Michael Matulef
MichaelMatulef@nostrplebs.com
npub1t42g...87qz
Know Thyself | Everything Voluntary✌️ | Follow the Tao
A reminder
Bitcoin Audible Read_852 - Nature's Many Attempts to Evolve a Nostr
@Guy Swann
Fountain
Bitcoin Audible • Read_852 - Nature's Many Attempts to Evolve a Nostr • Listen on Fountain
"The server owns your data, owns your account, and owns the cryptographic keys used to secure it.
That last bit is obscure, but important. Cryptogr...
Unpacking Mises: Fractional Reserve Banking and the Currency School
Fountain
The Human Action Podcast • Unpacking Mises: Fractional Reserve Banking and the Currency School • Listen on Fountain
Mises Fellow Kristoffer Hansen joins Bob to discuss Mises’ perspective on fractional reserve banking and free banking. Earlier this month, Larry ...
@Guy Swann's Roundtable w/ @Jeff Swann, @Simple Steve, & @Bitcoin Mechanic
Fountain
Bitcoin Audible • Roundtable_003 - Oct 2024 - Elections, Faketoshi Sues Again, Taxess, and ECB Concerned about FaiRNeSs • Listen on Fountain
How will governments respond to the growing threat of decentralized money, and what are the implications for individual freedom and sovereignty? An...
What stands in the way is the Way
One was left wondering at the true magic of that Halloween — namely, at the transforming effect of something as simple as the opportunity for free exchange, for the chance to derive mutual benefit from the difference in tastes between individuals.
In this, at least, Halloween was all about treats, and, despite what the opponents of the exchange economy will tell you, there was no trick about it anywhere you looked.
https://mises.org/mises-daily/halloween-and-its-candy-economy
A judicial monopoly will inevitably lead to a steady deterioration in the quality of justice and protection. If no one can appeal to justice except to government, justice will be perverted in favor of the government, constitutions and supreme courts notwithstanding. Constitutions and supreme courts are state constitutions and agencies, and all limitations to state action they might contain or find are invariably decided by agents of the very institution under consideration. Predictably, the definition of property and protection will continually be altered and the range of jurisdiction expanded to the government's advantage until, ultimately, the notion of universal and immutable human rights and in particular property rights-will disappear and be replaced by that of law as government-made legislation and rights as government-given grants.
- Hans Herman Hoppe
A tax-funded protection agency is a contradiction in terms--an expropriating property protector--and will inevitably lead to more taxes and less protection. Even if, as some classical liberal statists have proposed, a government limited its activities exclusively to the protection of pre-existing private property rights, the further question of how much security to produce would arise. Motivated (like everyone) by self-interest and the disutility of labor but endowed with the unique power to tax, a government agent's response will invariably be the same: To maximize expenditures on protection-and almost all of a nation's wealth can conceivably be consumed by the cost of protection-and at the same time to minimize the production of protection. The more money one can spend and the less one must work to produce, the better off one will be.
- Hans Herman Hoppe
Alone on his island, Robinson Crusoe can do whatever he pleases. For him, the question concerning rules of orderly human conduct—social cooperation—simply does not arise. Naturally, this question can only arise once a second person, Friday, arrives on the island. Yet even then, the question remains largely irrelevant so long as no scarcity exists. Suppose the island is the Garden of Eden; all external goods are available in superabundance. They are “free goods,” just as the air that we breathe is normally a “free” good. Whatever Crusoe does with these goods, his actions have repercussions neither with respect to his own future supply of such goods nor regarding the present or future supply of the same goods for Friday (and vice versa). Hence, it is impossible that there could ever be a conflict between Crusoe and Friday concerning the use of such goods. A conflict is only possible if goods are scarce. Only then will there arise the need to formulate rules that make orderly—conflict-free—social cooperation possible.
In the Garden of Eden only two scarce goods exist: the physical body of a person and its standing room. Crusoe and Friday each have only one body and can stand only at one place at a time. Hence, even in the Garden of Eden conflicts between Crusoe and Friday can arise: Crusoe and Friday cannot occupy the same standing room simultaneously without coming thereby into physical conflict with each other. Accordingly, even in the Garden of Eden rules of orderly social conduct must exist—rules regarding the proper location and movement of human bodies. And outside the Garden of Eden, in the realm of scarcity, there must be rules that regulate not only the use of personal bodies but also of everything scarce so that all possible conflicts can be ruled out. This is the problem of social order.
- Hans Herman Hoppe
Was Ricardo's Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade?
Fountain
Mises Media • Was Ricardo's Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade? • Listen on Fountain
In response to Murphy's recent article on comparative advantage, economist Jorge Morales Meoqui objected that Murphy was continuing the same errone...
Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law. Are they not the supreme legislator?...It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker, and the more they are inwardly convinced that his objections are well founded, the more they hate him.
- Mises
No words can capture the joy you feel when your newborn laughs for the first time.
People seem not to see that their opinion of the world is also a confession of character.
- Ralph Waldo Emerson
