I almost missed this one due to the holiday, but Doug Wead’s latest Ron Paul in 2012 article was published yesterday and it’s another great one. In this one he echoes my own thoughts that the state of the economy by 2012 may play right into Ron Paul’s chances of winning the GOP nomination.
The others will be debating how much the government’s latest bailout should be.Or whether there should be six more or three more.They can’t very well say there shouldn’t have been any since they are already on record.Only Ron Paul can be saying that the nationalization of the insurance industry or the banks or the car industry and all the others that will follow represented an abandonment of the free market system and the Swedenization of America at a time when even Sweden has backed away from socialism as a failed model.
People say, well Ron Paul was an aberration.He only “took” with an activist’s segment because of the unpopularity of the Iraq War.But by 2012 the American economy could very well be in chaos over the decisions we are making now.
Take for example the supply of money.Trillions of new dollars are being printed.Eventually, as this continues, our own dollars will be watered down and diluted.It is like a wave out there that is on its way and will someday soon hit the shore.It has already been set in motion and it will come.Every time they print more money it is like a tax on the money in your pocket because they are diminishing from its value.So George W. Bush, the great conservative, who refused to raise taxes, spent so much money that we didn’t have that he was forced to just print more.Ironically, we all got taxed by default, by losing the value of the money we had.
Today, Christmas Eve, I am pondering two humorous quotes for different reasons. Both are from Jack Handey of Saturday Night Live and “Deep Thoughts”.
The first is about children. I have a five-year-old daughter and a three-year-old son. As I ponder the future potential for economic calamity with worry I also witness very small moments of pure joy at their excitement over Christmas. It makes me realize that I will do anything for them because I cannot feel a more stronger love than I feel for them. Children are imperfect liberty seekers, but seek it they do every single day. Jack Handey said it best when he wrote:
“The face of a child can say it all, especially the mouth part of the face.”
The second quote is a dedication to the exiting Bush administration and every single U.S. President who believed in an interventionist foreign policy. Also, anyone in a position of power who is a proponent of the oxymoron: Peace through war. Again, these are Jack Handey’s words:
“I can picture in my mind a world without war, a world without hate. And I can picture us attacking that world, because they’d never expect it.”
Merry Christmas and keep your liberty fire burning through 2009 and beyond.
The gift agreement stipulates that WCU’s College of Business will use the money—plus another $500,000 in matching funds it hopes to obtain from the state Legislature—to create a new “BB&T Distinguished Professorship in Capitalism” and develop a program exploring “the moral and ethical foundation of capitalism,” according to the school’s Nov. 17 announcement. While the new program will encompass “all points of view,” the agreement specifically focuses on just one, “the philosophy of objectivism as portrayed by Ayn Rand in her classic novel Atlas Shrugged and in her essays,” the announcement states.
There are some who believe this is dangerous territory for colleges to tread upon saying that corporations should not have this kind of influence on what gets taught in the classroom. I believe we need more of this, not less. In essence this is free market capitalism at work.
If a college doesn’t want to abide by the stipulations accompanying any monetary gift then they can refrain from accepting the gift. According to the article some already have.
It is stories like these that give me hope that capitalism isn’t quite dead yet.
(Thanks to Tim Peck for pointing us to the article)
Ron Paul appeared again on FOX Business News yesterday discussing the latest push for more government bailouts. Paul discusses his own lack of authority as a congressman when it comes to the Fed and other decisions. This guy Ron Paul sounds like a glorious broken record to me.
I wish those in power would just act on his suggestions. Hopefully their desperation will lead them to just say, “Hey, lets try this thing Ron Paul keeps talking about. Maybe it will work.” That is highly unlikely when Ron Paul’s push for free market policies and getting out of the bailout and regulation business are what the unwashed masses believe got us into this mess. Ron Paul’s words are a hard sell in a political climate that always looks to the government to solve problems rather than individuals and the private sector.
Watch and listen to Ron Paul continue to make sense below.
“The greatest threat to [our national] security lies in the tribal regions of Pakistan, where terrorists train and insurgents strike into Afghanistan. We cannot tolerate a terrorist sanctuary, and as President, I won’t… We need more troops, more helicopters, more satellites, more Predator drones in the Afghan border region. And we must make it clear that if Pakistan cannot or will not act, we will take out high-level terrorist targets like bin Laden if we have them in our sights.” – Barack Obama
by Jake, the Champion of the Constitution Originally published December 22, 2008 at http://www.nolanchart.com/article5690.html
In September 2008, the Council on Foreign Relations (CFR) published a paper from the Pakistan Policy Working Group (PPWG), an “independent, bipartisan group of American experts on U.S.Pakistan relations.” The group is co-chaired by former Deputy Secretary of State Richard Armitage (under George “Size 10″ Bush), and Lee H. Hamilton, former Representative and co-chair of the controversial 9/11 Commission Report of 2004. In addition to co-signing the warmongering Project for the New American Century (PNAC, see p11-12/90) white paper, Armitage (photo) was also made infamous by a 2006 “60 Minutes” interview with Pakistan’s dictator Pervez Musharraf. Musharraf stated that in the immediate aftermath of 9/11, Armitage bluntly threatened Pakistan if they did not cooperate with the assault on the Taliban by saying, “Be prepared to be bombed. Be prepared to go back to the Stone Age.” From 2006 until present-day, Armitage has been rewarded for his services to the corporatocracy of America with a Directorship at oil giant Conoco Phillips. Not exactly an aloof, “independent” leader, right?
One of Lord John Maynard Keynes’s essays “The Great Slump of 1930″ is extremely relevant today as we look forward at the 2009 economy and future governmental antics. Let’s take a look!
by Jake, the Champion of the Constitution
Originally published December 20, 2008 at http://www.nolanchart.com/article5674.html
The outstanding contemporary relevance of Lord Keynes’ short essay “The Great Slump of 1930” comes from the fact that Keynes faced very similar dire auspices as he grappled with the uncertain future of the 1930 global economic downturn. At the time he wrote the essay, Keynes was trying to explain both the origins of the crisis and its future length and severity. Needless to say, he missed the boat completely, although like a good medieval soothsayer he did manage to hedge his bet a little. Obviously, the “Great Slump” was not a temporary downturn but instead heralded the Great Depression, which would last until the wartime economy of WWII stimulated industry in the United States while utterly destroying Europe, the epitome example of lost wealth via Henry Hazlitt’s “broken window” illustration. Based on recent FED manuevers and Obama’s future taxation and government expansion plans, most likely the modern-day Keynesian-Friedmanite command-and-control corporate governments will respond in a similar hapless manner as Keynes’ abject failure almost 80 years ago. (photo)
This new video from the Center for Freedom and Prosperity Foundation takes a look at Keynesian Economics from both theoretical an practical, real-world perspectives. It does a decent job at quickly explaining why Keynesianism doesn’t work, even in theory, but falters when the host (Dan Mitchell of the Cato Institute) says:
…we should quickly note that government could finance stimulus spending by printing money rather than borrowing, but thankfully that idea doesn’t seem to be on the table since almost all politicians now realize that it would be foolish to mimic the disastrous inflationary policies of basket case economies such as Argentina and Zimbabwe.
Unfortunately, that’s exactly what the Federal Reserve has been doing, and with great fervor.
Then it goes on to give a multitude of examples of how Keynesian policies have failed throughout history, beginning with the Great Depression. Take a look.
Ron Paul is sitting in a room breathing deeply. The air composition in the room is made of pure free market elements. Every place outside of this room has only trace elements of the free market. Just off of ConstitutionAvenue (how ironic) in Washington DC is a device built and turned on during Woodrow Wilson’s administration and became known as The New Dealio during FDR’s presidency. This device slowly removes pure free market elements from America’s breathable air.
Over the years efforts to switch off The New Dealio have been met with resistance. The device has an innate self-preservation. The more free market elements removed from the air the less people inhale free market ideas and the desire to demolish the machine wanes. In fact, it recently has become all too obvious there is very little free market air left in the world. Even those that historically stood steadfast in support of the free market have gone rogue and treasonous.