"Tax-funded security providers have no economic incentive to minimize human and monetary cost, as customer satisfaction is tangential to their job. They are able to take the least economic choices available, as their operation is not constrained by an operations budget or a budget for recruitment and training of manpower. Monopoly army and police can treat their members as dispensable cannon fodder since they are not being allocated by entrepreneurs who succeed or fail in their enterprise by their prowess in allocation. The startling trigger-happy nature of modern police, notorious for wasting life and endangering police and citizens alike, cannot be understood without reference to the lack of market discipline imposed on police services." Principles Of Economics by @npub1gdu7...6nak

“Rather than peaceful cooperation under the rule of law applicable to all, society under government eventually degenerates into competitive conflict and aggression between people seeking to gain control of the power to dominate others. One common statist objection to the idea of a free market in defense is that the largest, most powerful group of thugs will take over and control society. The anarchist’s response is that this is merely the reality of what the state is. Statists present their own cognitive enslavement as an argument for itself. Understood correctly, the state is the largest gang of thugs, and the progress of human civilization depends on minimizing the damage from this gang, not on commandeering it for the impossible task of using its license for evil to do good.” Principles Of Economics by @npub1gdu7...6nak

“The struggle for civilization is the struggle for humans to deal with each other based on the principle of non-aggression, where everyone agrees to respect the property rights of everyone else in their person and justly acquired property. When this principle is overturned in favor of a violent monopolist, the exception begins to seep into all other aspects of life, for the violent monopolist will seek to control all other aspects of life. And with the population conditioned to pliably accept the legitimacy of violent coercion in the sphere of defense and law, it is not very difficult to convince them to extend it to other aspects of life, beginning with money, as in modern fiat capitalist economies, and ending with the concept of property itself, as in communist societies.” Principles Of Economics by @npub1gdu7...6nak

“The more time one spends examining modern state-funded schools and universities, the more one sees their entire purpose as consisting of promoting acquiescence to the state.” Principles Of Economics by @npub1gdu7...6nak

“With the right of secession granted, the state cannot take for granted the allegiance and revenue from its citizens and needs to work for them. Without the right to secession, government becomes a territorial coercive monopoly.” Principles Of Economics by @npub1gdu7...6nak

“As long as a majority of the population continues to believe they are bound to receive security as a gift from a hopefully benevolent monopolist, its provision is likely to be deficient, as is the case with all market monopolies.” Principles Of Economics by @npub1gdu7...6nak

“Mainstream fiat economists are quick to provide voluminous rationalizations for why markets fail, why humans are irrational, and why only coercive intervention can succeed in improving things. Yet closer inspection shows that markets function regardless of economists’ objections and that the real failure of markets occurs when coercive intervention, under alluringly altruistic pretexts, is used to try to fix these markets.” Principles Of Economics by @npub1gdu7...6nak

While in a leadership role never ask your people to do what you’ve never done, what you’re not capable of doing, and what you’re not willing to do in the future.

“But markets do not tend toward monopolies, except through the use of coercive violence. Quite simply, individual producers who charge exorbitant prices cannot stop competitors from undercutting them—unless they resort to force. In decades of examining this question, I have never come across a single example of a monopoly provider whose monopoly status was secured on the market peacefully rather than through coercive intervention. It is always government rules and regulations that create monopolies, as they are the only barrier that can stop peaceful private enterprise. The irony here is that government mandates turn specific industries into monopolies, which then normalizes the idea that this industry inevitably can only function as a monopoly, making it a “natural monopoly.”” Principles Of Economics by @npub1gdu7...6nak

“Profits are not just a mechanism for greedy people to get rich—they are what coordinates the entire structure of market production, allowing producers to calculate the costs and benefits of their various options while searching for a way to serve others the most and produce optimal gains for themselves.” Principles Of Economics y @npub1gdu7...6nak

“Subsidies lead to the overproduction and overconsumption of goods away from what people would freely choose when able to freely calculate. When subsidies are given to individuals based on their economic situation, they create a stronger incentive for people to choose the condition that makes them eligible for those subsidies. Welfare encourages those with low income to stay on a low income. Subsidies for the unemployed create an incentive for unemployment. Worse, by being financed at the expense of the employed, they also lead to the erosion of the incentive to work.” Principles Of Economics by @npub1gdu7...6nak

“Money, as discussed in Chapter 10, is unique in that it is the one good that is obtained purely to be exchanged for something else. It is not consumed, like consumer goods, nor is it used in the production of other goods, as capital goods are. Since its sole purpose is to be passed on, and it performs no physical function to its owner, a claim on it, or a substitute for it, is capable of playing its role in a way that cannot be played by any substitute or claim on another consumer or capital good. A voucher for a steak cannot be eaten, a receipt for a machine cannot produce the goods that the machine produces, and an airplane ticket cannot make you fly. But a claim on money can perform the essential function of money: It can be exchanged for other goods.” Principles Of Economics by @npub1gdu7...6nak

“The manners and mores that make human society possible also suffer when time preference rises, as broad discounting of the future leads to increased interpersonal conflict. Trade, social cooperation, and the ability of humans to live in close contact with one another in permanent settlements are dependent upon them learning to control their basest, hostile animal instincts and responses, and substituting them with reason and a long-term orientation. Religious, civic, and social norms all encourage people to moderate their immediate impulses in exchange for the long-term benefits of living in a society, cooperating with others, and enjoying the benefits of the division of labor and specialization. When these long-term benefits seem far away, the incentive to sacrifice for them becomes weaker. When individuals witness their wealth dissipate, they rightly feel robbed. The supposed social contract appears to have been torn up, and they question the utility of living in a society and respecting its mores.” Principles Of Economics by @npub1gdu7...6nak

“Rather than expecting money to appreciate and thus reliably retain value into the future, fiat returned humans of the twentieth century to far more primitive times, when retaining value into the future was far less certain, and the value of their wealth was expected to be reduced in the future, if it survived at all. The future is hazier with easy money, and the difficulty in providing for the future makes it less certain. This increased uncertainty leads to a higher discounting of the future and thus a higher time preference.” Principles Of Economics by @npub1gdu7...6nak