I know a lot of people shun gambling and card playing, but there are some valuable lessons that can be learned from poker. I find that playing a few rounds can be rather educational. Of course, I’m not suggesting that people take their mortgage payments to Vegas in hopes of coming back rich. This is just a list of a few life lessons that poker (specifically No Limit Texas Hold’em) can teach to those who are paying attention.
Tag: rules
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.
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.
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.
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.
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.
Another Ticket Dismissed – Lack of Evidence Proving Jurisdiction
The foundation of jurisdiction and the charge, is that if one is physically in Texas, then the constitution and laws apply. If the “laws” apply, then they can be violated. If they don’t, then they cannot. As you can see, the motion was granted by the judge, the reason is insufficient evidence.
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.
The Trouble With Politics
Politics is of its very nature is biased in favor of intervention and planning. Even in its “minarchist” or “night-watchman” version, politics is based at root on the idea that some decisions must be made coercively and imposed on unwilling minorities – or even majorities, as the case may be. This is contrary to the principle we observe in private life every day: the consent of both parties is necessary for a transaction to take place.
We Have Almost Destroyed Childhood
To me it boils down to this: A lack of unsupervised free time is a mental and physical HEALTH CRISIS — and also a potential democratic crisis. If kids never learn that they are safe when they’re unsupervised, they will always expect and even demand supervision. With that, they’re abdicating their own role in shaping their lives and society, and trusting authority to tell them what to do, how to act, what to believe.