Sublime

The libertarians were different. They slipped more easily into the American stream. In their insistence on freedom they could claim to be descendants of Locke, Jefferson, and the classical liberal tradition. Some of them interpreted the Constitution as a libertarian document for individual and states rights under a limited federal government, not a

Printing money is a stealth tax on wealth that disincentivizes holding money, as above. It has the same first-order effect on wealth transfers but has hidden second-order effects of misdirecting capital due to political expediency and cowardice.

Pour les néolibéraux, le problème qui se pose après la Seconde Guerre mondiale est le même que celui qui avait miné les États après la Première : la progression incontrôlée de la démocratie. En 1932, l’ordolibéral Walter Eucken dénonçait « la démocratisation du monde ». Il faisait référence au suffrage universel masculin dans les nations industrial

an unchanged consumer demand will generate a 200 percent decline in the demand for capital goods.

Prices are information, trade is speech, and the capital stock is a literary corpus. Which is to say, Bitcoin is the internet, extended to the communication of value, furiously wrestling value back from the feudal client/server architecture of fractional reserve and central banking. The Bitcoin Protocol / Lightning Network Protocol (LNP/BP) is the

It is well‐known that history is written by the victors, but in the era of government money, victors get to decide on the monetary systems, too. The United States summoned representatives of its allies to Bretton Woods in New Hampshire to discuss formulating a new global trading system. History has not been very kind to the architects of this syste

It is a little‐known fact, carefully airbrushed from the history books, that in the 1932 U.S. general election, Hoover ran on a highly interventionist platform while Franklin Delano Roosevelt ran on a platform of fiscal and monetary responsibility. Americans had actually voted against Hoover's policies, but when FDR got into power, he found it more