10.2, Future Currency Changes

Conditions that make further depreciation of the currency and inflation in prices more likely than future appreciation of the currency and deflation in prices more likely. In the Depression of 1920-21, brought about by the rapid reorganization of the economy away from war production, there was serious deflation. Prices dropped through the floor. So did …

10.1, Currency changes social pathology and the state

That the value of the currency fluctuates with such volatility is a sign of the unnaturalness of its cause. No people left to voluntary choice would choose as currency something that depreciated or appreciated with such speed. Aside from that, it is not a mere speculative question of causes. Those causes should take note of …

Investing under Bullies and Rare Earths

Here at Puritanical Libertarianism we reflect often on the conditions in which we find ourselves. Namely, we live under a regime that requires the acceptance of services (Defense, Dispute Arbitration/Courts, Social Security), determines the price for those services (taxation, regulation, licensure), and finally, the icing on the cake, the price structure is progressive (progressive is …

Dad and daughter conversation, time

Daughter (walking out on the back porch, bored, more interested in redirecting dad's attention than in the forthcoming answer to her question): "The U-n-h-e-a-v-e-n-l-y City? What's that book about?" (the question is a ruse. It is the conversation she is interested in. And she knows how to get it. She is 9. She has learned.) …

9.3, Kierkegaard and the Poetic, Patience, Socrates

"The rich bird comes swishing, comes flaunting; the poor bird--and patience is a poor bird, which does not come parading and posturing but comes like a soft breeze and the incorruptible essence of a quiet spirit. Patience is a poor art, and yet it is very long. Who learned it properly from life--who had the …

On state violence and increase in viciousness

The state educates in violence and viciousness. It educates in the sense of E1 and not E2 (On Education). The state displays in its activity, and it is that which is most essential to its activity such that it is that most remembered by those who interact with it. Now one might object that, in …

On Education

When I say the word education, whether internally or externally, my imagination fills the void with someone standing in front of a chalkboard and others sitting quietly or goofing off quietly. Aristotle says, "Hence a young man is not a proper hearer of lectures on political science; for he is inexperienced in the actions that occur in …

On self-harm and immorality

From Arrian (Epictetus), Discourses, 2.4: “But, goes on Epictetus, if we abandon this fidelity to which we are by nature born, and make designs against our neighbor’s wife, what are we doing? Why, what but ruining and destroying? Whom? The man of fidelity, of self-respect, or piety. Is that all? Are we not overthrowing also …

On self-interest and right action

From Plato (Socrates), Crito, 47e: "What about the part of us which is mutilated by wrong actions and benefited by right ones? Is life worth living with this part ruined?" Picture it. Socrates is in jail. He has been convicted on trumped-up charges. He is 70. He is at his most sagacious. He is in …

On the unity of holiness and self-interest

From Arrian (Epictetus), Discourses, 1.27: “…unless piety and self-interest be conjoined, piety cannot be maintained in any man.” Self-interest must converge with the loftiest conception of the human found in the conception of the human as united with the divine. So, piety. Real self-interest is different from selfishness, greed. It is not mere want. It …