Friday, October 30, 2009

Public Option is a Trojan Horse

This quick video shows all the big Democrat players talking about the public option paving the way to an eventual single-payer system. President Obama told reporters that those claiming the public option was a Trojan horse for such were lying. Who's lying? You decide (YouTube, 4m, 8s):

Wednesday, October 21, 2009

Add LibertySearch.info to Your Browser

I've enabled adding LibertySearch.info to your browser's search bar if you use either Firefox or Internet Explorer. It's very simple.

For Firefox, go to http://www.libertysearch.info. Once loaded, click the drop-down on the search bar (as seen below in the picture) and click "Add 'LibertySearch.info". Done.



For Internet Explorer (IE), go to http://www.libertysearch.info. Once loaded, click the drop-down on the search bar (as seen below in the first picture) and click "Add Search Providers" and then "LibertySearch.info". It will then ask you if you want to add it as a search provider (as seen below in the second picture). Click "Add Provider". Setting as your default is optional. Done.




You're now set to use LibertySearch.info directly from your browser!

Monday, October 19, 2009

Introducing "LibertySearch.info"

I'm happy to announce the creation of my latest website, LibertySearch.info. I'm constantly going to Google and searching for things on specific sites that I've come to trust as valuable resources on liberty. I decided to create a one-stop search that is limited to just those resources. Check out LibertySearch.info and if you'd like, there's code on the right to put the search bar on your own site. Enjoy!

Monday, October 12, 2009

End The Fed Now

There's one reason why the dollar has lost 95% of it's value since 1913, the economy experiences booms and bubbles, and then busts, government has grown, liberty has been lost, and massive, on-going wars have been financed all over the world. That reason is central banking. In the United States, central banking is known as the Federal Reserve System. Ron Paul's latest book calls for the end of the Federal Reserve System. Here are a few excerpts from his chapters in "End the Fed" explaining why we must abolish the Federal Reserve:

Why You Should Care
"Everybody thinks about money and almost everybody wants more. We use money without thinking much about its nature and function. Few of us ask where it comes from, who controls it, why it has value, and why it loses value from time to time.

In the same way, most people accept the Federal Reserve, the manager of the nation's money stock, as an indispensable institution that the United States cannot function without, and so they don't question it. But I assure you, especially in this post-meltdown world, that it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering fundamental issues about money and its quality, as well as the Fed's massive role in manipulating money to our economic ruin."
Central Banks and War
"Following the creation of the Fed, the government would discover other uses for an elastic money supply aside from keeping the banking system from defaulting on its obligations. It would prove useful in funding war. It is no coincidence that the century of total war coincided with the century of central banking. When governments had to fund their own wars without a paper money machine to rely upon, they economized on resources. They found diplomatic solutions to prevent war, and after they started a war they ended it as soon as possible."
The Gold Commission
"Whenever I talk of a gold standard, there are always people ready to accuse me of having some obsession or fixation. Fetish is a word thrown around. In fact, I'm only observing reality: the idea of sound money in most of human history has been bound up with gold money. Can there be sound money without a gold standard? In principle, yes. And I'd be very happy for a system that would permit markets to once again choose the most suitable money, whatever that turns out to be. I'm not for government imposing any particular standard: no central bank, no legal tender, no privilege for any commodity chosen as a backing for the currency."
The Current Mess
"Although the Fed was primarily responsible for the financial bubbles, the malinvestments, and the excessive debts, other policies significantly contributed to the distortions that had to be corrected. Artificially low rates of interest orchestrated by the Fed induced investors, savors, borrowers, and consumers to misjudge what was going on. Multiple mistakes were made. The apparent prosperity based on the illusion of such wealth and savings led to misdirected and excessive use of capital. The false information generated by the Federal Reserve policy led to a false confidence that all would be well."
Why End the Fed?
"The Federal Reserve should be abolished because it is immoral, unconstitutional, impractical, promotes bad economics, and undermines liberty. Its destructive nature makes it a tool of tyrannical government.

Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

The Federal Reserve's monetary policy has brought us to where we are today, in a tragic economic mess."
The Philosophical Case
"The process of monetary debasement, by inflating the money supply, redistributes wealth unfairly and dangerously from the middle class to the wealthy. It's based on the principles of fraud and is equivalent to counterfeiting. Its goals are achieved through stealth and are difficult for the masses to recognize. Instead, the people are conditioned to believe that easy credit, monetizing debt, and affirmative action loans are reflective of good economic policy and are morally motivated.

The tragedy is only recognized when the fraud of an immoral, unsustainable monetary inflation comes to an end. That is what we're suffering from today."
The Constitutional Case
"The Constitution is clear about no paper money. Only gold and silver were to be legal tender. Since the states caused themselves harm when they issues their own paper money, the states were prohibited as well from issuing paper currency under the Constitution. Article I, Section 10: 'No state shall... make anything but gold and silver coin a tender in payment of debts.' So there you have it, plain and simple: paper money is unconstitutional, period."
The Economic Case
"By manipulating the supply of money and setting interest rates, the Fed has practiced backdoor economic planning. The Fed essentially keeps interest rates lower than they otherwise would be. In a free market, low rates would indicate adequate savings and signal the businessperson that it's an opportune time to invest in capital projects. But the system the Fed operates discourages savings, and the credit created out of thin air serves as the signal for investors to spend, invest, and borrow excessively, compared to a system where interest rates are set by the market...

...The Federal Reserve is responsible for the boom-bust cycles. It's responsible for price inflation, recession, depression, and excessive debt. Although the central bank can get away with mismanagement of the economy for long periods of time, its policies are always destructive. Unchecked, the policies of a central bank lead to financial chaos, an example of which we are now experiencing."
The Way Out
"While a gold standard would be a wonderful change, we shouldn't wait for one before we end the Fed. The dollar has a preeminent role in the world economy. It benefits from its long history as a hard money. This will not change in a post-Fed world. The dollar could continue on as it is today, and its value would start to rise once markets were convinced that the money supply would be fixed."
This is a must read, as well as the suggested reading he lists in the back of the book. Get it here at Amazon.

Thursday, October 8, 2009

Current State of IP is a Joke

Whatever your feelings towards intellectual property (IP), I think it's obvious that IP law around the world, and especially the United States is in dire need of serious reform (unlikely, says Stephan Kinsella). Patent and copyright limits need to be reduced substantially, as well as what is and isn't patentable. From the the Against Monopoly blog comes this list of outrageous patents (click through for outrageous judgements too):
Likewise, the PatentLawPractice website/wiki has several resources to show outrageous patents, found here. It's high-time we cut the head off this monopoly monster known as intellectual property.

Tuesday, October 6, 2009

Small Self-Introduction

I recently wrote a self-introduction for the LDS Liberty discussion group I thought I'd share here (hyperlinks added):
My interest in liberty and economics started through reading the weekly columns of economists Walter Williams and Thomas Sowell in my local paper (Deseret News). From there, I explored the world of economics and have fallen in love with the Austrian School.

Understanding economics helped me see the consequences of bad public policy, usually passed under the best of intentions. I recommend everyone get a basic understanding of economics. As Ludwig von Mises, pioneer of the Austrian School, said, "A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties." As well, Murray Rothbard, also a pioneer of the Austrian School, said "It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." Economics has become a passion of mine.

The free-market, where it has been allowed to flourish, has brought millions upon millions out of poverty. I know this to be true. There is proof all around us. Likewise, any bit of government intervention inevidably leads to more intervention, trying to fix the mistakes that the previous intervention caused (all while denying that the problems arose through government intervention). There is ample proof of this in the current economic crises in the U.S. and the world.

I also believe limited government, so long as men aren't angels, is extremely difficult to preserve. There is strong evidence for this. As a libertarian, I oppose unjust aggression (initiatory). So long as limited government evolves into unlimited government, all government must be opposed. We cannot concede any ground. The Constitution, I believe, is a standard that holds men accountable to how they behave as officers of government. For that, I believe it is inspired of God, but since men are mortal, the Constitutional government hasn't lasted. Until men repent of their sins in imposing their will by force on others through the power of the state, and covenant with God to keep his commandments, the Constitution may as well not exist. In the words of 19th century libertarian-anarchist Lysander Spooner, "But whether the Constitution really be one thing, or another, this much is certain - that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist." More accurately, men are unfit for the Constitution, I believe.

Thursday, October 1, 2009

In an Ideal America

Every person should be free
  • to pursue his ambition to the full extent of his abilities, regardless of race or creed or family background.
  • to associate with whom he pleases for any reason he pleases, even if someone else thinks it's a stupid reason.
  • to worship God in his own way, even if it isn't "orthodox."
  • to choose his own trade and to apply for any job he wants — and to quit his job if he doesn't like it or if he gets a better offer.
  • to go into business for himself, be his own boss, and set his own hours of work — even if it's only three hours a week.
  • to use his honestly acquired property or savings in his own way — spend it foolishly, invest it wisely, or even give it away.
  • to offer his services or products for sale on his own terms, even if he loses money on the deal.
  • to buy or not to buy any service or product offered for sale, even if the refusal displeases the seller.
  • to disagree with any other person, even when the majority is on the side of the other person.
  • to study and learn whatever strikes his fancy, as long as it seems to him worth the cost and effort of studying and learning it.
  • to do as he pleases in general, as long as he doesn't infringe the equal right and opportunity of every other person to do as he pleases.
The above, in a nutshell, is the way of life that the libertarian philosophy commends. It is the way of individual liberty, of the free market, of private property, of government limited to securing these rights equally for all.

Leonard E. Read
Publisher, The Freeman
November 1954