Problems with Money | What Has Government Done to Our Money by Murray Rothbard

Today we will be talking about what government has done with our money. Or better yet, the book: What Has Government Done To Our Money by Murray Rothbard. And, the reason I want to talk about this today is because I think it gives us a good basis and a good understanding of how to understand money at the basic level and how that interact our government. We have a lot of problems with money, and I think this book can help us fix them.

I’m reading another book right now on Abraham Lincoln and why he may not have been such a great president, actually. The author brings up some good points about problems with nationalized banking and some of the other policies that the Whig Party, and then the Republican Party, took on that were very problematic and terrible ideas. We have this sense of money that is wildly incorrect, and that’s what I want to talk about today. You should read this book to straighten out your understanding of the concept of money. Plus, it’ll help elucidate the problems with money we face as a country.

Quote of the Week

"Few economic subjects are more tangled, more confused than money."

-Murray Rothbard

I think that's really what the crux of this whole issue is - that it's so confusing, so tangled. We don't know how to classify this asset, and yet we use it daily. We understand how to interact with it in so many ways at a personal level. But we don't necessarily, when it gets into the macro monetary policy, understand things like what the Federal Reserve doing. How does that all work? That's where it gets very confusing, very muddled, and it becomes very easy for people who are in power to utilize that confusion in their favor. And, I think they do that a lot. Grab your copy here to learn about what government did to our money>>

Problems With Money

I've talked about this problem in the past in another episode that through inflation and other monetary policies that we have, an oligarchy or an elite group of people get first access to the money, and therefore, have the most power in our economy.

And so, that's why I think it's such an important read: money is a huge means of control. If there are people who are able to get first access and priority access to the money supply, they can influence economies. Especially because we see a democratization happening right now with the GameStonk thing and everything going on in politics.

They're pushing back against this institutional money that has the advantage in the market because they're close to power. And they are the ones who are nestled up and get the first, access to loans and cash flow.

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What Has Government Done to Our Money Is a Must-read

Rothbard is such a clear thinker that it's very easy to follow his ideas, even if you knew nothing about money coming into this book. I think you will walk away understanding money and how money works much better. You'll understand how money is the same and how it might be different from other assets and other types of property or possessions.

Luckily, you don't have to be an economist to understand this book. In fact, it's incredibly well-written and simplified for the laymen. Instead of diving into all the mathematical proofs, Rothbard offers relatable, real-world examples to explain his ideas. So, if you'd like to dive deeper, grab your copy here.

212. Antitrust and Big Tech | Why Conservatives Should Tread Carefully - Conversation of Our Generation

I had the chance to sit down and speak with Ashley Baker, an expert in antitrust. We discussed antitrust and big tech, and how conservatives should fight back against tech. Ashley is the Policy Director for the Committee for Justice, Expert at the Regulatory Transparency Project, and works with the Alliance on Antitrust. So, she knows what she's talking about, and it shows. Dive into the conversation below to learn more about these issues and what Ashley recommends. What is Antitrust? Antitrust is basically a set of legal principles, laws, and precedents that inform us on how to handle anti-competition behaviors of companies. Big businesses may work with other organizations to undermine competition in the economic landscape, which is what antitrust seeks to prevent. Since businesses are built to beat their competition, they can hinder their competition's ability to succeed. However, they cannot work to destroy competition itself. And, that is where antitrust comes into play. There are many examples of antitrust violations we can point to, but the basics of antitrust is that we want to promote a competitive environment. Antitrust Laws and How They Relate to Big Tech You may be familiar with antitrust laws like the Federal Trade Commission Act, which gave us the FTC, or the Sherman Act. But, antitrust law is much more than a couple acts passed by Congress. In fact, much of what governs antitrust policy is precedent, and that's where conservatives have to be careful. If we are to regulate big tech companies through antitrust policy, we need to beware of how it'll effect other aspects of law. That's why I am so grateful to Ashley for coming on to discuss the antitrust efforts and big tech. She shows how antitrust cases inform our laws, and how we might apply that to Google, Facebook, Twitter, and Amazon. Antitrust and Big Tech We must do something about big tech need, but what? First we must understand a few things. Are big tech companies monopolies? Does big tech violate antitrust law in the United States? What can we do to regulate big tech? We'll find the answers to each of these questions in the particulars. There's no simple answer. Rather, the devil is in the details. How Conservatives Should Fight Back Against Big Tech Our politics leans towards slogans and partisanship, rather than real solutions. The answer to this problem won't fit neatly in a 10-point plan or some ideology. Instead, we have to grapple with the principles at play and the particulars of the situation. Through prudence, we can find a solution. Check out this episode: Antitrust and Big Tech | Why Conservatives Should Tread Carefully Subscribe to the Conversation of Our Generationersation of Our Generation Podcast here Check out the YouTube video here --- Send in a voice message: https://anchor.fm/conofourgen/message Support this podcast: https://anchor.fm/conofourgen/support
  1. 212. Antitrust and Big Tech | Why Conservatives Should Tread Carefully
  2. 211. Elitism and Prideful Disdain | A Nasty Story by Fyordor Dostoevsky
  3. 210. Political Action and the Call to "Do Something"
  4. 209. Breaking the Rules of Philosophy
  5. 208. Failures of Modernity and Rationality

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