Reading challenge update: 11/35.
“How did politicians ever come to believe this weird idea that the law could be made to produce what it does not contain - the wealth, science, and religion that, in a positive sense, constitute prosperity?”
Today was the final day of the FEE seminar as well as my final day ever attending this one in particular. I expressed this feeling in previous posts, but it’s definitely amazing how fast time goes by. Looking back to my first day at FEE, I didn’t know much about economics and I certainly didn’t know what to expect from the seminar.
I’ve decided that my favorite part of being at FEE is the discussion time. I feel that I learn much more through discussing, sharing my thoughts, and seeing how people respond. And that’s the key: how do people respond?
Today was the first day of my third year at the FEE seminar in Orange, CA. (It’s also going to be my last year which is sad but it’s time to move on.) I started attending FEE a few years ago because my dad was getting into economics and he heard about the seminars they put on for the youth, so, he told me about it and suggested that I went. It sounded interesting and I thought it would be a good experience so I chose to go. Obviously, I had a great time my first year so I decided to go back. Now it’s my third year, and it’s crazy thinking back to my first time.
“First of all, among economists and philosophers two near-universally accepted propositions exist:
Every ‘monopoly’ is ‘bad’ from the viewpoint of consumers. Monopoly is here understood in its classic meaning as an exclusive privilege granted to a single producer of a commodity or service, or as the absence of ‘free entry’ into a particular line of production. Only one agency, A, may produce a given good or service, X. Such a monopoly is ‘bad’ for consumers, because, shielded from potential new entrants into a given area of production, the price of the product will be higher and its quality lower than otherwise, under free competition.
I’m sad to say that FEEcon has officially come to an end. The past couple of days I learned from lots of people with great knowledge in the field of economics, libertarianism and creativity. Overall, it’s been an unforgettable experience being able to socialize with others with similar views.
My trip to Atlanta was no doubt painfully long but definitely worth the process. Being someone who hardly travels (and when I do, it’s never by plane) I wasn’t quite sure what to expect traveling across the country. However, my experience so far at FEEcon has been a great adventure both literally and educationally. Getting up at 4:00 in the morning Pacific Time wasn’t ideal, but, who am I to complain when I’m greeted with an amazing performance by a professional cellist, followed by a speech from the President of FEE?
Alright yes, Tom Woods is a pretty good competitor. (And Han did shoot first which isn't very libertarian) but for the sake of today being Star Wars day, just roll with me.
Libertarianism's pretty simple and straight to the point: don't aggress. The NAP (non-aggression principle) is what keeps a society free and it's the reason us libertarians aren't fans of monopolized state power.