MRDeVinney

#economics #money #inflation It’s very common to hear price level, basket of goods, and other terms that don’t work well for the value of money. Many will say money is like a ruler, but this is a bad analogy. This implies the ruler can be used for multiple people. The value of money is based on acting individuals. One individual’s “ruler” can’t be used by another. The analogies and metaphors can’t be used for the value of money. The value is always subjective. Additional money doesn’t make people richer. More money is printed in the name of stimulus. More money is chasing the same amount of goods. Goods don’t magically appear. What is called “stimulus” is actually a sedative. The measurement doesn’t change for everyone equally. The early receivers can buy goods at the old prices. The prices will rise by the time the newly printed money makes its way to you. Read More: https://mrdevinney.com/money-stabilization/

#statism #language #vocabulary Language must be destroyed to destroy freedom. The so-called experts are experts in the field of twisting and torturing words. Many evil acts can have good reasons behind them. Don’t be fooled by fancy reasons to justify a particular act. I doubt this can be entirely overcome, but it can be avoided to an extent. Their goal is to deceive you. As Nietzsche said, “They’re more afraid of being understood than misunderstood.” The masses don’t want the truth, they want to be flattered. It’s often said that the truth is a tough pill to swallow. This is a true statement. The masses have a desire to be detached from reality. You might even be given correct information. This doesn’t mean its true. It’s a lie if the intent to deceive you is the goal. Deceptive information, correct or not, is a lie. Often given as a cover for tyranny. The masses are in a state of dependency. Read More: https://mrdevinney.com/destroying-language/

#economics #management #bureaucracy There are two methods of management, bureaucratic and profit. Only one method of management is for peaceful cooperation. That is profit management. Bureaucratic management only serves the public superficially. It’s based on rigid adherence to decrees from the overlords. Under profit management, it’s their responsibility to provide the best products possible. They will go out of business if they fail in this endeavor. Profit management has been trending towards bureaucratic management. This is not inherent in the profit management system. This is a result of government interfering with business operations. This is a result of policies designed to eliminate profit. In other words, this is a result of policies designed to lower your standard of living. Profit is a result of producing better and more goods. Eliminating this will eliminate the best products. Read More: https://mrdevinney.com/management-to-serve-the-masses/

#democracy #economics #statism The demagogues are the ones who win popularity contests in a democracy. Those who perpetuate fear are the ones who flourish. They make fear the cornerstone of their campaign. Any fear, small, large, or manufactured, are all emphasized and glorified. The pursuit of any monster is a good campaign promise. The monsters they identify are endless. It’s happened through history up to today, and it will continue into the future. An honest politician is passed over for a crooked one. An honest politician won’t be elected—with the extremely rare exception. The demagogues will endlessly attack the honest politician. They’re an easy target and will be brought down. Democracy is a contest about who is the best demagogue. It’s certainly not about who’s best to lead. The demagogue will sick the mob on the honest politician. Read More: https://mrdevinney.com/democracy-needs-fear/

#psychology #ideas #propaganda Propaganda wasn’t always a pejorative term. It was originally used to refer to the spreading of ideas. Now, it’s used to label lies, half-truths, selective history, or anything else associated with this. Ideas are not left for individuals to think about. They have been outsourced to the so-called experts. They are not experts. They are common swindlers and tricksters with different titles. Their job is to spread ideas, better referred to as propaganda. The word is a bad word now because these ideas are not about education and information. They are about deceiving you. It’s the manipulation of the masses. Walter Lippmann was correct in referring to it as “the manufacture of consent.” The propaganda machine exists to manipulate the masses into doing what the overlords want. Many are spreading propaganda without realizing it. They don’t know that they don’t know. Read More: https://mrdevinney.com/the-propagation-of-ideas/

#economics #reason #reasoning The lack of historical understanding is a major factor in the conquest of reason. Many think they are the good guys when they wipeout history. They are then free to create idols. We all suffer when they worship these idols. It’s not just suffering, it’s a mortal danger. “They are deceiving us about the real world.” Destroying history and discounting deduction results in the conquest of reason. Withdrawal from idolatry. Destroying history gives rise to the lie. In the 20th century alone, leftism has led to the death of 200 million in peacetime. The 21st century has continued right where it left off. This is more deaths than all private crime in history. The evidence is falsified so these evil ideas can be continued. Little is more dangerous than a failure to understand history. Particularly, when the failure to understand history effects many other people. Read More: https://mrdevinney.com/the-conquest-of-reason/

#economics #free #freedom Mastery of jargon doesn’t make you a competent economist. You must understand property to understand freedom. Economics is about exchanging one thing for another. What is really happening in the exchange is an exchange of property titles. To understand exchange, you must understand property. Exchange isn’t based on graphs and equations. These are value loaded. Ethics is demonstrable, rational, and objective. Graphs and equations are disguise for hiding their values and assumptions. They aren’t adhering to a coherent ethical system. They wouldn’t hide if they were. Two people exchanging goods are really better off at the time of the exchange. The exchange wouldn’t have been made if they weren’t. Thus, society is better off. An equation isn’t needed to show this unless you want to hide something. Read More: https://mrdevinney.com/the-foundation-of-freedom/

#economics #money #inflation Paper isn’t money, to operate it must come with a decree or fiat. Mining for gold can be expensive. The use of a paper currency is much cheaper. Today, paper serves as a medium of exchange by way of a decree. It wasn’t selected by freely acting individuals. Deposits aren’t held in reserves. They are held as numbers digitally. Fiat money is constantly increased. This benefits the debtors at the expense of creditors. Each piece of paper represents a debt obligation. Fiat money came into the world as a loan plus interest. More money is owed than in existence. Therefore, it’s impossible to pay off the debt under current conditions. Money printing can never stop. More money must be printed to pay down the debt. The house of cards will come crumbling down if money isn’t printed. You must be propagandized into thinking high prices are a good thing. Read More: https://mrdevinney.com/the-limit-of-fiat-money/

#economics #statism #equality People are not treated equally. Some have special privilege. Everyone is treated equally under capitalism. Few have special privilege under statism. Legislation is put into place preventing the more industrious from out competing the less industrious. The masses are harmed. The few are better off at the expense of the masses. Many consider it’s ignorant to support capitalism. However, it’s the supporters of statism that are the unwitting pawns. The god-state claims to know what you want better than you. The false prophets claim to know what’s good for you and what you really need. Humans are soulless automatons under statism. Each individual is free to choose how to act within the system of division of labor. The consumers and entrepreneurs should choose what is to be produced. No human is omniscient. What they chose must be different and enforced by coercion. Read More: https://mrdevinney.com/special-privilege/

#economics #businesscycle #interestrates The role of interest rates allocating resources is critical to the trade cycle. Booms and busts begin when interest is manipulated. Lowering the rate might stimulate the economy in the short run. This will give the appearance of profitability. However, the manipulation misallocated resources. Projects that wouldn’t have been undertaken under natural conditions are taken under the manipulated rates. An adjustment will happen eventually. The upward movement of certain projects can’t continue. The upward trajectory can continue if the public thinks the rise of prices will stop. Panic sets in when they see they will not. Unjustified investments will come to a halt. This will cause the end of the boom. At most, the public will realize the currency is losing value and spend it while they can. This is just a crack up boom and can’t last either. Read More: https://mrdevinney.com/the-trade-cycle/

#economics #nationalism #ideas States around the world adopt various statist measures in disguise. The concern is whatever the interests may be at that time. It’s certainly not freedom. Nationalism is impossible under freedom. The masses don’t receive a cut in money wages, but the price of goods they buy does rise. Nationalism is equivalent to a pay cut. A country must impose trade barriers for nationalism. Freedom and nationalism are incompatible. They will claim producers within the nation must be protected from “dumping.” This is absurd as the candlemakers petitioning for the sun to be blocked out because it’s dumping free light. The logic is the same. The term “dumping” is a demagogic tool. They are advocating for higher domestic prices anytime an industry makes this claim. Regardless of the industry, it’s no different from the candlemakers. Read More: https://mrdevinney.com/nationalism-is-statism/

#economics #news #psychology Humans can only thrive if they’re free. The state wants to deceive you into believing that you can be free if you submit. The state is indefatigable in its prophecies. The agony of the people is always predicted unless they submit. These failed false prophets are then glorified. Peace is the mother of all things, not war. Peace can only be established if you don’t submit to violence. The state wants you to believe violence leads to peace. The suppression of freedom happens under all sorts of names. The supreme authority disguises its action, but they all basically mean the same. Socialism, communism, Marxism, fascism, stakeholder capitalism, conscious capitalism, fill in the blank capitalism, etc. They’re all statism or collectivism. Don’t be fooled by names and terms given certain meanings to arouse emotions. The state is the supreme authority in all of these. Read More: https://mrdevinney.com/the-great-deception/

#economics #logic #racism The unnoticed error of statism is multiple logics. The statists posit that the different classes have different logics. Don’t fall into this trap. There is only one logic. The statists and racists will claim different classes or races use a different logic. The statist will hurl the name racists, or variations, but it’s they who are very similar. Both have the same flaw. They believe, or pretend to believe, there are different logics. The statists must invent another logic because it doesn’t exist. They can’t come to these absurd conclusions without it. Then, counters are insults. They can’t use logic because they assert there is another, but they’ll never say that. The best way to expose a faulty theory is with reasoning. However, with the statists and racists the logical justification is beside the point. It’s based on the background of their opponents. Read More: https://mrdevinney.com/multiple-logics/

#economics #ideas #logic Inflation is absolutely devastating to the economy. It could be halted by not printing money. That won’t happen. Inflation will be explained in a number of ways—likely not correct. Then, ideas will float around how to control inflation. The idea that never goes away is price controls. I find it hard to believe they don’t know its never worked. It just leads to: shortages, decline in quality, black markets, and eventually rationing. Price controls is an idea straight out of the lunatic asylum. It’s been tried in: Rome, China, USSR, and the US. That’s not an exhaustive list, but its not like they worked in other places. Maybe they don’t know anything about history. Anyone who knows anything about economics knows price controls are a disaster. It won’t address inflation in the slightest. They will just make everything worse. Read More: https://mrdevinney.com/ideas-from-the-lunatic-asylum/

#economics #money #inflation The belief is nearly universal that money can’t be free. This implies that it must be controlled, regulated, manipulated, and created by the state. Money is the most important good in society. It’s nearly half of every transaction. Sound money is absolutely critical to the economy. Any manipulation by the state will wreak havoc. The fact that it’s critical is why it needs to remain free and unmanipulated. Fiat money is controlled. The system of counterfeiting exists around the world. Controls are awful for the economy. If you understand price controls generally lead to shortages, you would oppose the central bank. The central bank ensures prices are always controlled. Not in the sense that a good has a price floor or ceiling. The other half of the transaction is manipulated if there is fiat money. Read More: https://mrdevinney.com/fiat-money/

#economics #peace #war This is the age of enlightened totalitarianism. It’s characterized by inflation, wars, control, and hatred of human innovation. It’s nearly unchallenged that capitalism is bad. Progress is not a result of bureaucrats. Our standard of living can only increase from capital accumulation. The standard of living doesn’t rise from legislation, regulation, taxation, and printing money. It’s impossible that any of those can contribute to progress. We still progress in spite of all of the damage done by bureaucrats. Growth doesn’t occur from legislation, regulation, taxation, and printing money. Growth occurs in spite of those. Those impede growth. Therefore, growth could be greater, much greater. Growth is an achievement of humans cooperating. It doesn’t come from one human impeding another, or worse. Statism is about the impediment of progress. Read More: https://mrdevinney.com/how-to-achieve-durable-peace/

#economics #idol #legislation In the past it was the divine right of kings. The divine right argument isn’t pushed anymore, but the substance remains. Today, we have the divine right of legislators. As Thomas Sowell pointed out, they act as if they are the anointed ones. The masses accept their rule with passive obedience. Many might look at the divine right of kings as absurd, but the exact same exists today in disguise. It’s preposterous how common this view is without acknowledging it. There is much done that couldn’t be done with a clean conscious if they weren’t possessed: taxes, counterfeiting, war, and the list goes on. It’s a complete disregard for other’s feelings. It’s much different when you see the legislators. They couldn’t look you in the eyes and say: I know you’re honest, but I must take money from you, and send your kids to war. These people never see you. Read More: https://mrdevinney.com/the-possessed-legislators/

#economics #money #gold It would be inconvenient to carry around gold if the transaction is too large. It has a high value to weight ratio, but carrying around a valuable metal can be dangerous. There is a marvelous solution for these issues. The money can be exchanged for a substitute. You can deposit your precious metals which will be backed by a money substitute. Those money substitutes are exchangeable on demand. The use of money substitutes can take the place of gold—or other metals—entirely. The substitute can take the form of a banknote. That’s exactly what happened. That’s how cash and coins emerged. They can be redeemed by the banking institution anytime these substitutes change hands. The substitute is a claim on demand so long as the money is available. Banks have had the habit of issuing more claims to money than what’s available. Read More: https://mrdevinney.com/gold-is-heavy/

#economics #vote #voting There’s not much more unpopular than capitalism today. That means, there’s not much more unpopular than the individual. That means, there’s not much more unpopular than rights. The state is a persistent violator of rights. It’s conceptually impossible for the state to protect rights. It’s then equally absurd that the state can somehow protect rights, and move us towards utopia. Everything bad is charged to capitalism. Everything good is credited to the state. Friends of rights should support capitalism. Nearly all would agree that one should not have violence initiated against them. However, many won’t support this if their ideas are questioned. The notion that freedom supposedly guides the west is absurd. The exact opposite is true. There are many contradictory notions that go on endlessly. Everything but capitalism is doomed to failure. The law of the market is inescapable. Read More: https://mrdevinney.com/insanity/

#economics #money #fed Counterfeiting money is punished for good reason. It’s a grave problem that the so-called protectors of private property begin counterfeiting. It’s certainly a problem when small counterfeiters engage in illegal activity. It’s much more severe when done on a large scale. Small counterfeiting is less severe than large scale. However, it’s still severe. The difference is in degree, not in kind. Central banks around the world counterfeit on a large scale. This is done nonstop. Less paper money is in existence than what is owed. The debt is impossible to pay off under current conditions. Counterfeiting must be constant, or the public might discover it’s a house of cards. Repudiation is the answer. The bond holders will lose money, but not all investments are good investments. Also, these bonds are to be paid off by future aggression. Read More: https://mrdevinney.com/legalized-counterfeiting/

#economics #statism #cooperation The market is characterized by human cooperation. Statism is characterized by violence. The two can’t exist simultaneously. Therefore, statism is the enemy of cooperation. Society is the outcome of peaceful cooperation. It must destroy any peaceful actions to claim to improve anyone’s standard of living. Societies don’t automatically form. They need humans to cooperate. Humans create societies through peaceful action. Peaceful action is what separates man from beast. Society would never form if peaceful action didn’t improve our standard of living. The division of labor exists because man recognizes his standard of living will be higher with cooperation. Man doesn’t have to turn into Aristotle or Goethe to recognize this. This is the nature of man. This isn’t the nature of a few. Statism seeks to destroy peaceful cooperation and the nature of man. Read More: https://mrdevinney.com/cooperation-is-the-enemy/

#economics #statism #monopoly The statist idea is to establish a coercive monopoly in a territorial area. Particularly, in the area of law and order. They can create a monopoly for themselves in other areas once that’s established. This is especially harmful. They’ve arrogated to themselves the power to steal and counterfeit. That adds insult to injury. The state has powerful control over information. You are met with censorship and propaganda rather than being able to discover the truth. Discovering an easy source of revenue is a great way to stay in business. However, the state doesn’t earn revenue like a business. A business must convince you. The state can compel you, and only the state can do this. Since they have a monopoly in law and order, they make sure this is done within the law they created. So, A can steal from B. Then, B files a suit against A. When they go to court, A is the judge. Who will they rule in favor of? Read More: https://mrdevinney.com/the-statist-chimera/

#economics #gold #money Gold has been chosen as a medium of exchange for thousands of years. A medium of exchange is necessary for a society to get beyond barter. A medium of exchange that is used frequently is a money. There are some unique qualities which make money. Gold is in a limited supply. It’s used in exchange because people consider it valuable. Gold was accepted by the people. It wasn’t forced on them. As Murray Rothbard pointed out, money is the “nerve center of the economic system.” Going off the gold standard destroys interhuman relations, cooperation, the market, and freedom. There is no reason why one agency should have this much power. In essence, the state creates permanent conflict. They can’t print gold like they can with paper. So, they just add more zeros to their bank account. What a marvelous position. Read More: https://mrdevinney.com/gold-protection-from-parasites/

#economics #statism #market The market doesn’t exist in statism. It’s nothing more than a pseudo-market. The statists will claim its better, they may use a different term. Whose point of view? It puts the leaders in a better position than they were before. The masses are worse off. They may talk about eliminating one thing or another. That is to be replaced by the overlord’s ideas. The market needs all pieces to operate. Eliminating one thing will destroy the market. The entrepreneur is eliminated. He is guided by the consumers. Rather than the consumers issuing orders by their buying and abstention from buying, the overlord issues orders that the manager must follow. The overlords have a utopia in mind. It’s an unrestricted centralization of decision making. Rather than entrepreneurs satisfying the customers, or trying to, the overlords can only fail in this endeavor. Read More: https://mrdevinney.com/the-market-in-statism/

#war #statism #benefits War only benefits the political class, or the elites as they now openly call themselves. The average citizen is harmed. Even if they are not directly involved in the war, the average people will always be harmed. The elites are possessed by the spirit of conquest. They might mislead the masses by peace agreements, ceasefires, and the like. However, these are just intermissions in their aggression. They didn’t abandon their plans. There can only be peace if we adhere to freedom. War is a direct result from intervening in the free market. The masses are harmed by this intervention. The price of goods goes up, and the quality goes down. The masses are left with the bill. The masses are forced to pay for war multiple times. This is not an issue for the elites. The costs are externalized. Otherwise, the elites would be faced with the heavy burden they have created. Read More: https://mrdevinney.com/who-benefits-in-war/