Vol. I · Edition One Fiat Libertas · Ruat Caelum MMXXVI · 2026

On Liberty

论 自 由

A manifesto in ten sections — from first principles to the frontiers of cryptographic freedom.
Compiled in the tradition of Bastiat, Mill, Hayek, and the cypherpunks who came after.

Prologue · The Creed

"The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings capable of laws, where there is no law, there is no freedom."

— John Locke, Second Treatise of Government, 1689

Every person owns themselves. From this single fact, not granted by state nor church nor majority, the whole architecture of liberty unfolds.

A just society is one whose rules a stranger would consent to before knowing their place within it — and which she may leave at will, with her property and her children, to try another.

Power concentrates, always. Markets decentralise it; constitutions fence it; exit disciplines it. Where none of the three obtains, tyranny follows on schedule.

Wealth is not zero-sum. It is the residue of voluntary exchange compounded across generations. To tax it without limit is to tax the future without its vote.

The only peaceful coordination mechanism humanity has ever discovered at scale is the price system. Central planners substitute one mind for millions and are always surprised by the result.

Liberty is not an end. It is the condition under which ends — our ends, not theirs — may be pursued.

I

First Principles 第 一 原 则

§ 01
Axioms of the
Free Person
AXIOM · 01

Self-Ownership 自 我 所 有

You own your body, your mind, and the fruits of their labour. Any claim against this ownership must be purchased in voluntary exchange or forfeited by one's own aggression. This is the axiom before all others.

AXIOM · 02

The Non-Aggression Principle 不 侵 犯 原 则

No one may initiate force, threat of force, or fraud against the person or property of another. Defence is permitted; aggression is not. This simple rule, consistently applied, dissolves the vast majority of what the state calls "law."

AXIOM · 03

Homesteading & Property 先 占 与 财 产

Unowned resources become property when a person mixes their labour with them. Once acquired, property may be held, sold, gifted, or bequeathed without permission. Property is the material condition of liberty; without it, speech and assembly are performances held at the pleasure of whoever owns the hall.

AXIOM · 04

Voluntary Exchange 自 愿 交 换

Every peaceful trade is mutually beneficial ex ante — otherwise neither party would consent. The market is the only mechanism that records, in real time, billions of such judgments. It is the closest thing civilisation has to collective intelligence.

AXIOM · 05

Spontaneous Order 自 发 秩 序

Language, common law, money, and scientific inquiry were not designed — they emerged from decentralised interaction under simple rules. The world's richest orders are those we did not plan; the poorest are those we did.

AXIOM · 06

Rule of Law, Not Men 法 治 而 非 人 治

Laws must be general, known, and prospective — applying equally to ruler and ruled. A "law" aimed at a specific person or outcome is not law; it is command dressed in law's vestments.

AXIOM · 07

Exit Is Sacred 退 出 即 神 圣

Voice is a courtesy; exit is a right. Any system that forbids its members to leave — their church, their village, their country, their currency — is not a community. It is a prison with decoration.

AXIOM · 08

Epistemic Humility 认 知 谦 卑

No planner — however brilliant — commands the tacit, dispersed, and constantly changing knowledge of a single village, let alone a nation. The fatal conceit is believing otherwise. Freedom is the political form of intellectual humility.

II

The Canon 经 典 书 目

§ 02
Twelve books that
built the tradition
1689

Second Treatise of Government

John Locke

The founding charter. Natural rights, consent of the governed, and the right of revolution — all derived from self-ownership.

1776

The Wealth of Nations

Adam Smith

The invisible hand. How self-interested exchange, without benevolent design, produces collective prosperity.

1850

The Law

Frédéric Bastiat

When law becomes an instrument of plunder, society's moral compass inverts. The most damning 75 pages in political economy.

1859

On Liberty

John Stuart Mill

The harm principle: liberty may be restrained only to prevent harm to others. The canonical defence of free thought, speech, and experiment in living.

1944

The Road to Serfdom

Friedrich Hayek

Economic planning is the gateway to political tyranny — not through malice, but through the iron logic of expanding control.

1949

Human Action

Ludwig von Mises

The magnum opus. Praxeology: economics derived from the irreducible fact of purposive human action.

1946

Economics in One Lesson

Henry Hazlitt

See the unseen. Every intervention benefits someone, and nearly always at the hidden expense of someone else.

1957

Atlas Shrugged

Ayn Rand

Philosophical fiction at industrial scale. What happens when the world's producers finally refuse to subsidise their own looters.

1962

Capitalism and Freedom

Milton Friedman

Economic freedom is the precondition, not the consequence, of political freedom. School vouchers, volunteer army, negative income tax — here first.

1974

Anarchy, State, and Utopia

Robert Nozick

The minimal state, and nothing more. Entitlement theory: distributions are just if they arose through just processes, not their shape.

1982

The Ethics of Liberty

Murray Rothbard

The case for anarcho-capitalism — private property rights extended consistently to their logical terminus: no state at all.

2008

Bitcoin: A Peer-to-Peer Electronic Cash System

Satoshi Nakamoto

Nine pages that shattered the state's monopoly on money. The cypherpunks had written for decades; here, at last, the code shipped.

III

The Thinkers 思 想 家 谱

§ 03
Four centuries
of dissent
CLASSICAL · 17C

John Locke

1632 – 1704 · England

Life, liberty, property. The philosophical backbone of the American Revolution.

CLASSICAL · 18C

Adam Smith

1723 – 1790 · Scotland

Moral philosopher first, economist second. Sympathy and self-interest — both indispensable.

CLASSICAL · 18C

Thomas Paine

1737 – 1809 · USA/UK/FR

Two revolutions in one lifetime. Proved that pamphlets can overturn empires.

CLASSICAL · 19C

Frédéric Bastiat

1801 – 1850 · France

The broken window. The seen and the unseen. The first great popular economist of liberty.

CLASSICAL · 19C

John Stuart Mill

1806 – 1873 · England

The harm principle. Liberty of thought, of taste, of association — even the liberty to be wrong.

CLASSICAL · 19C

Lysander Spooner

1808 – 1887 · USA

Ran a private postal service in defiance of federal monopoly. Questioned the Constitution's binding authority over anyone who never signed it.

AUSTRIAN · 20C

Ludwig von Mises

1881 – 1973 · AT/USA

Socialism is computationally impossible; economics is a deductive science; man is a purposive actor.

AUSTRIAN · 20C

Friedrich Hayek

1899 – 1992 · AT/UK

The knowledge problem. Spontaneous order. The Nobel laureate who warned that good intentions pave the road to serfdom.

CHICAGO · 20C

Milton Friedman

1912 – 2006 · USA

Monetary theory, school choice, the all-volunteer army. Carried classical liberalism into the television age.

OBJECTIVIST · 20C

Ayn Rand

1905 – 1982 · RU/USA

Rational self-interest as moral imperative. Fled Soviet Russia to write the world's most-sold philosophical novels.

ROTHBARDIAN · 20C

Murray Rothbard

1926 – 1995 · USA

Austrian economics + Lockean ethics = anarcho-capitalism. The consistent radical of liberty.

ANALYTIC · 20C

Robert Nozick

1938 – 2002 · USA

Harvard philosopher who answered Rawls with a libertarian moral framework no egalitarian has fully refuted.

PUBLIC CHOICE · 20C

James Buchanan

1919 – 2013 · USA

Politics without romance. Bureaucrats and voters behave like everyone else — which changes the calculus entirely.

EMPIRICAL · 20C

Thomas Sowell

b. 1930 · USA

Knowledge, decisions, and the tragic vision of trade-offs. Facts over sentiment, always.

HOPPEAN · 21C

Hans-Hermann Hoppe

b. 1949 · DE/USA

Argumentation ethics. Democracy as the slow-motion tragedy of the commons applied to sovereignty.

POLITICAL · 21C

Javier Milei

b. 1970 · Argentina

First openly libertarian head of state in modern history. Proof that the ideas move countries, not just seminars.

IV

Schools of Liberty 自 由 谱 系

§ 04
The spectrum from
minarchy to anarchy
Classical Liberalism
LIMITED STATE

Locke · Smith · Mill · Bastiat · Jefferson

Constitutional Minarchism
NIGHT-WATCHMAN

Nozick · Hayek · Friedman · Rand

Market Anarchism
NO STATE · PRIVATE LAW

D. Friedman · Benson · Stringham

Anarcho-Capitalism
PROPERTY ABSOLUTE

Rothbard · Hoppe · Block · Kinsella

Agorism / Crypto-Anarchy
COUNTER-ECONOMICS

Konkin · May · Assange · Nakamoto

Libertarianism is a family, not a creed. It spans a disagreement on means (how much state) while holding constant a disagreement with nearly everyone else on ends (who gets to tell whom what to do). A classical liberal and an anarcho-capitalist argue for hours over night-watchmen and street-corner arbitrators — and then close ranks immediately the tax collector appears.

V

The Austrian Vision 奥 地 利 学 派

§ 05
Why central planning
must fail

The Knowledge Problem

The economic problem facing society is not how to allocate "given" resources. It is how to harness knowledge that no single mind possesses — the particular, fleeting, local knowledge of time and place held by millions of traders, workers, and consumers.

Prices are the mechanism by which this dispersed knowledge is condensed into a single number and broadcast instantly to everyone who cares. A planner, no matter how brilliant, is blind to what the price system sees.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." Friedrich Hayek, The Fatal Conceit, 1988

The Calculation Problem

Without market prices for capital goods, rational economic calculation is impossible. A socialist commonwealth cannot know whether to build the factory out of steel or aluminium, whether to employ a thousand workers or ten thousand, whether the whole enterprise is worth doing at all.

Mises made this argument in 1920. The Soviet economy lasted seventy-one more years largely by stealing prices from the capitalist world it declared obsolete.

"Economic calculation is the compass of action. Deprive man of it, and he gropes in the dark." Ludwig von Mises, Socialism, 1922

The deeper lesson is philosophical. Praxeology — the study of purposive action — tells us that meaning enters economics only through the choosing human being. Aggregates do not choose. Classes do not choose. Only persons choose, and any economics that forgets them is pseudoscience.

VI

Crypto-Libertarianism 密 码 自 由 主 义

§ 06
Where code
becomes law
// ENCRYPTED BROADCAST · NODE 0001

Cypherpunks write code.

$ cat /manifesto/the-new-frontier.txt

// SOUND MONEY
Bitcoin — a bearer asset with a fixed 21M supply, verifiable by anyone, confiscable by no one. Separation of money and state, shipped.
// PRIVACY
Zcash · Monero · Tornado — encryption restores to the citizen what the surveillance state has spent a century taking away: the presumption of the opaque transaction.
// PROPERTY
Self-custody — twelve words in your head beat any charter. If your wealth depends on a permission slip, it was never yours.
// ORGANISATION
DAOs — voluntary associations coordinated by open rules and open treasuries. Corporate law by math, not by lawyers.
// IDENTITY
Self-sovereign identity — you prove what you choose to prove, to whom you choose, without a middleman retaining the proof forever.
// NETWORKS
Nostr · Farcaster · ATProto — protocols, not platforms. The user, not the company, owns the graph.
// JURISDICTION
Network states — Srinivasan's thesis: start with an online community, accumulate capital and legitimacy, negotiate sovereignty last. Exit as cloud-first.
// MARKETS
Prediction markets — Polymarket, Kalshi, and their descendants. Put a price on truth and watch consensus narratives sweat.
// DEFENCE
Privacy, cryptography, open source — not accessories to liberty, but its infrastructure. What the First Amendment is to the printing press, strong encryption is to the network era.
"A specter is haunting the modern world, the specter of crypto anarchy. Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. [...] These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation." — Timothy C. May, The Crypto Anarchist Manifesto, 1988
VII

The Policy Map 政 策 主 张

§ 07
Where libertarians
stand today
Topic
Prevailing State View
The Libertarian Position
Taxation 税 收
Progressive, universal, unavoidable. Necessary for "public goods".
Taxation is coerced payment. Flat, low, or none. Fund only the bare functions not better handled by contract or charity.
Money 货 币
Fiat currency issued by central banks; inflation as policy lever.
Sound money — gold, silver, Bitcoin. End the Fed. Competitive currencies chosen freely by users.
Trade 贸 易
Tariffs, quotas, sanctions as geopolitical tools.
Free trade, unilaterally if necessary. Tariffs tax your own citizens first.
Immigration 移 民
State permission required to live and work within arbitrary lines.
Free movement of peaceful persons. Private property owners decide who enters their land, not the state deciding for everyone.
Drugs 毒 品
Prohibition of inputs adults put in their own bodies. Mass incarceration.
Full decriminalisation. What you ingest is your business. Prohibition enriches cartels; legalisation empowers patients.
Speech 言 论
"Hate speech" exceptions, platform compulsion, emergency restrictions.
Maximalist — no ideas are too dangerous to speak. The cure for bad speech is more speech, never state silence.
Self-Defence 自 卫
Monopoly on force; citizens disarmed to varying degrees.
The right to bear arms is the ultimate guarantor of all other rights. A disarmed population is a supplicant.
Education 教 育
Compulsory, state-funded, one-size curriculum.
School choice. Vouchers. Homeschooling. Unschooling. Any arrangement a family and a teacher can consent to.
Healthcare 医 疗
Single-payer, insurance mandates, price controls.
Competitive markets in providers and insurers. Direct-pay, HSAs, catastrophic coverage. Legalise physicians' associations across borders.
Foreign Policy 外 交
Global intervention — alliances, deployments, regime change.
Non-interventionism. Peace through trade. No empire is ever a good idea for the country that runs it.
Welfare 福 利
Sprawling state transfers; means-tested or universal.
Private charity, mutual aid societies, family. At most, a negative income tax replacing the bureaucratic labyrinth.
Regulation 监 管
Expansive, captured, backward-looking.
Tort liability, reputation markets, voluntary certification. Regulation exists — just not as state monopoly.
VIII

The Great Quotations 金 句 选 编

§ 08
What each generation
found worth writing down

When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it, and a moral code that glorifies it.

Frédéric Bastiat, The Law, 1850

The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.

Louis Brandeis, dissenting in Olmstead v. United States, 1928

The man who produces while others dispose of his product is a slave.

Ayn Rand, Atlas Shrugged, 1957

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

Milton Friedman, Free to Choose, 1980

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

Adam Smith, The Wealth of Nations, 1776

The state is the great fiction by which everybody tries to live at the expense of everybody else.

Frédéric Bastiat, "The State", 1848

Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence.

Ayn Rand (through Francisco d'Anconia), 1957

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Milton Friedman

If the only way to save the constitutional republic is to abandon its founding principles, the republic was already lost.

A paraphrase in the spirit of Spooner and Paine

I believe that banking institutions are more dangerous to our liberties than standing armies.

Thomas Jefferson, 1816

IX

Further Reading 延 伸 阅 读

§ 09
Institutes, archives,
and voices

Contemporary Books

  • The Sovereign Individual · Davidson & Rees-Mogg, 1997
  • Democracy: The God That Failed · Hans-Hermann Hoppe, 2001
  • The Machinery of Freedom · David Friedman, 1973
  • The Bitcoin Standard · Saifedean Ammous, 2018
  • The Network State · Balaji Srinivasan, 2022
  • The Myth of the Rational Voter · Bryan Caplan, 2007
  • Basic Economics · Thomas Sowell, 2000
  • Discovery of Freedom · Rose Wilder Lane, 1943
  • The Law of the Somalis · Michael van Notten, 2005
  • Against the State · Lew Rockwell, 2014
X

Objections & Answers 质 疑 与 回 应

§ 10
A creed honest enough
to answer its critics
i.

Who will build the roads?

The same people who build supermarkets, mobile networks, and container ports — private firms, under contract, paid by users. Roads were built privately for most of history. The real answer, though, is we don't know in advance — and that is precisely the point. Markets discover solutions that no central committee can specify.

ii.

What about monopolies?

Durable monopolies are almost always state-granted or state-enforced: taxi medallions, ISP franchises, pharmaceutical patents, currency issuance. Genuine market monopolies attract competition until they fall. When they don't, it is usually because they are delivering unusually good value. The enemy is the cartel backed by the state, not the firm that happens to be winning.

iii.

Won't the rich run everything?

In any system. The question is whether they run it through persuasion (offering products we want) or through capture (directing a state apparatus that can tax and arrest us). Liberty shrinks the prize for capture by shrinking the state. Less legal plunder available, less incentive to buy the plunderers.

iv.

What about children, the disabled, the elderly?

Before the welfare state, mutual-aid societies, fraternal orders, and churches covered tens of millions with remarkable sophistication. Private charity is not a residual — it is a rival that was crowded out. A freer society would not abandon the vulnerable; it would liberate the civil institutions that historically served them, and generate the wealth to do so better than ever.

v.

Doesn't libertarianism presuppose a kind of atomistic, selfish individual?

No. It presupposes that coordination must be voluntary to be legitimate. Families, churches, clubs, communes, kibbutzim, co-ops, DAOs — all are libertarian as long as membership is voluntary and exit is permitted. The libertarian insists only that you cannot draft strangers into your project at gunpoint.

vi.

What about externalities — pollution, climate, pandemics?

Externalities are property-rights problems that have been left unenforced. When rivers were privately owned, upstream factories could be sued. Many libertarian approaches — carbon pricing via property in the commons, liability regimes, pigouvian fees applied narrowly — address these without conceding the whole social-democratic programme.

vii.

If it's so good, why has no country tried it fully?

The same reason no country has tried full peace, full honesty, or full transparency: every concentration of power has an incentive to resist the ideology that would abolish it. Partial experiments — Hong Kong under Cowperthwaite, New Zealand's 1984 reforms, Estonia post-Soviet, Singapore's economic freedom, contemporary Argentina — have consistently produced growth miracles. Liberty advances in pieces; it is pieces we can keep taking.