Mark A. Monoscalco

A clip from my appearance on The Tom Woods Show podcast #2745 youtu.be/1ghB3xL3oZk?si…

This video clip is from the Tom Woods Show podcast #2745. youtu.be/1ghB3xL3oZk?si…

What is your definition of individual liberty?

@JohnStossel @realDonaldTrump grassrootinstitute.org/wp-content/upl…

Today @realDonaldTrump waived the "Jones Act” because the war increased the price of oil. The Jones Act raises all sorts of prices by giving U.S. shipping companies special treatment. But it shouldn’t be waived for 60 days. Here’s why it should be killed for good.

But it is not the capital employed that creates profits and losses. Capital does not “beget profit” as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss. It is mental acts, the mind of the entrepreneur, from which profits ultimately originate. Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon. Ludwig von Mises, “Profit and Loss,” 1951

Profit is better understood as a verb, not as a noun. It is the gain from activity, the motivation for undertaking it and what keeps supporting it (until it doesn't) while underway. Seen as merely the "residual" after the (f)act, it is only retrospective and not instructive.

I think that the early Gaelic civilizations of Ireland qualify as a successful example of a pure market-anarchist society. During this period society was divided into small units known as a túath. These were kingdoms, or land ruled by a chieftain, consisting of several extended families or clans bound together by social, economic, and kinship ties. Each túath operated as a purely stateless society, with no legislature, no sheriff, no police, and no public enforcement of justice.

libertarianinstitute.org/articles/tgif-… @LibertarianInst

@cboyack @kidsmarkets Aloha!

So @kidsmarkets has launched in Hawaii and now I feel like I need to go see for myself… BTW we're now in every state; over 2,000 events next year helping 100k+ kids get into entrepreneurship!

According to ex-climate alarmist Tom Harris, wind turbines "require a backup fossil fuel plant that continues burning 90% of the time, making the wind turbine largely unnecessary and, in essence, just for show". "This is a far cry from the environmentally friendly image that is presented to the public."

Remember the Spanish blackouts? An official report is out, confirming the cause. Surprise: It's solar/wind. Solar/wind failed en masse due to a problem with grid voltage/frequency—and thanks to anti-fossil-fuel policies, there wasn't enough reliable backup to recover the grid.

I encountered a political protest in the streets of Seoul tonight. It reminded me of Obi-Wan Kenobi's warning to Darth Vader: "If you strike me down, I shall become more powerful than you can possibly imagine."

Only the individual thinks, chooses and acts. youtube.com/watch?v=m_an4V…

“If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action.” - Ludwig von Mises

Nobody for Fed Chairman

The market, not an unelected bureaucrat at the Fed, should be deciding interest rates.  Even more reason we need to audit the Federal Reserve.

The national debt is over $37 trillion. Here’s how the national debt will increase over the next 15 years if Washington doesn’t get a handle on its reckless spending.

Waikiki before the tsunami.