… Keynes ignored the various stages of production; ignored changes in capital value and neglected the identity between entrepreneurs and capitalists; took replacement of the capital structure for granted; neglected price differentials in the stages of production as the source of interest; and did not realize that, ultimately, the question faced by businessmen is not whether to invest in consumer goods or capital goods, but whether to invest in capital goods that will yield consumer goods at a nearer or later date.
Murray N. Rothbard
America’s Great Depression, p. 37n1
0:00 – Murray Rothbard quote
1:46 – Did deregulation cause the 2008 crisis?
6:30 – Deregulation Myth Debunked once and for all: https://www.youtube.com/watch?v=n0hXaZDgucw
12:34 – Do ‘public goods’ justify a state?
Chaos Theory by Bob Murphy: https://mises.org/library/chaos-theory
20:33 – Why do libertarians ALWAYS say government is the problem and the market is ALWAYS the solution?
24:51 – Libertarian issue with the police force
25:50 – What is ‘the State’ or ‘the Government’? – https://youtu.be/gmVpzz2f6kg
27:58 – The 5 Points of Keynesianism – Summary
Jonathan Gruber: https://www.snopes.com/fact-check/obfuscatedcare/
51:49 – Do externalities justify the state?
59:00 – Babysitting Co-Op: Krugman’s ultimate real world justification for Keynesianism
1:08:00 – The Ultimate Zombie – Tax cuts create wealth
1:14:09 – Why not tax at 100%?