• 1:00    |    
    Recapitulation of the past conference
  • 3:11    |    
    Individual rights
    • Thomas Jefferson and the Declaration of Independence
    • Pre-existence of rights
    • The Constitution doesn't give us rights
    • Restricting governmental power
  • 19:30    |    
    Freedoms in society
  • 22:22    |    
    Free enterprise
  • 22:54    |    
    Legal cases
    • "Legal Tender Cases"
    • "Slaughterhouse Cases"
      • The battle between liberals and socialists
      • Society was taught that free enterprise failed
    • "West Coast Hotel vs. Parrish"
  • 41:00    |    
    Amendments for individual liberty
    • 1. No law shall be enacted respecting the regulation of economic activiy or abridging the free exercise thereof
    • 2. No subsidy, grant, monopoly, protection from domestic or foreign competition, or any privilege shall be granted to anyone.
    • 3. No law shall be enacted providing education, healthcare, or welfare for anyone.
  • 46:50    |    
    Discussion and questions
    • Do you think an amendment would be necessary in the sense that no law shall be passed imposing taxes, except to fulfill the specific needs of the government?
    • How do you make an efficient state?
    • What do you think about the monetary system, and central banking?
    • Do you think that individual civic resposibility is important?
    • What do you think about the situation in the United States, is it getting better?
    • Comment: Most of us have to take responsibilities for our actions.
    • How do you break the status quo?

The Austrian Economics and the libertarian ideal: The nature and purposes of government

New Media  | 07 de agosto de 2001  | Vistas: 544

About this video

The United States of America has come a long way since it declared its independence in 1776. On that date, Thomas Jefferson expressed the idea that man has been endowed with certain fundamental rights given by nature or God; rights that pre-exist government. Although this couldn’t be any clearer, people tend to wrongfully believe that their rights came from the government when they really weren’t. Jacob Hornberger uses this argument as a platform to state that the only role of government is the warranty of security and justice; hence, it is the population’s servant. Throughout this lecture, he marks the difference between pre-existing rights and the rights that have been invented in order to gain free education and healthcare – rights that go against nature and freedom. He expresses the need to restrict governmental power, supports the freedom of enterprise which is reflected on the amendments and suggests that it should be added to the Constitution in order for a country to really be free.


The Austrian Economics and the Libertarian Ideal: The Nature and Purposes of Government
Jacob G. Hornberger

Auditorio Friedrich A. Hayek
Universidad Francisco Marroquín
Guatemala, August 7, 2001

A New Media - UFM production. Copyright New Media/UFM, 2001
Video production: Pedro Pablo Quezada, D'Todo Producciones; digital production: New Media, UFM; encoding: Christian Van Der Henst; index: Inés Zuñiga; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; GML: Fernando De León


Jacob G. Hornberger is the founder and president of The Future…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín