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npub1xnc6...3qnl
Contributing to the Bitcoin Breakdown newsletter
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sachin 8 months ago
There is no global There has never been a global There can never be a global There should never be a global Not on Nostr or anywhere else in history, present, future or imagination Study Austrian Economics
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sachin 8 months ago
'Protectionism Smashed' by Murray Rothbard image
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sachin 8 months ago
A Murray Rothbard quote that is incredibly relevant to Bitcoin and Nostr: 'There have been glorious exceptions, however, particularly in the history of Western civilization, where intellectuals have often been trenchant critics and opponents of State power, and have used their intellectual gifts to fashion theoretical systems which could be used in the struggle for liberation from that power. But invariably, these intellectuals have only been able to arise as a significant force when they have been able to operate from an independent power base - an independent property base - separate from the apparatus of the State. For wherever the State controls all property, wealth, and employment, everyone is economically dependent on it, and it becomes difficult, if not impossible, for such independent criticism to arise. It has been in the West, with its decentralized foci of power, its independent sources of property and employment, and therefore of bases from which to criticize the State, where a body of intellectual critics has been able to flourish.'
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sachin 8 months ago
Would appreciate being fact-checked on this: The US is the only country in its history to have abolished a central bank more than once. Now that's something.
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sachin 8 months ago
The anti-capitalist mentality: Buying things is irrational Selling things is deception Advertising is manipulation Profit is exploitation Saving is miserly Storage is hoarding Saving is selfish Investment is gambling Interest is evil Property is theft Contract is slavery Wealth is immoral No thanks.
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sachin 8 months ago
One of the first Bitcoin Maximalist-type quotes from Mises I came across that Bitstein shared a few years back: "There would be an inevitable tendency for the less marketable of the series of goods used as media of exchange to be one by one rejected until at last only a single commodity remained, which was universally employed as a medium of exchange; in a word, money.” - From his book ‘The Theory of Money and Credit’