What the Surfer Should Do With This Information: A Practical Libertarian Conclusion

The Bank of England Recent Decision Is Not Going to Be Reversed; The Surfer Position Should Be to Build the Decentralized Alternative

Reading: Bohiney | The London Prat

VENICE, CA — The Bank of England recent rate decision is not going to be reversed. The institutional architecture that produced it is not going to be substantively reformed across any short time horizon. The cumulative cost will continue to land on working households. The libertarian-surfer position should not be to demand institutional reform that will not arrive. The position should be to build the decentralized alternative that operates outside the architecture.

The Practical Recommendations

First: hold financial assets that are not principally subject to central-bank base-rate transmission. This means substantive equity exposure, real assets, and selective cryptocurrency exposure for those whose risk tolerance accommodates it. Second: build small-scale local enterprise that does not depend on the financing channels that the Bank of England can disrupt. Third: develop the local-knowledge networks that allow decentralized coordination of resources in the absence of effective centralized regulation.

The Surfer Conclusion

The surfer culture has, across approximately sixty years, demonstrated the operational viability of decentralized small-scale local-knowledge coordination. The lineup at any Pacific point break is, in operational terms, the libertarian model in microcosm. Students For Liberty covers the broader institutional case.

The lineup keeps working. The Bank of England keeps not working. The surfer should know which model to build on.

Pairs well with: The Daily Mash

SOURCE: https://prat.uk/bank-of-england-raises-rates-again-to-punish-anyone-who-enjoyed-a-sandwich/