Inequality and Risk

I don’t think many people realize there is a connection between economic inequality and risk. I didn’t fully grasp it till recently. I’d known for years of course that if one didn’t score in a startup, the other alternative was to get a cozy, tenured research job. But I didn’t understand the equation governing my behavior. Likewise, it’s obvious empirically that a country that doesn’t let people get rich is headed for disaster, whether it’s Diocletian’s Rome or Harold Wilson’s Britain. But I did not till recently understand the role risk played.

State Education: Money

Eventually, per Rothbard, the pols saw that leaving the marching minions holding promises instead of solid specie was a dream come true. But they did also realize that an honorable verbal promise was an oxymoron. Enter the written promise, aka the IOU, aka scrip, aka paper currency. The typical note promised exchange for the purported full amount in gold, not sooner than 1 year hence. Many of the veterans began to barter these slips of paper for those things for which they could not wait a year — things like food!

Hate Corporations and Love Governments; An Ideological Monstrosity

The combination “hate corporations/love governments” has to be one of the most bizarre ideological monstrosities of the past 150 years. It seems that people in general are utterly incapable of recognizing real threats and distinguishing them from threats that are inconsequential by comparison or actually not threats at all. Ideology’s power to blind people and twist their understanding is truly astonishing.

An Open Letter to The Left: No, Libertarians Are Not Selfish

Dear progressives, Democrats, socialists, social democrats, democratic socialists, and those that generally identify with the colloquial version of the word “liberal”: No, libertarians are not selfish people. We don’t hate poor people, and we don’t want to see the less fortunate of our society left behind in what you might describe as “economic Darwinism.” My goal here, is to dispel this misconception and to help you gain an understanding of how libertarian principles relate to the concept of caring for the less fortunate.

Be More Antifragile

One of the major points of the book is that by designing all the danger out of things, trying to make the randomness and volatility go away and keep things smooth and “safe”, you make the danger worse. It’s inevitable and natural. Completely unavoidable. Just like how anti-gun “laws” actually increase the risks they claim to want to solve. The people who embrace these ideas may have good intentions, but they are idiots.