Podcast appearances and mentions of Leonard E Read

Hayek sýndi okkur fram á að upplýsingar í samfélaginu eru alltaf dreifðar – enginn einstaklingur eða stofnun býr yfir allri þeirri þekkingu sem þarf til að taka réttar ákvarðanir í efnahagsmálum. Þekkingin sem einstaklingar búa yfir er oft takmörkuð, brotakennd og jafnvel mótsagnakennd, en samanlagt er þessi dreifða þekking undirstaða skynsamlegra ákvarðana í gegnum frjálst samspil markaðarins. Markaðurinn virkar sem upplýsingakerfi - tryggir flæði upplýsinga. Verð á vöru og þjónustu er uppspretta upplýsinga um skort, eftirspurn og framboð án þess að nokkur hafi heildaryfirsýn. Smásagan Ég blýanturinn eða "I, Pencil", eftir Leonard E. Read, er einföld en áhrifamikil lýsing á undirstöðum frjáls markaðar og mátt dreifðrar þekkingar. Smásagan kom út árið 1958 og af blýanti og útskýrt hið flókna samspil margra án þess að hver og einn hafi heildarskilning eða yfirsýn yfir það sem þarf til að framleiða jafn einfaldan hlut eins og blýant. Ferlið er þó svo flókið að enginn býr yfir nægjanlegri þekkingu, hæfileikum eða aðföngum til að búa til jafn einfaldan og hversdagslegan hlut. Saga blýantsins kennir okkur að virða ósýnilegan en nauðsynlegan vef samstarfs sem hefur gert samfélögum að sækja fra. Ég hvet ykkur til að horfa á nokkurra mínútna myndband sem byggir á smásögunni. Slóðin er hér: https://www.youtube.com/watch?v=IYO3tOqDISE

You may not have noticed but it's an election year. Adam De Gree explores the question, what are presidential elections about? Much of the current chaos we're witnessing can be traced back to a single turning point. Jeffrey A. Tucker explains how that turning point was the pandemic response. The more information that comes out regarding Trump's miraculous survival of last weekend's assassination attempt, the more it becomes clear: Law enforcement was either incompetent or complicit. The growing divisions all around us are proving something about human nature. As Paul Rosenberg puts it, it's easy to say "love one another" but putting it into practice is much harder to do. Article of the Day: If you haven't discovered the writings of Leonard E. Read, you are missing out on a gold mine of wisdom. Gary M. Galles expounds on one of Read's ideas: Selecting politicians by lots rather than voting for them. Sponsors: Life Saving Food  Fifty Two Seven Alliance Iron Sight Brewing Co. Quilt & Sew

As miserable as the rising costs associated with inflation may be, the greater danger is that government will step in and enforce price controls. Vincent Geloso spells out how 40 centuries of evidence demonstrate that price controls don't fight inflation. This may be a touchy subject but it perfectly illustrates the contempt that the U.S. government has for freedom of the press. Ted Carpenter shares what happened when Tucker Carlson tried to interview Putin and was thwarted by our government. In a related story, if you want to better understand the depth of the U.S. government's need to control the narrative regarding Russia, check out Caitlin Johnstone's latest take on American state propaganda. The more I read Jeffrey Einstein's writing, the more I'm convinced that this is a guy who gets it. His essay on Better Safe But Sorry is right on target. Article of the Day: Don't underestimate the power of your influence to bring light to where it's most needed. Dan Sanchez recounts the life and influence of Leonard E. Read and how he used a simple candle to illustrate the power of the individual. Sponsors: Monticello College Life Saving Food  TMCP Nation Climbing Upward Quilt & Sew

This may not strike an heroic chord with some folks but the Utah doctor who helped parents to free their kids from vax mandates is a stand up guy. Jordan Schachtel explains why the feds are wrong to be prosecuting him. Like it or not, your leadership is sorely needed right now. Dan Sanchez spells out the 3 levels of leadership that Leonard E. Read identified and how each of them impacts the people around you. It's not name-calling to note that a great many people were brainwashed into accepting medical tyranny. Jessica Marie Baumgartner has a great take on forgiving the medically brainwashed in the post-covid era. A Pfizer exec caught on video discussing the company's interest in mutating the virus to keep the vaccine cash cow alive should be pretty big news, right? So why aren't corporate media outlets talking about this? Speaking of cash cows, the U.S. military industrial complex is starting to look like the enormous grift that it is. The Z-man has some unpopular truths to share about a great boondoggle that's been around for most of our lifetimes. Sponsors: Monticello College Life Saving Food  Bereli

This may not strike an heroic chord with some folks but the Utah doctor who helped parents to free their kids from vax mandates is a stand up guy. Jordan Schachtel explains why the feds are wrong to be prosecuting him. Like it or not, your leadership is sorely needed right now. Dan Sanchez spells out the 3 levels of leadership that Leonard E. Read identified and how each of them impacts the people around you. It's not name-calling to note that a great many people were brainwashed into accepting medical tyranny. Jessica Marie Baumgartner has a great take on forgiving the medically brainwashed in the post-covid era. A Pfizer exec caught on video discussing the company's interest in mutating the virus to keep the vaccine cash cow alive should be pretty big news, right? So why aren't corporate media outlets talking about this? Speaking of cash cows, the U.S. military industrial complex is starting to look like the enormous grift that it is. The Z-man has some unpopular truths to share about a great boondoggle that's been around for most of our lifetimes. Sponsors: Monticello College Life Saving Food Bereli --- Support this podcast: https://anchor.fm/loving-liberty/support

El anarcocapitalismo, también llamado capitalismo libertario o anarquía de propiedad privada, es una de las madrigueras a las que te lleva de visita Bitcoin. A la seductora idea de vivir sin estado llegué de la mano del cypherpunk Timothy C. May y su Manifiesto Cripto Anarquista de 1988. En el podcast de hoy le pido al profesor Miguel Anxo Bastos que me ayude a comprender las bases del anarcocapitalismo para poder valorar así, si la cripto anarquía de Internet + Bitcoin vaticinada por May es el primer ejemplo de sociedad anarcocapitalista funcional. En el podcast tratamos: las bases del Anarcocapitalismo por qué abandonar el Estado las connotaciones negativas de la Anarquía relaciones anárquicas de nuestra sociedad el Bimetalismo del SXXI el hack a Hacienda y la cripto anarquía de Tim May LINKS: Artículos del Prof. Bastos en el Instituto Juan de Mariana: https://juandemariana.org/author/mabastos/ Escúchame en Fountain aquí https://bit.ly/Fountain_Lunaticoin Más información en mi BLOG https://bit.ly/LunaticoinBLOG Twitter: https://twitter.com/lunaticoin Contenido adicional en mi Patreon https://bit.ly/Patreon_Luna Mención especial a los sponsors de este podcast: Compra bitcoin sin KYC en HodlHodl: https://bit.ly/hodlhodl-luna Cómo comprar en HodlHodl: https://bit.ly/ComoComprarHodlHodl Infórmate sobre Minería en Braiins: https://bit.ly/Braiins_Luna Vive con cripto en Bitrefill: https://bit.ly/Bitrefill_Luna Toma prestado con bitcoin en http://bit.ly/Lend_Lunaticoin REFERENICAS BIBLIOGRÁFICAS: ·

A reading of the excellent essay "I, Pencil" written by Leonard E. Read in 1958. All credit to the author. The text can be downloaded and read at the following link: https://fee.org/resources/i-pencil/ Let me know if you enjoyed today's episode! --- Send in a voice message: https://anchor.fm/with-ross/message Support this podcast: https://anchor.fm/with-ross/support

What impact did Leonard Read, the founder of the Foundation for Economic Education, have on the libertarian movement? Join FFF president Jacob G. Hornberger and Citadel professor Richard M. Ebeling as they examine the life of this libertarian luminary. Please subscribe to our email newsletter FFF Daily here.

Armed with a smorgasbord of booze, Jonah reunites with Rep. Mike Gallagher for another half-baked extravaganza, in which the duo's efforts to annex Greenland may finally come to fruition. Trap doors beneath escalators, dad-centric dating apps, and various bovine innovations are among the undercooked ideas proposed for your listening enjoyment, as well as a few novel solutions for the domestic crises sweeping our nation. Tune in also for excessive pop culture discussion, ruminations on the existence of extraterrestrials, and a possible new name for the Remnant. Show Notes:- Jonah and Rep. Mike's previous career-ruining encounter- Leonard E. Read's “I, Pencil”- Fully baked- Jonathan Haidt: “Facebook's Dangerous Experiment on Teen Girls”- Yuval Levin on why we're still governed by baby boomers- Jonah on capes- Don't F- with Cats: Hunting an Internet Killer- Tupac's hologram- Is Al Gore an alien?- The David Weigel suspension- Yuval Levin: “The Changing Face of Social Breakdown”- Jonah: “I Think We're Turning Japanese”- Geoffrey Household's Rogue Male

These were my favorite passages from a book about gratitude. I really enjoyed this book. “Gratitude has a lot to do with holding on to a moment as strongly as possible,” Scott told me. “It's closely related to mindfulness and savoring. Gratitude can shift our perception of time and slow it down. It can make our life's petty annoyances dissolve away, at least for a moment.” "The point is, it's hard to be grateful if we're speeding through life, focusing on what's next, as I tend to do. We need to be aware of what's in front of us. We need to stop and smell the roses, along with the graham crackers and soil and leather. So today, while sipping coffee with Ed, I tried to practice what psychologists call savoring meditation. I let the coffee sit on my tongue for twenty seconds, which may not sound like a long time, but I don't want to keep Ed waiting. (And twenty seconds can be powerful if you really make each second count. Quality over quantity, right?) I focused on the viscosity of the liquid, the acidity, the bitterness . . . Was that apricot? I still couldn't taste the distinct flavors, but I could see a way to unraveling the threads." "In our society, we fetishize the lead singers. And not just in music. The front people in every field—art, engineering, sports, food—get way too much attention. The cult of celebrity has spread into every corner. We overemphasize individual achievement when, in fact, almost everything good in the world is the result of teamwork. Consider the polio vaccine, which qualifies as a very good thing. According to the book Give and Take, by psychologist Adam Grant, Jonas Salk took all the glory for inventing the polio vaccine. He was on the cover of Time; he became the household name. But the truth of the vaccine's invention is more nuanced. Salk was part of a team at the University of Pittsburgh." "But its long-term consequences might be even worse. By elevating individual achievement over cooperation, we're creating a glut of wannabe superstars who don't have time for collaboration." "Yes, I missed the train today, but what about all the times I got to the subway platform just as the doors were opening, allowing me to slip into the car while suppressing a smug smile? The reality is, I'm not unlucky with subways—it just seems that way because the enraging experiences are the ones that stick in my memory. It's the same distorted way that I process feedback. If I get one hundred compliments and one insult, what do I remember? The insult." "I recently read an article about the poet Robert Bly, who said that when he was a kid and skinned his knee, his mother would say, “Just be thankful that you didn't break your leg.” He found it annoying at the time, which is understandable. But he now sees its perverse wisdom." "In short, I learn that, as with almost everything I take for granted, humans have put an astounding amount of thought and care into creating this unassuming piece of plastic." “It's been a wild ride,” Colleen says. She tells me about the time she was watching TV and saw a car commercial and, to her surprise, the driver was using a Java Jacket. It was their first national exposure. “You know that feeling you get when you have a crush on someone, that little giddy feeling? That's what I felt.” A few years later, the Java Jacket got an even bigger honor. It was featured in a Museum of Modern Art exhibit called “Humble Masterpieces,” where it was displayed alongside an aspirin tablet and LEGO bricks. Colleen calls the experience surreal. “I remember going to New York and it was kind of overwhelming,” says Colleen. “I went to MoMA—the actual MoMA!—and there was our Java Jacket in a glass case. I remember I didn't stay in the room long, because I wanted to see the Picassos and Monets.” Before I hang up, I ask Colleen to be honest. “Are you grateful I called, or was it more of a pain in your neck?” “No, I'm happy you called. It reminded me how lucky I am. I really feel I won the lottery. I mean, I wouldn't want everyone who uses the Java Jacket to call, since I might not get any work done. But I'm happy you called.” "When I ponder the number of gratitude recipients involved, I start to get dizzy. There are the folks at the paper factory where the cardboard is made. The lumberjacks who cut down the trees for the wood pulp to make the cardboard. The metalworkers who manufacture the chainsaws the lumberjacks use. The miners who dig up the iron that is turned into the steel for the chainsaws." "Over dinner with Julie and the kids, I tell them I'm feeling snowed under. “I seriously think I might have to thank every single human on earth,” I say. Julie looks skeptical. She points to the People magazine lying nearby on the radiator. “What about her? How did Beyoncé help make your coffee?” I pause for a minute, and then I come up with an answer. With enough research, I explain, I could probably get to Beyoncé. Maybe one of the engineers who made the plastic lining for my coffee cup listened to Beyoncé songs to motivate her while studying for her chemistry final. Maybe the guy who drove the warehouse truck blasted Beyoncé to stay alert. “That's kind of a stretch, don't you think?” Julie says. “Yes and no,” I say. We are all so interconnected; it's hard to know where to draw the line." "On the bad side, • Coffee can wreak havoc on the environment. A group called ClimatePath estimates that one pound of coffee—growing, packaging, shipping, etc.—creates five pounds of carbon dioxide. And that's not to mention the billions of discarded plastic coffee lids floating in the Pacific. Or how coffee plantations are wiping out forests in Central America. • Coffee is the stimulant of choice by employers who want to overwork their laborers for an unhealthy number of hours. • Coffee farming has led to vast wealth imbalances, with a lucky handful making fortunes as millions remain mired in poverty. Again, to quote Uncommon Grounds, coffee has “led to the oppression and land dispossession of indigenous peoples, the abandoning of subsistence agriculture in favor of exports [and] overreliance on foreign markets.” "So where to import the water from? The Catskills seemed the perfect solution: The region had lots of rain, the altitude was high enough that gravity could help with delivery, and the residents didn't have the political power to oppose such a project. And just as important, the water was “soft,” meaning it was low in calcium, the troublesome mineral that clogs up pipes. Its low calcium is also why New York water tastes clean, not metallic. “It's one of the reasons why New York bagels and New York pizza taste so good,” says Adam." "This is a huge theme I need to remember as part of Project Gratitude: My comfort often comes at the expense of others. I benefit daily from the disruption to this community. I need to be more grateful for these sacrifices." “I love New York water,” Kirsten says. “I went to Philadelphia, and I couldn't drink the water there. It tasted like cucumber to me.”  "But one strategy I've found useful is the memento mori, the reminder of death." "My thoughts on this crystallized a few days ago when my friend sent me an essay called “I, Pencil,” which was written in 1957 by a libertarian scholar named Leonard E. Read. When I started to read the essay, I was alarmed by how similar it was to my coffee project—minus the gratitude and caffeine. Written in the first person from the point of view of the pencil, the essay details the work of the many people and raw materials that go into making a pencil. The cedar trees for the wood. The rubber for the eraser. “Think of all the thousands and thousands of skills . . . the mining of ore, the making of steel and its refinement into saws, axes, motors; the logging camps with their beds and mess halls.” "The threat of carbon monoxide is always on their minds. “Every morning,” Pat says, “you have to pay attention to where the wind is blowing, so you know where to go if there's a leak.” I notice that the two PR people in the room have smiles that are looking increasingly strained. Almost like they've gotten a whiff of sulfur themselves. Later, the PR folks will stress to me that they take every precaution that they can. It's a fair point. Steel is much less dangerous than it used to be decades ago, when mangled body parts and fatal injuries were common (Larry's grandfather died from getting caught in some steel machinery). Injuries at the plant have declined 94 percent in the last thirty years. Better training and omnipresent signs have probably helped. Everywhere you look you see warnings: HIGH VOLTAGE. TIPOVER HAZARD. STOP, LOOK AND LISTEN. TAKE 2, THINK IT THROUGH. There's even a crumpled red van left by the railroad tracks as a cautionary reminder; the van was totaled by an oncoming train. I ask Shannon, Joe, and Pat what they like best about their job. “I'm not sorry I stayed here,” says Joe, who had considered leaving to work in the aircraft industry. “It paid for two kids to go through college, and a house and a car and everything else.” "Next, Ed and I board a cozy, knees-to-the-chin propeller plane and land in a small city called Neiva. We climb into a van for a four-hour ride to an even smaller town called Pitalito. It's a town, Ed tells me, that is known for two stimulant crops. Coffee is the legal one. After which we get in the back of a pickup truck for a ninety-minute drive up a mountain to the coffee farm. We're joined by a woman named Lorena, who lives in Colombia and works for the import company. It's a beautiful ride . . . and highly uncomfortable. We jounce along the rock-strewn road, occasionally letting out involuntary “oofs.” We grab the side of the truck as it hugs tight curves overlooking cliffs. I spot the driver doing something with his right hand that I really wish I hadn't seen: the sign of the cross." "Let me pause here for a moment to state the obvious: I am lucky. That was the thought going through my mind as I took the bucket's strap off my shoulders. I'd just picked coffee beans for ten minutes as research for a book. I didn't pick coffee beans because I had no other job options and needed to earn money to feed my family, which is the situation of thousands of migrant workers. I picked coffee by choice, not necessity. And how did I arrive at the luxury of having this choice? Well, mostly luck." "The real world is no doubt a combination of luck and skill, but I lean strongly toward Ecclesiastes. If I had to put numbers to it, 20 percent of my fate has been determined by hard work and persistence, and 80 percent has been cosmic Powerball." "Luck determined that I was born in the developed world. Luck determined that I was the son of parents who could afford to send me to an expensive college. Luck determined my genetic makeup. And my career? It's been filled with random breaks. At age twenty-three, I was getting ready to give up on writing and apply to psychology grad school when I sent off a Hail Mary letter addressed only to “Agent at ICM.” It somehow got out of the slush pile and landed on the desk of an Elvis-loving literary agent. He thought my idea for an Elvis-themed book might work. If he'd been a Springsteen fan instead, I might be teaching psychology at a small college." "I'm not dismissing the need for effort and persistence. Those who worked their way up from the bottom, who didn't have the advantages I had, need effort and persistence even more than I did. I also acknowledge that, to a certain extent, you make your own luck and create your own opportunities. But only to a certain extent. You also need pure luck. As Barack Obama said in a postpresidential interview with David Letterman, “I worked hard and I've got some talent, but there are a lot of hardworking, talented people out there. There was an element of chance to it, this element of serendipity.” I agree with our former president. There are millions of hardworking, persistent people around the world living below the poverty line. I believe there are thousands of could-have-been Meryl Streeps working as waitresses because they didn't get the lucky breaks. There are thousands of alternative-universe Steve Jobs working on assembly lines in factories. Here's why I'm a fan of thanking our lucky stars every day: it helps with forgiving yourself your failures; it cuts down on celebrity worship and boosts humility; and, perhaps most important, it makes us more compassionate." "By thanking Chung's parents, I've broken a thousand thanks . . . more or less. Could be 987, could be 1,015, but I'm counting it as the thousandth, since it seems tidy. Chung texts back a series of emojis and exclamation points. “Please tell Zane thank you. And thank you to you both for making me think more about all that I should be grateful for in my life.” She says she's thankful for the sacrifices her parents made as immigrants. She says that after our talk, she's realized gratitude is a discipline that needs to be practiced. It doesn't always come naturally, even to glass-half-full types like her."        

Profiles in Liberty podcast host Caleb Franz joins me for another edition of History in Action. He explains how misinformation and calls for censorship are nothing new in US history. My friend Keith Kelsch is doing amazing work in Southern Utah to build community systems that are voluntary rather than politicized. You may want to attend the meeting he's holding May 4th. Lots of people think they know what liberty is but very few can explain how it works. Barry Brownstein shares some of the marvelous wisdom of Leonard E. Read about how the threat to liberty is coming from inside the house. Misinformation could cause you to doubt those who wish to rule you. Not to fear, good citizen, Jordan Schachtel notes that the White House is launching a Ministry of Truth through the DHS. Sponsors: Dixie Chiropractic HSL Ammo Sewing & Quilting Center Monticello College Life Saving Food  The Heather Turner Team at Patriot Home Mortgage Govern Your Crypto

Profiles in Liberty podcast host Caleb Franz joins me for another edition of History in Action. He explains how misinformation and calls for censorship are nothing new in US history. My friend Keith Kelsch is doing amazing work in Southern Utah to build community systems that are voluntary rather than politicized. You may want to attend the meeting he's holding May 4th. Lots of people think they know what liberty is but very few can explain how it works. Barry Brownstein shares some of the marvelous wisdom of Leonard E. Read about how the threat to liberty is coming from inside the house. Misinformation could cause you to doubt those who wish to rule you. Not to fear, good citizen, Jordan Schachtel notes that the White House is launching a Ministry of Truth through the DHS. Great stories have the power to sustain culture. As Thomas Luongo writes, this is what makes Disney's decision to go "woke" all the more tragic. Free speech isn't just a guilty pleasure enjoyed by people with lots of privilege. As Chet Richards explains, you can't have a functioning nation without free speech. Stop believing the people who want you to think that you're powerless. Annie Holmquist makes a strong case for teaching your children the value of a having a well-calibrated moral compass. If the past couple of years haven't opened your eyes to the effects of propaganda in manipulating the masses, you might want to check your pulse. Ryan Matters shares 6 lessons from the father of modern propaganda Edward Bernays. Sponsors: Dixie Chiropractic HSL Ammo Sewing & Quilting Center Monticello College Life Saving Food The Heather Turner Team at Patriot Home Mortgage Govern Your Crypto --- Support this podcast: https://anchor.fm/loving-liberty/support

Price controls are being suggested by some commentators as a way to fight inflation. But, as Lawrence W. Reed, President Emeritus of the Foundation for Economic Education explains, price controls would be a really bad idea. Larry also chats with show host Gene Tunny about whether Jesus was a socialist, why banks and the state should be kept separate, and why President Biden would benefit from lessons on infrastructure from the 21st President Chester A. Arthur. About this episode's guest - Lawrence W. ReedLawrence W. (“Larry”) Reed became President of the Foundation for Economic Education (FEE) in 2008 after serving as chairman of its board of trustees in the 1990s and both writing and speaking for FEE since the late 1970s. He previously served for 21 years as President of the Mackinac Center for Public Policy in Midland, Michigan (1987-2008). He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its department of economics from 1982 to 1984.In May 2019, he retired to the role of President Emeritus at FEE and assumed the titles of Humphreys Family Senior Fellow, and Ron Manners Global Ambassador for Liberty. He holds a B.A. in economics from Grove City College (1975) and an M.A. degree in history from Slippery Rock State University (1978), both in Pennsylvania. He holds two honorary doctorates, one from Central Michigan University (public administration, 1993) and Northwood University (laws, 2008).Reed has authored nearly 2,000 columns and articles in newspapers, magazines and journals in the United States and abroad. His writings have appeared in The Wall Street Journal, The Washington Examiner, Christian Science Monitor, Intellectual Takeout, USA Today, Baltimore Sun, The Epoch Times, Detroit News and Detroit Free Press, among many others. He has authored or coauthored eight books, the most recent being  Was Jesus a Socialist? (a major expansion in 2020 of an earlier essay) and Real Heroes: Inspiring True Stories of Courage, Character and Conviction.  Additionally, he co-authored and edited five e-Books. See the “Books” section of this web site for more info. He is frequently interviewed on radio talk shows and has appeared as a guest on numerous television programs.Links relevant to the conversationLarry's article “Price controls: killing the messenger”:https://elamerican.com/price-controls-killing-the-messenger/Larry's article “Why I wish we could put Chester Arthur and Joe Biden in a room together to talk infrastructure spending”:https://fee.org/articles/why-i-wish-we-could-put-chester-arthur-and-joe-biden-in-a-room-together-to-talk-infrastructure-spending/Larry's article “The World's Oldest Republic Reveals the Secret to Peace and Prosperity”:https://fee.org/articles/the-world-s-oldest-republic-reveals-the-secret-to-peace-and-prosperity/Larry's article “Why the Separation of Bank and State Is so Important”:https://fee.org/articles/why-the-separation-of-bank-and-state-is-so-important/Leonard E. Read's article “I, Pencil”:https://fee.org/resources/i-pencil/Article on “Is It Wrong for Christians to Raise Rent on Tenants? Dave Ramsey Sparks Controversy With His Answer”:https://churchleaders.com/news/414426-is-it-wrong-for-christians-to-raise-rent-on-tenants-dave-ramsey-sparks-controversy-with-his-answer.htmlThe parable of the vineyard workers: https://www.bbc.co.uk/bitesize/guides/zd76rj6/revision/5Thanks to the show's audio engineer Josh Crotts for his assistance in producing the episode. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.

Über lange Zeit war die Ansicht geläufig, dass eines der wesentlichen Unterscheidungsmerkmale zwischen Tier und Mensch beim Werkzeuggebrauch liegt. Diese Idee, wie viele andere eindimensionale Unterscheidungen zwischen Tier und Mensch, scheinen aber wissenschaftlich nicht haltbar zu sein. Dennoch ist der Gebrauch und die Schaffung von Werkzeugen einer der konstituierenen Faktoren moderner Gesellschaften. Manche Artefakte sind aber keine Werkzeuge im klassischen Verständnis, sondern scheinen vielmehr unser Denken zu erweitern. Damit stellt sich die etwa von Andy Clark und David Chalmers aufgeworfene Frage: »Wo endet der Geist und wo beginnt der Rest der Welt?« Andy Clark sieht dies in seinem Buch Being There etwas bildlich so: »Der Geist ist ein undichtes Organ, er entflieht stetig seinen natürlichen Beschränkungen und mischt sich schamlos mit dem Körper und der Welt.« Schon aus der Antike kennen wir die Ansicht, dass Körper und Geist in einer wesentlichen Wechselwirkung stehen, so schreibt Juvenal: »Mens sana in corpore sano«, »Ein gesunder Geist steck in einem gesunden Körper.« Aber in einem klassischen philosophischen Artikel aus dem Jahr 1998 konkretisieren Clark und Chalmers anhand einer Reihe von Beispielen die These, dass das Denken auch immer mehr unsere Umgebung einbezieht. In dieser Folge versuche ich weniger die komplizierte philosophische Diskussion zu erfassen als mehr die Frage, welche Folgen diese Idee für unsere moderne Gesellschaft hat. Warum ist es wünschenswert, die natürlichen Beschränkungen unseres »biologischen Geistes« zu überwinden? Wir werden in dieser Folge feststellen, dass wohl fast alle komplexen Prozesse unserer Gesellschaft ohne diesen »ausfließenden Geist« kaum vorstellbar wären. Aber, wie so oft, gibt es auch Risiken oder Seiteneffekte, derer man sich bewusst sein sollte. Was bedeutet dies etwa für das Selbstverständnis und die Fähigkeiten des Menschen, das Ich, das Selbst? Wenn wir erweiterte Kognition erleben, wo sich die Denkprozesse mehrerer Menschen überschneiden, was hat dies für Folgen? Was bedeutet dies für die Komplexität und Resilienz unserer Gesellschaft uns so manchen abenteuerlicher Ideen, wie der Kolonialisierung des Weltraums, um ein extremes Beispiel zu nennen? Referenzen Andere Episoden Episode 9: Abstraktion: Platos Idee, Kommunismus und die Zukunft Episide 10: Komplizierte Komplexität Episode 17: Kooperation Episode 32: Überleben in der Datenflut – oder: warum das Buch wichtiger ist als je zuvor Fachliche Referenzen Andy Clark, David Chalmers, The Extended Mind, Analysis 58.1. (1998) Andy Clark, Being There, Bradford (1998)  Externalism about the mind, Stanford Encyclopedia of Philosophy Henry David Thoreau, Journal 1851 Watson und Crick — (an)sichten Artikel: James Watson, Die Doppel-Helix, Die Struktur der DNS Teil 1 (Watson und Crick) und Teil 2 (Die Doppelhelix) Mark Rowlands, Extended Mentality (YouTube) Leonard E. Read, I, Pencil Annie Murphy Paul, The Extended Mind GitHub Copilote Jonathan Haidt, How Social Media Is Changing Social Networks, Group Dynamics, Democracies  & Gen Z Nicholas Christakis, Connected, Harper Collins (2021)

Why has libertarianism failed to achieve freedom? It's because it has sunk in a sea of buts.   Reference: the 1970 essay of Leonard E. Read: “Sinking in a Sea of Buts.” Please subscribe to our email newsletter FFF Daily here.

Independence Day has come (and gone) once again and with it, the opportunity to reflect on what exactly we celebrate. Leonard E. Read's classic essay "The Essence of Americanism" is a great way to recount the remarkable shift that came about as a result of American independence. It's also a great antidote to the poisonous revamping of American history that is currently fashionable. What's the biggest thing that separates authoritarians from supporters of freedom? Gary M. Galles draws upon another Leonard Read essay to provide a clear and compelling distinction. The damage done by Covid could more accurately be described as damage done by the official response to Covid. Brandon Smith has an explanation of the economic damage done and where it's leading us. With the intense heat wave we've been under lately, the thought of working in the garden isn't as appealing at the moment. Even so, Annie Holmquist has a terrific essay about the importance of not only gardening but teaching our children how to weather life's storms by rooting them in a garden. www.thebryanhydeshow.com --- Support this podcast: https://anchor.fm/loving-liberty/support

Independence Day has come (and gone) once again and with it, the opportunity to reflect on what exactly we celebrate. Leonard E. Read's classic essay "The Essence of Americanism" is a great way to recount the remarkable shift that came about as a result of American independence. It's also a great antidote to the poisonous revamping of American history that is currently fashionable. Sponsors:  Monticello College Pure Light HSL Ammo The Heather Turner Team at Patriot Home Mortgage Subscribe to the podcast  Support this program by becoming a Patron 

In Episode 114, Quinn asks: What are carbon offsets, and do they even work?  Our returning guest is Akshat Rathi, a reporter at Bloomberg Green.  Carbon offsets -- like our planet -- are so hot right now. And like our planet -- they kind of don’t work! So fun.  But they could -- and while missions #1 to #11 are eliminate emissions, everywhere, we’ve gotta go negative at some point, so we might as well figure it out, and figure out how to scale them, like yesterday. You need them, I need them, we all need them. Forests (of all kinds) are great, but imperfect. New tech like next-generation wind and solar, methane-tracking satellites, and vacuums that literally suck carbon out of the sky are imperfect, too. But so is Quinn! Find out how you can offset your own impact, and help get us to negative, stat. Have feedback or questions?http://www.twitter.com/importantnotimp ( Tweet us), or send a message to questions@importantnotimportant.com Important, Not Important Book Club: https://bookshop.org/shop/importantnotimportant ("More from Less") by Andrew McAfee https://bookshop.org/shop/importantnotimportant ("Less is More") by Jason Hickle https://bookshop.org/shop/importantnotimportant (https://bookshop.org/shop/importantnotimportant) Links: https://akshatrathi.com/ (akshatrathi.com) Twitter: https://twitter.com/akshatrathi (@akshatrathi) LinkedIn: https://www.linkedin.com/in/akshatrathi/ (linkedin.com/in/akshatrathi) https://www.bloomberg.com/green (Bloomberg Green) https://stripe.com/climate (stripe.com/climate) https://www.kiva.org/ (kiva.org) https://www.bloomberg.com/features/2020-nature-conservancy-carbon-offsets-trees/ (JPMorgan, Disney, Blackrock Buy Nature Conservancy's Useless Carbon Offsets) https://fee.org/resources/i-pencil/ (I, Pencil by Leonard E. Read) Connect with us: Subscribe to our newsletter at http://importantnotimportant.com/ (ImportantNotImportant.com)! Follow us on Twitter: http://twitter.com/ImportantNotImp (twitter.com/ImportantNotImp) Follow Quinn: http://twitter.com/quinnemmett (twitter.com/quinnemmett) Follow Brian: https://twitter.com/beansaight (twitter.com/beansaight) Like and share us on Facebook: http://facebook.com/ImportantNotImportant (facebook.com/ImportantNotImportant) Intro/outro by Tim Blane: http://timblane.com/ (timblane.com) Important, Not Important is produced by http://crate.media/ (Crate Media) Support this podcast

How much does it cost to worship God? How much did it cost in the Old Testament? The answer seems to be something rather than nothing--it's not free--yet the precise cost might depend on various vagaries of weather and international trade. In short, the market solves, and God expected Israel to participate in it. This Episode Features: Sacrifice Means Killing Something; How Much For The Bull (China Shop Not Included)?; Lent And Fasting; Chocolate For Brownie Points; Greg The Potential Cattle Rustler; Cruel Tricks To Play On Your Children; Frankincense; Naturalism And Dominion; I, Pencil; and God Nowhere Demands Wildflowers. Transcript: https://bit.ly/3t8UDkN-htz-57 Links: Isaiah 58: https://www.esv.org/Isaiah+58 "I, Pencil" - Leonard E. Read: https://fee.org/resources/i-pencil/ Recos: Getting Married and Having Children The Heliand - tr. G. Ronald Murphy: https://amzn.to/3raibDZ --- Support this podcast: https://anchor.fm/haltingtowardzion/support

What would a truly principled candidate say in an inaugural address? Leonard E. Read had a good idea of what they might say. There is a ton of timeless wisdom in his words. You're not imagining things. There is a very open centralization of power taking place and the concept of federalism is being discarded. Gary M. Galles has an excellent take on why it's happening. How serious are you about making a difference? Here are 6 questions that proven difference-makers must ask themselves. --- Support this podcast: https://anchor.fm/loving-liberty/support

Dear listeners, Welcome to the eighth episode of The Nepali Economist. In this episode, I talk about the marvel of the markets - what they are, how they work, and why they are important. References: The Reality of Markets by Russel Roberts Spontaneous Order by Norman Barry I, Pencil by Leonard E. Read Halt and Catch Fire TV Series

As I drove through the Southside of Chicago today, I noticed a McDonalds and thought about all the different dividend paying companies that are located within. And with that thoughtful reflection, I was reminded of an essay I had read many years ago by Leonard E. Read, entitled - I, Pencil. So, I read the essay on this episode and is about 15 minutes long. Afterwards I recap the buys, a sell and the dividends. Tickers mentioned in this episode - IVZ, IBM, KMB, MRK, ALB, PRU, PEP, JNJ, ABBV, PG, ETN & ET. (Full disclosure - I am long all of them except for IVZ.) Song of the show "A Boy Named Sure" by Johnny Cash Disclaimer - This is not financial advice and I am not a licensed investment adviser. The stock market carries a risk of loss and you must do your own due diligence before investing and/or speak with a licensed financial adviser.

Controversial billboards claiming the world is overpopulated and advocating one child families have appeared at bus stops in Vancouver, BC. Darnell & Joel engage in a conversation about:   One Planet, One Child's billboard campaign Canada's all time low fertility rate Thanosian economics The goal of marriage  https://www.sixcentsreport.com/ Song from our intro: Sho Baraka - Pedantic References: New billboard campaign in Vancouver targets global overpopulation One Planet One Child - About Us Malthusianism Too Many Men How China's One-Child Policy Led To Forced Abortions, 30 Million Bachelors The Population Bomb? | Retro Report | The New York Times Only child benefits – show me the research! The Economic Reason for Having Just One Child Canada's fertility rate hits all-time low: Statistics Canada At NYC's Density, the World's Population Could Live in Texas Elon Musk and Jack Ma agree: The biggest problem the world will face is population collapse I, Pencil by Leonard E. Read Thanos, Like Malthus, Is Wrong about Population Control In "Endgame," Thanos Pivots from Malthusian to Revolutionary With Some Help from a Great Economist, Would Thanos Have Had a Different Endgame? Ep. 5 | Barbara Kay | The Woke Left, Cancel Culture and Radical Trans Activism Genesis 1 - NASB Give us your two cents via: Facebook Twitter sixcentsreport@gmail.com

As the divide keeps getting wider in America, many of us are asking, "Is violent conflict inevitable?" Elections alone aren't going to solve the problem. In fact, the next election could be catalyst for real bloodshed. Why not consider decentralization as a solution? At the risk of sounding stubborn, is it really in the interest of public health that everyone wear a mask? Molly McCann suggests that mandatory masks are more about social control than saving lives. Not to seem ungrateful for the efforts of those who insisted on locking down our lives and the economy, but has anyone actually tallied up the broader costs? Edward Peter Stringham asks, "Again, what were the benefits of locking down?" It's infuriating to see the wanton violence and destruction of private property being done in the name of so-called social justice. Gary M Galles has a powerful reminder from Leonard E. Read on why we cannot lower ourselves to the level of those running amok. --- Support this podcast: https://anchor.fm/loving-liberty/support

Welcome back for another episode of Nick’s Non-fiction with your host Nick Muniz! In this 15 page story Leonard E. Read follows the life of an ordinary pencil around the world. Written at the height of McCarthyism, this book showed the masses the benefit to a free market via the life of a pencil while Soviets stood on line for bread and toilet paper. "But it wasn't real communism". History has shown when one entity controls the means of production, rising industries are unable to maintain pure competition. This book will serve as an intro to free market capitalism due to thousand page Mises economic textbooks clogging up the production pipeline of the show. Analyzing the American marketplace of ideas will serve as the perfect segue into our July first jackpot, don't miss it! Subscribe, Share, Mobile links & Time-stamps below! 0:00:45 Introduction 0:03:25 About the Author 0:08:35 My Family the Trees 0:12:00 Innumerable Antecedents 0:20:00 No One Knows 0:23:20 No Mastermind 0:29:20 Testimony Galore 0:37:45 Next Time & Goodbye! Mobile Links: YT: https://youtu.be/w22Rw5z0SaQ ApplePodcasts: http://feeds.soundcloud.com/users/soundcloud:users:576068820/sounds.rss Thanks for stopping by!

While we are all forced into isolation I discuss the “essential employee” fallacy. I do this through an article written by Leonard E. Read entitled I, Pencil. Join me to see why no person on earth, has the know how to make an item as simple as pencil. --- Send in a voice message: https://anchor.fm/ChromaticDistortion/message

Was the rally in Virginia an act of terrorism? You'd think some folks had never seen a person refuse to be subjugated before in their lives. Why is the right to keep and bear arms non-negotiable to those who understand the difference between rights and privileges? Jacob Hornberger has a solid explanation. Gary Galles has compiled some of the magnificent wisdom of Leonard E. Read on the 50th anniversary of his essay "Talking to Myself." More truth from the Babylon Bee: "Being Outraged By Stupid Nonsense Replaces Baseball As National Pastime" --- Support this podcast: https://anchor.fm/loving-liberty/support

It’s the end of the year. What have we spent all of this time talking about? Mostly what it means that pension funds, sovereign funds, endowments, and other asset owner institutions collectively manage roughly a third of all the money on earth.They tend to be globally diversified and invest with long time horizons, which aligns them with the public interest because they cannot succeed unless human enterprise flourishes around the world. They also provide most of the world’s risk capital, which makes them the base of modern capitalism.Our mission at Free Money is to help them find the freedom to properly fulfill their potential, orient their operations toward projects that build collective value, and serve as truly effective stewards of society’s accumulated capital. It’s more profitable to try and extract value from them, so we have plenty of competition. But our greatest enemy is ignorance, not malevolence. So we spent the last episode of the year talking about at least five forces which work together to leave the world’s financial plumbing in thrall to the tyranny of low expectations. We’ll enumerate and examine each in essay form after this quick word from our sponsor. Are you aggravated by average? Obsessed with outperforming ordinary? Tired of what's typical? You're not alone. Most investors expect exemplary experiences, but reality seldom satisfies. That doesn't have to be true for you! Free Money is pleased to introduce Portable Alpha, a revolutionary sports drink with a propriety mix of caffeine, taurine, and orange. Future profits* are assured once we've given you permission to order, and the first serving is free! It will be shipped in a black box with only a few additional fees once you order an additional 127 servings. You'll start performing abnormally once it hits your lips. The global supply of Portable Alpha is limited, and Free Money is its exclusive distribution agent. Don't miss your chance to buy it! Click here to sign up for the Free Money email list today. *Profits will accrue to Free Money Holdings, a Cayman Islands limited liability company. The Influence of Unexamined NormsSubstantially every form of diversity imaginable is present among institutional investors. They exist in China, California, Canada, Texas, Taiwan, and Tuvalu. Some invest to support educational institutions while others provide insurance or fund members of a certain family. At least one is meant to stabilize the country of Iran.With so much inherent difference, we wonder: why do they act so similarly?One reason is that they have constraints which vary in their specifics but create similar operating conditions. For instance, they often hold monopolies over the assets they manage, which creates incentives for staff to optimize for not getting fired, rather than what’s best for the organization.On top of that, conformity tends to be written into the law in the form of the prudent person rule, which states:A fiduciary must discharge his or her duties with the care, skill, prudence and diligence that a prudent person acting in a like capacity would use in the conduct of an enterprise of like character and aims.On the surface, this makes a lot of sense. Skill, prudence, and diligence clearly belong inside of an investment decision-making process.But imagine trying to apply investment skill while required to mimic a person acting “in a like capacity” at “an enterprise of like character and aims.” What if you are able to recognize and access opportunities that your peer group can’t imagine? Are you to forego such opportunities and thereby constrain your ability to access abnormal returns?It does not pay to ask such questions in investment committee meetings, which exist to pursue and monitor certain prescribed forms of commerciality. The lie that these normative constraints on capital allocation are innate to all sound investing processes thus impairs every asset owner institution, effectively constraining all capitalist processes by misaligning the risk capital that serves as their feed stock. Recognizing the existence of this lie does not naturally render investment decisions it affects incomplete or invalid, simply influenced by an unacknowledged force altogether different from the “invisible hand” of a “free market” which neither executive leaders nor board-level overseers often contemplate or choose to engage with. Instead, market participants are blinded to alternative investing styles in much the same way that most adults were blinded to queer lifestyles before recent increases in lesbian, gay, bisexual, and transgender visibility. The Pleasant Fiction of Free MarketsUnlike normative forces, the influence of market forces has been contemplated extensively. Much of this literature makes the case that something called a “free market” determines which goods are bought and sold and the prices at which those transactions take place.Leonard E. Read’s essay I, Pencil is a representative entry in this literature. In it, Read tells the story of a simple lead pencil, tracing the many people, processes, and places that play a role in its construction. The pencil itself is presented as a miracle of the market, since it came into being even though no one person in its complex supply chain possesses all the requisite knowledge to make it from scratch.Read then contrasts the process which birthed his marvelous pencil with the machinations of government, arguing that any government program inhibits creative energy and introduces unnecessary costs on human enterprise.We prefer pens, but agree with Read that the large-scale cooperation required to construct a pencil is pretty cool. However, his assertion that it takes place in a marketplace untouched by government action is categorically false. 34 of of the 50 largest pensions in the United States are linked to government entities, meaning that the pencil factory that serves as the site of his miracle may well be bankrolled by the very same government he wrote the essay to denounce.In fact, government funding fuels an increasing share of basic innovation in the United States. The chart below—published in the peer-reviewed journal Science—shows that more than a quarter of U.S. Patents relied on federally supported research, and that corporations are the largest beneficiaries of this support.One would hope that the government’s track record spoke for itself after funding the research which led to GPS, airbags, cellular phones, lithium batteries, and the internet. Most traditional investors would have had a hard time funding the long-term fundamental work which birthed each of these technologies since the outcomes of such efforts are inherently unclear.With that said, these investments in basic research are crucial, and we believe society should be organizing itself to make more of them. Whether it’s concentrated on curing disease or alleviating the effects of climate change, the government can clearly be an effective supporter of curiosity and creator of capitalist opportunity.Individually Rational, Collectively Insane ActionsTo estimate the costs associated with the unstudied norms we discuss in section 1, take a look at the chart in section 2. It should be surprising that corporations own so many of the patents generated by government research, but it probably isn’t to most readers.If asset owners were able to take fuller advantage of unconventional opportunities, it’s likely that this chart would look a little different. Think about it: much of this research work takes place at universities, which typically also have endowments. The people pursuing promising cutting-edge research may share a dining hall with the investors tasked with finding compelling investment opportunities.Why not invest where they eat?Some sophisticated university endowments might already, but for many staff such a suggestion smacks of career risk. If the investment went wrong or simply under performed, they’d face scrutiny and perhaps consequences. So private corporations capture the rewards of this public spending instead.If this were the only individually rational, collectively insane behavior in the financial markets, it might not be such a big deal. But it’s far from isolated. At one time, it would have been safe to assume that the corporation that eventually patented these new technologies would be listed on a stock exchange. If that were the case, it would be relatively easy for an investor to share in their prosperity.Today that’s not so much the case. There are roughly half as many listed companies today as there were in the late 1990s, and innovative growth companies are staying private longer than ever before. This means institutional investors must compete for access to illiquid, expensive investment vehicles to access opportunities that would have been readily available two decades ago.The private equity funds that pensions pay to access previously available investment opportunities provide perfect conditions for collective insanity to flourish further. Though in some cases these firms have historically generated returns through improved governance, modern practice has moved towards more complex practices that arguably increase risk and invite significant conflicts of interest.Roughly twenty percent of 484 healthy companies purchased by private equity funds went bankrupt within ten years of the transaction’s close. Roughly thirty-five percent of the funding for such transactions comes from public pension plans. And if recent trends are any indication, that number is only set to grow.Institutional Resistance to InnovationThe organizations which form the base of capitalism—pensions and other asset owners—operate in government contexts. The people in charge of them are necessarily political, which compounds the difficulty of modernizing the way a given pool of capital invests.As if it wasn’t hard enough already.This means that although many of these enterprises would benefit from streamlining their administrative processes, the energy required to socialize and implement such reforms would be substantial. And rightly so: in many cases, people rely on these organizations to fund their daily lives. They are not the sort of environments where it’s appropriate to “move fast and break things.”Fortunately, there are less controversial places to concentrate. There is almost a pre-built consensus for modernizing the technology that these organizations use to make investment decisions, modernize their internal administration, and communicate with beneficiaries.Cost savings can be substantial. In Illinois, which will spend 27% of its 2020 budget on meeting pension obligations, some smaller suburban pensions incur more than $2,000 per person in administrative expenses. And that’s before considering what they pay in fees and costs to their investment managers.Implementing new technology systems invites these organizations to evaluate and update their governance in a relatively gentle and constructive setting. It also prepares them for added scale, which can substantially reduce the cost of administration (as shown by the McKinsey chart below).The report it comes from also indicates that a $1 billion pension fund typically pays fund managers 15% higher fees than a $10 billion fund, meaning that administrative costs aren’t the only place where plans experience increasing returns to scale. If the fund were to grow by two orders of magnitude to $100 billion, investment fees would be expected to come down by 41%.Though the fiduciary test we discussed earlier can make paradigm-shifting innovation harder to implement, it does at least keep trustees concentrated on commercial success. This can promote myopia, but also clearly justifies investing in technology and other cost-saving measures which indirectly improve governance and increase innovation.  5. The Low Probability of Positive ChangeTo cynics, what we have described is an immutable characteristic of financial capitalism. In those jaundiced eyes, we’re better off hoping for faeries to magic these conditions away than believing we can build momentum for change. After all, history does not appear to be on our side. Thomas Phillipon found that despite the numerous technological advances that happened between 1886 and 2012, financial intermediaries still managed to extract a roughly constant 1.5-2% from the economy. Why would we dare believe that anything could change?Because it already has. In the same paper, Phillipon shows that the finance industry’s share of total income in the United States has grown roughly fourfold since the end of World War II. That’s because the country’s asset base has grown significantly while the 1.5-2% tolls that banks extract from it have remained the same. And since the industry has consistently captured this extreme amount of value for more than thirty years, we’ve almost accepted it as normal. Almost. Mission-oriented investors forced to pay those fees are wising up, and working together to escape them. We’ve seen asset owners direct intention towards improving their own relationships with intermediaries, reap the benefits, and invite others along the same path. That’s exciting: it means the world’s giant pools of capital are beginning to manifest their power and take charge of their own destiny. It’s happening just in time.The threats posed by global challenges like famine, illness, and climate change cloud the future of our species. If we overcome them, it will be because society has managed to evade the strictures we describe in this essay and realign its assets to support and speed human flourishing.If you enjoyed reading this, maybe a friend would too! Get on the email list at freemoney.substack.com

Clink! It was on this day in 1933 that prohibition was officially repealed. There are some very important lessons learned that still apply in our day. Need another reason to oppose so-called red flag laws? Wait until you hear how Colorado just tells police officers to go get the guns but doesn't advise them on what to do if someone refuses. Could the growing division in our nation today be healed by a return to Americanism? If you want to read a great description of the ideals that are at stake, check out Leonard E. Read's essay "The Essence of Americanism" --- Support this podcast: https://anchor.fm/loving-liberty/support

Frustrated with the way our politics and culture seem to be spiraling out of control? In this hour, we examine some of the insights of Albert Jay Nock and Leonard E. Read regarding the power of changing the world, starting with ourselves. If you've never considered the power of "one improved unit" in creating lasting change, this is a message you need to hear. --- Support this podcast: https://anchor.fm/loving-liberty/support

In closing out the week we have one last piece on the economics behind Bitcoin and the natural market economy. We read the classic piece “I, Pencil” by Leonard E. Read posted on Fee.org. Check out the post itself to read the Foreward & Afterward, plus don't miss the excellent collection of work at Fee.org: https://fee.org/resources/i-pencil/ Support the show: Donate To: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

In closing out the week we have one last piece on the economics behind Bitcoin and the natural market economy. We read the classic piece “I, Pencil” by Leonard E. Read posted on Fee.org. Check out the post itself to read the Foreward & Afterward, plus don't miss the excellent collection of work at Fee.org: https://fee.org/resources/i-pencil/ Support the show: Donate To: 3Nn8jJSfK2oFherVWQUGXgesvHpzbMckz5 --- Send in a voice message: https://anchor.fm/thecryptoconomy/message

When we celebrate the Fourth of July, what are we truly celebrating? Is it our country’s government and whatever policies it happens to pursue? Or is it the ideals upon which the country was founded? What are those ideals and what has been the American experience that resulted from them? What is the difference between patriotism and nationalism, between society and the state? The FEEcasters explore these questions and more. Show Notes: “The Essence of Americanism” by Leonard E. Read “The True Meaning of Patriotism” by Lawrence W. Reed “The Herd Mind” by Dan Sanchez “The State” by Randolph Bourne  

McDonald’s in North Korea? Chinese dresses in Utah? Are such cross-cultural remixes cause for offense or celebration? Is militarism or trade the best answer to tyranny? Is cultural emulation a form of appropriation or appreciation? These questions and more are considered in this lively discussion with the whole FEEcast gang: Richard Lorenc, Brittany Hunter, Dan Sanchez, and Marianne March. Show Notes: McDonalds on streets of North Korea: Kim Jong-un wants USA to invest in Pyongyang Conscience on the Battlefield | Leonard E. Read Want Peace? Promote Free Trade | Julian Adorney In North Korea, Black Markets Are Saving Lives | Richard Mason Venezuela Proves There is No Political Freedom Without Economic Freedom Chinese prom dress draws rage, but Utah student said she meant no harm Cultural Appropriation Is Love | TJ Brown Cultural Appropriation Is Intellectual Property on Stilts | Pierre-Guy Veer How Motown Smashed the Cultural Border | Sean Malone What's Wrong With Wakanda?

Free MarketsI, PencilAPRIL 1, 2009 Leonard E. ReadThe audio version of Leonard Read's classic essay. Narrated by Floy Lilley.Download audio fileREAD MORE

Free MarketsI, PencilAPRIL 1, 2009 Leonard E. ReadThe audio version of Leonard Read's classic essay. Narrated by Floy Lilley.Download audio fileREAD MORE