Everybody, try laughing. Then whatever scares you will go away!

The idea that humankind can shape the world according to wish is what I call the fatal conceit. — Friedrich Hayek

Crossing the event horizon of reason.

Bitcoin exemplifies spontaneous order. View quoted note →

No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

When the state pours subsidies into favored firms or industries, it does not “stimulate” the economy—it falsifies it. The price system, which in a free market transmits the real valuations of millions of consumers, is bent and twisted to serve political ends. Entrepreneurs, no longer guided by authentic profit-and-loss signals, chase after government favors instead of consumer demand. Capital is squandered, labor misallocated, and production redirected into channels that would never have survived on voluntary support. What emerges is not growth but waste, not coordination but chaos. Intervention severs the connection between what people want and what is produced, replacing the discipline of the market with the arbitrary dictates of the state.

While I value competition, I won’t support a lesser product simply for the sake of having an alternative.

Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions. — Friedrich Hayek

The whole of economics can be reduced to a single lesson: we cannot escape scarcity.

Math doesn't care about your feelings or your fairy tale ideology. - @calle

Cryptography safeguards property rights more effectively than violence ever could.

Bitcoin Audible • Read_896 - Inalienable Property Rights • Listen on Fountain

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@yan

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” — Friedrich Hayek

And this is the perennial genius of the State: it not only seizes power through deception, but maintains it through the willing self-deception of its subjects. The bamboozle becomes not merely a passing fraud, but the very foundation of political legitimacy. Once the public has been conditioned to equate the State’s coercion with social order, they will defend their own shackles and denounce anyone who points to the lock. The State is not an unfortunate accident that can be corrected by ‘better men’ in office; it is a permanent machinery of plunder and control, inherently hostile to truth and liberty. To grant it power, no matter how small, is to grant it the means to grow, to entrench the bamboozle ever deeper—until, at last, the parasite destroys the host.