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Have you ever wanted to be more rich? Have you considered just working a bit harder? Welcome to part III of our libertarian series, where we discuss Part B: Social Issues of Scott Alexander's Anti-Libertarian FAQ, which critiques the libertarian view that if you're rich, you deserve it, and if you're poor, well, you deserve that too. As always, the estimable Bruce Nielson (@bnielson) helps guide is through the thorny wicket of libertarian thought.

The Argument:

Those who work hardest (and smartest) should get the most money. Not only should we not begrudge them that money, but we should thank them for the good they must have done for the world in order to satisfy so many consumers.

People who do not work hard should not get as much money. If they want more money, they should work harder. Getting more money without working harder or smarter is unfair, and indicative of a false sense of entitlement.

Unfortunately, modern liberal society has internalized the opposite principle: that those who work hardest are greedy people who must have stolen from those who work less hard, and that we should distrust them at until they give most of their ill-gotten gains away to others. The “progressive” taxation system as it currently exists serves this purpose.

This way of thinking is not only morally wrong-headed, but economically catastrophic. Leaving wealth in the hands of the rich would “make the pie bigger”, allowing the extra wealth to “trickle down” to the poor naturally.

The Counterargument:

Hard work and intelligence are contributory factors to success, but depending on the way you phrase the question, you find you need other factors to explain between one-half and nine-tenths of the difference in success within the United States; within the world at large the numbers are much higher.

If a poor person can’t keep a job solely because she was lead-poisoned from birth until age 16, is it still fair to blame her for her failure? And is it still so unthinkable to take a little bit of money from everyone who was lucky enough to grow up in an area without lead poisoning, and use it to help her and detoxify her neighborhood?

Do your part to increase social mobility by sending your hard-earned money to: [email protected]

Special Guest: Bruce Nielson.

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What do you get when you mix nerds and sex research? A deep dive into the world of fetish statistics, men's calibration about women's sexual preferences, and the crazy underground world of financial domination. Stay tuned as Aella walks the boys through the world of gangbangs, camming, OnlyFans, escorting, findom, and even live-tests Vaden's wild hypothesis against her huge, thick, dataset.

(additional sources used for episode prep that weren't mention in the episode)

Send us $500 and call us your Queen, you steaming pile of s***: [email protected]

Special Guest: Aella.

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Back at it again, as we coerce you into listening to Part 2 of our four part series on Libertarianism, with Mr. Bruce Nielson (@bnielson01). In this episode we cover the Economic Issues section of Scott Alexander's (non-aggressive and principled) non-libertarian FAQ, and discuss his four major economic critiques of the libertarian view that free and voluntary trade between consenting, informed, rational individuals is the best possible thing ever, with no downsides at all. Also, can we interest you in buying some wasps?

The Argument:

In a free market, all trade has to be voluntary, so you will never agree to a trade unless it benefits you.

Further, you won’t make a trade unless you think it’s the best possible trade you can make. If you knew you could make a better one, you’d hold out for that. So trades in a free market are not only better than nothing, they’re also the best possible transaction you could make at that time.

Labor is no different from any other commercial transaction in this respect. You won’t agree to a job unless it benefits you more than anything else you can do with your time, and your employer won’t hire you unless it benefits her more than anything else she can do with her money. So a voluntarily agreed labor contract must benefit both parties, and must do so more than any other alternative.

If every trade in a free market benefits both parties, then any time the government tries to restrict trade in some way, it must hurt both parties. Or, to put it another way, you can help someone by giving them more options, but you can’t help them by taking away options. And in a free market, where everyone starts with all options, all the government can do is take options away.

The Counterargument:

This treats the world as a series of producer-consumer dyads instead of as a system in which every transaction affects everyone else. Also, it treats consumers as coherent entities who have specific variables like “utility” and “demand” and know exactly what they are, which doesn’t always work.

What is an externality?

1.1: What is an externality?

An externality is when I make a trade with you, but it has some accidental effect on other people who weren’t involved in the trade.

Suppose for example that I sell my house to an amateur wasp farmer. Only he’s not a very good wasp farmer, so his wasps usually get loose and sting people all over the neighborhood every couple of days.

This trade between the wasp farmer and myself has benefited both of us, but it’s harmed people who weren’t consulted; namely, my neighbors, who are now locked indoors clutching cans of industrial-strength insect repellent. Although the trade was voluntary for both the wasp farmer and myself, it wasn’t voluntary for my neighbors.

Another example of externalities would be a widget factory that spews carcinogenic chemicals into the air. When I trade with the widget factory I’m benefiting – I get widgets – and they’re benefiting – they get money. But the people who breathe in the carcinogenic chemicals weren’t consulted in the trade.

2.3: How do coordination problems justify regulation of ethical business practices?

... Let’s say Wanda’s Widgets has one million customers. Each customer pays it $100 per year, for a total income of $100 million. Each customer prefers Wanda to her competitor Wayland, who charges $150 for widgets of equal quality. Now let’s say Wanda’s Widgets does some unspeakably horrible act which makes it $10 million per year, but offends every one of its million customers.

There is no incentive for a single customer to boycott Wanda’s Widgets. After all, that customer’s boycott will cost the customer $50 (she will have to switch to Wayland) and make an insignificant difference to Wanda (who is still earning $99,999,900 of her original hundred million). The customer takes significant inconvenience, and Wanda neither cares nor stops doing her unspeakably horrible act (after all, it’s giving her $10 million per year, and only losing her $100).

The only reason it would be in a customer’s interests to boycott is if she believed over a hundred thousand other customers would join her. In that case, the boycott would be costing Wanda more than the $10 million she gains from her unspeakably horrible act, and it’s now in her self-interest to stop committing the act. However, unless each boycotter believes 99,999 others will join her, she is inconveniencing herself for no benefit.

Furthermore, if a customer offended by Wanda’s actions believes 100,000 others will boycott Wanda, then it’s in the customer’s self-interest to “defect” from the boycott and buy Wanda’s products. After all, the customer will lose money if she buys Wayland’s more expensive widgets, and this is unnecessary – the 100,000 other boycotters will change Wanda’s mind with or without her participation.

3.1: What do you mean by “irrational choices”?

A company (Thaler, 2007, download study as .pdf) gives its employees the opportunity to sign up for a pension plan. They contribute a small amount of money each month, and the company will also contribute some money, and overall it ends up as a really good deal for the employees and gives them an excellent retirement fund. Only a small minority of the employees sign up.

The libertarian would answer that this is fine. Although some outsider might condescendingly declare it “a really good deal”, the employees are the most likely to understand their own unique financial situation. They may have a better pension plan somewhere else, or mistrust the company’s promises, or expect not to need much money in their own age. For some outsider to declare that they are wrong to avoid the pension plan, or worse to try to force them into it for their own good, would be the worst sort of arrogant paternalism, and an attack on the employees’ dignity as rational beings.

Then the company switches tactics. It automatically signs the employees up for the pension plan, but offers them the option to opt out. This time, only a small minority of the employees opt out.

That makes it very hard to spin the first condition as the employees rationally preferring not to participate in the pension plan, since the second condition reveals the opposite preference. It looks more like they just didn’t have the mental energy to think about it or go through the trouble of signing up. And in the latter condition, they didn’t have the mental energy to think about it or go through the trouble of opting out.

If the employees were rationally deciding whether or not to sign up, then some outsider regulating their decision would be a disaster. But if the employees are making demonstrably irrational choices because of a lack of mental energy, and if people do so consistently and predictably, then having someone else who has considered the issue in more depth regulate their choices could lead to a better outcome.

4.1: What do you mean by “lack of information”?

Many economic theories start with the assumption that everyone has perfect information about everything. For example, if a company’s products are unsafe, these economic theories assume consumers know the product is unsafe, and so will buy less of it.

No economist literally believes consumers have perfect information, but there are still strong arguments for keeping the “perfect information” assumption. These revolve around the idea that consumers will be motivated to pursue information about things that are important to them. For example, if they care about product safety, they will fund investigations into product safety, or only buy products that have been certified safe by some credible third party. The only case in which a consumer would buy something without information on it is if the consumer had no interest in the information, or wasn’t willing to pay as much for the information as it would cost, in which case the consumer doesn’t care much about the information anyway, and it is a success rather than a failure of the market that it has not given it to her.

In nonlibertarian thought, people care so much about things like product safety and efficacy, or the ethics of how a product is produced, that the government needs to ensure them. In libertarian thought, if people really care about product safety, efficacy and ethics, the market will ensure them itself, and if they genuinely don’t care, that’s okay too.

How much would you pay for a fresh nest of high quality, free range wasps? Tell us over at [email protected]

Special Guest: Bruce Nielson.

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Liberty! Freedom! Coercion! Taxes are theft! The State is The Enemy! Bitcoin! Crypto! Down with the central banks! Let's all return to the Gold Standard!

Have you encountered such phrases in the wild? Confused, perhaps, as to why an afternoon beer with a friend become an extended diatribe against John Maynard Kaynes? Us too, which is why we're diving into the ideological source of such views: Libertarianism.

Welcome to Part 1 of a four part series where we, with Bruce Nielson (@bnielson01) as our battle-hardened guide, dive into Scott Alexander's non-libertarian FAQ. Ought George help, or ought George respect the government's property rights? Let's find out.

And make sure to check out Bruce's excellent The Theory Of Anything podcast here: https://podcasts.apple.com/us/podcast/the-theory-of-anything/id1503194218

0.2: Do you hate libertarianism?

To many people, libertarianism is a reaction against an over-regulated society, and an attempt to spread the word that some seemingly intractable problems can be solved by a hands-off approach. Many libertarians have made excellent arguments for why certain libertarian policies are the best options, and I agree with many of them. I think this kind of libertarianism is a valuable strain of political thought that deserves more attention, and I have no quarrel whatsoever with it and find myself leaning more and more in that direction myself.

However, there’s a certain more aggressive, very American strain of libertarianism with which I do have a quarrel. This is the strain which, rather than analyzing specific policies and often deciding a more laissez-faire approach is best, starts with the tenet that government can do no right and private industry can do no wrong and uses this faith in place of more careful analysis. This faction is not averse to discussing politics, but tends to trot out the same few arguments about why less regulation has to be better. I wish I could blame this all on Ayn Rand, but a lot of it seems to come from people who have never heard of her. I suppose I could just add it to the bottom of the list of things I blame Reagan for.

How do you summon libertarians at a party? Finish the punchline and tell us over at [email protected]

Special Guest: Bruce Nielson.

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Close your eyes, and think of a bright and pristine, clean and immaculately run recycling center, green'r than a giant's thumb. Now think of a dirty, ugly, rotting landfill, stinking in the mid-day sun. Of these two scenarios, which, do you reckon, is worse for the environment?

In this episode, Ben and Vaden attempt to reduce and refute a few reused canards about recycling and refuse, by rereading Rob Wiblin's excellent piece which addresses the aformentioned question: What you think about landfill and recycling is probably totally wrong. Steel yourselves for this one folks, because you may need to paper over arguments with loved ones, trash old opinions, and shatter previous misconceptions.

I will devote the rest of this section (and of this chapter) to brief appraisals of the recycling efforts for four materials — two key metals (steel and aluminum) and plastics and paper—and of electronic waste, a category of discarded material that would most benefit from much enhanced rates of recycling.

A list of the top 9 recycled materials can be found here: https://www.rd.com/list/most-recyclable-materials/

Glass bottles can be more pleasant to drink out of, but they also require more energy to manufacture and recycle. Glass bottles consume 170 to 250 percent more energy and emit 200 to 400 percent more carbon than plastic bottles, due mostly to the heat energy required in the manufacturing process. Of course, if the extra energy required by glass were produced from emissions-free sources, it wouldn’t necessarily matter that glass bottles required more energy to make and move. “If the energy is nuclear power or renewables there should be less of an environmental impact,” notes Figgener.

Puckett’s organization partnered with the Massachusetts Institute of Technology to put 200 geolocating tracking devices inside old computers, TVs and printers. They dropped them off nationwide at donation centers, recyclers and electronic take-back programs — enterprises that advertise themselves as “green,” “sustainable,” “earth friendly” and “environmentally responsible.” ...

The tracked electronics ended up in Mexico, Taiwan, China, Pakistan, Thailand, Dominican Republic, Canada and Kenya. Most often, they traveled across the Pacific to rural Hong Kong. (italics added.)

Once a rice village, the pollution has made Guiyu unable to produce crops for food and the water of the river is undrinkable. Many of the primitive recycling operations in Guiyu are toxic and dangerous to workers' health with 80% of children suffering from lead poisoning. Above-average miscarriage rates are also reported in the region. Workers use their bare hands to crack open electronics to strip away any parts that can be reused—including chips and valuable metals, such as gold, silver, etc. Workers also "cook" circuit boards to remove chips and solders, burn wires and other plastics to liberate metals such as copper; use highly corrosive and dangerous acid baths along the riverbanks to extract gold from the microchips; and sweep printer toner out of cartridges. Children are exposed to the dioxin-laden ash as the smoke billows around Guiyu, finally settling on the area. The soil surrounding these factories has been saturated with lead, chromium, tin, and other heavy metals. Discarded electronics lie in pools of toxins that leach into the groundwater, making the water undrinkable to the extent that water must be trucked in from elsewhere. Lead levels in the river sediment are double European safety levels, according to the Basel Action Network. Lead in the blood of Guiyu's children is 54% higher on average than that of children in the nearby town of Chendian. Piles of ash and plastic waste sit on the ground beside rice paddies and dikes holding in the Lianjiang River.

Consider the Apex landfill in Las Vegas. This handles trash for the whole city, which is ~700K people. The base of the landfill is currently 9km2 , but they've hinted at expanding it in the future. So let's assume they more than double it and put it at 20km2 . The estimates are that this landfill will handle trash for ~300 years "at current rates". I'm not sure if that includes population growth, so let's play it safe and assume not. So how much space does each person need landfill wise for the next 300 years? We have 20km2 / 700K people = 28.5 m2 per person for 300 years. For 400M people, that's roughly 12,000 km2. The US is roughly 10,000,000 km2. That's 0.012% of the US needed for landfills for the next 300 years. We definitely have the space.

What do you like to bring to your local neighbourhood tire-fire? Tell us over at [email protected]

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Vaden has selfishly gone on vacation with his family, leaving beloved listeners to fend for themselves in the wide world of epistemological confusion. To repair some of the damage, we're releasing an episode of The Theory of Anything Podcast from last June in which Vaden contributed to a roundtable discussion on the principle of optimism. Featuring Bruce Nielson, Peter Johansen, Sam Kuypers, Hervé Eulacia, Micah Redding, Bill Rugolsky, and Daniel Buchfink. Enjoy!

From The Theory of Anything Podcast description: Are all evils due to a lack of knowledge? Are all interesting problems soluble? ALL the problems, really?!?! And what exactly is meant by interesting? Also, should “good guys” ignore the precautionary principle, and do they always win? What is the difference between cynicism, pessimism, and skepticism? And why is pessimism so attractive to so many humans?

Which unsolvable problem would you most like to solve? Send your answer via quantum tunneling to [email protected]

Special Guests: Bruce Nielson and Sam Kuypers.

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While you're reading this you're having a thought. Something like "wow, I love the Increments podcast", or "those hosts are some handsome" or "I really wish people would stop talking about free will." Do you have a choice in the matter? Are you free to choose what you're thinking in any given moment, or is it determined by your genetics, environment, and existing ideas? Is the universe determined, are we all Frankenstein's monster? How does one profitably think about that question? Today we have Lucas Smalldon on to help us think through these questions.

We reference Lucas's blog post titled reconciling-determinism-and-free-will. Because it's is barely more than a tweet, we've included the entire post here as well:

Free will and determinism seem to conflict with each other. But the apparent conflict disappears when we understand that determinism and free will simply describe the world from radically different perspectives and at fundamentally different levels. Free will makes sense only within the context of the physical world, whereas determinism makes sense only from a perspective that is outside the physical world. Consider the determinist statement, “The future exists and has always existed”. It seems like a contradiction in terms, but only because our language forces us to express the idea misleadingly in terms of the past and future. If we assign special meanings to the temporal words in the statement—namely, if by the future we mean “objectively real events that from the perspective of our present have not yet happened”; and if by always we mean “transcending time itself” rather than the usual “existing across all time”—then the contradiction resolves. Assigning these special meanings allows us to express determinism as atemporal and objective: as a description of a physical reality of which time is an attribute. Conversely, free will, which is by far the more intuitive concept, is needed to explain certain kinds of events (i.e., choices) that occur within time, and thus within the physical world that determinism describes from the outside. Determinism and free will are compatible. We really do make choices. It’s just that, from an atemporal determinist perspective, these choices have “always” existed.

Follow Lucas on twitter or check out his blog.

How much do you want to want Frankenstein's monster? Send your answer down the tubes and over to [email protected]

Special Guest: Lucas Smalldon.

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Today we [finally] have on someone who actually knows what they're actually talking about: Mr. Bruce Nielson of the excellent Theory of Anything Podcast. We bring him on to straighten us out on the topics of creativity, machine intelligence, Turing machines, and computational universality - We build upon our previous conversation way back in Ask Us Anything I: Computation and Creativity, and suggest listening to that episode first.

Go follow Bruce on twitter (https://twitter.com/bnielson01) and check out his Theory of Anything Podcast here.

(Also Vaden's audio was acting up a bit in this episode, we humbly seek forgiveness.)

Create us up an email with something imaginatively rote, cliche and formulaic, and mail that creative stinker over to [email protected]

Special Guest: Bruce Nielson.

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Back to the C&R series baby! Feels goooooood. Need some bar-room explanations for why induction is impossible? We gotchu. Need some historical background on where your boy Isaac got his ideas? We gotchu. Need to know how to refute the irrefutable? Gotchu there too homie, because today we're diving into Conjectures and Refutations, Chapter 8: On the Status of Science and Metaphysics.

Oh, and we also discuss, in admittedly frustrated tones, the failed blog exchange between Brett Hall and Vaden on prediction and Austrianism. If you want the full listening experience, we suggest reading both posts before hearing our kvetching:

Hold on to your hats for this one listeners, because she starts off rather spicy.

Listening to this statement you may well wonder how I can possibly hold a theory to be false and irrefutable at one and the same time—I who claim to be a rationalist. For how can a rationalist say of a theory that it is false and irrefutable? Is he not bound, as a rationalist, to refute a theory before he asserts that it is false? And conversely, is he not bound to admit that if a theory is irrefutable, it is true?

Now if we look upon a theory as a proposed solution to a set of problems, then the theory immediately lends itself to critical discussion—even if it is non-empirical and irrefutable. For we can now ask questions such as, Does it solve the problem? Does it solve it better than other theories? Has it perhaps merely shifted the problem? Is the solution simple? Is it fruitful? Does it perhaps contradict other philosophical theories needed for solving other problems?

Because, as you [Kant] said, we are not passive receptors of sense data, but active organisms. Because we react to our environment not always merely instinctively, but sometimes con- sciously and freely. Because we can invent myths, stories, theories; because we have a thirst for explanation, an insatiable curiosity, a wish to know. Because we not only invent stories and theories, but try them out and see whether they work and how they work. Because by a great effort, by trying hard and making many mistakes, we may sometimes, if we are lucky, succeed in hitting upon a story, an explanation, which ‘saves the phenomena’; perhaps by making up a myth about ‘invisibles’, such as atoms or gravitational forces, which explain the visible. Because knowledge is an adventure of ideas. These ideas, it is true, are produced by us, and not by the world around us; they are not merely the traces of repeated sensations or stimuli or what not; here you were right. But we are more active and free than even you believed; for similar observations or similar environmental situations do not, as your theory implied, produce similar explanations in different men. Nor is the fact that we create our theories, and that we attempt to impose them upon the world, an explanation of their success, as you believed. For the overwhelming majority of our theories, of our freely invented ideas, are unsuccessful; they do not stand up to searching tests, and are discarded as falsified by experience. Only a very few of them succeed, for a time, in the competitive struggle for survival.

Would you rather be wrong or boring? Tell us at [email protected]

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Alright people, we made it. Six months, a few breaks, some uncontrollable laughter, some philosophy, many unhinged takes, a little bit of diarrhea and we're here, the last Ask Us Anything. After this we're never answering another God D*** question. Ever.

Producers of rational memes:

Producers of anti-rational memes:

What aren't you interested in, and how might you fix that? Tell us at [email protected]

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