"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens....Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~ John Maynard Keynes
Libertarianism in 42 Words, 9 Premises and 4 Conclusions
Column by Jakub Bozydar Wisniewski.
Exclusive to STR
1. Intention presupposes liberty.
2. Morality presupposes intention.
3. Property presupposes morality.
4. Exchange requires property.
5. Efficiency requires exchange.
6. Well-being requires efficiency.
7. Coercion negates liberty.
8. Coercion negates morality. (From (1), (2) and (7).)
9. Coercion negates efficiency. (From (3), (4), (5) and (8).)
10. Coercion negates well-being. (From (6) and (9).)
11. Morality, efficiency and well-being constitute humanity.
12. States require coercion.
13. States negate humanity. (From (8), (9), (10), (11) and (12).)
Jakub Bozydar Wisniewski is a philosophy graduate from the University of Cambridge, a three-time summer fellow at the Mises Institute, and a three-time fellow at the Institute for Humane Studies, currently working on a PhD in Austrian Economics in London. He has published in, among others, Independent Review, Libertarian Papers, Quarterly Journal of Austrian Economics, and Reason Papers. Visit his blog at jakubw.com
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