The Grand Bazaar in Istanbul has been a beehive of mutually beneficial exchanges for 550 years. Americans may think of Rodeo Drive or Madison Avenue when they think shopping, but while everyone pays the sticker price in America, price tags are rare at the Grand Bazaar.
David Kramer on Bitcoin—Just Another Bogus Medium of Exchange
Precisely because a gold standard is such a hot topic lately, it’s important for people to understand its rationale.
According to RichardMaybury.com, Ron Paul writes, “I look forward to reading every issue of your Early Warning Report.”
Leaving aside the worries over Basel III requirements and the 300-plus new regulations soon to spew forth from Dodd-Frank, first quarter data from the FDIC has been parsed by ValuEngine Chief Strategist Richard Suttmeier and while the numbers look good, a peek under the hood reveals problems.
Fukuyama, being a neocon, doesn’t see the strategic role of liberty in encouraging individuals to lead virtuous lives.
In a police state, we’re all criminals. How many laws have you broken today? This week? This month? Have you changed lanes without a turn signal? Exceeded the posted speed limit? Hired a neighborhood kid to cut your grass and then paid him under the table?
In 1783 the treaty ending hostilities between Great Britain and its rebellious colonies along the eastern seaboard of North America was signed in Paris. For their part the English proclaimed that, “His Britannic Majesty acknowledges the said United States, viz., New Hampshire, Massachusetts Bay, Rhode Island and Providence Plantations … “ — there followed the rest of the thirteen colonies — “to be free sovereign and independent states,” with the British Crown relinquishing all claims to “the same and every part thereof.”
It’s now considered too radical to believe that people should just throw unwanted items away. To allow people to do this is “going too far.” But here is a fact: forcing people to spend time separating garbage turns the division of labor on its head.
[Transcribed from the Libertarian Tradition podcast episode “C.M. Kornbluth (1923–1958)”]
