Libertarian Caller: "Most Economists Agree...No Minimum Wage!", Ignores Study That Proves Opposite
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- čas přidán 20. 08. 2024
- Libertarian Matt called into the show to debate Sam on libertarianism. Libertarian Matt seems to believe most economists agree that there should be no minimum wage, even though Sam cites a study that shows the opposite. Libertarian Matt also calls Paul Krugman "the devil" and much, much more!
This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at Majority.FM
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Anyone else on a Sam Seder vs libertarian caller binge?
jared lind Sam Seder really isn’t an intellectual giant so my guess is you’re doing this for fun
jared lind Yep
Haha i love the stupidity of the libertarians, binge watching non stop, to top it off these same idiots were in favor of the trade deals like top and now that trump is in they oppose them, there goes their principles jaja so fragile like glass and hypocritical.
I am right now.
I am now
‘I’m sorry. My reception isn’t great. Can you repeat that?’
Yep. That a libertarian all right.
They’re cell phones lack regulations to increase the cell reception.
They do all seem to have reception problems....
Cheap cell phones with poor reception has got to be a silent tenet of Libertarianism. It allows them to not hear Sam's knock-downs of their fantasyland, vaguely defined ideologies.
We need a poor reception libertarian supercut
"Studies show that most economists don't want a minimum wage."
"I'm looking at a study that says otherwise."
"No let me finish!"
"Ok go ahead"
"Studies show that most economists don't want a minimum wage."
Libertarian: someone who believes the same thing on Wednesday that he/she did on Monday, regardless of what happened on Tuesday.
Matthew Helm Problem is that they seem to be talking a bit past eachother. The guy on the phone is not talking about minimum wage consensus, he's talking about consensus about other things like free trade is generally good. Sam does seem to pick up on this and provides examples of where you might want to push back on that idea like if the trading partner does not have to follow the same or similar environmental rules because the negative effects of that will not priced in. Meaning that you could get a situation where a product imported from a different country might not be cheaper because they produce it more efficiently but because externalities are not priced in which isn't ideal.
tuxis they weren’t talking past each other. It was more like the caller was trying to filibuster a whole lot of talking points and not stopping to let each point be dissected.
Which is what a lot of these so-called Libertarians do.
They don’t like to debate their points _line-by-line._
Because when those points are actually debated...you find that most of these Libertarian points-of-view are actually quite nutty and maybe even insane.
These folks are not interested actually debating on the validity of Libertarianism. These Libertarians simply just want someone to mindlessly and dogmatically support their worldview without question.
And that aspect is why these _rank-and-file_ Libertarians always tend to fair poorly in real-time debates.
@@tuxis the consensus on free trade is that America benefits, but other places don't. or that America doesn't benefit but the effect is minor.
I haven't heard about any consensus that says free trade is good for everyone
@@originalsinquirls1205 Everybody? No, more people than not, Yes. Neolibs claimed in the 80s and 90s "free trade" or more accurately called outsourcing, would benefit the middle class. Anyone who questioned this dogma was labeled a communist and antibusiness.
Do all libertarians buy their phones at some special store that only sells crappy phones?
Ryan Cole if only they lived in a libertarian wonder land and paid no taxes... Then again they'd make ten cents an hour.
I guess his value in the free market isn't high enough to get a job that affords the ability to own a phone that doesn't suck it hard.
How does the old saying go? In America there are no poor people, just many temporarily embarassed millionaires.
Burner phones. they won't pay for a plan , they fear being tracked by the CIA?
FREE MERKET BRO
Taxes are Theft Cellular
Why are Libertarians so angry and aggressive? They all seem to laugh nervously too whenever they can’t defend their points or refute something that was said.
Because they're in shock about how stupid other people can be! 😆
Their worldview is chiefly based on spite, and they’re all quite certain they’re the biggest brain in their area code. Smugness and malding are the only things that seem to make them happy.
I’m convinced they either get interns to call in or they purposely screen for the dumbest people they can find in a short amount of time by listening for key words and phrases when they call up.
Because they are all Generation X white men and feel voiceless and left out of society. They've had no control in their life and have been screwed economically by the government and the banks so they resent them and have one thing they can control, the ability to call themselves libertarian and feel smart enough to justify their hate for the system. It's kinda sad. And they call us the libtards, gimme a break libertarians are the real libtards
@@glowingdawn9179 I can’t believe I used to be a libertarian 🤮
“You just don’t understand economics.” Literally all of them say that. All of them. Every single one.
Incidentally I just thought of a great weapon/talisman/teaching tool for that sort of situation: a mirror! To hold up before the poor confused pseudo-economist.
What they say: "You don't understand economics."
What they mean: "You don't agree with my (poor) understanding of economics."
Seriously though, most libertarians that I've seen debate with Sam just have the most basic possible understanding of economics. Like basically their understanding of economics goes only to "comparative advantage, competition good, basic demand-supply curves." Which is the most basic economic shit out there and there's so much more complexity to economics than that. It's the Dunning-Kruger effect in action. Their understanding of economics is just so basic that they don't understand that the reason others disagree with them isn't because they know less, it's because they know a lot more. And it's almost always an understanding just of the most basic THEORY as well with very little empircal data. Usually their "empitical data" is just anecdotes. Which don't carry any weight. Certainly not to the same extent actual peer reviewed studies do.
His reception is not that great. Can you imagine how poor it would be under Libertarianism. If at all.
The free market solves all.
Except world hunger. Or... other things...
Yeah you could call down to the end of your block which is as far as their local jurisdiction would reach.
Well the libertarian was right about one thing. There is a general agreement among economists, they just say the opposite of what he believes. They agree right wing economics doesnt work for 98% of the population.
josh portie that’s a lie but ok
David Morris Lol yes . I have proof . Proof is reality. By right wing economics you mean a market that leans towards free market capitalism ? well that market is the most inclusive market there is. America is a great example
tj ti
You can still have a free market capitalist leaning economy with a minimum wage and tax-funded social programs like universal healthcare. right wing economics is the idea that we should not worry about the little guy and increase incentives for the upper class and the value will trickle down to the rest of the economy. Most economists agree that it doesn’t fucking work
Nick W okay well I never said you can’t have that. That’s basically America today .since we are doing idiotic strawman I’ll do you one better , Right wing economics is based in pragmatism and fact rather than “oh we will just infinitely raise the minimum wage and make everyone millionaires “ . 100 percent of economist agree that doesn’t work moron
@@tjti2631 Whether or not you're right that free market capitalism is the best system for all people (I have my opinions on that, but it's not important), it's completely unrelated to the original statement made. The statement was that the concensus among economists is that right-wing economic policies are worse for the vast majority of people. In order for you to prove that was a lie, as you've claimed, you need to disprove the part about that being the concensus, not the actual value judgment.
I love watching Sam embarrass libertarians
I"m on a binge of these videos right now
Actually, they embarrass themselves.
Actually this guy was quite intelligent (surprisingly), and I will say that Sam in fact didn't provide a proper argument.
Diptarka Das 😂😂😂😂😂not at all he wasn’t that intelligent maybe for dumbasses Like conservatives and libertarians
Sam is great at disarming people who dont know their stuff. They aren t as educated as sam. Thank god.
Really captured the essence of what it's like to talk to american libertarians. They never have an answer or even an argument. It's always simply "you're wrong because I don't like your argument." No solution, no real argument. They just don't like what's being said & they're not afraid to say so. I disagree cuz my dad taught me otherwise. Dear libertarian: your dad didn't have the internet. Checkmate
A lot of assumption and nonsense in one comment. You could apply exactly what you wrote to any of the leftist subscribers of this channel.
modshroom a lot of big words with no real argument. Like a true leftist. Didn't want to edit this as I hate correcting leftists on the internet, like talking to a brick wall, but you clearly don't understand the society you live in. Wages have stagnated because of inflation and we need a correction within markets and a transfer of wealth, it's the cycle of things and you would do better to prepare yourself and your freinds and family. Instead of whining about the system, learn it and use it to your advantage and lift those up around you. Fucking leftists just want to see the best society known to man burn, and then what? What comes after? Enforced equality of outcome? A repressive socialist regime, where minds are enslaved and creativity crushed. Fuck you and everything you stand for.
You'll also notice that when Sam questions them about something specific, they suddenly can't hear. This gives them time to come up with a BS answer.
This guy is just like the caller, lots of words and no point. Just the people I like to read say different things than the people you like to read. That goes nowhere.
Meat Biscuits
Holy crap you’re stupid.
I think it's funny that the caller mentions econ 101 at university. He, like many libertarian callers, seems like he got about one week into it, and declared himself an expert in economics. To be kind, I'll say maybe the first mid-term.
+philzwhip exactly. once you study economics on serious textbooks, you understand most things libertarians state as certainties and facts are actually not, the austrian school has been completely surpassed (its proven contributions are now part of the mainstream thought, the rest has been disproven, so there's no point in citing it anymore, it's like saying XIX century scientists were more right than the current ones), and things are much more complex.
I have yet to hear a libertarian mention econ 102. I think econ 101 is the only economics course offered at university.
Or they took econ 101 at the school I go to - the textbook was written by George W Bush's economic's advisor and he spent most of the first chapter (required reading too) going on about how regulations are communism and inherently evil. It set the tone for the entire course. It was the only assigned reading I did and I still passed with a C.
Every time this caller does that smug little self laugh I cringe so hard
Watch some of these other libertarian videos.... almost every one has the same laugh
It's called "the Libertarian, buying-time, 'Oh shit! Sam just asked me a real question' nervous chuckle.
"No True Scotsman" should be renamed to "No True Libertarian"
this caller got so defensive so quickly for no reason.
Please: don't ask Libertarians too many questions, or they lose their train of thought. Also, let them speak. But not for too long, because they'll blabber on and lose their train of thought.
I like how all libertarians just want to continue on their speech without being interrupted when they fabricate facts
Exactly what I assume speaking to some permanent guests of a mental asylum is like.
"let me talk for one second?" LMFAO
nafets zlaw “you’re debunking everything with 3 sentences. Please let me verbalize an essay that makes no sense and highlights my total absence of education on the subject of libertarian ideas.”
Five minutes later he's given a "go ahead and talk". Then pauses, laughs nervously and blabbers on in vagaries for 40 seconds, gets frustrated at Sam for..... letting him talk.
The only reason my company pays minimum wage is because the law does not allow us to pay anything less.
You do realise you don't pay people, your workers will leave. Good luck doing all the extra work load yourself, nobody wants to be a slave.
@Darth Maul The difference is that the families of those children are so desperate that they're willing/forced to send their kids to work. When families are financially stable, they very rarely let their kids work and pay attention to exactly what kind of work their kids are doing.
@@SadisticSenpai61 that's not a real difference though. If entry level, menial, and other low paying jobs could pay way less then theyd all pay way less so the bottom rung of the economy would just have a lot less money. Employment doesnt operate on supply and demand because there's always a coercion factor. Low wage workers are always at the risk of not being able to eat or pay bills if they lose their job. An unemployed low wage worker is against a clock trying to find a new job. Factor in that in a lot of jobs you get paid every two weeks and your check is a week or two weeks behind the labor you did. So on week 2 maybe you get one weeks pay or pay you dont get it until week 4. That's a really short time frame. Anyone who thinks the working poor arent at some level desperate has never had to struggle.
Also just another point even though the laborer has to wait 1-4 weeks to get paid for labor the company benefits right away. Those sorts of pay schedules are like a free loan to an employer to use your money for 1-4 weeks for whatever they want and pay no interest to the employee. It's all a stacked deck.
@Leviathan_Art "Nobody wants to be a slave"
Evidently a lot of poor desperate people would settle for practically slave wages if it meant being able to provide their next meal. Ever heard of low-wage workers? Even setting that aside, do you consider the minimum wage in America a decent living wage? It's already the case for millions of Americans.
The typical Libertarian Free Market talking point is a fallacy!
George Nelson reeeeeeee
The elusive "study that proves"
That never exists.
"Say something of substance!", and you are talking to a Libertarian. Optimistic, aren't you?
The real libertarian is the friends we made along the way
Another famously
wrong example was Alan Greenspan keeping interest rates low in the 2000s which facilitated a housing bubble. This all culminated in Greenspan and his cohort of economists ultimately concluding that their view that markets would ultimately self correct and avoid bubbles as being completely and utterly wrong. Look up the congressional 2008 hearing.
Tyler Potts ...Greenspan is the best, most recent example of bumbling Libertarian/uber-neolibs admitting theyre wrong....after the fact
No, Greenspan's problem was that he didn't understand what most economists thought.
@@walexander8378a libertarian wouldn’t support a price control on money
Keynes believed in government intervention in times of recession but in the times of growth that the government should put aside some of the profits for the next recession. Keynes believed that recessions went in cycles, the major difference with today is that Reaganomics means its boom and collapse every ten years.
+seth vanhaelst I heard Milton Friedman flew down from heaven with Noah and the baby Jesus to bestow his divine and irrefutable economic knowledge! Praise be to the great godlike economist!
ILikeMe 123 you can’t say Milton Friedman contribution to economics wasn’t great economist.
I think these libertarian calls are trolls.
nope, libertarians are legit this dumb
The caller doesn't seem to understand how a conversation or call in show works. There are times in a conversation where clarification is necessary. This show isn't a platform to just talk/rant at length. If you don't want to keep getting interrupted, then be more concise.
14:27 this debate is so boring that I am wondering weather Sam is drinking coffee or cola
It’s because this caller just claims Sam is wrong but NEVER explains how or why he is wrong. In other words, the caller is an idiot.
This show should be renamed to Sam Seder vs. Libertarians
Remember: Gary Johnson was the guy Libertarians chose to represent them...
Gary. Johnson.
Gary. "And what is Aleppo?" Johnson...
lol Sam's face when the guy says he watches youtube
Man, libertarians just want to be heard. I get it. But you're still wrong.
I've watched this about 20 times over the last 9 years.
You don't really need a legal minimum wage if you just have proper unions.
What do you mean by that? (As I live in a country with no MW) and quite "proper unions" but I don't see your point, as the way the unions enforce their way is by power and by blockading the specific firm. That's a physical blockade btw.
nahiag
No, that's not the only way for unions to influence something.
Economists consider unions to be labor cartels. Some food for thought.
Iberastur Yeah they basically function as a monopoly on the sale of labor. They push prices up, protect the insiders at the expense of outsiders and consumers. The phrase "Nice work if you can get it" rings true. Cushy jobs for me, the unemployment line for you.
Damn, the republicans did a good job deamonizing (YES I DONT KNOW HOW YOU SPELL THAT FUCK OFF) Unions.
But yea there is some truth to it.
In the past decades, Companies have learnd they just have to buy off the union leaders, and all issues are solved. (from their point of view)
Here in germany, the government went along with it, making a law that basically sais" one company, one Union" (its a but more complicated because it always is but that is the gist of it) therefore if you think your union is full of corrupt dickheads? well nothing you can do about it, except find a new job and look for the best.
No wonder people are leaving unions here... when ever i see that i want to both cry, and kill someone.
Dude just did not accept that most economist support minimum wage
gotta love when callers try to make it their show
How that call should have ended:
Libertarian Caller: "I just think that if you don't have a firm grasp of economic theory then it's not responsible for you to speak on economic policy."
Sam Sedar: "I get paid to speak about it, so it's in my interest to speak about economic policy. Do you see how this is one of the basic problems with libertarianism and basing everything on self-interest? Fuck you, got mine!" *click*
It's almost one in the morning and I'm watching majority report libertarian call ins from 2013! Its 2019! Damn you Sam Seder!!!!
I have a feeling that I’ll still be doing this in 2030
@@aichpvee it's 2022 and I'm back
“Are you an economist?”
“I do know how to read and I read quite a bit.”
Sounds like our dear caller hasn’t thought through the consequences of any of his Libertarian positions.
That would apply to every Libertarian caller. Of course, none of them seem to know much about feudalism, which is the inevitable end-game of Libertarianism.
The guy laughing in the back ground gets me every time 💀
Has Sam and the crew ever joke about Libertarians and bad phone reception in any of these episodes before?
Always lol they mention that their reception is so bad bc they are on their own grid
I love how libertarians always refer to other libertarians, in this case, Bryan Caplan. Their selection/confirmation bias is astonishing.
I love the moment when you see a libertarian crack, and the veneer hiding the sociopath inside is lifted.
This |||
I watched one Libertarian caller video and now I’m stuck on a binge and can’t get out 😂
I love these libertarian callers - always a good laugh to hear them stumble over themselves.
I give Sam Seder credit for this: he knows the key moment to ask, "why?" That is often the key to exposing how hollow a lot of these views are.
Strangely relevant, even though this video is 8 years old! We love to see it. :D
Abolish rent controls???? This guy doesnt rent , and must be a landlord ( libertarian landlord. ugh).,With no rent controls or regulations , most would be homeless.
Love those who speak as to " what I would do", when they have no practical experience . Men who must be right, in charge
Exactly. Landlords like mine are extremely rare - he's retired and wants a project to keep himself busy. He doesn't really care as long as the property taxes are paid for and his general upkeep costs are covered. And that's why our rent is about $300 less than a similar sized apartment/duplex would cost per month. Oh and there's the fact that he's the only one charging that amount in the entire town. It's a college town - there's a hell of a lot of rental properties around.
Libertarianism is an ideology for the most powerful and rich at the expense of everyone else. How regular, everyday people could be duped into believing it supports their interests is beyond me.
Libertarians have an understanding of economic theory the same way Alt-righters have an understanding of political theory. Caller also misused the term "micro-economics" in the most basic context right after calling Sam ignorant on economic theory.
I’d pay a lot of money to see Sam discuss the minimum wage with a young Thomas Sowell
I had the belief at one point that the government should just eliminate minimum wages. The idea was that since workers could just leave it would force companies to compete. Then a friend of mine brought up the idea that that might work in regular cities. But in the middle of American where there might be only one Walmart for miles, there’s not real competition
I love how Sam said exactly what I was thinking about the caller “basically you called to call me a poopy head” lol
15:48 laughed out loud here at Michael's comment...miss you already buddy
Libertarians really need to get better reception. They almost always have "connection" problems.
I love the insistence on property rights from the people who usurped the aboriginal people and violated every treaty ever signed.
The double standards of libertarianism knows no bounds.
Every single libertarian caller and only libertarian callers have significant reception issues over the phone, its uncanny
I have noticed this too!
The confidence that this guy has is unreal. Libertarians are amazing 😅.
Amazingly dumb yeah
My IQ level drops steadily listening to this caller.
Libertarianism boils down to one thing: property rights are more important than human rights.
"One major proposal, however, wouldn’t involve budget outlays: the president’s call for a rise in the minimum wage from $7.25 an hour to $9, with subsequent increases in line with inflation. The question we need to ask is: Would this be good policy? And the answer, perhaps surprisingly, is a clear yes."
-Paul Krugman
13:20 - 13:33 Came for the Libertarian takedown, got hit in the feels by Michael's background laughter.
I want my 18:50 back
"I am less passionate about cutting entitlements for the poor"
Then act like it. Quit crying about a single mom getting a food stamp and start rallying against the corporate keptocracy that has taken over. I don't want to hear a single word from any so-called "small government" libertarian about social programs or the minimum wage or any of that stuff when nearly a trillion dollars a year is being spent on the military.
Get your fucking priorities straight.
I was thinking of earning a degree in economics, but I think I'll just start identifying as a Libertarian and become an instant economics expert by default. More economical.
This video was on my bday and I consider this to be a gift lol thanks Sam
I love hearing the laughing from the control room.
This guy is so insufferable.
Time to prove yet again that if you want to debunk a libertarian just let them talk.
The poll on IGM does not say anything about increasing minimum wage being economically efficient. It asks a normative question: Would raising the minimum wage (from 8.25 to 9.00) make it noticeably harder for low skilled workers to find employment?
32% Said it would not. Many more than that agreed and many were "uncertain". Nearly all of those economists speak with a Keynesian approach and once again are speaking in normatives. Many said something along the lines of what Professor Cutler stated "The 'noticeably' made me pause. A bit harder es, but not sure how 'noticeably'."
The question asked a normative. Not a positive. The economic result of this will ALWAYS harm the economy, the question was a question of how badly will it harm people. And most of those 32% said they voted that it would not make it very hard for the general public, simply because it is not a huge increase. and that only 11% of Chicagoland residents are paid minimum wage.
"Economic theory" like there is some allmighty Theory uber alles that just happens to coincide with rightwing big bussiness free market interests right!?
Uber alles
"Most economists say..." is not an argument.
The caller should say what HE thinks about the minimum wage and other issues and give HIS OWN reasons for why HE holds those opinions.
Then they have something to talk about.
How can you tell someone is from New York City?
Don't worry, they'll tell you.
Why doesn't Sam debate Thomas Sowell on minimum wage?
Oh my. I would pay to see that.
I'll debate him/you. If you supply his quotes, I'll rebut them.
Hahahahaha.
OK so far we know you're capable of being amused and making brilliant comments such as, "This is simple. Sam is wrong." I'm giving you an opportunity to get beyond giggling like a schoolgirl and begging the question and show everyone here the depth of your ignorance. So far we've only seen the surface of it and have to imagine the rest. Care to show us?
I just had lunch with my old economics professor. He studied under Gary Becker. Who are you to call me ignorant?
Lmao he made a big show of wanting to be able to speak, and each time he was given time to speak, he went with something entirely irrelevant. He then quit mid-sentence when he was given the chance to school Sam on the subject.
One thing I've learned, is that Libertarian Phone Co is absolute shit.
Wow that caller was an insufferable, ignorant tool. Hope he's grown out of it by now.
Hi Sam! An interesting effect of a UBI is that it eliminates the need for a minimum wage. But regardless, Matt sure went splat, eh?
Unions eliminates the need for a minimum wage. What many in nations with few Unionized workers etc understand is that in nation with strong Unions. RIGHT WINGERS support a minimum wage while left wingers do not. Because with worker leverage a minimum wage would cause issues with wage negotiations in a negative way. Its only in nations with few Union workers and low employee leverage that right wingers have the opposite view, for the same reason. They want the worker to be weak and the employer to be strong and get most of the gains.
Why would an increase in the minimum wage be a good thing when it will increase the very inflation it is supposed to compensate for?
It doesn't. Inflation is created by in increase of the money supply.
Okay so if a product's price reflects the procucers materials cost, operations overhead, and labor a cross the board increase in labor will not affect the base price how? Yes, increases in the minimum wage do effect the rate of inflation.
How is that not the capitalist's fault for not absorbing the cost to remain competitive? You're targeting your ire in the wrong direction. You're ignoring the very cause. You're also ignoring pre-production pricing by investors which is standard practice in big business.
catbuffalo
So wait, the capitalist, (I assume you mean business owner), should absorb all federally mandated increases in wages without shifting any of the loss onto the consumer? If a business has only a 3.23% profit margin, like Walmart, how would they remain competitive if they absorb all the loss created by an increase of the wage of their work force?
If an employer does not increase the prices of their goods they will have to fire a portion of their work force. Now how is losing their job that good for a low skilled worker? How is the increased burden of more people not paying taxes, because they lost their job to an unrealistic minimum wage, a benefit to society?
piwright42 Even if they have to increase the costs of goods, the amount they increase the cost doesn't offset the increased demand. According to a huffpost article, that cites a CUNY and Berkeley study the average cost per trip to walmart would increase by 40 cents if the minimum wage was increased to 12 dollars an hour. www.huffingtonpost.com/2013/07/18/walmart-worker-wages_n_3611531.html
Now we can imagine that most of those people who benefit from a minimum wage hike have an extremely high propensity for spending, driving up demand, and increasing the quality of life for those who earn minimum wage.
This article suggests there isn't a significant inflation effect from increasing minimum wage. truth-out.org/news/item/14050 What is an unrealistic minimum wage in your eyes?
I'm Swedish and we do well with no minimum pay, but we actually have unions. If the state decides minimum pay its needs to be increased with inflation and productivity, which the us haven't done well.
Libertarianism sounds like a cult.
These libertarians always go to the old “my reception is bad” whenever they start losing the battle of ideeeeeaaasss
Caller was given opportunity after opportunity to “correct” Sam, and instead he complained about being interrupted.
I don't care that I've just been proven wrong just let me finish. Seems like libertarians love mobocracy more than anything when it's in the field of economics and they're allowed to just decide who makes up "the majority"
9:40 Libertarian "Are you going to let me SPEAK?!?"
14:54 Five minutes later - Sam: "Why don't you tell us (about what rational choice means)."
Libertarian: fake laugh, stalls for time. 40 seconds of gibberish blah, blah, blah followed by "You know what - this is stupid, I'm not gonna... this is a total waste of time!"
Thank you Libertarian - so glad you got to speak! So eloquent and coherent.
Respectfully disagree.
I don't think Economics is a pseudo science for idiots and fools. Economics is something that affects everyone, and while it has its problems, I do think it's worth pursuing.
The problem with Libertarians is that they don't actually know anything about economics. They start with their extreme right wing position, and they find out the names of economists that support them and repeat their names like a mantra. HAYEK! FRIEDMAN! VON MISES! HAYEK! FRIEDMAN! VON MISES!
Libertarian: I assert you dont understand xyz.
Rationalist: ok explain it, be specific.
Libertarian: well I mean it's basic economics, you dont understand the basics...look I'm not going go explain xyz....but you're wrong cuz i say you dont know the basics!
Libertarian economics is like the opposite of science: rather than starting with evidence and creating theories from that evidence, libertarians start with a theory and work backwards from there, even if there is no evidence to support it. They assume that Supply/Demand is an immutable law rather than a useful guide but doesn't quite hold up for more complex macroeconomic situations.
"Most economists agree that libertarianism is good"
Source: trust me bro
The laughs in the background always gets me. XD
Take a shot every time a libertarian says they have bad reception
No-true-scotsman. It's just like debating ardent religious people
It's cute that Libertarians think that all of societies problems will be solved if only we were all a little more selfish!
The minimum wage also has never lagged behind the costs of living so far so his point doesn't have that much of a base to stand on. I think the minimum wage should be a subsistence wage, that means 15 dollars in some places and maybe 12 in others.
When I hear them say “I am a Libertarian” I think they are gonna say something stupid aren’t they?
Why is it that EVERY RepubliKlan/Libertarian ALWAYS have such difficulty with their phone when they call in??????
Funny how these guys call in expecting to just speak uninterrupted and then just ignore all evidence proving them wrong
Dude - "are you going to let me speak?"
Sam - ".......... yes." 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Do these people not understand making a specific point and defending it?
I can't remember hearing many Libertarians making a specific point with defensible data and debating on that.
It seems like they want to quote Libertarian dogma from rote and expect it to be accepted ipso facto.
Or am I just wildly off base and misinterpreting what I'm seeing and hearing.
This dude said he "self educated" himself on economics and then went on to cite "most universities"
It's infuriating, particularly 5 years after this was made, in the Trump era.
It's like facts have lost their meaning and can be superseded by opinion.
It's ridiculous.
Libertarians and bad phone reception. Name a more iconic duo.
Krugman got his butt kicked by Ron Paul in a debate.
Why is that whenever libertarians call in to Sam, they always want to speak in generalities as opposed to specifics (i.e. the specific data that Sam cites)? Oh yeah - because libertarianism is a fantasy.
When Sam uploads a video debate with a libertarian that's more than 15 minutes, you know its good.