Libertarian Mind Flashcards

1
Q

What are some government infringements of liberty?

A

Government takes as much as half the money we earn. It tells us where to send our children to school and how to save for retirement. It tells us what we may eat, drink, smoke, use, do, and buy. It tells us whether we may marry the person we love. It tells us who we may sell to and buy from.

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2
Q

What is Libertarianism according to David Boaz?

A

Libertarianism is the view that each person has the right to live his life in any way he chooses so long as he respects the equal rights of others.

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3
Q

How are human relationships viewed by libertarians (Boaz)?

A

In the libertarian view, all human relationships should be voluntary.

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4
Q

When do governments become rights violators? How does this limit them?

A

The same way any other person or group of people do. When governments use force against people who have not violated the rights of others, the governments themselves become rights violators. Thus government actions such as censorship, the draft, price controls, confiscation of property, and intrusion into our personal and economic lives should not be allowed.

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5
Q

What is Lord Acton’s Dictum?

A

“Power tends to corrupt and absolute power corrupts absolutely.”

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6
Q

According to John Locke, what is the role of the government? How does he describe rights? When are the people justified in revolting against their government?

A

The role of the government is to protect individual’s rights, which he describes in terms of property rights. He adds that if government exceeds that role, people are justified in revolting.

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7
Q

What happens to prejudices when you allow people to trade freely?

A

The prejudices take second place to self-interest

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8
Q

What is the quote about benevolence and the free market? Explain it.

A

“it is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” This is because, in order to sell something for money, a person must figure out what others would like to have.

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9
Q

What is the theory of spontaneous order?

A

That if individuals are allowed to interact freely with each other, with their rights to liberty and property protected, then order will emerge without central direction.

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10
Q

Why do people form governments?

A

To protect the rights they already possess (life and property)

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11
Q

Why is it not true that the “right to life” means that everyone has a fundamental right to the necessities of life: food, clothing, shelter, medical care, maybe even an eight-hour day and two weeks vacation.

A

Because if the right to life means that, then it means that one person has a right to force other people to give him things, violating their equal rights.

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12
Q

What does the right to life really mean?

A

The right to life means that each person has the right to do whatever they want with their life, and to do whatever they need to do to improve it, preserve it, and protect it, as long as what they do does not infringe on the rights of anyone who is not actively attacking or legitimately threatening to attack them.

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13
Q

What is the car robbery attack on democracy? Does this mean we should do away with democracy?

A

If a robber “votes” to steal your care is it right? If two robbers “vote” to steal your care is it right? ten? 100 and you get to vote as well? 1000 and they plan on selling it to buy everyone their own bicycle? At what number does robbery turn into the democratic right of the majority? The answer, never. Does this mean we should do away with democracy? Of course not, it just proves that democracy is not enough to justify any form of wealth redistribution no matter how small or how beneficial.

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14
Q

When is it ok for welfare and redistribution of wealth to take place.

A

When it is entirely voluntary. The best example of this being charity.

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15
Q

Why can’t housing or education be a universal right?

A

Because their is a limited amount of housing and education to go around. For the government to give it one additional person must mean to take it (or something else) away from someone else.

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16
Q

What is property according to Boaz?

A

Property is anything that people can use, control, or dispose of. A property right means the freedom to use, control, of an object or entity.

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17
Q

Why are property rights important?

A

To feed ourselves, or provide shelter for our families, or open a business, we must make use of property. And for people to be willing to save and invest, we need to be confident that our property rights are legally secure, that someone else can’t come and confiscate the wealth we’ve created.

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18
Q

What are property rights based in?

A

Our self-ownership, and from it the fact that when we mix our labor with something unowned, untouched and unused it becomes ours, and our right to engage in voluntary trades (including gift giving) with anyone who wants to trade with us.

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19
Q

How may a person dispose of property?

A

Any way they want, as long as it doesn’t infringe on anyone else’s life or property rights.

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20
Q

What does Nozick believe is required to prevent inequality in wealth?

A

You would have to forbid capitalist acts (free trade and any other behavior in which all actors consent) between consenting adults.

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21
Q

What is the non-aggression principle?

A

No one (including anyone in the government) has the right to initiate aggression against the person or property of anyone else, except for when it is done to prevent injury

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22
Q

In other words, what does the non-aggression principle state?

A

It is wrong to violate (or threaten to violate) the rights of another person who has not themself used or threatened force.

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23
Q

What is conscription? What does no group of people have the right to force others to do?

A

Temporary slavery. No group of people has the right to force another group to give up a year or two of their lives–and possibly life itself–without their consent.

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24
Q

When will people voluntarily defend a country?

A

People will voluntarily defend a country if it is worth defending. If a person does not believe the country is worth dying for, they will not fight and it will cease to exist. If a person does believe their country is worth dying for, then it will survive.

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25
Q

Does anyone have the right to prevent another person from expressing his thoughts and trying to persuade others of his opinions?

A

No, and if someone doesn’t want to read specific books or listen to specific media or watch specific shows, they don’t have to, but they have no right to prevent others from making their own choice.

26
Q

According to Locke, what is the purpose of law? What does it ensure?

A

It is not to abolish or restrain, but to preserve and enlarge freedom:.. where there is no law, there is no freedom.” Law ensures that people are not “subject to the arbitrary will of another” and are free to do as they choose with their own person and property.

27
Q

What are three aspects of Hayek’s principle of the rule of law?

A
  1. They should be general and abstract, not intended to command specific actions by citizens. 2. They should be known and certain, so that citizens can know in advance that their actions comply with the law. 3. They should apply equally to all persons.
28
Q

What did the Framers intend by “general welfare?”

A

They were making it clear that the government must act in the interest of all, not on behalf of any particular person or group–but virtually everything Congress does today involves taking money from some people to give it to others.

29
Q

What percentage of people in federal prison are their on drug charges?

A

About 45%.

30
Q

How many unique federal crimes exist on the books?

A

There are at least 5,000 federal criminal laws, with 10,000 - 300,000 regulations that can be enforced criminally.

31
Q

How many crimes does the average american break everyday

A

three

32
Q

Is charity the answer to how a free society will help the poor? What are the other three ways?

A

Charity plays an important role in a free society. But it is not the answer to the question of how a free society will help the poor. The first answer to that question is that by dramatically increasing and spreading wealth, a free economy eases and even eliminates poverty. The second answer is that it will remove the poverty trap created by taxation that stymies job creation, and the welfare system that makes long-term dependency possible. The third answer is mutual aid: people banding together not to help the less fortunate but to help themselves through times of trouble.

33
Q

How are poor people today wealthier than the vast majority of people who have ever lived?

A

They are warmer in the winter (central heating) and cooler in the summer (air conditioning), they get information faster and more reliable, they can get to any destination more quickly and comfortably, they have access to better medical care, can see better and have better teeth than the vast majority of people who have ever lived on this planet, and we can summon an uncountable number performers at the push of a button.

34
Q

What is the primary consequence of the minimum wage law according to David Boaz?

A

The primary consequence of the minimum wage law is not an increase in the incomes of the least skilled workers but a restriction of their employment opportunities.” Employers will hire a skilled worker instead of two unskilled workers, or invest in machinery, or just let some jobs go undone.

35
Q

Generally speaking, what happens if you tax something?

A

You get less of it.

36
Q

How much time do businesses and individuals spend on tax paperwork each year?

A

8 billion hours, or the equivalent of 4 million full time jobs worth of producing goods and services that consumers want.

37
Q

What is the impact of a lengthy drug-approval process?

A

It keeps lifesaving and pain-relieving drugs out of the hands of the consumers.

38
Q

How long is the total Code of Federal Regulations (2019)?

A

Over 200,000 pages, with about 75,000 “new” pages per year (many replace or alter old regulations.

39
Q

How many laws did congress pass in 2,016? How many rules were issued by Federal Departments, agencies, and commissions?

A

214 by congress, 3,853 by the departments, agencies and commissions. A ratio of 18 rules for every law.

40
Q

As of 2015, how many people worked in federal agencies? How does this compare to 1980?

A

275,000 people, twice the number of people working for them in 1980.

41
Q

How much money did the 1980 deregulating of the trucking prices and routes by the Interstate Commerce Commission save consumers and businesses?

A

About $10 billion.

42
Q

What is the problem with government regulations?

A

They substitute the judgement of a small group of fallible politicians for the results of a market process that coordinates the needs and preferences of millions of people. It sets up static, backward-looking rules that can never deal with changing circumstances as well as voluntary exchange and contract.

43
Q

How much money does complying with federal regulations cost U.S. businesses per year?

A

Over $46 billion.

44
Q

Why, to an economist, is there nothing special about international trade?

A

Because individuals make trades only when both of them expect to benefit, whether they live across the street, in different states, or in different countries.

45
Q

What would happen if we had “balance of trade” statistics on ourselves as individuals? What is the only balance that really matters?

A

We would have massive trade deficits with grocers, restaurants, department stores and every other place where we spend money. We would only have trade surpluses with our employers or customers. The only balance that really matters is the one between total income and total expenditures.

46
Q

According to Boaz, what is the point of economic activity? Why do we sell? Why do we export?

A

The point of economic activity is consumption. We produce in order that we may consume. We sell in order to buy. And we export to pay for our imports.

47
Q

What is the goal of each participant in international trade? Because of this, what is the benefit of international trade, what is the cost?

A

The goal is to acquire goods and services as cheaply as possible. The benefit of trade is the import; the cost is the export.

48
Q

What happens if a country unilaterally drops its trade barriers?

A
  • Because they can buy cheaper foreign goods, consumers have more money to spend on other goods and services.
  • Foreign countries, by selling additional goods to Americans, will have more money that ultimately must be spent on American goods.
49
Q

What are the only actions that should be forbidden by law?

A

Those that involve initiating force or infringing on the life and property rights of someone who has not first initiated force. This includes murder, kidnapping, rape, fraud, and theft.

50
Q

Why is it generally true that when goods cannot cross borders, armies will?

A

Because trade gives people on both sides of national borders an interest in peace and it increases international contacts and understanding.

51
Q

What does each new tax and each new regulation do to property? What does it do to power?

A

Each new tax and regulation makes property a little less secure and concentrates power a little more.

52
Q

What can’t be reported, because it is unseen, whenever government bails out a business?

A

The homes that weren’t built, the businesses not started or expanded, the things not bought, with the money that other people couldn’t borrow because the government took money and gave it to an unsuccessful business.

53
Q

What role does government have to play according to Boaz?

A

It is supposed to protect our rights, creating a society in which people can live their lives and undertake projects reasonably secure from the threat of murder, assault, theft, or foreign invasion.

54
Q

According to sociologist Franz Oppenheimer, what are the two basic ways to acquire the means to satisfy our human needs?

A

“These are work and robbery, one’s own labor and the forcible appropriation of the labor of others.” He called work and free exchange the “economic means” of acquiring wealth, and the appropriation of the work of others the “political means”

55
Q

What four things does the government keep doing regardless of whether a democratic or republican gets elected?

A

It keeps taxing, spending, regulating, and spying

56
Q

What did George H.W. Bush promise in 1988? What happened once he’s elected?

A

“Read my lips, no new taxes.” Then he raised them.

57
Q

How does the state try to confuse us, like the three-card monte dealer?

A

By taking our money as quietly as possible and then handing some of it back to us with great ceremony. We all end up railing against taxes but then demanding our Medicare, our subsidized mass transit, our farm programs, our “free” national parks, and on and on and on.

58
Q

One is the tyranny of the status quo?

A

That there is fervent debate whenever a new program is considered for creation, but once passed it is almost never revisited except to decide how much money it shall receive in any given year.

59
Q

What is the incentive problem with the bureaucracy?

A

A bureau gets more power and money if the problem it is supposed to be dealing with grows worse (or they claim it is getting worse), whereas if you solve the issue you were created to solve, the agency gets shut down and you lose all of your power and money.

60
Q

What has happened over the past 350 years?

A

We have done from a life that was “nasty, brutish, and short” to a society that has conquered many age-old diseases, dramatically reduced the barriers to travel, and vastly increased the store of knowledge. But these achievements were not just willed into being; they took effort, physical and intellectual, and they occurred in a system largely based on the rule of law, private property, and individual freedom.

61
Q

What is the fatal conceit?

A

The idea that smart people could plan an economic system that would be better than the unplanned, anarchic market.

62
Q

What is, at its essence, Obama’s health-care Law?

A

It is a central plan for one-sixth of the American economy.