On Natural and Artificial Hierarchies

Except for the belief that the State ought not to exist, not much agreement can be settled across different factions of Anarchism. Self-proclaimed Anarchists often cannot even concur about what the foundational principles behind Anarchism really are. While "Anarcho-Capitalists" or "free market Anarchists" claim that one only needs to believe the State shouldn't exist (or … Continue reading On Natural and Artificial Hierarchies

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Why the State Revels in Crises

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary. - H. L. Mencken   The fundamental task the State proclaims to serve is that of protecting citizens from violence perpetrated amongst one another. For … Continue reading Why the State Revels in Crises

Hoppe on the Problems with Democracy and the Monopoly of Force

An important reason for why possibly a majority today justify or at least put up with having a monopoly of force with the power to tax them and restrict their freedoms is the perception that "the State is us", so to speak. We all have the possibility to try to convince a majority of the … Continue reading Hoppe on the Problems with Democracy and the Monopoly of Force

What’s the Big Deal About Economic Inequality?

Perhaps the most common theme in the mainstream discussion about economic matters today is that of inequality of wealth and income.  The United Nations, for instance, has taken on the challenge to reduce inequality "within and among countries" as their 10th Sustainable Development Goal. "Economic growth," they proclaim, "is not sufficient to reduce poverty if it … Continue reading What’s the Big Deal About Economic Inequality?

Book Review: “The Ultimate Foundation of Economic Science” – Ludwig von Mises

In this essay, published in 1962, Mises elaborates in depth what praxeology means, what implications it has for the study of human action, and criticizes doctrines contradictory to the praxeological method (especially logical positivism). Mises takes complete distance from the classical characterization of man as "Homo oeconomicus" (that is, a purely self-interested and rational person), … Continue reading Book Review: “The Ultimate Foundation of Economic Science” – Ludwig von Mises

What Good has Bitcoin Done for the World?

I used to be relatively passive to Bitcoin and crypto-currencies in general. I was long persuaded by Peter Schiff's argument that Bitcoin was a bubble that would "have a very short life" due to its lack of intrinsic value and speculative nature, and that it therefore does not fulfill Aristotle's five criteria for good money. … Continue reading What Good has Bitcoin Done for the World?

Why is Liberty the Noblest of All Values?

Why are Libertarians so obsessed with liberty? Many foreign to the philosophical basis for Libertarianism may wonder what exactly makes them think of liberty as so special and unique in comparison to all the other standards one can use as the fundamental basis for one's ethics, such as fairness, justice or equality. Why should liberty be … Continue reading Why is Liberty the Noblest of All Values?