Bitcoin Audible Chat_095 - The Fall of the Fiat Empires with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z Pysh
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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Nothing stops this train - nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
America's Fiscal Collapse Accelerates | nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3
Every fiscal trend is in the wrong direction. We're already at $2 trillion deficit, it will soar by trillions when recession hits.
And it will keep churning with social security, Medicare, and spending on everything from illegal immigrants to fresh wars.
At this point, there is nothing standing between us and fiscal collapse. The only question is when.
https://mises.org/mises-wire/americas-fiscal-collapse-accelerates
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_082 - Fiat Replacement Theory
For Socialists, It Doesn't Matter if Socialism "Works." What Matters Is Power.
Other than stripping the ethics, morality, and all humanity from human action; whether it “works” can never be resolved, just deliberated ad infinitum, making it ideal mainstream media fodder. Under any legitimate scrutiny, it collapses under its own haughty intellectual weight because there’s something missing at its foundation; fundamental principles that can be ascertained as self-evidently true or not.
To go after socialism, you must aim for its fundamental principles. And what are some of those?
Rooted in collectivism – no individual is of material importance, only society as a whole. Any number of individual needs, preferences, and lives can and should be sacrificed for the good of the collective.
Absence of a market – production and trade operate by the will of central planners, not economic actors. What gets made, in what quantity, and for what use is not determined by consumer demand or the profit motive, but by top-down calculations. Based on what? Such questions will not be tolerated. Now, get in the bread line! Which brings us to…
Necessitates a totalitarian state – This centralization of economy requires such thorough micromanagement of human action that monitoring, espionage, harassment, and stiff penalties for violators (for starters) must become features of the landscape. Some adherents claim that state control, and the state itself, will one day become unnecessary under socialism, once the people fall in line (read are beaten into submission). But, like the arrival of universal abundance, that day never seems to come. More on this momentarily…
This argument may not be perfect, but notice the differences between this and where we started. These premises are axiomatically integral to socialism. No experience, experimentation, or research is required to bear them out. No statistical data is going to come along and change them. These aren’t ends, which cannot be conclusively known at the outset of any initiative (if they ever can at all). These are means, which are known, instantly and to a certainty, as they effectively become the material conditions of life in the given society. Economics is a journey, not a destination, so those someday promises of wealth and statelessness in exchange for your present suffering mean nothing from the man prodding you with the rifle.
Now a REAL debate begins.
The socialist must be prepared to defend all of the items above, at least. Any claim against the necessity of these factors can be gleefully met with, “then that’s not real socialism!” If they prefer their ideologies a la carte, by plucking the “good bits” of socialism and discarding the gulags and mass graves; then they’re arguing for something else entirely, a mixed economy, the polluting of the market with some degree of the above tenets.
Do the Horsemen’s graphs and data have any validity? Sure, as persuasive support. But they cannot BE your argument. That must come from First Principles, e.g. freedom, property, and individual sovereignty. These are all that matter. To subordinate them to numbers and stats is to discount them entirely.
So, when it comes to socialism; stop saying it doesn’t work, stop calling it a perfect idea on paper that falters in implementation, and stop dignifying its adherents with “noble intentions.” Give it its intellectual due, then you can call it what it is; an evil concept on its face that has no place among the human species.
https://mises.org/mises-wire/socialists-it-doesnt-matter-if-socialism-works-what-matters-power
#Bitcoin worry less about what will happen today or tomorrow. Start thinking now about the best price to get at the end of the bull season.
For example, I would leave the market after 300-350k.
And you?
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Ryan McMaken on the History and Benefits of Secession
The institution of a State is praxeologically incompatible with private property and private property based enterprise.
~ Hans Herman Hoppe
The Specter of Hyperinflation Looms over the Economy
My latest from #Mises
https://mises.org/wire/specter-hyperinflation-looms-over-economy
The Specter Of Hyperinflation Loomns Over The Economy
Bitcoin Audible Read_810 - Censorship in America
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A tax-funded protection agency is a contradiction in terms. That is, it is an expropriating property protector.
~ Hans Herman Hoppe
nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz
Cerra un poco los ojos
#negr0art
We shape clay into a pot, but it is the emptiness inside that holds whatever we want
The fallacy of the broken window is the failure to take opportunity costs into account. The opportunity cost of the glazier's good luck is whatever products or services the shopkeeper could have purchased.
