We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

 

In this episode, I philosophize on liberty with Libertarian and fellow podcast host Eric Benzenhoefer. In order for society to more fully pursue ideals, we must have an idea of what those ideals should look like. Here, we consider liberty, its interplay with economic prosperity, and the moral implications of laws.

 

Key Points in the Podcast:

-Liberty begets economic prosperity

-American forefathers founded the U.S. on the principle of liberty

-Society fails to live up to true liberty due to man’s covetous nature

-People often give up freedom for a sense of security

-The U.S. government instituted income tax as a temporary measure, but it unsurprisingly became permanent

-Governments have “power creep”, a constant desire to slowly increase their control

-People forget history and then repeat the same mistakes of the past

-The need to consider the full implication of every law before its made

-The dichotomous view of government as either a caring parent or unsympathetic oppressor

-The “invisible hand” of the free market automatically allocates capital to ideas, companies, and people that create value in an economy

-Pain is a good thing; it disincentivizes negative behavior

 

Eric is the co-host of the Idea Tank Podcast, where they pontificate on potential business ideas.

 

Lastly, you can subscribe to The Post Money Plan podcast here.