What’s the Austro-libertarian interpretation of the “Gilded Age”? Because popular media sees it as a disaster.
- Excessive poverty
- Too small government, not enough regulation
- Can’t vote out the “robber barons”
- Increase in wealth inequality
Discussion
“robber Too wealth Because the Increase as interpretation Age”? Excessive media Austro-libertarian in disaster.
- small the sees “Gilded a government, it enough vote out the Can’t poverty
- of What’s barons”
- regulation
- inequality not popular
People only ever vote IN the robber barrons in reality. Clown world. Government was too BIG, that's what gave them power.
Government was the perpetrator of all that genocide against the natives too but they won't talk about that.
back then, people had revolvers, they didn't need permission to cook drugs in their house, and money was generally actually high purity gold coins
idk about this wealth inequalty jive tho. maybe if you are talking about the later stages when redemption certificates became widely used and banks started counterfeiting them
I like to imagine the view is that the Gilded Age was not as bad as the media makes it out to be due to less restrictions on immigration and industrialization leading to low unemployment rates.
When it comes to concerns regarding monopolies like those held by Rockefeller and Carnegie, they would most likely collapse naturally because the State did not back them.
Just my two cents.
Saif did an episode with the president of Mises Institute where they talked about this a lot. https://fountain.fm/episode/3D4QaNUUZAUS6jX95mxo
I actually listened to this one, will bookmark to hit again. I could use like 20 hours of these two guys together instead of just 2 😂
Wealth inequality is not a problem in a capitalist system. Some people produce more value than others and they get richer. That's all good.
Wealth inequality being a bad thing is a psyop
There's a lot of discussion about that particular period here:
Murray Rothbard and his students/intellectual colleagues and successors are the go-to people for economic history.
Have also been hearing quote a few mentions of Ralph Raico's name as a good source for the same subject.
I’ll listen to this one again to refresh. Could use 20 hours instead of just 2 between these 2 guys.
These are other links you can explore for more as well:
You can always find more in this playlist of mine if you're looking for austro-libertarian takes on other things:
https://youtube.com/playlist?list=PLaR3sy0CQTO5gfm4wM6BZqjdzQWKbX5uD
Just watched that one with Newman, so good.