Old Truth Blog

I thought for my final post of 2008, I would write about the observations I have made both in my personal life and in the goings-on in the world at large. Here it goes: The 2008 Presidential Election It seems as each election comes and goes, more and more time is spent by politicians, beginning earlier and earlier, to sell us on the idea that they are what's best for this country. Being as how this is the first election that I've used my recently developed critical thinking skills towards, it baffles me how much "hope" and "faith" we put into another fallible human being. The position and power of the U.S. presidency has grown so enourmously over the last century that it sickens me to think how much damage one person could ultimately do to our lives. The centralization of power in Washington, and power and corruption displayed by our "leaders" should have our founders rolling around at lightning speeds in their graves. I'm saddened to see what ...

A little late I know, but some much needed comic relief. Enjoy: Santa Claus Bailout Hearing

There are those in the world that believe the earth is or shortly will be overpopulated. That the earth and all of it's resources won't be enough to support the growing size of the human population, and will lead to greater and greater strife and human conflict. Those who believe such are completely wrong and perpetuating an evil myth. (I say evil because the proposed solutions involve a decrease in freedom and an increase in the size and scope of government.) And here to make my point is an article from The Freeman , a publication by the Foundation for Economic Education. I recommend reading the entire article, and if you're still not convinced, feel free to browse through the links below. The Freeman  article can be found here . An excerpt: From the period before Christ, men have been worried about overpopulation. Those concerns have become ever more frenzied. On an almost daily basis we are fed a barrage of stories in the newspapers and on television—complete with such a...

I just read the cover article in my latest copy of The Freeman , the 52-year flagship publication of the Foundation for Economic Education. It is titled "Do Patents Encourage Innovation? The Case of the Steam Engine," found here . It is an interesting article on how history, in this case the history of the steam engine, has shown that patents seem to stifle innovation. Now, I'm not saying that I agree with the authors, but it did spark some thought wanderings on the claim.  To understand how such a claim is strengthened by the case of the steam engine, you'll have to read the article. But the more I think about it, the more I come back to a big question. Though patents may stifle innovation, do they encourage invention? That really is the big question. After all, without a guarantee of monopoly on an idea, just how big is the incentive to invent anything at all. Then again, monopolies hurt consumers by eliminating competition and weakening the incentive to innovate. P...

I've just heard this name and I'm already in love with it. What it means, as explained by David Boaz, president of the Cato Institute, is socializing or nationalizing lemon (read: loser) companies. He goes on in this inteview to talk about the auto bailout, a must watch: David Boaz on "Lemon Socialism"

This video by Daniel Mitchell of the Cato Institute explains why the theory that says the government should increase its spending to boost the economy, as proposed by John Keynes in the early 20th century, relies on several logical fallacies that when examined, both in theory and in practice, prove that Keynes was wrong. Educating yourself on this is especially important during this time in the history of our country. Keynesianism Demolished - by Daniel Mitchell

I'm a little fired up right now after reading about Brittany Zimmerman of New York . She was being attacked, with a knife, and managed to call 911 for help. The problem is, the police didn't arrive for 48 minutes and by then she was already dead and found by her boyfriend. This is a perfect example of why private gun ownership is so important to self defense. Had she been carrying protection in the form of a firearm, no doubt she would still be alive. To insist that the only protection people have a right to is the police is an insult to anyone who values their own life and the lives of their loved ones. I hope we can all learn a lesson from this tragedy on the importance of securing our God-given right to bear arms. My heart goes out to the Zimmerman family and pray that others, living in such dangerous places as New York, are better prepared.

In order to get better educated on how the dollar came to be and why we have the Federal Reserve, I recommended watching this video (via YouTube) by the Ludwig von Mises Institute. Money, Banking and the Federal Reserve - Ludwig von Mises Institute

Here's the link to the full .PDF report titled " More Than 650 International Scientists Dissent Over Man-Made Global Warming Claims. Scientists Continue to Debunk 'Consensus' in 2008 " from the U.S. Senate Environment and Public Works Committee. Here's more of the introduction (the text contains links in the .PDF file): The chorus of skeptical scientific voices grow louder in 2008 as a steady stream of peer-reviewed studies, analyses, real world data and inconvenient developments challenged the UN and former Vice President Al Gore's claims that the "science is settled" and there is a "consensus." On a range of issues, 2008 proved to be challenging for the promoters of man-made climate fears. Promoters of anthropogenic warming fears endured the following: Global temperatures failing to warm; Peer-reviwed studies predicting a continued lack of warming; a failed attempt to revive the discredited “Hockey Stick”; inconvenient developments an...

A full U.S. Senate report should be released today showing the growing number of scientific dissent to the theory of man-made global warming. The pre-release article can be viewed here at the U.S. Senate Committee on Environment and Public Works blog. An excerpt: The UN global warming conference currently underway in Poland is about to face a serious challenge from over 650 dissenting scientists from around the globe who are criticizing the climate claims made by the UN IPCC and former Vice President Al Gore. Set for release this week, a newly updated U.S. Senate Minority Report features the dissenting voices of over 650 international scientists, many current and former UN IPCC scientists, who have now turned against the UN. The report has added about 250 scientists (and growing) in 2008 to the over 400 scientists who spoke out in 2007. The over 650 dissenting scientists are more than 12 times the number of UN scientists (52) who authored the media hyped IPCC 2007 Summary for Policym...

Oh this is too funny, I just had to post a link: The Free Market Clapper - a Flash animation by Mark Fiore

I am currently reading a book by Murray Rothbard titled " For a New Liberty " and it has thus far been very enlightening. I just read the end of Chapter 2 and thought I would post here an interesting point on our right of freedom of speech: Consider, for example, the classic example where liberals generally concede that a person’s “right of freedom of speech” must be curbed in the name of the “public interest”: Justice Holmes’ famous dictum that no one has the right to cry “fire” falsely in a crowded theater. Holmes and his followers have used this illustration again and again to prove the supposed necessity for all rights to be relative and tentative rather than precise and absolute. But the problem here is not that rights cannot be pushed too far but that the whole case is discussed in terms of a vague and wooly “freedom of speech” rather than in terms of the rights of private property. Suppose we analyze the problem under the aspect of property rights. The fellow who bring...

The below is from LewRockwell.com: Thanks to Kevin Duffy for a reminder of what the great entrepreneur Henry Ford said on February 11, 1934: "Let them fail; let everybody fail! I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again." Let it be known that I agree with his position.