Recent content by Zavoi

In the past few weeks or months the dollar and the stock market have usually moved in opposite directions, but today they're both down substantially. We'll see if they continue to do this.

This is the key point. If, as it seems, this is supposed to be an argument in favor of progressive taxation, it assumes that the choice is only between "tax and spend" or "borrow and spend". (How rarely we have been given the choice of "don't tax, don't borrow, and don't spend".) This leads to...

Suppose we used gold as money (or silver, or cowrie shells, or whatever). If someone has extra money that they don't intend to spend immediately, they won't want to bury it in their back yard when they can make a profit by lending it at interest, even if only for a single day. We would therefore...

I'll agree with you on that. Since so many "crimes" being tried in the court system are victimless non-crimes, and the police are generally not held personally liable for violating someone's rights, then the exclusionary rule at present does more good than harm. While some types of evidence are...

As long as people are being put on trial for victimless "crimes" such as drug use or nonpayment of taxes, then they should be encouraged to use any means necessary to avoid getting convicted, including the exclusionary rule. However, while the goal of protecting individuals against arbitrary...

Yes, but MAD as self-defense isn't legitimate, in that it involves the threat of force against innocent third parties who happen to be in the geographical vicinity of your enemy.

At some point the possession of weapons rises to the level of a threat against other people's lives and property. Clearly, at one extreme, a pocket knife does not qualify on this count, since there are numerous legitimate reasons why someone might have a pocket knife (among them being...

In this video (at about 6:40) Murray Rothbard discusses some points that have already been mentioned: The "from each according to his ability, to each according to his need" principle conflicts with everything we know about human nature, but even if a Marxist society succeeds in creating a "New...

One thing to remember is that the threat of competition can often be as effective as actual competition. In this example, who exactly is losing out because of Firm 7's practices? Certainly not the consumers, who now can buy cheap paper cups. And the only reason why Firm 7 is able to dominate so...

Alan Greenspan used to advocate a return to the gold standard, and considered himself a Libertarian Republican. But as chairman of the Fed, he has been criticized for abandoning his earlier views (see here) and for causing the current financial crisis by keeping interest rates so low and...

May as well make some popcorn, sit back, and enjoy the show tomorrow! :) Is this worse than January 22?

How long until $/¥ parity? :eek::)

I don't suppose any of you have a video or YouTube link of him saying this? It'd make a nice sound-bite.

I don't think this is possible. When you dump so much of something onto the market, there will be so much quantity supplied, and so little quantity demanded at the current market price, that you will have to lower your asking price in order to sell it all. The result is that you don't get any...

I'm referring to http://libertyisland.netfreehost.com/. I didn't know there were two. What's the other one? EDIT: I found the new one by googling. I guess the old one is deprecated. Ignore this message.