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Tim and Ande get into a discussion on international trade and tariffs. Since taking office, Donald Trump has convinced enough people that free trade is actually a net-negative for America. Unfortunately, this line of thinking goes against history, economics, and basic logic.

Frederic Bastiat wrote an interesting sophism back in the 1800s called “A Petition” in which he demanded that lawmakers force French residents to close their blinds to block out the sun. You see, the sun has an unfair advantage over candlemakers. The government should DO something about it!

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Meet the hosts

I am the CEO of Preuss Media LLC as well as a 20-something political commentator, blogger, talker, musician, bookworm, and weight lifter. Although lacking a formal college degree (something I boast about), my strange brain contains a wealth of knowledge of economics, political science, and philosophy.

discussions

  • Hey everybody,   I love logic, I love debating and I love liberty. That’s why like probably many of you I get involved in discussions at every party. I’m interested in your opionion on the following question: How do you handle incorrect arguments of your opponents? I’m a type of guy I appreciate if someone directly points out my fallacies. But usually you can’t say: “Excuse me, you are using a straw man against me. Start again please 🙂 …” Is there a way of using your logic knowledge without being arrogant? Or are the people not able to distinguish proper arguments from politician’s speech?   Thanks for helping me out 🙂   Raphael

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  • When you read another individual’s claim/statement, what Language do you use for the thinking for the processing of the claim?  OR What Language do you “think in” when you read, speak, or write?

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  • Does this list have anything else that could be added to it? The goal is to have a checklist that could be used to check any article on the topic. I would guess most people on this site are aware that arbitrarily raising the cost of labor isn’t the best way to help workers.

    Jump to Discussion Post 2 replies
  • The “Tax Honesty” movement has demonstrated a few things to a lot of people.  To cover a lot with a few words, I’ll put it this way:  The IRS breaks its own rules in order to rob us through deceit. Some people (Irwin Schiff, for example) have suffered because they attempted to protect themselves from the rule-breakers.  There is now a theory popular among liberty-minded people that the government is too corrupt and powerful for anyone to succeed in an effort like Irwin Schiff’s.  There is also some good evidence showing this theory to be wrong.  It’s available at Peter Hendrickson’s website, losthorizons.com. I think that a lot of bureaucrats feel and believe that they are helping society.  This leaves them open to consider fixing situations in which their bureaucracy is breaking its own rules.  And let’s face it, there are some rules that can actually help liberty.  Perhaps the loads of evidence that Hendrickson has on his site can be explained by the presence of such “good-hearted” individuals in the bowels of the IRS. In any case, if you can, please entertain the possibility that the US Income Tax is not being administered honestly.  Consider that maybe, just maybe, in the gargantuan tangle of words called “Title 26,” the legal meaning of the law as it applies to most people is not coercive at all.  Maybe, if it were properly applied, the government would be a nuisance like neighbors who let their dogs poop on your lawn, instead of a nuisance like cancer in your lungs.  It could be true.  I think it is true, and I think that failing to follow all the twists and turns that Hendrickson uncovered to see for yourself that it is true kind of justifies you still being enslaved to a government that steals from you in order to cause havoc all over the planet in a massive deception that justifies its existence. If we want to honor the goodness in all people, including those who have been tricked into serving evil, we can do so by understanding the rules they think they should be following, and using them to protect ourselves from enslavement.

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  • Hello, I’ve become quite keen on Jeffrey Rogers Hummel views on inflation. https://fee.org/articles/governments-diminishing-benefits-from-inflation/ That governments don’t get as much cash money as they used to from Seigniorage(money printing)…becuase of some details of the modern banking system. Hummels view is that the US Gov is more likely to actually default on it’s bonds than print it’s way out of it’s financial problems as so many of us libertairans often predict. Any way…. how are people actually calculating the revenue states are getting from seigniorage? There is constant mention to specific statistics in his works on what revenue governments make from printing money…but how are economists attempting to calculate this so exactly? “Almost none of the developed countries could boast seigniorage amounting to more than 1 percent of GDP, despite the fact that the study incorporated the inflationary years of the 1970s. Joseph H. Haslag’s smaller sample of 67 countries over a longer period, 1965 to 1994, finds that seigniorage averaged about 2 percent of total output for the entire sample, ranging from as low as 0.25 percent to as high as 9.98 percent (for Ghana).” However, I’m not smart enough to figure out how this is being calculated? When I Google — I see Seignoarge defined as the cost to money vs what the money is worth. (if it costs 1cent to print a dollar bill than Seigorage is 99cents). Pennies have negative seigniorage — cost the Gov more to mint than 1 cent.) But for the point Hummel is making it seems like a more sophisticated calculation? How did people figure out that for example in WW2 seignorage was 6%? Perhaps this is rather obvious? Thanks! –Luke

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