I completely understand if an American says, "Fuck you, it's my money." I respect that, and honestly, I'd probably say the same under similar circumstances.
What truly disgusts me, though, is seeing people bending over for that Russian son of a bitch.
Have you ever stopped to think about what kind of animal you become when you support him? And please, stop with your stupid "I'm not supporting him, I'm supporting the U.S.A."—as if you couldn’t support your country without kissing the murderer’s ass.
Screw whatever the Mises Institute says. Believe me, this war has nothing to do with NATO moving eastward. Was NATO moving eastward in Syria when Putin was bombing the shit out of children? Was he protecting them from NATO then?
Putin has killed and destroyed more than Hitler ever could have if he had lived past 1945.
In a world that even its von #Hayek tries to justify legitimacy of taxation, how the fuck you think you can change everything with just discussion and #democracy? Nah, you need a weapon to scare the shit out of them when showing how stupid they were in their past. And I think here, y'all know what that weapon is my comrades.
#Bitcoin #grownostr
... There remains a credible hypothesis that #China's problems were as much financial as they were resource-based. For one thing, the unitary structure of the Empire prevented the kind of fiscal #competition that drove financial innovation in #Renaissance #Europe and beyond. Additionally, the ease with which the Empire could finance its deficits by #printing #money discouraged the development of European-style capital markets.
Coinage was also more readily available in China than in Europe, thanks to the trade surplus with the West. In short, the Middle Kingdom had far fewer incentives to develop commercial bills, bonds, and equities. When modern financial institutions eventually arrived in China in the late nineteenth century, they were introduced as part of Western imperialism, and, as we’ll see, were always vulnerable to patriotic backlashes against foreign influence.
#FiatHistory #Bitcoin #NiallFerguson
Has anyone explored using Bisq's escrow mechanism beyond currency exchanges? Locking Bitcoin in multisig escrow creates a new form of trust—why not apply it to everything, like online stores? This could eliminate third parties, reduce costs, and build trust directly between sellers, buyers, and even deliverers. Thoughts?
#asknostr #bitcoin #bisq #exchange #p2p
just curious has anyone built a seedsigner that requires your finger print in order to sign something? #asknostr #bitcoin
"but we need public schools to identify talents"
#grownostr #hayek
Got a confession to make...
I totally misunderstood the whole fight between Milei and Hoppe. It's partly their own fault, they didn't get each other right too!
Anyway Bob Murphy explains the whole thing so damn well at 26:28
#grownostr #milei #hoppe #fiat #gold #fuckthecb
I’d argue that over-taxing #Bitcoin won’t be the state's way to fight it. Either they’re too smart to not to do it, or they’ll lose. Imagine what would happen if they over-taxed it—people would rely more on #P2P methods to buy and sell. Since it’s essentially a decentralized black market with no central authority, the price would rise significantly—not in the short term, but inevitably in the long run. It would be like the Prohibition era, but even harder for the state to control. This would be even more true in countries with dysfunctional governments. The same thing couldn’t happen with gold—there was no easy way to verify its authenticity. But with Bitcoin, don't trust, verify!
#grownostr
The Trudeau government’s decision to ban gasoline-powered cars by 2035 in the drive to “net zero” emissions is part of a global policy agenda kickstarted by a 2018 “Special Report” issued by the United Nations’ Intergovernmental Panel on Climate Change (IPCC). The report, titled Global Warming of 1.5°C, was commissioned to study the potential benefits of limiting warming to 1.5 degrees Celsius rather than the 2.0°C target stated in the Paris Agreement.
By coincidence, the same weekend the UN released its “Special Report,” Yale economist William Nordhaus won the Nobel Memorial Prize for his pioneering work on the economics of climate change. Major media treated the two events as complementary, assuming Nordhaus’ work supported the 1.5°C goal. On the contrary, his modeling work projected that the “optimal” amount of global warming by the year 2100 would be 3.5°C, a full two degrees higher than the popular target. In fact, Nordhaus’ model estimated that a 1.5°C ceiling would be so harmful to the economy that it would be better for humanity if governments did nothing at all about climate change rather than pursue such a draconian policy.
Read more here:
Fraser Institute
1.5°C global warming target based on shaky science
The Trudeau government wants to ban gasoline-powered cars by 2035.
#economics #climatechange #un #grownostr
Horatio Alger Jr. (January 13, 1832 – July 18, 1899) was an American author who wrote young adult novels about impoverished boys and their rise from humble backgrounds to middle-class security and comfort through good works. His writings were characterized by the "rags-to-riches" narrative, which had a formative effect on the United States from 1868 through to his death in 1899.
High-brows turn up their noses at Horatio Alger's philosophy. Yet Alger succeeded better than anybody else in stressing the most characteristic point of capitalist society.
Capitalism is a system under which everybody has the chance of acquiring wealth; it gives everybody unlimited opportunity. Not everybody, of course, is favored by good luck. Very few become millionaires. But everybody knows that strenuous effort—and nothing less than strenuous effort—pays.
All roads are open to the smart youngster. He is optimistic in the awareness of his own strength. He has self-confidence and is full of hope. And as he grows older and realizes that many of his plans have been frustrated, he has no cause for despair. His children will start the race again, and he does not see any reason why they should not succeed where he himself failed.
Life is worth living because it is full of promise.
#mises #capitalism #socialism #bureaucracy #grownostr
Statists claim "The government creates debt and outlines the path for development. If the private sector follows this development path, much of the created money is absorbed through the resulting economic growth and the taxes generated from it, which helps control inflation. In essence, what can provide citizens with benefits beyond what the free market offers are the secondary advantages that arise when the government aggregates small revenues. This is something market advocates often overlook."
But an unanswered question remains: why is it only the government that can chart such a path? Are private investors too blind or incapable to recognize these opportunities themselves? This question can generally be raised about all government interventions that aim to achieve Pareto improvements. If the ultimate goal is to improve overall welfare, and this involves improving the situation for one group (Group A) at the expense of another (Group B) in the short term, why can’t Group A persuade Group B to voluntarily give up their short-term interests?
Interestingly, the market operates in the opposite way. The market forces investors to redirect capital from less productive sectors (in the long term) to more productive ones. In doing so, it achieves the very goal that government advocates argue for, but in a more efficient and non-coercive manner.
#grownostr #freemarket #liberty #economics #fiat #state
Sure let's celebrate, but remember he wasn't pardoned by #state. #state just wasted 12 years of his probably awesome life.
#freeross
Just in case you didn't know "... By the time Ulbricht graduated, he had become interested in #libertarian economic theory and adhered to the political philosophy of Ludwig von #Mises."
"Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained; there are no schools for creativeness.
A genius is precisely a person who defies all schools and rules, deviates from the traditional roads of routine, and opens up new paths through land inaccessible before. A genius is always a teacher, never a pupil—always self-made.
He does not owe anything to the favor of those in power. However, the government can create conditions that paralyze the efforts of a creative spirit and prevent him from rendering useful services to the community."
- Ludwig von Mises
#grownostr #freeross #libertarianism #Bitcoin
Can you pin a note in nostr? #asknostr
There are 3 types of austrian economists. those who can count and those who can't.
#grownostr #jokestr
If we take Hayek's view of the price system as a system of telecommunications, one could imagine #Bitcoin as the most censorship-resistant and unmanipulable communication tool humanity has ever known or used. In other words, Bitcoin is nostrer than #Nostr!
"The most significant fact about this system is the economy of knowledge with which it operates, or how little the individual participants need to know in order to be able to take the right action. In abbreviated form, by a kind of symbol, only the most essential information is passed on and passed on only to those concerned. It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials, in order to adjust their activities to changes of which they may never know more than is reflected in the price movement."
F. A. #Hayek
#grownostr #austrianeconomics #fiat #economics
The core of Mises's Bureaucracy is this: the more power state bureaucracies hold, the less democratic the system becomes. Why? Because political bodies (like Congress) delegate decisions to external commissions. These commissions aren't elected by the people but by other bureaucrats, making them unaccountable to public welfare. This fosters irresponsibility and shifts toward totalitarianism—just as it did in Weimar Germany before Hitler’s rise.
Published in 1944 amid widespread socialist sentiment, Mises added a 1962 intro noting socialism’s decline in favor of interventionism. U.S. bureaucracy had grown but remained less pervasive than elsewhere, preserving liberalism. He argued trends change and America’s choices would influence the world—a prediction proven true in later decades.
#grownostr #mises #democracy #liberalism #bureaucracy #state #america
History + Comedy = Rothbard
If anything is simultaneously obvious and brilliant, it is Rothbard’s insight that governments are glorified gangs of criminals. How can anyone who knows the basic facts of history disagree? If you strip virtually any chapter of world history down to a postcard, it’s a story of vicious murderers killing each other in order to enslave nearby civilians. Nearly every guy nicknamed “the Great” was a serial killer on a massive scale – and not the nice kind, either.
If all this is so obvious, why don’t most works of history have a Rothbardian flavor? The answer, in short, is that most historians are serious. When they tell the story of William the Conqueror, for example, they take a considered, pompous tone, and treat all the key historical players with respect. They’ve usually got their facts straight, of course. But they don’t want to write the “story of William the Mass Murderer,” so they briefly mention his body count, then move on to William’s land titling policy.
source:
History + Comedy = Rothbard
Caplan and Candor
#grownostr #history #rothbard #libertarianism #state #war
Read the below argument of the great Murray in The Ethics of Liberty and tell me isn't he undoubtedly talking about Hoppe?
- It might be thought that the libertarian, the person committed to the "natural system of liberty" (in Adam Smith's phrase), almost by definition holds the goal of liberty as his highest political end. But this is often not true; for many libertarians, the desire for self-expression, or for bearing witness to the truth of the excellence of liberty, frequently takes precedence over the goal of the triumph of liberty in the real world. Yet surely, as will be seen further below, the victory of liberty will never come to pass unless the goal of victory in the real world takes precedence over more esthetic and passive considerations.
#grownostr #rothbard #libertarianism #hoppe #anarchocapitalism #philosophy
