Money & Property Rights: ------------ “We may call any kind of money that comes into use by the voluntary cooperation of acting persons 'natural money.' To cooperate voluntarily in our definition means to provide mutual support without any violation of other people’s property, and to enjoy the inviolability of one’s own property.” ------------ Excerpt from The Ethics of Money Production Jörg Guido Hülsmann

“Natural” money is opt-in money. Bitcoin is opt-in money… ——— “When a medium of exchange is generally accepted in society, it is called “money.” How does a commodity such as gold or silver turn into money? This happens through a gradual process, in the course of which more and more market participants, each for himself, decide to use gold and silver rather than other commodities in their indirect exchanges. Thus the historical selection of gold, silver, and copper was not made through some sort of a social contract or convention. Rather, it resulted from the spontaneous convergence of many individual choices, a convergence that was prompted through the objective physical characteristics of the precious metals.” Excerpt From The Ethics of Money Production Jörg Guido Hülsmann

“Natural money production can work; it has worked wherever it has been tried; and there are no tenable technical, economic, legal, moral, or spiritual reasons to suppress its operation. By contrast, there are a great number of considerations that prove conclusively the harmful and evil character of inflation. And in our time inflation has become persistent and aggravated because various legal provisions actually protect the monetary institutions that produce this inflation. Money production is therefore a problem of justice in a double sense: On the one hand, the modern institutions of money production depend on the prevailing legal order and thus fall within one of the innermost provinces of what has been called social justice. On the other hand, the prevailing legal order is itself the very problem that causes perennial inflation. ” Excerpt from The Ethics of Money Production Jörg Guido Hülsmann

A helpful, free, and easy-to-share orange pill resource:

Looking Glass Education

Looking Glass Education

Helping you to navigate your financial future through the power of Bitcoin