The Voluntaryist Haven

Dr. Patrick Newman joins us to discuss the contents of his newest book Cronyism: Liberty versus Power in Early America, 1607–1849, on the economic and political climate that has led to our current condition. Watch his lecture here: https://www.youtube.com/watch?v=XKFDtEt2eYw

Frank Fetter and his contributions have been overlooked for the most part, including various theories of rent, interest, price, exploitation, and their foundations and relations to the subjective theory of value. Fetter was seen as one of the leading Austrians, only to be surpassed by Mises himself a few decades later, more specifically in the area of subjective value theory. Matthew McCaffery has been an active revivalist of Fetter's ideas, relationships, contentions, and contributions.

Rent control, the landlord, monopoly, and exploitation: challenges put forward by anti-capitalist advocates and occasionally by supporters of a "free market". Walter Block, one of the most well-known Libertarians of our age, has studied and methodically attacked these ideas, first in his doctoral dissertation, then a few years later in the book "Rent Control; Myths & Realities" in conjunction with economists like Edgar Olsen, Friedrich von Hayek, Milton Friedman, and several others, as well as in essays throughout his long, prosperous career. Block is one of the most notable students and friends of the great Murray Rothbard, who has emulated his drive as a teacher and educator, as well as a continuation of his genius throughout dedicating his life to promoting economic and individual liberty.

For years, libertarians have opposed the presence of the United States military in foreign nations, more specifically in the middle east. Ron Paul and Murray Rothbard have both been strong critics of the idea of interventionism and the former campaigning against the occupation as a governmental figure. However, the time has come, and the terrorist group the Taliban has overthrown the government of Afghanistan, causing the United States to withdraw military and civilian personnel. Is this a wake-up call for the general population to the libertarian philosophy?

Joined by our fellow Voluntaryist Haven member Scott, we discuss the foundational aspect of economics: method. Though having different interpretations, the Austrians, most notably Murray Rothbard and Ludwig von Mises, were staunch advocates for the praxeological method or the study of Human Action to conduct economic analysis. Although, some Austrians, such as Ludwig Lachmann holding the position of a Radical Subjectivist approach in a kaleidic world as inspired by GLS Shackle or Freidrich von Hayek and his deviation from praxeology towards a fatalist approach to the logic of action. The logic of action has inspired long-discussed interpretations between Austrians concerning equilibrating mechanisms and the theory of entrepreneurship.

The London School of Economics is very prominent in Austrian history, most notably with F.A. Hayek. His legacy led to the creation of the Hayek Society, which is sought to be dissolved by class war activists in the name of anti-capitalist progress.

Discussing the future and possibilities Bitcoin brings to the table and the net positives of free trade economics with our guest Michael Hoffman.

Discussion with author and economist Michael Hoffman about the Austrian theory of economic cycles and modern monetary policy.

The history of the marginal revolution and its products is extensive and resulted in various sparks of controversies and new developments, paving the way for some of the most influential economists and their contributions. Nevertheless, Austrian economics's future is undetermined and must be gently guided in a world of misinformation in a new realm of social media. Please be aware of technical difficulties.