June jobs report

According to market watch, the private sector added 57,000 jobs, while the public sector lost 39,000 jobs, for a net total job addition of 18,000. And May and April saw their job totals revised downward by 44,000.

So as libertarians we can take heart that jobs are being moved from the public sector. And yet, we know that our society is not at the level of of human flourishing it coud be if it desisted from agression.

This particular article, mentions the debt limit, wich is a whole nother topic.

Krugman on Corporate Cash

Krugman says that corporations are sitting on cash. The idea here is that we shouldn't give corporations any money, because they already have enough to spend, and it won't lead to economic recovery.

But, as an anarchist, I want to end taxes on corporations because of a desire to end the violence of the state. To no longer see tax dodgers in prison. And to reap the benefits of a wealth, free society.

But everyone is focused on economic recovery. That's the only way to push these measures. So Republicans say this will put people to work. But we have bigger aims.

More on Sweden

Good post on quasi-moneterasim. According to the article, Sweden is trying nominal GDP targeting. And its leading to an economic recovery.

Again, let's have an accurage view of the state. We can oppose it without disorting its record.

The first volley

Here I take on the Austrian Ancaps, and challenge them to be more flexible in their thinking.

As much as I may hate the federal government, do I really want mass unemployment? Why go after the Fed, why not go after the violent institutions that give for us to use the fed's currency? (IRS, FBI, etc).

Let's open people's eyes! You can be an anarcho-capitalist and throw out the childish Austrian economics.

Should We Root For The State To Fail

Saw this article today:

I agree with the quasi-monetarist position that nominal NGDP targeting could stabilize economic growth and employment levels.

I think Ron Paul's "End The Fed" is like a campaign to "End The Military" or "End The Police". Ok, as long as people understand that we are open to new institutions replacing the oppressive ones to do the job better.

Unfortunately, the Ron Paul types are pushing a high unemployment, deflationary agenda. The man on the street is not going to accept this message. Granted, some might accept the idea of Austrian economics, but that's a whole other type of snake oil.

Instead of trying to end the fed we should be trying to end the legal tender laws, legal system and system of taxation that essentially force people to use American currency.