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In his book Anarchy, State, and Utopia, Robert Nozick has a chapter named “The Tale of the Slave” in which he explains the nine phases from the most restrictive to more liberating states of slavery. He writes that even though enslaved people have certain forms of self-rule, they are still enslaved. He asks: “Which transition from case 1 to case 9 made it no longer the tale of a slave?” Nozick’s question highlights that there is no difference between people under...

Inflation! Trading Places! Marc Faber! Chart Watch! That’s right, it’s episode two of The M3 Report. It is finally here, what a great way to set you up for the week ahead. Subscribe here if you’re not already receiving alerts. Our maiden episode was a huge success, and we have really enjoyed hearing everyone’s feedback. We are delighted to see how many new people are discovering the show each day. We really enjoyed making it and that’s why we’ve cracked on and...

When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point. Original Article: “War Spending Gives MMTers and the Left a Strong Talking Point” Time and time again, prowar spending concedes one of the Left’s most convincing points. As Assal Rad tweeted recently, we will have sent $54,000,000,000 to Ukraine in less than 4 months. “How will we pay for it” never seems to apply to...

Overview: Equities remain under pressure as investors contemplate tighter financial conditions and the risks of recession. Most of the large equity markets in the Asia Pacific region sold-off, led by a 2.7% drop in Taiwan. Australia managed to buck the trend and managed a small gain. Europe’s Stoxx 600 is off by about 0.2% near midday after a 0.5% loss yesterday. US futures are lower and are threatening a gap lower opening for the S&P 500 and NASDAQ. Bonds are...

Der Marktcrash hat alle Cryptocoins hart getroffen. Doch Ethereum kristallisiert sich als einer der größten Verlierer der aktuellen Marktlage heraus. Bei den täglichen Deposits zeigt das Netzwerk nun ein neues Allzeittief bei den Staking Pools. Ethereum News: ETH 2.0 Deposits auf neuem AllzeittiefÜber einen Staking Contract im ETH 2.0 Netzwerk müssen mindestens 32 ETH eingezahlt werden, um über das Staking „Zinsen“ zu erhalten. Glassnode konnte in den vergangenen...

The price of bitcoin has been in freefall in recent weeks, but that doesn’t seem to bother the most conservative of financial institutions – the banking arm of the Swiss post office. PostFinance is stepping up its drive to grant customers access to cryptocurrencies within the next couple of years. Postfinance already offers clients cryptocurrency exposure through its digital app YuhExternal link. This service draws heavily on a collaboration with Swissquote, which...

This work is licensed under a Creative Commons Attribution 4.0 International License. Therefore please feel free to share and you can subscribe for my articles by clicking here [embedded content] You Might Also Like Gold: A use case for the modern era 2022-05-04 Part II of II The big picture here is clear and it is essential to...

In Switzerland it is possible to order goods online without paying up front. Retailers will send orders with a payment slip included with the goods. Fraudsters are exploiting this quirk of Swiss postal retail. Photo by Karolina Grabowska on Pexels.com Fraudsters order goods online pretending to be someone else. The goods are then shipped without the need to provide any payment details. The fraudster then waits for the order to be delivered and takes it from the...

The irony is that the suppression of dissent is the suppression of competing ideas that generate systemic stability via rapid adaptation. Nations that appear stable may fail once they’re under pressure.What do I mean by “under pressure”? Pressure can come from many sources: invasion, civil war, prolonged scarcities of essentials, natural disasters, financial crises, droughts, pandemics and social disorder triggered by inequality and corruption. Pressure diminishes...

[This article is excerpted from chapter 21 of Mises: The Last Knight of Liberalism.] In the early 1950s, Mises’s NYU seminar dealt increasingly with epistemological questions. As he said to Ludwig Lachmann, he felt that the analysis of epistemological problems would be the number one task in the social sciences in the coming years.1 It was the topic of his last two monographs: Theory and History (1957) and The Ultimate Foundation of Economic Science (1962). The...