Category Archives: Essays

The Peer-to-Peer Economy: Death Blow to the State

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“The most radical application of this idea concerns money and finance. After one-hundred years of government production of currency, and government sponsorship of banking institutions, P2P networks are now providing payments systems, loan markets, and even currency units such as Bitcoin. The implications of this are of course remarkable to consider. It’s one thing to dispense with the need for film processing; its something else entirely to toss away central banks, regulated stock markets, and departments of treasury. These are the heart and soul of political power itself.”

http://tucker.liberty.me/2014/05/05/the-peer-to-peer-economy-death-blow-to-the-state/

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Ludwig von Mises: Come Back to Gold

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“In every instance of inflation or credit expansion there are two groups, that of the gainers and that of the losers. The creditors are the losers; it is their loss that is the profit of the debtors. But this is not all. The more fateful results of inflation derive from the fact that the rise in prices and wages which it causes occurs at different times and in different measure for various kinds of commodities and labor. Some classes of prices and wages rise more quickly and to a higher level than others. While inflation is under way, some people enjoy the benefit of higher prices on the goods and services they sell, while the prices of goods and services they buy have not yet risen at all or not to the same extent.”

https://mises.org/daily/6415/Come-Back-to-Gold

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Central Planning by Central Bankers

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“The agency that controls monetary policy for the United States has an unlimited amount of money to buy support, compliance, or least silence within that segment of professionally trained economists that specializes in money and banking. The Federal Reserve gets to keep all the money that it wants for operations. It has to turn back over to the Treasury Department any money that is not used for operations, but it does not answer to Congress or the Treasury with respect to how it spends its money. This means that the Federal Reserve has essentially unlimited funds available to buy off those critics who might challenge Federal Reserve policy.”

http://www.garynorth.com/public/12584.cfm

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Liberty, NORML and Marijuana Legalization vs. Decriminalization

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“There has always been a market for marijuana. In many ways, it’s a product that, for decades, has literally sold itself. When the day comes that state and federal laws allow for the licensed production and commercial distribution of cannabis, it is likely that the majority of the cannabis consuming public will choose that legal, above-ground product over a black market, illicit product. And in that respect, there will be an opportunity for licensed entrepreneurs and businesses, and for the investors backing those entrepreneurs and businesses, to get in at the ground floor of what will certainly be a lucrative market that enjoys consistent high levels of public demand.”

http://www.thedailybell.com/exclusive-interviews/35378/Anthony-Wile-Paul-Armentano-on-Individual-Liberty-NORML-and-Marijuana-Legalization-vs-Decriminalization/

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Class War in the Time of Robin Hood

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“The Statute of Labourers (1351) made it illegal for peasants to accept wages that were higher than pre-plague levels. Meanwhile, food prices skyrocketed, as we should expect from a doubling of the supply of money relative to food supply.  The poor, forced to endure hunger and shortages, could see ever more clearly that the source of their suffering was not just bad weather or pestilence; it was a political class growing rich from peasant labor.  And if the Black Death had destroyed the survivors’ belief in the security of an unchanging life, it also led them to question the supporting ideology of feudalism.  An oppressed people with a clear enemy and a belief in the reality of change is a recipe for revolution.”

http://www.fee.org/the_freeman/detail/class-war-in-the-time-of-robin-hood

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Ron Paul: Haven’t We Already Done Enough Damage in Iraq?

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“Last week the second largest city in Iraq, Mosul, fell to the al-Qaeda allied Islamic State in Iraq and Syria (ISIS). Last week an al-Qaeda that had not been in Iraq before our 2003 invasion threatened to move on the capitol, Baghdad, after it easily over-ran tens of thousands of Iraqi military troops. The same foreign policy ‘experts’ who lied us into the Iraq war are now telling us we must re-invade Iraq to deal with the disaster caused by their invasion! The Obama administration has said no option except for ground troops is off the table to help the Iraqi government in this crisis. However, the administration does not consider Special Forces or the CIA to be ‘boots on the ground.'”

http://www.thedailybell.com/editorials/35399/Ron-Paul-Havent-We-Already-Done-Enough-Damage-in-Iraq/

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Removing Impediments to Bitcoin’s Success

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“The foundation’s work to standardize, protect, and promote Bitcoin is fostering the development of a new economic, commercial, and (in some respects) social system, so there’s no end to the things we might do. Prioritizing our efforts is key. So today, I’m pleased to announce the release of my study, called Removing Impediments to Bitcoin’s Success.  It is essentially an orthodox risk management study. The study first seeks to capture what makes Bitcoin an asset worth protecting. Then the study calculates the threats to Bitcoin in each of its key dimensions. Finally, the study groups together areas of risk, identifying potential measures of success or failure in efforts to respond to them.”

https://bitcoinfoundation.org/2014/04/02/removing-impediments-to-bitcoins-success-and-your-role-in-holding-us-to-account-2/

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Niall Ferguson: Networks and Hierarchies

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“The near-autarkic, commanding and controlling states that emerged from the Depression, World War II, and the early Cold War exist only as pale shadows of their former selves. Today, the combination of technological innovation and international economic integration has created entirely new forms of organization—vast, privately owned networks—that were scarcely dreamt of by Keynes and Kennan. Are these new networks really emancipating us from the tyranny of the hierarchical empire-states? Or will the hierarchies ultimately take over the networks as they did a century ago, in 1914, successfully subordinating them to the priorities of the national security state?”

http://www.the-american-interest.com/articles/2014/06/09/networks-and-hierarchies/

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Private Cities 101

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“Proprietary communities offer people a way to get rich by providing public goods. Public goods affect the value of the land on which they are provided. A classic example is schools. Good schools can increase land value by thousands—if not tens of thousands—of dollars. Similarly, police, roads, parks, and sanitation tend to raise land values. Because a proprietor or developer’s income depends on the value of the land he is renting out, he has incentives to provide public goods as part of his total offering.  The two closest examples of proprietary cities are Letchworth and Welwyn, small cities founded by Ebenezer Howard on Georgist principles before being nationalized after World War II.”

http://www.fee.org/the_freeman/detail/private-cities-101

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Roger Ver: Why Bitcoin is Important for the World

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“‘Why Bitcoin is Important for the World’ by Memorydealers KK Bitcoin evangelist Roger Ver for Coin Congress 2014.”

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