The Austrian Circle

Austrian Circle 30: Regulations and The Illusion of Control

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0030.mp3 [https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0030.mp3] Regulations seem to be the answer to “keep business in check”. But does it actually achieve that goal? Do we only think that we can control people’s behavior by law, when the actual result is the overall corporate abuse that we tried to limit or eliminate through regulation in the first place?

Austrian Circle 29: The Problem with Presidents

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0029.mp3 [https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0029.mp3] Presidents generally blame their lack of control over other people’s lives as THE problem. They constantly seek more and more control and authority over the affairs of people all over the entire world, while their interventions are what causes the very problems they claim now require more intervention! Here, we review the three major candidates and the problems with political action in general.

Austrian Circle 28: Capitalism Gave Birth to the Modern Family

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0028.mp3 [https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0028.mp3] Being able to stay home with children is the result of capitalism and the resulting economic prosperity that inevitably occurs. Labor saving devices and capital accumulation gave families the surplus wealth to keep most of their family at home or at school. Human history is the sad story of parents and children having to work and toil all the time in order to get just enough money for subsistence; capitalism has changed all of that.

Austrian Circle 27: Student Loans and College Costs – A Central Planning Failure

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0027.mp3 [https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0027.mp3] Student loans today are not being paid back by borrowers, and colleges are incredibly expensive. Austrian Circle takes a look at the interventionism and central planning that caused these problems and how the market is our best way available to best allocate our resources towards customer demand.

Austrian Circle 26: The Role of Entrepreneurs

https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0026.mp3 [https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0026.mp3] Entrepreneurs help allocate resources towards the most highly valued ends of consumers amidst the uncertainty of the future. They take a resource or tool away from a less desired process of production and allocates it instead towards what consumers want more. They engage in a constantly adjusting process of feedback/communication whereby those who do well receive more monetary gain while those who do not suffer financial punishment.