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Economist @BobMurphyEcon joins me in my latest episode to discuss cover value, free trade, private property, minimum wage laws, the business cycle, and more engrossing matters.
@BobMurphyEcon is a Mises Institute Senior Fellow, the host of “The Bob Murphy Show”, and an author.pic.twitter.com/CTuYw0fQYy
Watch the full episode here: https://youtu.be/_OtZ49i-yyk Recorded 05/19/21.
I'm quite interested in watching this when I get the time. For now I will offer my own thoughts on property. I think Henry George had it right. The right to exclude others from mother nature should be earned through payment rather than conquest; a tax on land value.
An open market is fairly efficient at doing this. The key is opportunity costs. Those who make economically inefficient use of land(and other resources) miss out on the rents they would otherwise yield. This leads resources to be used in ways that reflect their most valued use.
@ancisneros lo que le dije hace tiempo
Recuérdame lo que dijiste José Daniel por favor
There is no better representative of the Austrian School than @BobMurphyEcon. I can't wait to listen to this.
ooohh yess
We appreciate you having the great @BobMurphyEcon on. He is one of the most qualified figures to teach this subject!
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