August 15, 2011

Role of Government

The TGB Report | Thomas G. Brown

The role of government over the past 100 years has been perverted from one which “we the people rule” to “we the people are ruled”. This is the exact opposite of what our founders had envisioned when they broke away from the tyranny of England and created a great Republic in the new world. The key role of government is to protect our natural rights from infringement by man, corporation, states, and nations. This protection also includes protection from our own nation when they over step the boundaries laid out in the U.S. Constitution.

Today we have many problems with our country. Our economy, an increase in crime, and drug use all plague our nation. For over fifty years our political class has written law after law, and allowed more and more regulations to correct these issues. Many of these ideas where well intended but nobody thought of the unintended consequences. Take gun laws in order to prevent violence in a high crime area. Many say that there are too many guns and that if we stop people from getting guns the violence will drop. But if you look at the areas that have strict gun laws they usually have a high amount of crime and violence in that city. This is due to the undeniable fact that the only folks who are going to adhere to the gun laws are law abiding citizens. The folks who are out committing crime are already breaking the law so why would they obey the gun laws? I think it is high time we stop looking to government to solve problems that for the most part they have created.

Congressman Paul stated in a speech over the weekend that fixing our country is easy. All we have to do is return to the rule of the Constitution as the Supreme rule of law. He could not be more correct in his statement. Instead of trying to create all these complex solutions that will do little good and more harm why not just resort to what has worked before and that is the rule of the Constitution. So I ask you to push your elected officials from the President down to your local supervisors/councilmen to live up to their duty to uphold and protect the Constitution.

Restore Confidence and Avoid a Global Economic Depression

Global Research | by Prof. Rodrigue Tremblay

… if financial markets are skittish and don’t have confidence in a country’s fiscal soundness, that is also going to undermine our recovery.” President Barack Obama, June 27, 2011 (in a news conference at the conclusion of the Toronto G-20 summit)

“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone.” Xinhua, China’s official state-run news agency, August 6, 2011

“Moderate inflation in the short run – say 6 per cent for two years … inflation is an unfair way of effectively writing down all non-indexed debts in the economy. … But it would significantly ameliorate the problems, making other steps less costly and more effective.” Kenneth Rogoff, Harvard economist (December 2008)

“A budget deficit is inflationary if, and only if, it is financed in considerable part by printing money.” Milton Friedman (1912-2006), American economist

“Inflationism … is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.” Ludwig von Mises (1881-1973), Austrian economist, On the Manipulation of Money and Credit, p. 48

“Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.” Ludwig von Mises (1881-1973), Austrian economist, Bureaucracy p. 84

“Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism.” Ludwig von Mises (1881-1973), Austrian economist, The Theory of Money and Credit, p. 468

“The inflationism of the currency systems of Europe has proceeded to extraordinary lengths. The various belligerent Governments, unable, or too timid or too short-sighted to secure from loans or taxes the resources they required, have printed notes for the balance.” John Maynard Keynes (1883-1946), British economist, (The Economic Consequences of the Peace, 1919)

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Two New York Times Editorial…

Lawfare | Benjamin Wittes

…and guess what? This post is not about any gross factual errors in either of them concerning the legality of detention. Perhaps that’s because neither editorial really deals with the legality of detention, but never mind. I’ll take factually decent New York Times editorials however I can get them. Both, however, provoke brief responses.

The first of the two editorials deals with the dispute about drone strikes and civilian casualties, about which I commented two days ago. The Times, unsurprisingly, is less than credulous regarding the CIA’s claims that it has killed zero civilians in Pakistan in drones strikes over the past more-than-a-year. “We find that hard to believe,” the editorial notes. As my post the other day noted, I also find it hard to believe. But the Times’s editorial makes an assumption that I do not make, one it doesn’t quite come out and say but that it clearly implies. It suggests that the CIA is lying about its record:

It is true that the precision technology and American efforts have kept noncombatant deaths to a minimum. And in the remote region of North Waziristan, where most strikes occur, it is hard to find the truth. But no civilian casualties?

The strikes have long been controversial in Pakistan, fueling anti-American sentiments. Washington’s refusal to be more transparent about the program is counterproductive. It should provide as much public detail as possible, including civilian casualties. . . .

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14 Reasons Why Rick Perry Would Be A Really, Really Bad President

American Dream |

Supporters of Texas Governor Rick Perry are not going to like this article at all. Right now, Republicans all over the United States are touting Rick Perry as the “Republican messiah” that is going to come charging in to save America from the presidency of Barack Obama. Many believe that if Rick Perry enters the race, he will instantly become the frontrunner for the Republican presidential nomination in 2012. Perry certainly looks the part and he knows how to give a good speech, but when ordinary Americans all over the country take a hard look at his record, they may not like what they see. The truth is that Rick Perry is a big-time globalist, he has raised taxes and fees in Texas numerous times, he has massively increased the size of government spending and government debt in Texas, he has been trying to ram the Trans-Texas Corridor down the throats of the Texas people and he tried to force young women all over Texas to be injected with the Gardasil vaccine. No, Rick Perry is not going to save America. In fact, he would likely be very, very similar to both Bush and Obama in a lot of ways.

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The Big Corporations Excuse

The Daily Bell | Tibor Machan

Anytime I mention to someone from the Left that I consider the scope of government way beyond justice and prudence, I am likely to be told that it is big corporations that make this necessary. And, furthermore, they contend, I couldn’t really favor liberty for all if I don’t see corporations as a threat and in desperate need of being reigned in.

So far as I understand it, corporations are just large groups of people who have hired some experts in management aiming to achieve some goal they couldn’t achieve on their own, like grow the company and make it seriously prosper. So long as they do this peacefully, without using coercion to get ahead, I see nothing wrong happening. Size is no problem. This is evident in how we deal with people – some are tiny, some medium sized, some huge but they can all get along fine if no one resorts to violence. And if some big fellow comes off intimidating, a few smaller ones can surely contain him – or her, for that matter.

What then is the big problem with corporations? As far as my Leftist pals would have it, they can wield economic power. But what’s that? They can buy stuff, expand their commercial reach, and flourish, yes, but not without first pleasing their customers. And that means they can only get ahead if they serve others in helping them do the same.

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Nixon’s not-so-happy gold legacy 40 years on | Dorothy Kosich

Ironically, as gold prices are currently experiencing record spikes, today marks the 40th anniversary of what is considered by many to be one of the dramatic events in the history of economic policy– the end of the U.S. gold standard.

On August 15, 1971, then-President Richard Nixon ended the monetary system, which had fixed the price of the American dollar to gold and would keep the price of gold at $35 an ounce. It would sound the death knell for the Bretton Woods Agreements which had made the gold-fixed U.S. dollar the foundation of the global economy.

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10 Signs That Economic Riots And Civil Unrest Inside The United States Are Now More Likely Than Ever

The Economic Collapse |

You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble. We have raised an entire generation of young people with an “entitlement mentality”, but now the economy is producing very few good jobs that will actually enable our young people to work for what they feel they are entitled to. If you are under 30 in America today, things look really bleak. The vast majority of the good jobs are held by people that are older, and they aren’t about to give them up if they can help it. It is easy for the rest of us to tell young Americans to “take whatever they can”, but the reality is that there is intense competition for even the most basic jobs. For instance, McDonald’s recently held a “National Hiring Day” during which a million Americans applied for jobs.

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The Fix Is In

Lew | Peter Schiff

This week’s wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America’s troubled economy. But this week did bring startling clarity on at least one front. In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.

Moving past the previously uncertain pronouncements that they would “keep interest rates low for an extended period,” the Fed now tells us that rates will not budge from rock bottom for at least two years. Although the markets rallied on the news (at least for a few minutes) in reality the policy will inflict untold harm on the U.S. economy. The move was so dangerous and misguided that three members of the Fed’s Open Market Committee actually voted against it. This level of dissent within the Fed hasn’t been seen for years.

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