My 2 Cents

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Citations:

Sowell, T. (2014). Basic Economics. New York: Basic Books.
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Why Wealth Inequality is Awesome (Vox Debunked)

October 18, 2018October 18, 2018 / My 2 Cents / Leave a comment

Vox put out a short video explaining how dangerous wealth inequality, and its little brother income inequality, are to society. Putting aside the fact that income inequality decreases the more economically free a country is, people often forget that wealth inequality is a good thing. Wealth inequality is what allows the market to take the luxuries of today and turn them into the necessities of tomorrow.

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Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

Economic Freedom and Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

70% of Lottery Winners Go Bankrupt: https://www.cleveland.com/business/index.ssf/2016/01/why_do_70_percent_of_lottery_w.html

Ludwig von Mises, Economic Freedom and Interventionism (FULL TEXT): https://mises.org/library/economic-freedom-and-interventionism/html

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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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Why Capitalism is Awesome (Non-Compete Debunked)

October 4, 2018October 4, 2018 / My 2 Cents / Leave a comment

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Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

The Link Between Lack of Economic Freedom and Wealth Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

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Do We Need Government? NO! (The Infographics Show Debunks Itself)

August 23, 2018August 23, 2018 / My 2 Cents / Leave a comment

The Infographics Show recently released a video called “What If The US Government (Suddenly) No Longer Existed?” In this response, I correct their faulty assumptions and demonstrate not only that we don’t need government, but that we’d be better off without it. Thank you to my patron Skorch88 for suggesting this video.

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Original Video:

Hidden Secrets of Money Episode 4:

Money vs. Currency:

The Truth about the US Dollar:

Citations/Further Reading:

Belgium Is Thriving Without A Government. (2011, September 29). Retrieved August 21, 2018, from https://www.businessinsider.com/belgium-is-thriving-without-a-government-2011-9

Worstall, T. (2016, October 27). Spain Has No Government For 10 Months – Economy Grows, Unemployment Falls To 18.9%. Retrieved August 21, 2018, from https://www.forbes.com/sites/timworstall/2016/10/27/spain-has-no-government-for-10-months-economy-grows-unemployment-falls-to-18-9/#6e1e42afb62c

https://www.washingtonpost.com/news/wonk/wp/2018/06/19/there-are-more-guns-than-people-in-the-united-states-according-to-a-new-study-of-global-firearm-ownership/?utm_term=.fd3ab093b94f

https://www.advisorperspectives.com/dshort/updates/2017/09/22/median-household-incomes-by-age-bracket-1967-2016

http://thehill.com/opinion/campaign/391364-social-security-isnt-going-broke-its-already-broke

https://www.bop.gov/about/statistics/statistics_inmate_offenses.jsp

https://www.sentencingproject.org/publications/private-prisons-united-states/

https://fee.org/articles/free-enterprise-is-the-worlds-only-successful-strategy-for-reducing-poverty/

Leeson, P. T. (2007). Better off stateless: Somalia before and after government collapse. Journal of Comparative Economics, 35 (2007), 689-701. Retrieved August 20, 2018 from http://www.peterleeson.com/better_off_stateless.pdf

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Patron Request: Wage Labor is Slavery Debunked Part 2

January 13, 2018January 13, 2018 / My 2 Cents / Leave a comment

Made based on a patron request, this is the second in a series of videos debunking anarchopac’s video claiming that working for a wage is slavery.

Part 1: https://youtu.be/QBUwvMsxuoY

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Money vs. Currency

December 12, 2017December 12, 2017 / My 2 Cents / Leave a comment

I was recently asked who would be responsible for printing money in an Anarcho-Capitalist society. To answer that question we first have to make the important distinction between “money” and “currency.” Once we do, it quickly becomes clear that private central banks are not necessary for the creation of money. They only want you to think they are.

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Falling Rate of Profit/”Late Stage Capitalism” DEBUNKED (Collab w/ Esoteric Entity)

October 29, 2017October 29, 2017 / My 2 Cents / Leave a comment

I’m joined by my friend Esoteric Entity in this video. Tovarishch Endymion thinks that Marx proved that profits inevitably fall and therefore Capitalism was doomed from the start. However, market economies still thrive while socialist visions like the USSR have collapsed. Was Marx right? Even if he was, he certainly didn’t prove that Capitalism is doomed or that Socialism is superior.

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Original Video:

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Academic Sources:

Cockshott, P. (2013). Is the Theory of a Falling Rate of Profit Valid? World Review of Political Economy, 4(3), 323-340.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

How Government Regulations Made Healthcare So Expensive. (2017, May 09). Mises Institute. Retrieved from https://mises.org/blog/how-government-regulations-made-healthcare-so-expensive

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What is Democratic Socialism? A Horrible Idea!

October 10, 2017 / My 2 Cents / Leave a comment

What is Democratic Socialism? Is it a preferable alternative to Socialism Socialism? Democratic Socialism has essentially become synonymous with expanding the welfare state, and unfortunately it retains the same flaw that make Socialism proper a horrible idea.

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