Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Archive for the ‘*Take Action’ Category

Self-ownership – Not a “politically correct” concept

Posted by Jesse on February 17, 2009

The latest podcast feed is better than the originals. Episode 2 – Self-ownership spells out the logical foundation for individual liberty.

This seemingly self-evident idea is one of the core reasons libertarians are so confident that people generally are libertarian at heart, even if the ideas aren’t applied consistently to other social/political issues.

Kane, er…Citizen X does a good job of keeping the libertarian case simple to understand. Learning how to apply the concepts of power and responsibility in our personal lives is the hard part.

Libertyradiounderground.com

lru

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Young American Revolution

Posted by Jesse on February 15, 2009

yar-med

Posted in *Take Action, america, anarcho capitalism, anarchy, antiwar, barack obama, books, business, campaignforliberty, capitalism, central banking, collectivism, congress, Constitution, culture, Current Events, democrat, economics, Education, election 2008, federal reserve, free market, government, international, Libertarian, life, limited government, middle east, military, minarchist, Mises, news, obama, old right, personal, philosophy, Politics, republican, revolution, Rights, Ron Paul, Rothbard, senate, socialism, society, writing | Tagged: , , , , , | Leave a Comment »

Book for the times – The Death of Politics

Posted by Jesse on February 8, 2009

From Liberty, as it is

This is not a time of radical, revolutionary politics. Not yet. Unrest, riot, dissent and chaos notwithstanding, today’s politics is reactionary. Both left and right are reactionary and authoritarian. That is to say: Both are political. They seek only to revise current methods of acquiring and wielding political power. Radical and revolutionary movements seek not to revise but to revoke. The target of revocation should be obvious. The target is politics itself.

Radicals and revolutionaries have had their sights trained on politics for some time. As governments fail around the world, as more millions become aware that government never has and never can humanely and effectively manage men’s affairs, government’s own inadequacy will emerge, at last, as the basis for a truly radical and revolutionary movement. In the meantime, the radical-revolutionary position is a lonely one. It is feared and hated, by both right and left — although both right and left must borrow from it to survive. The radical-revolutionary position is libertarianism, and its socioeconomic form is Laissez-faire capitalism.

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Obama ignores largest National Security threat – the Pentagon

Posted by Jesse on February 5, 2009

From antiwar.com radio:

Chalmers Johnson, author of Nemesis: The Last Days of the American Republic, discusses the enormous and expanding U.S. defense budget amidst a general economic collapse, the army of defense lobbyists ready to fight against any spending cuts, how military spending diverts economic resources away from beneficial uses and how defense contractors make the largest and most dubious defense projects into sacred cows by spreading production to as many congressional districts as possible.

MP3 here. (22:46)

Chalmers Johnson is the author of Blowback: The Costs and Consequences of American Empire, The Sorrows of Empire: Militarism, Secrecy, and the End of the Republic and Nemesis: The Last Days of the American Republic. His latest article, “Economic Death Spiral at the Pentagon”, co-written with Tom Engelhardt, is at Tomdispatch.com and at Antiwar.com.

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See: The Political Economy of Fear:

At every point, opportunists latch onto existing fears and strive to invent new ones to feather their own nests. Thus, public-school teachers and administrators agree that the nation faces an “education crisis.” Police departments and temperance crusaders insist that the nation faces a generalized “drug crisis” or at times a specific drug crisis, such as “an epidemic of crack cocaine use.” Public-health interests foster fears of “epidemics” that in reality consist not of the spread of contagious pathogens but of the lack of personal control and self-responsibility, such as the “epidemic of obesity” or the “epidemic of juvenile homicides.” By means of this tactic, a host of personal peccadilloes has been medicalized and consigned to the “therapeutic state” (Nolan 1998, Szasz 2001, Higgs 1999).

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For a good exposition on why the “Left” is just as bad (if not worse) as the “Right” on the subject of militarism, have a listen:

Justin Raimondo, the editorial director of Antiwar.com, discusses his article “Beware the New Globalism,” the shift in U.S. empire from Bush’s unilaterism to Obama’s multilateralism, how the economic meltdown is only the latest justification for global regulation, the appeal of smaller and more efficient regional governments, the likelihood of increased international cooperation on Iran sanctions and intervention in Africa under the Obama administration and how the U.S. is eschewing a democratic republic in favor of plutocratic socialism.

MP3 here. (53:44)

Justin Raimondo is the editorial director of Antiwar.com. He is the author of An Enemy of the State: The Life of Murray N. Rothbard (Prometheus Books, 2000). He is also the author of Reclaiming the American Right: The Lost Legacy of the Conservative Movement (with an Introduction by Patrick J. Buchanan), (Center for Libertarian Studies, 1993), and Into the Bosnian Quagmire: The Case Against U.S. Intervention in the Balkans (1996).

He is a contributing editor for The American Conservative, a Senior Fellow at the Randolph Bourne Institute, and an Adjunct Scholar with the Ludwig von Mises Institute, and writes frequently for Chronicles: A Magazine of American Culture.

Posted in *Take Action, afghanistan, america, antiwar, barack obama, books, business, campaignforliberty, capitalism, central banking, collectivism, congress, Constitution, culture, Current Events, economics, economy, Education, election 2008, federal reserve, free market, government, history, international, iran, iraq, Libertarian, life, limited government, media, middle east, military, minarchist, news, obama, old right, philosophy, Politics, republican, revolution, Rights, Ron Paul, Rothbard, senate, socialism, society | Tagged: , , , , , , , , , , , , | Leave a Comment »

Keynes wants a World Central Bank – Congress is allowing it to happen

Posted by Jesse on February 5, 2009

For more on the subject of monetary policy and centralization of the economy click on the Rockwell Podcasts links to left.

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Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

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The Insolvency of the Fed

Since August 15, 1971 the US dollar has been an irredeemable paper currency. Every irredeemable paper currency in history has failed. Yet, the experiment of the US dollar and the rest of the fiat paper world continues.

figure11

Average of World Central-Bank Interest Rates (FED, BOJ, BOE, ECB, Switzerland)

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