Advertising, Part II

Dear Walter, As always I admire your writings. I just saw this one on LRC about ads “conditioning” people to buy a product: https://www.lewrockwell.com/lrc-blog/is-laissez-faire-capitalism-evil-since-firms-condition-customers-to-buy-their-goods-no/ This reminds me of a conversation I had with Murray Rothbard many, many years ago on the subject.  He told me that there are three ways to view ads. 1: It “forces” people to buy something (Socialist view) 2: It “conditions” people to buy a product 3: It makes people aware of the option of the product (aka it tells them something they were not aware of).  (Austrian view) 2 and 3 are not completely opposite … Continue reading Advertising, Part II