INDIAN LIBERTY REPORT @ilr@librem.one

Marty Bent : We’ve Been Here Before – Hubris Was the Common Factor

Do you really think this time is different ?

Featuring music by Cake.

https://indianlibertyreport.com/marty-bent-weve-been-here-before-hubris-was-the-common-factor/

Shhhhhh 🤫

h/t @NonsensicalNemo

Nepal Decided It Couldn’t Afford Lockdowns – And It’s Doing Fine !

"It's as if nothing has happened -nightclubs are crowded - Schools and colleges, sports venues are full. It's like there's no Covid !"

https://indianlibertyreport.com/nepal-decided-it-couldnt-afford-lockdowns-and-its-doing-fine/

Bitcoin, Unlike Fiat Money, Is Compatible With Islamic Finance

Elevating morality above perceived efficiency makes for a profound starting point.

https://indianlibertyreport.com/bitcoin-unlike-fiat-money-is-compatible-with-islamic-finance/

Legal Plunder : The Root Cause of Inequality

We might think that that the only form of plunder is the thefts punished by the Penal Code. But plunder is also committed "legally" and with the approval of society.

https://indianlibertyreport.com/legal-plunder-the-root-cause-of-inequality/

#bastiat

Why An Outright Ban on Bitcoin Might Be Unconstitutional

A mere ritualistic incantation of money laundering and black money as a justification for total prohibition will not satisfy the test of proportionality.

https://indianlibertyreport.com/why-an-outright-ban-on-bitcoin-might-be-unconstitutional/

Our take - bitcoin is still in the process of *becoming* money, a process described by Menger in 1871 (see page 257 and onwards here)

https://cdn.mises.org/Principles%20of%20Economics_5.pdf

Nowhere in the article does our man try to describe what 'money' is. Since he claims to have read Saifedean, here's what Saifedean says :

The true harm of this sector can be guaged by subtracting “public” expenditure from GDP.

Why the Public Sector Can Never Be Considered “Productive”

A private firm’s productivity is gauged by how much the consumers voluntarily spend on its product. But the public sector's “productivity” is measured by how much it spends.

The true harm of this sector can be guaged by subtracting "public" expenditure from GDP.

https://indianlibertyreport.com/why-the-public-sector-can-never-be-considered-productive/

Can you even identify the medieval warm period or the little ice age on this chart ?

If not, go do your homework

By the same token, no sympathy for "climate activists" fighting the government.

These are people who want you to be poor and control every aspect of your life.

Let the two camps of socialists fight.
---
RT @ayush_singh98
When the fight is between the state and those who want to expand the power of the state, the only libertarian position is to sit back and relax. We don't have a dog in this fight.
https://twitter.com/ayush_singh98/status/1354055958448672769

Cc @kaul_vivek .

More Mises and less Taleb.

(Not the twitter Taleb at least - books still good)
---
RT @bitstein
"There are in this world no such things as stability and security and no human endeavors are powerful enough to bring them about." - Ludwig von Mises

Basically, Mises knew that "price stability" simps are carrying the ideological water for anti-market inflationist crooks.
https://twitter.com/bitstein/status/1285224297141862412

Keynes and “Free Market” Friedman : Government Approved Idiots

Pop psychology is no substitute for capital theory. In a sane society, their ideas on money would confined to the realm of academic comedy.

https://indianlibertyreport.com/keynes-and-free-market-friedman-government-approved-idiots/

Why Non-Protesting Farmers Don’t Like MSPs and APMCs

"Nothing can be farther from the truth or good economics" as the MSP and APMC system

https://indianlibertyreport.com/why-non-protesting-farmers-dont-like-msps-and-apmcs/

What Non-Protesting Farmers Told the SC Committee on the Farm Laws

In its submission to the Committee, the Shetkari Sanghatana says that farmers need less government, not more.

https://indianlibertyreport.com/what-non-protesting-farmers-told-the-sc-committee-on-the-farm-laws/

Marty Bent: It’s Nigeria’s Central Bank, Not Bitcoin, Which Destroyed Its Own Currency

But there is still hope.

https://indianlibertyreport.com/marty-bent-its-nigerias-central-bank-not-bitcoin-which-destroyed-its-own-currency/

"'Government is the great fiction, through which everybody endeavors to live at the expense of everybody else" - F. Bastiat
---
RT @IndiaToday
If you bring BJP to power, we will give you Rs 18,000 in your bank accounts: Home Minister @AmitShah in #WestBengal #PoribortonInBengal #ITVideo
https://twitter.com/IndiaToday/status/1359817675619246091

Demolishing the “Fight Deflation” Dogma

A classic passage from Jorg Hulsmann's 'The Ethics of Money Production'

https://indianlibertyreport.com/demolishing-the-fight-deflation-dogma/

#hulsmann

Does Economic Growth Require A Growth in the Money Supply?

A widespread fallacy in modern economics is the belief that economic growth requires an increase of the money supply.

https://indianlibertyreport.com/does-economic-growth-require-a-growth-in-the-money-supply/

#hulsmann