Another Reason Why Individual Freedom Is So Much Better than Central Planning
"You will never be able to forcefully plan behavior in a way that maximizes rational collective action. An infringement of agency prevents the development of an individual’s character and capabilities, leading to an unconscious and weakened collective. The more freedom people must seek out through information and making their own choices, the better we can adapt to the fundamental uncertainty of life. This uncertainty requires a differentiated, antifragile approach, something a central planner would not even have the theoretical ability to do, due to their lack of distributed knowledge."
https://mises.org/mises-wire/another-reason-why-individual-freedom-so-much-better-central-planning
The Fed's Milkshake Brings All the Foreigners to the Yard
The real Bitcoin bull run doesn't start until nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc publishes 21 Ways.
Thank you Akira Toriyama ✌️
The most valuable economic role of prices is in conveying information about an underlying reality -- while at the same time providing incentives to respond to that reality. Prices, in a sense, can summarize the end results of a complex reality in a simple number.
Thomas Sowell
The Ground Is Fertile For The Seeds Of Liberty
My first publication with LewRockwell
https://www.lewrockwell.com/2024/03/no_author/the-ground-is-fertile-for-the-seeds-of-liberty/
These trying times test the spirit of libertarians. With each ominous headline, the light of liberty seems to dim. Yet we must not lose faith that dawn follows even the darkest night. As Max Planck recognized, old paradigms perish not through persuasion but attrition. True change emerges generationally. The ideologies dominating today will inevitably yield to new “radical” worldviews as their adherents pass on. It is among the disaffected youth, not the established old guard, that the seeds of liberty will find fertile soil. The ground beneath our feet harbors great potential, if we have the wisdom to nurture it.
Rather than battering hardened perspectives, libertarians must engage patiently with coming generations, who face the burdens of our centralized dystopia daily. Their circumstances prime them to seek empowering alternatives that we can thoughtfully cultivate. The decrepit gatekeepers of the status quo lack credibility with today’s youth. Decentralized information and encryption help these digital natives see through narratives and think freely. As the state’s facade cracks, they will build new structures founded upon individual liberty.
The transition may span generations. But if we light the way, leveraging these pivotal historic opportunities, the youth can author a new chapter. One where coercive collectivism finally yields to individual autonomy, respect for property rights, and free and open markets. Have hope. The future is uncharted territory, ours to cultivate. Plant seeds of liberty among those seeking change. Help them envision freedom’s promise, even if we may never fully taste its fruits. We must find solace in knowing our efforts today will yield a harvest of prosperity for generations to come. It is a profound privilege to till the soil so our children may flourish. The seeds we sow now will reap liberation.
While systemic causation in a free market is in one sense impersonal, in the sense that its outcomes are not specifically predetermined by any given person, "the market" is ultimately a way by which many people's individual personal desires are reconciled with those of other people. Too often a false contrast is made between the impersonal marketplace and the supposedly compassionate policies of various government programs. But both systems face the same scarcity of resources and both systems make choices within the constraints of that scarcity. The difference is that one system involves each individual making choices for himself or herself, while the other system involves a small number of people making choices for millions of others.
The mechanisms of the market are impersonal but the choices made by individuals are as personal as choices made anywhere else. It may be fashionable for journalists to refer to "the whim of the marketplace," as if that were something different from the desires of people, just as it was once fashionable to advocate "production for use, rather than profit"-- as if profits could be made by producing things that people cannot use or do not want to use. The real contrast is between choices made by individuals for themselves and choices made for them by others who presume to define what these individuals "really" need.
Thomas Sowell
The Ground Is Fertile For The Seeds Of Liberty
My first publication with LewRockwell
https://www.lewrockwell.com/2024/03/no_author/the-ground-is-fertile-for-the-seeds-of-liberty/
Encryption offers individuals a lifeline of liberty amidst states seeking domination through information control. By securing communications and transactions, encryption allows the free exchange of information beyond the watchful eye of surveillance. Diverse perspectives flourish, unchecked by censorship and unimpeded by monitoring.
This proliferation of encryption eats away at the state’s monopoly over narratives and discourse. Empowered citizens can probe truth without fear, evaluate arguments on their merits, and draw independent conclusions. The decentralization of knowledge denies authorities their long-held power to shape consensus through monopolizing information.
When speech flows freely, uninhibited by prying eyes or coercive agendas, a pluralism of thought emerges organically. Censorship yields to critical thinking, dogma gives way to nuance. By shielding private communication through impenetrable cryptography, we secure not just individual liberty but the foundations of a free society. The truth shall not perish under the boot of surveillance states. Encryption will preserve open inquiry long after the authoritarian impulse has collapsed into the dustbin of history.
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_081 - Fiat Materialism
You cannot reason people out of something they were not reasoned into.
The Ground Is Fertile For The Seeds Of Liberty
My first publication with LewRockwell
https://www.lewrockwell.com/2024/03/no_author/the-ground-is-fertile-for-the-seeds-of-liberty/
"The intellectual and media elite, long complicit in reinforcing state-sanctioned narratives, face a reckoning in today’s digital information landscape. Their increasingly heavy-handed efforts to shape public discourse ring hollow as their credibility wanes under the weight of their own propaganda. While these gatekeepers of old warn about the dangers of “disinformation,” they find themselves stranded by the tides of technological innovation."
Although the basic principles of economics are not really complicated, the very ease with which they can be learned also makes them easy to dismiss as "simplistic" by those who do not want to accept analyses which contradict some of their cherished beliefs. Evasions of the obvious are often far more complicated than the plain facts. Nor is it automatically true that complex effects must have complex causes. The ramifications of something very simple can become enormously complex. For example, the simple fact that the earth is tilted on its axis causes innumerable very complex reactions in plants, animals, and people, as well as in such non-living things as ocean currents, weather changes and changes in the length of night and day.
Thomas Sowell
Many of the basic principles of economics may seem obvious but the implications to be drawn from them are not -- and it is the implications that matter. Someone once pointed out that Newton was not the first man who saw an apple fall. His fame was based on his being the first to understand its implications.
Thomas Sowell
The Ground Is Fertile For The Seeds Of Liberty
My first publication with LewRockwell
https://www.lewrockwell.com/2024/03/no_author/the-ground-is-fertile-for-the-seeds-of-liberty/
"Rather than futilely attempting to sway ossified convictions through traditional means, perhaps the crux lies in cultivating relationships with younger cohorts who shoulder the burdens of intergenerational debt and systemic failures. It is among these individuals of tomorrow, burdened yet brimming with potential, that the seeds of liberty may find fertile ground for growth and eventual fruition."
The Ground Is Fertile For The Seeds Of Liberty
My first publication with LewRockwell
https://www.lewrockwell.com/2024/03/no_author/the-ground-is-fertile-for-the-seeds-of-liberty/
We live in a nightmare of falsehoods, and there are few who are sufficiently awake and aware to see things as they are.
Our first duty is to clear away the illusions and recover a sense of reality.
- Nicolas Berdyaev