Monopoly and Competition | Thomas J. DiLorenzo

Presented by Thomas J. DiLorenzo at the 2010 Mises University. Includes an introduction by Mark Thornton.

[@cabgt]

@successfulbuild You need a degree to be right? Paul Krugman is always right is he? Lol. I think you don't understand free market capitalism and Austrian Economics. Do some research if you're academically minded prior to making silly comments on here that only destroy your own credibility.

[@NicosMind]

Ive listened to Rothbard talking about monopoloies and cartels. Its entertaining and informative

[@12Tamtui]

Thomas DiLorenzo is the man, but he could stand to work on his penmanship bwaahahahahaha. I have never seen such chicken scratch lol. On a serious note, this was a wonderfully insightful presentation.

[@JETZcorp]

I don't think I could ever be an economist. My handwriting isn't bad enough to meet the standard of these great legends. :-P

[@grraadd]

Coke recipe (0:23:30) for you: sugary water (corn syrup) plus salt to make drinkers thirsty. Beauty is in simplicity ;-)

[@RohoSombrero]

I love it when crazy people pushing ideas that have been debunked over and over again call everyone else crazy. Nuts gotta nut I guess.

[@CarterColeisInfamous]

39:00 everything seeks the normal

[@uttles]

These are excellent videos!!!

[@Tehownilator]

No no. What DiLorenzo is pointing to is the same case made by all Austrians and was completely well founded from the beginning with Mises. The fact is that effecting policy based on open-ended resolutions creates opportunism. Once these policies gain ground and influence in actual policy making, they can never cease due to the fact that we can always demand more of anything. This is all based on the widespread Socialist notion that society lives statically. Of course, its dynamic.

[@eggory]

I think DiLorenzo is making the wrong case. He keeps saying that comparing to perfection is a logical error that prevents Keynesians from appretiating the economics of reality. But comparing to perfection is just a general way to stay on the improve. The problem is how they're getting there. Ideal market = ideal competition = complete homogeneity for its own sake = we should disincentivize innovation. That is what makes absolutely no sense.

[@Panax07]

@KSTCBH23 Ah yes the Al Gore argument. "My concept has been proven, therefore the debate is over." If you are so confident that the debate is over, why are you reluctant explain why you won before the fight even started.

[@PumpkinJoe999]

@successfulbuild "who shouldn't even write about history given his degree in economics" Really, would you please present your B.A. in internet trolling sir.

[@TheEp77]

woopedy doo! he may utilize sources from the era but his arguments are weak from his nit picking of evidence that fits in with his arguments but dismisses evidence that refutes his arguments