Mar 18

Chapter 4 On Democracy, Redistribution, and the Destruction of Property

"[U]niversal adult suffrage did within each country what a world democracy would do for the entire globe: it set in motion a seemingly permanent tendency toward wealth and income redistribution."  Hans-Herman Hoppe, Democracy the God that Failed

Hoppe points out that the taking of private property by a government engaged in...

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Mar 15

Chapter 3 On Monarchy, Democracy, Public Opinion, and Delegitimation

"'The program of [classical] liberalism,' wrote Mises, 'if condensed into a single word, would have to read: property, that is private ownership of the means of production....' [T]he emergence of society-human cooperation was the result of the natural diversity of people and property and the recognition that work performed under...

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Mar 12

On What is Important

So, we'll go no more a-roving

So late into the night,

Though the heart be still as loving,

And the moon be still as bright.

For the sword outwears it sheath,

And the soul wears out the breast,

And the heart must pause to breathe, 

And love itself have rest.

George Gordon Byron, Lord Byron 1788-1824

 

This past week I...

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Mar 8

Chapter 2 On Monarchy, Democracy, and the Idea of a Natural Order

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."  Murray Rothbard

 

Part 1 Theory: The...

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Mar 5

Chapter 1 On Time Preference, Government, and the Decivilization Process

"Once upon a time, there was a little red hen who lived on a farm.  She was friends with a lazy dog, a sleepy cat and a noisy duck. One day the little red hen found some seeds on the ground.  The little red hen had an idea.  She would plant the seeds."  The Little Red Hen, folklore.

This familiar children's tale captures the idea...

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