Surprise, Surprise
The Euro likely to keep losing value.
The Euro likely to keep losing value.
Whenever I talk to people about the advancement of liberty, the issue of the internet comes up. We all realize how vital the internet has been for communication, networking, and most importantly, getting reliable information. Now there’s no need to watch the mainstream media because we can get news so many other places. I’ve marveled at the comparative freedom on the internet. Well, the FCC knows this too. And they’re not happy. And if the FCC ain’t happy, ain’t nobody happy.
Warning: This first paragraph is a bit of a digression from the topic at hand, but I feel it is necessary…you can skip it if you’d rather. A few months ago (May, to be precise) I started what we call a Mises Circle. We (usually 8-10 people) get together at a local restaurant once a month to talk about economics. This last meeting was sort of a free-for-all, there wasn’t any specific topic, everyone just shared their ideas, articles they had read, etc…One of the many topics was covered was (finally, here we go!) tariffs! I never like to agree…
Officials in Oakland figure they can ignore the 4th Amendment. This is what I keep trying to tell people, it doesn’t matter how limited the government is–on paper–they will get around it. They have since the Alien and Sedition Act…and they still are.
Books play a vital role in my life. They are extremely important to me. I was considering them this morning in light of the free market. Right now, if I want to read a book and not buy it, I will go to our local library. Sadly, the standards of this library have gotten lower and lower until I’m hard pressed to find a decent book. I generally must resort to filling out a request slip for a book at other libraries. And within 6-10 months, I receive the book I wanted! This was frustrating when I was studying WWII….
…to listen covertly to conversations. Not only do they have video surveillance, now it is voice surveillance. Scary.
Something that is very frustrating to me, and apparently Murray Rothbard, is the attitude people have towards the judicial system. It never occurs to them that the judicial system is absurd and can never possibly be for our own good. This upset Rothbard so much that he wrote a great article on it, here.
Chapter 12: Money Warehouses Since in the free market we would use some sort of coins, they would eventually get too bulky to carry around, and warehouses would emerge. We would store our money in a warehouse and carry a warehouse receipt that would guarantee our ownership of the money. Warehouses would probably be even more important with money than other items, since we will always withdraw other items from a warehouse to use. But money has no “use” per se, we can’t consume it, just exchange it. It is just transferred from one person to another, and there’s no…
He accidentally told the truth. Read more here.
At the conclusion of Rothbard’s book, “What Has the Government Done To Our Money?” he discusses the future of money in the post-Bretton Woods economy. He says that the only way to reach stability is to return to the classical gold standard of the 1800’s. Sadly, however, no one is interested in that, but rather, a world currency is the more “viable” option. Here’s a recent article about that.