Liberty Forged

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

Posts Tagged ‘economics’

Freedom Works -> Deny Statism

Posted by Jesse on April 3, 2009

Mises on War

War…is harmful, not only to the conquered but to the conqueror. Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys. (Socialism, p. 59)

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Financial Crisis solved: Start Liquidating Federal Gov’t assets

Posted by Jesse on March 14, 2009

It’s called leading by example

A Forgotten Day and A Forgotten Country Harry Brown

In 1886 the federal debt was $1.40 per person (adjusted for inflation to dollars of 2002 value). In 2002 the federal debt was $21,564 per person.

Free to Plan A Secure Retirement Harry Browne

The federal government owns trillions of dollars worth of assets it doesn’t need and shouldn’t have. These include power companies, pipelines, idle military bases, business enterprises, over 400,000 buildings, oil and mineral rights, commodity reserves, and much more including 29% of all the land in the United States.

When the federal government is reduced to just its Constitutional functions, there will be no reason for it to continue hoarding those assets. They can be sold to the public, putting them in the hands of people who will use them more responsibly and more productively. And the sales will generate the money to clean up the financial mess the politicians have made.

Repudiating the National Debt Murray Rothbard

It is ridiculous for a citizen to be taxed by one arm of the federal government (the IRS), to pay interest and principal on debt owned by another agency of the federal government. It would save the taxpayer a great deal of money, and spare savings from further waste, to simply cancel that debt outright. The alleged debt is simply an accounting fiction that provides a mask over reality and furnishes a convenient means for mulcting the taxpayer.

Social Security, perhaps the most revered institution in the American polity, is also the greatest single racket. It’s simply a giant Ponzi scheme controlled by the federal government. But this reality is masked by the Social Security Administration’s purchase of government bonds, the Treasury then spending these funds on whatever it wishes. But the fact that the SSA has government bonds in its portfolio, and collects interest and payment from the American taxpayer, allows it to masquerade as a legitimate insurance business.

…This combination of repudiation and privatization would go a long way to reducing the tax burden, establishing fiscal soundness, and desocializing the United States.

In order to go this route, however, we first have to rid ourselves of the fallacious mindset that conflates public and private, and that treats government debt as if it were a productive contract between two legitimate property owners.

What is America Harry Browne

If you devote yourself to fighting against the latest political proposal, you may be wasting your time.

The growth of government is inevitable because the major issue has already been decided: there is no longer an America of tiny government, voluntary association, and the free market. So the only arguments now are over how the politicians will run our lives the Republican way or the Democratic way.

Our one hope is to persuade our fellow Americans that a return to the Bill of Rights could bring us much smaller government, much greater personal income, access to more low-cost products and services, and the freedom to live your own life as you think best not as the President or Congress wants.

Every battle is trivial compared to the fight to restore that unique America.

And don’t forget about the Fed

The Solution Murray Rothbard

To save our economy from destruction and from the eventual holocaust of run away inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and of the free-market economy.

Abolish the Fed Ron Paul

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years 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.


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Political Peer Pressure – and Continuity as “Change”

Posted by Jesse on March 13, 2009

“Every state should be laser-focused right now on one issue: jobs, jobs, jobs,”

….”This rejection is less about the people of South Carolina than it is Sanford’s political ambitions,”  said O’Malley, vice chairman of the Democratic Governors Association.

Maybe the vice chairman should go get a real job and stop playing political bully. I wonder what political ambitions he’s talking about? Afraid of a little competition? Of course he is.

South Carolina Rep. James Clyburn, the No. 3 House Democrat, dismissed Sanford’s move as “100 percent political posturing.”

Oh really? And I wonder what Clyburn is getting out of the stimulus? More votes for bringing home the artifical bacon? It sounds to me like these Keynesian schills think Sanford is committing political suicide. So what are they so worried about? Oh right. Jobs. Well, like I said, go get a real job and leave the social engineering to people and out of the reach of political whim and the long arm of the law.

I always look forward to a new installment by Jack Hunter – aka The Southern Avenger – and wasn’t surprised that he dedicated a whole youtube clip to the SC Governnor. I don’t claim to know anything about Mark Sanford and I care nothing for party politics, but I understand very clearly what Hunter is saying and that Sanford has presented himself as a man to be reckoned with. PS- Jindal sucks.

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Principles in Ethics and Property

Posted by Jesse on October 27, 2008

The Economics and Ethics of Private Property by Hans Herman Hoppe

(Review: by David Gordon)

"Do not steal" is an excellent principle of ethics; it is also the first principle of sound economic systems. Hans-Hermann Hoppe elaborates on the sociological implications of this truth. And this is his great work on the topic.

[my notes on this 16 min video intro by the author Hans Herman Hoppe]

central themes of the book

·economics as a moral science.

private property has almost disappeared from economics, although its still an implicit concept by the very nature of exchange.

·attempt to reintegrate ethics and economics; there is a difference between value free positive economics and ethics as a normative discipline (theoretical and applied examples)

[axiomatic ethics: a priori of argumentation, i.e., denying argumentation is impossible. economics (mises): axiom of action, i.e., not acting is acting]

Ethics assumes the ideal of avoiding or mitigating conflict

Scarce resources requires rules of exclusivity

  1. Self Ownership is fundamental
  2. Right to unowned resources

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Secular Ethics (UPB)

Posted by Jesse on October 26, 2008

Stefbot’s Intro, or “Summation”, that describes the relationship involving the mind, material reality, and the concept of truth.

  1. Since material reality behaves is a rational and predictable manner
  2. A statement that is true must describe something that is objective rational and predictable
  3. Those thoughts which are designed to define truth must be objective rational and predictable.

Molyneux concludes Ethics Reloaded! with a definiton of morality

  1. Any theory that attempts to describe and define universally preferable behavior.
  2. Judged as ‘true or ‘false’ first by internal consistency, and then according to general evidence.

Find a whole lot more on politics to philosophy to psychology to economics to relationships to religion at FreedomainRadio.com

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