Guide Americas Money Machine: The Story of the Federal Reserve (LvMI)

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As mentioned in Chapter 9 , according to their Q3 speed survey, ChinaCache, the largest domestic content delivery network CDN , notes that while the overall speeds are a little slower than previous speed rankings, Shanghai currently leads the country in average speeds at roughly 3. Via Tech In Asia. Yesterday I may have been given a SEO scheme purportedly devised by Robert Wenzel just one alias, see bottom for other possible names that supposedly allows its users to receive direct hyperlinks from sites like DrudgeReport. The scheme remains unharmed and no hacking took place to retrieve it.

I would link to the website maintained by Robert called EconomicPolicyJournal. Modern browsers such as IE, Firefox, Safari and Opera — by default — copy the content of websites that are visited into a temporary directory.

This action instantly reproduces the exact CSS and HTML code on a given site and can be done without the express written permission of a site proprietor. Yet the original site remains unscathed, all of the information and data — the digitized mathematical patterns — remain unharmed. Anachronistically, Robert is under the impression that information is scarce. Here is an example to illustrate that information is not scarce. If you follow these instructions you will have successfully reproduced all information bit-by-bit without the original site losing anything. The integrity of the original data remains disabused on the host servers of TheOnion.

The reason why is information is not scarce in the economic sense see Scarcity , Rivalrous and Against Intellectual Property. And thus sites that Google or Bing scan, are not deprived of the original data. Yet time and again I would link to his sites but do not want users to inadvertently, accidentally download other IP malware Robert contends that some kind of theft is taking place.

In other words, he contends that users have somehow physically taken something and he thus has the right to excise control over the patterns of data on your drives and ultimately the copies in your brain. You see, taken to the logical extreme, to prevent a user from reproducing data you would need some kind of thought police, some kind of enforcement program to bore inside each brain, to prevent the various neurons, axons and dendrils from copying and storing the information in the lobes a scenario that Charles Stross explores in his novels.

The Truth About The Federal Reserve, Fiat Currencies, And America's History With World Bankers

Or in otherwords, IP itself is a form of steampunk malware — imagined in the Age of Sail to protect existing business models and special interests by granting intellectual monopolies which would not exist in a free-market and are only enforceable via coercion e. A friend of a friend of mine recently sent me some troubling information that has been reproduced perfectly bit-by-bit — without any harm or destruction done to the original copy. According to this contact, Robert Wenzel may have massaged part of a talk he gave at the Ludwig von Mises Institute. The third category alone consisted of about , households, one million people.

Stalin believed that such a brutal policy would persuade others in agricultural regions to accept the rule of Moscow and that resistance would end.

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Yet Robert holds firm positions on plagiarism elsewhere. This next statement is copied and pasted, without the destruction or harm of the original information from Robert regarding Stefan Molyneux:. While his whole talk is long block quotes from cited sources, why did he lift this without attribution from an encyclopedia narrative? Why is copying and reproducing okay to do in that circumstance, but not in others e.

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  8. A similar instance occurred during a recent debate between Wenzel and a patent attorney in which Wenzel restated the definition of multivariable calculus word for word, without citing the source Wikipedia. Yet the stark reality is that he only spoke to two other people at the Fed, including the acquaintance who invited him to lunch. He has thus misled everyone by making it seem it was some kind of keynote speech:. This was not Netanyahu at the UN.

    I have even talked about free-market ideas with a couple of my Chinese friends near those buildings. Which brings us back to the Drudge formula. Like all SEO, there is no ironclad mathematical formula to get on Drudge. It is simply too hard for the fascists, or for that matter other radical groups, to seize control of.

    There is a clearly defined center of power and a clearly defined set of lines of authority; furthermore, the main activity of the state is to enforce property rights through violence or the threat of violence. That means such a state will predominantly comprise policemen, soldiers, possibly border authorities, Coast Guard employees and others in related support services. The culture and ethos of such a state is likely to be relatively masculine and also relatively martial and tolerant of a certain amount of risk, and indeed violence.

    The state will be full of people who are used to the idea of applying force to achieve social ends, even if, under night watchman assumptions, those deployments of force are for the most part justified. Do read the whole thing , the article has points of interest, and the essay in the book even more.

    In the digital age, everything is a market, even the self. Thereby, people lose their true identity.

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    Everything becomes flexible as new skills are acquired according to market needs. For Mirowski, people are forced to construct a flexible neoliberal entrepreneurial identity, which he considers as the end of a true personality. Suffice to say that no-one forces anyone to use the services supplied by Facebook.

    Their use is completely voluntary. One might deplore some cultural developments, such as more superficial human relationships, a decline of deep friendship and the family, a lack of time for spiritual and unremunerated activities. Yet, it is not by capitalism but the expansion of the welfare state financed by fiat money that fosters these developments. The welfare state by assuming responsibilities of civil society weakens its traditional ties; namely deep friendship and the family. Fiat money and its concomitant culture of debt make our life faster, more stressful and less independent.

    High debts turn the focus on money earning activities. Moreover, Mirowski forgets that it is free markets and private property that allows for the development of a personality. Private property is akin to an extension of the body and materializes the personality. The writer owns his pen, the soccer player his shoes, the doctor his instruments and the musician his violin. Private property allows us to develop our personality.

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    Without private property no one can develop and enhance his or her personality. Private property gives people the chance to grow and change. Markets offer many opportunities to develop a personality. They allow people to become more flexible and acquire new skills, but it is their voluntary choice.

    Many people would regard the possibility of satisfying not only the needs of the majority but also the needs of minorities as a great feature and advantage of the market economy. The market economy does not discriminate against the needs that a majority might find strange. Who is Mirowski to judge the needs of other people if these people do not violate any property rights? And what about Mirowski himself? Is it not strange to write a populist book trying to smash the idea of free and voluntary exchange by putting old anti-capitalist propaganda into new clothes?

    Is it not really strange that someone advocates the intervention of the government, i. Thanks to the market individuals may actually buy his book and satisfy their prejudices against liberty. Offering another fallacy to the reader, Mirowski argues that the market is in the self-interest of only some players that lobby for it, for instance through the Mont Pelerin Society and related instutions.

    He finds it also absurd to think that no market can ever be coercive and writes that there are losers in the market process. He fails to see that a free market, voluntary exchanges based on private property are by definition in the self-interest of all market participants as they expect to benefit ex ante from such exchanges. A voluntary exchange is a win-win-situation. It is only ex post the voluntary exchange that losses may be realized. Mirowski is also an adherent to the doctrine that marketing manipulates the consumer. For him, it is only an illusion that consumers want a product.

    This illusion is artificially imposed on consumers by the advertisement campaigns of self-interested companies. Of course, marketing attempts to influence and to convince the consumer to try the product. Sometimes marketing is successful; sometimes it fails to attain the end. If the consumer tries the product due to promises that the product cannot hold, he will not try it again. The market allows for experimentation. A product that does not satisfy consumer needs at a reasonable price will be pushed out of the market and will not generate the revenues to pay for its advertisement.

    Therefore, in the long run only good products are advertised. Why not acknowledge the evidence that people voluntarily inform themselves, experiment and compare products? Why not acknowledge that people are able to resist the influences of marketing?

    Finally, is Mirowski not himself manipulating with his suggestive language and anti-capitalist propaganda? Mirowski regards liberty as democratic participation and the market as an entity that rules the people. The conceptual distortions committed by Mirowski are almost comical.

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    Liberty is absence of infringements on private property rights. Democratic participation, i. The market is no entity that somehow rules the people. Entrepreneurs do not impose anything on consumers. They are trying to anticipate the needs future consumers. In a sense, they represent the wishes of future consumers. First, he argues that the members of the Mont Pelerin Society argue in favor of a liberal society but the MPS itself is a closed and secrete society. It does not admit socialists as members and the debates are closed to the public.