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Murray Rothbard called this "probably the single most disasterous economic idea ever invented". He spoke on this topic during a speech on Milton Friedman. It's
by gw 13y ago
Murray Rothbard called this "probably the single most disasterous economic idea ever invented". He spoke on this topic during a speech on Milton Friedman. It's worth a listen.
http://www.youtube.com/watch?v=AenYS193mSI&t=10m34s http://www.youtube.com/watch?v=AenYS193mSI&t=10m34s
- deleted 13y ago[deleted]
- mikeyouse 13y agoI'm all for differing viewpoints, but prospective watchers should know that Murray Rothbard considered Adam Smith an anti-capitalist proto-Marxist. He also had some very 'interesting' views on women's liberation, race, homosexuality, slavery, etc. etc.
- gw 13y agoReally an odd way to show you are for differing viewpoints, to inoculate "prospective watchers" by opening the floodgates to a host of disparate subjects that have nothing to do with the topic at hand, all the while winking and nudging that he is a bigot regarding said subjects.
- deleted 13y ago[deleted]
- gw 13y agoSo you understand my critique, and then proceed to bring up yet more unrelated subjects, referencing individuals at random who have nothing in common with the one we're discussing. I don't think you really understand my critique.
- pg 13y agoYou know, guys, I don't think you're likely to reach any sort of consensus or learn anything from one another. So you may as well stop now.
- nickik 13y agoI actually am a AnCap like Rothbard (not like him but simular in some ways) and I disagree with him. He does not actually make a good arguments about BI, he has some basic wellfair principly and talkes about them, without actually going into the exact idea of a BI. He makes some general statments about wellfair and a particular implmentation of wellfair. Also he makes a typical error that he makes all the time, he compares to some optimal system and not to the current system. I really dislike that Rothbard is the Anarcho Capitalist that is best known.
- gw 13y agoHe did speak specifically about BI. I'm not sure what you're talking about.
- nickik 13y agoI did not listen to all of it, but one of his main arguments is that as soon as the amount you get is bigger then the amount you would earn you stop earning. He talked about this for a long time. But the hole point of BI (as I understand the concept) that it does not matter how much you work, or how much you earn. You just get BI and from there on just let people work, its not BI or work, probebly both.
- gw 13y agoThere are different variations of the idea. Whether or not it is income-based is basically irrelevant. People will still stop working, because the marginal value of employment will plummet.