Superfluous Man
Banned

By Llewellyn H. Rockwell, Jr. October 7, 2024 Most readers of my weekly column already favor a libertarian society, with either a strictly limited government or no government at all. They realize what a disaster the state has been. What are the philosophical foundations of this outlook? There are many possible answers, but in this column, I’m going to discuss three of the most important of these, the way Ludwig von Mises, Murray Rothbard, and Hans-Hermann Hoppe address this issue. I’m not going to take a stand on which is best but just set forward the different views and leave the choice to you. I’ll begin with Mises, as most readers will find this the easiest to understand. Suppose you want to do something, e.g., go for a drive in the country. Why do you want to do it? There are any number of possible answers to this. We can continue to ask why you want this goal, but we can’t go on forever. Eventually, you will reach a goal which doesn’t aim at achieving anything else. You just want it. Mises calls this “an ultimate value judgment.” According to Mises, there is no way of arguing about such judgments. I can say that what you want won’t get you that value, but then your judgment isn’t ultimate.

Ron Paul Institute by Adam Dick Oct 7, 2024 We are now a year into the Israel government’s military action devastating the people and infrastructure of Gaza and since expanded into escalating violence against countries including Lebanon and Iran. Yet, even today, United States Senate members are repeating flagrant lies produced in the war’s early days to trick Americans and others around the world into supporting Israel’s war. On Monday, Republican US Senators introduced a resolution repeating some of these old lies that helped build support among Americans for Israel’s war — that “Hamas terrorists” killed “approximately 1,200 individuals” in their October 7, 2023 attack and that Hamas used “rape as a weapon of war.” Why repeat the lies? To support the resolution’s conclusions, including that the Senate wants to “ensure the forever survival of Israel.” Left unsaid in the resolution is that the way the US government continually acts to purportedly achieve this goal includes shoveling more and more money, weapons, and intelligence to Israel for Israel to use in whatever way it chooses. Indeed, the US government’s commitment seems unfazed no matter Israel’s level of barbarity and no matter how much Israel’s actions cause further geographic expansion of the war.

Power & Market Ryan McMaken 10/01/2024 The videos coming out of western North Carolina, of entire towns wiped off the map by flood waters of Hurricane Helene, are both tragic and shocking. Lesser, but serious, impacts have been felt across the entire region. The residents of much of southern Appalachia, Georgia, Florida, and the Carolinas are facing temporary shortages in terms of access to clear water, power, and fuel. For some social-media bomb throwers, however, the floods are an excellent opportunity to attack both private property and immigrant business owners. On Monday, Twitter/X user “Washingtons ghost” posted a video that allegedly shows a gas station owner in Georgia charging ten dollars per gallon for gasoline. The poster portrayed this as illegal price gouging. The post has received 1.9 million views.

Mark Thornton 10/05/2024 https://youtu.be/NHHoj76gDQw Children in the US are raised to be communists. Most of the parents are, too, and don’t even know it. It doesn’t matter if you send them to public or private schools, as all degree-granting schools bias the learning process against the competitive, capitalist, “liberal,” open-minded society—even though its benefits are all around us helping to feed, cloth, house, and protect us.

Mises Wire Daniel Lacalle 10/05/2024 Global liquidity is expanding. In the past three months, the global money supply has soared by $4.7 trillion. This rapid increase started when the Federal Reserve panicked the first time and delayed the normalization of the balance sheet in June. Since then, we have seen a chain of fresh stimulus policies implemented by developed economies, adding to the large fiscal packages already in place. Multi-trillion-dollar investment packages like the EU Next Generation Fund now include massive deficit spending plans. However, money velocity is not rising. All these programs only lead to secular stagnation. Government projects and current expenditures are consuming money at an unprecedented rate. Developed economies cannot live without new and larger spending plans. The result is more debt, weaker productivity growth, and declining real wages.