Fatboy Slim on modern music gear:
“In Ableton you can just have the samples all running, and you can have them all running at the same speed, you can change the pitch of them. But to be honest, to me that’s lost a lot of the appeal and the excitement of the record-making process. Which is one of the reasons why as a producer I’ve become increasingly less prolific because I just don’t get excited about pushing a mouse about and looking at Ableton and thinking, ‘You can do anything, you’ve got everything right there in front of you.’
“When I was limited to the record collection and samples that I had, and the three synthesizers that I had that I knew inside out, that directed a certain course of where I could go with it. And it would be exciting to be bending the rules. But now everything’s laid on a plate for you and there’s too much choice. Before it was like, ‘What can I get out of a 909? What can I get out of a 303?’ Now it’s like you’ve got every single synth under the sun you can call up. I kind of don’t know where to start.”
How Higher Costs Help the Biggest Companies - Peter G. Klein
Does any business like higher costs? Does any company like increased regulations, whether good or bad, which make it more difficult to operate? Does any company want a government that does this type of thing, and will support such a government?
Yes, in a competitive market, those types of difficulties benefit the biggest companies, who have the resources to do these things easily, and which will make business relatively harder for their smaller business competitors who might even go out of business. It’s in their interest to support governments who promise and execute these types of governmental actions, making it costlier to do business.
Economist Peter G. Klein, speaking at a recent Mises podium, gave some examples of this:
“Walmart can easily afford to design the parking lot in a certain way to make sure there are no steps as you enter the store. It’s easy for Walmart to do, and of course Walmart Corporation has hundreds, maybe thousands, of attorneys and compliance officers and all sorts of folks who specialize in understanding the regulations and making sure the firm is in compliance. Mom and Pop stores don’t have that. They can’t afford to build a ramp instead of stairs. They can’t afford to re-pave their parking lot. They don’t have a lawyer on retainer who can help them decipher the latest requirement of the Americans with Disabilities Act.
“So large companies often lobby for more regulation, for stricter government requirements on disclosure and so forth, because they know they can afford it and their smaller, newer rivals cannot afford it.”
Most important economics books, according to Prof. David Gordon
At a recent Mises presentation, American libertarian philosopher and intellectual historian and senior fellow at the Mises Institute Dr. David Gordon listed his top 8 picks for understanding economics. They are (with links to places on the Mises website where they can be downloaded free):
- Frédéric Bastiat, The Law
- Murray N. Rothbard – What Has Government Done to Our Money?
- Henry Hazlitt, Economics in One Lesson
- Ludwig von Mises, Socialism: An Economic and Sociological Analysis
- Murray N. Rothbard – Man, Economy, and State, with Power and Market
- Ludwig von Mises, Human Action
- Murray N. Rothbard, An Austrian Perspective on the History of Economic Thought