Economics Salon, Day 1: Introduction

December 31, 2011

The author, as a child.

When I was a child, I talked like a child, I thought like a child, I reasoned like a child. ~1 Cor. 11

I’ve borrowed the title Economics Salon from my great friend, Jeannette Ryder of, who is interested in learning more about economic fundamentals. She has composed a panel of pseudo-experts (i.e. opinionated acquaintances) of varied backgrounds to guide her through the morass. Of course, I am thrilled to present the libertarian perspective. I’ve wanted to compile a history of my own personal intellectual development on political and economic matters for quite some time. Jeannette’s invitation is a perfect opportunity to get started.

My goal for this series is to have my legions of devoted critics understand my libertarian political ideas well enough to be able to predict what my position would be on any political question. Basically, I want to put my mind inside of the reader’s mind, as if the reader were performing a mind meld. I want the reader to know my thoughts, like this:

You, too, will believe! At least, that is the goal, and if you do not, it will not be for lack of understanding. Those who are not convinced will help me greatly if they told me which of the following explanations they found unconvincing, and why. That way, we may all proceed together in pursuit of truth.

Well, if I want to insert all of my political mind into yours, the best place to start is at the beginning: When I was a child.  Read the rest of this entry »

Links for November 21, 2011: Story of Broke; MoJo mangles the market (again); Unpaid interns want money (Who doesn’t?); others….

November 19, 2011
  1. For all of its flaws, this is actually not an awful video, considering the source. Annie mostly correctly identifies government boondoggles and waste as reducing the quality of our economy. She unfortunately does not identify the correct solution. He clings to the myth of good government. If only we vote the bums out, we’ll get good government, she seems to believe. I don’t think that’s ever happened, and I don’t think it ever will. As I’ve been saying ever since the Occupy movement has been making some of its demands known: Handouts to the politically connected are not a bug, they are a feature, of government. The free market will solve these problems better than the ballot box will.

  2. Lee Doren critiques “The Story of Broke” more fully.

  3. What Sexton should worry about is the very institution the Freakonomics crew worships: the market.

    First fallacy: Misrepresent the market. The market is where people go to exchange goods and services peacefully and voluntarily. People should worry not about peaceful, voluntary exchange, but rather about forceful interference into peaceful, voluntary exchange. Read the rest of this entry »