Hayek, Friedrich A. (1952). Individualism: True and False, https://economicslearning.net/economic/economics-foundations/economics-thinkers/f-a-hayek/individualism-true-and-false-f-a-hayek/ It is the contention that, by tracing the combined effects of individual...
Bitcoin - A Peer-to-Peer Electronic Cash SystemDownload
A lesson on understanding the Technology S-Curve
A discussion of the Myths the Cato Institute believes those “hostile to free markets” believe. Each one is studied to see what we can learn form it.
#1 - Non-aggression principle and victimless crimes “How would a libertarian society address drug addiction, public services, caring for the poor, or reckless businesses? #2 - Free-market economics - libertarians prefer laissez-faire capitalism over government...
In his PDF Milton Friedman lays out his argument for why Government is the Problem. I disagree Friedman Claims that Government causes, deteriorating education, lawlessness and crime, homelessness, the collapse of family values, the crisis in medical...
When one looks at the downward trend of Cable TV, it looks like a great example of “creative destruction.” This media evolution is a great deal for consumers and content creators alike. For more than a quarter-century, we’ve been hearing predictions about the demise...
The fundamental question I often ask is, "What is the optimal role of Government?" And I usually use Building Codes as an example. I ask it this way, should the government "MANDATE" building codes? Or should we let the free market do its thing? Or should it be a...
I found this post on Bloomberg interesting. It supports the belief that having money is important for many reasons, including happiness. Having money takes worry out your life. It takes money to live so having it is important. Here is that post. We need to discuss...
The third annual National Conservatism Conference was held Sept. 11-13, 2022. Here are 7 "Beliefs" as reported by the Daily Signal - 7 Highlights from National Conservatism Conference. Sen. Josh Hawley: ‘The American Revolution Is a Continuation of the Revolution of...
Original PDF of Bitcoin – A Peer-to-Peer Electronic Cash System – Satoshi Nakamoto. This is intended to be a “Base 0” Learning Packet from this new Learning Packets can be built.
In a recent post, Cass Sunstein suggested that Behavior Economics somehow invalidates F. A. Hayek. I disagree. Using Fractal Thinking, Behavior Economics is perfectly aligned with Hayek and other important economic thinkers like Adam Smith....
This lesson on the Schools of Economic Thought is additive to the Class on Economic Schools of Thought and helps us make better predictions.
What Is Behavioral Economics? Behavioral economics is, in a way, at the intersection of economics and psychology. In fact, the "behavioral" in behavioral economics can be thought of as the analog of the "behavioral" in behavioral psychology. On one hand, traditional...
Libertarianism is identified as a political philosophy by its commitment to strong rights of private property, free markets, and strictly limited government. Though this is true to a certain extent of all libertarians, it is most clearly and consistently true of...
Creating a Federal Minimum Wage is a Bad Idea for a number of reasons. There is nothing "necessarily" wrong with a community setting a minimum wage. But that minimum wage must be voluntary and limited to that single community. The Congressional Budget Office released...
Is America destined to become like California? Twitter CEO Jack Dorsey created a stir recently when he tweeted out an article calling for an end to bipartisanship and the beginning of nationwide, one-party rule—similar to the Golden State. He called it a “great read.”...
Fractal Economics is giving economics its “Copernican Moment.” Before Copernicus, it was widely believed that everything – including the Sun – revolved around the Earth, rather than the Earth revolving around the Sun. Everyone used Ptolemy’s description of the...
Conservatives often regard any community provided "safety net" as either morally illegitimate or economically destructive. This lesson will examine why opposition to any safety net is the default Conservative position, and why some Conservatives don't believe this is...
Understanding Libertarian Morality: The Psychological Dispositions of Self-Identified Libertarians https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0042366#authcontrib Abstract Libertarians are an increasingly prominent ideological group in U.S....
“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm...
Nock and Mencken on Democracy and Equality Albert Jay Nock (1870–1945) and Henry L. Mencken (1880–1956) were the two leading libertarian intellectuals of the Old Right, during the thirties of the twentieth century. Both defended laissez-faire but opposed the New Deal,...
Hayek on Health Care and Other Social Safety Nets This lesson is on how Hayek views Health Care and other Social Safety Nets. The following passage is taken from The Road to Serfdom, Text and Documents, The Definitive Edition, by F. A. Hayek, edited by Bruce Caldwell,...
Frank S. Meyer: The Fusionist as Libertarian Until a few years ago, the conservative spectrum could be comfortably sundered into the "traditionalists" at one pole, the "libertarians" at the other, and the "fusionists" as either judicious synthesizers or muddled...
Lesson on Federalist Paper #10. What are Factions and why are they important. Madison lays out a great strategy to achieve political stability.
Fundamentals Of Fractal Markets Theory< In the wake of the 2008 financial crisis, many have challenged the dominant economic theories and perspectives on markets. The Efficient Market Hypothesis (EMH) in particular has fallen short in explaining the crisis. According...
The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’ ARTICLE: I, Pencil: My Family Tree - Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf] ‘‘Not a single person in the world knows all the...
[pdf-embedder url="https://economicslearningcommunity.org/wp-content/uploads/2020/06/Libertarianism_and_Pollution.pdf"]
https://fee.org/articles/61-quick-facts-and-observations-on-socialism-jesus-and-wealth/?utm_source=email&utm_medium=email&utm_campaign=2020_FEEDaily 61 Quick Facts and Observations on Socialism, Jesus, and Wealth Was Jesus of Nazareth truly a socialist? An...
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but...
This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals. From The Use of Knowledge in Society.
Ludig von Mises
Aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point...
Twelve Economic Concepts Everyone Should Know 1. Gains from trade: In any economic exchange, freely chosen, both parties benefit–at least in their own minds. 2. Subjective value: The value of any good or service is determined by the individual human mind....
From An Inquiry into the Nature and Causes of the Wealth of Nations, Book IV, Chap. 2 by Adam Smith. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce...
He says Ford proved that higher wages led to more productivity, which in turn was good for business. That positive feedback loop gave rise to a broad, prosperous middle class. But over the years, waves of economic pressures and political changes have broken that link....
“The uniform, constant and uninterrupted effort of every man to better his condition … is frequently powerful enough to maintain the natural progress of things toward improvement, in spite both of the extravagance of government, and of the greatest errors of...
This essay by Matt Zwolinski provides a strong argument for a Hayekian Case for Free Markets how they fit into a stable economic system.
Some of Hayek’s biggest ideas including the Use of Knowledge in Society, The Road to Serfdom, and Individualism: True or False.
“No human wisdom or knowledge could ever be sufficient [for] the duty of superintending the industry of private people..." “[Governments are] ...without exception, the greatest spendthrifts in the society.” “The agents of [government] regard the wealth of their master...
Fractal Politics “The rise of fractal politics” was first submitted to the Nine Dots Prize in response to the question, “Are digital technologies making politics impossible?” The essay was written as a thought piece prior to the announcement of the 2017 UK General...
Ernst Friedrich Schumacher (16 August 1911 – 4 September 1977) was a German-British statistician and economist who is best known for his proposals for human-scale, decentralised and appropriate technologies.[1] He served as Chief Economic Advisor to the British...
This is an evergreen list of important economic thinkers. This list is dynamic and represents the important voices we need to study.
The Condensed Wealth of Nations and The Incredibly Condensed Theory of Moral Sentiments Eamonn Butler Contents 1 Introduction 4 2 The Condensed Wealth of Nations 7Book I: Economic efficiency and the factors of production 9Book II: The accumulation of...
Cartesianism, the philosophical and scientific traditions derived from the writings of the French philosopher René Descartes (1596–1650). Metaphysically and epistemologically, Cartesianism is a species of rationalism, because Cartesians hold that knowledge—indeed,...
According to Hayek, there are two opposing ideas about how to understand individuals and the society in which they live: true individualism and false individualism. These ideas permeate all social and political thought. They apply to beliefs about reason and knowledge, economics, justice, equality, power, tradition, marriage and family, and government.
Introduction If Friedrich Hayek is not in our discussions on how best to govern a community, he should be. Not only because his most popular book, The Road to Serfdom, was used by Reagan and Thacher to run a country (their own admission), but because he has a lot of...
Georgia 6th District — Forbes released its annual rankings of the best employers in America for 2018. There were 17 Companies that might employ residents of the 6th District. This is important. We need to learn what makes these companies the "best" so other...
Is America destined to become like California? Twitter CEO Jack Dorsey created a stir recently when he tweeted out an article calling for an end to bipartisanship and the beginning of nationwide, one-party rule—similar to the Golden State. He called it a “great read.”...
China, which previously threatened tariffs on pork, fruit, and other commodities, today expanded the list to include soybeans, cars, and airplanes. The Bezos #FAKENEWS!!1! Washington Post reports: President Trump showed no sign Wednesday of backing down from an...
Posted: Apr 03, 2018 12:01 AM The opinions expressed by columnists are their own and do not represent the views of Townhall.com. Is it possible that Donald Trump is winning on trade? Last week, Trump apparently delivered two underappreciated victories as a result of...
The complete essay from F. A. Hayek called: “The Use of Knowledge in Society.” It is a fundamental document our Learning Network uses to process information
The real attraction of profoundly bad ideas is that they have the attraction of seeming logical and commonsense. For instance, a lot of conservatives are enamored of term limits. This looks appealing (once you assume away the fact that we do have term limits, we call...
In my post yesterday about freshly-announced benefits from tax reform -- here's another bummer for Pelosi and friends -- I warned that in spite of Americans' positivity on the economy and growing support for the GOP-passed law, outsized Democratic enthusiasm threatens...
WASHINGTON — Supreme Court precedents that have stood the test of time for generations are in danger of falling like dominoes in the next few months. First on the chopping block is a 1977 ruling that allowed public employee unions to collect fees from non-members for...
Five companies that have been associated with cryptocurrencies are AMD, NVIDIA, Overstock, Square and TSMC. AMD, NVIDIA and TSMC provide hardware to mine the digital currencies while Overstock and Square accept them for payment. Bitcoin and workers with a pickaxe and...
When a friend of Jamie Smith’s first urged her to work at a Bitcoin company, her first reaction was, "That’s criminal money, I want nothing to do with that." But once the former press officer for the White House began learning more about the cryptocurrency, she...
Bitcoin and other cryptocurrencies are all the rage with investors — even as their prices have taken some big hits lately. So it should come as no surprise that there are now two exchange-traded funds, or ETFs, focused on blockchain technology, the digital ledger that...
Bitcoin was the first cryptocurrency, but as the first iteration of a revolutionary idea, it was born with notable drawbacks. For instance, one feature of Bitcoin’s blockchain-based currency — security guaranteed by a decentralized method of tracking transactions — is...
Bitcoin will likely "totally collapse," Nobel Prize-winning economist Robert Shiller has told CNBC, adding that it reminds him of "tulip mania" centuries ago in the Netherlands. The Yale University professor said there are "bubbles everywhere," not just in bitcoin,...
Cryptocurrency dip buyers have returned after Bitcoin crumbled through key support and hit a low of less than $10,000 overnight. But the gains seen earlier this morning have solidified in Asian trade, and Bitcoin has now bounced by almost 20% today off its overnight...
Fastest growing occupations: 20 occupations with the highest percent change of employment between 2014-24. Wind turbine service technicians - 108% - $51,050 per year Occupational therapy assistants - 43% - $57,870 per year Physical therapist assistants - 41%...
Metro Atlanta’s own Tom Price, the surgeon-turned-congressman-turned-U.S. Health Secretary, is now getting pummeled for flying around in private jets. Last week, the news site Politico detailed a three-day sprint for which Price spent more than $60,000 on such...
Karen Handel's comment that she does not support a "Livable Wage" supports the narrative that Conservatives in general do not support the idea that poor people deserve any respect or consideration. This post from George Lakoff articulates the notion that how we view...
Tweet A convenience store in Tennessee is featuring a scrolling digital sign outside the gas station offering $50,000 for Kathy Griffin’s head. Lewis Country Store’s Facebook page is littered with controversial messages in an attempt to garner attention. The store’s...
I just learned a new term – Streaming analytics. Apparently streaming analytics is the application of analytics to data while it’s in motion, and before it’s stored – and includes data manipulation, normalization, cleansing and pattern of interest detection. Streaming...
Since the election of Trump to POTUS I have questioned my ability to see reality. I struggle to understand the Trump Narrative. I completely agreed with Obama when he said, "Americans do not elect Donald Trump." And, wow, were we wrong! I just came across a story...
A great post on Economics by Nobel Winner Joseph Stieglitz provides a lot of data for discussion. The title of the posts is "American Inequality Didn't Just Happen, It was Created." (Click here to read the post) Here are some of the things I liked about the post....
To Improve health care and reduce costs we need to change the incentive from making money off of sick people to improving the health of the patient. Tom Price has a plan for Health Care. His plan is to reduce transparency, reduce standards, and increase freedom to...
Joe Scarborough said on Tuesday that the working poor love Trump because Republicans have lied to their constituents for the last thirty years that wealth will trickle down to them if we help the wealthy by cutting taxes. This is not the first time Scarborough as said...
On February 4, 2016 House Republican leaders announced the formation of six committee-led task forces charged with developing a bold, pro-growth agenda. (For updates, visit speaker.gov/confidentamerica.) In and of itself, putting forth a pro-growth agenda is a great...
In the latest GOP Debate Ted Cruz was asked a great question about Healthcare and Obamacare. “Today there are millions of people who gained health insurance from Obamacare and they now rely on it. So the question, Sen. Cruz, if you repeal Obamacare, as you say you...
Taxes are not theft, they are dues. They are dues to belong to the community. They are dues to maintain the common infrastructure required for the community to thrive. Dues are not theft because if you don't want to pay the dues to belong to the community you are...
I happened across Cato Institute's 20 Economic Myths. 20-Market-Myths-Cato-Institute-2007Download Let me start with # 4 - It demonstrates both a Myth and -Straw-man at the same time. The Cato Institute says the following sentence is a Myth. "Markets Depend on Perfect...
Our Representative, Tom Price, is wrong about why you're struggling to make a good living. It is not High Taxes, as he thinks. You're struggling because Automation and International Competition have driven down real wages. Here is what Tom Price says in his latest...
Quick Learn Effectively Manage your Personal Finances Objectives • Grow your personal wealth. • Maintain a good Credit Score. • Reduce your risk of financial hardship. The Facts • Personal Financial Risk is increasing as managing personal finances becomes more and...
The Chart below lets me draw the conclusion that since Obama took the presidency, he has cut our national deficit in half– and it is possible that within the next two years, he could get rid of it entirely. ...
While it might seem that only specialized technical skills like Java programming or network engineering are the best way to get a good job in the 21st Century, that’s not the case. To really get ahead, what a worker needs is social skills....
Tom Price's suggestion in his Healthcare proposal, "Restoring the Trust for All Generations" are wildly and notably extreme. Apparently he sees the enemy as "Washington." This makes sense if you think that Washington is run by Anti-Christians and Socialists and you...
Tom Price's suggestion in his Healthcare proposal, "Restoring the Trust for All Generations" are wildly and notably extreme. Apparently he sees the enemy as "Washington." This makes sense if you think that Washington is run by Anti-Christians and Socialists and you...
Three months after I graduated from college and following a summer journalism fellowship at the Arizona Republic in Phoenix, I had my first interview for a full-time newspaper reporting job. It was in Wilmington, N.C. The managing editor of the newspaper picked me up...
Three months after I graduated from college and following a summer journalism fellowship at the Arizona Republic in Phoenix, I had my first interview for a full-time newspaper reporting job. It was in Wilmington, N.C. The managing editor of the newspaper picked me up...
In a brief and well done video, Colonel Ty Seidule, the Head of the West Point History Department, completely destroys the Neo-Confederate Myth that the Civil War was about anything other than Slavery. Watch it for yourself below:I would say...
Asked if his flat tax plan would further separate the haves from the have-nots, GOP presidential hopeful Sen. Rand Paul (Ky.) said Sunday that income inequality is the result of some Americans working Source: Rand Paul: Income Inequality Comes From 'Some People...
Asked if his flat tax plan would further separate the haves from the have-nots, GOP presidential hopeful Sen. Rand Paul (Ky.) said Sunday that income inequality is the result of some Americans working Source: Rand Paul: Income Inequality Comes From 'Some People...
In a recent Opinion piece in IJReveiew, our Congressman Tom Price, offered yet another vague response to one of most important social issues of our day; how do we achieve a healthy community? He clearly offers no solutions to achieving a healthy community. As is...
The Post below is from Jeremy Mack of The Evangelical Libertarian. I normally would not post something as one sided and non-logical. But, it is being well received in some blogs, so I thought it should be included in our discussions. I am...
The Post below is from Jeremy Mack of The Evangelical Libertarian. I normally would not post something as one sided and non-logical. But, it is being well received in some blogs, so I thought it should be included in our discussions. I am...
If any supposed Jesus-loving “Constitutional Conservative” were to actually sit down and read the United States Constitution, there is something missing that may be of interest to them — any mention of God, Jesus, or Christianity. If we’re...
Inside one reverend’s big business-backed 1940s crusade to make the country conservative again. Read more:...
Symbols of the Confederacy are an inescapable fact of life in Southern states. The Confederate flag is displayed prominently near the South Carolina statehouse, evoked in multiple Southern state flags, flown in frontyards, on T-shirts and...
Change - Complex systems are in a complex state of flux. Focus on what you can control. Do not become attached to one way to do something. Small independent book stores gave way to Barnes and Nobel and other big box book sellers. Then then gave way to Amazon....
[ted id=2265] Great Video of how we think. Specifically the comments about how we can take very little information and create huge conclusions.
A post by Sean Buckley got me thinking about the reasons against Moral Absolutism actually existing. I came up with two off the top of my head. I'm sure there is more and I am going to add this discussion to the @lantis Learning Community. The first post was from...
Below is a post from Matt Slick. (I copied the entire post. I hope Matt does not hold me in copyright violation). Matt Slick is President and Founder of the Christian Apologetics and Research Ministry (CARM). Matt started CARM to respond to the many false teachings...
Written by Imara Jones Wednesday, January 9 2013, 10:02 AM EST http://colorlines.com/archives/2013/01/10_things_django_wont_tell_you_about_slavery.html Much hullabaloo has been made recently about slavery as entertainment in movies like “Django Unchained" and...
I have divided the Learning Community Web Sites into two categories: Not for Profit (fundamentally ".org" sites) For Profit (fundamentally ".com" sites) The For Profit sites support the Not for Profit sites. But, the key is, the Not for Profit Sites are more...
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