Archive for the “Economic Fallacies” category

Gold is NOT a Fiat Currency

October 8, 2008

Some libertarians are prone to argue, against the so-called “gold bugs” that gold is essentially a fiat currency. Reiterating the common accusation, Tony proposes that, “Gold has value for the same reason a dollar isn’t a mere piece of ink-stained paper: someone else values it,” and continuing: “During a famine, would you accept gold for [...]

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Posted in: Economic Fallacies, gold bugging | 3 Comments

Privatizing Social Security, in Light of TEH BAILOUT

October 7, 2008

Radley Balko responds to those who want to use the current financial meltdown as an argument against the privatization social security which constitutes a good portion of workers’ retirement accounts. For the unititiated, these “accounts” are now largely controlled and owned by the government under the fragile ponzi-scheme known as Social Security. Privatization, writes [...]

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Posted in: Agora!, American Politics, Blog Reactions, Economic Fallacies, Economics Lessons | Be the First to Comment

Comments on Comments # 24

September 9, 2008

I’ve had some problems lately with WordPress. The WYSIWYG editor disappeared. Some people on forums say it has to do with a problem with the TinyMCE or wp_includes file, and may be related to a version update. I never messed with any of these. I’m not sure how my version of WP [...]

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Posted in: Anarchy!, Blog Reactions, Economic Fallacies, Economics Lessons, Left Libertarian, Property Rights, gold bugging, metablogging | Be the First to Comment

Manufacturing Broken Windows, One Tank at a Time

June 19, 2008

A peculiar sort of tragedy of the commons is the not in my backyard argument, used to forestall or prevent certain “undesirable” developments (like airports, Wal-Marts, nuclear reactors, or oil derricks). On the one hand, the tragedy of commons asserts that when property rights are not clearly defined, the property in question will be [...]

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Posted in: Economic Fallacies, Government is Slavery, Warfare State, localized | Be the First to Comment