Liberty Maven

D o w n s i z e r – D i s p a t c h

You should ask Congress to give you the same option for your own transactions. Otherwise, you risk losing everything you’ve worked for.

Send another letter to Congress asking them to repeal the legal tender law that forces you to do business ONLY in Federal Reserve Notes. In your personal comments use the latest news about countries dropping the dollar for oil transactions.

Here’s what I wrote in my letter to Congress . . .

Several countries are making plans to stop using Federal Reserve Notes for oil purchases. I want the same freedom for my personal transactions.

The Fed has nearly doubled the money supply since last Fall. This will cut the future value of my savings in half and send my cost of living through the roof. Add to that . . .

* The $100 trillion in unfunded liabilities for Social Security and Medicare
* Your big bailout schemes,
* Your so-called stimulus package,
* Your cap and trade boondoggle,
* Your disastrous healthcare plans, and the result is . . .

I see no hope for the dollar. You guys have ruined our currency, and I WANT OUT.

If foreigners can stop using Federal Reserve Notes, I should have the same freedom. Why should foreigners have more right to control their own economic destiny than I do?

Many in Washington claim they want to protect the Fed’s independence. What about my independence? I just want you to repeal the legal tender law so I can use forms of money other than Federal Reserve Notes (like gold and silver for instance). Doing this would also moderate the Fed’s behavior. If they want me to keep using Federal Reserve Notes then they’ll have to stop their legalized counterfeiting activities.

Please represent me. Break the Federal Reserve’s money monopoly. Give me the same right that foreigners have.

You can send your own letter to Congress using DownsizeDC.org’s Educate the Powerful System.

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If America was one big classroom the teacher should be admonishing students, making them stay after school and repeatedly write “Ron Paul is right” on the blackboard until their fingers cramp up. Of course, that would never happen. We’d never allow political indoctrination into our schools, right? America’s decreasing influence in the world and ultimately its downfall can be attributed to our “failure is not an option” culture which fools you into believing you are winning when in reality you have already lost.

This culture is being thrust upon our nation’s young people at an early age. Young children are constantly being reassured that they are doing a “good job” for the most mundane accomplishments. Those who play sports are presented participation trophies. No, we wouldn’t want any of them to actually excel beyond just “showing up”, do we? While playing games it’s always important to make sure each child gets a turn at winning or at least the game ends in a tie where “everyone wins!” We are beginning to see the effects of this mentality.

At some point these children grow up and the realities of life smack them square in their glass jaws. Everyone can never be equal. Life is not fair. Hate will always exist. Yet they were always taught the opposite so they get “active” and try to fulfill the promise of their youth. Their activity naturally progresses toward the one entity they believe has de facto power to fulfill this promise: government.

Yes, everyone wants to take the government drug to be pain free, but everyone remains ignorant of that particular drug’s evil side effects and addictive nature.

Everyone has become “too big to fail”.

I was once asked in a job interview, “Do you think you learn more from your successes or your failures?” I answered “failures, of course.” Failure forces you to reexamine your premises, think outside the box, and try again. In order for failure to “work” it must not be rewarded. Yet this is precisely what our government is doing and has done for quite some time.

In our increasingly more overt politically-correct society, is it perhaps time to reexamine our premises? If someone is born without limbs it doesn’t mean we should go out and round up all of the “limb-full” and amputate their arms and legs in the interests of equality. Sure it’s an extreme metaphor but this is precisely what we are trying to do when we support plans that attempt to make life “more fair” for the underprivileged at the expense of those who worked to make their own lives better. It is class warfare and all classes lose in the end.

The opposite is true too. We should not be funneling taxpayer money to private banks and auto companies. A bad business is a bad business and we’d know it was bad if it were left alone to fail or thrive. Executives and employees will learn from the failure and move on to try again. Once the crying stops, innovation is a by-product of failure.

Rewarding failure makes it a goal rather than a consequence of poor decisions. Failure should not be shunned. It should not be embraced. It should be accepted as a lesson learned. Trying and failing is what makes trying again and succeeding so satisfying.

We need to channel the Founder’s cavalier spirit, end government mollycoddling, and realize if we fall down we can pick ourselves back up again. Sure we may make a mess of things at times but the most important thing is persistence.

FDR famously said, “the only thing we have to fear is fear itself!” If he had instead said, “the only thing we have to fear is fear of failure”, we might be in a much better place today.

Sever the strings-turned-chains between the free market puppet and it’s government master and this heartwarming yet bittersweet story could happen many times over. It could become the norm rather than the exception.

Because of caring people and a caring company, a terminally ill little Green Forest girl was flown home Friday by air ambulance from M. D. Anderson Cancer Center in Houston, so she can spend her last days surrounded by the people who love her most.

Jada Harper, who turned seven on Sept. 1, has an inoperable malignant tumor in her brain and is in a coma with a ventilator doing her breathing for her. She has been at the famous cancer center in Houston since July, but her situation is now at the point not much else can be done to help her.

I emphasized the first phrase above to emphasize what is absent: government. It doesn’t say because of some government program. No company was forced to help this poor child and her family. A company made up of individuals with the ability to make a decision to do what is right was responsible for this “random act of kindness”. Perhaps what makes this story more interesting is the company that helped is a direct competitor to a government entity.

Friday afternoon, Jada was flown home to the Ozarks — on a gurney, attached to the machine that breathes for her. FedEx Freight paid the $11,000 bill for the special medical flight her family was unable to afford.

FedEx who competes with the government sponsored United States Postal Service (USPS) acted when others failed. Sure, they may have been acting in their own self-interest to garner “free” advertising and customer goodwill, but how can they be criticized for performing this mutually beneficial act?

$11,000 is chump change for a company like FedEx, but apparently this isn’t an isolated occurrence.

“One thing that impresses me about this company is that the company has a heart,” Reeves said. “Our company does a lot of things like this. It’s been recognized as one of the most admired companies in the world, and this is why.”

It is this phenomenon that represents the best argument for a true free market. If companies weren’t over-regulated and over-taxed perhaps these random acts of kindness would multiply until they become the general rule rather than the exception. Imagine a world where companies all realize that helping people also helps the bottom line. Anyone can make a buck, but not everyone can make a devoted customer.

In a free market the customer acts as regulator. Companies would be trampling over themselves and each other to find the next person (potential customer) to help. When a third party, in this case the government, forces companies (and individuals) to fork over 40-50% of their profit (or income) and then uses it on projects that rarely achieve their intended purpose the result is widespread resentment. In this case companies and individuals become less charitable. The tax and regulatory burden hinders their ability to participate in benevolent actions like FedEx.

Imagine companies that have 50% more profit competing to be number one on the list of most charitable companies. There is no doubt that the result would be a monumental increase in assistance for people and organizations who need it.

We don’t need government to lead, nor follow. We just need government to get out of the way. It’s time to break the government chains of taxes and regulation. This would not only foster economic prosperity but it would also spawn a renaissance of benevolence. This benevolence would come voluntarily and resentment-free from private companies and individuals. It’s good for business, good for the poor, and good for America.

What an interesting discussion Judge Napolitano had with the wonderful Robert Higgs on Freedom Watch last Friday.  They discuss how Barack Obama is more easily compared to Herbert Hoover than FDR.

Speaking of Robert Higgs, he will deliver a lecture on Monday evening at George Mason University. The event is free and is hosted by the Mason Economics Club and the Future of Freedom Foundation. For more details see the FFF web site and scroll down to the events section.

Glenn Beck had Ron Paul on his radio show this morning to discuss Paul’s new book “End the Fed“. The discussion turned toward predicting what America will look like within the next 3-5 years. Unsurprisingly both Beck and Paul do not have a rosy prognostication. In fact their discussion was downright scary.

The discussion lasts about 14 minutes. Following the interview Beck reiterates that he doesn’t agree with Ron Paul on some things, but when it comes to the Fed Glenn says he is “Dead Right.” Following that Beck goes into a discussion on foreign policy as it relates to Afghanistan.

Listen to the audio below.

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D o w n s i z e r – D i s p a t c h

Quote of the Day:

“It has been argued that full disclosure of details of funding facilities like TALF and PDCF, that enabled massive bailouts of Wall Street, would damage the financial position of those firms and destabilize the economy. In other words, if the American people knew how rotten the books were at those banks and how terribly they messed up, they would never willingly invest in them, and they would fail. Failure is not an option for friends of the Fed. Therefore, the funds must be stolen from the people in the dark of night. This is not how a free country works. This is not how free markets work. That is crony corporatism and instead of being a force for economic stabilization, it totally undermines it.” — Congressman Ron Paul

You’re not allowed to know who got how much, and under what terms. This information was NOT heard at the hearings about the “Audit the Fed” bill. Therefore, the only way to learn the answers is to . . .

Audit the Fed!

Please use our Educate the Powerful System to send Congress another letter demanding that they pass the Audit the Fed bill.

Use your personal comments to say something similar to what I’ve said in my own letter to Congress . . .

The “Audit the Fed” hearings proved that the Federal Reserve will not reveal its activities without an audit. A majority of the House has co-sponsored the Audit the Fed bill. This leads me to wonder what dark forces are keeping it from coming to a vote. I elected you to represent me, so please do your job. Force the leadership in the House and Senate to bring this bill to a vote! You must lead your “so-called” leaders. Make it happen! I URGE YOU TO DO IT NOW!

You can send your letter here.

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Ron Paul described in this week’s Texas Straight Talk column the recent hearing for HR1207 and the witnesses who testified on both sides of the issue.  Here is part of it:

If the Fed gave its actual arguments against a full audit, they would not have mentioned anything about political independence or economic stability. Instead they would admit they don’t want to be audited because they enjoy their current situation too much. Under the guise of currency control, they are able to help out powerful allies on Wall Street, in exchange for lucrative jobs or who-knows-what favors later on. An audit would expose the Fed as a massive fraud perpetrated on this country, enriching a privileged few bankers at the top of our economic food chain, and leaving the rest of us with massively devalued dollars which we are forced to use by law. An audit would make people realize that, while Bernie Madoff defrauded a lot of investors for a lot of money, the Fed has defrauded every one of us by destroying the value of our money. An honest and full accounting of how the money system really works in this country would mean there is not much of a chance the American people would stand for it anymore.

Read the whole article.

Ron Paul’s bill to audit the Federal Reserve, HR.1207, was the topic of a hearing of the full House Financial Services Committee chaired by Barney Frank today on capitol hill. The hearing was quite revealing.

Glancing at the cosponsor list one would get the impression that this is truly a bipartisan bill. No congress person wants to let anyone get the idea that he/she doesn’t support transparency. However, the devil is in the details.

It was quite obvious that Chairman Frank and Congressman Watt are not in total agreement with HR.1207 as it is written. Also, both attacked Tom Woods quite ferociously during the hearing. You can watch Frank’s attack in clip #4 in the embedded playlist below (it is right after Ron Paul questions Woods). Their attacks didn’t have much to do with the actual scope of auditing the Fed, but rather some disagreement with Woods rhetoric.

It is pretty clear that the leading Democrats on the committee would like an audit, but want it to be part of a larger regulatory reform bill. No one, except for perhaps Tom Woods argued that the bill not be part of a larger bill, not even Dr. Paul. It is fairly clear to me from this hearing that HR1207 will not be passed as a stand alone bill. The big question is whether or not the bill will be modified so much so that it fails in its original intent. We’ll find out fairly soon I suppose.

I selected a few highlights from todays hearing and made them available on Youtube. I’ve included all of the times Dr. Paul spoke and added a few others. You can watch these clips below. Also, not included below, but posted earlier, don’t miss Alan Grayson grilling the Fed lawyer like an overdone salmon.

Michael Moore utilizes  a word in the title of his new movie to elicit praise and respect from his Left-leaning fans and derision from his Right-leaning critics. Unfortunately for all of us, he uses the wrong word to describe his movie’s subject matter. It’s not capitalism, silly man; it’s corporatism. Therefore, I refuse to call his movie anything but what its true title should be: “Corporatism, A Love Story“.

Let’s head to Merriam-Webster to clear this up. Which one of the following best describes America today?

capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

corporatism: the organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction.

The correct answer is, of course, corporatism. A  key phrase in the definition of capitalism is “by investments that are determined by private decision“. How do government bailouts of private industry reconcile with this definition? They don’t. And if you think this is a recent phenomenon then I urge you to consider the Savings and Loan bailouts back in the 80’s and 90’s.

Another assertion in the definition of capitalism that does not compute in America today is that the prices, production, and distribution of goods are supposed to be determined by a free market.

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Lew Rockwell was on the radio with Ron Smith, a fixture on WBAL in Baltimore for many years. In a 14 minute interview they discussed numerous topics ranging from Ron Paul, libertarianism, and more.

I only take small issue with Rockwell’s disdain for the act of voting. He says that no election is ever decided by a single vote as he dismisses voting as a “waste of time”. I have to agree that in most cases this is true, but I can point to one case in my own district where a single vote did decide an election. Of course the smaller the election the more there is a chance of this happening.

In this case there were 888 votes cast. I posted about it when it occurred in the local election in November of 2007. Here is a screenshot of the results:

So, in some rare cases… well at least one case. A single vote does count.

But I digress… Listen to an excellent discussion between Lew Rockwell and Ron Smith below.

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