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Hayek

16 December 2013

Malvasi – Consumer Credit Society Impoverishes Wealth And Soul

Mandeville, LA – Exclusive Transcript – "According to the Reuters News Agency, the Sparkasse Bank in Chemnitz recently issued a MasterCard adorned with the hoary visage of Marx himself. So, now you can get a MasterCard Karl Marx edition. Doesn’t this play right into Marx’s adage that the capitalist would sell the very rope that would be used to hang himself?" Check out today’s transcript for the rest…
19 July 2013

Americans Can Say We Live In A Free Market Economy, But That Doesn’t Make It True

Mandeville, LA – Exclusive Transcript – You have to have trust in the price system and the market. That’s really one of the great fields of unexplored study in mainstream discourse in the United States, the study of actual free market, the way markets work and the way the price system is the greatest regulator and distributor of resources in the history of man. Check out today’s transcript for the rest…
25 June 2013

Liberty Exists Without The Government’s Permission

I just stop sometimes, I just marvel, seriously marvel at what liberty has created on these shores. We have things that no civilization in the history of Earth, hell, in the known universe, going all the way back to the cantina bar on Tatooine, or Dantooine. No one has had access to the stuff that Americans take for granted. And all you have to do is go to a birthday party to see it on display. You have every manner of food that you could imagine. Every manner of it. You got chicken, you got fajitas, you got pulled pork, you got briskets, you got hot dogs, you got hamburgers. Not only do you have hotdogs and hamburgers, there are 35,000 different ways to get hotdogs and hamburgers. If you’re kosher, you can get a kosher frank. If you’re not, you can get an Oscar Mayer frank. You want hamburgers, you can make them yourself. You can buy Bubba burgers already pre-frozen. You could go to your local deli. They may be stamping them out, nice little cubed out round portions and what have you. It’s just amazing the things you can get.
10 May 2013

Bernanke Continues To Build Up The Economy For A Crash

Mandeville, LA – Exclusive Transcript – That’s what’s so depressing about this. You want to look at this and believe that our almighty federal overlord magical economic masters have this under control and there’s not going to be a drop off, and that roller coaster climb will just continue ad infinitum, on into infinity, never stop. We all know where this is going to end. Check out today’s transcript for the rest…
09 May 2013

Social Security Is A Giant Ponzi Scheme – The Money’s Been Spent!

Mandeville, LA – Exclusive Transcript – If you need any more proof, as if you needed it, that Social Security is a Ponzi scheme, and that there is no trust fund, and that the trust fund was squandered and used in real time decades ago, here you go. It’s contained in the story. If the immigration bill the Gang of Eight is proposing is passed, it could provide a boost, says the story. It could provide a boost for Social Security. Check out today’s transcript for the rest…
14 December 2012

John Taylor of Caroline – Debts Are Unnecessary to a Free People

Mandeville, LA - Exclusive Transcript - What Taylor is saying is that you should only have a tariff because you have a couple duties that the general government has to discharge. You should only have the tariff so that you can raise money to do that. You should not use the tariff to enrich anyone. You should not use the tariff as a tool to try to guide commerce. Commerce will guide itself. The genius and the brilliance of John Taylor of Caroline in the founding generation is unequal. He got it; he got all of it. Check out the rest in today's transcript...
11 October 2012

How Free Markets Distribute Resources

Mandeville, LA - Exclusive Transcript - If the government is running the show, what the government will do, after it meets and thinks about it for six months, a year, two years, is it will order either the cessation of the manufacturing of the product, or it will order the recall of all those products that certain people are using so it can distribute it, in its infinite wisdom, to those that it thinks are more worthy of having it. In other words, they won’t actually deal with the problem because they can’t. In a marketplace, if compound X is necessary for manufacturing the product and you can’t get compound X, industry or the methodology of the market will either find a way to replace compound X or will redesign the product so that you don’t need compound X to make it anymore. It can allocate the resources in real time, as must be done in order to meet efficiency in the production of goods. This is boilerplate Austrian economic theory. Check out the rest in today's transcript...
10 October 2012

Roepke: Property Ownership Most Important in Capitalism

Mandeville, LA - Exclusive Transcript - There’s another great story at The Imaginative Conservative website about Wilhelm Roepke, the great Austrian economist and the kind of economics we ought to be talking about. We’re having this big, vainglorious discussion about the merits of Republican central economic planning versus the merits of Democrat central economic planning. They’re both central economic planners. As Governor Romney exhibited at VMI, yes, we’ll spread free trade and goodness and, I’m trying to remember how he put it, we will spread prosperity around the world through our military. Yes, when our military spends money, the world is happy. So this is military Keynesianism. We reject it in the form of stimulus and green cars and green amoeba fart plants and green solar panels and windmills and what have you, but when it comes in the form of military spending, that’s good. It’s still government spending. You still must do it within the confines of the Constitution and you must justify all of it. As I said, job one is the veterans. That’s not on the table, that’s job one. Check out the rest in today's transcript...
The EBT Song // Mike Church Show Band - Anthology
  1. The EBT Song // Mike Church Show Band - Anthology