Night Always Follows Day

(Austrian) Economics, Statism
Share
Logical Fallacy or Inevitability?

There’s an inevitability to the march of totalitarian economic control which Austrian School Economists have warned about repeatedly. There’s a tipping point which exists when a state interferes in an economy beyond which a state will invariably enact the same destructive policies which have collapsed the economies of other states which engaged in similar folly. This folly consists of practices such as debasing the currency, running up massive deficits and debt, and excessively regulating economic activity. (Note, of course, that for us anarchists all state regulation of economic activity is excessive; but, for my purposes here, we can limit the purview to the stifling, bureaucratic interferences like housing acts, forced lending to “sub-prime” borrowers, GSEs, mandates by the FDA and FTC and other three-letter economy-killers, etc.) What happens is simply this:

  1. Some economic “injustice” or “inequity” or “imbalance” (it almost always starts with those keywords, so be on the lookout) exists and is too upsetting to be tolerated.
  2. The state is used to enforce justice/equity/balance.
  3. These attempts to overthrow the laws of economics succeed only in creating new problems (“unintended consequences”) which then require further state action to attempt to alleviate.
  4. A slippery slope comes into play at this point, with each new state interference into the market creating new problems until everything the Austrian School economists warned of comes to pass.

So it should come as no surprise to anyone who’s been paying attention that the state is now making it very difficult (and painful) for people to escape the country with their assets (link goes to Zero Hedge) :

Night Always Follows Day Read Post »

Drugs Without Patents: Profit and Cornucopia

Business, Drug Policy, Mercantilism, Science, Technology
Share

pattent applicationProponents of intellectual property rights and patents say that without them, drug companies could not profit. They’d just be undercut by generics, which would lead to a downward spiral of decreasing innovation, undercutting the entire industry. Furthermore, socialists argue that a truly free market would not get drugs to the poor. These arguments fail for several reasons: research costs, trade secrets, incentives for continuous innovation, and incentives for rapid worldwide distribution.

Drugs Without Patents: Profit and Cornucopia Read Post »

Protecting us from Warranties

Business, Nanny Statism, Technology
Share

I ordered an iPad a couple weeks ago and tried to order the AppleCare warranty. I then received a notice saying this had to be removed from my order because Apple had not yet received “regulatory approval” yet for my state (Texas). I just received this email from Apple:

You were notified recently that AppleCare Protection Plan was pending regulatory approval in your state and this item was canceled from your order.

We are pleased to tell you that Apple is now authorized to sell the AppleCare Protection Plan for iPad in your state.

Please reply to this email if you would like us to add AppleCare Protection Plan for iPad back to your order.

Sincerely,
The Apple Store Team

As my fellow blogger Brian Martinez noted, it’s ridiculous Apple needed the state’s permission to offer a warranty for its own product. Thank God the state is here to protect us!

Protecting us from Warranties Read Post »

Summary of Ten Rules for Dealing with Police

Police Statism
Share

If you don’t have time to watch all of this excellent video from flexyourrights.org that premiered at Cato a few days ago, then here’s my summary:

1. Obey, be respectful (“lick boots”), or you may be tazed. (14:00)
2. Remain silent, but lick boots. (16:00)
3. Memorize and use this line: “I don’t consent to searches.” (17:50, and 18:35 is hilarious)
4. Police lie, especially to trick you into consenting to searches. Don’t believe them. (19:28)
5. Memorize and use this line: “Are you detaining me, or am I free to go?” But lick their boots. (20:00)
6. These things are mostly avoidable: don’t expose yourself. (23:52)
7. Don’t run, lick boots. (26:50)
8. Never touch a cop, lick boots. (28:00)
un-numbered but good: “I’m going to remain silent. I’d like to see a lawyer.” (28:55)
9. Police misconduct: remember everything and hopefully someone’s filming it. (33:05)
10. Don’t let the police into your home. (39:22)
un-numbered but good: “I can’t let you in without a warrant.” (40:40)

Summary of Ten Rules for Dealing with Police Read Post »

OK Go and the Old Media Model

Business, IP Law
Share

The brilliantly innovative band OK Go has decided to leave its label, EMI, and start up its own company, Paracadute Recordings. The band’s Damian Kulash explains why in a fascinating interview with Leo Laport on TWIT. This presages the direction a lot of creators and artists will start to take as they leave the copyright-mired Old Media Dinosaurs behind.

OK Go and the Old Media Model Read Post »

Scroll to Top