Liberty Forged

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

Posts Tagged ‘welfare’

Judge Napolitano: The government must comply.

Posted by Jesse on March 18, 2009

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whatever neffs

Posted by Jesse on March 14, 2009

if business owners expected “customers” to steal and murder, who would ever open a business?

if i pay for a service i expect what i paid for. if i don’t receive good service, why would i want to continue paying for it?

are you looking forward to your social security check in how ever many decades? i know i’m not. where’s the measure of success? i want to see some competition!

if the government is going to give my money to failed banks, “defense” contractors, jail people who smoke pot and try to prop up economic policies that don’t work, or even “invest” in some broad long-term Obama-vision that no one can seem to explain or agree on, why would i want to pay or invest in such an idea? the problem is, unlike in a free market, what choice do i have? they just take the money. and that’s supposed to be a good example of good government?

and then on top of that we have an organization that tries to rule the market too!

Unnatural Disaster by Thomas Woods

“As with all goods, the supply and demand for lending capital determines the price. If more families are saving or more banks are lending, borrowers don’t have to pay as much to borrow, and interest rates go down. If there’s a rush to borrow or a dearth of lending capital, interest rates go up.”

“Thus the interest rate coordinates production across time. It ensures a compatible mix of market forces: if people want to consume now, businesses respond accordingly; if people want to consume in the future, businesses allocate resources to satisfy that desire. The interest rate can perform this coordinating function only if it is allowed to move freely in response to changes in supply and demand. If the Fed manipulates the interest rate, we should not be surprised by discoordination on a massive scale.”

“The more the Fed inflates, the worse the reckoning will be. Every new wave of artificial credit deforms the capital structure further, making the inevitable bust more severe because so much more capital will have been squandered and so many more resources misallocated.”

Also see:

What is the Free Market by Murray Rothbard

The House Poor by Karen de Coster

And it’s this type of analysis I equate with law and rulers. If a dictator ignores the people’s cries [consumer demand] and continues to press on and oppress, eventually there will be all out war. Dictatorial rule is known for ignoring what people need and want. It destroys prosperity and trust. the ruler is acting in self-interest and is only concerned with the general welfare in so far as it affects self-interest. and the general welfare is defined by whatever the laws are, not what you or I think it may be.

i don’t expect you to agree with me, i don’t expect to change your mind, but if you claim to be able to empathize with “poor” people, or “minorities”, then i expect that one should be able to understand a very simple principle as letting people keep what is rightfully theirs, and not simply say “we’re taking from you for your own good”. you have to be able to convince those people and not just oppress them with your political programs. that’s not a very good long-term strategy to say the least.

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Stagflation! Must be that strong economy…

Posted by Jesse on February 29, 2008

The problem with “debt monetization”

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