What is Capital?

bull_dozerThe term capital is used in different ways in different contexts. In investment, it is how much wealth a person has. In business, it is the sum of your assets, or assets minus liabilities. In some economic contexts, it is any durable good that is used to produce other goods. In certain economic contexts, capital consists of anything that enhances your ability to perform economically useful work. So, anything that makes you productive would be considered capital. Some people prefer other definitions that exclude things like land and labor.

The common theme is that capital is something that people can use to do what they want to do. Continue reading

Anarcho-capitalism is not Right Libertarianism

ancap_gadsdenSome like to describe ancaps as alt-right or right-wing libertarians. The reason is that in the American political spectrum, right-wing politicians occasionally use rhetoric that is somewhat close to what an ancap would think and say. For example, the technically-true but misleading “taxes are too high” or an insincere variant of “property owners should get to decide how to use their property”.

With friends like that, who needs enemies? Yet, the American-left’s hysterical call to follow Venezuela into the 9th level of hell is so abhorrent that Continue reading

Review of Trick or Treatment

trick_or_treatmentTrick or Treatment by Simon Singh and Edzard Ernst is a book that explains how ineffective medical techniques were until medical professionals adopted a scientific approach to testing treatments, and reviews how various alternative medicines have performed under the scrutiny of high-quality modern clinical trials.

This book will be interesting to ancaps for two reasons. The first is that those of us who were not raised libertarian but had to go through the world-shattering process of learning it as adults tend to be vulnerable to people peddling bad medical advice and bogus treatments. This book will help protect you from charlatans and snake-oil salesmen.

The second reason is that it contains interesting historical facts about how government has impeded progress in the medical field, adding to its already-unfathomable death toll. Continue reading

Libertarian Scholars Conference

murray_and_lew

Murray Rothbard and Lew Rockwell

Exciting news! The Mises Institute will be running a libertarian research conference on Saturday, October 20th, 2018 in New York City. Called the Libertarian Scholars Conference, it will be a forum for discussing ideas on liberty from any discipline.

The conference is calling for paper submissions so, if you have an article that you have been working on or some idea that has been brewing, this event will be your opportunity to get feedback from the world’s libertarian thought leaders. Even if you don’t want to write or present a paper, you can still attend to get an early look at cutting-edge libertarian research and spend some quality time with your fellow liberty-lovers.

For more information or to register, go here.

For the local AnCap meetup, go here.

Review of A Spontaneous Order: the Capitalist Case for a Stateless Society

spontaneous_order_chase_rachelsIn his book, A Spontaneous Order: The Capitalist Case for a Stateless Society, Chase Rachels does an excellent job conveying insights from both libertarianism and economics. He uses clear explanations of basic concepts and persuasive examples for applications. He relentlessly identifies aggression as the root cause of society’s problems, and the state as the primary source of aggression. Most importantly, the book is permeated by a Rothbardian hatred of the state, which will make it an enjoyable read for any ancap.

Rachels makes frequent use of long passages quoted from other works. Thankfully these are drawn from some of the best sources on libertarianism and economics: Continue reading

Package Forwarding

shoppingPicture this. You find something you would like to buy online. You try to place the order, but the retailer informs you that they cannot ship the item to your address. Why? The local government banned that item and won’t let them send it to your home. What can an libertarian do?

Leave it to the free market to find a solution. Package forwarding services let you ship a package to one their warehouses located in places where the government has not banned the item you would like. Once the package arrives, they will then Continue reading