Statists claim "The government creates debt and outlines the path for development. If the private sector follows this development path, much of the created money is absorbed through the resulting economic growth and the taxes generated from it, which helps control inflation. In essence, what can provide citizens with benefits beyond what the free market offers are the secondary advantages that arise when the government aggregates small revenues. This is something market advocates often overlook." But an unanswered question remains: why is it only the government that can chart such a path? Are private investors too blind or incapable to recognize these opportunities themselves? This question can generally be raised about all government interventions that aim to achieve Pareto improvements. If the ultimate goal is to improve overall welfare, and this involves improving the situation for one group (Group A) at the expense of another (Group B) in the short term, why can’t Group A persuade Group B to voluntarily give up their short-term interests? Interestingly, the market operates in the opposite way. The market forces investors to redirect capital from less productive sectors (in the long term) to more productive ones. In doing so, it achieves the very goal that government advocates argue for, but in a more efficient and non-coercive manner. #grownostr #freemarket #liberty #economics #fiat #state

Sure let's celebrate, but remember he wasn't pardoned by #state. #state just wasted 12 years of his probably awesome life. #freeross

Just in case you didn't know "... By the time Ulbricht graduated, he had become interested in #libertarian economic theory and adhered to the political philosophy of Ludwig von #Mises." "Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained; there are no schools for creativeness. A genius is precisely a person who defies all schools and rules, deviates from the traditional roads of routine, and opens up new paths through land inaccessible before. A genius is always a teacher, never a pupil—always self-made. He does not owe anything to the favor of those in power. However, the government can create conditions that paralyze the efforts of a creative spirit and prevent him from rendering useful services to the community." - Ludwig von Mises #grownostr #freeross #libertarianism #Bitcoin

Can you pin a note in nostr? #asknostr

There are 3 types of austrian economists. those who can count and those who can't. #grownostr #jokestr

If we take Hayek's view of the price system as a system of telecommunications, one could imagine #Bitcoin as the most censorship-resistant and unmanipulable communication tool humanity has ever known or used. In other words, Bitcoin is nostrer than #Nostr! "The most significant fact about this system is the economy of knowledge with which it operates, or how little the individual participants need to know in order to be able to take the right action. In abbreviated form, by a kind of symbol, only the most essential information is passed on and passed on only to those concerned. It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials, in order to adjust their activities to changes of which they may never know more than is reflected in the price movement." F. A. #Hayek #grownostr #austrianeconomics #fiat #economics

The core of Mises's Bureaucracy is this: the more power state bureaucracies hold, the less democratic the system becomes. Why? Because political bodies (like Congress) delegate decisions to external commissions. These commissions aren't elected by the people but by other bureaucrats, making them unaccountable to public welfare. This fosters irresponsibility and shifts toward totalitarianism—just as it did in Weimar Germany before Hitler’s rise. Published in 1944 amid widespread socialist sentiment, Mises added a 1962 intro noting socialism’s decline in favor of interventionism. U.S. bureaucracy had grown but remained less pervasive than elsewhere, preserving liberalism. He argued trends change and America’s choices would influence the world—a prediction proven true in later decades. #grownostr #mises #democracy #liberalism #bureaucracy #state #america

History + Comedy = Rothbard If anything is simultaneously obvious and brilliant, it is Rothbard’s insight that governments are glorified gangs of criminals. How can anyone who knows the basic facts of history disagree? If you strip virtually any chapter of world history down to a postcard, it’s a story of vicious murderers killing each other in order to enslave nearby civilians. Nearly every guy nicknamed “the Great” was a serial killer on a massive scale – and not the nice kind, either. If all this is so obvious, why don’t most works of history have a Rothbardian flavor? The answer, in short, is that most historians are serious. When they tell the story of William the Conqueror, for example, they take a considered, pompous tone, and treat all the key historical players with respect. They’ve usually got their facts straight, of course. But they don’t want to write the “story of William the Mass Murderer,” so they briefly mention his body count, then move on to William’s land titling policy. source:

History + Comedy = Rothbard

Caplan and Candor

#grownostr #history #rothbard #libertarianism #state #war

Read the below argument of the great Murray in The Ethics of Liberty and tell me isn't he undoubtedly talking about Hoppe? - It might be thought that the libertarian, the person committed to the "natural system of liberty" (in Adam Smith's phrase), almost by definition holds the goal of liberty as his highest political end. But this is often not true; for many libertarians, the desire for self-expression, or for bearing witness to the truth of the excellence of liberty, frequently takes precedence over the goal of the triumph of liberty in the real world. Yet surely, as will be seen further below, the victory of liberty will never come to pass unless the goal of victory in the real world takes precedence over more esthetic and passive considerations. #grownostr #rothbard #libertarianism #hoppe #anarchocapitalism #philosophy

Useful statistics showing the Government expenditure on education, total (% of government expenditure)

World Bank Open Data

World Bank Open Data

Free and open access to global development data

#grownostr