" behavior
- 28:25 - Secular ethics: The Non-aggression principle and Stefan Molyneux's Universtally Preferable Behavior
- 32:22 - Selfishness, virtue, and altruism
- 42:01 - Guilt, Original Sin, and white privilege
- 44:48 - Comparisons of church and state
- 47:28 - Perceptions of "the one percent"
- 49:49 - Sources of conflict and zealotry
- Man, Economy, and State with Power and Market, Scholar's Edition - Murray N. Rothbard
- Arbitrage
- Herbert Henry Dow and the German Chemical Cartel
- Campus Crusade for Christ
- Deism
- Scientific method
- Non-aggression principle
- Stefan Molyneux - Freedomain Radio
- Universally Preferable Behaviour: A Rational Proof of Secular Ethics - Stefan Molyneux
- The Virtue of Selfishness, Centennial Edition - Nathaniel Branden, Ayn Rand
- Dave's Blog Post on Self-Sacrifice
- Original Sin
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