Financial Musings
08-04-2014, 06:24 AM
#11
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Originally Posted by jungle
So, if some guy gets caught rolling off a few near perfect $100 dollar bills in his basement, he'll get slammed with racketeering and counterfeiting charges and end up locked in a little room with a small bed and a stainless steel toilet, ostensibly because he's "stealing from all of us" by "diluting the money supply" but Janet Yellen and the Federal Reserve can do EXACTLY the same thing on an unimaginably massive scale but, somehow, that's okay. How does THAT work?
Author unknown
Author unknown
08-04-2014, 08:13 AM
#12
Libertarian Resistance
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This should not need saying, but it does. There are people today who think life was better in the past. They argue that there was not only a simplicity, tranquility, sociability and spirituality about life in the distant past that has been lost, but a virtue too. This rose-tinted nostalgia, please note, is generally confined to the wealthy. It is easier to wax elegiac for the life of a peasant when you do not have to use a long-drop toilet.
Matt Ridley
Matt Ridley
08-04-2014, 06:27 PM
#13
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Originally Posted by beeker
That sounds ok to me. Next time the guy should roll out perfect $100 bills and not near perfect, there's the problem. He has no one to blame but himself.
08-04-2014, 08:12 PM
#14
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Originally Posted by beeker
That sounds ok to me. Next time the guy should roll out perfect $100 bills and not near perfect, there's the problem. He has no one to blame but himself.
08-05-2014, 05:56 AM
#15
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Originally Posted by tomgoodman
That raises an interesting question: Why is a perfect copy of an artwork worth less than the original one? If the owner/viewer never finds out, how have they been cheated?
08-06-2014, 03:23 AM
#16
Libertarian Resistance
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your libertarian life
But in modern bourgeois societies, libertarianism is the norm for most sub-national social arrangements among strangers. Visit an American supermarket. Look around. You’ll see property rights being respected. You’ll see contracts being made, followed, and enforced. You’ll see voluntary exchanges galore. You’ll find no one taking it upon himself or herself (or colluding with other shoppers or cashiers) to prohibit shopper Suzy from buying as many cans of soda as she wishes, or to demand that shopper Sam buy packages of condoms that he would prefer not to buy. You’ll find no one – again, either acting alone or in concert with others – ‘redistributing’ wealth from the purse of shopper Sally to the wallet of shopper Steve. You’ll see no one conscripting some young shoppers into a military battalion to be unleashed on a rival supermarket. You’ll find people minding their own business and, while being civil and polite to others, never officiously attempting to boss each other around. (I say “officiously” because of course it’s true that store managers do “boss” store employees, but only according to the terms of the employment contracts.) You’ll see people spontaneously creating and following law (such as, for example, the law of not leaving your shopping cart in a position to block an aisle).
Libertarianism is the default arrangement among most groups of strangers in modern bourgeois societies.
Don Boudreaux
Libertarianism is the default arrangement among most groups of strangers in modern bourgeois societies.
Don Boudreaux
09-16-2014, 09:36 AM
#20
Libertarian Resistance
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Slavery began soon after the invention of agriculture and disappeared only with the emergence of modern capitalism. Moreover, widespread opposition to slavery arose first in those societies that first became capitalist.
Don Boudreaux
WW
Don Boudreaux
WW
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