Economic Inequality | Mark Thornton

Austrian economists love economic inequality.

Recorded at the Mises Institute in Auburn, Alabama, on August 2, 2024.

Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream

[drwalka]

very important discussion.

I will share this as much as possible, because 1% of Americans aren't privy of this information

Thank you MissMedia and Mr. Thornton

[ceecee]

Equality of Opportunity is not obviously wrong.

[rhyslucero]

What would it even mean to have economic equality? Even if I had the same wage as my neighbor, our houses are different in different places on the street, the trees are in different spots, we have a different number of kids and different cars, different sized yards. We do different jobs, our spouses have different jobs and skills. We wear different cloths. Even if we had the exact same amount of money, we wouldn't remain equal for more than a few hours. The idea that there could be 'economic equality' ever, at all, is completely preposterous.

[TuxedoTalk]

Go outside and find two rocks that are equal. You can't become equity exists literally no where in reality. It only exists as an abstraction in the human mind.

[alexcipriani]

Do you guys not allow challenging questions cause this is laughable … this ignores that his entire spiel exists in the global trade with different currencies and country policies . If you have trade imbalances with a country that’s has policies that advantages production over households your free market production cannot compete obviously. His speech is just as ridiculous as that of the “socialists marxists” he talks about, these positions are not mutually exclusive. Please see “Trade war is class war” book and bring more educated guests next time the Alabama crowd still lives in the economic environment of 1900