Logical Anarchy Today

The School of Salamanca was a very interesting university and school of thought. During the 1500s they formulated the idea of subjective valuations, sound money, and the importance of private property. This makes their school of thought highely interesting for the libertarian and Austrian Economists today.

The School of Salamanca

The School of Salamanca: Readings in Spanish Monetary Theory by Marjorie Grice-Hutchinson

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Venezuela ran out of beer! Why has the country seen a shortage of basic goods? Has democractic socialism failed or, as the democratic socialists themselves contend, has Venezuela just not applied socialist principles properly?

Venezuela Runs Out of Beer by Ed Krayewski

Inflation, Shortages, and Social Democracy in Venezuela

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Recently I had a discussion on twitter regarding agorism and political action. I am of the mind that voting does absolutely nothing but if you want to vote and you think you can make a change, go for it. I'll be over here engaged in counter economics and spreading ideas. The concept of the state and it's authority rests in the mind of those that believe in the state. Even if you believe in political action, you have to admit that you have to eradicatethe statism from people's brains before they can be of any use in that realm. This person said that because I don't believe in voting and encourage people do avoid politics that I am hurting liberty. With that logic, I can throw it back at them by arguing that convincing people to abandon argorism forces people to rely on their oppressors for change. The two do not have to be exclusive to each other is my point.

The Road to Servomechanism by Gabriel Oliva

Konkin Replies to Rothbard: In Defense of Agorism by Samuel Edward Konkin III

An Agorist Primer by Samuel Edward Konkin III

How to Start Doing Agorism by George Donnelly

Hayek's Real Thoughts On Praxeology by Per Bylund

Your Vote Doesn't Matter by Jon Torres

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Statist economists have, for a while now, tried to claim that deflation and the falling prices associated with it is bad. But should the purchasing power of money increasing be a good thing? Doesn't that mean that the poorest of the poor are now able to have their money go farther? Isn't that progress? As an example, the original Apple 1 computer sold for $666.66 in 1976. Factoring for inflation, that is equivalent to $2,841.11. Today you can by a laptop that is much better that the Apple 1 for $300. Has the economy and tech market collapsed because of that? Of course not.

Logical Anarchy Today Episode 93 – How Much Money Does the Economy Need?

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People like to paint capitalism as a violent and coercive system. But capitalism is all about voluntary exchange. Individuals, of their own free will, engaging in trades that both sides find beneficial. It is a thing of beauty really! Statism on the other hand functions under the idea that certain people have the right to use violence in order to control society. How can one expect a system centered around violence to create peace? Only morons can.

Did WWII end the Depression?

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The words "capitalism" and "anarchism" are dirty words in today's culture. Putting the two together to form the term "anarcho-capitalism" is enough to make the most devout statist faint from shock. The left and right like to hurl a lot false descriptions at what anarcho-capitalism or voluntaryism is. Today we show why 3 of those things are not true.

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Did WWII end the depression? People like Krugman would have you believe so. The problem is that people like Kurgman never saw 2008 coming. The statist economists prior to the great depression never saw it coming. Only the Austrian Economists new what was going on. Learn why in today's episode.

Crisis and Leviathan By Robert Higgs

Depression, War, and Cold War By Robert Higgs

What the Heck are Interest Rates?

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I recently had a friend not want to be my friend anymore because of my views on war. Oh well. I have to time for emotive rhetoric devoid of logic and reason.

Tom Woods Liberty Classroom

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This week Obama met with Janet Yellen, the Fed Chair. It was a private meeting with the official statement saying that the president and Yellen were exchanging notes about the economy and it's "growth". But this was right after a secret meeting of the Fed board. Perhaps the Fed is realizing the lose-lose situation they put us all in.

What Did Fed Chairman Yellen Tell Obama? by Ron Paul

March 2016 Manufacturing ISM® Report On Business®

US Retail Sales Tumble Into Recession Territory Driven By Auto Sales Plunge

U.S. Industrial Production Fell in March

US small business confidence hits new two-year low

The U.S. education bubble is now upon us

What the Heck are Interest Rates? by Jon Torres

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Monetarists that worship Milton Friedman argue that a steadily growing economy needs a steadily growing money supply. They argue that if this does not happen, recessions and depressions will occur. This is all nonsense though. If it were true, third world nations could end poverty easily by simply creating a central bank and printing money until poverty is eradicated. Learn more about this in today's episode.

How Much Money Should There Be?

Regression theorem Mises Wiki

Subjective theory of value Mises Wiki

The Origin of Money and Its Value

Human Action by Ludwig Von Mises

Tom Woods Liberty Classroom

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