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Showing posts from 2014

The Innovative payment network of the 21st Century

The common characteristic of both Fraudulent and Fiat money is that they violate the principle of free association. They enable the producers of paper money to expand their production through the violation of other people’s property rights. The producer of fiat money sells a product that cannot withstand the competition of free-market amounts of money such as gold and silver coins, and which the market participants only use because the use of all other sums of money is severely restricted or even outlawed. The most eloquent illustration of this fact is that paper money in all countries has been protected through legal-tender laws. Paper money is inherently fiat money and it cannot thrive but when it is imposed by the state it encourages the development of a national currency backed by bank holdings of the state. Bitcoin was invented to foster this new, digital style of commerce. There is no central bank or authority. Instead, Bitcoin is a self-monitoring network, spread out betw

ANARCHISM in one PAGE

The principle of self-ownership draws a line for each individual, creating a mirage of privacy and freedom of action that each and everyone must respect the rights of others perusing the facts that, with a more effective and compassionate voluntary cooperation, every nation would improve if those in government accord each of us the respect we deserve as unique and competent individuals considerate on the promise it holds for a better tomorrow. Recently the Ghana finance ministry announced a massive budget deficit causing a whole cypher of chaos in the economy and instead of government to reduce spending and taxes to encourage a greater economic growth and set off all necessary measures to pay down the national debt quick as possible, the contrary is labelled introducing an abnormal percentage increase in Taxation resulting in a dramatic increase in the prices of goods and services. Increasing taxation for people to pay for the welfare of the poor is immoral and indistinguishable fr

The Alteration of Natural Order

The law of nature stands as an eternal rule to all men, binding upon legislatures as well as others.   The fundamental law of nature is the preservation of mankind, no human sanction can be valid or good against it. ...men would not quit the freedom of a state of nature, and tie themselves up under a government, where it not to preserve their lives, liberty, and fortunes, by stated rules of right and property. God created a wonderful world. He created it with an amazing order. Things happen for a reason, and there is a cause and effect relationship for everything that occurs in the world and in our human lives.  Though we may not know specific causes in every instance, we can discern certain laws of nature.  They help us to understand how the physical world works, and to use those laws of nature to build a better life, to provide more food, higher-quality shelter, improved transportation, and so on.  Human society is also subject to a certain amazing order. While human relati