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About rothbardian

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    cosmology, economics, finance, security, fischer chess, prediction markets, 4x metaverse
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  1. @Nanoman So true. We cannot call a man a criminal for stealing goods from a thief.
  2. Determining the supply of money, like all other goods, is best left to the free market. Aside from the general moral and economic advantages of freedom over coercion, no dictated quantity of money will do the work better.
  3. Economic theory and history both tell us that maintaining a cartel, for any length of time, is almost impossible on the free market, as the firms who restrict their supply are challenged by cartel members who secretly cut their prices in order to expand their share of the market as well as by new producers who enter thefray enticed by their higher profits attained by the cartelists. In addition to this, one cartel or one firm could not own all the means of production in the economy, because it could not calculate prices and allocate factors in a rational manner.
  4. yeah griefing: Also, security of a free market society, survivability would be a better word here; mostly depends on business partners, especially strong and influental organizations will give better support/help than any private military or security services. So, making good trading connections with other organizations will be vital to any society no matter if it is a totalitarian state or ancap society.
  5. There is nothing wrong to apply market or transaction fees, it is like commissions paid to a broker in real life trading. But taxes on profits is not a good idea. About security; in a wealthy ancap society (with skyscrapers, banks with large sums of tungsten in the vaults, etc.), large-scale property owners would carry large insurance policies on their assets. This would probably include indemnification in the event of a foreign military attack/confiscation. Thus it would be enormous insurance companies who would “internalize the externalities” of military defense. Beyond obvious measures such as funding the deployment and maintenance of an antiballistic missile system, these insurance companies might also post bounties for various targets in the event of a foreign invasion.
  6. Thoughts on Myriad Free Market and Its Security (Part II): Three pillars of free market are high liquidity (high volume), security (provided by insurance companies and private security enterprises) and taxfree. Frankly, Dual Universe metaverse will be totally chaotic environment where courts or law has no meaning at all. Anarchy rules. Period. Don't get me wrong and please don't confuse the word of chaos with anarchy. There is no accepted meaning to the word “anarchism” itself. The average person may think he knows what it means, especially that it is bad, but actually he does not. One very popular charge against anarchism is that it “means chaos.” anarchists have always believed that the establishment of their system would eliminate the chaotic elements now troubling the world. The root of the word comes from the term anarchos, meaning opposition to authority or commands. If every Myriad citizen has the absolute right to his justly-held property it then follows that he has the right to keep that property — to defend it by violence against violent invasion. Furthermore, if every citizen has the right to defend his person and property against attack, then he must also have the right to hire or accept the aid of other people to do such defending: he may employ or accept defenders just as he may employ or accept the volunteer services of gardeners on his lawn. (Note: Absolute pacifists who also assert their belief in property rights are caught in an inescapable inner contradiction: for if a man owns property and yet is denied the right to defend it against attack, then it is clear that a very important aspect of that ownership is being denied to him. To say that someone has the absolute right to a certain property but lacks the right to defend it against attack or invasion is also to say that he does not have total right to that property.)
  7. Yes @Aaron Cain all we need is freedom, and freedom can only be secured by free markets and free markets should be protected by private security companies.
  8. Any revolt against a tyrannical state/leader, other things being equal, is ipso facto a libertarian move. This is all the more true because even a revolution that fails … gives the people a training ground and a tradition of revolution that may later develop into a revolution more extensively and clearly founded on libertarian motives. If cherished in later tradition, a revolution will decrease the awe in which the constituted authority is held by the populace, and in that way will increase the chance of a later revolt against tyranny.
  9. Democratic theory says that the State should have a monopoly of force in its territorial area.
  10. Good to see you here on Mryiad. Shall you build Aristotle temple?
  11. In the unhampered free market economy, the supply of goods and services usually increases, as investment and productivity rise. This means that the tendency of the free market will be for prices to fall, some prices of course more than others.
  12. We must take a very hard look at state/government services. Are they “services,” or are they embodiments of repression? Or are they “services,” at best, that no one really wants? And if they are genuine services, wouldn’t they be supplied more efficiently, as well as voluntarily, by private enterprise?
  13. Once one strong competitor arises to challenge it, the cartel is doomed. For as the firms in the cartel are bound by production quotas, they must watch new competitors expand and take away sales from them at an accelerating rate. As a result, the cartel must break up under the pressure of the newcomers’ competition.
  14. Thoughts on Myriad Free Market and Its Security (Part I): One of the most common ethical charges leveled at the free market is that it fails to provide “security.” It is said that the blessings of freedom must be weighed against the competing blessings of security — to be provided, of course, by the State. That's not correct. On the free market, defense against violence would be a service like any other, obtainable from freely competitive private organizations. In the wide sense, defense service consists of guards or police who use force in defending person and property against attack, and judges or courts whose role is to use socially accepted procedures to determine who the criminals or tortfeasors are, as well as to enforce judicial awards, such as damages or the keeping of contracts. On the free market, many scenarios are possible on the relationship between the private courts and the police; they may be “vertically integrated,” for example, or their services may be supplied by separate firms. Furthermore, it seems likely that police service will be supplied by insurance companies who will provide crime insurance to their clients. In that case, insurance companies will pay off the victims of crime or the breaking of contracts or arbitration awards, and then pursue the aggressors in court to recoup their losses. There is a natural market connection between insurance companies and defense service, since they need pay out less benefits in proportion as they are able to keep down the rate of crime.
  15. Frankly, sanctuary zones (safe-zones) mostly less valuable places and it is designed for mostly beginners. I don't know what will be the path of DU about it, I'm just speculating it with an experience gained by other MMO's. And in real life experiences also tought us when there is no risk, there will be less profit. Risks and especially calculated risks can be managed by good plan and design.
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