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Critical
01-01-2010, 2:59 PM
Mises.org is definite go-to-place for anything and everything economics. This is a recent write up, so I thought I'd share it here.

Gold and Guns

http://mises.org/daily/4003

"
....

This decivilization process that Hoppe describes continues in fits and starts. The uneducated continue to live in never-never land, believing that each new ruler means change and that their lives and happiness can safely be put in the hands of a kind and caring government. But government's current ham-handedness with its bailouts, money printing, and rights violations has alerted more than a few individuals to do what comes naturally: defend themselves and prepare for the worst.

...

So, some Americans are unloading their family treasures and cheering for bailouts, money printing, and gun control, while others are stocking up on precious metals, guns, and ammo to protect themselves and their wealth.

There is no question which group is the civilized one."

SkatinJJ
01-01-2010, 3:55 PM
The decivilization process was fueled by easy credit and encouraged purchasing power "to fuel the economy" for the past several decades.

The natural process of civilization comes through delaying consumption, saving, and building capital. Undoing it leads to higher societal time preference.

Interesting proposition in this light that saving, and not helping the economy is helpful to civilization.

Semper FI!!!

JJ