Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Posts Tagged ‘marx’

“The social contract” is a lie

Posted by Jesse on February 16, 2009

Crispin tells all and Bureaucrash helps promote the great anarchist ideas.

Hear this interview and learn why the collective social contract, as it is generally understood  and advanced, promotes statism above all else.


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Great Frank van Dun Article & The Destruction of Keynes

Posted by Jesse on January 26, 2009


With apparent relief, neo-liberals resurrect the Keynesian paradigm they had so enthusiastically denounced when its failures made the daily news bulletins. None of them has any idea to offer on the conditions that made the  crisis possible or on how it could have been avoided without sacrificing freedom and the rule of law. After all, they cannot see a crisis until it shows up in their data. Hindsight teaches them just enough to make them talk about low  interest rates, imprudent lending and structured investment vehicles. It does not teach them enough to make them admit that, as specialists, they should perhaps have been aware of the moral hazard involved not only in such  expansionary policies, practices and instruments but also in the framework of rules that had enabled these things to fester and drag down the entire economy. They paid a heavy price for using free-market rhetoric without  having a deep understanding of what constitutes freedom or what makes a market free. Unfortunately, the price they paid is mainly a loss of prestige. The real costs are borne by the public, which is still as much subject to the vagaries  of supposedly enlightened economic, monetary and fiscal policy as it was in the heyday of the Keynesians.   The main fallacy of the neo-liberal paradigm is the same as the fallacy of its Keynesian counterpart. It is the notion that the market is some kind of tool—a machine that the government can fire up or slow down as required to  reach desired outcomes. Every crisis is to some extent an intellectual crisis. That was true for the long stagflation of the nineteen-seventies and it is equally true for the crisis that made headlines in the summer of 2008

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Not normally a fan of David Horowitz

Posted by Jesse on December 20, 2008

But this article isn’t too bad.. lol. Just skip thru the first few paragraphs.

Heck, I’m just going to post a nice juicy section:

As close as any analysis could, Von Mises warning anticipated the next 70 years of socialist history. Under the Soviet Unions central planning, the Kremlin rulers were indeed unable to allocate resources rationally, or to promote technological innovation, or to replace the profit motive with a viable system of non-monetary “social” incentives. As a result, the socialist economy was unable to keep abreast of the technological changes that would catapult the West into the post-industrial era. The socialist economy could not even create sufficient growth to feed its own people. Once the breadbasket of Europe, Soviet Russia under socialist planning became a chronic importer of grain, an economy of forced rationing and periodic famine. The effect of socialist order was exactly as Von Mises had predictedthe generalization of poverty and the crippling of productivity, so that Russia was unable to enter the information age and compete economically with the West.

Although history has dramatically confirmed Von Mises analysis, and just as dramatically refuted his left-wing opponents, his intellectual contributions are as unrecognized today as they were before the Communist fall. While the intellectual tradition that gave rise to Von Mises insights is marginalized in American universities, and its paradigm ignored, Marxism and its variants flourish. The profusion of Marxists on university faculties is, in fact, unprecedented, and the theories that Marxism has spawned now provide the principal texts for the next generations. While Von Mises writings are invisible, the works of Stalinists, ignorant of the most basic economic realities of how modern societies function, are familiar to most undergraduates. In the humanities and social sciences, the discredited tradition of Marxism has become the intellectual well-spring of the main schools of current academic theorycritical studies, cultural studies, historicism, structuralism, post-modernism, and radical feminism. The comparable schools of conservative and libertarian thought are hardly extant within university walls.

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