Libertarian Discussion Thread

[Nulla Bellum]

Interesting in French there is a semantic difference between libertariens (right-libertarian) and libertaires (left-libertarian). Ultimately derived from the same word, but the former is a loan from English while the latter is native. TIL

https://www.wikiberal.org/wiki/Libertai ... ibertarien

left libertarianism is an oxymoron.

[Nulla Bellum]

Nobody is entitled to a "reasonable" rate of return. There are expectations which are exceeded or disappointed by the actual course of events. The just course of action is to stop the butchery in the first place, rather than continually take a pound of flesh off the next generation because you think you were entitled to "reasonable" compensation (what did they ever do to you?). Indeed the most recent batch of retirees are the worst in a utilitarian sense because they will live longer unproductively and thus become a bigger burden on a smaller labor force.

I would totally agree with stopping the butchery in the first place. Just give me back the money you took from me, and I will have no problem investing it to give me a comfortable retirement. I am even willing to just take the principal amount, no interest. To simply stop dead, however, would be like a bank deciding that paying of the CD's people invested in is too expensive, so they won't.

I'm betting that people going to the mailbox to receive a Social Security check and receiving a letter that tells them to go screw themselves instead will stop trusting in government, as they should not have all along.

[Great Minarchistan]

For those debating on the future of Social Security, George Reisman formulated an extremely good policy that would transition and extinguish Social Security completely within 20-30 years. There was also an idea proposed by Jesús Huerta de Soto that went something along the lines of creating an "opt-out", where you would be able to get out of Social Security and receive half/two thirds of the 12.4% taken out of your paycheck ever since the opt-out, while being blocked to get any government pensions (would be particularly useful for people aged 16-30 imo).

[The Liberated Territories]

Interesting in French there is a semantic difference between libertariens (right-libertarian) and libertaires (left-libertarian). Ultimately derived from the same word, but the former is a loan from English while the latter is native. TIL

https://www.wikiberal.org/wiki/Libertai ... ibertarien

left libertarianism is an oxymoron.

i know but we got to tolerate them on this board lest we are swamped

[Elwher]

It isn't a CD. It's a transfer at zero time. Your money was taken in 1988 to pay a retiree who didn't save enough in 1988. My money is being taken in 2018 to pay the next cohort in 2018.

My money was taken from 1970 through 2016 to pay for retirees during that time period, correct. There was, however, a legal obligation to pay me benefits in exchange for this taking from 2016 onward. I am saying that I would be willing to forgo that obligation for the return of all the monies taken from me.

[Nulla Bellum]

It isn't a CD. It's a transfer at zero time. Your money was taken in 1988 to pay a retiree who didn't save enough in 1988. My money is being taken in 2018 to pay the next cohort in 2018.

My money was taken from 1970 through 2016 to pay for retirees during that time period, correct. There was, however, a legal obligation to pay me benefits in exchange for this taking from 2016 onward. I am saying that I would be willing to forgo that obligation for the return of all the monies taken from me.

I agree, with the addition that the assets of those propped up by welfare (from parasites small and corporate) be liquidated to pay it all back to you plus interest.

[Nulla Bellum]

left libertarianism is an oxymoron.

i know but we got to tolerate them on this board lest we are swamped

This is why our nice things get taxed away.

[The Liberated Territories]

I'm glad to see the ball from 2016 still rolling. If the Libertarian Party can keep up the momentum, I'm sure we can eventually break the duopoly:

http://truthinmedia.com/iowa-libertaria ... dorsement/

[Great Minarchistan]

til that econometrics cannot address the faltering us' growth rate

[Taihei Tengoku]

Of course it can't, econometrics is just the use of statistics in economics.

[The Liberated Territories]

My authentic mayan calendar didn't predict the end of the world

damn econometrics

[Great Minarchistan]

Of course it can't, econometrics is just the use of statistics in economics.

Speaking of, have you heard about Ray Fair's economic prediction models?

[Great Minarchistan]

My authentic mayan calendar didn't predict the end of the world

damn econometrics

no u

[Nulla Bellum]

My authentic mayan calendar didn't predict the end of the world

damn econometrics

Did too. Where's the Mayans?

[Great Minarchistan]

wow this thread is dead
bump

[Taihei Tengoku]

All bubbles are nominal

[Great Minarchistan]

All bubbles are nominal

cba to read it rn as it's late but didn't real housing prices increase during the bubble?

[Taihei Tengoku]

All bubbles are nominal

cba to read it rn as it's late but didn't real housing prices increase during the bubble?

What do you mean by "real" prices? Increases above CPI/GDP deflator? In any case that only underscores the argument--all bubbles are nominal (based on arbitrages).

[Delta-9 Tetrahydrocannabinol]

wow this thread is dead
bump

Maybe they went down that “Libertarian to alt-right” pipeline.

[Great Minarchistan]

cba to read it rn as it's late but didn't real housing prices increase during the bubble?

What do you mean by "real" prices? Increases above CPI/GDP deflator? In any case that only underscores the argument--all bubbles are nominal (based on arbitrages).

Yes to the former and pls gimme tldr

[Great Minarchistan]

wow this thread is dead
bump

Maybe they went down that “Libertarian to alt-right” pipeline.

thank god I didn't go through that, I avoided the ancap trap

[Delta-9 Tetrahydrocannabinol]

Maybe they went down that “Libertarian to alt-right” pipeline.

thank god I didn't go through that, I avoided the ancap trap

I think it has to do less with ancapism and more to do with white males with social anxiety trying to find belonging.

Yep, I just went there.

[Taihei Tengoku]

What do you mean by "real" prices? Increases above CPI/GDP deflator? In any case that only underscores the argument--all bubbles are nominal (based on arbitrages).

Yes to the former and pls gimme tldr

The housing (price) bubble wasn't a case of irrational exuberance but the result of restrictive development codes on the coasts, which drove people to buy cheap single-family homes in other areas. Since the migration was so intense even the more liberal authorities in places like Phoenix and Atlanta couldn't keep up, driving people away to other cities or sprawling out into the next market over. But since people are moving to these places to get away from somewhere else instead of moving to that destination that caused a collapse in the housing market once the front of activity moved away. This mismatch created the impression that for "some reason" home prices were collapsing, setting in motion the chain of insolvencies that led to 2007-2008.

[Taihei Tengoku]

thank god I didn't go through that, I avoided the ancap trap

I think it has to do less with ancapism and more to do with white males with social anxiety trying to find belonging.

Yep, I just went there.

White males in the current society exist to be taxfarmed/enserfed to sustain a criminal underclass and a parasitic brahminate. Ancapism offered a solution by saying they could just keep their productivity to themselves. Altrightism offers another answer in white nationalism. Once you understand what the question is you realize that it was a move from escape to retaliation, not a move from "no state power" to "all the state power."

[Delta-9 Tetrahydrocannabinol]

I think it has to do less with ancapism and more to do with white males with social anxiety trying to find belonging.

Yep, I just went there.

White males in the current society exist to be taxfarmed/enserfed to sustain a criminal underclass and a parasitic brahminate. Ancapism offered a solution by saying they could just keep their productivity to themselves. Altrightism offers another answer in white nationalism. Once you understand what the question is you realize that it was a move from escape to retaliation, not a move from "no state power" to "all the state power."

Yeah, I call bullshit on the that white men are one of the most discimated groups in the western world. I suggest you read some literature and stories among former white nationalists. White nationalists target disfransched white male youth. Now, they found a segment of white males, whom may have delt with some disfrancshment in their lives. Now, I believe that the disfranschment has to due more with issues relating to autism, learning disabilities and social anxieties rather than “It’s the N****/feminist/progressives/SJWS fault why my life sucks!”