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Showing posts from July, 2020

The Underlying Problem with Young Americans For Liberty

  The Underlying Problem with Young Americans For Liberty   Derrell McIver Warning: This article includes discussion and description of sexual harassment.   “Political power is not being chummy with politicians. To effect real change, you have to threaten a politician's power.” -anonymous This is a very difficult article for me to write. Going into college, I did not know how of any political organization that shared my values of Liberty. That was until I helped in the founding of a Young Americans for Liberty chapter and became a dues-paying-member. After a brief interest in the Libertarian Party, I realized that YAL and its associated organizations were the best chance we have at seeing Liberty in politics in our lifetimes. Some people will read this article and call it “cancel culture.” That is not the intent. For that very reason, I have not included the name of the sexual harasser. Instead he will be given the name ‘John’. My goal here is to call out the leaders

Minecraft Economics: How the Nether Update uses the Subjective Theory of Value

What is an emerald worth in Minecraft? An emerald is the currency used in the popular game Minecraft for trading with NPCs called villagers and wandering traders. Emerald ore is an extremely rare resource in the sandbox world, yet every employed villager has quite a few to trade with the player. However, players have wondered how the emerald compares with real world currency. One YouTube Video by GameTheory tried to find this answer. First, they tried to convert it by comparing the USD cost of bread with the cost of bread in the game, but found that conversion does not translate to other goods. Next they used the labor theory of value to try to determine the USD to emerald conversion, but again came up with a nonsensical conversion. Finally, they tried to assume emeralds have an inherent value in real life and work backwards to determine the in-game USD cost. After using all of these methods, they come to the accurate conclusion that it's not really possible to convert