Defending the Undefendable
An excerpt from Walter Block’s book, here.
An excerpt from Walter Block’s book, here.
Here’s an article that will give all of us Ron Paulians hope!
Sometimes governments do their best for the economy, but they end up saying, “oops…” Well, here are 10 economic blunders, from ancient Rome to the Soviet Union.
The Euro likely to keep losing value.
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…
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….
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…
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.
Some argue that something called “encryption” will keep your emails, text messages, etc…safe from the governmental prying eyes.
By Murray Rothbard, here. Warning: This article is very long, and only for the brave of heart. I haven’t even attempted the whole thing yet, but hope to return when I have more time and give this article the time it deserves. I posted it because I feel that Friedman’s ideas are more dangerous than even Keynes. I’ve heard people say how Friedman was their “hero” and everyone assumes then, “oh, you must believe in the free market.” I think Friedman was a sort of impostor. That’s why we need someone like Rothbard to unveil his true motives and beliefs.