The Nation Is Not the State

submitted by jwithrow.nation

Journal of a Wayward Philosopher
The Nation Is Not the State

August 11, 2015
Hot Springs, VA

The S&P closed out Monday at $2,104. Gold closed at $1,104 per ounce. Oil closed out just under $46 per barrel, and the 10-year Treasury rate closed at 2.24%. Bitcoin is trading around $267 per BTC today.

Dear Journal,

Last week I suggested that the growth of the nation-state in the 20th century brought forth the rise of collectivism. I speculated that we may have reached peak collectivism and thus inferred the nation-state model may be ripe for decline, however. Today I will point out the troubling macroeconomic trends once again in support of this speculation.

The democratic nation-state model has grown so massive largely because the political class has bribed people with half-baked social insurance (welfare) programs across the board. This has led to a massive accumulation of debt throughout the entire western world. Simultaneously, the demographics of many western nation-states is such that there are more aged people drawing from pensions and national social insurance programs than there are younger workers to pay for them. This dynamic has resulted in an absolutely gargantuan accrual of unfunded liabilities.

What this means is most governments in the western world are already bankrupt. Many people remain unaware of this fact because governments have kicked the can down the road by manipulating interest rates ever lower (negative in places!) and creating huge amounts of national currency out of thin air via the central bank mechanism. More and more people are slowly waking up to reality, however, and this is leading to a loss of trust in the nation-state model. Continue reading “The Nation Is Not the State”

Peak Collectivism

submitted by jwithrow.Peak Collectivism

Journal of a Wayward Philosopher
Peak Collectivism

August 7, 2015
Hot Springs, VA

The S&P closed out Thursday at $2,079. Gold closed at $1,090 per ounce. Oil checked out just above $45 per barrel, and the 10-year Treasury rate closed at 2.27%. Bitcoin is trading around $281 per BTC today.

Dear Journal,

The Musings of a Wayward Philosopher launch has gone fairly well this week. The ebook is currently ranked #1 in Economics>Commerce and #1 in Education&Reference in Amazon’s Kindle store. The paperback ranked as high as #50 in Economics>Commerce but has faded back a bit since. I noticed a big spike in interest while it was ranked top-50. This trial-and-error learning process has been exciting!

What’s even more exciting is the fact that this wasn’t even possible just twenty short years ago. The gatekeepers have fallen!

The publishing arena was heavily guarded prior to the rise of the internet. The only way to publish a book and get it circulating beyond your immediate network was to work with a large publishing company. This meant that your book had to conform to their ideas, requirements, and biases. The dynamic was the exact same in the broadcast media realm. Apart from local newspapers you were only going to get “news” that had been sifted through a major media company’s filter. Continue reading “Peak Collectivism”

The Rule of Law

submitted by jwithrow.Rule of Law

The Rule of Law is rooted in British common law that dates back to the Middle Ages and it is the foundation of Western civilization. It is the underlying legal/ethical code of conduct that enabled western civilization to thrive.

The Rule of Law can be condensed into two fundamental laws:

1) Do all that you have agreed to do and nothing that you have agreed not to do.
2) Do not encroach upon other persons or their property.

The first law forms the basis of all contract law and the second law forms the basis of criminal law. These laws are simple and intuitive and history shows that a society dedicated to these laws is able to achieve prosperity.

Unfortunately, the Rule of Law has been subverted by the rule of legislation in our society today. There are now hundreds of thousands of petty laws on the books accompanied by millions of pages of legal mumbo-jumbo in supporting documents. Much of this legislation actually violates the Rule of Law as it encroaches upon personal liberty and property rights. Further, these petty laws are enforced at the discretion of the political class; politicians and insiders are largely exempt from abiding by their own legislation.

There was a time in America when grade schools taught common law and history lessons focused almost exclusively on common law principles. Sadly, this is no longer the case as the public educational system now teaches children to never question the validity of legal mandates and regulations, no matter how petty.

Fortunately, the Internet Reformation seems to be setting brushfires of liberty in the mind’s of men once again. These are certainly interesting times we are living in.

“The more corrupt the state, the more numerous the laws.” – Tacitus

“Where there are too many policemen, there is no liberty. Where there are too many soldiers, there is no peace. Where there are too many lawyers, there is no justice.” – Lin Yutang

“Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws” – Plato