Liberty Forged

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

Archive for the ‘work’ Category

The [Moral] Case for Gold [Sound Money]

Posted by Jesse on January 9, 2009

What is happening today, but told yesterday

[MP3] Current Economic Conditions [Frank Shostak]

And other goodies….

[MP3] Ron Paul in 1984 @ a Seminar on Money and Government

[Article][MP3] The Economics of a Free Society [Ron Paul]

[Article][MP3] Why the Gov’t Must Stop the Fed’s Massive Pumping [Frank Shostak]

[MP3] Power and Ideology in DC [Jeffrey Tucker]

Posted in america, anarcho capitalism, antiwar, barack obama, books, business, campaignforliberty, capitalism, central banking, collectivism, congress, Constitution, Current Events, democrat, economics, economy, Education, family, federal reserve, free market, Gold, government, history, international, john t flynn, Libertarian, life, limited government, LvMInstitute, media, military, Mises, obama, old right, philosophy, Politics, Pro Market, republican, revolution, Rights, Ron Paul, Rothbard, senate, socialism, society, the fed, work, writing | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Will Obama fight fascism?

Posted by Jesse on January 4, 2009

As the economic situation, (otherwise known as the “crisis” as determined by our fearful leaders and their corporate con-friends), unfolds, we shall see what route Obama will take. As the news of the day filters through the economy, and spews out the mouths of the talking heads and spokespeople for the new administration (as with the last rulers, and those before these!), I think the answer will be clear. Indeed, there is much information already available that shows where  Obama will lead this nation by knowing how he will direct the wealth of the people.

[John T Flynn]:

And so we flirt a little with the idea that perhaps fascism might be set up without these degrading features, that even if there is to be totalitarian government it is to be just a teeny-weeny bit totalitarian and only a teeny bit militarist and imperialist only on the side of God and democracy.

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, economy, Education, family, federal reserve, free market, health, history, international, iran, iraq, john t flynn, lew rockwell, Libertarian, life, limited government, media, middle east, military, obama, old right, panarchy, personal, philosophy, Politics, Pro Market, republican, revolution, Rights, Ron Paul, Rothbard, russia, senate, socialism, society, the fed, work, writing | Tagged: , , , , , , , , | 1 Comment »

Demand and Supply (in other words – “Cough it up”)

Posted by Jesse on December 31, 2008

Gary North on the war for the change in your pocket:

“One of the best tests for determining whether a financial columnist or a professional economist is a Keynesian is to examine his views on personal spending. If he favors an increase of personal spending as a means to stimulate the economy, he is a Keynesian. He may not call himself a Keynesian, but he is a Keynesian.

John Maynard Keynes believed that an economy could become a self-reinforcing economic depression because the general public saved too much money. He believed that the key to economic growth is not productivity, but rather spending. He did not believe that the price system is a reliable system of resource allocation. For example, he did not believe that the interest rate is a price that allocates investments and savings. He believed that it is possible that many people in the economy can save money by hoarding currency – not depositing it in a bank, where it is immediately lent. This, he said, undermined the interest rate’s role in equating savings and investments.

First, this observation is irrelevant in a world in which almost all currency is either deposited in a bank account or sent abroad, where it functions as a currency for black markets.

Second, hoarding currency pressures sellers to reduce prices. This acts as an incentive for people to buy more goods and services with their currency. The supposed excess of supply then disappears. Holding currency is a means of thrift. This thrift produces a positive result: lower prices and therefore greater purchasing power for the currency. This process was disparaged by Keynes as a liquidity trap. It was no trap. It was a benefit for holders of currency.

Keynes and his disciples had a solution to the liquidity trap: increased government spending and monetary inflation. This debases the currency, forcing hoarders to spend. The process by which this was accomplished, worldwide, was World War II. In the name of the war effort, every nation authorized its central bank to inflate.

This is what they are all doing again, in our Keynesian world, in which hardly anyone in the West hoards currency. Central banks are inflating. Governments are running huge deficits.

…………..read the whole article here

The fact that professional economists have returned to Keynesianism – in the words of the Bible, like a dog to its vomit – should not surprise anyone. Professional economists cannot shake their faith in big government. They cannot shake their faith in deficit spending. They also cannot shake their faith in the power of government to increase productivity merely by spending money on boondoggles. They believe in government, and in government boondoggles, with the same kind of commitment that theologians in the Middle Ages believed in scholastic theology. They cannot think outside the box. The box is labeled: “Spend!”

The government is determined to thwart all attempts of individuals to save more money and therefore increase productivity. It is committed to the idea that the individual is unreliable in his commitment to deficit spending. There was even a slight uptick in the second quarter of 2008 in household savings. It rose by a little under 3% per annum. This was a reversal of recent years, when most American households did not increase savings at all. In fact, they actually borrowed a in order to maintain their spending habits.”

Posted in america, anarcho capitalism, barack obama, campaignforliberty, capitalism, central banking, collectivism, economics, economy, Education, family, federal reserve, free market, Gold, government, history, international, life, personal, philosophy, Politics, socialism, society, work, writing | Tagged: , , , , , , , , , | 2 Comments »

Obama a Liar? Say it ain’t so, Joe.

Posted by Jesse on December 6, 2008

I intend to end this war. My first day in office I will bring the Joint Chiefs of Staff in, and I will give them a new mission, and that is to end this war – responsibly, deliberately, but decisively.”

Some may now accuse Obama of flip-flopping. The reality is that we need to understand what the words “end” “war” “residual” and “decisively” mean when we hear Obama say them.

(above except taken from “Obama Doesn’t Plan to End the Iraq Occupation” by Jeremy Scahill)

Of course, such facts are relatively insignificant amongst the broader scope of things: For those that have been trying to sound the alarm; For those that seem to be oblivious to the reality on the ground as opposed to their ‘belief’ about how things are or should be; For those that are looking for a more concrete reason as to why America’s elections are such a waste and the 2 party system an absolute farce;

(Dreading Republican Rule, July 2000)

The glory of American democracy is that it permits us to kick out the nasty tribe of parasitical despots that is currently ruling us. The tragedy is that it installs another group that will do essentially the same thing.

Rockwell concludes:

The central government is no longer an American institution. It is positively un-American. The only possible reason for wanting the Leviathan state to have legitimacy today is the belief that you and your friends are going to be in charge of it. But don’t call that patriotism. It’s nothing more than power lust.

————UPDATE

Andrew Bacevich wouldn’t use the term “liar”, “at least in many cases”, when describing individuals who participate in the military industrial congressional complex and the ‘naked imperialism’. At least not in such matters that really are best described in terms of institutional bureaucracies and the policies adopted.

This interview is great in the sense that it can really help to put to rest some confusion and lay down long held propaganda amongst the populace concerning America’s foreign policy.

From antiwar.com/radio:

Andrew Bacevich, professor of international relations at Boston University and author of The Limits of Power: The End of American Exceptionalism, discusses the negative net returns of U.S. expansionism from the 1960s onward….

MP3 here. (42:03)

Andrew Bacevich is a Professor of International Relations at Boston University, Vietnam War veteran and author of The New American Militarism: How Americans Are Seduced by War, and The Long War: A New History of U.S. National Security Policy Since World War II.

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“The destruction of culture is Progress”

Posted by Jesse on December 5, 2008

Wow. Personally, I’m appalled.

I tried to explain, but I just don’t know how else to say it at this point.

Maybe it’s time for a nice deductive rebuttal.

—-UPDATE——-

I have found an author (Gregory Johnson) who has phrased the objections I posed in a more definite, but similar, manner:

The strength of Hegel’s dialectic is that it is based on the insight that we learn from our mistakes. Dialectic is a process by which we test the adequacy of our concepts by thinking them through in
concrete contexts, causing them to yield up their contradictions and ambiguities and encouraging us to come up with more adequate – that is to say, more coherent – concepts. The weakness of Hegel’s dialectic, especially as it has been appropriated by Marxists, is that it can be mistaken for an abstract method or recipe which can be detached from the concrete, historical and empirical investigations that it depends upon and turned into a perverse sort of irrational “rationalism” in which the dialectician “deduces” social phenomena and historical processes through “negating” their antecedents.

Of course there are many other individuals who may also take issue with such nonsense, but a broader analysis in related material can be found in Mises work: Economics and the Revolt Against Reason

Geist, the mythical prime mover, operates according to a definite plan. He leads mankind through various preliminary stages to the final bliss of socialism. Every stage is the product of a certain state of technology; all its other characteristics are the necessary ideological superstructure of this technological state. Geist causes man to bring about in due time the technological ideas adequate to the stage in which he lives, and to realize them. All the rest is an outgrowth of the state of technology. The hand-mill made feudal society; the steam-mill made capitalism.[9] Human will and reason play only an ancillary role in these changes. The inexorable law of historical development forces men-independently of their wills-to think and to behave according to the patterns corresponding to the material basis of their age. Men fool themselves in believing that they are free to choose between various ideas and between what they call truth and error. They themselves do not think; it is historical providence that manifests itself in their thoughts.

This quote reaffirms my conclusion, an obvious one indeed, that this hegelian dialect is fatalistic to its core. The only aspect of human civilization that is served and can lay claim to “progress” under such assumptions are institutions and organizations that carry in its life-blood, the nature of the state.

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