Mises University 2018

[Occam's Banana]

[Mises University: index of threads]

[NOTE: I will try to keep this thread updated with videos of each lecture/presentation after they become available. - OB]

Mises University 2018 LIVE STREAMS / VIDEOS / AUDIO

SCHEDULE OF LIVE STREAMS (all times Central Daylight Time)

NOTE: Conflicting times for video live streams are shaded in this color.

SUNDAY: 15 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
7:00 PM	Thomas E. Woods, Jr.	Gratitude and Ingratitude	POST #10	MP3

MONDAY: 16 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
9:00 AM	Joseph T. Salerno	The Birth of the Austrian School	POST #11	MP3
10:00 AM	Jeffrey M. Herbener	Subjective Value and Market Prices	POST #12	MP3
11:00 AM	David Gordon	Praxeology: The Method of Economics	POST #13	MP3
1:00 PM	Carmen Dorobăt	The Division of Labor and Social Order	POST #15	MP3
2:00 PM	Lucas M. Engelhardt	Money	POST #16	PENDING
3:00 PM	Roger W. Garrison	Austrian Capital Theory	POST #17	PENDING
4:00 PM	Peter G. Klein	Entrepreneurship	POST #18	PENDING
(unknown)	Jörg Guido Hülsmann	Free Lunches on Markets: The Economics of Gratuituousness (Private Graduate Seminar)	NONE	MP3

TUESDAY: 17 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
9:00 AM	Edward Stringham	The Fable of the Leeches	POST #22	PENDING
10:00 AM	Joseph T. Salerno	Calculation and Socialism	POST #23	PENDING
11:00 AM	Robert P. Murphy	Rothbardians vs. "Free Bankers" on Fractional Reserve Banking	POST #24	PENDING
1:00 PM	Jeffrey M. Herbener	The Theory of Interest	POST #25	PENDING
2:00 PM	Carmen Dorobăt	Free Trade vs. Protectionism	POST #26	PENDING
3:00 PM	Peter G. Klein	Competition and Monopoly	POST #27	PENDING
3:00 PM	David Gordon	Robert Nozick's "Anarchy, State, and Utopia"	POST #72	PENDING
4:00 PM	Jörg Guido Hülsmann	Deflation	POST #28	PENDING

WEDNESDAY: 18 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
9:00 AM	Roger W. Garrison	The Austrian Theory of the Business Cycle	POST #31	PENDING
10:00 AM	David Gordon	Mises and Rothbard on Ethics	POST #32	PENDING
11:00 AM	Robert P. Murphy	The Economics of the Stateless Society	POST #33	PENDING
1:00 PM	Walter Block	Fake Economic News	POST #34	PENDING
2:00 PM	Mark Thornton	The Opioid Crisis	PENDING	PENDING
2:00 PM	Robert P. Murphy	Who Bears the Burden of Government Debt?	POST #35	PENDING
3:00 PM	Thomas J. DiLorenzo	The Myths of Market Failure	POST #36	PENDING
4:00 PM	Mark Thornton	Minimum Wage	POST #37	PENDING
4:00 PM	David Gordon	Theory and History	POST #38	PENDING

THURSDAY: 19 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
9:00 AM	Benjamin Powell	Sweatshops	POST #39	PENDING
10:00 AM	Thomas J. DiLorenzo	The Curse of Economic Nationalism	POST #40	PENDING
11:00 AM	David Gordon	Anarchist-Minarchist Debate	POST #41	PENDING
11:00 AM	Timothy D. Terrell	Free Market Medical Care	POST #42	PENDING
1:00 PM	Patrick Newman	Panics and Depressions in Early America	POST #43	PENDING
2:00 PM	Mark Thornton	Is There a Skyscraper Curse?	POST #44	PENDING
2:00 PM	Walter Block	The Case for Privatization - of Everything	POST #45	PENDING
3:00 PM	Thomas E. Woods, Jr.	Hitler and Economics	POST #46	PENDING
4:00 PM	Mark Brandly	Oil: Controls, Taxes, and Regulations	POST #47	PENDING
4:00 PM	Lucas M. Engelhardt	Monetary Reform Proposals	POST #48	PENDING
(unknown)	Matthew McCaffrey	The Economics of War	POST #73	PENDING

FRIDAY: 20 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
9:00 AM	Peter G. Klein	Government and Big Business	POST #49	PENDING
10:00 AM	Patrick Newman	The Progressive Era and the Rise of Crony Capitalism	POST #50	PENDING
10:00 AM	Timothy D. Terrell	Higher Education in Crisis	POST #51	PENDING
11:00 AM	Malavika Nair	The Economics of Bitcoin	POST #52	PENDING
1:00 PM	Peter G. Klein	The Economics of Data Privacy	POST #53	PENDING
1:00 PM	Jeff Deist	What You Can Do	POST #54	PENDING
2:00 PM	Robert P. Murphy	The Market for Security	POST #55	PENDING
2:00 PM	Lucas M. Engelhardt	International Business Cycles	POST #56	PENDING
3:00 PM	Thomas J. DiLorenzo	Ten Things You Should Know About Socialism	POST #57	PENDING
4:00 PM	various	Faculty Panel: Policy and History	POST #58	PENDING
4:00 PM	various	Faculty Panel: Theory and Method	POST #59	PENDING

SATURDAY: 21 JULY 2018
TIME (CDT)	SPEAKER	TITLE	VIDEO	AUDIO
10:30 AM		The Contra Krugman Show LIVE!	POST #60	PENDING
12:30 PM		Venezuela: From Economic Miracle to Economic Disaster	POST #61	PENDING
1:00 PM		How to Write for Mises.org	POST #62	PENDING
1:45 PM		Mises Weekends Live! with Ryan McMaken	POST #63	MP3
3:00 PM	Dave Smith	The Absurdity of the State	POST #64	PENDING
3:30 PM		Closing Remarks and Awards Ceremony	POST #65	PENDING

[Danke]

I clicked on this thread hoping for something else...

[Zippyjuan]

I clicked on this thread hoping for something else...

[Occam's Banana]

I clicked on this thread hoping for something else...

Well, if you overnight a tiara and sash to Tom Woods, maybe he'll wear them for you Sunday evening ...

[Occam's Banana]

T minus 32 hours bump

[Occam's Banana]

T minus 2 hours bump

[Occam's Banana]

T minus 5 minutes bump

[Suzanimal]

I clicked on this thread hoping for something else...

Here's the one you were looking for...

http://www.ronpaulforums.com/showthr...iverse-contest

[Danke]

Here's the one you were looking for...

http://www.ronpaulforums.com/showthr...iverse-contest

A sailor and a h.o.m.o (I know, redundant) in that thread, no thank you.

[Occam's Banana]

Gratitude and Ingratitude | Thomas E. Woods, Jr.
https://www.youtube.com/watch?v=16RMSdbbKzw

Includes introductory remarks by Jeff Deist & Joe Salerno.

Tom Woods starts at 21:00.




ALTERNATES (The above as separate videos.):

Welcome and Faculty Introductions | Jeff Deist and Joseph Salerno
https://www.youtube.com/watch?v=GtUSZTPCUXs



Socialists and Other Grotesque Ingrates | Thomas E. Woods, Jr.
https://www.youtube.com/watch?v=Qae9zwqtk_o

[Occam's Banana]

The Birth of the Austrian School | Joseph T. Salerno
https://www.youtube.com/watch?v=87ogblXr5t4




ALTERNATE:
https://www.youtube.com/watch?v=iUNPdR-K6GQ

[Occam's Banana]

Subjective Value and Market Prices | Jeffrey M. Herbener
https://www.youtube.com/watch?v=sxN6B2S-1NE




ALTERNATE:
https://www.youtube.com/watch?v=E2UwDL4HCxM

[Occam's Banana]

Praxeology: The Method of Economics | David Gordon
https://www.youtube.com/watch?v=pGAU-hfepfQ




ALTERNATE:
https://www.youtube.com/watch?v=Aj0g7JyN9r0

[Suzanimal]

Gratitude and Ingratitude | Thomas E. Woods, Jr.
https://www.youtube.com/watch?v=16RMSdbbKzw

Includes introductory remarks by Jeff Deist & Joe Salerno.

Tom Woods starts at 21:00.

Observations and teasers...

1. Please let that be Bernie Sanders in the second row/aisle seat. Looks like Walter Block is chatting him up.

2. Deist shaved. Discusses Muarryisms and brags about the library. Name drops and gives nerdy inspiration. Introduces Joe Salerno.

3. Salerno thanks donors. Says the Mises seminars represents a lot of brain power and no booze in the dorm. Told not to clap - clapped.

4. Tom Woods (so far he's the only speaker wearing a tie)- Fun fact: Walter Block beat Hayak in chess. I misplaced my copy of The Summa Theologica. Socialists are bad people. Oh, there are some good domain names out there - Tom bought Bernieiswrong.com. Child Labor. Tom's losing sleep over the Libertarian Socialists. Social hour with alcohol. Someone dissed Lew and Tom set him straight and touches on the Anti-Rothbard cult. (we have a few of those here) Points out Block is the go to guy to debate martian rights and says if you nick pick people like him, you're a terrible person. *nodding in agreement* I want to hear David Gordon's jokes. I bet they would spice up that lame joke thread.

Edited to add because Tom Woods discusses poverty...

H/T AngelaTC on Twitter

Hans Rosling Predicts End of Poverty by 2030
https://pbs.twimg.com/media/DiTMcXcUwAADNKC.jpg:large




*****I don't think you get graded on intros but since I agreed with Tom, and suspect I'm gonna need the extra credit to graduate Mises U, I'm gonna give myself an A+.

[Occam's Banana]

The Division of Labor and Social Order | Carmen Dorobăt
https://www.youtube.com/watch?v=P64cQ2W-ufY




ALTERNATE:
https://www.youtube.com/watch?v=aUyS52OucxM

[Occam's Banana]

Money | Lucas M. Engelhardt
https://www.youtube.com/watch?v=a_jNSrX-XhE




ALTERNATE:
https://www.youtube.com/watch?v=MqyKD8RY3rM

[Occam's Banana]

Austrian Capital Theory | Roger W. Garrison
https://www.youtube.com/watch?v=40LDqpYTz7M




ALTERNATE:
https://www.youtube.com/watch?v=I7N_Zz1dERs

[Occam's Banana]

Entrepreneurship | Peter G. Klein
https://www.youtube.com/watch?v=51jyrQhNDRY




ALTERNATE:
https://www.youtube.com/watch?v=XVN0RWyKROY

[Occam's Banana]

Free Lunches on Markets: The Economics of Gratuituousness | Jörg Guido Hülsmann

Private Graduate Seminar (no video)

MP3 audio: https://mises-media.s3.amazonaws.com...e=1&type=audio

[Suzanimal]

The Birth of the Austrian School | Joseph T. Salerno
https://www.youtube.com/watch?v=87ogblXr5t4

1. Bernie's back and even sitting in the same seat (second row/aisle). I hope he's taking notes.
2. Jeff wears a tie and no jacket. Looks good on him.
3. Salerno also wears a tie and no jacket. Must be the uniform for the day. Jevons didn't age well but this handsome fella sure did.


Marginal Utility - how a nerd chooses a wife. You can say you prefer A to B or C but you can't say you love A twice as much - It's absurd!!!
*True story: Mr A told me he was trying to decide who to date between me and this other girl but I "won" because she had a kid from a previous relationship. That man's a smooth talker, I'm tellin' ya.*

*Menger corrects Classical Economists
*Mises corrects Menger. Salerno uses the examples of mediums and the NYT as goods that make Mises point. Notes Menger kinda of corrected himself.
*Economic Goods.
*Economizing Man - Every individual economizes every moment. Listening to Joe Salerno should be at the top of your list. He said is.

[IMG][/IMG]

I really wish they'd quit using the bread example. Aren't most of them Paleo? I have a great shoe example. I wouldn't mind standing off to the side of Salerno like a sign language interpreter giving examples for the ladies.

*Price of diamonds would fall if we were all Amish.
*I'd look like a damn disco ball if y'all went Amish and the price of diamonds fell.

From the Austrian POV, consumers are at the center of the economy.

*****

I forgot to grade myself on this one. I give myself a B. I could pass a multiple choice quiz on this lecture without studying.

True story. I have two monocles (one on a silver chain and one on a gold chain to match my jewelry. I go both ways but I don't mix metal. I don't care what the fashionistas say, it looks junky). I bought them for myself for Christmas because I have to wear glasses to read anything these days. I was walking around with glasses on my head and not only were they messing up my hair, they also fall off my head when I bend over. So I see monocles on ebay and think, that's what I need in my life. I got them from China and they're janky as hell. If you wear them like a monocle, you have a giant eye just like the Bubbles emoji. They're really just a magnifying glass attached to a long necklace. Not great for reading a book but they work for reading a wine list and they don't mess up my hair. Plus, they're a conversation starter. I made a very handsome man at a bar laugh when I put on my monocle and held up my wine glass when he thanked me for passing him a bev nap. I have to admit, even the janky Chinese monocle makes you feel smart and classy. I think I'm going to take a pic with my monocle and change my avatar.

[Suzanimal]

Subjective Value and Market Prices | Jeffrey M. Herbener
https://www.youtube.com/watch?v=sxN6B2S-1NE

1. Bernie's still there in the same seat. He's the oldest student there. It's never too late, Bernie.
2. I like to watch Jeffery Hurbener's mouth when he talks.
3. Value is a state of mind. There is no unit to measure value.
4. If value is subjective then cost would be subjective.

Pop Quiz: Which option is the Austrian view?

Hint: It's the one that makes sense.

Crusoe. *sigh* I really think this needs to be spiced up a bit. I'm almost wishing Crusoe would drink sea water and die so they would find another example.

A larger stock of a good is preferred to a smaller stock of a good.
*thinking about my handbag and shoe collections*

Because more ends (outfit combinations) can be obtained with more of a good. (In my case, handbags and shoes)


This ^^ bothers me. Why would he put coconuts first? They're really hard to get. In that situation, I'd go for the berries and try for the coconuts after I got some nourishment. I'm not even sure I could climb a coconut tree with proper nourishment.

Also, earlier he said Crusoe wanted 2 coconuts for drinking and two for eating. Then he would only need two coconuts. You can eat and drink the same coconut. I have no idea where he got 6 coconuts. I must've been stuck on why he would need 4 to begin with when his need for the other two came into the story.

Crusoe has been rescued! Thank the Gods!!! He wants to set up a bakery. I'm wondering if any gay wedding cake drama is going to come into play. <---I don't care what Bryan says, that's a cupcake emoji.

Stay tuned. I'm going to finish watching this later. I have to work out where the extra coconuts came from before I move on.

****

Picking up where I left off even though I haven't figured out why he needed 4 coconuts and where the extra two came from...I have to let that go for my own sanity and zone in on Herbener's fascinating mouth.


How does he (Crusoe) weigh the potential value that some customers get from some products against the subjective value other customers get from other products?

Wait, just when the Crusoe bit was starting to get interesting, he starts using iphone X as an example.

Talks about pricing used iphone x's. I found that useful. It should help me think about how to set prices for My True Calling (shameless plug for my thread)

Back on Crusoe just when iphone x was getting interesting. o_O Whoa, back to iphone x. He's killin' me.

Whew! I have to admit, he lost me in the last 5-10 minutes. There were abbreviations on his charts he didn't explain and I have no idea what they meant. I ended up just making up stuff and staring at what appeared to be a crumb in the right corner of his mouth. Looks like he had a sammich for lunch.

I'm really trying to pass Mises U this year but my first lesson didn't go great, despite his facinating mouth.
I give myself a c-. About right for me. I've spent my whole life as a solid c- student.

[Occam's Banana]

The Fable of the Leeches | Edward Stringham
https://www.youtube.com/watch?v=55HA2Vs4K8Y




ALTERNATE:
https://www.youtube.com/watch?v=oWh9TPm1tyo

[Occam's Banana]

Calculation and Socialism | Joseph T. Salerno
https://www.youtube.com/watch?v=C9IlH6I4aeg




ALTERNATE:
https://www.youtube.com/watch?v=5IWDDw8TIdY

[Occam's Banana]

Rothbardians vs. "Free Bankers" on Fractional Reserve Banking | Robert P. Murphy
https://www.youtube.com/watch?v=Vnla1YS5uU0




ALTERNATE:
https://www.youtube.com/watch?v=U69Qrz0xtbI

[Occam's Banana]

The Theory of Interest | Jeffrey M. Herbener
https://www.youtube.com/watch?v=7PnBBkVFWk0




ALTERNATE:
https://www.youtube.com/watch?v=vRTN1IiWkBc

[Occam's Banana]

Free Trade vs. Protectionism | Carmen Dorobăt
https://www.youtube.com/watch?v=PiA7O-Y9Jxs




ALTERNATE:
https://www.youtube.com/watch?v=qf_fJWtY-wk

[Occam's Banana]

Competition and Monopoly | Peter G. Klein
https://www.youtube.com/watch?v=dNOtmhj526I




ALTERNATE:
https://www.youtube.com/watch?v=sz_M4F8HMrA

[Occam's Banana]

Deflation | Jörg Guido Hülsmann
https://www.youtube.com/watch?v=G1ekbE7NcVg




ALTERNATE:
https://www.youtube.com/watch?v=WL9BHDEf0dI

[Suzanimal]

Praxeology: The Method of Economics | David Gordon
https://www.youtube.com/watch?v=pGAU-hfepfQ

Bernie's still there. In the same seat. Looks like he's scrolling his Twitter feed. I'll have to get my seeing eye dog to be sure.

***Gotta take this up later. Mr A poured me a wine.

****

David Gordon - Low Talker

Praxeology. Human action, based on the notion that humans engage in purposeful behavior.

[IMG][/IMG]

Action - not thoughts but physical action. However, you can act without moving your body. For example, one can vote by remaining seated (@TheTexan will love that). You haven't physically moved but you have performed an action - voting.

Two minute word salad. I probably missed something important.

Deduction.
*makes me think about Sherlock Holmes which makes me think about pipes which makes me think about smoking something*

I'm relieved to find out I won't need mathematical logic. Praxeology is about material deduction.
*Yay! I don't think I took math logic. I vaguely remember some algebra in college. My fondest math memory is my dad being proud that I didn't have to take remedial math.

Only considering the alternatives an actor is considering at a particular moment.
*before I go on I'm going to show a true example in my life right now and see if I've got it*
Suzxeology
I'm out of carrots. I like carrots on my salad but I don't like them any other way. I have to run errands today. Where am I going to buy my carrots? I have to go to Aldis and Sams but Kroger has my favorite salad carrots. Here are my carrot buying preferences...
1. Kroger (they have small bags of matchstick carrots - precut the way I like for salad. AT THIS MOMENT, I plan on making a special stop at Kroger just for salad carrots)
2. Aldi (no matchstick carrots but they do come in a small bag. I will cut them in a pinch)
3. Sams (big ass bag of carrots. I would only buy these in a carrot emergency)

So, at this moment, I plan on buying matchstick carrots at Kroger.

Wow, okay. He says, you will always choose your highest valued preference. He noted that some philosophers disagree and I was starting to, as well BUT after thinking about my carrot situation, I realized, he's right.

I will always choose my highest valued preference.

For example, my highest carrot preference is sold only at Kroger but Kroger's $#@!ty produce staff doesn't keep them well stocked. I'm always a little stressed about whether they're going to be in stock and since Kroger is my last stop, if they're out, I'm still outta carrots. Plus, my Kroger is very busy, the parking lot sucks, and it's a lot of headache for a bag of carrots. It's also my last stop before home. Sometimes, I will be in Aldis (second to last stop) and just buy salad carrots there because I just don't have it in me to deal with Kroger drama. Plus, my nephew works there and there's always the chance I'm going to run into him and there's going to be a conversation, an invite for dinner and a swim, and introductions to his coworkers. That's a lot to go through for a bag of matchstick carrots. o_O In conclusion, I'm not actually setting for second choice when I buy Aldi carrots. When I'm fatigued, my preferences changed. I'm at Aldis looking at those carrots thinking, Do I really feel like dealing with Kroger for a little bag of carrots or do I just want to get home and do something fun?

I have to take a shower and get dressed to go run my errands. I'm going to think about my highest valued preferences at any given moment and see how they change.

****To be continued****

Unsurprisingly, my highest valued preference on a swampy afternoon is a cold beer. I took my son to get his glasses and we decided I needed a cold beer and he needed a fish fry. I didn't get carrots. I didn't even think about the damn carrots.

Tried listening to the rest of the lecture several times today but my fans drown out his voice. It's too damn hot to turn off the fans. I sit outside. I get too cold in ac and Mr A has threatened to put a lock box on the thermostat so I just stay outside. When he comes home, I put on my sweats and socks so I can sit inside with him. I'm going to have to find some headphones. I don't want to flunk out of Mises U because I can't hear.


***I'm up at this ungodly hour because I ate too much yesterday and passed out on the sofa. Mr A just left my fat ass there to sleep off my food hangover, lol. Anyway, it's cool out this morning so I'm going try to finish this lecture.
Here goes...

Economics doesn't judge your choices.
HAHA, he used an example of someone devoting their life to eating as much ice cream as he possibly can. Now, that's a True Calling. I ate as much as I possibly could yesterday and I can tell ya, I am hurting but I have NO REGERTS. (I spell that right.) I'm happy to know Economics isn't judging me because Mr A sure is.

Praxeology doesn't say I'm a cow, it just says I chose to eat in one day more than I normally consume in a week because it was free. FREE crab claws, big ass shrimp, prime rib, Sublime donuts, booze - I would've thought I'd died and gone to Heaven if they'd had a smoking section. I like to have a smoke when I'm drinking. Smokers are very generous. I don't buy cigarettes. I just go to smoking sections and bum them.
Praxeology doesn't say I'm a Cigarette Hobo, it just says if you give me a free cigarette, I'll smoke it.

**Dave Gordon is standing a bit to the right of the mic. For the love of God, would someone go up there and put the mic in front of him or give him a bullhorn. Something. I'm dying here. The crickets are drowning him out.**

Aw, bless his heart, I feel his pain. He made a joke and no one laughed. He said, what's worse than no one laughing at my joke is when they laugh when I'm making a serious comment. That happens to me a lot.

In human action there aren't any constants. There aren't any things that can be measured.

Only individuals act but that doesn't mean you can't say, The US declared War on Japan.

Truth.

In praxeology, we do know things.

David Gordon sounds excited for lunch.

My grade: C I get it but I missed some parts. I'm pretty sure I could do better if I got to have lunch with him.

[Danke]

Bernie's still there. In the same seat. Looks like he's scrolling his Twitter feed. I'll have to get my seeing eye dog to be sure.

***Gotta take this up later. Mr A poured me a wine.

I hope he starts to pay attention and learn something. But with our experience with Zippy, I doubt it.