Category Archives: Essays

Bipartisan Crack-Up Foretells a Turn Toward Economic Freedom

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“Partisanship and waste. Corruption and scandal. Hyper regulation that stifles entrepreneurship. It seems the only news coming out of Washington these days is bad news. Does it have to be this way? History says no.  For an example, flash back to the 1970s. Government control—and scandal—were the new normal. High unemployment had joined high inflation at the hip. Economic malaise had set in, as it has in some ways today. Yet by the end of the decade, something good happened: We saw massive regulatory reform in airlines, trucking, and other industries—to the great benefit of consumers and the nation. How did it happen?”

http://www.independent.org/newsroom/article.asp?id=4815

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Grand Illusion: Social Security Is a Government Insurance Program

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“At the age of 17, in 1959, I was taught the truth in a high school civics class. The program is not funded in terms of any insurance program.  First, the Supreme Court of the United States in 1960 declared that the Social Security program is not an insurance program. The case was Fleming v. Nestor.  Second, there is no money in the Social Security Trust Fund. There is merely a stack of IOUs issued by the Treasury Department.  There is no money in this fund. The government has spent every dime.  To get money to pay beneficiaries, the SSA must turn in some of those IOUs to the Treasury. The Treasury must then use money out of the General Fund to pay the SSA its money.”

http://www.garynorth.com/public/11875.cfm

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Ahead of the Herd—Nicaragua’s Enormous Potential

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“When I embarked on my journey I would never have guessed Nicaragua is where I would have ended up. Here I sit, writing, with the soothing sound of the waves on the beautiful beach of San Juan del Sur just outside of my balcony.  Nicaragua is the second safest country in all of Central America, behind only Costa Rica. Nicaraguans are kind and hospitable people. Walking down the street during the day or night, I am always greeted with a friendly ‘hola’ or ‘buenos dias’ from people walking past. I have never felt threatened or in danger in all the time I have been here.  Guatemala may be the only country that comes close to the low cost of living a person can enjoy in Nicaragua.”

http://www.internationalman.com/78-global-perspectives/1058-ahead-of-the-herd-nicaraguas-enormous-potential

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The End of Private Property in the Era of the American Police State

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“If government officials can fine and arrest you for growing vegetables in your front yard, praying with friends in your living room, installing solar panels on your roof, and raising chickens in your backyard, you’re no longer the owner of your property. If school officials can punish your children for what they do or say while at home or in your care, your children are not your own.  If government agents can invade your home, break down your doors, kill your dog, damage your furnishings and terrorize your family, your property is no longer private and secure—it belongs to the government. If police can forcefully draw your blood, strip search you, and probe you intimately, your body is no longer your own.”

https://www.rutherford.org/publications_resources/john_whiteheads_commentary/the_end_of_private_property_in_the_era_of_the_american_police_state

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Is Bitcoin a Viable Currency?

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“We can’t know what the market will choose as a currency in the future, because it is entirely dependent on peoples’ values. We don’t even know if people will continue valuing U.S. dollars, much less bitcoins. But we do know that bitcoin possesses some of the fundamental properties that have made gold and silver successful currencies, and it even outperforms its competition in some categories.  It is no longer a question of whether or not people will accept bitcoins as a currency: They already do, and the community is growing. Will bitcoins continue to be valued in the future? Bitcoins certainly won’t rot, nor will the supply suffer from hyperinflation, but will these properties continue to be valued?”

http://www.fee.org/the_freeman/detail/is-bitcoin-a-viable-currency

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Stanford Seminar – BTC: Bitcoin, a New Value Chain in China

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“BTC: Bitcoin, a New Value Chain in China -Bobby C. Lee, BTC China.  Topics in International Technology Management: ‘New Value Chains and the Rise of Open Innovation in Asia.’ This series examines the impact of new technologies on industry value chains. Focus is placed on Silicon Valley-Asia connections and on the processes of open innovation that are co-evolving with the new value chains. Lectures feature distinguished speakers from industry and government.”

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Seeking a Bolthole Community

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“Consciously or unconsciously, the tendency exists to assume that the locals will so value the new people that they will change their laws, their living standards, their diets, and even their cultures, in a wish to conform to the incoming expatriates.  What happens is that, if the expats do not do what they can to adapt to the new country, they are often ‘frozen out,’ until they ultimately leave.  For this reason, those who are considering moving to a bolthole that is a planned community should consider the degree to which that new community has made an effort to be welcome in the country.  This one factor can decide whether the new community will ultimately succeed or fail.”

http://www.internationalman.com/78-global-perspectives/1059-seeking-a-bolthole-community

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Revolutionary France’s Road to Hyperinflation

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“The current Federal Reserve strategy is apparently to wait for significant price inflation to show up in the consumer price index before tapering. Yet history tells us that you treat inflation like a sunburn. You don’t wait for your skin to turn red to take action. You protect yourself before leaving home. Once inflation really picks up steam, it becomes almost impossible to control as the politics and economics of the situation combine to make the urge to print irresistible.  The hyperinflation of 1790s France illustrates inflationary monetary policy becoming unmanageable in an environment of economic stagnation and debt, and in the face of special interests who benefit from, and demand, easy money.”

http://mises.org/daily/6584/

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Wendy McElroy: Death by Methodological Individualism

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“Mystification sanctifies the actions taken by individuals in the name of the state. That is, a double standard of morality is introduced – one for individuals who are members of the state and another for non-members. The double standard contradicts a longstanding principle of liberty; namely, that a violation of violates committed by an individual remains a violation of rights when performed by a group of individuals. The group does not relinquish personal responsibility by acting in someone else’s name. Rape is no less rape because a gang is involved or because they shout ‘do for England!'”

http://www.thedailybell.com/editorials/34802/Wendy-McElroy-Death-by-Methodological-Individualism/

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Your Trip on My Time Machine

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“How fast and how far could interest rates rise?  How soon would they impact other sectors of the economy?  How can you profit from this powerful megatrend?  On a quest for the answers, I invite you to a voyage through time:  We will visit five critical — and incredible — periods of the past.  We will return for a reality check of the even more incredible present-day reality.  And then, we will take a quick trip into the future to see, first hand, a scenario that we believe is absolutely unavoidable.  Our first stop is over a half century ago.”

http://www.moneyandmarkets.com/your-trip-on-my-time-machine-56749

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