"Government is not only a protection service; it is also a protection racket. While government provides protection against violence originating with others, like the protection racket it also charges customers for protection against harm that it would otherwise impose itself. The first action is an economic service. The second is a racket.In practice, the distinction … Continue reading The Sovereign Individual
At the moment, a crop of ideas that have been lying around for some time are sprouting. Make no mistake, these ideas time has come and they will be used to shape the next generation of economic and social policy. They will affect every life and every nation. Specifically, 2020 has seen the following ideas … Continue reading Ideas Lying Around (and Sprouting)
Good money chases bad out of circulation. That's Gresham's Law. But what happens when the good money and the bad money are controlled by different groups? One private and backed by sweat; the other public and backed by blood (or the threat thereof). This is not a stable equilibrium. Taxation (or wealth redistribution) is the … Continue reading BTC in the sheets, MMT in the streets?