About This Blog

Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.

Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.

In this blog I measure American society against the metrics of property, freedom and peace.

Saturday, June 8, 2024

Your Vote and Other People's Money

This election season reminds me of the Margaret Thatcher quote: "The problem with socialism is that you eventually run out of other people's money."

Our society has a systematic problem. No amount of governmental tweaking can solve the problem of running out of other people's money. Period.

The only systematic solution is for society to be organized strictly on the basis of individual property rights, i.e., Thou shalt not steal. In such a society, the only money you eventually run out of is your own. And if you fail to produce enough and save enough so you don't run out of your own money when your life depends on it, well tough bananas. What kind of message would this send to future child-producers?

So the real question with regard to these United States in the here and now is: Will American voters suddenly decide to jump off their socialist merry-go-round and vote for absolute individual property rights?

No way in hell. Not this election season. It's going to take a catastrophic collapse of our socialist society to get the attention of the American voter. Hopefully, those who survive the collapse will learn the right lesson.

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