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Against the IFP

Centralizing control over a currency’s infrastructure is a seemingly obvious mistake.

One would think any Austro-libertarian worth their salt would be able to see thru such a charade. Yet here we are, again. Face to face with economic illiteracy. Not garden variety lefist economic illiteracy, but one far more stinging and painful - one which comes from within our own community, rather than from without. 

First, Bitcoiners faced the economic illiteracy of maximalism and small blockers. Attempts to masquerade money’s primary function as value storage (Ammous) or rejecting Menger’s Regression Theorem altogether (Szabo) are luckily demonstrably false. Nevertheless, the shock of our fellow Bitcoiners illiteracy was like an unexpected slap in the face. Suddenly, we were forced to confront the fact that the ignorance of our allies in the fight for sound money, had led them astray. Yet, thru BCH we were thankfully able to keep Satoshi’s dream of peer to peer cash intact. 
Well, crypto anarch…

Milton William Cooper: Behold a Pale Horse | Book Review

Conspiracy theories play an elementary role in the pursuit of truth. After all, they tend to arise from speculation in cases with lack of information or holes in the story in order to make sense of the world based on what one already knows or think one knows. Some of these are rather easy to debunk theoretically (such as the flat earth theory's irreconcilability with gravity), but many are more difficult to completely refute, perhaps because of a lack of information or the theory being a half-truth where its hard to separate fact and fiction.

Investigating and thinking out conspiracy theories can be a challenging psychological exercise, and some of them can be pretty stressful to consider the plausibility of (such as corrupt and outright evil conduct by the elites), where it's potential truth (or lack thereof) is especially significant.

Milton William Cooper - Wikipedia
Milton William Cooper

In Behold a Pale Horse, Milton William Cooper outlines a number of significant conspiracy theories: secret societies, the New World Order, FEMA camps, US army connection with the satanic church, aliens and UFOs, the US government utilizing drugs as weapons against their own citizens, and many more. Many - if not most of these - may sound absurd to the average reader, but Cooper is humble in his understanding that not everyone would blindly accept everything he says. He writes, "It is possible that one or more conclusions may be wrong. The purpose of this book is to convince you (the reader) that something is terribly wrong. It is my hope that this work will inspire you to begin an earnest search for truth. Your conclusions may be different but together we can build a better world."

Cooper made a good call in dedicating the first thirty pages in the foreword to delineate his history as a Vietnam veteran who had been in both the Air Force and the Navy and acquired Top Secret clearance to many classified documents he recalls further on in the book. This really builds up his ethos well to make the content more "consumable" for the skeptical reader. He also documents how he became targeted by government officials after he left the military due to attempts of leaking information to journalists and the like, and claims there to have been numerous assassination attempts against him, as well as financial and psychological efforts to stop him.

He died at the age of 58 in November 2001 after a shooting with Apache County deputies trying to arrest him on "charges of aggravated assault with a deadly weapon and endangerment stemming from disputes with local residents in July and September," and had vowed in 1998 that "he would not be taken alive" for the charge of tax evasion. Some have since theorized that his death was related to his prediction of the 9/11 attacks and that bin Laden would be presented at its perpetrator, given the two events being so close in time, and that the deputies knew what would happen in this confrontation, but I'll let you make your mind up on that for yourself (note: documents attained through FOIA requests post-humously has shown that FBI had Cooper under surveillance).

FBI file of Cooper

Many claims in Behold a Pale Horse should be taken with a grain of salt, but it's a good starting point to become familiar with the contents, documentation and the mode of thinking behind conspiracy theories, from which one can further investigate if one has the time and interest. Many conspiracy theories have turned out to be true (see: Why the State Revels in Crises, 25 Conspiracy Theories That Turned Out to be True20 insane conspiracy theories that actually turned out to be true7 bizarre conspiracy theories that are actually true, and many more results coming up by searching some variety of "conspiracy theories that turned out to be true"). I'd therefore recommend reading Cooper's Behold a Pale Horse with an open - but critical - mind, and see whether you think his arguments and documentation is enough to at least start to question the official narrative. Good luck in your search for truth. Again: "Your conclusions may be different but together we can build a better world." Sapere aude!

Stefan M. Kløvning is a Norwegian student discussing political, economic, and philosophical matters from an Austro-Libertarian perspective on his blog MisesRevived.


  1. Look up the case of William Morgan. It is about Freemasonry. Bill mentions it in his book, but he misses an important date in history.


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