Відео

God bless dear General Joseph Dunford ❤❤

Mill libertad de pensamiento y libertad de.discusion

how could i get the book he is reading ?

Authoritarianism at its finest.

Great lecture ❤

This guy is a very bad person. Such contempt for people that finally have a place to share their opinions.

1. The speaker introduces the topic of the lecture, which is about entrepreneurs and rent-seeking. They explain that profits are often viewed negatively in society, but they are actually a reward for entrepreneurship and creating new products that people are willing to pay more for than the cost of production. 2. The speaker presents an equation for profits, which is the price of the output minus the cost of the inputs (capital and labor). They explain that profits are what's left over after revenues are subtracted from costs. 3. The speaker argues that profits are a sign that value is being created in the economy. They define an entrepreneur as someone who organizes or operates a business, taking on financial risk to do so. 4. The speaker contrasts entrepreneurs with political entrepreneurs, or rent seekers, who use government funds and sell to the government in the form of subsidies. They argue that this reduces risk for the political entrepreneur, but hurts taxpayers. 5. The speaker gives the example of Germany's subsidies for solar power, which they argue were a waste of money because the solar panels were not efficient and Germany is not a suitable location for solar power. They argue that this was sold to the government by political entrepreneurs and did not face the "profit test." 6. The speaker defines the profit test as more value being created than is being used up in the cost of inputs. They argue that electric cars, which are heavily subsidized, may not be creating value because they do not have to face the profit test. 7. The speaker distinguishes between market entrepreneurs, who build their business with private funds and sell to consumers, and political entrepreneurs, who lobby government officials. They argue that market entrepreneurs succeed by giving the public useful goods or services at a good price, while political entrepreneurs benefit from subsidies and restrictions on competition. 8. The speaker gives the example of the "main gear," a Saxon word for a trader who buys and resells goods at a profit. They argue that this type of entrepreneurship is risky, but can create value if the goods are being sold for more than the cost of acquisition and transportation. 9. The speaker tells a story about a "Verger" who was fired from his job at a church because he could not read or write. The Verger then opened a tobacco shop on a busy street that did not have one, and was successful. He eventually opened multiple shops and amassed a large fortune, despite not being able to read or write. The speaker argues that this shows that entrepreneurs do not have to be very smart, but rather have to create value and pass the profit test. 10. The speaker discusses the concept of rent seeking, which is the act of seeking to increase one's share of existing wealth without creating new wealth. They argue that this is often done by lobbying for subsidies or restrictions on competition. 11. The speaker discusses the difference between profit seeking and rent seeking, arguing that profit seeking is about serving consumers and creating value, while rent seeking is about keeping competitors out and transferring wealth. 12. The speaker gives the example of Robert Fulton, who was a successful engineer and market entrepreneur, but became a rent seeker by lobbying for a patent that would give him an exclusive right to provide steamboat services. They argue that this was ultimately unsuccessful, as the Supreme Court ruled that the state of New York could not regulate interstate commerce and outlawed rent seeking. 13. The speaker discusses the concept of the median voter, which is the middle preference in a distribution of preferences. They argue that in a democracy, political power lies at the center of the distribution of preferences, and that the median voter is where choices are made. 14. The speaker argues that politics is inherently resistant to changes in the ideas of just a few individuals, and that this can be a good thing because it means that the system is not easily swayed by fringe ideas. However, they also argue that this means that politics is not good at innovation, as innovation always takes place on the fringes. 15. The speaker argues that the profit test is necessary for determining which technologies are successful, as it shows that people are willing to pay more for the product than it costs to produce. They argue that the median voter is not good at choosing technologies, and that we need changes on the fringes to drive innovation. 16. The speaker discusses the concept of subjective value, which is the idea that value is determined by individual preferences and is not objective. They give the example of the "pet rock," which was a fad in the 1970s where people bought rocks as pets. They argue that while the pet rock may not have had objective value, it created subjective value for people who bought it, as they were willing to pay more for it than it cost to produce. 17. The speaker argues that the profit test is the best way to determine if a product is creating value, as it shows that people are willing to pay more for it than it costs to produce. They argue that the only other choice is politics, which they argue is a worse choice because it relies on the median voter, who may not be well-informed and is using other people's money to make decisions. 18. The speaker concludes by summarizing the three mechanisms for making choices: markets, which use the profit test; rent seekers, who use the rent or subsidy test and appeal to politics; and politics, which uses the median voter test. They argue that all of these systems are imperfect and can lead to trouble if relied on too heavily in the wrong circumstances.

Defund all universities

"Regulation is necessary for free speech" "Shoes are necessary for walking barefoot" "Freedom is slavery" "War is peace"

I think we go ahead and continue with the legal framework currently existing in the United States. Yeah. Thats all. No more government solutions. Sorry. Adding more of that, in my entire lifetime, has only had a couple of outcomes. It fails for the people. But it always does so in such a way that the powerful people/entities of extreme wealth come out better than the rest of us! Id rather NOT see a French-esc Revolutionary period...

Professor Michael Munger's voice captivating.

Note 54:00 - the American thought Putin was a good example of a "bad actor". He would never be able to imagine that Biden might be a good example.

Even universities are integrated with social media. That workbook called 30 Days Without Social Media should be passed out like candy. Everyone needs a long break from online influences.

General scientific policy for illegally activate controlling and globally development and globally trade value chain

5:15 5:18 5:19

There's policy attacks to finishing COUNTRIES controlling without general scientific and after attacks to general scientific life finishing controlling energy power technology digital ecosystem research of general scientific and all finishing COUNTRIES

For finishing COUNTRIES and others from general scientific said to there's COUNTRIES order legally documents not available

All subject illegally not related general scientific globally peace without general scientific and documents approval

🤨🧐⚖️🌐 WHEN WILL JUSTICE BE SERVED TO REMOVE and PUNISH UNDER USA🇺🇸⚖️ LAWS ANY and ALL PRESIDENTS , CONGRESSMEN, DOJ OFFICIALS, LOBBYISTS, CITIZENS, and USA MILITARY PERSONNEL CAUGHT VIOLATING AND HARMING OUR::: ✴️USA🇺🇸📜 CONSTITUTION ✴️USA🇺🇸 CITIZENS HUMAN RIGHTS ✴️USA FINANCIAL GOVT BANK ✴️USA DEPT OF JUSTICE PROTOCOLS ✴️ROGUE ACTIVE USA MILITARY PERSONNEL ATTACKING OUR OWN USA🇺🇸 CITIZENS WITHOUT JUST CAUSE... ✴️USA🇺🇸 ABOVE ACTIVELY DOING RICO ACTIVITIES INSIDE OF GOVT TO SPECIFICALLY EXPLOIT THE USA 🇺🇸 GOVT AND ITS USA 🇺🇸 CITIZENS ??

The Schism wouldn't work. Why? The whole point of the Social Justice telos is to shove it down non-believers throats. "If free-thinking white men went to Truth U., who would we shoot false rape accusations at? Who would we force to take diversity training courses?" The wailing and gnashing of teeth from women and emasculated, noodle-armed, fully- neutered, white-knight gender studies majors would be deafening.

Love you I'm also political science student

Very insightful

Oooooh. We're scared.

Excellent.

If rent seeking invests in lobbyists and sells to the government, where does land speculation fall? Does land pass the profit test?

Great talk. Very predictive of the future we are in 2024.

Honestly, does anybody want white people? Besides mothers and fathers who have little white babies. Do they even deserve love?

Great lectures as the usual, by a great professor. Obs : Ibn Khaldoun was not egyptian. He was a North African Amazigh. He died in Egypt, but he was born in Tunisia. Some say the origins of his family are in Yemen, but that's highly unlikely..

7:22 lmao, this is quite literally *exactly* what the United States military and American contractors did in Iraq.

Extremely valuable contribution to the big issues dividing the Academy today. Haidt’s book The Righteous Mind was my best read of 2023. He’s a gifted communicator who balances rigorous research with accessible discourse 💯

My problem with big or small government arguments is that they are also reductive. Governments can be big efficient or big inefficient, big controlling and big non-controlling, big representative, big not representative, big democratic, big not democratic. The last one is the more important one, the big small argument dispenses of the whole idea of democracy. It is assumed that governments are bad because they do not represent the interests of the people, which is in my mind not a very smart thought process, since in that case what you would want is the government to become more democratic and representative, not simply eliminate it. The big equals bad unwittingly turns democracy into a naïve concept, and I think this is a dangerous confusion. It also escapes me how libertarians ("liberals" in this talk) do not see that a society largely running itself puts democracy at the hands of society in the wild, in the wild meaning without institutions to negotiate power formally and in an organised fashion. If you really want to follow her advice of listening and being open please take this into account: there are no formulas, big or small do not automatically lead to good or bad outcomes, things are complex, dependent on history, current and evolving social attitudes and values that form the sociocultural infrastructure that either can or can't support equality, democracy and representativeness. This infrastructure cannot come from the free-will or agency of anyone in particular, it is an emergent phenomenon. Economical and political phenomena are always multivariate and ever changing, no political identity or economical formula can substitute observing, thinking and adapting. This is not physics where they have laws.

I very much like the lecture, the professor is rich in knowledge and expression of fact.

7:21 that does not follow from that. following from that logic would be to continuesly employ ppl in areas where we are pretty certain that the produced commodity will be used in the future (railways, houses, even pencils). creating (potential) prosperity for the future while circulating the money and strenghening the economy. this is also perfectly in line with what keynesian economics or the MMT would prescribe BUT would obviously lend itself even more to a planned economy

Please I'm O level certificate holder from Nigeria 🇳🇬. I'm looking for abroad scholarship educational scheme to further my education🙏.

Please I'm O level certificate holder from Nigeria 🇳🇬. I'm looking for abroad scholarship educational scheme to further my education🙏.

At 31 minutes in we learn that the whole world is laughing at America. I think I speak on behalf of the rest of the world that we've been laughing at you a whole lot longer than this... Great job on keeping up the comedy routine but we all wish you'd really just go hide in a hole rather than infect everything with your stupidity.... Thank you!

thanks

Muslims wearing masks or you have no faith in God and trust Bill Gates instead. David French is evil and goes nowhere on the internet with his comment section turned on for fear of Christians confronting him.

Is the right to vote a natural liberty?

Scammers are really ruining your reputation. If you only knew. Many many generals are at high risk. Something needs to be done.

Duke in Germany mean Smart Roof😂# Extruder machine

Duke = NL EE = only in NL

Neerken lern (ee is ee =NL Name)

Golden Point - All Armies are to ensure that all workers employed for any job are to do the job that they have been employed to do fully as per the agreement and all at Emmy's Expense ( IMF ) ( Azp )

Golden Point - All businesses ie even small part business like food cart like Mehmood are to get all the staff and other things that they need or want to run the business and all at Emmy's Expense ( IMF ) ( Azp )

Will send my copy of orders later as Amazon deleted a lot of the orders

Sent Amazon Orders record that Amazon is giving

i don't mean to digress from the main point but i love the intro beat fr

Phenomenal lecture. Remarkably prophetic. Everyone should take time to watch this!

The cia is a terrorist organization that kills its own citizens