No Result
View All Result
  • Login
Wednesday, August 26, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Economy

The Problem with Eternal Vigilance

by theadvisertimes.com
4 months ago
in Economy
Reading Time: 5 mins read
A A
0
The Problem with Eternal Vigilance
Share on FacebookShare on TwitterShare on LInkedIn


“Politics in all its variants, particularly the politics of political parties, is the archenemy of freedom, prosperity, and peace. Yet wherever one looks, more government is invoked as the solution.”—Antony P. Mueller, “Is Anarcho-Capitalism Viable”

People are supposed to exercise eternal vigilance to keep themselves free. How does one exercise vigilance when the entity in question can pretty much do what it wants and can back its actions with superior force? How does one exercise vigilance when nature requires him to spend his time supporting his life and the lives of those he chooses to support? How does one exercise vigilance in defending freedom when most people today would rather be the subject of a state than be free?

It is a formidable task that has little in the way of a promising future.

Imagine how life is for people in Ukraine or Gaza or Iran—or anywhere else where bombs are falling or missiles striking. Borrowing from Hobbes, you might describe their lives as “solitary, poor, nasty, brutish, and short,” but you’d be immediately faced with another problem. Hobbes was describing what life would be like in the absence of a state. People suffering the consequences of war are suffering at the hands of states.

Is life one vast contradiction that can only be resolved at one’s death? Is that one of the appeals of religion, that it replaces suffering with peace and good will in the afterlife? Or is it possible people still on earth can find a way to live peacefully with one another without a state?

If it is possible then anyone looking to persuade others of this position will find resistance everywhere he turns. And not just from warmongers.

More moderate positions on the state’s necessity come from thinkers who self-identify as libertarians, who promote peace, prosperity, and freedom but also claim none of it is possible without a sovereign authority to establish and enforce laws. They argue for limited government—keep the state but limit its functions to those needed to protect the Declaration’s inalienable rights.

It’s intellectually easy to criticize the state as it exists today, rather than the idea of the state itself, here understood in Oppenheimer’s sense as a predator of the producing class. Taxation is theft, inflation is deceptive theft, conscription is kidnapping—each established libertarian positions, and all attributable to the state’s aim of increasing its power. Do away with these and others, such as a standing army, and we will arrive at a version of the state that satisfies libertarians because it’s the best we can hope for. Their axiom: We will always have states. Libertarians want them as small as possible.

But even this version is alien. States grow. It’s in their nature. Their purpose is to provide security. There are always more and better ways to secure. For the state, security comes at a cost of imposing restrictions on freedom. People can turn to private security firms but they operate under state permission. If the security sought is that provided by sound money, the whole industrialized world opposes it. Fiat money, best understood as legal counterfeiting, grows the state, not sound money.

How does a state get away with growing? Usually, in response to a crisis. What is government for if not to fix or alleviate it, as FDR allegedly accomplished with his New Deal? Isn’t that how security is understood? It will require government expansion but most people are led to believe it’s worth it. Besides, under a fiat monetary regime, such as most states have, the hit on its subjects’ net worth will be mostly hidden until much later, a result of the Cantillon effect, at which time there will be market actors to blame, not the government.

Instead of demanding a flat sum immediately such as a sales tax imposes, the state has an ingenious theft installment plan of which most people are unaware. The Federal Reserve’s Open Market Committee has as policy an innocent-sounding target of a 2 percent inflation rate, translated as a 2 percent hit on the purchasing power of the dollar that is achieved by creating money ex nihilo—out of nothing, like a child playing make believe, only these children are considered the best and the brightest so are obliged to do it in a very circuitous way by adjusting something called the federal funds rate. Fed monetary inflation is sometimes augmented with higher taxes on the rich that slides down to the middle and lower classes who are mostly puzzled at this outcome. As for the benefit of state expansion, the combination of welfare and warfare has worked every time. At home it helps the “needy” often on the basis of their support for the current regime, abroad it devastates lives and destroys critical infrastructure to impose political ideals on people who don’t want them, always with the threat of blowback.

All this is how the state provides protection to ensure the freedom and well-being of its subjects. For this difficult task it claims a legal monopoly on the use of force. Monopoly defined:

A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.

The “particular product or service” a state allegedly provides is protection of your status as a human being. Did you vote to be under rule by a state? No. Did you vote for the particular constitutional state now in effect? No, your ancestors did. The Constitutional US replaced the Articles US by means of a quiet coup d’etat. Pro-Constitution delegates in 1787 argued that their purpose was “to render the federal constitution adequate to the exigencies of Government and the preservation of the Union [i.e., the State]” which they claimed justified ditching the Articles. In their view, an adequate government required a monopoly central state with the power to tax.

Americans have always inveighed against monopolies, usually without making a distinction between coercive and non-coercive monopolies. Problems emerge when coercive monopolies have the force of law behind them.

In the late 19th century, for example, voluntary cartel agreements couldn’t establish the market control big business wanted so they turned to the state, the mother of all coercive monopolies, to get the legal advantages they wanted.

Always, the legal establishment of monopolies that began with the creation of the federal government was done under the moral umbrella of the public interest. The Constitution’s preamble gives it away, that it was created by “We the People . . . to promote the general Welfare . . .” A person genuinely concerned with the general welfare of the country would not agree to assign that task to the state, the historical record of which is anything but a promoter of its subjects’ welfare.

The idea of eternal vigilance suggests the task of keeping the state in line, of keeping it from overstepping its boundaries. But ask yourself: what boundaries does a nuclear superpower have today? We would be far more effective in elaborating the raw essence of any state and its threat not just to our freedom but to our lives.



Source link

Tags: Eternalproblemvigilance
ShareTweetShare
Previous Post

Mortgage Rates Today, Monday, April 27: Higher Amid Uncertainty

Next Post

Shapir mulls buying control of Ashdod Refinery for NIS 1b

Related Posts

The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

by theadvisertimes.com
August 8, 2026
0

I have reported that Trump was mislead into this unwinnable war with Iran, which has been planning for it since...

Market Talk – August 7, 2026

Market Talk – August 7, 2026

by theadvisertimes.com
August 7, 2026
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 76.55 points or -0.12% to...

Jobs report July 2026:

Jobs report July 2026:

by theadvisertimes.com
August 7, 2026
0

The U.S. economy saw an unexpected declined in jobs during July while the unemployment rate edged lower, the Bureau of...

Here are three key takeaways from the disappointing July jobs report

Here are three key takeaways from the disappointing July jobs report

by theadvisertimes.com
August 7, 2026
0

Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair...

Coffee Break: Gene Editing Gone Wrong, Plants that Eat Animals, and a Neanderthal Gene that Makes a Difference

Coffee Break: Gene Editing Gone Wrong, Plants that Eat Animals, and a Neanderthal Gene that Makes a Difference

by theadvisertimes.com
August 7, 2026
0

Part the First: If You Stretch Biomedical Science Too Far It Breaks, Every Time.  Gene editing using CRISPR technology has...

What Did You Expect? | Mises Institute

What Did You Expect? | Mises Institute

by theadvisertimes.com
August 7, 2026
0

As Murray Rothbard pointed out again and again, the government has no business getting involved in education. In a free...

Next Post
Shapir mulls buying control of Ashdod Refinery for NIS 1b

Shapir mulls buying control of Ashdod Refinery for NIS 1b

Protagonist Therapeutics Inc. (PTGX): Billionaire Joe Edelman Likes This Stock

Protagonist Therapeutics Inc. (PTGX): Billionaire Joe Edelman Likes This Stock

  • Trending
  • Comments
  • Latest
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

August 7, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
Kellogg’s Back to School Snacks Instant Savings: Save  off  Purchase + Deal Scenario!

Kellogg’s Back to School Snacks Instant Savings: Save $10 off $35 Purchase + Deal Scenario!

August 6, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

July 27, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.