Oct 9, 2025

Murray Rothbard on the Constitution

Overall, it should be evident that the Constitution was a counterrevolutionary reaction to the libertarianism and decentralization embodied in the American Revolution.  The Antifederalists, supporting states’ rights and critical of a strong national government, were decisively beaten by the Federalists, who wanted such a polity under the guise of democracy in order to enhance their own interests and institute a British-style mercantilism over the country.  Most historians have taken the side of the Federalists because they support a strong national government that has the power to tax and regulate, call forth armies and invade other countries, and cripple the power of the states.  The enactment of the Constitution in 1788 drastically changed the course of American history from its natural decentralized and libertarian direction to an omnipresent leviathan that fulfilled all of the Antifederalists’ fears.  With the ratification of the Constitution and the Bill of Rights, the new government was now a fact and the Antifederalists would never again agitate for another constitutional convention to weaken American national power and return to a more decentralized and restrained polity.  From now on American liberals, relying on the Bill of Rights and the Tenth Amendment, would go forth and do battle for Liberty and against Power within the framework of the American Constitution as states’-righters and Constitutionalists.  Their battle would be a long and gallant one, but ultimately doomed to fail, for by accepting the Constitution, the liberals would only play with dice loaded implacably against them.  The Constitution, with its inherently broad powers and elastic clauses, would increasingly support an ever larger and more powerful central government. In the long run, the liberals, though they could and did run a gallant race, were doomed to lose—and lose indeed they did.

~ Murray Rothbard

(As quoted by Lew Rockwell, "Rothbard on the Constitution," Mises Wire, October 9, 2025.)

The Bill of Rights (Amendments 1 - 10) 

 

Oct 8, 2025

Dan Ferris and Corey McLaughlin: Is Duffy the only bull on China?

Ferris: He [Kevin Duffy], if I'm not mistaken, is the only person who says China is an opportunity...  Everybody else says it's uninvestable, one guy like Kevin says buy.

 McLaughlin: It's funny because a month or two ago when we interviewed Brett Eversole... and we were talking about cheap, hated and in an uptrend, after that episode I got a message from Kevin on Twitter... "Hey, what about China?"

~ Dan Ferris and Corey McLaughlin, "China Isn't the Enemy - It's an Investing Opportunity," Stansberry Investor Hour, October 6, 2025

Chinese stocks ... 

Kevin Duffy on history

Looking at history, it's like this movie that's unfolding.  If we understand history, we get a sense for how this movie, not how it ends, but where it's going.  We don't necessarily know all of the plot twists along the way; those may be a little more difficult to figure out.

~ Kevin Duffy, "China Isn't the Enemy - It's an Investing Opportunity," Stansberry Investor Hour, October 6, 2025