Ron Paul \"You Can\'t Reinflate The Bubble!\"

What happens when you live on credit, pay your creditors with more credit, then run out of funds? Witness the downfall of the American Republic.

Funny, he has been predicting this financial collapse for the last 2 years – it was the central platform on which he ran for president in 2007! (closing our overseas operations to reduce the costs was a means to avoid it from happening). Yet, he is virtually unused by the media. He is a Churchill that will not be voted into power because 1) the threat cannot be coalesced into a iconic enemy to fight like the Nazi’s were, and 2) because his rhetoric can’t begin to compete with Obama. Sad. History will look back on him and the unsuccessful grassroots swell of his 2007-8 campaign as the symptom of American collapse.

How much evidence will it take for people to question the idea that the government can “steer/direct/grow” our economy and realize that the government unbalances it and creates the challenges it then “needs” to solve?  What has it EVER done right in this sphere?

The talking heads on television, who admittedly do not understand _basic_ economics (supply/demand curves, marginal utility, credit vs. capital, or the relationship between money supply and inflation and its consequence), “inform” an uneducated public (who also don’t understand basic economics) about the politicians promises and the pundits positions as if they were reality – then take polls that the politicians and pundits use as evidence that they are right.

The only part missing from the equation we see/hear in the media is the one that actually matters – the REALITY of market forces, which, like water, eventually go around, overflow, or bust wide open the various obstacles the government puts it its way, causing black markets (organized crime) and destructive collapse, leading the government to “reposition/reform” the obstacles, to ratchet up the process problem one more time, until it can’t and the whole thing collapses. Result? The depression, the meltdown of the 1970′s, and now the meltdown of the 2000′s – which we have been inflating to the point of popping for the last 8 years. Now what? More of the same?  You bet.

The greatest political accomplishment in human history – the codification of individual human rights as the foundation of a government – destroyed because of the politicians desire for power (personal and ideological – the road to hell is paved with good intentions) and rhetorical skill to manipulate the gullible American people through an ironic combination of riches (entitlement) and righteousness (envy). The government that robs Peter (the future, the rich), to pay Paul (the present and the so-called poor), will always have the support of Paul, until it collapses into chaos – then government becomes warlords, and the process repeats itself – UNTIL people stop the cycle and put freedom (and the consequent self-responsibility) first – i.e., the American Revolution. It is Paul who needs to step up, and he is too lazy, stupid (by choice), and immature to do so.

End Rant.

March 2nd, 2009 | Misc. | No comments

Tragic. The US government nationalizing and bailing out major financial institutions it helped to destoy...

I am a libertarian. To contrast this with Democrat and
Republican: we might say that the Republicans (at their core) want the
government to stay out of our financial lives, but control what we do in
our bedrooms (morality/religion). Democrats (at their core) want the
government out of our bedrooms, but control how we manage our financial
affairs (welfare/regulation/wealth redistribution). Libertarians want
the government out of our financial lives and out of our bedrooms.
Libertarians stand for the individual rights to life, liberty, and
pursuit of happiness according to our own conscience. They believe that
the purpose of government is to protect the freedom and rights of
citizens through a police force to protect us from the initiation of
force by other citizens, court system to protect us from fraud (enforce
contracts), and a military force to protect us from foreign invaders.

The libertarian stance on foreign aggression is: commerce with all
nations, alliances with none.  Libertarians not only want us out of
Iraq, they want us out of Japan! (and our other 800+ military bases
around the world!)  Let them hate us for our freedom and wealth, without
the military presence/force that forces that freedom and wealth down their
throats.

My reasons for being libertarian are simple. I believe that history has
demonstrated (in every time. and in every part of the globe) that the
more power you give to government, the more those who hold the power
will be corrupted by lobbyists (business, religious, bankers, racists,
populists, etc.).  As PJ O'Rourke put it, "When buying and selling are
controlled by legislation, the first things to be bought and sold are
legislators."  The more money and favors/regulations the government
controls, the more money and favors the lobbyists can afford to spend to
buy them, because (although it is somewhat of a gamble) the return on
investment for lobbying is typically 10 to 1. As a lobbyist, I can spend
$50 million dollars influencing various politicians in order to get a
$500 million dollar annual contract, and $1 billion to get $100 billion
contract. Smart business always follows the clearest incentives, and
competing for government largess is clearly incentived.
People/politicians are corruptible (especially through blackmail, which
money buys easily), and so governments become corrupt. The solution is
to reduce government power to reduce the scope and destructiveness of
its corruption and keep it maximally accountable to its core functions.
Hence, Libertarianism.

The American Constitution/experiment, was created by men whom, by todays
standards, are radical Libertarians, for the exact reasons stated above.
I believe that they created the most beautiful social contract in human
history, and I find it tragic that it is being increasingly ignored and
distorted. I am patriotic in this sense: I believe that the ideals and
values of life, liberty/freedom, protection of our right to use our
property according to our own conscience (as long as we are not
violating the identical rights of others) are worth cheering about and
if necessary, fighting to maintain.

September 18th, 2008 | General Gov't Corruption, Politics, capitalism | 1 comment