Saturday, May 14, 2016

Brainstorm: Murphy vs Day

I'm pleased to announce that on Friday, June 17th at 7 PM Eastern, Brainstorm and the Tom Woods Show will be co-hosting an all-Austrian free trade debate between the well-known Austrian School economist Robert Murphy and Austrian School heretic Vox Day. The debate will be moderated by the noted Austrian School economist Thomas Woods.

It's too soon to open registrations, but as always, Brainstorm members will have first crack at seats to the event. A transcript will be made available to Brainstorm members and the audio will be available via the Tom Woods Show.

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Anonymous DissidentRight May 14, 2016 2:45 PM  

You made my day!

Anonymous RS May 14, 2016 2:47 PM  

Christmas in May. Never been this excited about a podcast.

Blogger #7139 May 14, 2016 3:14 PM  

I will be looking forward to this.

Blogger Shimshon May 14, 2016 3:14 PM  

I think Robert "Zombie" Murphy must attend in full Zombie regalia.

Blogger LP9 Forever Solidified in Gold! Rin Integra S.I.G. May 14, 2016 3:16 PM  

So awesome! as I've followed Thomas Woods work plus Vox and Murphy, wow, just so great! Carry on Gentlemen in my stead.

Blogger VFM #7191 May 14, 2016 3:38 PM  

I'm really excited about this!

Blogger Shimshon May 14, 2016 3:40 PM  

For those who have never heard Tom Woods speak before, or even if you have, I highly recommend his fantastic speech at Ron Paul's Rally for the Republic in 2008.

Blogger praetorian May 14, 2016 4:11 PM  

my face the last few weeks reading vp...

Blogger Gapeseed May 14, 2016 5:38 PM  


Blogger Guitar Man May 14, 2016 5:43 PM  


Blogger tz May 14, 2016 6:19 PM  


Blogger Nick S May 14, 2016 6:20 PM  

Who's the bookmaker (no pun intended) for this showdown?

Blogger tz May 14, 2016 6:23 PM  

I remember going through the Contra Krugman podcast on "Globalism" and they used the same arguments Vox already had answers for.
I hope both sides study so don't spend too much time defining things.

Blogger tz May 14, 2016 6:26 PM  

Woods should dress formally as a Vampire,
Vox as the Alpha Wolf-man,
and Murphy as the Zombie.

Blogger tz May 14, 2016 6:31 PM  

One problem that hasn't been focused is if there are lots of -2SD people around that used to have productive blue collar jobs, but now there is no bottom rung (nor would there be even if all the limiting regulations were removed) that the only options are charity or starvation, is it not better to have them gainfully employed and contributing (and allowing for moms to stay at home) at the literal expense of junk from wal-mart?
Making $25/hr with $10 T-shirts v.s. Costing (charity or taxpayers) $5/hr with $3 t-Shirts.

There's always Soylent Green option, or Mrs. Lovetts who can employ not just illegals in her burritos, but useless eaters in her meat-pies.

Blogger Josh May 14, 2016 6:47 PM  

This is outstanding news

Blogger tz May 14, 2016 6:48 PM  

Also not brought up is if it is moral to buy "stolen merchandise", my "t-shirts shoplifted from wal-mart are even cheaper" example. If trade is "free" in the sense that antecedent transactions might violate the NAP or worse, but I'm only allowed to consider the final transaction, why not?

Blogger tz May 14, 2016 6:53 PM  

I think Woods is an historian, not an economist.

Anonymous Freestater May 14, 2016 7:32 PM  

Excellent. I'm a big fan of Murphy. I read his 200 page crib note version of Man, Economy, and State, years ago when it first came out. He is a first rate Austrian Scholar.

Blogger newanubis May 14, 2016 11:06 PM  

Bwahahah! Nicely done

Blogger newanubis May 14, 2016 11:08 PM  

Lets make dialectic debate great again. You made my vox,

Blogger Jon M May 15, 2016 2:41 AM  

Man Murphy is good, but has his weaknesses. It'll be interesting to see how Vox handles him. Really looking forward to hearing this one.

Anonymous TS May 15, 2016 2:45 AM  

@22. Ditto. It's good that Vox is taking them on. Globalism and Libertarianism are not compatible and libertarians are fooling themselves if they think they can't usher in some sort of global libertarianism.

Blogger crazyivan498 May 15, 2016 8:58 AM  

I am excited to hear about this debate as well. Very cool

Blogger Unknown May 15, 2016 5:11 PM  

I am still not impressed with Vox's argument on free trade. Nowhere does he make it clear why government should be able to ban you from trading as you please. Without a justification, only free people should be able to do that (and based on the arguments should probably do so in certain cases).

I do understand that in the current environment it could of course be viewed as righting a wrong government policy. So based on that I think Vox still has a chance to win the debate. I hope Murphy prepares well so we won't hear the repeats of the same old.

Blogger Sir Wulf May 16, 2016 12:05 AM  

This comment has been removed by the author.

Blogger Sir Wulf May 16, 2016 12:07 AM  

I'm eager to hear this debate. While I'm definitely a "free trade guy", I have found Vox's economic arguments very interesting.

Blogger Sir Wulf May 16, 2016 12:08 AM  

(Amended slightly...)
Re. 17: An attempt at “free trade in stolen goods” wouldn't win many supporters. Most adherents of Austrian School economics consider enforcement of property rights a legitimate function of government. They may not consider modern trademark, patent, and copyright law to be acceptable (since intellectual property rights have expanded manyfold from the limited protections allowed prior to the 20th Century), but enforcing liability for straightforward theft is less ambiguous.

Re. 15: Austrian free-market solutions for the problem of displaced or “unemployable” workers depend on the unpalatable idea that labor must be treated as a commodity like any other. If you drive up the cost of labor with wage restrictions, intrusive regulation, taxes, and union restrictions, you prevent demand from ever matching the supply.

Adding to the problem, central bank measures meant to prevent deflation keep prices from dropping to match reduced resources in a community. Afraid that dropping prices will cause the economy to implode, Keynesian economists advocate that the economy be “propped up” through manipulation of the currency supply. This prevents the painful, but necessary, adjustment that would bring prices and available resources into accord. Of course, currency supply manipulation eventually triggers a price bubble, leading to the sort of upheavals we saw in 2008.

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