“When a portion of wealth is transferred from the person who owns it–without his consent and without compensation, and whether by force or by fraud–to anyone who does not own it, then I say that property is violated; that an act of plunder is committed.” — The Law by #FrederickBastiat https://a.co/0Xj5kVK

“But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.” — The Law by #FrederickBastiat https://a.co/4I8X57W

For all you “Bitcoiners” out there that say The Fed doesn’t get audited…

Federal Reserve System Audited Annual Financial Statements

The Federal Reserve Board of Governors in Washington DC.

“But even in the United States, there are two issues–and only two–that have always endangered the public peace. Slavery and Tariffs Are Plunder What are these two issues? They are slavery and tariffs. These are the only two issues where, contrary to the general spirit of the republic of the United States, law has assumed the character of plunder. Slavery is a violation, by law, of liberty. The protective tariff is a violation, by law, of property. Its is a most remarkable fact that this double legal crime-a sorrowful inheritance of the Old World-should be the only issue which can, and perhaps will, lead to the ruin of the Union. It is indeed impossible to imagine, at the very heart of a society, a more astounding fact than this: The law has come to be an instrument of injustice. And if this fact brings terrible consequences to the United States-where only in the instance of slavery and tariffs-what must be the consequences in Europe, where the perversion of law is a principle; a system?” — The Law by #FrederickBastiat https://a.co/0EHj0KQ

“As long as it is admitted that the law may be diverted from its true purpose–that it may violate property instead of protecting it–then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder.” — The Law by #FrederickBastiat https://a.co/fQ8PMAJ

“In fact, if law were restricted to protecting all persons, all liberties, and all properties; if law were nothing more than the organized combination of the individual's right to self defense; if law were the obstacle, the check, the punisher of all oppression and plunder–is it likely that we citizens would then argue much about the extent of the franchise?” — The Law by #FrederickBastiat https://a.co/ct3weOX

One week…can you do it…? I bet you can’t. See you in a month. 10-22-2023 2206

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“Producers, being self-interested humans, will not sell a good for a price that does not cover their entire cost of production. They would rather go out of business and stay home than work in a business that loses them money. So trying to mandate lower prices simply results in the destruction of the human incentive to produce a good, resulting in higher prices and even lower supplies. The other inevitable consequence of price controls is the emergence of black markets where the seller and buyer can transact at rates suitable to both of them, but without the attention of the government.” Principles Of Economics by @Saifedean Ammous

"All life on earth depends on the freedom to move"

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“Capitalism weaponizes human reason in the service of innovations that benefit humanity, and it rewards it to the extent it succeeds. If fiat allows governments to capture the beating heart of civilization, capitalism is the brain fighting back by incentivizing reason to find a solution to this problem.” Principles Of Economics by @Saifedean Ammous

Principles Of Economics

“Finding fault with the concept of self-ownership and capitalist division of labor and civilization is not an argument. It is a glorified return to monkeys flinging their own feces at each other—merely a reversion to nonhuman animal life. The problem with being an opponent of capitalism is that you cannot do anything against capitalism that is any more complex than slinging your feces without becoming a capitalist. Any weapon more complex than your own feces requires delayed gratification and capital accumulation. Any weapon beyond what you can make with your bare hands requires participation in the global division of labor. The opponents of capitalism destroy their own ability to produce, specialize, and innovate, making themselves weaker and less impactful. Capitalist civilization continues to win because its opponents either fling their feces powerlessly at it, or engage in it to try to fight it, effectively supporting it and pushing it forward.” Principles Of Economics by @Saifedean Ammous

Principles Of Economics

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“Human civilization is inescapably linked to the economizing methods we have found to increase the value and quality of our time on Earth. Both require lowering time preference, capital accumulation, and the division of labor, which in turn require peaceful social cooperation and human ingenuity, which applies human reason to whatever problems it confronts and attempts to achieve the best outcomes possible. These are the three processes that elevate human labor above the labor of animals, allowing us to build civilization and increasingly master our environment and surroundings.” Principles Of Economics by @Saifedean Ammous

Principles Of Economics

“A libertarian rejects the legitimacy of a government initiating aggression against a peaceful drug consumer, but would not reject the right of individuals to refuse to live next to, work with, or be part of the same security agency as a drug consumer.” Principles Of Economicss by @Saifedean Ammous

Principles Of Economics

“In a free market for security, private providers have no tax revenue to subsidize them, and so must economize to survive and succeed. They would aim to minimize violent conflict and, to the greatest extent possible, seek peaceful solutions because doing so is good business. Private security guards in private establishments have nowhere near the same nasty reputation as police, precisely because they operate in a free market with accountability to the customer, and they have rational market calculation motivating their decisions, training, and operation. Private security guards everywhere illustrate that it is possible to provide security without having a monopoly and without being in charge of applying and interpreting the law that governs your behavior.” Principles Of Economics by @Saifedean Ammous