Senator Elizabeth Warren (D, Organized Labor) has put paid to the possibility of our use of the reductio ad absurdum. With her $22 per hour minimum wage (or is it $33?) she has seen us, raised us, doubled down, and in every other way possible demonstrated that she is impervious to logic and basic economics.
The people of Colorado and Washington have effectively nullified US drug laws in their states, with respect to marijuana. Moreover, the people of Colorado and Washington are also effectively nullifying an international treaty on drug prohibition.
Understanding today's convoluted domestic and international fiat monetary system frankly requires a great deal of time and study. In a sound money environment, on the other hand, there is little confusion or controversy.
Calvin Coolidge, on spending and taxation, was quite Rothbardian well before Rothbard. According to Amity Shlaes, “Coolidge didn’t favor tax cuts as a means to increase revenue or to buy off Democrats. He favored them because they took government, the people’s servant, out of the way of the people.”
A transcription of a wide-ranging lecture, full of insight as well as humor, by the great Austrian economist and social theorist Hans-Hermann Hoppe, discussing the state, anarchy, democracy, monarchy, crime, security, and more. Delivered at the 2009 Mises University.
The actual aim of the recent flood of laws rendering cash transactions less convenient or limiting or even prohibiting them is to force the public at large to make payments through the financial system in order to prop up the unstable fractional-reserve banks and, more importantly, to expand the ability of governments to spy on and keep track of their citizens’ most private financial dealings.
The indigent
segment of society, those who receive social welfare aid from the state, are not necessarily foremost among the parasites of the political means. Rather, in the statist economy of theft and wealth
redistribution, it is the elite — powerful, entrenched commercial players — who most benefit.
Lincoln's inversion of the original American conception of self-government must itself be inverted.
The only way out of this impasse is to abolish the state’s monopoly on the production of law and law enforcement.
The ultimate responsibility for the poker boom lay with the Federal Reserve.
