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So, A Free, Open and Voluntary Society Can't Work
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<blockquote data-quote="wkmac" data-source="post: 954565" data-attributes="member: 2189"><p><a href="http://lewrockwell.com/north/north1112.html" target="_blank"><span style="color: #ff0000">Liquid Tide: A Black Market Currency</span></a></p><p></p><p>To me, this is an interesting observable event of human action. Beyond the obvious wrong of using theft to acquire the initial currency, once in the marketplace, it's a teaching moment IMO where markets and people who act within them will create working alternatives when monopolized systems no longer work such as in this case. And IMO our monopolized currency system have in truth begun to fail and collapse as some evidence to that fact is the growth of <a href="http://www.freakonomics.com/2011/11/01/the-black-market-is-the-second-largest-economy-in-the-world/" target="_blank"><span style="color: #ff0000">System D</span></a> around the planet. Or the rise of <a href="http://www.weusecoins.com/" target="_blank"><span style="color: #ff0000">BitCoin</span></a>. I've even found local merchants who will take silver instead of Fed Notes and the exchange ratio is extremely attractive because the final price is driven down even further as the 3rd party rent seekers are removed. </p><p></p><p>This also piggybacks onto AV's post and link on people cooperating in a peaceful, compassionate manner when left to self organizing and voluntary means as well as my post in the "Science overturning the view of humans" thread or in observing people in the case of a traffic light failure. The illusion and necessity of topdown hierarchical control is collapsing among the masses and as a result we see the topdown state instituting more authoritarian control mechanisms should the time come to crush the rising tide (no pun) in order to protect it's own power base and control.</p></blockquote><p></p>
[QUOTE="wkmac, post: 954565, member: 2189"] [URL="http://lewrockwell.com/north/north1112.html"][COLOR=#ff0000]Liquid Tide: A Black Market Currency[/COLOR][/URL] To me, this is an interesting observable event of human action. Beyond the obvious wrong of using theft to acquire the initial currency, once in the marketplace, it's a teaching moment IMO where markets and people who act within them will create working alternatives when monopolized systems no longer work such as in this case. And IMO our monopolized currency system have in truth begun to fail and collapse as some evidence to that fact is the growth of [URL="http://www.freakonomics.com/2011/11/01/the-black-market-is-the-second-largest-economy-in-the-world/"][COLOR=#ff0000]System D[/COLOR][/URL] around the planet. Or the rise of [URL="http://www.weusecoins.com/"][COLOR=#ff0000]BitCoin[/COLOR][/URL]. I've even found local merchants who will take silver instead of Fed Notes and the exchange ratio is extremely attractive because the final price is driven down even further as the 3rd party rent seekers are removed. This also piggybacks onto AV's post and link on people cooperating in a peaceful, compassionate manner when left to self organizing and voluntary means as well as my post in the "Science overturning the view of humans" thread or in observing people in the case of a traffic light failure. The illusion and necessity of topdown hierarchical control is collapsing among the masses and as a result we see the topdown state instituting more authoritarian control mechanisms should the time come to crush the rising tide (no pun) in order to protect it's own power base and control. [/QUOTE]
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