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Bitcoin opponents lose a talking point

Many opponents of bitcoin express fears that it increases crime because bitcoin payments are untraceable. A story in the June 8, 2021 Wall Street Journal disputes that claim when explaining how the Feds recovered part of the ransom that Colonial Pipeline paid:

Do Conservatives have Priorities?

An article by Steven Greenhut was republished on Reason.com

Excerpts:

…a pro-Trump website argued that libertarians such as myself ought to stop supporting third-party candidates and join their side in an effort to stand up to the Left—something of urgency now that Democrats control the presidency, the House of Representatives and the U.S. Senate. 

These days, that’s a non-persuasive argument given that the GOP has embraced many policy positions—and attitudes—that have little to do with advancing human liberty. Throughout my career, conservatives and libertarians have been allies on many issues and at odds on others, but now we’re like residents of different planets.

The Trump era solidified long-brewing changes in the conservative movement, as it moved toward a more European-style approach that wasn’t concerned about limits on government power. Trump wasn’t a political thinker, but a marketing savant who tapped into popular and often-legitimate resentments of the increasingly “woke” Left.

Republican politicians mostly stood by Trump, even as he shattered democratic norms and reshaped conservative policy prescriptions, less out of fear of Trump himself and more out of fear of the conservative grassroots voter. What does it even mean to be a conservative these days?

In 2020, the GOP dispensed with its platform and passed a resolution stating its enthusiast support for the president’s agenda. Party platforms are unenforceable, but they provide the faithful with an opportunity to create a mission statement. Apparently, being a conservative now means supporting whatever the leader happens to believe.

Effect of Big Corporations

Chis Carlton give his view How the Progressives Conquered Corporate America | Mises Wire

Except:

… the concern over the concentrated influence of corporate special interests that Berle and Means articulated (Adolf A. Berle and Gardiner C. Means, The Modern Corporation and Private Property (New York: Routledge, 2017), 5.) is valid, but not because corporate special interests will prevent economic regulation, but because they consistently agitate for it. Little has changed in the past century. Corporate executives continue to agitate for favorable regulations, contrary to the media narrative, as we see in Big Tech’s support of net neutrality and, most recently, calls from hedge fund managers for government intervention in the stock market after millions of small investors drove up the stock of GameStop. Patrick Newman recently posed the question, “Are we on the cusp of a new Progressive Era?

Capitol Rioters Not Libertarian

From a FEE article by James Payne: Were the Capitol Rioters Really Libertarians? – Foundation for Economic Education (fee.org)

Excerpts:

“To call an ardent, violent Trump supporter a “libertarian” departs substantially from the traditional meaning of the term.

The confusion stems from two very different conceptions of what it means to be “against government.” In the typical partisan battle, the agitators are against the particular people in charge of the current government: they are challenging King George, Tsar Nicolas II, Nancy Pelosi. They do not question the idea of government itself. They believe that when controlled by people with good intentions—namely themselves—the government solves problems and improves the human condition. Once they displace the incumbents, the dissenters will set up their own government, giving it large, and growing, responsibilities.

The other conception of being “against government” is the position that government itself is not a moral, rational, and responsible problem-solving agency, no matter who tries to run it. Therefore, we should—prudently and thoughtfully—move away from our dependence on it. This is the libertarian perspective.”