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: government
How Government Regulation Makes Us Poorer
Oftentimes people, including so-called experts, compare apples and oranges by looking at data “before” and “after” an event, for instance, when discussing the effects of raising the minimum wage. So they might say that employment before was similar to after the hike, and then conclude that the change had no effect. But this is wrong, because there are plenty of changes in the economy that took place between the before and after — not only the minimum wage. So in order to figure out the effect of the minimum wage specifically, we must compare the “after” situation with what would have been had there been no minimum wage hike — the unseen.
Why We Need Less Politics and More Private Governance
We’ve lived through another election season, and this year, as with every years, the candidates competed to tell us about all the ways they were going to use the power of government to make our lives better. Unfortunately, many voters appeared quite sympathetic to the idea that government action can improve living standards and generally make markets work better. That’s the bad news. But, there are also trends at work right now that are bigger than any single election cycle, and while the candidates this year provided little reason for optimism, the voters themselves may be growing skeptical of just how much the government can solve all their problems. Nevertheless, one of the most important things we can do is really explain and understand how markets, and not government intervention, are our best hope for an orderly and prosperous society.
Thank You, Donald Trump
We advocates of liberty owe Donald Trump a great debt of gratitude. Thanks to Trump it is clearer than ever that most people who call themselves conservatives, and not just those who have lined up with Trump, are no cousins of ours. Freedom is not on their list of priorities. Neither is free enterprise. Nor civil liberties. And I need not mention war, peace, and empire.
Debunking Common Government Claims
It’s very rare to have parking bureaucrats respond to our defense with anything other than a curt, “DENIED”. So when I got the following from a friend I was really surprised. Not surprised at the content, just because there was a detailed response at all. Since it’s full of fallacies, and short of evidence, I thought it worthwhile to debunk.
Businesses Will Build the Roads
The pro-state position has been accurately characterized by the question “but who will build the road?” And now we have definitive, in my opinion, proof that without the state, without government, businesses will build the roads.
Words Poorly Used – Another Devil’s Dictionary #1
I particularly want to say thanks to my Writers Group friends who sent links that brought about quite a bit of thought in the Forelle cranial vault. Emerging is an homage to Ambrose Bierce, the author of The Devil’s Dictionary.
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.
There are No Good Cops… or Cop Defenders
Faced with the avalanche of despicable and unrelenting boot-licking propaganda from the John Birch Society (JBS) and its local disciples, you might believe that cops were not 53 times more deadly to Americans than terrorism. You might believe that 960 Americans had not already been slaughtered by the American Gestapo in 2016. You might even believe that being a cop was an unusually dangerous job. You might believe these things… but you would be incorrect on all counts.