I'm a boricua ancap libertarian of the Rothbard-Machado variety. Born in P.R., grew up in Queens, now living in Cali. Be warned: I am blunt & angry.
Still finding so many amazing shots from #sdcc …. Like this one with @dakanaka
It’s just how Mista j hugs me…. Tightly, with his hand, Around my neck. 💚💜
#harleyquinn #joker #dc #batman #cosplay #costume #sdcc14
What is this from?
it says “Barcelona 2012” in the foreground. She’s obviously an athlete of some sort. Clearly those are hurdles. Her number is 1026 (also says “Barcelona 2012” there).
Wonder what happens if I type “Barcelona 2012 hurdles 1026”…
"If we want our police to act more like Sheriff Andy Taylor and less like militarized aggressors, we must look to private models — models where our interests are aligned with security providers. Only then can we bring back true “peace” officers, private security providers focused on preventing crime and defusing conflicts in cost effective and peaceful ways."
It makes you wonder why nobody is building alternative lines of transportation, since it’s apparently a goldmine of profit.
THERE’S ONLY A TROLLY! WHATEVER SHALL ME DO?
Walk? Jog? Swim? Boat? Ride a bike? Bus? Taxi? Uber? Car? Helicopter? System of trapezes?
All these people and businesses slaves to the trolly can’t come up with an alternative? They opened shops and neighborhoods without figuring out how to get customers or go home?
lol fucking statists. They think the rest of the world is unable to survive without being told what to do…
Wouldn’t that involve being able to make quantitative predictions, which Austrian economists explicitly state they cannot do?
But this is precisely why Austrian economics is not useful. It can’t do any…
understand the difference between an economist and an entrepreneur
Austrian economics is part of a general science called praxeology that studies human action by deducing principles from a priori knowledge of and relating to the nature of action. Human action is (i) conscious, purposeful actions we as individuals take (ii) to attain our goals (iii) under conditions of uncertainty and scarcity of resources (iv) in order to maximise satisfaction or minimise dissatisfaction. We face and attempt to address this “economic problem” of having unlimited wants but only limited resources.
We engage in production, more specifically in the transformation of elements through chosen means (starting with human labour and other nature-given primary factors of production) to reach desired ends. Each day we endeavour to increase our means, resources, abilities and skills in order for us to attain our wants. At the same time, we face uncertainties, interferences, failure, natural changes and the effect of other people’s actions. In addition, our goals, wants, preferences and values also change over time. Because of these changes, we may adjust our plans and actions with the purpose of trying to achieve our wants.
Each action involves purely ordinal value judgments based on imperfect knowledge we possess at the time. For every choice and action we take, there is a foregone alternative or opportunity cost. Since our valuations of things are subjective and different, exchanges at a price (the rate of exchange) using money (the medium of exchange) becomes possible. We exchange what we least value based on the law of marginal utility. This is only conceivable under an institution of private property where we can own property, use it and trade it freely, so long as we do not interfere with the equal rights of others.
The market is a process where we interrelate and make exchanges by voluntary and interpersonal cooperation or agreement. We continuously work to relieve ourselves of the economic problem and, while doing so, we involve other individuals and their disparate goals. Other market properties such as the division of labour and more complex stages of production are outgrowths of this. The market economy and the price system are hence viewed as a catallaxy, defined by Friedrich Hayek in Law, Legislation and Liberty, as “the order brought about by the mutual adjustment of many individual economies in a market”. The market is an extensive, interlocking structure that elegantly runs itself without a central controller, devoid of coercion, thanks to entrepreneurs.
Austrian economics has afforded entrepreneurs central role and importance. All purposeful human action is entrepreneurship. Mises also speaks of entrepreneurs in a business/market/more catallactic sense. Similar to Menger’s description, Mises says that an entrepreneur is an economizing individual who acts under conditions of uncertainty and makes either a profit or a loss. Mises states in Human Action:
"…it is impossible to eliminate the entrepreneur from the picture of a market economy. The various complementary factors of production cannot come together spontaneously. They need to be combined by the purposive efforts of men aiming at certain ends and motivated by the urge to improve their state of satisfaction. In eliminating the entrepreneur one eliminates the driving force of the whole market system."
Therefore, in order to elucidate economic phenomena in a complex economy like ours (where numerous individuals with different values and imperfect knowledge are interconnected and interrelated in the market), Austrian economists stay true to Menger’s law of cause and effect by trying to trace economic consequences back to the individual actor and his or her actions.
Although Austrian economics remains silent on policy and makes no value judgments, we can take the school’s theories and make our own normative assessments. To illustrate, when we look at the Austrian description of production we’ll see an extensive, interlocking structure that elegantly runs itself without a central controller. Adding a central controller only disrupts the process and introduces inefficiency. When applied to government regulation, we can argue the falsity of the proposition that without government regulation in economic activity, the economy itself would erupt into chaos. The markets, in reality, are self-regulating through the participatory behaviour of individuals involved in the process of production and exchange or even through private regulatory bodies.
Re; “The market is an extensive, interlocking structure that elegantly runs itself without a central controller, devoid of coercion, thanks to entrepreneurs.”
The real ”market” is neither without controller, nor devoid of coercion. The rules of property under which the entrepreneur operates are highly political, providing vastly greater entitlement to ownership at the expense of work. This situation is seen as “traditional” because political behavior has been a default from the very beginning of human economic interaction, and therefore many imagine the resulting entitlement to be “property”, but it isn’t.
What you’re talking about are interferences to the (free) market. That’s the point.
Political behavior also has not been the default, that’s ridiculous. And non-property? Come on.