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How Can a Piece of Paper Make Society Richer
Excerpts from "The Quintessential Bitcoin Starter Manual"
Money Printing — “legalized” counterfeit
Let us begin with Hans-Hermann Hoppe, keeping it simple, as things well understood aught to be, as a sound money aught to be.
Lesson one — increasing the money supply, aka “money printing,” does not, in and of itself, increase the supply of goods and services in the world, it therefore, at best, offers no benefit to the whole of society.
This is a fundamental fact of reality that those whom directly benefit from the money printers refuse to accept, for they, as anyone else, are no better than their incentives.
If the money printer is paying your salary, naturally, you are going to explain why that money printer is so beneficial to society, even though it is only you who benefits, at the expense of the rest of society.
Nevertheless, you will no doubt utilize your incredible human intellect, something innate within all of us, to weave together an imaginary societal good that comes from fixing broken windows with printed money (aka stolen purchasing power).
Listen in as Hans explains it for us:
A Broken Window World
After the September 11, 2001 New York City Trade Towers destruction, Mr. Paul Krugman, had an article of his published in the New York Times, on September 14, 2001, entitled Reckonings; After The Horror.
His main points of the article was the net good the Trade Towers destruction would provide. What a delusional psychopath.
Here’s the salient points from his article:
The direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects. First, the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending. Second, the attack opens the door to some sensible recession-fighting measures…the classic Keynesian response to economic slowdown, a temporary burst of public spending.
You might not know this but Mr. Krugman was awarded “Columnist of the Year” in 2002 for such drivel. And subsequently he won an economics Nobel prize in 2008.
Apparently, having absolutely no understanding of actual economics is grounds for winning awards in this upside down clown world. How on Earth could the death of thousands of people in the Trade Towers destruction be viewed as a good thing is beyond me, indeed, beyond any mentally sane person. Paul really needs to get a copy of Saifedean’s latest; Principles of Economics, and study it. (And if you haven’t yet either, please do as well!)
You see, in the mind of the cantillionaire, destruction, like breaking windows, or demolishing a perfectly fine building, is a good thing, because it creates jobs. Imagine burning down Mr. Krugman’s house and telling him, don’t worry, Paul, it’s creating jobs. Absolute clown world logic.
For more on the broken window fallacy, if you know of a loved one that is under the spell of this Keynesian wizardry, implore the afflicted to read up on some Frederic Bastiat. If they’re not completely lost, it should clear up some of the cobwebs from their brains’ critical thinking apparatus. Start here, with his 1850 work; That Which Is Seen, and That Which Is Not Seen.
Stop Breaking Windows — Start buying Bitcoin
We all hear about the important news of our economy, that it is functioning well, or poorly, as their stories go, from one global financial boom to the next financial disaster, and then the next emergency federal reserve meeting over the weekend, but all of these issues appear as distant irrelevant issue intended for much more important, and much smarter people than us, like the psycopathic Paul Krugman’s of the world, cheering on more destruction so we can spend, spend spend!
What a seemingly tough job these so called “experts” have tending to our economy, and ensuring that our banking system is appropriately regulated and functioning as properly as possible for us all.
Apparently the banking and economic business is such a tough job, because there always seems to be some news about new banking problems, and economic calamities, but just enough madness, just far enough away, to keep us begrudgingly unengaged, as we struggle with our own monetary shortcomings on a weekly and monthly basis, trying to pay the bills and scratch together enough for ourselves for some semblance of a retirement nest egg.
Perhaps that has always been the goal, to keep us just ever so slightly uninformed on the actual workings of our banking and monetary system, to cheer on the disasters, to keep us sufficiently confused to stop us from asking the tough questions, from raising our hands and saying wait a second, this don’t make any sense.
But what if our own personal money troubles are in fact the faults of the banking system and the money they force us to use in their seemingly complex systems?
Perhaps it’s about time to raise our hand, and start asking some tough questions, like, hold on a second, what actually is money, and is the money we are using broken, and could it possibly be improved upon?
Maybe we aught to consider replacing our current banking system, and our current money printing cheerleaders like Paul Krugman.
What if we can automate banking, with a brand new technology. What if Bitcoin is in fact the technological innovative solution to all of our monetary troubles?
If “state” governments and bankers are looking out for the best interests of their citizens and customers, wouldn’t they have already automated the worlds banking and governance systems if they could have, and if Bitcoin can do it, with a net positive impact on the world, then why wouldn’t the bankers and their constituent governmental regulators and main stream media Nobel prize winning economists cheer it on?
When trains, cars, and planes revolutionized transportation, do you think the horse and buggy companies, their government constituents, and their paid spokesmen supported the new innovations?
When electric lamps revolutionized lighting, do you think the oil and kerosene lamp companies, their government constituents, and their paid spokesmen supported the new innovation?
When television broadcasts revolutionized media, do you think the radio and newspaper companies, their government constituents, and their paid spokesmen supported the new innovation?
If nuclear energy can revolutionize power production, do you think the petroleum and gas companies, their government constituents, and their paid spokesmen would support the new innovation, or stifle it’s growth with misinformation?
If Bitcoin is revolutionizing banking and state governance, do you think the bankers, their government constituents, and their paid spokesmen would openly support the new innovation?
No, the incumbent business models never support the new innovative disruptive technologies, and they lobby hard with their governments to stifle the new innovation to keep a foothold on their share of the market. It is a game as old as time.
But you need not let the incumbents of the modern banking system, their governmental lackeys, and their main stream cheerleaders confuse you with their fear uncertainty and doubts, attempting to dissuade yourself from your own reason and intellect.
Bitcoin is simply superior banking tech, and it is winning big time, and it will continue to win. Just like gunpowder won the military technology game, Bitcoin is winning the monetary technology game.
Listen in as Saifedean Ammous breaks it down:
It might makes sense just to get some in case it catches on.
Cower in fear, accept defeat, accept your servitude to the fiat lunacy, or apply rational thought, grow a backbone, and buy the corn. You can do this, don’t let the incumbents’ tactics cloud your mind with irrational fallacy, learn what Bitcoin is, seek out the truth, and find the rest of your people. We out here, living in freedom, and thriving, in Bitcoin Zen, with liberty money. Join us, where the future is hopeful, the past informative, and the present is truly a wonderous gift.
Get on the mission.
We define the “state” here as a generalized term applicable for any organization that finances itself through coercive property transfers, typically in the form of slavery, taxation, and/or inflation (inflation being money printing or monetary debasement). The state not only finances it’s operations through theft, but it’s primary function is in fact to conduct theft (coerced property transfers), with all other activities ancillary and supportive of that primary function. That is to say that a local government, or even a national government, one that operates without stolen property, one that survives on voluntary property contributions alone, would not be labeled a “state” organization within this definitional framework, but instead as something more akin to a corporation, an organization that continues as a going concern because of its value added to the market, to society, through the provision of services and goods, voluntarily exchanged for property of some sort, typically either money or labor, at agreed upon, mutually acceptable, exchange rates.