It appears the terrorist organization known as Islamic State has been watching the fiasco of fiat money and reading Alan Greenspan and Ron Paul. As The Daily Mail reports, ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins in an attempt to solidify its makeshift caliphate. Around 1500 years after the Dinar was first introduced - made from pure gold and silver - ISIS plans to implement the change within a few weeks, changing changing from regular dinars and Lira to golden dinars and silver dirhams. Read The Full Story
The term “anarcho-capitalism” has, we might say, rather an arresting quality. But while the term itself may jolt the newcomer, the ideas it embodies are compelling and attractive, and represent the culmination of a long development of thought.
If I had to boil it down to a handful of insights, they would be these: (1) each human being, to use John Locke’s formulation, “has a property in his own person”; (2) there ought to be a single moral code binding all people, whether they are employed by the State or not; and (3) society can run itself without central direction.
From the original property one enjoys in his own person we can derive individual rights, including property rights. When taken to its proper Rothbardian conclusion, this insight actually invalidates the State, since the State functions and survives on the basis of systematic violation of individual rights. Were it not to do so, it would cease to be the State. Read The Full Story
The online drug-dealing bonanza continued unabated Friday morning, hours after U.S. and European authorities seized Silk Road 2.0 and at least two other digital black marketplaces.
A third incarnation of the trailblazing Silk Road is already welcoming new users interested in a diverse offering of illegal and prescription drugs.
“Welcome to Silk Road Reloaded,” says a message to new registrants on the third version of the original, which was taken offline in October 2013.
“We are an anonymous, professional and peaceful marketplace selling all sorts of goods and services,” says the message, signed by “Dread Pirate Roberts,” the pseudonym originally used by the first site operator. “There is no judgment, censorship or repercussion here. We are truly free.” Read The Full Story
Well there's already good news on today's Election Day. The 2012 Libertarian Party candidate for president, former New Mexico Gov. Gary Johnson, has announced that he's running for the 2016 LP nomination.
He directly addressed how his views differ from Sen. Rand Paul (R-Ky.), the most libertarian likely candidate from a major party:
"On half the issues he's right, but on the whole social issue thing.... Look, libertarians are flaming liberals when it comes to social issues, when it comes to civil liberties. A woman's right to choose, drug reform, immigration, marriage equality. He's not there."
Johnson, who ran with Judge Jim Gray, pulled about 1.3 million votes and 1 percent of the overall total. That was the best showing for the LP since 1980. Read The Full Story
Barack Obama, in his post-election press conference yesterday, announced that he would seek an Authorization for Use of Military Force (AUMF) from the new Congress, one that would authorize Obama’s bombing campaign in Iraq and Syria—the one he began three months ago. If one were being generous, one could say that seeking congressional authorization for a war that commenced months ago is at least better than fighting a war even after Congress explicitly rejected its authorization, as Obama lawlessly did in the now-collapsed country of Libya.
When Obama began bombing targets inside Syria in September, I noted that it was the seventh predominantly Muslim country that had been bombed by the U.S. during his presidency (that did not count Obama’s bombing of the Muslim minority in the Philippines). I also previously noted that this new bombing campaign meant that Obama had become the fourth consecutive U.S. President to order bombs dropped on Iraq. Standing alone, those are both amazingly revealing facts. American violence is so ongoing and continuous that we barely notice it any more. Just this week, a U.S. drone launched a missile that killed 10 people in Yemen, and the dead were promptly labeled “suspected militants” (which actually just means they are “military-age males”); those killings received almost no discussion.
To get a full scope of American violence in the world, it is worth asking a broader question: how many countries in the Islamic world has the U.S. bombed or occupied since 1980? That answer was provided in a recent Washington Post op-ed by the military historian and former U.S. Army Col. Andrew Bacevich:
As America’s efforts to “degrade and ultimately destroy” Islamic State militants extent into Syria, Iraq War III has seamlessly morphed into Greater Middle East Battlefield XIV. That is, Syria has become at least the 14th country in the Islamic world that U.S. forces have invaded or occupied or bombed, and in which American soldiers have killed or been killed. And that’s just since 1980.