MenKlash

I’d prefer the term statism, but I agree with you.

I mean if you’re gonna criticize the whole capitalist system sure.

1. The Federal Reserve purchases assets and thereby increasing bank reserves.
2. The banks expand credit and consequently the money supply.
3. All prices are raised, and the rate of interest is artificially lowered.
4. Misleading signals to businessmen starts to emerge, causing them to make malinvestments.
5. Businesses overinvest in capital goods and underinvest in consumer goods.
6. As the “time preference” of the public have not really got lower, consuming is preferred over saving.
7. There is a lack of enough saving-and-investment to buy all the new capital goods.
8. Then, “depression” originates in order to reestablish the consumer’s old time-preference proportions.
9. The banks return to their natural and desired course of credit expansion…

FIAT money is independent of capitalism. Its coercive existence leads to distortions of relative prices and the production system, as government and its central bank will always tend to be inflationary.

Eat the Fed!

Every person who think that their vote (in a representative democracy) matters, is a victim of the illusion of universal participation in the use of institutional coercion, that is, the state.

However, what makes the state different from other coercive entities, such as organized crime groups, is that it enjoys some form of popular legitimacy. In other words, in addition to enslaving its inhabitants physically, it needs to secure their mental servitude as well.

In other words there’s no hope

Privatize everything.

VLLC!

Easy money is slavery.

The existence of FIAT money (that is, the state monopoly of the money supply) is the mere source of the business cycle and the discoordination emerged in the economy.

Can we afford for everybody to try to live at the expense of everybody?

No amount of prolix explanation excuses even the act of stereotyping.

It depends on why and how you use stereotypes.

Prejudice only properly refers to judgments formed without consideration of the available information.

Prejudging is legitimate when we do not have all the relevant facts of an object or subject, having to resort to inductive reasoning in order to try to induce and predict its individual characteristics.

It’s all about trying to make new information about someone or something, so we can economize information.

The idea of a “social contract” is flawed in the sense that it is not a contract at all, as it is unilateral in nature.

Voting and taxation do not necessarily imply explicit consent with how government (the monopoly on violence) works.

The dilemma is how you define harming others and what implies being intolerant to an idea rather than a person holding that idea.

The politically correct bien-pensants always fail to recognize that stereotyping is a form of inductive reasoning. If you see something repeatedly, but not necessarily without fail, you form an opinion, which is layered with a degree of truth. A subset of the human race, based on ethnicity, inclination, or geography, will spring to mind after reading each of the following words: financier, migrant worker, male flight attendant, NASCAR driver, sprinter.

I’m sure most of us immediately conjured similar images. Yes, it is unfair to impose a group characteristic onto an individual, but we did so nonetheless. To belabor the obvious, each of us is an individual, not a group. When the stereotype is proven fallacious for an individual, move on.

Economists of the classical school were right to define a monopoly as a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting. Predatory pricing cannot be sustained over the long haul, and not even the attempt should be regretted since it is a great benefit to consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function. The term “monopoly price” has no effective meaning in real market settings, which are not snapshots in time but processes of change. A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.

Amazon is just another big company that benefits from corporatocracy.

Some people care about the latest thing, regardless if it directly affects them or not.

I HATE INTELLECTUAL PROPERTY I HATE INTELLECTUAL PROPERTY

Qué bueno, che

Okay, so you admit you have no idea how economics work.

You’re not even trying to counter-argue my argument.

Conscription is slavery.

It doesn’t matter if everybody is drafted, it won’t change that fact. I think the problem is the existence of the so-called war, that is, mass murder. Who are the ones behind of all that coercion? The state.

Conscription should be abolished.

You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies.

I’m a “follower” of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).

Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.

The definition of a monopoly by the idea of “monopoly price” has no effective meaning in free-market setting, which are not snapshots in time but processes of change.