Showing posts with label New York. Show all posts
Showing posts with label New York. Show all posts
Wednesday, November 6, 2013
Saturday, September 28, 2013
Sunday, November 14, 2010
Liberty: The Soul of New York
Liberty: The Soul of New York by Alex Merced
Many don't the associate New York as a bastion of liberty, with it's vast state controls over wages and rents, and it's cumbersome taxes and regulations on local business. No one thinks of New York as a home of freedom when it's the home of most detrimental of Federal Reserve District Banks, the New York Branch which carries out the asset purchases that destroy our currency and prosperity as it diminishes away. New York is often considered a shadow of the land that was once this nations capital as business flees to greener pastures domestic and abroad, although it wasn't always this way. New York has been the home of many of the greatest individuals in American history who've done a lot to further the cause of Liberty, Peace, and Sound money. New York was home to the greatest U.S. president (Martin Van Buren), and the greatest economist (Murray N. Rothbard).
The Little Magician - Martin Van Buren
Most presidents revered in history are those who against the principles of Liberty and Small government grew the power of the executive branch and breeded conflict into war, Martin Van Buren was none of these things often charachterized as weak by historians. In my view, his willingness to seek peace and stick to principles was his greatest strength. As Andrew Jacsons vice president he helped prevent a conflict with france, and then avoided two more conflicts with Mexico and Britain as president. While someones nationalists senses may say Van buren should of entered these conflicts, the preservation of life that occurs from his willingness to take pause and clarity is something we must appreciate.
While the economy entered a massively painful restructuring from Andrew Jackson rejecting to renew the charter of the Second US Bank, instead of preventing this restructuring Martin Van Buren finished the work towards free banking that Andrew Jackson began. His willingness to allow the needed corrections to occur to have a sustainable economic environment is possibly his greatest achievement, leading to multiple periods of Growth AND Deflation (late 1830s-early 1840s and the 1870s). While no good deed goes unpunished, Van Buren was not re-elected even being rejected by his former president, Andrew Jackson, for his unwillingness to spill american blood to annex Texas. He later on joined the abolitionist party, The Free Soil Party, in which he later carried on a nother failed bid for the presidency.
The Greatest Economist - Murray N. Rothbard
Murray N. Rothbard who was born and raised in the Bronx, is one of the most influential economist in the last century. While he may not be as revered by establishment economist as such enemies to liberty like John Maynard Keyenes, Rothbard was instrumental in the revival Misesian Austrian Economics most pivotal was his treatise on the topic, "Man, Economy, and State". To this day, in his short life the amoung of work done in economic thoughts, history, theory, and more dwarfs what most eonomists accomplish in a lifetime. He leaves behind a veritable library of work for the Liberty minded fellow to strengthen their convictions and sharpen their arguments to a free world.
Many don't the associate New York as a bastion of liberty, with it's vast state controls over wages and rents, and it's cumbersome taxes and regulations on local business. No one thinks of New York as a home of freedom when it's the home of most detrimental of Federal Reserve District Banks, the New York Branch which carries out the asset purchases that destroy our currency and prosperity as it diminishes away. New York is often considered a shadow of the land that was once this nations capital as business flees to greener pastures domestic and abroad, although it wasn't always this way. New York has been the home of many of the greatest individuals in American history who've done a lot to further the cause of Liberty, Peace, and Sound money. New York was home to the greatest U.S. president (Martin Van Buren), and the greatest economist (Murray N. Rothbard).
The Little Magician - Martin Van Buren
Most presidents revered in history are those who against the principles of Liberty and Small government grew the power of the executive branch and breeded conflict into war, Martin Van Buren was none of these things often charachterized as weak by historians. In my view, his willingness to seek peace and stick to principles was his greatest strength. As Andrew Jacsons vice president he helped prevent a conflict with france, and then avoided two more conflicts with Mexico and Britain as president. While someones nationalists senses may say Van buren should of entered these conflicts, the preservation of life that occurs from his willingness to take pause and clarity is something we must appreciate.
While the economy entered a massively painful restructuring from Andrew Jackson rejecting to renew the charter of the Second US Bank, instead of preventing this restructuring Martin Van Buren finished the work towards free banking that Andrew Jackson began. His willingness to allow the needed corrections to occur to have a sustainable economic environment is possibly his greatest achievement, leading to multiple periods of Growth AND Deflation (late 1830s-early 1840s and the 1870s). While no good deed goes unpunished, Van Buren was not re-elected even being rejected by his former president, Andrew Jackson, for his unwillingness to spill american blood to annex Texas. He later on joined the abolitionist party, The Free Soil Party, in which he later carried on a nother failed bid for the presidency.
The Greatest Economist - Murray N. Rothbard
Murray N. Rothbard who was born and raised in the Bronx, is one of the most influential economist in the last century. While he may not be as revered by establishment economist as such enemies to liberty like John Maynard Keyenes, Rothbard was instrumental in the revival Misesian Austrian Economics most pivotal was his treatise on the topic, "Man, Economy, and State". To this day, in his short life the amoung of work done in economic thoughts, history, theory, and more dwarfs what most eonomists accomplish in a lifetime. He leaves behind a veritable library of work for the Liberty minded fellow to strengthen their convictions and sharpen their arguments to a free world.
Monday, April 5, 2010
New York Shoots itself in the Foot
This is a Response to this New York Times Article:
If you havn't seen my video on the Fallacy of Progressive Logic then I recommend you watch it to get a better appreciation for the frustration I have over the actions against "Illegal" internships which has several problematic assumptions...
1) An Intern can't REPLACE a job - Now while I've intervied, hired, and overseen academic marketing interships for Shane&Shawn and Greico Financial Training, I can safely say an intern can't replace specialized and skill labor. A business doesn't get applicants with the same experience level and skill that someone who can demand a wage brings, and the business and it's production would suffer if it were to attempt such a replacement. This drop in productivity and returns is punishment enough for such a poor business decision.
I doubt many would make this decision unless the market is already putting downward pressure on production costs in which case that jobs wouldn't exist much longer anyways. The sooner job losses occur in an economic adjustment, the sooner the capital tied up in that unproductive job can put to more productive means creating jobs somewhere else. Why would i say the job is unproductive? If the job were productive it would produce more value than it costs meaning there would be no reason to cut it. The interships I've overseen were productive exercises that helped developed skill and experience for those who participated in them who went to greater things.
2) This hurts the Adjusting Labor Force - You have two categories of people who are going through a pain ful adjustment...
College Graduates - This new crop of laborers are overwhelmed by the lack of experience and skills in an overcrowded labor market, meaning they must develop the skills and experience to demand a wage. If the amount of internships is violently reduced then less graduates can enter the labor market and climb up the wage ladder, since the surplus of skilled labor from layoffs pushes the price of unskilled/unexperience labor below the minimum wage, meaning the only other way to enter is through interships since no middle ground is allowed.
Layoffs from Shrinking Industries - This skilled and experienced labor faces a different problem, a lack of jobs that need their current skill set meaning they must develop a new one. The cost and time of education much of the time can be cost prohibitive but an unpaid internship can often be the cheapest method to develop new experience and skills to enter growing markets after overinvesting in a shriking one.
Just the threat of sanctions for "illegal internships" would severly discourage the supply of internships for these groups to have a speedier transition in this adjustment period. Again, while these groups adjust to a changing demand for labor the capital saved by businesses in certain tasks helps spur investment in growing areas meaning for new jobs to put these new skills and experience to use in.
3) Everyone is volunteering - If unpaid interns are putting long hours and handling what may be handeled by someone at some wage, then the effective market price for the labor is... 0. In that case to force an employer to pay more would be price fixing above the market price which will cause a surplus in labor (aka unemployment). Also to prevent voluntary labor at any price is just a violation of someones liberty.
If you havn't seen my video on the Fallacy of Progressive Logic then I recommend you watch it to get a better appreciation for the frustration I have over the actions against "Illegal" internships which has several problematic assumptions...
1) An Intern can't REPLACE a job - Now while I've intervied, hired, and overseen academic marketing interships for Shane&Shawn and Greico Financial Training, I can safely say an intern can't replace specialized and skill labor. A business doesn't get applicants with the same experience level and skill that someone who can demand a wage brings, and the business and it's production would suffer if it were to attempt such a replacement. This drop in productivity and returns is punishment enough for such a poor business decision.
I doubt many would make this decision unless the market is already putting downward pressure on production costs in which case that jobs wouldn't exist much longer anyways. The sooner job losses occur in an economic adjustment, the sooner the capital tied up in that unproductive job can put to more productive means creating jobs somewhere else. Why would i say the job is unproductive? If the job were productive it would produce more value than it costs meaning there would be no reason to cut it. The interships I've overseen were productive exercises that helped developed skill and experience for those who participated in them who went to greater things.
2) This hurts the Adjusting Labor Force - You have two categories of people who are going through a pain ful adjustment...
College Graduates - This new crop of laborers are overwhelmed by the lack of experience and skills in an overcrowded labor market, meaning they must develop the skills and experience to demand a wage. If the amount of internships is violently reduced then less graduates can enter the labor market and climb up the wage ladder, since the surplus of skilled labor from layoffs pushes the price of unskilled/unexperience labor below the minimum wage, meaning the only other way to enter is through interships since no middle ground is allowed.
Layoffs from Shrinking Industries - This skilled and experienced labor faces a different problem, a lack of jobs that need their current skill set meaning they must develop a new one. The cost and time of education much of the time can be cost prohibitive but an unpaid internship can often be the cheapest method to develop new experience and skills to enter growing markets after overinvesting in a shriking one.
Just the threat of sanctions for "illegal internships" would severly discourage the supply of internships for these groups to have a speedier transition in this adjustment period. Again, while these groups adjust to a changing demand for labor the capital saved by businesses in certain tasks helps spur investment in growing areas meaning for new jobs to put these new skills and experience to use in.
3) Everyone is volunteering - If unpaid interns are putting long hours and handling what may be handeled by someone at some wage, then the effective market price for the labor is... 0. In that case to force an employer to pay more would be price fixing above the market price which will cause a surplus in labor (aka unemployment). Also to prevent voluntary labor at any price is just a violation of someones liberty.
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