The debate on AI often focuses on 'unemployment,' but it misses the biggest point: most jobs suck. We do them only because we need money to survive. This is Ludwig von Mises’s concept of the 'disutility of labor'—we trade our time for purchasing power because the alternative is worse.

#Libertarian #AnarchoCapitalism #AustrianEconomics #AI #Freedom

Today, March 2, marks the 100th anniversary of the birth of the great economist, historian, and political philosopher Murray N. Rothbard.
#birthday #rothbard #economics #history #mespm #austrianeconomics

#economics #AustrianEconomics #libertarinism #libertarian #mises #MisesInstitute

"Governments on all levels just need to step back and allow more housing to be built, more energy to be produced, and healthcare services to be offered. Then the crony, expensive government programs guaranteeing student loans, subsidizing big agriculture, and protecting big pharma need to be cut."

https://mises.org/mises-wire/how-actually-solve-affordability-crisis

How to Actually Solve the Affordability Crisis | Mises Institute

Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they

Mises Institute

The video includes a brief explanation of different a priori truths behind true economic claims and proceeds to refute a series of counter-arguments against capitalism using those truths and derivations from those truths.

https://www.youtube.com/watch?v=aKUeDDAN8mY

#liberalism #classicalliberalism #libertarianism #rightlibertarianism #economics #austrianeconomics #capitalism #anticommunism #antisocialism

Debunking Every Anti-Capitalist Argument Ever

YouTube
"Lao Tzu, after referring to the common experience of mankind, came to his penetrating conclusion: ‘The more artificial taboos and restrictions there are in the world, the more the people are impoverished... The more that laws and regulations are given prominence, the more thieves and robbers there will be’." — Murray N.Rothbard.
#rothbard #laotzu #statism #aphet #austrianeconomics
"The present work (#mespm) deduces the entire corpus of economics from a few simple and apodictically true axioms: the Fundamental Axiom of action—that men employ means to achieve ends, and two subsidiary postulates: that there is a variety of human and natural resources, and that leisure is a consumers’ good."
#economics #rothbard #austrianeconomics #capitalism #science
"Socialism (a book) is most famous for Mises’s penetrating economic calculation argument. The book contains much more however. Mises not only shows the impossibility of socialism: he defends capitalism against the main arguments socialists and other critics have raised against it. A centrally planned system cannot substitute some other form of economic calculation for market prices, because no such alternative exists. Capitalism is true economic democracy."
https://mises.org/library/book/socialism-economic-and-sociological-analysis
#economics #mises #socialism #statism #capitalism #austrianeconomics
Socialism: An Economic and Sociological Analysis | Mises Institute

Ludwig von Mises’s Socialism is the most important critical examination of socialism ever written. Socialism is most famous for Mises’s penetrating economic

Mises Institute
"The infant industries argument advanced in favor of protective tariffs represents a hopeless attempt to justify such measures on a purely economic basis, without regard to political considerations. It is a grievous error to fail to recognize the political motivation behind the demand for tariffs on behalf of infant industries." — Ludwig von Mises, Epistemological Problems of Economics.
#economics #misesquotes #austrianeconomics #statism #capitalism #education #tariffs
"... the rate of interest … is not a function of the quantity of money. It is a function of “time preference,” of the rate at which people prefer satisfactions in the present to the same satisfactions in the future. … … time preference is deeply rooted in human nature and the nature of man; it is not in the least a monetary phenomenon but would be just as true in a world of barter." — Murray N. Rothbard.
#economics #rothdard #capitalism #austrianeconomics