Attached is a a bit of market based white lightning. It’s not for everyone.
The attached article comes from John Stossel who was at the International Students for Liberty conference this past weekend in Washington DC. I was there too, and John is right. Millennials are absolutely oriented toward liberty, much more so than their parents, that is for sure.
Michael: I’m working for my father now. He’s been sick, very sick.
Kay: But you’re not like him, Michael. I thought you weren’t going to become a man like your father. That’s what you told me.
Michael: My father’s no different than any other powerful man – any man who’s responsible for other people, like a senator or a president.
Kay: [laughs] You know how naïve you sound?
Kay: Senators and presidents don’t have men killed.
Michael: Oh, who’s being naïve, Kay?
-From the film The Godfather
A century ago the the Creature from Jekyll Island showed itself to the world. It was a sad day for the United States.
This essay by Murray Rothbard holds particular relevance as the Trans Pacific Partnership continues to be negotiated in secret.
We have followed Bitcoin from its birth. It is a challenge to the world’s central banks. It is a challenge to the world’s governments. It is a challenge to the super crony capitalists on Wall Street.
This is street fighting money.
Crony Capitalism in America, 2008–2012. By Hunter Lewis
by David Gordon
Those of us who favor the free market must confront a problem. The virtues of the market, and the vices of socialism and interventionism, have been made incontestably clear by Mises, Rothbard, Hazlitt and others. The case for the free market, as these great figures explain it, can readily be grasped and demands no esoteric knowledge. Yet many academics reject the market. They condemn capitalism for leaving many in poverty and for glaring inequalities. How can so many academics fail to grasp what seem to us obvious truths?
In order to understand what is really going on in the economy one must have some understanding of the Federal Reserve. It is a truly amazing and diabolical institution created not for the public good as we are told, but in fact Murray Rothbard asserts, for the private good of the world’s largest banks.
Murray Rothbard is a person everyone who wants to really understand economics should know. He will challenge you and the things you have been taught. God help you if you have gone through a mainstream economics department. You are in for a wild intellectual ride. But boy is it a ride worth taking.
Look, the government wants to understand how Bitcoin works so that it can crush it (which it looks like it can not,) co-opt it, or replace it with a government sponsored version of Bitcoin. The government and central banks are deeply concerned that Bitcoin will undermine the worldwide central bank system. If they could kill it they would have at this point. But they can’t.
Now they are desperately trying to use the antiquated tools at their disposal to make the innovators spill the beans so the old government and banking establishment can gather them up.