"Just as the money supply was expanded according to the bank multiplier, artificial economic expansion fostered by the *ex nihilo* creation of loans eventually triggers an endogenous recession, which in the form of a widespread repayment of loans and an increase in arrears, reduces the money supply substantially. Therefore *the fractional-reserve banking system generates an extremely elastic money supply, which 'stretches' with ease but then must contract just as effortlessly, producing the corresponding effects on economic activity, which is repeatedly buffeted by successive stages of boom and recession.* 'Manic-depressive' economic activity, with all of its heavy, painful social costs, is undoubtedly the most severe, damaging effect the current banking system (based on a fractional reserve, in violation of universal legal principles) has on society.

In short, bank customers’ economic difficulties, one of the inevitable consequences of all credit expansion, render many loans irrecoverable, accelerating even more the credit tightening process (the inverse of the expansion process)." - Jesús Huerta de Soto, ***Money, Bank Credit, and Economic Cycles*** (2020) p. 261. 4th ed. Translated by Melinda Stroup. https://mises.org/library/book/money-bank-credit-and-economic-cycles

#Agorism #Agorist #AnCap #Libertarian #Libertarianism #Antistate #EndTheFed #FractionalReserveBanking #AustrianEconomics #Money #MoneySupply #Credit #BusinessCycles #BoomBustCycle #Recession #CommodityMoney #Fiat #FiduciaryMedia #SoundMoney #Bitcoin #Monero #Quotestr

FrAcTiOnAl ReSeRvE bAnKiNg DoEsN't ExIsT!

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

"[Fractional reserve banking] Theorists who attempt to equate the irregular deposit contract with the loan contract fail to realize that their doctrinal stance ignores the true *cause* or purpose motivating the contracting parties to enter into a contract...*In other words, depositors hand over money as if making a deposit, and bankers receive it as if it were a loan*....Yet, what kind of contract has two essentially distinct legal causes? Or to put it another way: How is it possible that both parties to the same contract simultaneously intend to retain the availability of the same sum?" - Jesús Huerta de Soto, ***Money, Bank Credit, and Economic Cycles*** (2020) p. 136. 4th ed. Translated by Melinda Stroup. https://mises.org/library/book/money-bank-credit-and-economic-cycles

#Agorism #Agorist #AnCap #Libertarian #Antistate #EndTheFed #FractionalReserveBanking #Theft #Fraud #IrregularDeposits #FullReserveBanking #FreeBanking #AustrianEconomics #SoundMoney #Fungibility #Bitcoin #Monero #Quotestr

The bust is coming.

The anarcho-capitalist legal theory explained.

Source: @Ancap_doggo, X

https://blossom.primal.net/e200414ead9ec19ab4a32d8cb8dcb59ed9bdacd5316d0afd631a8f866a308001.mp4

#AnCap #AnarchoCapitalism #Libertarian #Libertarianism #Antistate #Hoppe #Hoppean #PrivateLaw #Law #Ethics #Conflict #Scarcity #NonAggressionPrinciple #PropertyRights #Ownership #FreeMarket #Anarchism #Objectivism #FYP #Video #Videostr

🤣🤣🤣

https://blossom.primal.net/b249fe3a9ceef1f1296d325f7698443b3d35ddf7153f97695430486e35de89b6.mp4

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

https://blossom.primal.net/bb28956c197d3fb6041e54f75aa072721817394f421f37e1330d75f34662e035.mp4

https://blossom.primal.net/53f7fa8663de6bac46050aea0177b6abedfbb69aadeb4e479726e39443cce7cd.webp

There was booms that went off past 1 AM for me. My autism isn't making things any better.

Me especially with all the firework noises outside making it impossible to sleep.

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

Always pay in cash.

New year, same me.

GM

https://video.nostr.build/c5daeed521e37e0b879c38f99388f1e4625a6a3bb90d110d5ea6dbbbcf825d60.mp4

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

Happy New Year everyone!

Reason #999 to abolish the ED.

https://blossom.primal.net/ae707cd0e5ba167ce0b1764750955023c35d26125c6a7fe38f3ef36bbae38a77.mp4

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

Chump change

#Agorism #Agorist #AnCap #Libertarian #Antistate #Antigovernment #Antipolitics #Audit #Pentagon #AuditThePentagon #EndThePentagon #MilitaryIndustrialComplex #WarMachine #MemoryHole

🤣🤣🤣

Source: @jaygarciashow, IG

https://blossom.primal.net/0a6ea8ef7018e45627509822b8770bdccc44effa3ce70065945314fab14accaa.mp4

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Carstr #Fartstr #Video #Videostr

Also applies when going to college.

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Relatable #Lifestr #Factstr

What's the Freddy Fazbear doin'?

https://video.nostr.build/bd2d0c9379a424619b10ed55d26100f194b9399a5324b4b2ffd91df0ce01f7eb.mp4

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

So many cases.

https://video.nostr.build/1badc24a786b9060e0e4182ae31b918430edda2c34deba9005e319a75db3814a.mp4

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr

My favorite games of 2025. #Gamestr

#Agorism #Agorist #Libertarian #Antistate #TaxationIsTheft #DontTreadOnMe #Freedom #Liberty #A3 #SEK3 #CounterEconomics #GrayMarket #BlackMarket #TaxEvasion #TaxRevolt

The oppressor-oppressed dynamic you keep hearing about is one big false dichotomy, black or white logical fallacy. Not only does it fail to take into account the multiple collectives a person could be apart of when it does not benefit its supporters, it also fails to take into account the decisions taken by individuals and their reasons behind said decisions, resorting to merely empirical data instead.

Collectivism is cancer.

https://blossom.primal.net/fc9b5b51e97f3f94319830348109177504a4c48c0620c3e41f42ce0f8d13fe40.webp

#Agorism #Agorist #AnCap #Libertarian #Antistate #Individualism #LogicalDeduction #apriori #SelfOwnership #Collectivism #Feminism #Woke #Wokeness #DEI #Diversity #Inclusion #Equity

Bro doesn't need a new phone. He needs a new gym membership.

W mom

https://video.nostr.build/7cee9727d7346d03c70d6da1b4b78c145fefddf9e593eefb93fa45234b6ca0a5.mp4

#Interesting #Discipline #Lesson #Lifestr #Grownostr #Grownstr #FYP #Video #Videostr #BullishBounty

Christmas dinner was delicious!

#Foodstr #Meatstr #Ribstr #Dinnstr #Picturestr #Photostr

🤣🤣🤣

https://blossom.primal.net/f8ff421994e3122559415feae19d08f647e4b9efbe4024ac8d2f1c505a01f4a9.webp

#Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny

And they say taxation isn't extortion.

https://blossom.primal.net/e199cbebcb5fafad927359b64354ffb23db70a1e2c7f942f2e977baab3dacd80.webp

#Agorism #Agorist #Libertarian #Antistate #Antigovernment #Antipolitics #TaxationIsTheft #IncomeTax #13A #ThirteenthAmendment #SixteenthAmendment #16A #CounterEconomics

Or everyone could just send them the McLovin ID.

It's almost like peer-to-peer transactions between individuals in a free market is much more efficient at understanding people's desires than a centralized bureaucracy that has no understanding of the average person. This goes for both the Gosplan and the Gosbank.

It's also a common strategy for billionaires to take out loans and put their stocks and shares as collateral, therefore they pay little taxes because debt isn't considered income and therefore not taxable.

Therefore, being able to successfully tax the rich would mean having to create a new debt tax. Do we really want to create extra burdens for the working and middle classes that are experiencing debts such as student loans or medical debt?

He truly is the Darth Vader of crypto.

#Memes #Memestr #DankMemes #Nostr #Zap #Politics #Argentina #JavierMilei #Milei #AustrianEconomics #LudwigvonMises #Mises #AnCap #AnarchoCapitalism #FreeMarket #Libertarian #Libertarianism

https://r2.primal.net/cache/6/f8/78/6f87897e8994eded03f714f7321e2d3e30d97724afd36ecfa43be0271e2b7b0b.webp

The nightmare will never end until the Fed is abolished and sound money is reinstated!

Circular reasoning

iPod commercials ahh show.

Even from autism?

More food for the brain.

Once you touch that wall, you got a lifetime contract with the deep south.

I'm done with my 9/11 shitposting now. Back to the regularly scheduled programming.

Stay tuned!