Essays

You Are an Anarchist. The Question Is How Often?

"Everyone, at least sometimes, is an anarchist. Consider Cambodia in the late 1970s. The Khmer Rouge government intentionally killed more than two million of its own citizens. That’s an average of 8 percent of the population killed each year while government simultaneously inflicted countless other horrors. Do you think the Cambodian people, faced with that government, would have been better off with no government at all? Congratulations. You are, sometimes, an anarchist. The real issue is found in an area economists call 'comparative institutions.' That is, in a specific time and place, how well would anarchy work compared to an actual obtainable state?" Continue reading →

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The State: Crown Jewel of Human Social Organization

"Since the earliest stage of human history (say, the time of Cain and Abel), human beings have been homicidal maniacs. Yet, for untold ages, something was missing, something with the capacity to raise their murderous mania to truly magnificent heights. Only very late in human history—perhaps 10,000 years ago or thereabouts—did the long-awaited breakthrough take place: men finally devised the state. By employing its powers of organization, command, violence, and plunder, rulers could finally bask in the glories of heretofore undreamed-of atrocities." Continue reading →

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Fifteen Benefits of the War on Drugs

"With American drug use levels essentially the same as — and levels of drug-related violence either the same as or lower than — those in countries like the Netherlands with liberal drug laws, public support for the War on Drugs appears to be faltering. This was most recently evidenced in the victory of major drug decriminalization initiatives in Colorado and Washington. Some misguided commentators go so far as to say the Drug War is 'a failure.' Here, to set the record straight, are fifteen ways in which it is a resounding success." Continue reading →

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The Story of Kidnapped Costa Rican Internees in One of America’s World War II Concentration Camps

"We last year attended a reunion of the camp members at the facility here in Texas, and I was amazed to hear stories of some whose families had been US citizens for their entire lives, yet were swept up in the hysteria, stripped of their US assets and put into the camp. Most I spoke to were, like my wife, US citizens, most born to their now-American parents, but thrown into the camp regardless. One interesting fact to me was that in order to deport all of the folks they did following the War, they officially charged all of the detainees, people who had been kidnapped at the point of a gun, with 'unlawfully entering' the nation they were kidnapped TO against their wishes." Continue reading →

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David Galland: Big Brother’s Beginnings

"For me, then, the real message of 1984 is that once governments are allowed to get too firm a grip on the reins of power – including the judicial, the constabulary, the military, the media – they are not just imminently corruptible but super-hardened to any real change. I, Pencil, Leonard Read's 1958 essay, a video version of which you can watch here, explains how the free market works using the simple example of how the lowly pencil is produced and brought to market. I'll try to use the same sort of simplistic example – replacing the pencil with the coca leaf – to expose the genesis of Big Brother's steady assent to unassailable power." Continue reading →

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The War on Drugs Is Far More Immoral Than Most Drug Use

"See the man in the photo at the top of this article? It isn't immoral for him to light a plant on fire, inhale the smoke, and enjoy a mild high for a short time, presuming he doesn't drive while high. But it would be immoral to react to his plant-smoking by sending men with guns to forcibly arrest him, convict him in a court, and lock him up for months or even years for a victimless crime. That's the choice, dear reader. So take a look at the guy in the photo and make your choice: Is it more moral to let him smoke, or to forcibly cage him with thieves, rapists, and murderers? My own moral judgments don't stop there." Continue reading →

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Doug Casey: All Banks Are Bankrupt

"The whole banking business is corrupt from top to bottom today. Part of the problem is that banks are no longer financed by the individuals who start them, putting their personal net worth on the line. Now, they are all publicly traded entities – just like all brokerages – playing with Other People's Money. Management has no incentive to do anything but pad their wallets, so they pay themselves gigantic salaries and bonuses, and give themselves options. These people aren't shepherding their money and that of clients they know personally. They've got zero skin in the game. This is true all over the world, not just in the US and Europe." Continue reading →

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Bill Bonner: Is It Time To Sell Your Gold?

"There is no reason to think that the basic relationship between the Dow stocks and gold has been altered in any fundamental or everlasting way. For practically the entire 19th century... many years of the 20th century... and as recently as the 1980s, the ratio of the Dow to gold was 1 to 5 or less. Investors paid 5 ounces of gold to buy the Dow and its earnings. Will the Dow once again trade for 5 ounces of gold or less? Almost certainly. And it will probably happen before this historic drop in the Dow/gold ratio has reached its final bottom." Continue reading →

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Could a Government Cash Grab Happen Here?

"With $6.8 trillion on deposit in U.S. banks, do you think that our current federal government, the one so adept at manufacturing repeated crises, would hesitate for one moment before dipping into the private accounts of depositors if a U.S. bankruptcy were imminent? Well, with massive amounts of federal spending on tap that cannot be supported by current tax rates, it’s not exactly a stretch to think that a solvency crisis is headed our way … with the grabbing hands of the U.S. government reaching for the assets of hard-working Americans to bail it out." Continue reading →

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Cyprus, The First Domino?

"For the investor, if he has been preparing himself carefully for the events that will unfold in the next few years, Cyprus will have been an event that did not impact him at all. This sounds like economic heresy, because the very idea that banks would systematically and intentionally steal the money of its depositors is a major, major event. Yes, it is quite definitely a major event, but one that should not have impacted the seasoned investor, as it is an event that is a mere comma in his overall outlook – it is an event that was anticipated." Continue reading →

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