Freedom & Power

Lesson #006 - The Master Contract Explained - Condition #4

: Category: Lessons; Published: 25 August 2013; Hits: 2674

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We introduced The Master Contract (or MC for short) in a previous post. The Master Contract for the Absolute Austro-Libertarian theory is a small set of rules that forms the basis of the Absolute Austro-Libertarian way of life.

We must now expand on its concepts and shed light on its principles.

The fourth Condition of the Master Contract states:

Property can only be acquired through:

Contract or,

Continuous work or use (if lacking ownership) or,

MC…

: Category: Civil Rights; Published: 24 August 2013; Hits: 2087

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The Times of India reported today about the debate going on in US regarding Edward Snowden. He was a CIA’s and NSA’s employee who leaked details of the highly secretive and massive spy program PRISM. This program was designed to eavesdrop people’s electronic communications at a gigantic scale. Presumably, to “prevent terrorism”… whatever that may mean.

The really funny thing, is that this high-tech all-seeing-eye failed miserably when it came to detect…

: Category: Free Market; Published: 24 August 2013; Hits: 2022

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Today and article appeared in the US newspaper The New York Times stating that Steve Balmer, the current Microsoft CEO, is stepping down soon.

The article includes examples of the many ways in which Steve managed to screw-up in Microsoft by missing what everybody and my cat already new:

Mobile devices are and will continue to be hot
Internet search is critical

Microsoft’s rivals (Apple and Google) have taken an…

: Category: Lessons; Published: 24 August 2013; Hits: 2755

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We introduced The Master Contract (or MC for short) in a previous post. The Master Contract for the AL theory is a small set of rules that forms the basis of the AL way of life.

We must now expand on its concepts and shed light on its principles.

The third Condition of the Master Contract states:

All relations among people or organizations of any kind are ruled by voluntary contracts or if a contract…

: Category: Lessons; Published: 23 August 2013; Hits: 2801

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Property rights are absolute with only one exception:

a) Slavery is forbidden. A human being cannot be…

: Category: China; Published: 23 August 2013; Hits: 2014

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An article published today by the Chinese newspaper Global Times announced the approval of the new Shanghai Free Test Trading Area or Shanghai FTA. This new area is supposed to revolutionize the Chinese economic revolution by demolishing existing barriers.

Shanghai’s party secretary Han Zheng declared that the FTA “is the core of institutional innovation, rather than incentives”

Planned Innovations:

Foreign Investors will be able to participate in Chinese Capital Markets…

: Category: Lessons; Published: 21 August 2013; Hits: 1930

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We introduced The Master Contract (or MC for short) in a previous post. The Master Contract for the Absolute Austro-Libertarian theory is a small set of rules that form the basis of the Absolute Austro-Libertarian way of life.

We must now expand on its concepts and shed light on its principles.

The first Condition of the Master Contract states:

The acceptance of the rules contained within this contract is strictly voluntary.

Let’s begin by stating that the…

: Category: Currencies; Published: 21 August 2013; Hits: 2028

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Today Der Spiegel reports about the new “measures” that the German government has taken regarding Bitcoins, the virtual currency.

Bitcoin is a strange animal. It has some characteristics of a free-market, commodity-based currency and some of the fiat-based currency (or as it is called in Libertarian circles, Monopoly money because they are intrinsically worthless).

If you are interested in information about Bitcoins, you can find a nice summary in WikipediaBitcoins.…

: Category: Free Trade; Published: 21 August 2013; Hits: 2776

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Today the Japan News reported in an article that negotiations for the infamous Trans Pacific Partnership (TPP) will be accelerated at Japan’s request because of impending 2014 elections. Of course, this may be true, however, we feel that somebody is being less than honest. The US (just like any other country) never does anything that isn’t in its own best interest.

So, we have to ask ourselves, what reason could US…