Llewellyn H. Rockwell Jr.'s Blog, page 2505

The Crazy Global Debt Bubble

There are multiple sources of friction in the Perpetual Motion Money Machine.

We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles.

The two games are connected: asset bubbles require leverage and credit. Prices for homes, stocks, bonds, bat guano futures, etc. can only be pushed to the stratosphere if buyers have access to credit an...

For Every Action, There Is an Equal and Opposite Reaction

Newton’s third law of motion has proven the test of time since he first stated it in 1686. If we were to apply the same concept to political history, we might say,

A nation that rises to a great height will fall to an equally great depth.

At first glance, that seems to be merely clever wordsmithing. However, historically, it does seem to play out exactly that way. Most countries tend to ebb and flow as to their prosperity, but those that rise to great heights, particularly those that rise to...

The US Is the Exceptional Terrorist Nation

When we think about terrorism we most often think about the horrors of a Manchester-like attack, where a radicalized suicide bomber went into a concert hall and killed dozens of innocent civilians. It was an inexcusable act of savagery and it certainly did terrorize the population.

What is less considered are attacks that leave far more civilians dead, happen nearly daily instead of rarely, and produce a constant feeling of terror and dread. These are the civilians on the receiving end of US...

That Pesky Enlightenment

It continues to cause problems.  Let’s consider one of the bedrock principles from the Enlightenment: “equality.”  Pay attention to the evolution of the term.

From John Locke:

A state also of equality, wherein all the power and jurisdiction is reciprocal, no one having more than another; there being nothing more evident, than that creatures of the same species and rank, promiscuously born to all the same advantages of nature, and the use of the same faculties, should also be equal one amongst...

A Survival Cache on Your Property

ReadyNutrition Readers, recently I suggested 5 projects to undertake in the Spring to get a head start on preparing for emergencies.  As the title suggests, this article will outline several methods to hide your stuff underground.  Be advised: this means you’ll have to have some property at your disposal.

Caches are the ultimate backup plan because everyone wants to hide their “stuff,” but hiding it effectively is a different matter.  Yes, everyone wants a set of diagrams and ideas, but you s...

Black and Blue

Naturally, the solution to the problem of police abusing their authority is to hold them less accountable when they do exactly that.

Leave it to “law and order” Republicans such as Texas Sen. John Cornyn and Rep. Ted Poe to evolve such logic. They have put forth the Black and Blue – whoops, Back the Blue – act (see here) which would make it harder to sue run-amok law enforcers in civil court to recover damages resulting from actions undeniably illegal – while at the same time imposing more se...

The Collapse of France

The brainwashed and insouciant French electorate has voted to abolish the French nation. In five years France will exist only as a geographical location, a province in “Europe,” itself a province in global capitalism.

The French had the last chance to save their nation, but they could not do it because the French have been convinced that to be French is to be fascist and racist. Therefore, the French electorate defeated Marine Le Pen, the leader of the only political party that stands for Fra...

Demolition of the Left

Egalitarianism as a Revolt against Nature, and Other Essays is vital reading for anyone interested in the thought of Murray Rothbard. The book is his comprehensive effort to present libertarianism as a “science of liberty.” In order to grasp libertarianism as a worldview, he argues, we must take hold of a fundamental fact.

As he makes clear in the book’s title essay, “Egalitarianism as a Revolt Against Nature,” libertarianism rests on the incontrovertible fact that people are different. Procr...

Can a Heart Be Hacked?

A tech security evaluation has found a whopping 8,000 software vulnerabilities in the code of pacemakers.

Security research firm WhiteScope carried out the assessment on implantable cardiac devices, physician programmers and home monitoring devices for four major manufacturers.

The researchers found a worrying consistency across all vendors, highlighting inherent system weaknesses in file system encryption and storage of unencrypted patient data.

The report notes that pacemaker security faces...

Telling the Truth About JFK’s Murder

As we commemorate JFK’s 100th anniversary, we find the media regurgitating their failed propaganda and covering-up the truth about his murder and the conspiracies surrounding it.

LRC readers have always been consumed with the search for the truth, what really happened, and who perpetrated his assassination. The following books have been valuable resources in that search. For more in-depth information, listen to Lew’s podcasts with the authors.

Hence, as we remember JFK and his presidency, let...