If you haven't already, I recommend watching this on monopolies. It goes over historical evidence to show that the only force capable of creating a long-term monopoly is the state itself.

https://www.youtube.com/watch?v=X4LNn6rtYAo

#grownostr #austrianeconomics #economics #praxeology #rothbard #state #monopoly #liberty #libertarianism  

 AFUERA!

https://image.nostr.build/ca36ed1b9ef42660721dbe5c38217c32dd29fce83ea1b56c4c262a79b3ada7af.png

#grownostr  #memestr  #meme  #memes  #milei  #liberty  #libertarianism 

 Hans-Hermann Hoppe distinguishes between two scenarios: one where migrant A moves to the destination country with an invitation from person B, and another where migrant A migrates without an invitation. He believes that the first scenario is exactly like free trade, where for every good entering a state's protected territory, there's an accepting party. Therefore, any restriction by the state is unethical. However, in the second scenario, since no one has accepted the migrant, there is forced integration, as A is using public goods that are collectively owned by all residents.

The contradiction I don’t understand is that simply having an invitation from person B doesn’t turn migrant A into B’s property! Apart from the working hours set by B, A is essentially like any other migrant who has just crossed the border without any invitation from any resident.

Does the mere fact that one person (B) is okay with A’s presence during non-working hours—just because A might (we don’t know if A will uphold their promise to B, and under libertarian legal theory, failing to fulfill promises is legal as long as it doesn't harm private property)—mean that forced integration doesn’t occur? If that's the case, then if even one American is okay with Mexicans entering the country because they might benefit from their services in the future, wouldn't closing the U.S. border be forced exclusion rather than forced integration?

#grownostr #libertarianism #freeimmigratiton #anarchocapitalism #anarchocapitalism #openborders #freetrade #hoppe #freesociety 

 https://image.nostr.build/49c7eb35ec477955e3d5af61644c9cd747272e3e40b06a0c680e04a02c10a368.jpg
In the 1960s, a bright idea emerged: "Communism spreads because of poverty!" The thinking went that agricultural societies would remain stuck in poverty until they industrialized. So, America's grand strategy to combat communism? Poverty eradication through industrializing the world's farmers.

To achieve this, they pushed land reform programs and modernized agriculture. The mastermind behind it all? Walter Rostow, a famed economist with a book called The Stages of Economic Growth. The U.S. even pressured its allies, like Iran, into land reforms, thinking this would do the trick.

But this whole plan was a classic misreading of institutional economics. They believed that by breaking up landowner control and pushing through land reforms, they'd magically create a modern, industrial economy.

And the cherry on top? The most extreme version of this mindset was exporting democracy—something we've painfully witnessed over the last two decades. Under the guise of "institution-building," the U.S. left a trail of disastrous results in its wake.

Now, let's talk about Iran’s land reforms. Taking lands from the landowners was a massive blunder. First, it was an outright invasion of private property. Second, it made the landowners powerful enemies of the Shah. And third, the farmers, unable to manage their newfound land, flocked to the big cities over the following years. They eventually became a driving force behind the Islamic Revolution of 1978!

#grownostr #history #libertarianism #Iran #privateproperty #revolution #economics #state #institutionaleconomics #institutions #democracy 

 I'm struggling with a theoretical flaw in Rothbard's theory of punishment, particularly his idea of double restitution. He states:

'The criminal should not only have to return the $15,000 but also be forced to pay the victim another $15,000, so that he loses the rights to the amount he took.'

I'm fine with the 'double' aspect, but why must it be based on the market value? Isn't value subjective in the Austrian perspective? What if my property is subjectively worth more than $15,000 to me? Wouldn't it make more sense to let independent, voluntarily chosen courts determine the real value?

If you're wondering how courts would assess this, that's their responsibility—just like how restaurants figure out how to make a better pizza than their competition. And if you're skeptical about whether such a tool could exist, remember that 500 years ago, we had no tool to record the past, but today we have cameras!

#asknostr #grownostr #rothbard #austrianeconomics #law #libertarianism #anarchocapitalism 

 According to Rothbard, contracts based on future promises without a clear transfer of property shouldn’t be enforced by law. The reasoning is that no one can transfer ownership of their future will. For instance, if I simply promise to pay you $1,000 tomorrow and you act on that, there’s no obligation for me to pay. However, if you give me $900 today and I promise to pay $1,000 tomorrow, this is different. In this case, property has changed hands, and if I don’t pay, it’s effectively theft. Therefore, in a libertarian society, contracts preventing a party from offering future services to others (like exclusivity agreements) wouldn’t be protected by law, ensuring monopolies can’t be legally enforced.

#grownostr #rothbard #austrians #contracts #philosophy #moralphilosophy #monopoly #trust #freemarket #libertarianism #llibertarian 

 I used to believe that tariffs and economic protectionism were mainly about individual freedom or lowering prices. But I’ve come to realize they are tied to something even more critical—global peace. When countries engage in protectionist policies, it restricts free trade, heightens tensions, and can eventually escalate into full-scale conflict. A historical example is America’s protectionism in the early 1930s, which severely impacted Germany’s economy. With the U.S. as its biggest trading partner, Germany’s economy collapsed, unemployment soared, and this environment helped bring the National Socialist German Workers' Party to power.

So no matter how much you brag about not supporting Ukraine and call yourself a peacemaker, your policies might tell a different story.

#grownostr #Liberalism #EconomicPolicy #Economics #Politics #FreeTrade #History #Ukraine #War  

 While it's true that voting in elections supports fiat states, as libertarians who advocate for open borders, it's important to clear something up: Democrats and leftists aren't more pro-open borders than Republicans. What they really push for is more immigration to expand the welfare state, mess things up, and secure more votes. In contrast, Republicans are far more honest on this issue.

#grownostr #fuckfiat #libertarianism #politics #election 

 Action is always necessarily rational because an acting man is always aiming his action to satisfy some desire. The terms rational and irrational are inappropriate and meaningless with respect to the subjective goals of a man. Since nobody is in a position to replace his own values for those of an acting individual, it’s futile to pass judgments on other people’s goals that come from their free will. Praxeology takes the values of acting man as a given and does not analyze them. Therefore praxeology is value-free.

#LearnPraxeology #Praxeology #grownostr #AustrianEconomics #HumanAction 

 Action always involves both taking and renunciation, because there are always at least 2 things that a man can't have at the same time.

#LearnPraxeology #Praxeology #grownostr #AustrianEconomics #HumanAction 

 Psychology studies the conscious and subconscious factors that impel a man to act, Praxeology studies the action itself, and it's thus not concerned with the underlying motives that psychology studies. Therefore, the terms “unconscious” that Praxeology uses and “subconscious” that Psychology uses are completely separate because they belong to two different systems of thought and research.

#LearnPraxeology #Praxeology #grownostr #AustrianEconomics 

 In the country I live in, where the economy is in shambles, an average family spends around $300 a month to live (after subtracting debts, taxes, insurance, etc. from their income). The annual inflation rate is about 50%, and it's getting worse over time. #Bitcoin #Adoption seems like a reasonable solution, especially with the #Lightning Network enabling payments of $300 a month. But what's holding it back?

I used to think it was all about volatility, but then I asked myself—volatility for just $300? Sure, it's a significant amount for us, but we're talking about #Bitcoin here. I'm also aware of adoption cases in #Cuba and #Africa, where even there, Bitcoin users remain a minority.

In the spirit of documenting the situation, I’m listing some reasons below and I #AskNostr for more insights, reasons, and solutions:

1) It’s hard to explain to everyday people why Bitcoin is economically superior in their current conditions. It’s even more puzzling when you realize many are trading shitcoins on exchanges!

2) People are accustomed to traditional trust systems with #government institutions. They still trust failing banks to hold their money, and I’m sure they’ll trust CBDCs (which are gradually emerging). Some even trust online exchanges but hesitate when it comes to holding their private keys. It's voluntary #slavery in a way.

3) People in countries like mine have a very high time preference. Deep down, they’ve accepted they can’t change the future, so they don’t even bother trying. I hear things like, 'Someday it’ll be fixed,' or 'Just believe in karma.' This mindset is so entrenched that, despite everything going downhill year after year, they don’t think long-term. They stay trapped in short-term pleasure cycles.

4) We've experienced one of the longest periods of chronic inflation in the world, but we haven’t hit #hyperinflation yet (though I believe we're on the verge). The issue is, people can't imagine hyperinflation. They're not scared enough—or they just don’t want to be.

I’m sure there are other factors, I welcome your thoughts, advice, and shared experiences, especially from places like #Cuba, #Venezuela, #Nigeria, and other countries facing similar struggles.

#BitcoinAdoption #GrowNostr #Fiat #FiatStandard  

 In a #libertarian world, there would be no crime against an ill-defined ‘society’, and therefore no such person as a ‘district attorney’ who decides on a charge and then presses those charges against an alleged criminal. Someone who intentionally violates another person’s property rights through theft or violence forfeits his own property rights “to the extent that he deprives another of his rights.” These rights are forfeited to victims because the victims have had their property rights violated. 

Is there a theoretical flaw in Rothbard’s theory of proportionality? For instance, if you steal my car and refuse to compensate me, shouldn't you be forced to surrender your income until the debt is fully paid? Some might argue this sounds like slavery, but the 13th Amendment allows for involuntary servitude as a punishment for crime. So why doesn’t the current system operate this way? Is it because such an approach is difficult to enforce in practice, or is it a matter of humanity and ethics? What’s the real reason?

#Grownostr #AskNostr #Rothbard #Libertarianism #Law #PropertyRights 

 Regret is one of the most unproductive emotions. Every action you took was based on your mindset at that time. If you're regretting something you did or said, it shows how much you've grown and changed—because real change happens gradually, not overnight. By reflecting on your past mentality, you can appreciate your honesty in taking action back then. #idea 

 Next time you find yourself doubting Bitcoin thanks to the 'brilliant experts' over at MIT, Harvard, and the like, just remember that Paul Samuelson habitually overestimated Soviet economic growth (for 20 years, from 1961 to 1980).

Here’s a nice table summarizing the numbers relayed to millions of students over the decades:

https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b097283-1593-4655-b654-91f589187afc_654x353.png

Levy and Peart find that Samuelson was hardly alone. Successive editions of competing textbooks were also stubbornly optimistic about the USSR.

Read more on Caplan's blog:
https://www.betonit.ai/p/why_were_americhtml

#Grownostr #Bitcoin #Freedom #Economics #Soviet #Experts #EconHistory 

 Nostr idea: Imagine having Nostr comments on every website! An extension could display comments from others on any URL you visit, and you'd be able to leave your own too. Thoughts?

#nostridea #nostrideas #grownostr #freespeech #censorshipresistance #asknostr 

 Classic election vibes: people don’t vote because they like the bastard’s ideas. But media-induced panic over how evil the other bastard’s ideas are. ‘Yeah, he throws tariffs around, lunches shitcoins, and breaks promises left and right... but price controls?’

#grownostr #freedom #election #trump #us 

 Big data won't make central planning feasible. Central planning's challenge was predicting the future since knowledge emerges from individual actions. Claiming Big Data can eliminate the need for individual actions is exactly claiming “I can build a time machine and travel to any point in a constant range of time.” Now think about:

1) your delusions of grandeur 
2) the world at that time 
3) the consequences of such a claim.

#grownostr #Freedom #AustrianEconomics #Bitcoin #Nostr #BigData #AI #CentralPlanning #FutureForecasting #DataScience #TechMyths #EconomicTheory #TimeMachine #Innovation #PredictiveAnalytics #TechDebate  

 So, this is the first post probably ever written by me in social. don't trust, verify it! #grownostr #nostr