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" "Essentially, economic analysis consists of: (1) an understanding of the categories of action and an understanding of the meaning of a change in values, costs, technological knowledge, etc.; (2) a description of a situation in which these categories assume concrete meaning, where definite people are identified as actors with definite objects specified as their means of action, with definite goals identified as values and definite things specified as costs; and (3) a deduction of the consequences that result from the performance of some specified action in this situation, or of the consequences that result for an actor if this situation is changed in a specified way. And this deduction must yield a priori-valid conclusions, provided there is no flaw in the very process of deduction and the situation and the change introduced into it being given, and a priori—valid conclusions about reality if the situation and situation—change, as described, can themselves be identified as real, because then their validity would ultimately go back to the indisputable validity of the categories of action.
Hans-Hermann Hoppe (born 2 September 1949) was an Austrian school economist, an anarcho-capitalist philosopher, and a professor at the University of Nevada, Las Vegas.
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According to the pronouncements of our state rulers and their intellectual bodyguards (of whom there are more than ever before), we are better protected and more secure than ever. We are supposedly protected from global warming and cooling, from the extinction of animals and plants, from the abuses of husbands and wives, parents and employers, from poverty, disease, disaster, ignorance, prejudice, racism, sexism, homophobia, and countless other public enemies and dangers. In fact, however, matters are strikingly different. In order to provide us with all this protection, the state managers expropriate more than 40 percent of the incomes of private producers year in and year out. Government debt and liabilities have increased without interruption, thus increasing the need for future expropriations. Owing to the substitution of government paper money for gold, financial insecurity has increased sharply, and we are continually robbed through currency depreciation. Every detail of private life, property, trade, and contract is regulated by ever higher mountains of laws legislation), thereby creating permanent legal uncertainty and moral hazard. In particular, we have been gradually stripped of the right to exclusion implied in the very concept of private property. … In short, the more the state has increased its expenditures on social security and public safety, the more our private property rights have been eroded, the more our property has been expropriated, confiscated, destroyed, or depreciated, and the more we have been deprived of the very foundation of all protection: economic independence, financial strength, and personal wealth.
...bums and inferior people will likely support his egalitarian policies, whereas geniuses and superior people will not. For [this] reason...a democratic ruler undertakes little to actively expel those people whose presence within the country constitutes a negative externality (human trash which drives individual property values down).
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The recognition that traditional family-based moral and the existing welfare institutions are incompatible is one of the cornerstones of the national capitalist program. If one wants to restore traditional morals, then the entire structure of social security schemes must be dismantled, root and branch. The current internationalist-countercultural ideological superstructure is largely the result of the successive destruction of the economic substructure of private households - and household economics and family welfare - by compulsory ‘social’ economics and welfare. If one wants to get rid of the countercultural superstructure, first and foremost its economic basis - the socialist core institutions - must be eliminated, and households and families must be restored to their traditional economic function.