Liberty Forged

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

Posts Tagged ‘murray rothbard’

World Reserve Currency – China says yes.

Posted by Jesse on March 23, 2009

Bernanke: Oh no, no, no. No ones talking about a World Reserve Currency. We can print our way out of this mess.

Barack Obama: Geez, ya know. We’d be taking a stronger lead towards achieveing the goals I set forth during the campaign, but all these setbacks….this crisis, you know, we couldn’t have anticipated it.

Ron Paul: We are going to have a dollar crisis. I ran for Congress in the 70’s because Nixon removed the last remnants of the gold standard and I knew that would lead to disaster. We need to have sound money, move towards a new gold standard and abolish the Federal Reserve. (Also see: The Case for  a Genuine Gold Dollar)

Financial Times: China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

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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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America’s Libertarian Founding

Posted by Jesse on January 22, 2009

[MP3] The Libertarian Heritage: The American Revolution and Classical Liberalism

“….the Libertarian party achieved this growth while consistently adhering to a new ideological creed — “libertarianism” — thus bringing to the American political scene for the first time in a century a party interested in principle rather than in merely gaining jobs and money at the public trough. We have been told countless times by pundits and political scientists that the genius of America and of our party system is its lack of ideology and its “pragmatism” (a kind word for focusing solely on grabbing money and jobs from the hapless taxpayers). How, then, explain the amazing growth of a new party which is frankly and eagerly devoted to ideology?”

The libertarian creed emerged from the “classical liberal” movements of the seventeenth and eighteenth centuries in the Western world, specifically, from the English Revolution of the seventeenth century. This radical libertarian movement, even though only partially successful in its birthplace, Great Britain, was still able to usher in the Industrial Revolution there by freeing industry and production from the strangling restrictions of State control and urban government-supported guilds. For the classical liberal movement was, throughout the Western world, a mighty libertarian “revolution” against what we might call the Old Order — the ancien régime which had dominated its subjects for centuries.”

From the book “For A New Liberty: The Libertarian Manifesto,” as read by Jeff Riggenbach

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Why Obama’s Inaugural Speech is faulty.

Posted by Jesse on January 20, 2009

Obama will speak on the theme of One America.

The reality is that there are two Americas (at the very least):

Country is a concept of peace, of tolerance, of living and letting live. But State is essentially a concept of power… it signifies a group in its aggressive aspects….

The history of America as a country is quite different from that of America as a State. In one case it is the drama of the pioneering conquest of the land, of the growth of wealth, and the carrying out of spiritual ideals…. But as a State, its history is that of playing a part in the world, making war, obstructing international trade… punishing those citizens who society agrees are offensive, and collecting money to pay for all…

Randolph Bourne, “Unfinished Fragment on the State


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Political Independence and Inevitability

Posted by Jesse on January 10, 2009

The Moral Promise of Political Independence {MP3}

@ College of Charleston in South Carolina [April 1995]

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This list of open letters may provide some answers to the questions people have about Ron Paul and how his platform should be applied and interpreted.

Open Letters on Behalf of Ron Paul

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Middle of the Road Policy Leads to Socialism {Mp3}

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Rothbard As Historian : Liberty vs Power

“My own basic perspective on the history of man ….is to place central importance on the great conflict which is eternally waged between Liberty and Power …. I see the liberty of the individual not only as a great moral good in itself … but also as the necessary condition for the flowering of all the other goods that mankind cherishes: moral virtue, civilization, the arts and sciences, economic prosperity. But liberty has always been threatened by the encroachments of power,power which seeks to suppress, control, cripple, tax, and exploit the fruits of liberty and production. And power is almost always centered in and focused on that central repository of power and violence: the state.
… I see history as centrally a race and conflict between “social power”, the productive consequences of voluntary interactions among men, and state power. In those eras of history when liberty, social power, has managed to race ahead of state power and control, the country and even mankind have flourished. In those eras when state power has managed to catch up with or surpass social power, mankind suffers or declines.”

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From Antiwar.com/radio:

Representative Ron Paul (R-TX) discusses the expansion of the American empire after the collapse of the Soviet Union, how empires lead to the loss of liberty, security and wealth, and long term prospects of the current financial downturn.

MP3 here. (23:43)

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