Krugman’s Ideas on Deflation & Why He’s Really not a Knucklehead

"Far be it for me to argue economics with Paul Krugman. The man is extremely well-credentialed and has been published widely. Even if I don’t see eye to eye with him I don’t think he’s a knucklehead like many libertarians assert. Moreover, once we’re working inside of monopoly capitalism like we are now he very well may be right about how to manage its wackiness and the imperative of doing so. After all, the Keynesian foundational position is one which acknowledges the inherent instability of state capitalism as it needs the state’s anti-market power to substantially interfere in order to keep the system afloat.
The Austrian or libertarian position we hold though isn’t purely about the follies of central planning or maintaining state capitalism but also the injustice of doing so. We aren’t as concerned with how to keep state capitalism/corporatism afloat because its existence is an insult to a free people. We should be able to legally choose our own tender without threat of punishment for which currency we peacefully use. This true federation and competition between monies would go very far in protecting us from the volatility of the currency market, meddlesome bureaucrats and political whim."

Read the rest of the article at
Silver Underground.

Ross Kenyon,
Assistant Editor, THL
Articles | Author's Page

Obama keeps pushing the bipartisan religion of interventionism

Michael Scheuer is deadly accurate - foreign interventionism is a bipartisan religion (or disease, whichever you prefer). Too often, I believe, Americans think about Washington’s interventionism only as the actual physical intervention of U.S. military forces abroad in places where no U.S. interest is at risk. That activity certainly is intervention, but President Obama’s despicable decision last week to have his administration leak intelligence claiming that Israel has concluded an agreement with the government of Azerbaijan to allow its use of Azeri airfields for an air strike on Iran is just as much an unwarranted intervention by the United States government. Readers of this blog will know that I carry no brief for Israel, that I believe it is a state that is irrelevant to U.S. national interests, and one whose U.S.-citizen supporters are disloyal to America and involved in activities that compromise U.S. security and corrupt the U.S. political system. That said, Israel — l...

How Thorough a Brainwashing

Saw this on Facebook: Left this comment: It's more thorough of a wash job than that. They don't just believe they are not brainwashed, the question has never occurred to them and as long as they keep reading TIME and watching MTV, it's *impossible* for the question to occur to them. Oh brave new world, that has such people in it. EDIT: And one more thing-- don't ever stop considering what questions it is currently impossible to occur to you . This is what I've been thinking about a lot lately and I'm worried just how large and numerous my own blindspots are. The only solution is to be as intellectually curious as possible. To learn voraciously. To read things that challenge us. To read things that are hard for us to understand and then try to understand them. To expose ourselves to ideas far removed from our present culture and place on the timeline. Read old books. Read foreign books. Turn off the TV. You have already absorbed its biases and blindspots. ...

How To Gain More Twitter Followers

Earlier today, I wrote : "My goal is to write a book before the end of March. My goal is to spend no more than a week from start to publication, spending as much time as I need in order to get it done during that week. My goal is to give it away to you for free here on HumbleLibertarian.com. What's a goal you have? Something you may have been putting off for years? Something you could accomplish in one month if you were determined? If it's near-term enough of a goal, and specific enough of a goal, and you share it in the comments below, feel free to tell me how I can help you and I'll do whatever I can. If it's a libertarian / news / politics-related goal, my manner of help would be easy to determine. I could promote it, introduce you to someone via email, (etc.). If it's something apolitical like quit smoking cigarettes, start exercising, learn guitar, start a business, gain more Twitter followers, learn another language, eat a paleo diet, or...

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