Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged free

Rss Feed Group items tagged

Gary Edwards

The Libertarian View: Are Tariffs Bad? - 1 views

  •  
    As many know, i spent quite a bit of time working for a Chinese Company seeking to enter the USA-European software market.  My task was to research the market, discover and define a market opportunity, design the product, and then work as product manager to get that service to market.  I took this job to better understand the Chinese marketplace and how sovereign Chinese companies work.  What i learned is how the Chinese seek to exploit and totally dominate open markets.  Software is just a category whose time has come.  and there are thousands of Chinese companies lining up.  The first step though is to fine tune the existing blueprint used by other Sina sovereigns.  amazing stuff. My take away from this experience is that the USA MUST set up a 30% tariff on ALL imports, and do so IMMEDIATELY!!!  Yesterday is not soon enough! As a newly minted libertarian, i wondered about the obvious conflict with Austrian Economics and their dedication to free markets and free trade?  I found the answer at this Libertarian forum, where many members were in heated discussion.  Comment #7 sums it up best i think.  Including a link to Ron Paul's Tariff-NAFTA speech. The thing is, the 30% Tariff should be part of an overall TAX REDUCTION PLAN.  I support the FAIR TAX and the Balanced Budget Amendment.  As an alternative to the Fair Tax, I would also support a 17% flat tax with no exceptions.  The ideal situation being an immediate, uncompromising, no exceptions 30% tariff on ALL imports coupled with the Fair Tax and the Balanced Budget Amendment.   And yes, i do believe this plan is consistent with the Founding Fathers Constitution.  But it took some kind of research to establish that opinion.   I've also concluded that "conservatism" is a convenient philosophical vehicle for the corrupt crony corporatism of both the military-industrial-complex, banksters and, international corporations.  Free trade and open markets concepts are perverted to become a thin veil
Paul Merrell

Free Syrian Army a Phantom: Lavrov | nsnbc international - 0 views

  • Russian Foreign Minister Sergey Lavrov responded to vague U.S. statements about the Free Syrian Army and “moderate rebels” and that Russia may target moderates, saying that the Free Syrian Army is a phantom group. In depth investigations show that the Free Syrian Army largely ceased to exist in 2012 -13.
  • The Russian Foreign Minister rebuked accusations that the Russian Air Force in Syria targets the Free Syrian Army (FSA) or so-called “moderate rebels” saying: “No one has told us where the Free Syrian Army operates or where and how the other units of the moderate opposition act. . … We will even be ready to establish contact with it, if these are indeed efficient armed groups of the patriotic opposition that consist of Syrians. … So far, the Free Syrian Army remains a “phantom group … Nothing is known about it.” Lavrov called on the United States Secretary of State John Kerry to explain what the Free Syrian Army is and where it is based. Last week Kremlin spokesman Dmitry Peskov made a similar comment, saying “There is absolutely controversial information about this so-called army. … What is Free Syrian Army? Is this an official term? Are they official armed forces or what is it”. 
  • nsnbc investigations and other reports have shown that the Free Syrian Army (FSA), prior to June and July 2012 consisted of some Syrian Muslim Brotherhood associated fighters, some few former Syrian Arab Army soldiers, and a large number of mercenaries from Libya and other countries. This foreign-backed Free Syrian Army (FSA) suffered two decisive defeats in June and July 2012, a little more than a year after the eruption of the conflict. The decline of the FSA and the increased presence of Salafist / Wahhabi fighters in 2012 was, among others documented by the International Crisis Group, in their comprehensive report entitled “Tentative Jihad”. By December 2013 the remainders of the FSA began to break up and more western, Turkish and Gulf Arab support was channeled to the Al-Qaeda associated Jabhat Al-Nusrah, ISIL and other mercenary or semi-mercenary insurgencies.
  •  
    Russia wants the U.S. to tell them who the Free Syrian Army is and where it is. Good one! Cluestick: it never existed except in Hillary Clinton's fantasies. 
Gary Edwards

Rand Paul's Tea Party Response: Full Text - 0 views

  • With my five-year budget, millions of jobs would be created by cutting the corporate income tax in half, by creating a flat personal income tax of 17%, and by cutting the regulations that are strangling American businesses.
  • America has much greatness left in her. We will begin to thrive again when we begin to believe in ourselves again, when we regain our respect for our founding documents, when we balance our budget, when we understand that capitalism and free markets and free individuals are what creates our nation’s prosperity.
  •  
    Outstanding statement about what made America great, an dhow are government is destroying that greatness.  This is the full Text of Sen. Rand Paul's Tea Party Response to Obama's State of the Union Address: I speak to you tonight from Washington, D.C. The state of our economy is tenuous but our people remain the greatest example of freedom and prosperity the world has ever known. People say America is exceptional. I agree, but it's not the complexion of our skin or the twists in our DNA that make us unique. America is exceptional because we were founded upon the notion that everyone should be free to pursue life, liberty, and happiness. For the first time in history, men and women were guaranteed a chance to succeed based NOT on who your parents were but on your own initiative and desire to work. We are in danger, though, of forgetting what made us great. The President seems to think the country can continue to borrow $50,000 per second. The President believes that we should just squeeze more money out of those who are working. The path we are on is not sustainable, but few in Congress or in this Administration seem to recognize that their actions are endangering the prosperity of this great nation. Ronald Reagan said, government is not the answer to the problem, government is the problem. Tonight, the President told the nation he disagrees. President Obama believes government is the solution: More government, more taxes, more debt. What the President fails to grasp is that the American system that rewards hard work is what made America so prosperous. What America needs is not Robin Hood but Adam Smith. In the year we won our independence, Adam Smith described what creates the Wealth of Nations. He described a limited government that largely did not interfere with individuals and their pursuit of happiness. All that we are, all that we wish to be is now threatened by the notion that you can have something for nothing, that you can have your cake and ea
Gary Edwards

Private Currency Competition Is The Monetary Answer - Forbes - 0 views

  •  
    "The push for monetary reform is on, and intellectuals seeking to reform the monetary system in accordance with free market principles are seriously debating two alternative solutions. One is a return to the gold standard in some fashion. The other is a free market in currency, i.e., private currency competition. Toward the latter end, Rep. Ron Paul has sponsored a bill repealing legal tender law. Their primary concern is the establishment of perfect money, which they define as money which changes in value the least. A much stronger case can be made for private currency competition than for a national gold standard in achieving this goal. Broadly speaking, private currency competition can provide the means to both a better concept of money (i.e., the development of an ideal monetary standard), and a better practical implementation of a monetary system." The argument that gold is the intrinsically right standard, so people do not need any choice in the matter because the government would only be making them do what is best for them anyway, is a philosophical can of worms that ultimately undermines the moral case for free markets. This is probably why the Ayn Rand Institute, that flagship of right moral political philosophy, migrated its support from the gold standard to a system of free banking with private currencies. Even if one remains unconvinced of the superiority of private currency competition and believes that a fiat gold standard would work, one should always argue for liberty, not try to work within the bounds of statism to ameliorate its effects. The advocates of freedom, individual rights, limited government, and capitalism should not waste any effort trying to revive a statist concept. They should adopt the boldest possible vision of a free market and then pursue it relentlessly. This is your clarion call. Some believe that because a denationalization of money is the ideal state of affairs, a monetary Holy Grail, its achievement must be far off in th
Gary Edwards

I Am a Peaceful AR-15 Assault Rifle Owner | Casey Research - 0 views

  •  
    ""Firearms stand next in importance to the constitution itself. They are the American people's liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurances and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference - they deserve a place of honor with all that's good." George Washington I can't think of any reason I need to own my AR-15 assault[1] rifle. I don't pretend to need it for self defense. I also own several handguns. Any one of my handguns would be adequate to allow me an opportunity to defend myself, or another person, from virtually any act of aggression by another individual. Indeed, I could have easily halted any of the recent gun based rampages, by any of those deranged lunatics, with just one of my handguns. I wish I had been there. I have needlessly and peacefully owned my AR-15 for many years. I keep my AR-15 securely locked in a gun safe in the very same home where my young children live. My children are aware of my AR-15. Like many other things in life, I have taught my children about guns. Recently, some of my kids attended a private gun safety class given by a highly experienced gun expert. I enjoyed watching my kids learn about my AR-15. I admit being a bit nostalgic about my AR-15. I spent lots of time learning about every aspect of the AR-15 when I was in Marine Corps boot camp at Parris Island, South Carolina. I also carried an AR-15 when I served my country in Operation Desert Storm in Saudi Arabia. I had it with me when I lived in a dirt hole on the border of Kuwait. It is the weapon I know better than any other. I own lots of dangerous things I don't need. I don't need my highly modified 600+ hp Z06 Corvette, or my Harley Davidson motorcycle, or that crazy looking knife I sometimes jokingly say was imported directly from the Klingon Empire.[2] Al
Gary Edwards

Google News - 0 views

  •  
    WOW!!! Incredible presentation concerning the history of Freedom vs. Tyranny. WOW!! If ever there's a MUST Watch, this is it. Very impressive and sweeping comparison of how authoritarian collectivist seize power in a free society and establish their tyrannies. My notes are listed below: How to recognize potential tyrants and keep them from seizing power. The urge to save humanity is always used to justify those who want to rule humanity. - ML Menken Daniel Webster on the Constitution Obstacles to Tyranny : Limited powers of government .... Due Process .... Presumption of Innocence .... Freedom to Dissent .... Armed Populace: The right to be Armed! Due Process .... 5th Amendment .... Emergency powers. there is no authorization in the US Constitution to suspend Due Process or any aspect of the Bill of Rights .... Asset Seizure Laws for criminal activities (alleged - without warrant or court order) .... Eminent Domain: seizure of private property for government uses: 2005 Kelo vs New London seizure based on jobs (economy) and tax revenue possibilities. .... 6th Amendment - right to trial by jury : plea bargaining admonition based on facing the awesome power of the government to prosecute no matter what - intimidation and threat of personal destruction. .... Forced confessions through plea bargaining. .... Indefinite detention without trial or charges: President has power to kill or issue orders without warrant, charges or trial .... Presumption of Innocence: Probable Cause .... Random stops at Border check points. 5th Amendment protections violated .... Sobriety Check Points: 4th and 5th Amendments violated - no presumption of innocence .... Random detention and questioning: airport security pat downs, housing projects, bus transportation .... The Right to Privacy: financial transactions and the IRS audit (without warrant or accusation) .... Warrant-less Spying .... Agents writing their own search warrants .... Snatch and Peek Freedom to Disse
Gary Edwards

I Am a Peaceful AR-15 Assault Rifle Owner by Marc J. Victor - 0 views

  • "Firearms stand next in importance to the constitution itself. They are the American people's liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurances and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference – they deserve a place of honor with all that's good." ~ George Washington
  • I am an American. As such, none of my rights depend on a showing of need. I am a free man who has the right to define and pursue my happiness in any peaceful way I see fit. The government does not grant me rights. I was born free. The legitimate role of government is to act as my agent to protect my rights; which exist independent of government. Americans do not beg the government for rights nor are they required to demonstrate a "need" for rights.
  • Government never has a more tempting opportunity to increase its size, power and scope, and to curtail the liberties of free people, than during or immediately after a crisis. Indeed, crisis is so tempting an opportunity for government that governments invent crisis whenever possible. This is why "emergency acts" and "wars" on anyone and anything are so popular for governments. Nothing entices people to stop thinking, act impulsively, and to relinquish liberties so easily as a "crisis" or a "tragedy" or an "emergency." We need to be smarter if liberty is to survive.
  • ...31 more annotations...
  • Banning Guns is Un-American and Immoral "And that the said Constitution be never construed to authorize Congress to infringe the just liberty of the Press, or the rights of Conscience; or to prevent the people of the United States, who are peaceable citizens, from keeping their own arms; …" ~ Samuel Adams
  • The Idea of Banning Guns is Foolishness "They that give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." ~ Ben Franklin
  • The single biggest contributing factor to our culture of violence is that our society no longer adheres to the once basic notion that initiating force against non-aggressors is wrong
  • Although President Obama appears excited about the notion of banning guns, I have not heard him order a ban on the very guns used to protect him. Apparently, when it comes to his protection, President Obama prefers to be protected by people armed with guns. Indeed, I suspect none of these gun ban advocates would hesitate to call 911 and request help from people armed with guns if they were faced with an intruder in their homes in the middle of the night. I fail to understand why we can’t all agree that guns save lives.
  • Our Culture of Violence
  • "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!" ~ Benjamin Franklin
  • Gun Regulations Never Reduce Gun Violence and Usually Increase Violent Crime "The constitutions of most of our States assert that all power is inherent in the people; that … it is their right and duty to be at all times armed; … " ~ Thomas Jefferson
  • Our laws are replete with instances of legal trespass against peaceful people.
  • I prefer that my children are no longer unprotected sitting ducks at a federally mandated gun free zone in school.
  • We no longer recognize the sovereignty of the individual.
  • democracy is akin to mob rule.
  • Our spending on the drug war will soon be approaching 100 billion dollars per year.
  • Not only do guns remain widely available in Mexico, but their gun related homicide rate outpaces ours. The same can be said of all these drug war countries.
  • Mexico has some of the strictest gun control laws in the world. Its laws effectively prohibit gun ownership.
  • Rather than living in a democratic republic where most decisions are left to the property owner, we now have an unfettered democracy where anything goes so long as the majority of voters agree
  • "To preserve liberty, it is essential that the whole body of the people always possess arms and be taught alike, especially when young, how to use them." ~ Richard Henry Lee
  • Indeed, this law may have encouraged Mr. Lanza to work his horrific violence at the Sandy Hook Elementary School knowing federal law provides that nobody could have the capacity to stop him.
  • One unintended consequence of this federal law has been to create a guaranteed victim zone, comprised of children, who are unprotected sitting ducks for any deranged lunatic such as Mr. Lanza.
  • Our culture of violence is more directly attributable to anti-freedom government policies which diminish and disrespect the rights of the individual.
  • Here is a short list of some notable examples compiled by the Libertarian Party:
  • A 1997 high school shooting in Pearl, Mississippi was halted by the school's vice principal after he retrieved the Colt .45 he kept in his truck. A 1998 middle school shooting ended when a man living next door heard gunfire and apprehended the shooter with his shotgun. A 2002 terrorist attack at an Israeli school was quickly stopped by an armed teacher and a school guard. A 2002 law school shooting in Grundy, Virginia came to an abrupt conclusion when students carrying firearms confronted the shooter. A 2007 mall shooting in Ogden, Utah ended when an armed off-duty police officer intervened. A 2009 workplace shooting in Houston, Texas was halted by two co-workers who carried concealed handguns. A 2012 church shooting in Aurora, Colorado was stopped by a member of the congregation carrying a gun. At the recent mall shooting in Portland, Oregon the gunman took his own life minutes after being confronted by a shopper carrying a concealed weapon.
  • Three Reasons Americans Have a Right to Own Guns "Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? Where is the difference between having our arms in possession and under our direction and having them under the management of Congress? If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?" ~ Patrick Henry
  • First, free people have a right to self defense.
  • The second reason for a right to keep and bear arms is to deter possible foreign invasions.
  • The founders of our nation believed people must always preserve their right to resistance and revolution against their own government. "And what country can preserve its liberties, if its rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms....The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants." ~ Thomas Jefferson.
  • Japanese Admiral Isoroku Yamamoto
  • The third reason for a right to keep and bear arms is, as Thomas Jefferson stated, "The strongest reason for people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."
  • "When the people fear the government, there is tyranny. When the government fears the people, there is liberty."
  • "You cannot invade the mainland United States. There would be a rifle behind every blade of grass"
  • In the 20th century alone, the death toll resulting from governments murdering their own disarmed citizens after guns were legally banned is estimated at 56 million.
  • "If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen." ~ Samuel Adams
  •  
    Excellent article on the importance of gun ownership in America.  The author is a defense attorney practicing law in Arizona.  He's also a war veteran and well versed libertarian.   Excerpts: "I am an American. As such, none of my rights depend on a showing of need. I am a free man who has the right to define and pursue my happiness in any peaceful way I see fit. The government does not grant me rights. I was born free. The legitimate role of government is to act as my agent to protect my rights; which exist independent of government. Americans do not beg the government for rights nor are they required to demonstrate a "need" for rights." "Government never has a more tempting opportunity to increase its size, power and scope, and to curtail the liberties of free people, than during or immediately after a crisis. Indeed, crisis is so tempting an opportunity for government that governments invent crisis whenever possible. This is why "emergency acts" and "wars" on anyone and anything are so popular for governments. Nothing entices people to stop thinking, act impulsively, and to relinquish liberties so easily as a "crisis" or a "tragedy" or an "emergency." We need to be smarter if liberty is to survive." "Although President Obama appears excited about the notion of banning guns, I have not heard him order a ban on the very guns used to protect him. Apparently, when it comes to his protection, President Obama prefers to be protected by people armed with guns. "
  •  
    Excellent article other than the fact that the author erred in referring to the AR-15 as an "assault rifle." It is not. It is an "assault weapon," a semi-automatic rifle with only a cosmetic resemblance to the M-16 fully automatic "assault rifle." "Assault rifles" have been outlawed in the U.S. for decades. The U.S. had a complete ban on "assault weapon" rifles from 1994 to 2004. It did not affect gun violence rates at all, because semi-automatic rifles that lacked the cosmetic resemblance to "assault rifles" remained on the market. The distinction between the two terms is critical to understanding the current gun debate. Those who propose a ban on "assault weapons" are offering only a cosmetic sop to the anti-gun crowd, banning a sub-set of semi-automatic rifles whilst leaving equally capable semi-autos on the market. The correct question to ask is "why bother?" One might as well ban toy guns that bear a resemblance to assault weapons; other toy guns remain unaffected. For a more in depth discussion of "assault weapon" vs. "assault rifle" with references see http://en.wikipedia.org/wiki/Assault_weapon
Gary Edwards

10 Reasons The U.S. Is No Longer The Land Of The Free « JONATHAN TURLEY - 1 views

  •  
    Constitutional legal scholar Jonathan Turley examines the unconstitutional changes the Federal government has instituted since 911.  Chilling stuff.  Here is the short list: .. Assassination of US Citizens .. Arbitrary Justice .. Warrantless Searches .. Secret evidence .. Secret courts .. War crimes (violations of the Nuremberg principles of International Law) .. Immunity from judicial review ..Continual (and warrantless) monitoring of citizens .. Extraordinary renditions Turley asks how can we continue to consider America the land of the free when the Federal government continues to compromise our freedoms on a scale only seen in despotic military tyrannies?  Like China, Cuba and Pakistan?   I've been following the post and comments of the Bay Area Patriot group, a local Tea Party offshoot.  It's incredible how so many members continue to be swept up in 911 mania, demanding more military actions in more places.  As if the ten years of war in Afghansitan and Iraq have left our country safe in our way of life and secure in our freedoms.  Just the opposite is happening, as Professor Turley so thoroughly details.  Yet, they cry for more war.  Then proudly claim their status as Tea Party Patriots taking action to restore America and USA Constitution.   What was Einstein's definition of insanity?  :) excerpt: The column addresses how the continued rollbacks on civil liberties in the United States conflicts with the view of the country as the land of the free.  If we are going to adopt Chinese legal principles, we should at least have the integrity to adopt one Chinese proverb: "The beginning of wisdom is to call things by their right names."  We seem as a country to be in denial as to the implications of these laws and policies.  Whether we are viewed as a free country with authoritarian inclinations or an authoritarian nation with free aspirations (or some other hybrid definition), we are clearly not what we once were.
Gary Edwards

The List: Unnecessarily Shut Down by Obama to Inflict Public Pain - 0 views

  •  
    "The media may or may not report on these individual occurrences, but what they will never do is provide the American people with the full context and scope of Obama's shrill pettiness. Below is a list of illogical, unnecessary, and shockingly spiteful moves our government is making in the name of essential and non-essential. This list will be regularly updated, and if you have something you feel should be added, please email me at jnolte@breitbart.com or tweet me @NolteNC.Please include a link to the news source. -- 1. Treatments for Children Suffering From Cancer - The GOP have agreed to a compromise by funding part of the government, including the National Institutes of Health, which offers children with cancer last-chance experimental treatment. Obama has threatened to veto this funding. 2. The World War II Memorial - The WWII memorial on the DC Mall is a 24/7 open-air memorial that is not regularly staffed. Although the White House must have known that WWII veterans in their eighties and nineties had already booked flights to visit this memorial, the White House still found the resources to spitefully barricade the attraction.  The Republican National Committee has offered to cover any costs required to keep the memorial open. The White House refused. Moreover, like the NIH, the GOP will pass a compromise bill that would fund America's national parks. Obama has threatened to veto that bill. 3. Furloughed Military Chaplains Not Allowed to Work for Free - Furloughed military chaplains willing to celebrate Mass and baptisms for free have been told they will be punished for doing so. 4. Business Stops In Florida Keys - Although the GOP have agreed to compromise in the ongoing budget stalemate and fund the parks, Obama has threatened to veto that funding. As a result, small businesses, hunters, and commercial fisherman can't practice their trade. While the feds have deemed the personnel necessary to keep this area open "non-essential," the "enforcement office
Gary Edwards

The Surest Path Back to Prosperity - WSJ.com - 0 views

  •  
    President Bush's speech at the Manhattan Institute defending Capitalism . All i can say is, it's about time someone stood up for American Capitalism. "All this leads to the most important principle that should guide our work: While reforms in the financial sector are essential, the long-term solution to today's problems is sustained economic growth. And the surest path to that growth is free markets and free people. In the wake of the financial crisis, voices from the left and right equate the free-enterprise system with greed and exploitation and failure. It's true this crisis included failures -- by lenders and borrowers and financial firms, and by governments and independent regulators. But the crisis was not a failure of the free-market system. And the answer is not to try to reinvent that system. It is to fix the problems, make reforms, and move forward with the free-market principles that have delivered prosperity and hope to people all across the globe. Capitalism is not perfect. But it is by far the most efficient and just way of structuring an economy.
Gary Edwards

A truly American future - 1 views

  • Ours has been a human experiment in which a constitutional republic was created that, aside from its moral and legal rightness, also created an environment in which entrepreneurs could flourish. The results of this experiment have been spectacular. Our lives and the lives of people throughout the world have been enriched by this experiment.
  • We are now in a very imperfect political battlefield, on which we are striving to save a constitutional republic by democratic means. Historically, our odds are poor. All democracies in history have ultimately failed. All have descended into mob rule. This is the reason our founders did not give us a democracy. We must be the exception.
  • At present, the situation is in doubt. Our president refuses to follow the rules of our constitutional republic; the self-interested cowardice of too many of our members of Congress prevents them from disciplining the president; and our courts are politicized as well. Moreover, many elements of our government are running amok, such as the Federal Reserve with its printing presses and the Environmental Protection Agency with its unending search for more power for itself. As Gilder shows in “Knowledge and Power,” the real advance of knowledge and power to improve human life depends upon a benign human society in which entrepreneurial advance can flourish. He explains this in political terms and in the scientific terms of information theory.
  •  
    "As economist Julian Simon observed, people always produce more than they consume and always better the human condition of themselves and their neighbors - if they are free to do so. Why was Simon able to make this observation based on American experiences and other more brief episodes in human history? The answer to this question is elegantly described by George Gilder in his book "Knowledge and Power: The information Theory of Capitalism and How It is Revolutionizing Our World." Gilder teaches us about the "economics" of human advance. Establishment economics is, of course, a somewhat murky forest of "supply" and "demand" and "micros" and "macros" and all sorts of other abstractions. Within economics has arisen a sort of political contest as to whether "demand" or "supply" is most important. Does the market respond to "demands" for certain sorts of goods, or are goods unexpectedly "supplied" to the market by inventors and entrepreneurs - as surprises which then create market demand themselves? It is clear that the "supply" side trumps the "demand" side in this controversy. As George Gilder elucidates, potential advances - products and other goods - arise first in the minds of entrepreneurs who, using information, existing tools and skills in assembling and utilizing capital, bring these advances to the market. If the entrepreneur is right about the demand that will arise when his new product becomes available, he is rewarded with the fun of providing it and with profits. In order to do this, the entrepreneur needs a relatively quiet, noise-free environment, where the information comprising his innovation can express itself. His environment needs easily available capital in the hands of free men, so that he has rich opportunities to seek that capital and utilize it. The entrepreneur also needs a system of justice that protects his efforts and his coworkers. He needs a system of individual liberty where the
Paul Merrell

How 'Free Markets' Defame 'Democracy' | Consortiumnews - 0 views

  • Venezuela seems to be following Ukraine on the neocon hit list for “regime change” as Washington punishes Caracas for acting against a perceived coup threat. But a broader problem is how the U.S. conflates “free markets” with “democracy,” giving “democracy” a bad name, writes Robert Parry.
  • The one common thread in modern U.S. foreign policy is an insistence on “free market” solutions to the world’s problems. That is, unless you’re lucky enough to live in a First World ally of the United States or your country is too big to bully.So, if you’re in France or Canada or – for that matter – China, you can have generous health and educational services and build a modern infrastructure. But if you’re a Third World country or otherwise vulnerable – like, say, Ukraine or Venezuela – Official Washington insists that you shred your social safety net and give free reign to private investors.
  • If you’re good and accept this “free market” domination, you become, by the U.S. definition, a “democracy” – even if doing so goes against the wishes of most of your citizens. In other words, it doesn’t matter what most voters want; they must accept the “magic of the market” to be deemed a “democracy.”Thus, in today’s U.S. parlance, “democracy” has come to mean almost the opposite of what it classically meant. Rather than rule by a majority of the people, you have rule by “the market,” which usually translates into rule by local oligarchs, rich foreigners and global banks.Governments that don’t follow these rules – by instead shaping their societies to address the needs of average citizens – are deemed “not free,” thus making them targets of U.S.-funded “non-governmental organizations,” which train activists, pay journalists and coordinate business groups to organize an opposition to get rid of these “un-democratic” governments.
  • ...6 more annotations...
  • If a leader seeks to defend his or her nation’s sovereignty by such means as requiring these NGOs to register as “foreign agents,” the offending government is accused of violating “human rights” and becomes a candidate for more aggressive “regime change.”Currently, one of the big U.S. complaints against Russia is that it requires foreign-funded NGOs that seek to influence policy decisions to register as “foreign agents.” The New York Times and other Western publications have cited this 2012 law as proof that Russia has become a dictatorship, while ignoring the fact that the Russians modeled their legislation after a U.S. law known as the “Foreign Agent Registration Act.”So, it’s okay for the U.S. to label people who are paid by foreign entities to influence U.S. policies as “foreign agents” – and to imprison people who fail to register – but not for Russia to do the same. A number of these NGOs in Russia and elsewhere also are not “independent” entities but instead are financed by the U.S.-funded National Endowment for Democracy (NED) and the U.S. Agency for International Development.
  • There is even a circular element to this U.S. complaint. Leading the denunciation of Russia and other governments that restrain these U.S.-financed NGOs is Freedom House, which marks down countries on its “freedom index” when they balk at letting in this back-door U.S. influence. However, over the past three decades, Freedom House has become essentially a subsidiary of NED, a bought-and-paid-for NGO itself.
  • That takeover began in earnest in 1983 when CIA Director William Casey was focused on creating a funding mechanism to support Freedom House and other outside groups that would engage in propaganda and political action that the CIA had historically organized and financed covertly. Casey helped shape the plan for a congressionally funded entity that would serve as a conduit for this U.S. government money.But Casey recognized the need to hide the CIA’s strings. “Obviously we here [at CIA] should not get out front in the development of such an organization, nor should we appear to be a sponsor or advocate,” Casey said in one undated letter to then-White House counselor Edwin Meese III – as Casey urged creation of a “National Endowment.” [See Consortiumnews.com’s “CIA’s Hidden Hand in ‘Democracy’ Groups.”]Casey’s planning led to the 1983 creation of NED, which was put under the control of neoconservative Carl Gershman, who remains in charge to this day. Gershman’s NED now distributes more than $100 million a year, which included financing scores of activists, journalists and other groups inside Ukraine before last year’s coup and now pays for dozens of projects in Venezuela, the new emerging target for “regime change.”
  • But NED’s cash is only a part of how the U.S. government manipulates events in vulnerable countries. In Ukraine, prior to the February 2014 coup, neocon Assistant Secretary of State Victoria Nuland reminded Ukrainian business leaders that the United States had invested $5 billion in their “European aspirations.”Nuland then handpicked who would be the new leadership, telling U.S. Ambassador Geoffrey Pyatt that “Yats is the guy,” referring to “free market” politician Arseniy Yatsenyuk, who not surprisingly emerged as the new prime minister after a violent coup ousted elected President Viktor Yanukovych on Feb. 22, 2014.The coup also started a civil war that has claimed more than 6,000 lives, mostly ethnic Russians in eastern Ukraine who had supported Yanukovych and were targeted for a ruthless “anti-terrorist operation” spearheaded by neo-Nazi and other far-right militias dispatched by the U.S.-backed regime in Kiev. But Nuland blames everything on Russia’s President Vladimir Putin. [See Consortiumnews.com’s “Nuland’s Mastery of Ukraine Propaganda.”]On top of Ukraine’s horrific death toll, the country’s economy has largely collapsed, but Nuland, Yatsenyuk and other free-marketeers have devised a solution, in line with the wishes of the Washington-based International Monetary Fund: Austerity for the average Ukrainian.
  • Before the Senate Foreign Relations Committee on Tuesday, Nuland hailed “reforms” to turn Ukraine into a “free-market state,” including decisions “to reduce and cap pension benefits, increase work requirements and phase in a higher retirement age; … [and] cutting wasteful gas subsidies.”In other words, these “reforms” are designed to make the hard lives of average Ukrainians even harder – by slashing pensions, removing work protections, forcing people to work into their old age and making them pay more for heat during the winter.‘Sharing’ the Wealth In exchange for those “reforms,” the IMF approved $17.5 billion in aid that will be handled by Ukraine’s Finance Minister Natalie Jaresko, who until last December was a former U.S. diplomat responsible for a U.S. taxpayer-financed $150 million investment fund for Ukraine that was drained of money as she engaged in lucrative insider deals – deals that she has fought to keep secret. Now, Ms. Jaresko and her cronies will get a chance to be the caretakers of more than 100 times more money. [See Consortiumnews.com’s “Ukraine’s Finance Minister’s American ‘Values.’”]
  • Other prominent Americans have been circling around Ukraine’s “democratic” opportunities. For instance, Vice President Joe Biden’s son Hunter was named to the board of directors of Burisma Holdings, Ukraine’s largest private gas firm, a shadowy Cyprus-based company linked to Privat Bank.Privat Bank is controlled by the thuggish billionaire oligarch Ihor Kolomoysky, who was appointed by the Kiev regime to be governor of Dnipropetrovsk Oblast, a south-central province of Ukraine. In this tribute to “democracy,” the U.S.-backed Ukrainian authorities gave an oligarch his own province to rule. Kolomoysky also has helped finance paramilitary forces killing ethnic Russians in eastern Ukraine.Burisma has been lining up well-connected American lobbyists, too, some with ties to Secretary of State John Kerry, including Kerry’s former Senate chief of staff David Leiter, according to lobbying disclosures.As Time magazine reported, “Leiter’s involvement in the firm rounds out a power-packed team of politically-connected Americans that also includes a second new board member, Devon Archer, a Democratic bundler and former adviser to John Kerry’s 2004 presidential campaign. Both Archer and Hunter Biden have worked as business partners with Kerry’s son-in-law, Christopher Heinz, the founding partner of Rosemont Capital, a private-equity company.” [See Consortiumnews.com’s “The Whys Behind the Ukraine Crisis.”]
Gary Edwards

The Daily Bell - Richard Ebeling on Libertarianism, Anarchism and the Truth of Austrian... - 0 views

  • These are at least two conceivable methods of compelling the government to stop, or limit, its abuse of the monetary printing press.
    • Gary Edwards
       
      Ebeling proposes two methods of reining in out of control government printing of paper money.  There is a third method; one used by Lincoln and Kennedy.  This is the issuance of gold/silver/oil backed reserve notes.  The notes represent gold or silver being held on deposit, and are fully redeemable.   The value of the gold/silver or another commodity represented floats in the marketplace against goods and services.  Nor is there a fixed exchange rate for converting fiat (paper) dollars.  The market will figure those things out if left free to do so.  And that's one big big "if".
  • So the normal market pressures of downward price and wage adjustments in the recession are partly counter-acted by a new monetary expansion that is delaying the necessary re-coordination of market activities. Thus, given these two pressures, prices do not fall as much as a post-recession adjustment may require and they do not rise as much or as fast as might otherwise occur due to the renewed monetary expansion.
  • At the same time, as you correctly ask, the Federal Reserve has been paying banks a relatively low rate of interest to keep large excessive reserves in their accounts at the Federal Reserve, rather than to fully lend those excessive reserves to private borrowers. And given the low market rates of interest that Federal Reserve policy has generated, even the low rate of interest on unlent excess reserves offered to banks by the Federal Reserve appears the relatively more profitable way to use their available funds.
  • ...44 more annotations...
  • Why has the Federal Reserve done this? They infused these two trillion dollars into the financial markets back in 2008-2010 because they feared that an economy-wide bank collapse was possible. They are afraid to reverse this monetary expansion because to do so would reduce potential bank-lending capacity and put upward pressure on interest rates at a time when the Federal Reserve wants to prevent the sluggish recovery from slowing down even more and also raise the cost of the US government's financing of its trillion dollar a year deficits. So, instead, they leave this excess bank lending power sloshing around in the system, while keeping it off the market and from causing significant new price inflationary pressures, by paying banks not to lend those vast sums.
  • Austrians argue that economics is fundamentally a science and study of "human action." It attempts to trace out the logic and implications of man's intentional conduct in selecting among ends desired and applying perceived means to try to attain them. Austrians emphasize that all human action and the social and market interactions among men occur in a setting of imperfect knowledge, inescapable degrees of uncertainty and always through the passage of time.
  • They try to explain the market processes by which men discover mutual gains from trade.
  • They emphasize that the networks of social institutions in which and through which men discover ways to coordinate their interdependent actions in complex systems of division of labor are not the creations of government edict or command; but are most often among those unintended consequences of multitudes of self-interested individual actions and interactions.
  • They have developed theories of market competition and the role of the entrepreneur as the individuals always alert to market opportunities, and whose actions tend to bring about coordination between market supplies and demands.
  • The Austrian analysis of markets, competition and prices, led them to devastating critiques of the unworkability of all forms of socialist central planning, the inherent contradictions and inconsistencies in virtually all forms of government intervention and regulation, and a theory of money and the business cycle that points the finger of responsibility for inflations and recessions at the doorstep of government monetary and fiscal policies.
  • The philosophy of liberty proclaims that each individual is unique and possessing inherent rights to his life, liberty and honestly acquired property.
  • It is not surprising that classical liberal and libertarian ideas are often attacked. After all they are the ideas that consistently oppose the current political systems of plunder, privilege and power lusting.
  • That government, if it is to exist, is to serve as the protector and guardian of our distinct individual rights, and not the master of men who are obligated to sacrifice themselves for some asserted "national interest," "general welfare," or "common good."
  • The only reasonable meaning to the "common good" or the "general welfare" is when each individual is free to peacefully live his life as he chooses and is at liberty to voluntarily associate and interact with his fellow men for mutually beneficial improvements to their lives.
  • It is virtually inevitable that those who use political power for their own gain at their neighbor's expense will vehemently resist and oppose any attempt to stop them from feeding at the government trough.
  • there is everywhere a class of plundering peoples – politicians, bureaucrats, special interest groups – receiving tax-based income redistributions and subsidies and benefiting from anti-competitive regulations and protections against and at the expense of their fellow human beings.
  • This is the great battle of the twenty-first century;
  • Austrian Economics, not surprisingly, has been attacked precisely because of its insightful and cogent analysis of how it was government intervention and central bank monetary manipulation that generated the unsustainable boom in the last decade that set the stage for the inescapable bust, which the world is still suffering from.
  • There are "natural rights" libertarians
  • "utilitarian" or "consequentialist" libertarians.
  • most convincing case for human liberty
  • Because libertarians have not agreed about this among themselves, nor have they been able to persuade enough others in society to move the world further away from the collectivist premises and the interventionist-welfare state policies that guide so much that goes on in the world.
  • I happen to have been most strongly influenced by the "natural rights" defense of liberty, and especially as formulated by Ayn Rand in her philosophy of Objectivism.
  • First, it is argued that if one believes that the use of any and all forms of coercion are morally unacceptable in human relationships, then this should also imply that any compulsory taxation, even when for the funding of defense and legal justice, is unjustifiable. And, second, it is argued that the private sector could provide such admittedly essential services far more efficiently and cost-effectively than the monopoly agency of government. Murray Rothbard and David Friedman probably have been among the most well-known and articulate proponents of the anarcho-capitalist position over the last 50 years.
  • Others like the Ayn Rand, Robert Nozick and Ludwig von Mises have made the case for constitutionally limited government. Their counter arguments have centered on the ideas that conflicts over jurisdiction, disputes among private defense agencies contracted by different individuals who have disagreements, and the likelihood that "defense" would turn out to be a "natural monopoly" anyway – that is, a tendency for one agency to end up being the single provider of defense and judicial services over a wide geographical area – raise questions about the long-run workability and sustainability of competing defense companies in society.
  • From a moral perspective, I am in sympathy with the anarcho-capitalist position, in that I find the compulsory taking of people's income and wealth without their consent for whatever reason to be ethically repugnant.
  • We should focus on what we all agree upon:
  • This means that the Supreme Court has said that you are the slave of "society" and the government that represents "the people," since, in principle, anything that you do or not do can be argued to have some affect, positive or negative, on others.
  • Think about this Court decision. It is saying that if you do not buy health insurance the government will tax you to pay for it. If you refuse to pay the tax, the government will end up attempting to seize financial assets or real property you own in lieu of failure to pay. If you try to prevent this taking of your property, you are subject to arrest and imprisonment. If you resist arrest or imprisonment, the police have the authority to force you to comply – up to and including lethal force to subdue you into obedience.
  • the freedom and dignity of the individual human being; and the attempt whenever and wherever on our part to reduce, repeal and abolish all forms of regulation, control, restriction, prohibition on the peaceful and honest affairs of our fellow men.
  • Once you accept this premise, there is no end to the minutest detail and content of your life and actions the government cannot claim jurisdiction over to regulate, control or prohibit.
  • Here is that end-of-the-road of the notion of unlimited democratic rule by "the people" and those who claim to speak for "the people" and rule on their behalf.
  • Ayn Rand, of course, rejected any connection or compatibility with libertarianism. She argued this on two grounds. First, she felt that too frequently libertarians spoke of individual freedom, free markets and limited government, but failed to explicitly and clearly ground their political-economic ideas in a demonstrable philosophy of man, nature and society.
  • Government control of money is the potentially most dangerous and damaging form of government power short of outright socialism.
  • Rand's political philosophy arises out of the "natural rights" tradition, that rights are inherent in the nature of man and precede government.
  • Mises believed that rights were, in a sense, "social conventions" that had evolved out of the discovery that certain social institutional arrangements were more conducive to the mutual betterment of all members of society for achieving their individual goals and values
  • What they did agree upon was that, given their respective conceptions of the basis of individual rights, there was no social and economic system more consistent with the protection of those rights and more likely to generate the material and cultural achievements that are potentially possible than laissez-faire capitalism.
  • And in the twentieth century, Rand and Mises were two of the most principled and uncompromising advocates for the completely free market society
  • Second, she rejected the anarchist elements in the libertarian movement, believing that any reasonable analysis of the reality of man and the human condition strongly suggested the inescapable need for a single legal standard for defining and enforcing individual rights and a single authority to as impartially and "objectively" as possible enforce laws defending each individual's rights to his life, liberty and honestly acquired property.
  • "Hardly ever do the advocates of free capitalism realize how utterly their ideal was frustrated at the moment the state assumed control of the monetary system . . .
  • A 'free' capitalism with government responsibility for money and credit has lost its innocence.
  • From that point on it is no longer a matter of principle but one of expediency how far one wishes or permits government interference to go.
  • Money control is the supreme and most comprehensive of all governmental controls short of expropriation."
  • Government basically has three ways to acquire the income and wealth of its citizens: taxation, borrowing and printing money
  • So, governments throughout history have turned to the monetary printing press to fund the expenditures not covered by taxes or borrowed money
  • This "non-neutral," or uneven, impact on prices and wages in the economy during the inflationary process brings in its wake distorted profit margins, misallocations of resources and labor and various mal-investments of capital. Here are the seeds for the artificial and unsustainable "booms" that invariably come crashing down in the "bust" once the monetary expansion that has set it all in motion is stopped or slowed down.
  • I believe that the choice and use of money should be left to the market, that is, to the free and voluntary interactive decisions of those buying and selling in the market.
  • I consider a private, competitive free banking system to be the only one consistent with a truly free market society.
Paul Merrell

Canadian Government Says Free Speech is for Offending Muslims - Not Opposing Israel - T... - 0 views

  • Canadian Prime Minister Stephen Harper, January 8, 2015, on Charlie Hebdo shootings: “When a trio of hooded men struck at some of our most cherished democratic principles, freedom of expression, freedom of the press, they assaulted democracy everywhere . . . They have declared war on anybody who does not think and act exactly as they wish they would think and act . . . . they have declared war on any country, like ourselves, that values freedom, openness and tolerance.”
  • CBC, today: “Ottawa threatening hate charges against those who boycott Israel” The Harper government is signaling its intention to use hate crime laws against Canadian advocacy groups that encourage boycotts of Israel. Such a move could target a range of civil society organizations, from the United Church of Canada and the Canadian Quakers to campus protest groups and labour unions. If carried out, it would be a remarkably aggressive tactic, and another measure of the Conservative government’s lockstep support for Israeli Prime Minister Benjamin Netanyahu. . . . The government’s intention was made clear in a response to inquiries from CBC News about statements by federal ministers of a “zero tolerance” approach to groups participating in a loose coalition called Boycott, Divest and Sanction (BDS), which was begun in 2006 at the request of Palestinian non-governmental organizations.
  • Has a #JeSuisBDS hashtag started trending yet on Twitter? Under the new Charlie Hebdo standard — it’s not enough to defend free speech; one must praise and even express the speech targeted with suppression — have all of the newfound free speech crusaders begun organizing pro-Israel-boycott rallies in order to defy these suppression efforts? In a zillion years, could anyone imagine the popularity-craving officials who run PEN America bestowing one of their glamorous awards on advocates of the Israel-targeted Boycott/Divestment/Sanctions movement? The answer to all of those questions is and will remain “no,” because (as I discussed last week here with Bob Wright) the Charlie Hebdo ritual (for most, not all) was about many agendas having nothing to do with the free expression banner under which it paraded. In that regard, Stephen Harper is the perfect Poster Boy for how free expression is tribalistically manipulated and exploited in the West. When the views being suppressed are ones amenable to those in power (e.g., cartoons mocking Islam), free speech is venerated; attempts to suppress those kinds of ideas show that “they have declared war on any country, like ourselves, that values freedom, openness and tolerance.” We get to celebrate ourselves as superior and progressive and victimized, and how good that feels. But when ideas are advocated that upset those in power (e.g. speech by Muslims critical of Western nations and their allies), the very same people acquiesce to, or expressly endorse, full-scale suppression. Thus can the Canadian Prime Minister pompously parade around as some sort of Guardian of Enlightenment Ideals only, three months later, to act like the classic tyrant.
  • ...3 more annotations...
  • Asked to explain what zero tolerance means, and what is being done to enforce it, a spokesperson for Public Safety Minister Steven Blaney replied, four days later, with a detailed list of Canada’s updated hate laws, noting that Canada has one of the most comprehensive sets of such laws “anywhere in the world.”
  • As I’ve argued many times — most comprehensively here — all applications of hate speech laws are inherently tyrannical, dangerous and wrong, and it’s truly mystifying (and scary) that people convince themselves that their judgment is so unerring and their beliefs so sacrosanct that it should be illegal to question or dissent from them. But independent of that, what we see here again is the utter foolishness of endorsing such laws on pragmatic grounds: they will inevitably be used against not just the ideas you hate but the ones you like, and when that happens, if you cheered when such laws were used to suppress the ideas you hate, then you will have no valid ground to object.
  • UPDATE: Various Israel devotees such as David Frum spent the morning insisting the CBC story is false, and now the Canadian government has followed suit, issuing a statement denouncing it. Unfortunately for them, the full email exchange between the CBC reporter, Neil Macdonald, and a spokesman for the Public Safety Department can be read here, and it proves that the CBC story is 100% accurate.
Paul Merrell

Iceland the first European Nation to sign Free Trade Agreement with China | nsnbc inter... - 0 views

  • A Free Trade Agreement (FTA) has been signed in Beijing by Mr. Össur Skarphéðinsson, Minister for Foreign Affairs and External Trade of Iceland, and Mr. Gao Hucheng, Minister of Commerce of the People’s Republic of China, in the presence of the Prime Minister of Iceland and the Premier of China. The agreement, signed on September 15, made Iceland the first European nation to sign and FTA with China. 
  • The central aim of the Iceland-China Free Trade Agreement is to promote trade by abolishing tariffs on imports and to further enhance economic ties between the two countries, reports the Ministry of Foreign Affairs (MoFA) of Iceland, adding that it is in essence similar to other FTAs that Iceland, as a member of European Free Trade Association (EFTA), has already concluded. The new bilateral FTA covers trade in goods and services, rules of origin, trade facilitation, intellectual property rights, competition and investment. Furthermore, the FTA entails that the two states should enhance their co-operation in a number of areas, including on labor matters and the environment, reports the MoFA of Iceland. A Joint Free Trade Commission will supervise the functioning of the FTA and establishes a framework for resolving trade issues that may arise in the future. The Iceland-China Free Trade Agreement will enter into force when legal procedures of acceptance in both countries have been concluded.
Gary Edwards

American Thinker: Sarah Palin's Declaration of Independence - 0 views

  •  
    A declaration of War on the status quo ..... Excellent point-by-point summary of what has to be done to restore American liberty and prosperity, and the important role Sarah Palin can play. This article presents a conservative manifesto describing wha thas to be done to save America. The points are absolutely excellent. Excerpt: Mrs. Palin, you are now free of the Republican Party. The Party needs you more than you need it. To say that the Republican Party, on its own, has a charismatic void is a vast understatement. You are now free to wage all out war on the status quo. More importantly you are free to fashion a Reagan-esque Conservative alliance on your terms. At the risk of being presumptuous, I would suggest the following lines of attack for your war against the Democrats and the Obama/ Pelosi / Frank/ Dodd Economy. Free market capitalism must be emphasized as our only true hope for recovery -- not the crony capitalism of the Democrats..... Points include Energy Policy, Term Limit Congress, Repeal of government over-regulation, Taxes, the Judiciary, Border Protection, Abortion, Foreign Policy, and Dick "the Churchillian" Cheney
Gary Edwards

The Daily Bell - Richard Ebeling on Higher Interest Rates, Collectivism and the Coming ... - 0 views

  • The "larger dysfunction," as you express it, arises out of a number of factors. The primary one, in my view, is a philosophical and psychological schizophrenia among the American people.
  • While many on "the left" ridicule the idea, there is a strong case for the idea of "American exceptionalism," meaning that the United States stands out as something unique, different and special among the nations of the world.
  • the American Founding Fathers constructed a political system in the United States based on a concept on which no other country was consciously founded:
  • ...95 more annotations...
  • But the American Revolution and the US Constitution hailed a different conception of man, society and government.
  • n the rest of the world, and for all of human history, the presumption has been that the individual was a slave or a subject to a higher authority. It might be the tribal chief; or the "divinely ordained" monarch who presumed to rule over and control people in the name of God; or, especially after the French Revolution and the rise of modern socialism, "the nation" or "the people" who laid claim to the life and work of the individual.
  • the idea of individual rights.
  • That is, as long as the individual did not violate the equal rights of others to their life, liberty and property, each person was free to shape and guide his own future, and give meaning and value to his own life as he considered best in the pursuit of that happiness that was considered the purpose and goal of each man during his sojourn on this Earth.
  • Governments did not exist to give or bestow "rights" or "privileges" at its own discretion.
  • Governments were to secure and protect each individual's rights, which he possessed by "the nature of things."
  • The individual was presumed to own himself. He was "sovereign."
  • The real and fundamental notion of "self-government" referred to the right of each individual to rule over himself.
  • Each individual, by his nature and his reason, had a right to his life, his liberty and his honestly acquired property.
  • during the first 150 years of America's history there was virtually no Welfare State and relatively few government regulations, controls and restrictions on the choices and actions of the free citizen.
  • But for more than a century, now, an opposing conception of man, society and government has increasingly gained a hold over the ideas and attitudes of people in the US.
  • It was "imported" from Europe in the form of modern collectivism.
  • The individual was expected to see himself as belonging to something "greater" than himself. He was to sacrifice for "great national causes."
  • He was told that if life had not provided all that he desired or hoped for, it was because others had "exploited" him in some economic or social manner, and that government would redress the "injustice" through redistribution of wealth or regulation of the marketplace.
  • If he had had financial and material success, the individual should feel guilty and embarrassed by it, because, surely, if some had noticeably more, it could only be because others had been forced to live with noticeably less.
  • left on its own, free competition tends to evolve into harmful monopolies and oligopolies, with the wealthy "few" benefiting at the expense of the "many."
  • They are the crises of the Interventionist-Welfare State: the attempt to impose reactionary collectivist policies of political paternalism and redistributive plunder on a society still possessing parts of its original individualist and rights-based roots.
  • it is in the form of communism's and socialism's critique of capitalism.
  • Unregulated capitalism leads to "unearned" and "excessive" profits; unbridled markets generate the business cycle and the hardships of recessions and depressions;
  • These two conflicting conceptions of man, society and government have been and are at war here in the United States.
  • And if it cannot be gotten and guaranteed through the redistributive mechanisms of the European Union and the euro, well, maybe we should return power to our own nation-states to provide the jobs, the social "safety nets" and the financial means to pay for it through, once again, printing our own national paper currencies.
  • This is the political-philosophical bankruptcy of the West and the dead ends of the collectivist promises of the last 100 years.
  • Ludwig von Mises's book, Socialism: An Economic and Sociological Analysis, originally published in 1922, demonstrated how and why a socialist, centrally planned system was inherently unworkable.
  • The nationalization of productive property, the abolition of markets and the prohibition of all competitive exchange among the members of society would prevent the emergence and operation of a price system, without which it is impossible to know people's demands for desired goods and the relative value they place on them.
  • It also prevents the emergence of prices for the factors of production (land, labor, capital) and makes it impossible to know their opportunity costs – the value of those factors of production in alternative competing uses among entrepreneurs desiring to employ them.
  • Without such a price system the central planners are flying blind, unable to rationally know or decide how best to utilize labor, capital and resources in productively efficient ways to make the goods and services most highly valued by the consuming public.
  • Thus, Mises concluded, comprehensive socialist central planning would lead to "planned chaos."
  • And, therefore, there is no guarantee that the amount of investments undertaken and their time horizons are compatible with the available resources not also being demanded and used for more immediate consumer goods production in the society.
  • As a consequence, financial markets do not work like real markets.
  • Thus, the interventionist state leads to waste, inefficiency and misuses of resources that lower the standards of living that we all, otherwise, could have enjoyed.
  • We cannot be sure what the amount of real savings may be in the society to support real and sustainable investment and capital formation.
  • Government intervention prevents prices from "telling the truth" about the real supply and demand conditions thus leading to imbalances and distortions in the market.
  • We cannot know what the "real cost" of borrowing should be, since interest rates are not determined by actual, private sector savings and investment decisions.
  • Government production regulations, controls, restrictions and prohibitions prevent entrepreneurs from using their knowledge, ability and capital in ways that most effectively produce the goods consumers actually want and at the most cost-competitive prices possible.
  • This is why countries around the world periodically experience booms and busts, inflations and recessions − not because of some inherent instabilities or "irrationalities" in financial markets, but because of monetary central planning through central banking that does not allow market-based financial intermediation to develop and work as it could and would in a real free-market setting.
  • But in the United States and especially in Europe, government "austerity" means merely temporarily reducing the rate of increase in government spending, slowing down the rate at which new debt is accumulating and significantly raising taxes in an attempt to close the deficit gap.
  • The fundamental problem is that over the decades, the size and scope of governments in the Western world have been growing far more than the rates at which their economies have been expanding, so that the "slice" of the national economic "pie" eaten by government has been growing larger and larger, even when the "pie" in absolute terms is bigger than it was, say, 30 or 40 years ago.
  • European governments, in general, take the view that "austerity" means squeezing the private sector more through taxes and other revenue sources to avoid any noticeable and significant cuts in what government does and spends.
  • So there is "austerity" for the private sector and a mad rush for financial "safety nets" for the government and those who live off the State.
  • In reality, of course, it is the burdens of government regulation, taxation and impediments to more flexible labor and related markets that have generated the high unemployment rates and the retarded recovery from the recession.
  • Instead, the "common market" ideal has been transformed into the goal of a European Union "Super-State" to which the individual countries and their citizens would be subservient and obedient.
  • Keynesian policies offer people and politicians what they want to hear. Claiming that any sluggish business or lost jobs are due to a lack of "aggregate demand," Keynes argued that full employment and profitable business could only be reestablished and maintained through "activist" government monetary and fiscal policy – print money and run budget deficits.
  • What Britain and Europe should have as its goal is the ideal of the classical liberal free traders of the 19th century – non-intervention by governments in people's lives, at home and abroad. That is, a de-politicization of society, so people may freely work, trade and travel as they peacefully wish, with government merely the protector of people's individual rights.
  • Take the benefits away and tell people they are free to come and work to support themselves and their families. Restore more flexibility and competitiveness to labor markets and reduce taxes and business regulations.
  • Then those who come to Britain's shores will be those wanting freedom and opportunity without being a burden upon others.
  • What was needed was a change in ideas from the statist mentality to one of individual freedom and unhampered free markets.
  • In an epoch of collectivist ideas, don't be surprised if governments regulate, control, intervene and redistribute wealth.
  • The tentacle of regulations, restrictions and politically-correct social controls are spreading out in every direction from Brussels and its European-wide manipulating and mismanaging bureaucracy.
  • In the name of assuring "national prosperity," politicians could spend money to buy the votes that get them elected and reelected to government offices.
  • And every special interest group could make the case that government-spending programs that benefitted them were all reasonable and necessary to assure a fully employed and growing economy.
  • Furthermore, the Keynesian rationale for government deficit spending enabled politicians to seem to be able to offer something for nothing. They could offer, say, $100 of government spending to voters and special interest groups but the tax burden imposed in the present might only be $75, since the remainder of the money to pay for that government spending was borrowed. And that borrowed money would not have to be repaid until some indefinite time in the future by unspecific taxpayers when that "tomorrow" finally arrived.
  • instability
  • Keynes argued that the market economy's inherent
  • arose from the
  • who were subject to irrational and unpredictable waves of "optimism" and "pessimism."
  • animal spirits" of businessmen
  • Mises argued that there was nothing inherent in the market economy to bring about these swings of economic booms followed by periods of depression and unemployment.
  • If markets got out of balance with the necessity of an eventual correction in the economy to, once again, set things right, the source of this instability was government monetary policy.
  • Central banks too often followed a policy of trying to create "good times" in the economy by expanding the money supply through the banking system.
  • With new, excess funds created by the central bank available for lending, banks lower rates of interest to attract borrowers.
  • But this throws savings and investment out of balance, since the rate of interest no longer serves as a reliable indicator and signal concerning the availability of real savings in the economy in relation to those wanting to borrow funds for various investment purposes.
  • The economic crisis comes when it is discovered that all the claims on resources, capital and labor for all the attempted consumption and investment activities in the economy are greater than the actual and available amounts of such scarce resources.
  • The recession period, in Mises's view, is the necessary "correction" period when in the post-boom era, people must adapt and adjust to the newly discovered "real" supply and demand conditions in the market.
  • Any interference with the "rebalancing" of the economy by government raising taxes, imposing more regulations, or new artificial government "stimulus" activities merely makes it more difficult and time-consuming for people in the private sector to get the economy back on an even keel.
  • Friedrich A. Hayek, once observed, unemployment is not "caused" by stopping an inflation, but rather inflation induces the artificial employments that cannot be sustained and which inevitably disappear once the inflation is reined in.
  • The recession of 2008-2009 was the result of several years of central bank stimulus.
  • From 2003 to 2008, the Federal Reserve increased the money supply by about 50 percent.
  • Interest rates for much of this time, when adjusted for inflation, were either zero or negative.
  • Awash in cash, banks extended loans to virtually anyone, with no serious and usual concern about the borrower's credit-worthiness.
  • This was most notably true in the housing market, where government agencies like Fannie May and Freddie Mac were pressuring banks to make mortgage loans by promising a guarantee that they would make good on any bad home loans.
  • Since 2008-2009, the Federal Reserve has, again, turned on the monetary spigot, increasing its own portfolio by almost $3 trillion, by buying US Treasuries, US mortgages and other assets.
  • So why has there not been a complementary explosion of price inflation?
  • In some areas there has been, most clearly in the stock market and the bond market, But the reason why all that newly created money has not brought about a higher price inflation is due to the fact that a large part of all newly created money is sitting as unlent reserves in banks.
  • This is because the Federal Reserve has been paying banks a rate of interest slightly above the market interest rates to induce banks not to lend.
  • (a) general "regime uncertainty," that is, no one knows what government policy will be tomorrow; will ObamaCare be fully implemented after January 2014?;
  • Among the reasons for the sluggish jobs growth in the US are:
  • (b) what will taxes be for the rest of the current president's term in the White House
  • (c) what will the regulatory environment be like for the next three years – in 2012, the government implemented around 80,000 pages of regulations as printed in the Federal Registry;
  • (d) how will the deficit and debt problems play out between Congress and the White House and will it threaten the general financial situation in the country; an
  • (e) what wars, if any, will the government find itself involved in, in places like the Middle East?
  • China
  • is still a controlled and commanded society, with a government that works hard to try to determine what people read, see and think.
  • All these building projects have been brought into existence by a government that not only controls the money supply and manipulates interest rates but also heavy-handedly tells banks whom to specifically loan to and for what investment activities.
  • Central planning is alive and well in China, with the motives being both power and profits for those inside and outside the Communist Party having the most influence and connections in "high" places.
  • In my opinion, China is heading for a great economic crisis, resulting from a highly imbalanced and distorted economic system still guided far more by politics than sound market decision-making.
  • global financial markets in any foreseeable future. It is a money that still primarily exists to serve the political purposes of those who sit in the "inner circles" of power in Beijing.
  • One hundred years ago, in 1913, how many could have predicted that a year later a European-wide war would break out that would lead to the destruction of great European empires and set the stage for the rise of totalitarian collectivism that resulted in an even worse global war two decades later?
  • Thus, whether, at the end of the day, freedom triumphs and the future is one of liberty and prosperity is partly on each one of us.
  • Near the end of his great book, Socialism, Ludwig von Mises said:
  • "Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. Therefore, everyone, in his own interest, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us . . . Whether society shall continue to evolve or where it shall decay lies . . . in the hands of man."
  • In my view, the idea of a "soft landing" is an illusion based on the idea held by central bankers, themselves, that they have the wisdom and ability to know how to "micro-manage" the all the changes and adjustments resulting from their own manipulations of the monetary aggregates. They do not have this wisdom and ability. So hold on for what is most likely to be another rocky road.
  • It was Mises's clear vision that once society has broken the relationship between value and payment, sooner or later people would not know the price of anything.
  • At this point, investment ceases and business becomes furtive and transactional.
  • People cannot plan for the future because they do not understand the reality of the present.
  • Society begins to sink.
  •  
    Incredible.  A simple explanation that explains everything.  Rchard Ebeling's "Unified Theory of Everything" is something every American can understand.  If only they would take a break from "Dancing with the Stars" and pay attention to the future of their country and the world.  It's a future where either "individual freedom", as defined by our Constitution and Declaration of Independence, will win out; or, the forces of fascist socialism / marxism will continue to roll and rule.  Incredible read!!!!
Paul Merrell

Governor Cuomo Proposes Free Tuition to New Yorkers Making Up to $125,000 Per Year - ns... - 0 views

  • Governor Andrew M. Cuomo unveiled his first signature proposal of his 2017 agenda, making college tuition-free for New York’s middle class families at all SUNY and CUNY two-and-four-year colleges.
  • Cuomo made his announcement accompanied by U.S. Senator Bernie Sanders at LaGuardia Community College. The First-in-the-Nation-Program aims at providing free tuition to New Yorkers making up to  $125,000 Per Year at all SUNY and CUNY Two- and Four-Year Colleges. New York’s tuition-free college degree program, the Excelsior Scholarship, is the first of its kind in the nation and will help alleviate the burden of student debt while enabling thousands of students who otherwise would be unable to realize their aspirations. The first-in-the-nation plan would be phased in over three years, beginning for New Yorkers making up to $100,000 annually in the fall of 2017, increasing to $110,000 in 2018, and reaching $125,000 in 2019. Cuomo stressed that 75 years ago, when the economy still was manufacturing-based, one could work at a factory and be O.K. He added, what high school was 75 years ago, college is now. He added that higher education is a necessity to succeed in today’s global economy. The new Excelsior Scholarships Program aims at encouraging more students to graduate on time, helping to improve graduation rates at New York Public Colleges. Under this proposal, more than 940,000 middle-class families and individuals making up to $125,000 per year would qualify to attend college tuition-free at all public universities in New York State. Let’s make college a reality, not a dream for New York’s middle class, said Cuomo.
  •  
    'Twould be nice to see this happen in all states and for all levels of education. Why only a bachelor's degree?
Gary Edwards

How can Obama say the economy is getting better? | Western Free Press - 0 views

  •  
    Devastating charts comparing the percentage of Americans in the work force from January 2000 through February 2012.  The most interesting numbers show that the recession began in December of 2007, and ended in June of 2009 - yet it is after that June 2009 date that the % of Americans in the workforce begins to drop like a rock!  This is after the Obmaulous stimulous $1.2 Trillion, the Federal Reserve Bankster Cartels secret $16.1 Trillion, and, the magnificent cash-for-clunkers crap. Meanwhile, back in la la land, Obama thinks the problem is that we all need free contraceptives, free abortions and free sex-change coverage in our health insurance.  The Obama Spend-Borrow-Bail train has left the station.  Next stop?  War with Iran.  More powerful a phony narrative than contraceptives, abortions, and fear of a conservative repubican praying in the White House.  Besides, those bastards are refusing to use the dollar as the settlement currency for their oil sales!  Time to put them in the dirt along with that rogues gallery of tyrants who also defied the Federal Reserve International Bankster Cartel, demanding settlement currencies measured in GOLD instead of paper dollars; gallery includes notables such as Saddam Hussein, Muammar Gaddafi, and the Shah of Iran. Nothing like the Marines and the Seventh Fleet being unleashed to turn around the dismal poll numbers stubbornly connected to the even more dismal disaster known throughout the hinterland of bitter clingers as the economic truth. excerpt: Is President Obama relying on the Bureau of Labor statistics to manipulate the unemployment numbers to make them look better than they are? The real rate is probably more like 11.5%, and we have seen analyses that indicate that unemployment hasn't actually fallen at all under Obama: So what is going on here? The big problem is that people are giving up. Obama and the Democrats' job-killing regulations and climate of uncertainty are stifling innovation and inv
Gary Edwards

Obama To Americans: You Don't Deserve To Be Free - Forbes - 1 views

  • President Obama’s Kansas speech is a remarkable document. In calling for more government controls, more taxation, more collectivism, he has two paragraphs that give the show away. Take a look at them. there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes–especially for the wealthy–our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty. Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ’50s and ’60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.
  • Though not in Washington, I’m in that “certain crowd” that has been saying for decades that the market will take care of everything. It’s not really a crowd, it’s a tiny group of radicals–radicals for capitalism, in Ayn Rand’s well-turned phrase. The only thing that the market doesn’t take care of is anti-market acts: acts that initiate physical force. That’s why we need government: to wield retaliatory force to defend individual rights. Radicals for capitalism would, as the Declaration of Independence says, use government only “to secure these rights”–the rights to life, liberty, property, and the pursuit of happiness. (Yes, I added “property” in there–property rights are inseparable from the other three.) That’s the political philosophy on which Obama is trying to hang the blame for the recent financial crisis and every other social ill. But ask yourself, are we few radical capitalists in charge? Have radical capitalists been in charge at any time in the last, oh, say 100 years?
  • I pick 100 years deliberately, because it was exactly 100 years ago that a gigantic anti-capitalist measure was put into effect: the Federal Reserve System. For 100 years, government, not the free market, has controlled money and banking. How’s that worked out? How’s the value of the dollar held up since 1913? Is it worth one-fiftieth of its value then or only one-one-hundredth? You be the judge. How did the dollar hold up over the 100 years before this government take-over of money and banking? It actually gained slightly in value.
  • ...5 more annotations...
  • Laissez-faire hasn’t existed since the Sherman Antitrust Act of 1890. That was the first of a plethora of government crimes against the free market.
  • The typical Republican would never, ever say “the market will take care of everything.” He’d say, “the market will take care of most things, and for the other things, we need the regulatory-welfare state.” They are for individualism–except when they are against it. They are against free markets and individualism not only when they agree with the Left that we must have antitrust laws and the Federal Reserve, but also when they demand immigration controls, government schools, regulatory agencies, Medicare, laws prohibiting abortion, Social Security, “public works” projects, the “social safety net,” laws against insider trading, banking regulation, and the whole system of fiat money.
  • Even you, dear reader, are probably wondering how on earth anyone could challenge things like Social Security, government schools, and the FDA. But that’s not the point. The point is: these statist, anti-capitalist programs exist and have existed for about a century. The point is: Obama is pretending that the Progressive PGR -2.02% Era, the New Deal, and the Great Society were repealed, so that he can blame the financial crisis on capitalism. He’s pretending that George Bush was George Washington.
  • What Obama is indeed responsible for is the injustice of robbing some to (allegedly) benefit others. To the extent that cronyism, not the free market, sets income, that is an injustice to be laid at the statists’ door.
  • There is no such problem as “unemployment” under capitalism. Prices fall to clear the market. Twice the work force could be employed if average wages dropped in half. But that’s nominal wages; with a constant money supply, prices would also fall in half–or slightly more than that. This isn’t just theory. America’s workforce has grown steadily decade after decade, yet the standard of living has risen at the same time. I grant you that the rise has slowed as statist intervention has grown. Think of the phenomenal progress between, say 1900 and 1920 as compared to the minor progress from 1993 to 2013. Most of the progress in the last 20 years has come in the freest area of the economy: electronics and computing.
  •  
    Harry Binswanger defends laissez-faire capitalism, using Ayn Rand Objectivism.
  •  
    The major problem with Ayn Rand Objectivism is that it's an "ism." The Utopian ideal it is based on has never existed in reality and likely never will; its principles have never been tested. Moreover, I will argue that Binswanger is incorrect in arguing that the anti-capitalist phenomenon in America began with creation of the Federal Reserve; it dates much farther back. The economic basis for the Revolutionary War was largely the Crown-granted monopolies granted to the first great British "companies" (corporations), which had the effect of forcing North American colonists to pay monopoly rents for common goods and kept American ship owners from importing those goods from elsewhere to sell at a lower price. The Founding Fathers were strongly against privately-owned corporations and government-granted monopolies, with only two exceptions, copyrights for literary works and patents for inventions. The Constitution's prohibition against government-granted monopolies is implicit in its allowance for only two narrowly-defined types. The Founding Fathers' writings explicitly discussed the difference between "natural" monopolies and those created by government or anti-competitive conduct. During the early years of the nation corporations were permitted by the States, but only for public purposes, usually for public works such as bridges or roads for which there was a need to amass capital. These early American corporations were usually chartered only for the time required to complete the public work and to recover the invesment and a small profit, e.g., from tolls for using a bridge or road. Many of the early state constitutions explicitly limited the lifetime of corporations. However, such early opposition to corporations gradually eroded; corporate purposes were expanded, corporations were granted perpetual life, and the corporate form of doing business became much more widespread. Here, it is important to recognize that corporations are market artificialities c
1 - 20 of 749 Next › Last »
Showing 20 items per page