The Truth About Politics

A reminder from Lew Rockwell of the true nature of the state. The government facilitates cronyism, it doesn’t listen to you, it takes your money for itself and its crony allies, it wages wars which need not be waged, it is not – you and me. It serves its own purposes first. We are at best second thoughts. (We are actually thought of quite a bit, but primarily as nuisances.)

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How best to deal with recessions (A very timely video)

From the master Murray Rothbard.

Does one generally want to have long recessions or a short recessions? The answer seems obvious, most people would want shorter ones even if it meant a particular short recession was more acutely painful than a long one. Have the thing and then get on with life. But our fear of recessions, our fear of markets clearing, has created a  culture which insists that politicians (our oh so competent politicians) “do something.” In “doing something”

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Why monopolies only survive with the backing of government (Video)

If you really want to understand why the crony capitalist system is so insidious as well as ubiquitous I highly recommend listening to this bit from the master Murray Rothbard. If you really want to get what is so messed up about government and the “privavte sector” partnering up, one must know at least a little bit of his work.

Warning though. Rothbard can rattle one’s whole understanding of politics and economics.

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May I Have This Dance?: Presidential candidates consider who will advise them on the economy

If one wants to be an economics superstar there seem to be 4 routes. 1. Win a Nobel Prize. 2. Write a book which is widely read by politicians and the intelligentsia. 3. Just produce excellent work, toil in obscurity, and then have your ideas championed by someone or group with the means to champion someone. 4. Become a presidential advisor.

I am sure that there are other routes too. Becoming a TV personality comes to mind but I can’t think of any economists who have or have had shows of note.

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Why recessions ended relatively quickly before the government tried to manage the economy (Video)

Murray N. Rothbard explains in 3 minutes why it is that when economic downturns happen the government should just get out of the way. Let prices correct, the pain will be short and sharp but then life will go on, typically in a more prosperous manner.

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Why the New York Fed Annoys Republicans and Democrats Alike

By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies.

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Rothbard’s ‘Left and Right’: 40 Years Later | Roderick T. Long (Video)

Another libertarian political thought video. Roderick T. Long discusses Murray Rothbard’s examination of where libertarianism falls on the political spectrum (of his time) Left, Right, or elsewhere.

Given the fairly nuanced discussions which sometime happen on this site exploring what constitutes “fascism,” “socialism,” “freedom,” “liberty,” etc. I thought this speech would be of some value to our wonkier readers.

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