(continued) Furthermore, they're not against the banks...only the Fed, central banking. That's because, once again, it has a government-granted monopoly. Violence is used against you if you wish to offer people an alternative currency due to legal tender laws, and nobody else is in charge of money supply because the state prevents competition in money. Secondly, central banks have been tended to be the engine of inflation.
No, it's not odd to see a monopoly as that because that is by definition, what a monopoly is. A monopoly is not a single firm, unless you look at it through the neo-classical view, in which case a natural monopoly still is not a normal monopoly because it still behaves as if there could be competition at any moment( because there can be once profits get high enough). As for the Fed, yes it was granted by the state. Bankers wrote up the proposal....but it was given the go-ahead by Congress.
Exactly when did Microsoft have a monopoly, and when did it end? My first computer was an original Mac 128K. I went PC when Mac failed to provide what I could get on a PC using the Win OS. I've tried Mac OS X and Linux (Ubuntu) since then. Currently using Vista x64 Ultimate. It's great. But for a certain uses, I might recommend to a friend or family member that they use a Linux or Mac OS computer. It depends.
@swu880 It isn't a comment on his knowledge...it's a comment on his presentation. I find these types of lectures to be less enjoyable when the speaker is constantly quoting other people. No need to take it personal...It wasn't meant to be insulting. In fact, as I said, I found the talk to be very informative....as we say in Québec "on se calme le bacon" ("Let's relax the bacon"...roughly meaning "chill out")
There is a big difference. The supposed "monopolies" he is talking about arise from added value and economy. As soon as they deviate from that, they can be taken down as a course of natural market forces. The FEDs existance does not depend on the value it provides or it's success or failure. It is enforced at the point of a gun. IBM doesn't force you to buy it's products. The government does...
It's actually a VERY old soviet joke. Three workers in jail. The first one came too early to work, accused of spying. The second one came too late, accused of sabotage. The third one came always on time, accused of possesing a foreign watch
The speaker is obviously very knowledgeable on the subject. I managed to learn a lot about the Austrian view on competition.That being said, I wish he did a little less quoting. I though it was a little excessive.
Not really. Actually, Thomas DiLorenzo has another vid discussing how he himself had done research on the subject and showed the "monopolistic" companies in the past were punished even though the prices of goods from those industries were falling faster than the price level and the people that wanted anti-trust were people that wanted tariffs(and high prices brought by them) and small competitors that couldn't compete with lower prices. :-)
Some people may argue that Microsoft has a monopoly through IP. However, I too feel that Microsoft has no monopoly and people choose to buy their products voluntarily, I chose Linux.
Orwellian Canadians? From the people that brought you the war on drugs, the patriot act and warrantless email searches under the ECPA. ...What a guy... But you do gots da bacon. No one can take that away from you.
Yea no kidding. I own a vista laptop, win 2000 for making music, and two linux boxes. It's funny and sad when the majority that don't know jack about computers complain that the guys selling the simple solution that comes with the computers are somehow being monopolistic...
Well, we do have an excuse. America is merely emulating that from which both our countries spring: The British Empire. What can we say? Looks like we're in the same dinghy, the HMS "Colony". haha We both learned from (arguably) the masters of deception and subterfuge. Both Canada and the US were sprung from England's lecherous loins. I don't think either of us have a leg to stand on. lol Don'ts fucks wits the Crown. Nom sayin? Who're we kidding? The US is STILL a colony and we're serfs. HAH
people from the Mises Institute are NOT in favor of monopoly.... I don't know where you get that from. I guess you haven't really paid attention to their vids/audio or read articles on monopoly. A single firm in an area is not a monopoly. A monopoly is a firm that has a government-granted charter/contract and the government FORBIDS competition by using force. By seeing this, you can see why many of them are against the state...it uses force and forbids competition.
The Fed was not set up by the state? You fail history. Yeah, bankers came up with the idea, but it could only exist through a charter granted by Congress, & it can only be ended by Congress, not by, say, a universal boycott by US citizens. What's to boycott? Federal Reserve Notes? Wouldn't accomplish anything. A monopoly CAN happen when a co. is really good, but how can it continue indefinitely? If they start raising prices too high, competition will begin to thrive again.
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
The point is that when the state grants the monopoly, it uses force to forbid competition. That is a significant difference.
Thanks for uploading this video. I really enjoy these lectures, their entertaining and you learn a lot.
It took a few minutes for DiLorenzo to warm up, but then he got going. Another winner.
(continued)
Furthermore, they're not against the banks...only the Fed, central banking. That's because, once again, it has a government-granted monopoly. Violence is used against you if you wish to offer people an alternative currency due to legal tender laws, and nobody else is in charge of money supply because the state prevents competition in money. Secondly, central banks have been tended to be the engine of inflation.
No, it's not odd to see a monopoly as that because that is by definition, what a monopoly is. A monopoly is not a single firm, unless you look at it through the neo-classical view, in which case a natural monopoly still is not a normal monopoly because it still behaves as if there could be competition at any moment( because there can be once profits get high enough).
As for the Fed, yes it was granted by the state. Bankers wrote up the proposal....but it was given the go-ahead by Congress.
HEY, that's the guy who bashes Lincoln.
He is my hero.
with his famous "never waste a good crisis" (to expand government even more)
Exactly when did Microsoft have a monopoly, and when did it end? My first computer was an original Mac 128K. I went PC when Mac failed to provide what I could get on a PC using the Win OS. I've tried Mac OS X and Linux (Ubuntu) since then. Currently using Vista x64 Ultimate. It's great. But for a certain uses, I might recommend to a friend or family member that they use a Linux or Mac OS computer. It depends.
@swu880
It isn't a comment on his knowledge...it's a comment on his presentation. I find these types of lectures to be less enjoyable when the speaker is constantly quoting other people. No need to take it personal...It wasn't meant to be insulting. In fact, as I said, I found the talk to be very informative....as we say in Québec "on se calme le bacon" ("Let's relax the bacon"...roughly meaning "chill out")
There is a big difference. The supposed "monopolies" he is talking about arise from added value and economy. As soon as they deviate from that, they can be taken down as a course of natural market forces. The FEDs existance does not depend on the value it provides or it's success or failure. It is enforced at the point of a gun. IBM doesn't force you to buy it's products. The government does...
It's actually a VERY old soviet joke.
Three workers in jail.
The first one came too early to work, accused of spying. The second one came too late, accused of sabotage. The third one came always on time, accused of possesing a foreign watch
Hm, Learned Hand wasn't a Supreme Court judge, only a very influential Court of Appeals judge.
The speaker is obviously very knowledgeable on the subject. I managed to learn a lot about the Austrian view on competition.That being said, I wish he did a little less quoting. I though it was a little excessive.
Not really. Actually, Thomas DiLorenzo has another vid discussing how he himself had done research on the subject and showed the "monopolistic" companies in the past were punished even though the prices of goods from those industries were falling faster than the price level and the people that wanted anti-trust were people that wanted tariffs(and high prices brought by them) and small competitors that couldn't compete with lower prices.
:-)
and Rahm Emmanuel is a freedom-loving peacenik.
"probably falsely"
I would not misunderestimate him.
i don't know. but the story about a man who was 25 years in jail for dropping the
portrait of Comrade Stalin at some demonstration seems to be true.
Some people may argue that Microsoft has a monopoly through IP. However, I too feel that Microsoft has no monopoly and people choose to buy their products voluntarily, I chose Linux.
Orwellian Canadians? From the people that brought you the war on drugs, the patriot act and warrantless email searches under the ECPA.
...What a guy... But you do gots da bacon. No one can take that away from you.
You didn't get it. In a free market there are no monopolies.
Yea no kidding. I own a vista laptop, win 2000 for making music, and two linux boxes. It's funny and sad when the majority that don't know jack about computers complain that the guys selling the simple solution that comes with the computers are somehow being monopolistic...
@kotash2
you forgot Obama has a nobel prize too
Well, we do have an excuse. America is merely emulating that from which both our countries spring:
The British Empire.
What can we say? Looks like we're in the same dinghy, the HMS "Colony". haha
We both learned from (arguably) the masters of deception and subterfuge.
Both Canada and the US were sprung from England's lecherous loins. I don't think either of us have a leg to stand on. lol
Don'ts fucks wits the Crown. Nom sayin? Who're we kidding? The US is STILL a colony and we're serfs. HAH
It's entrepreneur
people from the Mises Institute are NOT in favor of monopoly....
I don't know where you get that from. I guess you haven't really paid attention to their vids/audio or read articles on monopoly.
A single firm in an area is not a monopoly. A monopoly is a firm that has a government-granted charter/contract and the government FORBIDS competition by using force. By seeing this, you can see why many of them are against the state...it uses force and forbids competition.
The Fed was not set up by the state? You fail history. Yeah, bankers came up with the idea, but it could only exist through a charter granted by Congress, & it can only be ended by Congress, not by, say, a universal boycott by US citizens. What's to boycott? Federal Reserve Notes? Wouldn't accomplish anything.
A monopoly CAN happen when a co. is really good, but how can it continue indefinitely? If they start raising prices too high, competition will begin to thrive again.