"Popular literature attributes enormous 'power' to the capitalist and considers his owning a mass of capital goods as of enormous significance, giving him a great advantage over other people in the economy. We see, however, that this is far from the case; indeed, the...
Murray Rothbard
Anyone Can Be a Capitalist, part 2
"It might be argued that only the 'rich' can afford to be capitalists, i.e., those who have a greater amount of money stock. This argument has superficial plausibility, since ... for any given individual and a given time-preference schedule, a greater money stock will...
Anyone Can Be a Capitalist, part 1
"[A]ny man can be a capitalist if only he wants to be. He can derive his funds solely from the fruits of previous capitalist investment or from past 'hoarded' cash balances or solely from his income as a laborer or a landowner. He can, of course, derive his funds from...
TGIF: Supply Precedes Demand
"Consumption is the sole end and purpose of all production." —Adam Smith, The Wealth of Nations, 1776 "In the market economy the consumers are supreme. Their buying and their abstention from buying ultimately determine what the entrepreneurs produce and in what...
2/15/24 Peter St Onge on How the Fed is Making You Poorer
Download Episode. Scott is joined by Peter St Onge to talk about how the government uses the Federal Reserve to enrich the politically connected at the expense of everyday people. St Onge explains how we arrived at this crazy economic moment and draws comparisons to...
How Ron Paul Gets Liberty Right
The great Dr. Ron Paul has been right about all the major issues that confront the world today. He is right about the Fed, the Ukraine war, the FBI, and so much else. How has he managed to do that? What has given him wisdom unique on the political scene today? The...
TGIF: Social Order through Liberty
Human beings are self-actualizing social animals. We need to cooperate with others to flourish fully and (but?) we also need the freedom to make of ourselves the persons we wish to be; we need autonomy. Can we do both liberty and social order? The answer is yes, and...
Justin Raimondo’s American Epitaph Ep. 222
https://youtu.be/8yNp_Rqr1AE On July 4, 2022, I reflect on the United States' fall from republic to failing empire. In doing so, I get a little help from Murray Rothbard and Justin Raimondo. Episode 222 of the Liberty Weekly Podcast is Brought to you by:...
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Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
Israel Winner of the 2003 Iraq Oil War
Domestic Imperialism: Nine Reasons I Left Progressivism
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...