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(Source: timlebsack, via fatal-conceit)

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Good cop bad cop ?

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eltigrechico said: yo lets see your paper jtuck commented on

http://speaklibertynow.com/2014/08/12/ip-and-the-austrian-school-by-darius-tabatabay/

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"It used to be the boast of free men that, so long as they kept within the bounds of the known law, there was no need to ask anybody’s permission or to obey anybody’s orders. It is doubtful whether any of us can make this claim today."

— Friedrich A. Hayek

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fatal-conceit:

Because bad Rothbardian arguments against fractional reserve banking seem to be popular of late, I’m going to take a post just to refer to what theorists of free banking have said about it. For the most part, the Rothbardian criticisms fall into three categories: that fractional-reserve banking is…

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  • Farm worker: Comrade Stalin, we have so many potatoes that, piled one on top of the other, they would reach all the way to God!
  • Stalin: But God does not exist.
  • Farm worker: And neither do the potatoes.
Tags: communism
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"Anti-war sentiment has made inroads again on the right, which for years has been dominated by hawks. Sen. Rand Paul (Ky.), who has consistently polled near the top of the list of potential 2016 Republican candidates, has made a name for himself in part by insisting on a less aggressive approach to foreign policy, much as his father, former congressman and presidential candidate Ron Paul, did before him. Republicans are even beginning to rethink Iraq: In a February poll by the Pew Research Center, only 36 percent said they believed that America achieved its objectives during the war in that country."

From Reason magazine

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"For someone to get rich in a market economy requires that he or she serve the masses rather than exploit them."

Donald J. Boudreaux

(Source: timlebsack, via fatal-conceit)

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"Economists are quick to speak of ‘market failure’, and rightly so, but a greater threat comes from ‘government failure‘. Because it is a monopoly, government brings inefficiency and stagnation to most things it runs; government agencies pursue the inflation of their budgets rather than the service of their customers; pressure groups form an unholy alliance with agencies to extract more money from taxpayers for their members. Yet despite all this, most clever people still call for government to run more things and assume that if it did so, it would somehow be more perfect, more selfless, next time."

Matt RidleyThe Rational Optimist  (via fatal-conceit)

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That’s my paper, pretty proud of that.

That’s my paper, pretty proud of that.

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"Intellectual property is a point of division between classical liberals, but members of the Austrian School offers a homogenous vision: the vast majority of Austrians rejects the idea that non-scarce goods can be considered property, and most authors who approach the issue from a consequentialist position are skeptical that intellectual property laws should be retained. Although scholars disagree about the ideal solution to the problems resulting from patent and copyright laws, the results of their empirical studies are similar: a system free of intellectual property would rather lead to different innovations and creations rather than fewer of them. If the entire Austrian’s perspective had to be expressed in one sentence, one should not look further than this quote from Friedrich Hayek’s book, The Fatal Conceit:

‘…it is not obvious that such forced scarcity is the most effective way to stimulate the human creative process.’”

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Tags: legalization
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"The picture of man as a being who, thanks to his reason, can rise above the values of his civilisation, in order to judge it from the outside, or from a higher point of view, is an illusion. It simply must be understood that reason itself is part of civilisation."

— Friedrich A. Hayek, The Errors of Constructivism 

(Source: fatal-conceit)