What caused the destruction of the World Trade Center Twin Towers and Building 7 on September 11, 2001? More than a decade later, this question continues to be discussed by many people around the world. What does science say?
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In order to explain the emergence of barter, nothing more than the assumption of a narrowly defined self-interest is required. Insofar as man prefers more choices and goods to fewer, he will choose barter and division of labor over self-sufficiency. The emergence of money from barter follows from the same narrow self-interest, if man is integrated in a barter economy and prefersa higher to a lower standard of living, he will choose to select and support a common medium of exchange. In selecting a money he can overcome the fundamental restriction imposed on exchange by a barter economy, i.e., that of requiring the existence of a double coincidence of wants. With money his possibilities for exchange widen. Every good becomes exchangeable for every other, independent of double coincidences or imperfect divisibilities. And with this widened exchangeability the value of each and every good in his possession increases.
The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.
Whenever the legislators endeavour to take away and destroy the property of the people, or to reduce them to slavery under arbitrarypower, they put themselves into a state of war with the people, who are thereupon absolved from any farther obedience, and are left to the common refuge which God bath provided for all men against force and violence.
Since the U.S. went completely off gold in August 1971 and established the Friedmanite fluctuating fiat system in March 1973, the United States and the world have suffered the most intense and most sustained bout of peacetime inflation in the history of the world. It should be clear by now that this is scarcely a coincidence.
THE LIBERTARIAN CREED rests upon one central axiom: that no man or group of men may aggress against the person or property of anyone else. This may be called the “nonaggression axiom.” “Aggression” is defined as the initiation of the use or threat of physical violence against the person or property of anyone else. Aggression is therefore synonymous with invasion.
This book is a manual for a new way of looking at the world. After you master the lessons contained within these pages, you will be able to understand events in ways that your untrained peers will miss. You will notice patterns that they will overlook. The ability to think like an economist is a crucial component of your education. Only with sound economic thinking will you be able to make sense of how the world works. To make responsible decisions regarding grand political ideas as well as your occupation and mundane household finances, you must first decide to learn basic economics.
Quotes on Liberty
Today, the behavior of individuals still is judged based on the degree to which it conforms to an existing moral practice. But the state is judged to be behaving morally when it’s actions forward it’s own interests!
Above all we should not forget that government is an evil, a usurpation upon the private judgement and individual conscience of mankind.
If you do not take an interest in the affairs of your government, then you are doomed to live under the rule of fools.
I have been to the darkest corners of government, and what they fear is light.
Journalism is printing what someone else does not want printed. Everything else is public relations.
There will be in the next generation or so a pharmacological method of making people love their servitude and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies so that people will in fact have their liberties taken away from them but will rather enjoy it.
When you communicate over the internet, when you communicate using mobile phones… your communications are being intercepted by military intelligence organizations… It’s a soldier between you and your wife as you’re SMSing. We are all living under martial law as far as our communications are concerned, we just can’t see the tanks – but they are there.
As for the state’s supposedly indispensable role, once we grow up and leave behind the scare tactics from our sixth-grade textbooks – without your public servants you’ll starve, or be poisoned, or drive an exploding car – we discover how little we need the state after all. The historically unprecedented explosion in living standards all over the world had everything in the world to do with market-driven capital accumulation and zero to do with government spread-the-wealth schemes.
Strictly speaking, the US Constitution was conceived of as an agreement among the states, to which the US government, being the creation of that agreement, was not itself a party.
Every mile you go in the wrong direction is really a two mile error. Unlearning is twice as hard as learning.
We are what we think. All that we are arises with our thoughts. With our thoughts we make the world.
Just as the democratic statesman who sets out to plan economic life will soon be confronted with the alternative of either assuming dictatorial powers or abandoning his plans, so the totalitarian leader would soon have to choose between disregard of ordinary morals and failure. It is for this reason that the unscrupulous are likely to be more successful in a society tending toward totalitarianism.
The foundations are already deeply laid by their [the Supreme Court Justices’] decisions for the annihilation of constitutional State rights, and the removal of every check, every counterpoise to the engulfing power of which themselves are to make a sovereign part.
I see… with the deepest affliction, the rapid strides with which the federal branch of our government is advancing towards the usurpation of all the rights reserved to the States, and the consolidation in itself of all powers, foreign and domestic; and that too, by constructions which, if legitimate, leave no limits to their power.
If ever this vast country is brought under a single government, it will be one of the most extensive corruption, indifferent and incapable of a wholesome care over so wide a spread of surface.
I confess that it seems to me exceedingly clear, that our Constitution is most worthless and tyrannical, if the usurpations of those who administer it, cannot be resisted by any means short of revolution. I have always considered the reserved powers of the States, as the only real check upon the powers of the Federal Government; and I have always considered it, not only the right, but the imperious duty of the States, so to apply that check, as not to dissolve the Union.
The slingshot [move to private assets] comes WHEN everyone realizes the future will not be anything they dreamed of. The negative interest rates are destroying pension funds, Central banks have lost control and credibility, and socialism is dying very hard because government is consuming the bulk to fund its own pensions. The slingshot comes when people realize governments are collapsing. Then there will be the mad rush into all private assets.
A state? What is that? Well! Open now your ears to me, for now, I will speak to you about the death of peoples. The state is the name of the coldest of all cold monsters. Coldly it lies; and this lie slips from its mouth: ‘I, the state, am the people’.
The government is perhaps the least understood institution because so far as we are led to believe, it always existed, must always exist and no alternative to it can possibly be imagined.
Hillary represents everything that the people voting for Trump and Bernie have had enough of. Indeed, 2016 is going down in history when third party movements overthrow party politics.
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Small states must engage in free trade rather than protectionism. All government interference with foreign trade forcibly limits the range of mutually beneficial inter territorial exchanges and thus leads to relative impoverishment at home as well as abroad. But the smaller a country, the more dramatic this effect will be. A country the size of the U.S. might attain comparatively high standards of living even if it renounced all foreign trade. In contrast, if a territory the size of a city or village engaged in protectionism, this would likely spell disaster or even death.
I see history as centrally a race and conflict between “social power”— the productive consequence of voluntary interactions among men—and state power. In those eras of history when liberty—social power—has managed to race ahead of state power and control, the country and even mankind have flourished. In those eras when state power has managed to catch up with or surpass social power, mankind suffers and declines.
Instead of relying on voluntary charity and good will towards men, the federal government continues its welfare-state policy of using the IRS to forcibly take money from everyone in order to distribute the money to some, all in the name of morality and righteousness. But where is the morality in coercion, as compared to voluntary choices?
Private property eliminates the possibility that resource arrangements will be random, for each resource owner chooses a course of action only if it promises rewards to the owner that exceed the rewards promised by all other available courses. For each consumer, this means spending money on those items that best satisfy his individual tastes. For each producer, this means finding those uses that promise the highest profit. Because profit in free markets comes from satisfying as many consumers as possible, each producer is forever on the lookout for better ways to use his resources to satisfy consumers.
If you have the right to give to one, you have the right to give to all; and, as the Constitution neither defines charity nor stipulates the amount, you are at liberty to give to any and everything which you may believe, or profess to believe is a charity, and to any amount you may think proper. You will very easily perceive what a wide door this would open for fraud and corruption and favoritism, on the one hand, and for robbing the people on the other.
The poor security of U.S. airlines is a predictable outcome of government regulations and subsidies. By preventing airlines from profiting from superior procedures, and by shielding them from losses resulting from incompetence, the government has left us vulnerable to further terrorist attacks. Only through complete privatization of the industry will consumers be able to fly cheaply and safely.