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Showing posts from June, 2020

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…

That Bread is Mine, Too

Okay, so the State was smashed yesterday morning. Now what?

Obviously, everybody will go his/her own way and make oodles of gold. Some of it will be spent on protection agents and arbitration. And we shall be ever-vigilant against the return of the State!

But what are we going to do if someone wants his money back?


Such a question is far from academic, for one’s view of justice seems to determine one’s revolutionary tactics. Robert LeFevre, the anarcho-pacifist, pursues a purely educational route because he has foresworn the use of defensive restitutive force. What else can he do? Murray Rothbard, enamored with “temporary” political expedients, pursues popular fronts with rightists, then leftists, then partyarchs. With his “double restitution” or “restitution plus punishment” theory, he finds himself allied with the Penal Institution crowd regardless of other alliances.

Ayn Rand seeks unlimited restitution, and since infinity can only be achieved mystically she must resurrect a gover…

Riots are Inevitable, Not Justified

Beginning Note: I do not condone the riots against or the looting of private citizens or private property. This is not a defense, it is an attempt at an explanation.

Across US cities, there have been protests to call for reform of the police and legal system that is responsible for the brutal murders of George Floyd and Breonna Taylor. While the overwhelming majority of these have been peaceful events, much of the news coverage and government reaction has been in response to the rioting and looting that have become adjacent to the calls for justice.




Many are shocked at the almost complete breakdown of law in cities across the country. But these should not shock anyone. They are an inevitable product of our current legal system: a monopoly. The government and police claim to have a monopoly over the legitimate use of force, and when this monopoly is shown to be counterproductive to the preservation of law--that is the protection of person and private property--we can only expect chao…