Categories
Philosophy Political Video Link

Locke’s Second Treatise, Chapter 14, Analysis and Critique

Chapter 14 of the Second Treatise is titled “On Prerogative,” and is perhaps the most dangerous concept in Locke’s idea of government, especially from a libertarian or voluntaryist perspective.

According to Locke, prerogative is the ability of the executive to promote the public good without a rule. However, the notion of the executive having powers not strictly limited where the law is “silent” is a dangerous notion, prone to all sorts of bad incentives, which even Locke admits.

Furthermore, we get to see an interesting application of prerogative and how the American founders seem to have actually improved on Locke’s thought, in the notion of eminent domain. It sounds crazy, especially from our voluntaryist perspective, but I explain in detail in the video.

This video is available on Odysee, YouTube, and BitChute.

Intro music adapted from a royalty-free piece by Clavier Music, courtesy of Pixabay.
https://pixabay.com/users/clavier-music-16027823/

Categories
Philosophy Political Video Link

Locke’s Second Treatise, Chapters 12 and 13

Chapters 12 and 13 of Locke’s Second Treatise of Government cover the executive and federative powers, their goals, and their limitations.

The chief point to remember when reading this chapter is that the legislature is supreme insofar as it serves the ends for which the people created it, but the people (in a Lockean system) maintain the power of altering or abolishing the legislature should it fail to serve their purposes.

Categories
Philosophy Political Video Link

Locke’s Second Treatise, Chapter 7

Chapter 7 is titled “Of Political or Civil Society,” but that title is a little bit deceptive. It begins with a few more appeals to religious beliefs in the beginning, attempting to emphasize (again) that familial and master/servant relations fall short of what Locke terms “political power.”

However, the real meat of the chapter is Locke’s argument against absolute monarchy as an example of a civil society. In short, by taking ultimate judgment powers upon himself (even for matters concerning himself), an absolute monarch of any kind effectively puts himself into the state of nature with respect to his people.

It is a simple and clear argument for rebellion against any totalitarian state.

We have some more issues with Locke’s assumptions of horizontal integration of the various roles that states usually monopolize, and he’s definitely keeping his toe off of any line that might get him officially sanctioned by the English king at the time, but the elements of the argument are there and are convincing:

If the state fails to serve the people, then those people need not remain subjugated by it. The purpose of society is to improve man’s lot compared to the state of nature/war.

This video is available on Odysee, YouTube, and BitChute.

Categories
Philosophy Political Video Link

Locke’s Second Treatise, Chapter 6

Chapter Six is titled “Of Paternal Power,” but actually it covers a bit more than that, seeking not only to explore the limits of paternal (or, as Locke might have it, “parental”) power and show how it differs from political power.

However, here we also find Locke deviating somewhat from his desired goal of a government by consent. He makes a few crucial assumptions and moves in the direction of “implied” consent, vis a vis allegiance to governments, although not to the degree that Rousseau pushed.

What we learn here is that the primary “implication” that leads to consent of governance is the ownership of land, but Locke has side-stepped any argument about why governments must maintain a monopoly on land ownership.

All this and more in the video, which is available at Odysee, YouTube, and BitChute.

Categories
Philosophy Political Video Link

Locke’s Second Treatise, Chapter 5

This chapter is titled “On Property,” and covers the most basic parts of Locke’s theory of property.

To summarize, man owns his labor and the stuff he mixes his labor with from out of the commons in the State of Nature.

However, the Law of Nature prohibits man from appropriating things and then wasting or destroying them.

In society, positive rules are created to handle the rules for ownership and transfer of property.

It’s here that Locke seems to dig himself into a bit of a hole, both by making some assumptions about the positive laws of society and about the tendency of man in the State of Nature to only appropriate that which he can cultivate.

This video is available on YouTube, Odysee, and BitChute.

Categories
Philosophy Political Video Link

Locke’s Second Treatise, Chapters 3 and 4

In chapters three and four of Locke’s Second Treatise, he covers The State of War (inside and outside of the context of society), and Slavery.

He makes a few strange arguments here, so bear with me as I try to work through them and provide some context.

One very interesting point is that, for Locke, the primeval state of man (pre-government) consists of some mixture of the State of Nature and the State of War. In short, Locke’s State of Nature has a different scope from, say, Hobbes’s.

This video is available on Odysee, BitChute, and YouTube.

Categories
Economics Political Video Link

Rothbard’s America’s Great Depression, Chapter Ten

Chapter ten covers the events of 1931. Basically, after massive state intervention didn’t fix the problem in 1929 or 1930, Hoover gets the great idea that more government intervention will fix the problem in 1931 and 1932… with disastrous results.

Up until 1930, Hoover had (at least) resisted the swan song of massive government control over the economy and huge federal relief programs. During 1930, that resistance waned and set the stage for the rest of the depression.

Alternative places to watch the video are on Odysee, BitChute, and YouTube.

Get my full notes here.

References

(FYI, Rothbard cites a bunch of defunct journals and magazines in this chapter that are practically impossible to find outside of university library archives these days, but I did my best.)

Anderson, Economics and the Public Welfare
https://archive.org/details/economicspublicw0000ande/page/n3/mode/2up

Clark, Central Banking under the Federal Reserve System…
https://fraser.stlouisfed.org/title/central-banking-federal-reserve-system-314

Aldrich, The Causes of the Present Depression and Possible Remedies
https://books.google.com/books/about/The_Causes_of_the_Present_Depression_and.html?id=iijIAAAAMAAJ

Dorfman, The Economic Mind in American Civilization…
https://mises.org/library/book/economic-mind-american-civilization-1606-1865-volume-one

Bernstein, The Lean Years…
https://archive.org/details/leanyearshistory0000bern_f7p8/page/n5/mode/2up

Warren, Herbert Hoover and the Great Depression
https://archive.org/details/herberthoovergre0000warr_f2d0

Hayes, Activities of the President’s Emergency Committee for Employment
https://books.google.com/books/about/Activities_of_the_President_s_emergency.html?id=7QHJAAAAMAAJ

Congressional Record 75, including January 11, 1932
https://archive.org/details/sim_congressional-record-proceedings-and-debates_january-04-19-1932_75/page/1654/mode/2up

Monthly Labor Review 32 (1931), including p. 834
https://fraser.stlouisfed.org/title/monthly-labor-review-6130/april-1931-608201?page=62

Wolman, Wages in Relation to Economic Recovery
https://books.google.com/books/about/Wages_in_Relation_to_Economic_Recovery.html?id=Vh1QAQAAMAAJ

Angly, Oh Yeah?
https://books.google.com/books/about/Oh_Yeah.html?id=rTWMAAAACAAJ

Salary and Wage Policy in the Depression
https://archive.org/details/salarywagepolicy0000unse/page/n3/mode/2up

Harrod, The Life of John Maynard Keynes
https://archive.org/details/in.ernet.dli.2015.462199

(I had no luck finding any electronic resource for the very old Barron’s issues referenced in footnote 17 on page 270)

Putnam, Is Wage Maintenance a Fallacy, in Journal of the American Bankers’ Association
https://babel.hathitrust.org/cgi/pt?id=mdp.39015086750646&q1=putnam&start=1

Divine, American Immigration Policy
https://archive.org/details/americanimmigrat0000divi/page/n7/mode/2up

Abbott, Public Assistance
https://archive.org/details/publicassistance0001edit/page/n3/mode/2up

Schlesinger, The Crisis of the Old Order, 1919-1933
https://archive.org/details/ageofrooseveltcr0000unse/page/n3/mode/2up

Fusfeld, The Economic Thought of Franklin D. Roosevelt
https://books.google.com/books/about/The_Economic_Thought_of_Franklin_D_Roose.html?id=tRZUQwAACAAJ

Monthly Labor Review 33 (1931) containing p. 1341-1342
https://fraser.stlouisfed.org/title/monthly-labor-review-6130/june-1931-608203?page=10

Wendt, The Role of the Federal Government in Housing
https://www.huduser.gov/portal/sites/default/files/pdf/Federal-Government-in-Housing.pdf

Nash, Herbert Hoover and the Origins of the RFC
https://www.jstor.org/stable/1892269

Monthly Labor Review 33 (1931), containing pages 1049-1057
https://fraser.stlouisfed.org/title/monthly-labor-review-6130/november-1930-608195?page=9

Frederick, Readings in Economic Planning
https://search.worldcat.org/en/title/228876
alternate link:
https://www.google.com/books/edition/Readings_in_Economic_Planning/Xo_XAAAAMAAJ?hl=en&gbpv=0&bsq=frederick%20%22readings%20in%20economic%20planning%22

Loth, Swope of G.E.
https://archive.org/details/swopeofgestoryof00loth/page/n5/mode/2up

Donham, Business Adrift
https://archive.org/details/businessadrift0000wall

Coit, Mr. Baruch
https://archive.org/details/mrbaruch00coit_0

The Magazine of Wall Street including December 14, 1929, unfortunately I could find no better link…
https://www.google.com/books/edition/_/QKxLAQAAIAAJ?hl=en&sa=X&ved=2ahUKEwjU6OH-gd-IAxWCkO4BHXobAEIQre8FegQIAxA1

Tugwell, The Democratic Roosevelt
https://archive.org/details/democraticroosev00tugw

Stocking, Stabilization of the Oil Industry…
https://www.jstor.org/stable/46

Watkins, A Planned Economy Through Coordinated Control of Basic Industries
https://www.google.com/books/edition/A_Planned_Economy_Through_Coordinated_Co/aOcyHAAACAAJ?hl=en

Categories
Essay Philosophy Political

First Thoughts on “Political Violence”

Seeing a lot of people, including libertarians, oddly enough, pronouncing these blanket oppositions to what the corporate media calls “political violence.”

This is another case of people failing the Bastiat test–looking only at the bare surface level of such a policy, and failing to account for its secondary effects.

Worse yet, these oppositions actually seem to preach from a moral perspective, and not merely a strategic one. Yet another blundering oversight.

Because what kinds of activities do you have to disavow in order to oppose “political violence?”

Categories
Political Video Link

Free Speech Needs Decentralization

Governments are attacking free speech and privacy hard these days. We’ve got horrifying anti-speech laws in the U.K., Telegram CEO Pavel Durov arrested in France, and threats coming from governments all around that people who create platforms that make privacy accessible to regular people will be blamed and jailed for the actions of others.

We even have a Vice Presidential candidate here in the U.S. who has said, “no guarantee to free speech on misinformation or hate speech.”

There are all kinds of problems with these actions, and people need to fight back to hold onto their free speech rights and privacy.

Categories
Economics Essay Philosophy Political Video Link

There’s Always Another Awful Idea…

I was inspired by part of a Lew Rockwell speech that was posted at the Mises Institute website last week!

Today, I’m talking about the dangers of positivism in economics. Basically, in complex systems like the economy, you need a logical, causal framework to evaluate ideas. A purely positivist (i.e., each idea must be tested empirically) approach can be disastrous.

Why? Because empirical testing of uncontrolled systems can lead to counterintuitive and non-generalizable results!

The temptation to fiddle endlessly becomes a source of wealth for the fiddler and a source of poverty for everybody else.

Not only are there unlimited legions of bad ideas to “test,” there are an equally unlimited number of statistical tests to apply to the subsequent data, and a finite confidence interval means some of those statistical tests will give you false positives!

Anyway, check out the video up top, and the show notes here.

This video is available on Odysee and BitChute.