Austrian Revivalist / Austrian Revivalist is on Nostr

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Last Notes

2025-04-16 10:07:57

•Amend and butcher the constitution for 23 years post ratification
•Pass horrible laws unchallenged
•Introduce the basic structure doctrine
•Amendments and butchering cannot be undone now
•Which means horrible laws cannot be repealed easily
•Hold up the constitution like its some sacred book that protects the rights of Indians
Atleast it was clear and obvious that Indians were being robbed, bamboozled and duped when the Brits were here 🤣

2025-03-29 21:34:37

Take an economic issue in India.
For example: tax relief, GDP growth, freebies or export subsidies.
Tell an LLM (or preferably multiple ones, Chatgpt, Grok, Claude, etc.) the following:
"Give me a history and current status of (insert issue) in India and relevant laws and analyse them from the following perspectives:
•Keynesian
•Neoclassical
•Marxist
•Socialist
•Austrian school
•Chicago school
•Public choice
•Libertarian
•Misesian
•Rothbardian
Recommend books and references for each. Mention perspectives I might have missed"
Anyone can be smart and well-informed 🤝

2025-03-28 10:21:03

Socialists always talk about the stock market as the source of evil capitalist corporate greed, a source of entrenched inequality and environmental destruction that must be taxed, supervised and regulated.
But rarely, like very rarely, do they talk about the bond market, which is way bigger, murkier, more exploitative, exclusive, manipulated and the *actual* source of all the problems they cry about on a daily basis.
Wonder why
Maybe because it exposes government greed to be far more insidious.
Maybe because 'the means of production' of money and credit being controlled by the government will start being questioned by the masses 🙃

2025-03-24 19:55:13

I think the future is bright orange.
I want to find, socialise and connect with genuine people.
Get more religious maybe.
Try to Become more close to my family.
Hopefully become more healthy, fit and have a better lifestyle.
Correct my eating and sleeping habits.
Avoid instant gratification activities and make things easier for my future self.
I think fiat and the state will die a slow death.
But I don't want to die a fast and miserable one just because they exist and I don't like them and those who support them.

2025-03-24 18:31:21

Talking to strangers with no IRL mutuals who are close to me is a weird personal experiment I'd like to end for good. A few interactions have left a permanently bad impression. I don't think Nostr fixes this for me.
Would rather go back to sending reels back and forth with so-called 'normies' who can atleast be trusted to be predictable and normal.

2025-03-23 06:34:51

It's not the masses who are broken.
It's the intellectuals. It's always them, with their broken methodologies and worldviews.

2025-03-18 20:58:36

Here's a list of some of the laws passed since 'independence' by the Indian government that curtailed individual liberty in India and a short description of how they do so.
Each of these laws increased state aggression over economic, social, and personal freedoms.
1. Constitutional Amendments & Laws Curtailing Freedom
First Amendment Act, 1951
Effect: Limited free speech by introducing "reasonable restrictions" under Article 19(2). Allowed curbs on property rights by enabling laws to place restrictions on land ownership.
Why it curtails freedom: It weakened property rights and free speech protections, setting a precedent for future government overreach.
Fourth Amendment Act, 1955
Effect: Further restricted property rights by allowing compulsory acquisition of property without adequate compensation.
Why it curtails freedom: Strengthened state intervention in property rights, undermining economic freedom.
Seventeenth Amendment Act, 1964
Effect: Expanded the Ninth Schedule to shield land reform laws from judicial review.
Why it curtails freedom: Allowed laws that violated property rights and contract freedoms to remain beyond legal challenge.
Forty-Second Amendment Act, 1976
Effect: Added the words "socialist" and "secular" to the Preamble, made Directive Principles of State Policy (Part IV) more enforceable, and curtailed judicial review.
Why it curtails freedom: Imposed a collectivist vision on India, subordinating individual rights to state control in policy-making.
Forty-Fourth Amendment Act, 1978
Effect: Removed the right to property as a fundamental right, reducing it to a legal right under Article 300A.
Why it curtails freedom: Allowed government to seize private property with minimal legal recourse.
2. Laws Expanding Bureaucratic Control
Reserve Bank of India Act, 1934 (as amended post-1947)
Effect: Granted the RBI extensive monetary control, including monopoly over currency issuance.
Why it curtails freedom: Prevents free banking and competition in money issuance, forcing reliance on fiat currency.
The Hindu Religious and Charitable Endowments (HR&CE) Acts (various state laws post-1950s)
Effect: Gave the state control over Hindu temples, while similar controls were not imposed on other religious institutions.
Why it curtails freedom: Violates property rights and religious freedom by restricting Hindus' management of their temples.
Industries (Development and Regulation) Act, 1951
Effect: Required private industries to obtain licenses for establishment, expansion, and production.
Why it curtails freedom: Created the "License Raj," stifling entrepreneurship and economic competition.
Agricultural Produce Market Committee (APMC) Acts (various state laws, 1950s-1970s)
Effect: Mandated farmers to sell produce only in government-regulated mandis.
Why it curtails freedom: Eliminated free market competition in agriculture, reducing farmers' bargaining power.
State Bank of India Act, 1955
Effect: Nationalized the Imperial Bank of India and converted it into SBI, a state-owned entity.
Why it curtails freedom: Expanded state control over banking, reducing private sector participation in finance.
Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1969 and 1980
Effect: Nationalized 14 major private banks (1969) and later 6 more (1980).
Why it curtails freedom: Destroyed financial competition, leading to inefficiency and government misallocation of credit.
Securities Contracts (Regulation) Act, 1956
Effect: Gave the government control over stock exchanges and their functioning.
Why it curtails freedom: Restricted the free operation of financial markets.
Essential Commodities Act, 1955
Effect: Allowed the government to control production, supply, and distribution of essential goods.
Why it curtails freedom: Led to shortages and black markets due to artificial price controls.
Urban Land (Ceiling and Regulation) Act, 1976
Effect: Limited private ownership of urban land.
Why it curtails freedom: Prevented efficient land use, contributing to real estate shortages and high housing costs.
Land Acquisition Act, 1894 (amended in 1984)
Effect: Gave the state broad powers to acquire private land for "public purpose."
Why it curtails freedom: Allowed forced land seizures with minimal compensation.
Foreign Exchange Regulation Act (FERA), 1973
Effect: Severely restricted foreign exchange transactions and capital movements.
Why it curtails freedom: Prevented Indians from freely holding and transacting in foreign currencies.
FERA still persists in a different from through the FEMA act.
Foreign Exchange Management Act (FEMA), 1999
Effect: Replaced FERA but retained restrictions on foreign exchange transactions, requiring RBI and government approval for various cross-border financial activities.
Why it curtails freedom: Continues to limit Indians' ability to freely hold and transact in foreign currencies, restricting financial sovereignty.
Black Money (Undisclosed Foreign Income and Assets) Act, 2015
Effect: Criminalized undisclosed foreign assets and income with harsh penalties.
Why it curtails freedom: Targeted financial privacy and assumed guilt before proving wrongdoing, violating due process.
Arms Act, 1959 (Amended in 2019)
Effect: Reduced the number of legally permitted firearms per person from three to one, making gun ownership harder.
Why it curtails freedom: Undermines self-defense rights by making it nearly impossible for law-abiding citizens to own weapons.
Personal Freedom Restrictions
Arms Act, 1959
Effect: Introduced strict gun licensing requirements.
Why it curtails freedom: Made self-defense difficult for law-abiding citizens.
Prevention of Money Laundering Act (PMLA), 2002 (Expanded in 2019 & 2022)
Effect: Empowers the Enforcement Directorate (ED) to seize assets, arrest individuals without formal charges, and conduct searches without warrants under the pretext of fighting financial crimes.
Why it curtails freedom: Enables state overreach by bypassing legal safeguards, reversing the burden of proof onto the accused, violating due process.
Telecommunications Act, 2023
Effect: Grants the government the power to intercept, monitor, and block telecommunications services on vague grounds like "national security" and "public emergency."
Why it curtails freedom: Effectively legalizes mass surveillance, restricts internet freedom, and enables arbitrary shutdowns of communication networks.
3. Taxation & Economic Control Laws
Finance Acts (Annual Budgets)
Income Tax Act, 1961
Effect: Introduced direct taxation with progressive rates.
Why it curtails freedom: Penalized wealth accumulation, reducing incentives for productivity.
Customs Act, 1962 & Central Excise Act, 1944 (Expanded post-1947)
Effect: Imposed heavy duties on imports and production.
Why it curtails freedom: Restricted free trade, increasing costs for consumers and businesses.
Gift Tax Act, 1958
Effect: Taxed personal gifts above a certain threshold.
Why it curtails freedom: Penalized voluntary wealth transfers.
Wealth Tax Act, 1957
Effect: Taxed individuals on their total wealth holdings.
Why it curtails freedom: Disincentivized long-term wealth accumulation.
The Prevention of Insults to National Honour Act, 1971
Effect: Criminalized acts like disrespecting the national flag or anthem.
Why it curtails freedom: Imposed restrictions on expression and political dissent.
Foreign Contribution (Regulation) Act (FCRA), 1976
Effect: Restricted NGOs and individuals from receiving foreign donations without government approval.
Why it curtails freedom: Limited financial independence and voluntary funding for organizations.
Income Tax Informants Reward Scheme (Revised 2018)
Effect: Rewards individuals for reporting tax evasion, allowing the government to incentivize informants.
Why it curtails freedom: Creates an environment of state-sanctioned surveillance where individuals can be targeted based on allegations, leading to misuse and harassment.
Income Tax (Amendments Post-1991)
Effect: Expanded tax collection powers, including provisions allowing retrospective taxation and criminal penalties for minor compliance failures.
Why it curtails freedom: Increases government control over private wealth, creating uncertainty for businesses and individuals.

2025-03-17 19:21:30

Socialists and statists have it so easy.
•Create a group identity or cultural history that spans as many people as possible.
•Create an out group who are the enemies.
•Make up a bunch of statistics by using useful idiots in the field of empirical economics, logical positivism and historicism.
•Find out shared problems that your target group thinks is important.
•Blame it on the out group as the cause for all their problems.
•Use rhetoric that appeals to emotions. (Anger and resentment are the most effective.)
•Set up media, education and entertainment pipelines for propaganda. News channels, movie and tv production houses, universities, school syllabus, online brands, podcasts, etc.
That's it. They now have an army of people who are morally and ethically bankrupt and will be okay with almost any political action as long as they think it benefits them somehow.
Libertarians on the other hand fight among themselves endlessly and make sure that their ideas are refined, irrefutable and logically consistent. They lose alliances because of in-fighting, slowing down the movement further.
They never stoop down to the level of populists even though the state is the best outgroup to be angry at and resentful of. And non-aggressing people are the most peaceful in-group to identify with.
They need to articulate and make people understand the logic of human action and the ethics of private property and self-ownership. They need to justify why victimless crimes cannot be legally prosecuted. They need to educate people about the seen and unseen effects of economic planning and intervention. They need people to be reasonable or get them to discover their reasoning faculty.
They are on the right side of history, but yet their ideas don't become as mainstream as they want it to be.
They have it tough.

2025-03-17 18:35:12

This is a bit speculative:
I don't think Sowell, Friedman or Hayek will find much acceptance by the wider Tamil populace even if they're translated.
Mises would, if explained well. It's tough. But praxeology, methodological individualism would require a mastery of Tamil.
Hoppe, maybe. Also tough. Kantian ideas and argumentation ethics are a challenge. Will have to go through Tamil philosophy in depth.
But Rothbard. Boy would HE be accepted readily.

2025-03-16 23:23:44

If one ever reads classical liberal/libertarian and Austrian economics literature, he'll realise that most kids in India are being indoctrinated in their social science classes.
The syllabi are actively taking a political and methodological stance and presenting one side as the 'right one'.
All of the Marxist, positivist, socialist, keynesian and neoclassical drivel that infects Indian society, movies, economic policies and politics start from the classrooms. They get them young. And if you took the syllabus seriously, they got you young. If you didn't, then bless you.
Government education is one of the worst experiments mankind has invented. Cultural destructionism and re-education is being presented as social justice and upliftment.
Forget language policy. We need to be questioning whether the Indian government should be involved in education at all.

2025-03-16 19:55:47

If you're living in a country surrounded by resentful, mentally ill socialists who keep demanding that the government steal more from you and distribute it to them:
Seek and speak the truth.
Build a peaceful and parallel society on the foundations of the non-aggressiom principle that the government cannot see.
Treasure your relationships, try to form new ones, strengthen the old ones.
Build trust.
Learn to articulate yourself.
Spread the word about liberty.
Physically, mentally and spiritually remove socialism and mentally ill socialists from your life.
Embrace personal and individual responsibility.
Get really good at what you do.
Save like a crazy person.
Accumulate and create capital.
Learn the mystery and beauty of capital. Read a lot of Mises and Rothbard.

2025-03-16 16:28:51

What's not mentioned in this graph is the fact that the first, second and third order effects of government-controlled money, banking and credit is what is still giving a lifeline for socialist ideas and policies to remain relevant. Gold's re-emergence and Bitcoin will cut that off as well. The death of socialism in the 21st century will be glorious. https://image.nostr.build/8131cfb00b043cb78b21ead91fbfebb071ed6e4faae42d7ae49fa6cc439c547f.jpg

2025-03-15 15:24:48

A list of Indian laws passed between 1947 and 1991 that curtailed individual freedom in India.
Each of these laws increased state control over economic, social, and personal freedoms.
1. Constitutional Amendments & Laws Curtailing Freedom
First Amendment Act, 1951
Effect: Limited free speech by introducing "reasonable restrictions" under Article 19(2). Allowed curbs on property rights by enabling laws to place restrictions on land ownership.
Why it curtails freedom: It weakened property rights and free speech protections, setting a precedent for future government overreach.
Fourth Amendment Act, 1955
Effect: Further restricted property rights by allowing compulsory acquisition of property without adequate compensation.
Why it curtails freedom: Strengthened state intervention in property rights, undermining economic freedom.
Seventeenth Amendment Act, 1964
Effect: Expanded the Ninth Schedule to shield land reform laws from judicial review.
Why it curtails freedom: Allowed laws that violated property rights and contract freedoms to remain beyond legal challenge.
Forty-Second Amendment Act, 1976
Effect: Added the words "socialist" and "secular" to the Preamble, made Directive Principles of State Policy (Part IV) more enforceable, and curtailed judicial review.
Why it curtails freedom: Imposed a collectivist vision on India, subordinating individual rights to state control.
Forty-Fourth Amendment Act, 1978
Effect: Removed the right to property as a fundamental right, reducing it to a legal right under Article 300A.
Why it curtails freedom: Allowed government to seize private property with minimal legal recourse.
Eighth Schedule Expansion (1950s-1990s)
Effect: Strengthened Part 17 (Official Language) by expanding the list of recognized languages.
Why it curtails freedom: Increased linguistic centralization, which limited free expression and economic opportunities for non-Hindi speakers.
2. Laws Expanding Bureaucratic Control
Reserve Bank of India Act, 1934 (as amended post-1947)
Effect: Granted the RBI extensive monetary control, including monopoly over currency issuance.
Why it curtails freedom: Prevents free banking and competition in money issuance, forcing reliance on fiat currency.
The Hindu Religious and Charitable Endowments (HR&CE) Acts (various state laws post-1950s)
Effect: Gave the state control over Hindu temples, while similar controls were not imposed on other religious institutions.
Why it curtails freedom: Violates property rights and religious freedom by restricting Hindus' management of their temples.
Industries (Development and Regulation) Act, 1951
Effect: Required private industries to obtain licenses for establishment, expansion, and production.
Why it curtails freedom: Created the "License Raj," stifling entrepreneurship and economic competition.
Agricultural Produce Market Committee (APMC) Acts (various state laws, 1950s-1970s)
Effect: Mandated farmers to sell produce only in government-regulated mandis.
Why it curtails freedom: Eliminated free market competition in agriculture, reducing farmers' bargaining power.
State Bank of India Act, 1955
Effect: Nationalized the Imperial Bank of India and converted it into SBI, a state-owned entity.
Why it curtails freedom: Expanded state control over banking, reducing private sector participation in finance.
Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1969 and 1980
Effect: Nationalized 14 major private banks (1969) and later 6 more (1980).
Why it curtails freedom: Destroyed financial competition, leading to inefficiency and government misallocation of credit.
Securities Contracts (Regulation) Act, 1956
Effect: Gave the government control over stock exchanges and their functioning.
Why it curtails freedom: Restricted the free operation of financial markets.
Essential Commodities Act, 1955
Effect: Allowed the government to control production, supply, and distribution of essential goods.
Why it curtails freedom: Led to shortages and black markets due to artificial price controls.
Urban Land (Ceiling and Regulation) Act, 1976
Effect: Limited private ownership of urban land.
Why it curtails freedom: Prevented efficient land use, contributing to real estate shortages and high housing costs.
Land Acquisition Act, 1894 (amended in 1984)
Effect: Gave the state broad powers to acquire private land for "public purpose."
Why it curtails freedom: Allowed forced land seizures with minimal compensation.
Foreign Exchange Regulation Act (FERA), 1973
Effect: Severely restricted foreign exchange transactions and capital movements.
Why it curtails freedom: Prevented Indians from freely holding and transacting in foreign currencies.
3. Taxation & Economic Control Laws
Finance Acts (Annual Budgets)
Income Tax Act, 1961
Effect: Introduced direct taxation with progressive rates.
Why it curtails freedom: Penalized wealth accumulation, reducing incentives for productivity.
Customs Act, 1962 & Central Excise Act, 1944 (Expanded post-1947)
Effect: Imposed heavy duties on imports and production.
Why it curtails freedom: Restricted free trade, increasing costs for consumers and businesses.
Gift Tax Act, 1958
Effect: Taxed personal gifts above a certain threshold.
Why it curtails freedom: Penalized voluntary wealth transfers.
Wealth Tax Act, 1957
Effect: Taxed individuals on their total wealth holdings.
Why it curtails freedom: Disincentivized long-term wealth accumulation.
4. Personal Freedom Restrictions
Arms Act, 1959
Effect: Introduced strict gun licensing requirements.
Why it curtails freedom: Made self-defense difficult for law-abiding citizens.
The Prevention of Insults to National Honour Act, 1971
Effect: Criminalized acts like disrespecting the national flag or anthem.
Why it curtails freedom: Imposed restrictions on expression and political dissent.
Foreign Contribution (Regulation) Act (FCRA), 1976
Effect: Restricted NGOs and individuals from receiving foreign donations without government approval.
Why it curtails freedom: Limited financial independence and voluntary funding for organizations.

2025-03-02 12:06:50

Today's the birth anniversary of one of the greatest economists, legal and political theorists of all time: Murray Rothbard.
His work will become increasingly relevant in the coming years. And the world will be better for it. https://image.nostr.build/32e9a487837f993cdff697684e4f8a8daf89149fc10d14463873cee9af2c7820.jpg

2025-03-02 07:24:15

Delimit how much land we can own.
Delimit what we can do with our land.
Delimit how much taxes we can evade.
Delimt what we can import and export.
Delimit what we can say in public.
Delimit what currencies we can use.
Delimit how much we can price things.
Limit the government.
Limit the bureaucracy.
Limit the taxes.
Limit the spending.
Limit the money printing.
Limit the licenses and permits.
Limit the surveillance.
More seats isn't going to solve anything.
What we need is less government, not more of it.