Natural currency is that which is chosen by free and peaceful people to interact in. It is chosen because it has been demonstrated to be of superior value as compared with currencies of the past. The value of currency is its ability to lubricate transactions and facilitate trade. When it no longer effectively serves this function it must and will be summarily abandoned and replaced with a better alternative.
Tag: civilization
Words Poorly Used #72: Oligarchy
I got in trouble last month for using the term “oligarchy” in, admittedly, a pejorative sense. Here’s what I wrote on Facebook: “No matter how one votes tomorrow, the winner will be oligarchy A or oligarchy B (where A = B).” Very good friends called me to task for this logic fallacy, justifiably so since I had committed several logic fallacies, the worst of which was the fallacy of begging the question. My premises assumed their own truth without establishment. Is the USA really run by an oligarchy?
So-Called Intellectual Property
Property ownership is central to liberty and civilization. Property rights prevent conflict over the use of scarce resources. Ironically, the term “intellectual property” (aka “IP”) represents a hodgepodge of concepts that generally introduce artificial scarcity and needless conflict.
Property and Ownership
To claim ownership of your body implies independent agency and liberty. It also implies that you have a right to exclude others from possessing, using, or controlling your body. In other words, your body is your property.
The Five Institutions of the Market Economy
Let us see what the basic institutions of the market economy are. We may subdivide them for convenience of discussion into (1) private property, (2) free markets, (3) competition, (4) division and combination of labor, and (5) social cooperation. As we shall see, these are not separate institutions. They are mutually dependent: each implies the other, and makes it possible.
Voluntaryism – Don’t Tread On Anyone
If free people do nothing to fight for the freedom of everyone, then all will soon be enslaved. If those with even a modicum of freedom do not fight for every last inch they can gain back from the perilous grasp of tyranny, then tyranny will reign over all.
Democracy Is War by Other Means
Democracy is war by other means. Superficially, it is waged with ballots instead of bullets. At the end of the day, those ballots become bullets. Elections load real guns and aim them at real people. If you disobey the commandments handed down by elected officials, beefy men with shaved heads and Ray-Ban sunglasses will come to take you away. If you resist them, hot lead will fly. Elections are scrambles for control over the service weapons that propel those rounds. In such contests, every faction is trying to point the gun barrels at someone else.
Kids for Kash, Dictator Fallacy, Combinatorics
Send him mail. “Finding the Challenges” is an original column appearing every other Wednesday at Everything-Voluntary.com, by Verbal Vol. Verbal is a software engineer, college professor, corporate information officer, life long student, farmer, libertarian, literarian, student of computer science and self-ordering phenomena. Archived columns can be found here. FTC-only RSS feed available here. I will…
Division of Labor, Evolution, Tom Woods
Send him mail. “Finding the Challenges” is an original column appearing every other Wednesday at Everything-Voluntary.com, by Verbal Vol. Verbal is a software engineer, college professor, corporate information officer, life long student, farmer, libertarian, literarian, student of computer science and self-ordering phenomena. Archived columns can be found here. FTC-only RSS feed available here. With today’s…
Short vs Long, Opportunism, Just This Once
Send him mail. “Finding the Challenges” is an original column appearing every other Wednesday at Everything-Voluntary.com, by Verbal Vol. Verbal is a software engineer, college professor, corporate information officer, life long student, farmer, libertarian, literarian, student of computer science and self-ordering phenomena. Archived columns can be found here. FTC-only RSS feed available here. Because many…