Hazlitt’s “Economics in One Lesson – Chapter Twenty-Four: The Assault on Saving”

This Classic Work was written by Henry Hazlitt.


From time immemorial proverbial wisdom has taught the virtues of saving, and warned against the consequences of prodigality and waste. This proverbial wisdom has reflected the common ethical as well as the merely prudential judgments of mankind. But there have always been squanderers, and there have apparently always been theorists to rationalize their squandering.

Continue reading

Check these out also:

Property Rights

Extracted from For a New Liberty by Murray Rothbard.


If the central axiom of the libertarian creed is nonaggression against anyone’s person and property, how is this axiom arrived at? What is its groundwork or support? Here, libertarians, past and present, have differed considerably. Roughly, there are three broad types of foundation for the libertarian axiom, corresponding to three kinds of ethical philosophy: the emotivist, the utilitarian, and the natural rights viewpoint. The emotivists assert that they take liberty or nonaggression as their premise purely on subjective, emotional grounds. While their own intense emotion might seem a valid basis for their own political philosophy, this can scarcely serve to convince anyone else. By ultimately taking themselves outside the realm of rational discourse, the emotivists thereby insure the lack of general success of their own cherished doctrine.

Continue reading

Check these out also:

“Dawn of the Planet of the Apes” Movie Review

Written by Michael Geer.

image (2)

This film just happens to have been one of the summer blockbusters that I was looking forward to this year. When my partner and I went to see the movie a few days ago, we weren’t disappointed.

Besides the great visual and CGI effects, Dawn of the Planet of the Apes also has great lessons about the benefits of voluntary cooperation. The film also gives warning about the consequences of initiating aggression.

Continue reading

Check these out also:

What Anarchism Means To Me

This essay was written by Cat Farmer


Anarchism is my declaration of peace with you. It is a repudiation of the use of coercive power to achieve my own ends, or to abet the domination of any man by his fellows, or over his fellows. It is a renunciation of the use and support of structures that function to create discord and disparity among men and between nations, and peddle mayhem and mischief under the aegis of security and protection, and carnage as an acceptable cost — not of survival, but of satiety.

Anarchism is my declaration of independence from corrupt and debauched systems which institutionalize the dominance and submission of the mind and conscience, pillaging the property of the peaceful and raping the human spirit. Authority is a form of privilege. There is one kind of wealth that one can only gain at the expense of another, and that is privilege; money may follow privilege, but it may only buy privilege when there exists a warehousing authority to assign it.

Continue reading

Check these out also:

Crypto Anarchy and Virtual Communities

Written by Timothy C. May in December, 1994.


Extended Abstract

The combination of strong, unbreakable public key cryptography and virtual network communities in cyberspace will produce interesting and profound changes in the nature of economic and social systems. Crypto anarchy is the cyberspatial realization of anarcho-capitalism, transcending national boundaries and freeing individuals to make the economic arrangements they wish to make consensually.

Strong cryptography, exemplified by RSA (a public key algorithm) and PGP (Pretty Good Privacy), provides encryption that essentially cannot be broken with all the computing power in the universe. This ensures security and privacy. Public key cryptography is rightly considered to be a revolution.

Continue reading

Check these out also: