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"I don't know how to express my frustration" I think maturity demands that we *don't* express our frustration: the way we feel about things is our business, not everyone else's. Deal with frustration by acknowledging it and attempting to understand its cause, and then turn it into quality actions. IOW: don't express your frustration
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"most of the drivel on this thread" Muted.
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Actually, I think that is perfectly reasonable, and I agree that a free market in currency and banking etc is what is needed... there's a reason states so jealously guard their monopoly on this front. It's incredibly lucrative to them to do so.
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"Can some decipher this post on fractional vs full reserve banking by Steve Keen ? He seems to be trying to say that 100 % reserve banks will also create credit out of thin air. I dont understand his justification and explanation of this." To understand, you really have to understand the difference between "money" and "currency"
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" The short answer is that this isn't a contract even if the consenting two (you and I, in this case) say it is; it's a promise. A contract is where the conditions are such that if it is broken, it implies that someone has their property stolen." I fail to see anything interesting or insightful here. On the one hand, you're just
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" detailed elaborations as to what contracts (title transfers of property) are and what they are not (promises)" I've asked Rothbardians this before and never gotten a satisfying answer. Let's say I contract with you that between the hours of 10 and 11, I will not wave my hands if you do not either. Each night that you violate that
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" I reject the premise that we can gain anything by analyzing this question while assuming that -everyone- accepts the NAP. " I think you're demonstrably wrong here, right? It's a necessary but not sufficient condition that a group of people all following the NAP will function well to then make the conclusion we really want to make
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"Correct. Just because someone commits an act of aggression does not automatically mean that they are part of a government." Super, we're on the same page here PRA. I basically wanted to make that point because the nature of replies is that I necessarily am going to reply more on things where we might not be in 100% agreement, but I want
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I'm hopeful as you are that these factors could help change the fate of anarchy, but I personally think that the best solution is the promotion of non-aggression. First of all, non-aggression is incompatible with the state (I'm not going to repeat the argument here; I'm not even sure if that is a controversial thing to say within libertarian
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Bruce Benson's "The Enterprise of Law" has a lot of great history and a great bibliography for more reading.