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Beyond Misinformation

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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?

Economics and Ethics of Private Property

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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 Law

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If every person has the right to defend—even by force—his person, his liberty, and his property, then it follows that a group
of men have the right to organize and support a common force to protect these rights constantly.

Anatomy of the State

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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.

Conceived in Liberty

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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.

What Has Government Done To Our Money?

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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.

For A New Liberty

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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.

Democracy The God That Failed

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There is near-universal agreement that democracy represents an advance over monarchy and is the cause of economic and moral progress.  This interpretation is curious in light of the fact that democracy has been the fountainhead of every form of socialism.

Our Enemy The State

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If we look beneath the surface of our public affairs, we can discern one fundamental fact, namely:
a great redistribution of power between society and the State. This is the fact that interests the
student of civilization.

Lessons for the Young Economist

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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

The Buddha (480BC-400BC)

We are what we think.  All that we are arises with our thoughts.  With our thoughts we make the world. 

Friedrich. A. Hayek (1899-1992)

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. 

Thomas Jefferson (1743-1826)

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.

Thomas Jefferson (1743-1826)

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.

Thomas Jefferson (1743-1826)

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.

Abel P. Upshur (1790-1844)

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. 

Martin Armstrong (in 1016)

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.

Friedrich Nietzsche (1844-1900)

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’.

James Ostrowski (in 2016)

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.

Martin Armstrong (in 2016)

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.

Tim Bryant (in 2016)

The reality is that we can start a revolution anytime we want and even abolish the throne altogether if we deem it necessary. There is no rule that says we have to wait every four years for change or that change only comes from voting within the system. This is only a limitation we place upon our own minds that causes this parasitic view of perception to perpetuate.

Butler Shaffer (in 2016)

At a time when socialists and other central planners ask us to substitute their illusions for the informal and spontaneous orders that sustain us, it is timely to recall the consequences of political systems and programs that did so much to destroy the lives of so many. The Soviet Union, Maoist China, Nazi Germany, and the present difficulties now being experienced by people in Venezuela, provide some of the most familiar examples of the consequences of empowering a few to dominate and rule the many by force.

Frank Zappa (1940-1993)

The illusion of freedom will continue as long as it’s profitable to continue the illusion.  At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.

Bob Murphy (in 2016)

In modern American political discourse being a racist is worse than being a mass murderer.

John W. Whitehead (in 2016)

The coup d’etat wresting control of our government from civilians and delivering it into the hands of the military industrial complex happened decades ago, while our backs were turned and our minds distracted. Consequently, we now find ourselves in the unenviable position of longing for an elusive peace while trying to rein in a runaway militarized government with a gargantuan and profit-driven appetite for war.

Maria Konnikova (in 2016)

I write about the dark triad of traits, psychopathy, narcissism, and machiavellianism.  And thats overrepresented in con artists.  It’s also overrepresented in politicians. 

John Rubino (in 2016)

Once it passes a certain point, [debt] sucks the life out of a society and no amount of positive spin can hide this fact from the victims.

Abraham Joshua Heschel (1907-1972)

Our goal should be to live life in radical amazement…..get up in the morning and look at the world in a way that takes nothing for granted.  Everything is phenomenal…..To be spiritual is to be amazed. 

Eleonora Duse (1858-1924)

If the sight of the blue skies fills you with joy, if a blade of grass springing up in the fields has power to move you, if the simple things of nature have a message that you understand, rejoice, for your soul is alive. 

Timeless Articles & Videos

The Advantages of Small States Vs The Dangers of Centralization

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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.

The Great Conflict Between Liberty & Power

Liberty vs Power

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.

Money, Banking and the Federal Reserve

Money, Banking, & The Federal Reserve

Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

Whales & Compassion

Beached Whales 2002

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?

Mutual Accommodation

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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.

Not Yours To Give Away

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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 Source of Air-Travel Insecurity

Airport Insecurity

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.

The War on Cash Destroys a Small Entrepreneur

War on Cash

Lyndon McClellan is a small entrepreneur who owns and operates L & M Convenience Mart in Fairmont, North Carolina. L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish sandwiches.