In my last two blog posts, I responded to Lynn Stuart Parramore’s article titled How Piketty’s Bombshell Book Blew Up Libertarian Fantasies. At the end of the second one, I promised an explanation of the economic theory I used to critique her article. This post will be a brief introduction to said economic theory. Let’s…

“[Bitcoin]’s a bubble,” asserts Alan Greenspan — who, as chair of the US Federal Reserve, oversaw a 77.5% inflation of the US dollar. Greenspan asserts that “you have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it.” Somehow, however, he can stretch his…

Matonis: Bitcoin is not a governmental instrument of legal tender that requires regulatory legitimacy and coercion by law in order to gain acceptance.

Knapp: Is Bitcoin the end of political government? No, but it’s part of the beginning of the end of political government.

M. George van der Meer: Monopoly and inordinate accumulation naturally attend one another.

Jon Matonis: Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny.

Carson: The state is the instrument of armed force by which an economic ruling class extracts rents from the producing majority of a society.

Kevin Carson sienta las bases para una fusión entre los delirantes monetarios de izquierda y de derecha.

Darian Worden: Alternative economies may gain participants worldwide as the established economy fails to meet needs.

Kevin Carson outlines a basis for left-right money crank fusion.