Reading Human Action. I tried a few years back but couldn’t get through it. This time around, I’m realizing Mises is more of a statist than I thought. That being said, he set the pins up for Rothbard,
#AustrianEconomics
Private property rights are more than just a collective illusion. If you follow the logic to its natural conclusion, it’s the only place you can arrive. By the process of elimination, you can prove that private property is a fundamental axiom for humanity.
The alternative to private property is collective property. Goods are utilized in accordance with the desires of their owners. If we presume that property is collectively owned, this means that you would need everyone to agree on how to utilize every good. It must be a consensus. Otherwise, certain individuals are deprived of their share of the “collective” property rights. Practically, this is impossible. If all 8 billion people on earth had to agree on which food got eaten by whom, humanity would starve to death. Any ideology that invariable leads to the destruction of humanity is undeniably anti-human. Collective ownership, therefore, is an anti-human concept. An anti-human concept cannot possibly form the foundation of a prosperous society.
We can then conclude that property must be privately, not collectively owned.
#AustrianEconomics
When you think from first principles, the only place you can arrive at is Austrian Economics. I have never met someone who began at first principles and ended up a Statist.
Understanding the basics of human action is not all that difficult. The problem is not intelligence. The problem is courage. Most people are scared to think from first principles because they are scared of where it might lead them. They are afraid that they will arrive at conclusions that their friends and family might not approve of.
#AustrianEconomics #Bitcoin
The Fed controls the money supply “for the good of the economy.” But yet we have constant inflation and regular recessions/depressions since its inception. The military industrial complex acts “for the good of national security.” And yet, we’ve been on the brink of WW3 for several years now. The medical industrial complex controls people’s bodies “for their own good.” And yet life expectancy is down, cancer rates are rising, and mental illness is at all time high.
Central planning doesn’t work, but we never seem to learn that lesson.
When the price pumps later this year, the no-coiners will start listening to bitcoiners more. Theyll realize that if the bitcoiners were right about bitcoin, maybe they’re right about nostr. Nostr activity goes up with the bitcoin price.
One way X could mitigate this is by introducing their own fiat zaps to compete, but I doubt they’ll have the foresight to do this. Even if they did, nostr still has the advantage of decentralization.
