“The intrusion of politics into the field of economics is simply an evidence of human ignorance or arrogance, and is as fatuous as an attempt to control the rise and fall of tides. Since the beginning of political institutions, there have been attempts to fix wages, control prices, and create capital, all resulting in failure.”
Frank [...]

“Dillon, Read & Co. Inc. and the Aristocracy of Prison Profits” is a good case in point how the law is turned into a business driven by high level politics.
The Dunwalke-website puts it another way: “Make a law, make a business.” — Old New Jersey street saying.
See also Rothbard’s brief outlook of Wall Street, [...]

For many the government is the only option available when one is talking about defence. This does not need to be the case. Get convinced by reading an excerpt from Murray Rothbard’s Power & Market (pdf).

Tags: books, defence, Economics, ethics, freedom, liberty, links, Murray Rothbard

An interesting article about Jean-Baptiste Say by Amadeus Gabriel:
Thus, society could work without government management if people carried out their business and let other people carry out their business at the same time. Say underlines his position by giving some historical examples. Writing in 1819, he observes that at times during the previous thirty years, [...]

How do you like it when someone is exchanging nothing for something?
Kings did it in the past and we are doing it at the moment in massive scale as well.
Money and Inflation: The Tendency to Deny Reality by Frank Shostak.

Tags: books, Frank Shostak, inflation, links, money

“Too many people living in democracies are lulled into believing that they are free because they have the right to vote and elections are held periodically. If you take conscription for military service as an example, I think you would find that if it was proclaimed by a sole monarch, the people would revolt and [...]

Most of the developed countries have state pension systems that are dependent on annual tax revenues. This system based on false promises and illusions is something that will not last forever. Watch out and read Oskari Juurikkala’s article about Old-age Security Without the State.

Tags: links, Oskari Juurikkala, pension, tax

Printing money does not increase the amount of products and services available in the market. It only increases the prices in the long term, in the short term it creates an illusion of increased wealth before the slow adjustment of prices catch up.
“The services money renders are conditioned by the height of its purchasing power. [...]

We have assumed that there is only one way to solve disputes: commission a government monopoly over all people in case they might have some issues between each other. However, this assumption is not the only way to live - actually we have real life examples around us every day.
Not convinced yet? Read Market Chosen [...]

Our current societies involve a third party called government that is authorised to incur into any violent actions and force in order to protect its citizens. However just by watching the news it’s nothing new to realise that these powers are also used against the very people who give them to its agent, the state.
A [...]