One Law

Re-thinking governance. We only need one law - the Non-Aggression Principle - the foundation of libertarianism - to maximize justice, peace, and prosperity.

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Investors Still Wary of Bitcoin

Investors Still Wary of Bitcoin

Bitcoin is established, but many investors are still wary according to industry experts.

Source: Investors Still Wary of Bitcoin

If you are wondering about the bewildering array of cryptocurrencies, its new financial language, the recent surges and volatility in Bitcoin value, etc., then consider following Cointelegraph. It has shown to be an informative daily newsletter for covering the advancement of cryptocurrencies, ICOs, Blockchain technology, and much more.

Could the recent surge in cryptocurrencies be explained by Gresham’s Law? For more, also see this article by BTCTheory.com

Note: The views expressed are solely the opinion of the author.
Video/Image source: Cointelegraph
Source:  Cointelegraph

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We’re Spending Too Much on Defense

We’re Spending Too Much on Defense

Source: We’re Spending Too Much on Defense

Putting the US defense budget in perspective …with truth and good humor!

But the question still remains: how do we fix it, and then sustainably prevent such overreach, waste, inefficiency and graft from occurring again.

A hint: it’s not going to come through anyone in government or the military industrial complex. And unfortunately, our votes are totally worthless when it comes to affecting bureaucracy.

If you think you have an open mind, and appreciate a consistent philosophy which more accurately and comprehensively explains the interrelationship of liberty, government, and the economy, then you might check out this guy: Murray N. Rothbard

Initially, his ideas may seem radical (and they are by “normal” standards), but if we think them through, and apply them to any situation around us, then ironically, greater truths are revealed that come full circle to common sense – enlightening is understatement.

His readings can be found here at the bookstore for Mises.org.

Note:  The views expressed are solely the opinion of the author.
Conceptual and title source: Reason.com and  & 
Media source: Reason.com

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Money Markets Are Going Haywire, Blame the Government

Money Markets Are Going Haywire, Blame the Government

The buying and selling of dollars is usually a dull piece of the world’s financial plumbing, but in the past few weeks dollar has behaved like it did during the 2008 financial crisis and the 2011 Greek default.

Source: Money Markets Are Going Haywire, Blame the Government

And why?

Well because, as Mr. Mackintosh squarely says:

“This time there is no crisis—except, perhaps, one of legitimacy. Back in 2008 and 2011 there was a global shortage of dollars because banks weren’t willing to take the risk of lending, and governments and central banks had to step in to help. This month there is a shortage of dollars because governments and central banks have set arbitrary targets for bank capital, and like every bad manager in a bad company, they got what they asked for—and a lot they didn’t.” [Emphasis mine]

It is unfathomable to me that more people don’t see this regulation — of a fundamental aspect of banking — for what it is: pure socialism.

There’s nothing competitive about this structure. Nothing entrepreneurial. Nothing creative – except perhaps how to skirt the law.

It is simply an attempt through centralized planning to “control” the banking industry, or more likely provide another barrier to competition between banks, or some other detente between all the pretty shiny people in D.C. and their counterparts in the banking industry.

I acknowledge that this may be a little caustic because I’m not sure of the particulars, but I am sure this is not competitive, not in the best interest of customers, and it is surely is not capitalism …not to be confused with crony capitalism which is more like a kissing cousin to fascism.

What is an entrepreneur to do?

Note:  The views expressed are solely the opinion of the author.
Conceptual and title source: Wall Street Journal by James Mackintosh
Media source: Wall Street Journal