"[Fractional reserve banking] Theorists who attempt to equate the irregular deposit contract with the loan contract fail to realize that their doctrinal stance ignores the true *cause* or purpose motivating the contracting parties to enter into a contract...*In other words, depositors hand over money as if making a deposit, and bankers receive it as if it were a loan*....Yet, what kind of contract has two essentially distinct legal causes? Or to put it another way: How is it possible that both parties to the same contract simultaneously intend to retain the availability of the same sum?" - Jesús Huerta de Soto, ***Money, Bank Credit, and Economic Cycles*** (2020) p. 136. 4th ed. Translated by Melinda Stroup. https://mises.org/library/book/money-bank-credit-and-economic-cycles #Agorism #Agorist #AnCap #Libertarian #Antistate #EndTheFed #FractionalReserveBanking #Theft #Fraud #IrregularDeposits #FullReserveBanking #FreeBanking #AustrianEconomics #SoundMoney #Fungibility #Bitcoin #Monero #Quotestr

The anarcho-capitalist legal theory explained. Source: @Ancap_doggo, X #AnCap #AnarchoCapitalism #Libertarian #Libertarianism #Antistate #Hoppe #Hoppean #PrivateLaw #Law #Ethics #Conflict #Scarcity #NonAggressionPrinciple #PropertyRights #Ownership #FreeMarket #Anarchism #Objectivism #FYP #Video #Videostr

🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

Me especially with all the firework noises outside making it impossible to sleep. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

New year, same me. GM #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

Happy New Year everyone!

Reason #999 to abolish the ED. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

Chump change #Agorism #Agorist #AnCap #Libertarian #Antistate #Antigovernment #Antipolitics #Audit #Pentagon #AuditThePentagon #EndThePentagon #MilitaryIndustrialComplex #WarMachine #MemoryHole

🤣🤣🤣 Source: @jaygarciashow, IG #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Carstr #Fartstr #Video #Videostr

Also applies when going to college. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Relatable #Lifestr #Factstr

What's the Freddy Fazbear doin'? #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

So many cases. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

My favorite games of 2025. #Gamestr

#Agorism #Agorist #Libertarian #Antistate #TaxationIsTheft #DontTreadOnMe #Freedom #Liberty #A3 #SEK3 #CounterEconomics #GrayMarket #BlackMarket #TaxEvasion #TaxRevolt

🤣🤣🤣 #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

I'm surprised he didn't burst into laughter immediately. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

"Bonuses are awarded *a posteriori,* based on objective information and according to a plan which has been established or agreed upon beforehand and articulated in a totally unequivocal fashion. Bonuses do not guide action, since they are awarded in a rigid and objective manner after the fact. Most of all, the granting of bonuses involves an interpretive judgment about events, a judgment which is only meaningful if made entrepreneurially, but not if it arises from the commands of a central planning agency (which lacks the information necessary to award bonuses in anything but an arbitrary manner), or if bonuses have been established beforehand for all cases and depend on the meeting of certain, more or less measurable criteria." - Jesús Huerta de Soto, ***Socialism, Economic Calculation, and Entrepreneurship*** (2010) p. 241. Translated by Melinda Stroup. #AnCap #Libertarian #Libertarianism #Antistate #FreeMarket #MarketEconomy #FreeTrade #Enterprise #Entrepreneuership #Competition #Competitive #TimePreference #Consequentialism #Quotestr

"We know that information is subjective and dynamic, and that it is constantly created as those who are free to grasp profit opportunities through entrepreneurship come to perceive these opportunities. Because entrepreneurship is, by definition, eliminated when private ownership of the means of production is abolished, and as a result, individuals lose the possibility of freely perceiving goals and striving to achieve them, such goals cease to act as an incentive, and the information vital to reaching them is not generated. Consequently, by definition, wherever free entrepreneurship does not exist, one can never assume that the information which arises only from the process entrepreneurship drives will be generated." - Jesús Huerta de Soto, ***Socialism, Economic Calculation, and Entrepreneurship*** (2010) p. 194. Translated by Melinda Stroup. #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #Mises #Hayek #PrivateProperty #PrivateOwnership #FreeMarket #MarketEconomy #Subjective #Dynamic #Entrepreneurship #Competition #Incentives #Praxeology #HumanAction #Quotestr

Get yourself a lady as loyal as her, gentlemen. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Datestr #Barstr #Womenstr #Video #Videostr

Not to mention overpriced food and drinks! Source: @_videojames_ig, IG #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Voiceover #Video #Videostr