The word “money” comes from the Latin moneta, which is where coins of precious metal were made and stored. Precious metals naturally rose to the top of money markets because they are scarce, long-lasting, and valued by weight. Gold in particular became the standard for money because it is uniquely suited to serve the purposes of money.
Episode 057 looks at two Stoic topics: the first from Marcus Aurelius who wrote, “It is essential for you to remember that the attention you give to any action should be in due proportion to its worth, for then you won’t tire and give up, if you aren’t busying yourself with lesser things beyond what should be allowed.”; and the second from r/Stoicism, a post by EricHennigan, which started, “I was thinking about Epictetus’ reminder that some things are under our control and others not. If we push this idea really hard, there are many things that I might naively consider under my control, but which, when examined more closely are not. For example, thoughts randomly bubble into my mind and I do not control that. Emotions can overwhelm my rational faculties, causing me a temporary insanity. Many external factors control the direction of my life. The simple, naive, lowercase stoic advise seems to recommend that I not try to control things which I cannot. I think this interpretation would be a disastrous mistake.”
What has happened with tech companies over the last several years have really challenged certain perceptions I have held on government, private businesses, and markets.
Here are five ideas for turning action into agency regarding Big Tech and social media.
“Those who make peaceful revolution impossible,” President John F. Kennedy said in a 1962 speech, “will make violent revolution inevitable.” Nearly 60 years later, two warring groups within the American political class seem resolutely determined to make “peaceful revolution” — by which JFK seems to have meant orderly democratic decision-making — impossible.
Unsurprisingly, not all economists agree on how to approach what used to be called “political economy”. Adam Smith in 1776 defined it as “an inquiry into the nature and causes of the wealth of nations”. It was understood that the default state of mankind was poverty, so the question was how people become wealthy.
Episode 451 welcomes back Shepard the Voluntaryist to chat with Skyler on the following topics: sitting on the sideline during political uncertainty; trying on different colored glasses to see the world more clearly; JP Sears success and using comedy to fight the state; Washington DC redneck hooliganism; the outpouring of propaganda through 2020 and 2021; uncontrolled kids becoming uncontrollable adults and untraumatized kids becoming peaceful adults; making peace with going to prison for frivolous and arbitrary reasons; defending yourself with surety bonds, challenging jurisdiction, petroleum jelly, or whatever you can to stop their attack on your peaceful behavior; making the most of being a prisoner, recognizing your sphere of control; dealing with prisoner politics in various ways; the perseverance of the 1st and 2nd Amendments, or rather, the perseverance of the American cultural commitment to free speech, free religion, peaceable assembly, and bearing arms; and more.
If 2020 wasn’t the best year, look in the mirror to see who’s responsible for making 2021 better.
Parents can help children choose freedom over force, and ensure that these lockdowns never, ever happen again.
The anonymous author of the satirical “Homeless Camping in Austin: A Modest Proposal” has also sent me this more serious guest post. The title is mine. “Democratic centralism,” you may recall, is the Leninist practice of demanding strict loyalty to a party line after a (usually perfunctory) debate. Printed with the author’s permission.