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Michael Matulef
Member since: 2022-12-21
Michael Matulef
Michael Matulef 6h

Michael Matulef
Michael Matulef 7h

The free market isn’t some naïve ideal. It is the only moral and practical framework for human cooperation. The real myth, the real danger, is your faith in Leviathan.

Michael Matulef
Michael Matulef 8h

Michael Matulef
Michael Matulef 3d

Michael Matulef
Michael Matulef 4d

Whoever wishes peace among peoples must fight statism. - Ludwig von Mises

Michael Matulef
Michael Matulef 8d

The reality of the Declaration is that it was far more radical than its critics are generally willing to admit. The Declaration advocated for an act of unilateral and illegal secession. Clearly, modern-day defenders of the regime attempt to downplay this whenever possible. Moreover, the language and ideals of the Declaration communicate a general disregard for ideals of political unity or loyalty to political institutions, in spite of British propaganda to the contrary. Thus, to act in the Spirit of the Declaration of Independence today is to reject calls for loyalty, unity, or respect for the regime’s so-called “rule of law.” Rather, the Declaration of Independence represents disloyalty, disunity, and a disregard for the law as laid down by the political ruling class. Part of the Declaration’s radicalism stems from the fact that the Declaration does not make a legal argument in favor of secession. Rather, the Declaration states that the right of separation stems simply from natural rights of self-determination that do not depend on legal or constitutional authority. The Declaration was a statement of contempt for the established legal order. British propaganda at the time, much like American propaganda today, sang the praises of political unity while encouraging an emotional bond between the ordinary subject and the ruling executive. Fortunately, the American secessionists saw such things for the absurdities that they were and have always been. The Spirit of the Declaration of Independence: Secession, Division, Disloyalty | Mises Institute https://share.google/r7ZLbxrg2fzhAsTuf

Michael Matulef
Michael Matulef 8d

The Specter of Hyperinflation Looms over the Economy https://share.google/TczTAdoWKR91tv9CR

Michael Matulef
Michael Matulef 8d

Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur. - Ray Dalio

Michael Matulef
Michael Matulef 11d

Michael Matulef
Michael Matulef 11d

Michael Matulef
Michael Matulef 7h

To say that “human nature won’t allow” a free market is to completely invert reality. It is precisely because human beings are self-interested, imperfect, and wildly diverse in their aims that the free market is not only possible — it is necessary. The market, grounded in private property and voluntary exchange, is the only mechanism that peacefully reconciles these differences without coercion or conflict. The idea that markets require angelic behavior is a grotesque caricature. It is not utopianism to let individuals act freely; it is utopianism to believe that flawed men, handed a monopoly on violence through the State, will somehow transcend their nature and rule justly over others. That is the real fantasy — the worship of the State as a benevolent god, when in truth it is a parasitic gang of plunderers cloaked in legitimacy. Markets arise naturally and spontaneously wherever people are free. It is the State — the institutionalization of coercion — that is the historical anomaly and the perennial source of war, poverty, and oppression. So no, the free market isn’t some naïve ideal. It is the only moral and practical framework for human cooperation. The real myth, the real danger, is your faith in Leviathan.

Michael Matulef
Michael Matulef 8d

The legacy of freedom is inscribed by those who envisioned a world liberated from tyranny, dared to challenge the fetters of oppression, and defended the pursuit of dignity and self-determination — ideals we must fervently uphold.

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