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#65 - Libertarianism II: Economic Issues (w/ Bruce Nielson)

Mar 28, 2024
Bruce Nielson, an economic expert, discusses libertarian economic issues in this podcast. Topics include coercion, non-aggression principle, externalities, boycotts, irrational choices, and lack of information. The conversation delves into the distinctions between conservatives and libertarians, exploring the nuances of economic critiques within the libertarian view.
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INSIGHT

Libertarianism vs. Conservatism

  • Libertarianism's moral focus, particularly the Non-Aggression Principle, distinguishes it from fiscal conservatism.
  • Without this moral layer, it becomes primarily an economic discussion.
ANECDOTE

Porcupine Freedom Festival

  • At the Porcupine Freedom Festival, libertarians used gold for trade, finding it cumbersome.
  • They created a central gold deposit for tokens, unintentionally reinventing central banking.
INSIGHT

Irrational Choices

  • Automatic enrollment significantly increases pension plan participation compared to opt-in.
  • This challenges the action axiom of rational choice central to libertarian thought.
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