libertarianism

A capitalist utopia

Lifted from an old Harper's magazine:

I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.

“Bad news, detective. We got a situation.”

“What? Is the mayor trying to ban trans fats again?”

“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”

Liberals and the left fail to notice - and celebrate - the intellectual death of conservatism

Faced with Trump's populist seizure of the Republican Party, establishment conservatives and libertarians are trying to redefine republicanism to exclude anything other than market capitalism.

Google's Gulch - Neoliberal Globalization Propaganda Masquerading as Science Fiction

I'm a politics junkie and a scifi junkie. So, when two books, Infomocracy (book 1) and Null States (book 2), that were touted as merging those two genres came out, I bought the books. But, after reading them, I was repulsed by their world government, libertarian, Identity Politics take on the near future.

The infuriating irony of libertarians' wet dream, bitcoin and cryptocurrency

Cross-posted from Real Economics.

I suspect that most people do not understand bitcoin and cryptocurrencies because they also do not understand how money is "created." The reality that money can be created out of nothing is so ludicrously simple that most people simply cannot believe it. John Kenneth Galbraith observed that "The process by which banks create money is so simple that the mind is repelled."