Archive for January 21st, 2010

Just The Facts: President Obama Is A Progressive Radical Socialist With Narcissistic Personality Disorder–A Very Dangerous Combination In A Political Leader!

Posted on January 21, 2010. Filed under: Babies, Blogroll, Communications, Cult, Culture, Economics, Investments, Language, Law, liberty, Links, media, People, Philosophy, Politics, Psychology, Video, Wisdom | Tags: , , , , |

 

Jack Webb Schools Barack Obama on Healthcare

 

Tonights Glenn Beck – Is The President Out Of Touch

 

Glenn Beck Show – January 21, 2010 – Pt 2 of 7

Glenn Beck Show – January 21, 2010 – Pt 3 of 7

Glenn Beck Show – January 21, 2010 – Pt 4 of 7

Glenn Beck Show – January 21, 2010 – Pt 5 of 7

Glenn Beck Show – January 21, 2010 – Pt 6 of 7

Glenn Beck Show – January 21, 2010 – Pt 7 of 7

Barack Obama – Narcissist or Merely Narcissistic?

FBI Agent Talking About Bill Ayers

 

Obama & Friends – A History Of Radicalism (Part 3 of 6)

ObamaAyers

Dragnet Jack Webb “Alcohol VS. Marijuana & LSD” Great Speech

Dragnet Jack Webb “A Quirk In The Law” Classic Speech!

 

The facts are the American people elected a progressive radical socialist with narcissistic personality disorder which is a very dangerous combination in a political leader when you look at history.

Glenn Beck’s special on the collectivists and their interventionist economic policies including the American progressives, Fabian Socialists,  Lenin, Stalin, Hitler, Mao, Castro, and Guevara  will reveal why–collectivism never works and always ends badly with many innocent people in prison, tortured, starved to death or killed.

Since I already know much of this history, I congratulate Beck and Fox for having the courage to air the documentary and inform and educate the American people about the dangers of electing collectivists no matter what their party label.

Background Articles and Videos

Socialism and Fascism: A Political-Economic Spectrum Analysis – Part 1/3

Socialism and Fascism: A Political-Economic Spectrum Analysis – Part 2/3

Socialism and Fascism: A Political-Economic Spectrum Analysis – Part 3/3


 

80 Years Later: Parallels Between 1929 and 2009

Just the facts The History of Dragnet Pt 2 of 5

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Walter Block–Videos

Posted on January 21, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Employment, Fiscal Policy, Health Care, Homes, Investments, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Psychology, Quotations, Rants, Raves, Taxes, Video, Wisdom | Tags: , , , , |

Ticka, Ticka, You Need Good Timin’

Socialism and Fascism: A Political-Economic Spectrum Analysis – Part 1/3

Socialism and Fascism: A Political-Economic Spectrum Analysis – Part 2/3

Socialism and Fascism: A Political-Economic Spectrum Analysis – Part 3/3


 

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Interventionism

Background Articles and Videos

Walter Block

“…Walter Edward Block (born 21 August 1941) is a free market economist and anarcho-capitalist associated with the Austrian School.

Block was born in Brooklyn, New York to Abraham Block, a certified public accountant, and Ruth Block, a paralegal, both of whom Block has described as “liberals.”[1] He earned his undergraduate degree in Philosophy summa cum laude from Brooklyn College, where he was a member of the varsity swimming team. Block earned his Ph.D. degree in economics from Columbia University and wrote his dissertation on rent control. …”

“…Block now holds the Harold E. Wirth Endowed Chair in Economics at Loyola University in New Orleans. From 1979 to 1991, he was the Senior Economist with the Fraser Institute, and, from 1998 to 2002, he was a member of the Board of Trustees of the Aspen Institute. In addition to his faculty position at Loyola, Block is also a Senior Faculty member of the Ludwig von Mises Institute for Austrian Economics. His most famous work is Defending the Undefendable, of which John Stossel said, “Defending the Undefendable… opened my eyes to the beauties of libertarianism. It explains that so much of what is assumed to be evil–is not.”[3] Lew Rockwell of the Mises Institute said this about Walter Block’s active role in modern libertarianism:

Murray Rothbard, in his life, was known as Mr. Libertarian. We can make a solid case that the title now belongs to Walter Block, a student of Rothbard’s whose own vita is as thick as a big-city phonebook, and as diverse as Wikipedia. Whether he is writing on economic theory, ethics, political secession, drugs, roads, education, monetary policy, social theory, unions, political language, or anything else, his prose burns with a passion for this single idea: if human problems are to be solved, the solution is to be found by permitting greater liberty.[4]

…”

http://en.wikipedia.org/wiki/Walter_Block

 

Why Nazism Was Socialism and Why Socialism Is Totalitarian (Part 1 of 4)

Why Nazism Was Socialism and Why Socialism Is Totalitarian (Part 2 of 4)

Why Nazism Was Socialism and Why Socialism Is Totalitarian (Part 3 of 4)

Why Nazism Was Socialism and Why Socialism Is Totalitarian (Part 4 of 4)

 

Fascism, Anti-Fascism, and the Welfare State [Paul Gottfried]

 

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Posted on January 21, 2010. Filed under: Books, Communications, Economics, Fiscal Policy, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Resources, Taxes, Video, War, Wisdom | Tags: , , , , |

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Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Posted on January 21, 2010. Filed under: Blogroll, Communications, Economics, Fiscal Policy, government spending, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Taxes, Video, Wisdom | Tags: , , , , , |

 

 

Jörg Guido Hülsmann, professor of economics at the University of Angers in France, discusses his recent book, “The Ethics of Money Production.” Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 12 March 2009. Introduction by Dr. Mark Thornton.

Authors Forum: The Ethics of Money Production

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Introduction by Mark Thornton. Jörg Guido Hülsmann is a professor of economics at the University of Angers in France. He is the author of “Mises: The Last Knight of Liberalism,” “Kritik der Dominanztheorie” (Critique of F. Perroux’s Theory of Dominant Economies) and of “Logik der Währungskonkurrenz” (The Logic of Currency Competition), and has translated several renowned economics books into German.

The Ethical Rules of Producing Money

 

The Ethics of Money Production

“…Hulsmann has provided not only a primer in understanding our times, but a dramatic extension of the work of Menger, Mises, Hayek, Rothbard, and others to map out an economically radical and ethically challenging case for the complete separation of money and state, and a case for the privatization of money production. It is a sweeping and learned treatise that is rigorous, scholarly, and radical.

Table of Contents

  • Preface
  • Introduction
    • Money Production and Justice
    • Remarks about Relevant Literature
  • Part 1: The Natural Production of Money
    • Monies
    • The Division of Labor without Money
    • The Origin and Nature of Money
    • Natural Monies
    • Credit Money
    • Paper Money and the Free Market
    • Electronic Money
    • Money Certificates
    • Certificates Physically Integrated with Money
    • Certificates Physically Disconnected from Money
    • Money within the Market Process
    • Money Production and Prices
    • Scope and Limits of Money Production.
    • Distribution Effects
    • The Ethics of Producing Money
    • The Ethics of Using Money
    • Utilitarian Considerations on the Production of Money
    • The Sufficiency of Natural Money Production
    • Economic Growth and the Money Supply
    • Hoarding
    • Fighting Deflation
    • Sticky Prices
    • The Economics of Cheap Money
    • Monetary Stability
    • The Costs of Commodity Money
  • Part 2: Inflation
    • General Considerations on Inflation
    • The Origin and Nature of Inflation
    • The Forms of Inflation
    • Private Inflation: Counterfeiting Money Certificates
    • Debasement
    • Fractional-Reserve Certificates
    • Three Origins of Fractional-Reserve Banking
    • Indirect Benefits of Counterfeiting in a Free Society .
    • The Ethics of Counterfeiting
    • Enters the State: Fiat Inflation through Legal Privileges
    • Treacherous Clerks
    • Fiat Money and Fiat Money Certificates
    • Fiat Inflation and Fiat Deflation
    • Legalized Falsifications
    • Legalizing Debasement and Fractional Reserves
    • The Ethics of Legalizing Falsifications
    • Legal Monopolies
    • Economic Monopolies versus Legal Monopolies
    • Monopoly Bullion
    • Monopoly Certificates
    • The Ethics of Monetary Monopoly
    • Legal-Tender Laws
    • Fiat Equivalence and Gresham’s Law
    • Bimetallism
    • Legal-Tender Privileges for Money Certificates
    • Legal-Tender Privileges for Credit Money
    • Business Cycles
    • Moral Hazard, Cartelization, and Central Banks
    • Monopoly Legal Tender
    • The Ethics of Legal Tender
    • Legalized Suspensions of Payments
    • The Social Function of Bankruptcy
    • The Economics of Legalized Suspensions
    • The Ethics of Legalized Suspensions
    • Paper Money
    • The Origins and Nature of Paper Money
    • Reverse Transubstantiations
    • The Limits of Paper Money
    • Moral Hazard and Public Debts
    • Moral Hazard, Hyperinflation, and Regulation
    • The Ethics of Paper Money
    • The Cultural and Spiritual Legacy of Fiat Inflation
    • Inflation Habits
    • Hyper-Centralized Government
    • Fiat Inflation and War
    • Inflation and Tyranny
    • Race to the Bottom in Monetary Organization
    • Business under Fiat Inflation
    • The Debt Yoke
    • Some Spiritual Casualties of Fiat Inflation
    • Suffocating the Flame
  • Part 3: Monetary Order and Monetary Systems
    • Monetary Order
    • The Natural Order of Money Production
    • Cartels of Credit-Money Producers
    • Fiat Monetary Systems in the Realm of the Nation-State
    • Toward National Paper-Money Producers: European Experiences
    • Toward National Paper-Money Producers: American Experiences
    • The Problem of the Foreign Exchanges
    • International Banking Systems, 1871–1971
    • The Classical Gold Standard
    • The Gold-Exchange Standard
    • The System of Bretton Woods
    • Appendix: IMF and World Bank after Bretton Woods
    • International Paper-Money Systems, 1971– ?
    • The Emergence of Paper-Money Standards
    • Paper-Money Merger: The Case of the Euro
    • The Dynamics of Multiple Paper-Money Standards
    • Dead End of the World Paper-Money Union
  • Conclusion
    • Two Concepts of Capitalism
    • Monetary Reform
    • References
    • Index of Names
    • Index of Subjects

280 pages, hardback, ISBN: 978-1-933550-09-1

http://mises.org/store/Ethics-of-Money-Production-P536.aspx

Background Articles and Videos

“… Jörg Guido Hülsmann (born May 18, 1966) is a German economist and one of the leading modern-day proponents of the Austrian School, and was heavily influenced by Ludwig von Mises. He is a professor of economics at the University of Angers in France and is a senior faculty member of the Ludwig von Mises Institute.

Hülsmann has translated several English-language economics books into his native tongue, German. He has written scholarly articles in German, English, and French.

Hülsmann has written primarily on monetary theory and monetary reform issues, advocating a non-inflationary gold standard as the only way to control cyclical inflation caused by excessive bank credit creation and is one of the few economists to have written about the complex inter-relationship between money production and ethics.[1][2][3][4][5]

He also wrote a detailed, comprehensive biography of Ludwig von Mises entitled The Last Knight of Liberalism.[6]

He is an anarcho-capitalist within the tradition of Murray Rothbard. …”

http://en.wikipedia.org/wiki/J%C3%B6rg_Guido_H%C3%BClsmann

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Posted on January 21, 2010. Filed under: Blogroll, Communications, Economics, Fiscal Policy, Investments, Language, liberty, Life, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Security, Taxes, Video, Wisdom | Tags: , , , , |

 

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Gold and the Good Guys

“…Murray N. Rothbard

II.
Money in a Free Society

13. Summary

 

What have we learned about money in a free society? We have learned that all money has originated, and must originate, in a useful commodity chosen by the free market as a medium of exchange. The unit of money is simply a unit of weight of the monetary commodity–usually a metal, such as gold or silver. Under freedom, the commodities chosen as money, their shape and form, are left to the voluntary decisions of free individuals. Private coinage, therefore, is just as legitimate and worthwhile as any business activity. The “price” of money is its purchasing power in terms of all goods in the economy, and this is determined by its supply, and by every individual’s demand for money. Any attempt by government to fix the price will interfere with the satisfaction of people’s demands for money. If people find it more convenient to use more than one metal as money, the exchange rate between them on the market will be determined by the relative demands and supplies, and will tend to equal the ratios of their respective purchasing power. Once there is enough supply of a metal to permit the market to choose it as money, no increase in supply can improve its monetary function. An increase in money supply will then merely dilute the effectiveness of each ounce of money without helping the economy. An increased stock of gold or silver, however, fulfills more non-monetary wants (ornament, industrial purposes, etc.) served by the metal, and is therefore socially useful. Inflation (an increase in money substitutes not covered by an increase in the metal stock) is never socially useful, but merely benefits one set of people at the expense of another. Inflation, being a fraudulent invasion of property, could not take place on the free market.

In sum, freedom can run a monetary system as superbly as it runs the rest of the economy. Contrary to many writers, there is nothing special about money that requires extensive governmental dictation. He, too, free men will best and most smoothly supply all their economic wants. For money as for all other activities, of man, “liberty is the mother, not the daughter, of order.”

http://mises.org/money/2s13.asp

 

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Obamacare–The Progressive Radical Socialist Bay of Pigs–JFK Redux–The Day Obamacare Died–Videos

Posted on January 21, 2010. Filed under: Blogroll, Communications, Economics, Foreign Policy, Health Care, Law, liberty, Life, Links, media, People, Philosophy, Politics, Technology, Video, War, Wisdom | Tags: , , , , , |

The Day ObamaCare Died – American Pie Parody

 

Cuba & Bay Of Pigs

 

Secrets of The CIA – Bay of Pigs


 

Obamacare or so-called health care reform is quickly becoming the progressive radical socialist Democratic Party’s Bay of Pigs disaster–JFK Redux.

The vast majority of the American people simply do not want Obamacare–or socialized medicine.

The progressive radical socialists arrogantly overreached by having a health care reform bill that forces Americans to purchase a government qualified or approved health insurance plan.

Such government coercion is unprecedented, unAmerican and unconstitutional.

You simply do not tell the American people that they must buy anything.

You simply do not tell the American people that if you do not buy an approved government health care plan you will be fined by the IRS.

You simply do not exempt certain states and unions from provisions of the bill in order to obtain their support for the bill.

If you do, you can expect to be thrown out of office in the next election, no matter what political party you belong to.

The American people have now targeted all progressive radical socialists of either the Democratic or Republican party for political defeat in future political elections.

Don McLean: American Pie

 

Background Articles and Videos

Pelosi: House lacks votes to OK Senate health bill

By ALAN FRAM, Associated Press Writer Alan Fram, Associated Press Writer

“….Democrats’ last-ditch approach to saving President Barack Obama’s sweeping health care overhaul — prodding House members to pass a Senate version vastly unpopular with them — isn’t working.

So lawmakers are talking about more modest health legislation that could have bipartisan appeal, though even that may prove more complicated than many suggest.

Speaker Nancy Pelosi said Thursday that she lacks the votes to move the Senate’s bill through the House and to Obama’s desk. Under a plan backed by the White House, the new law would be followed by a separate measure making changes sought by House members, such as easing the Senate’s tax on higher-cost health plans.

Pelosi, D-Calif., spoke to reporters after House Democrats held a closed-door meeting at which participants vented frustration with the Senate legislation.

Many rank-and-file Democrats said the stunning defeat in this week’s Massachusetts special election — in which Republicans captured the Senate seat held for decades by the late Edward M. Kennedy — meant it was time to seek more modest health legislation. …”

http://news.yahoo.com/s/ap/20100121/ap_on_bi_ge/us_health_care_overhaul

Bay of Pigs Part 1 – Castro’s Revolution

 

Bay of Pigs Part 2 – Castro’s Revolution

 

Fidel: The Untold Story

Don McLean – Vincent 1972 Live

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Dr. Robert W. Christensen–Videos

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Larry Sechrest–The Anticapitalists: Barbarians at the Gate–Videos

Posted on January 21, 2010. Filed under: Blogroll, Communications, Economics, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Quotations, Rants, Raves, Video, Wisdom | Tags: , , , , , |

 

Larry Sechrest, 1946-2008

The Mises Memorial Lecture, given by Larry Sechrest at the 2008 Austrian Scholars Conference, Ludwig von Mises Institute, Auburn Alabama; 15 March 2008.

The Anticapitalists: Barbarians at the Gate

Background Articles and Videos

Larry Sechrest, 1946-2008

“…Our dear friend Larry Sechrest, professor of economics at Sul Ross University, and a long-time writer and speaker for economic liberty, died this morning (October 30, 2008). He was born in 1946. The cause was heart failure, and he died with his wife Molly by his side.

She says that it meant so much to him that only recently the Mises Institute was able to bring back his marvelous book Free Banking into print. Of course this book, which is a prophetic attack on the dangers of the central bank, is a gift he has given the ages. In addition, here is his scholarly article archive on MIses.org.

This past year, he delivered the Mises Memorial Lecture, which was widely read and commented on: The Anti-Capitalists: Barbarians at the Gate.

Larry earned his PhD late in life from the University of Texas, Arlington, and immediately went to work teaching. He was person of great charity and optimism, but also courage, as was shown a few years ago when a controversy arose about some of his writing. He had written a hilarious and wonderful essay about the trouble with today’s students, singling out his own students as examples. The essay appeared in Liberty Magazine and is online here.

What followed was an amazing spectacle. The locals were very upset. The mayor of Alpine, Texas, got involved and denounced him, as did many others. There was even a “support Sul Ross” parade right there in town, with floats and posters, all to protest the words of Sechrest. The students, the professors, the merchants, everyone, was against Sechrest – except that in private everyone knew he was right and let him know, again privately. It was a sight that H.L. Mencken would have adored. …”

http://blog.mises.org/archives/008873.asp

 

 My Hometown  

A Strange Little Town in Texas

by Larry J. Sechrest

“…Welcome to Alpine, where cowboys are poets, burglars don’t have a chance, and football is rivaled only by beer, sex and church. And, by the way, if you move there, drop your auto club membership. …”

http://libertyunbound.com/archive/2004_01/sechrest-alpine.html

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Israel Kirzner–On Entrepreneurship–Vidoes

Posted on January 21, 2010. Filed under: Blogroll, Economics, Employment, Investments, Language, Law, liberty, People, Philosophy, Psychology, Regulations, Video, Wisdom | Tags: , , , , , |

 

 Israel Kirzner on Entrepreneurship–Part 1

Israel Kirzner on Entrepreneurship–Part 2

Israel Kirzner on Entrepreneurship–Part 3

Israel Kirzner on Entrepreneurship–Part 4

Israel Kirzner on Entrepreneurship–Part 5

Israel Kirzner on Entrepreneurship–Part 6

Israel Kirzner on Entrepreneurship–Part 7

Israel Kirzner on Entrepreneurship–Part 8

Israel Kirzner on Entrepreneurship–Part 9

 

Background Articles and Videos

Israel Kirnzner

“…Israel Meir Kirzner (Yisroel Mayer Kirzner) (born February 13, 1930) is a leading economist in the Austrian School.

After studying with the University of Cape Town, South Africa in 1947-48 and with the University of London External Programme in 1950-51, Kirzner received his B.A. summa cum laude from Brooklyn College in 1954, an MBA in 1955 and Ph.D. from New York University in 1957 (studying under Ludwig von Mises).

Economics

Kirzner’s major work is in the economics of knowledge and entrepreneurship and the ethics of markets. He is emeritus professor of economics at New York University, and is a leading authority on Ludwig von Mises’ thinking and methodology in economics.

Author

Some of his major works on economics include:

  • “Entrepreneurial Discovery and The Competitive Market Process: An Austrian Approach,” Journal of Economic Literature. (March 1997)
  • The Meaning of Market Process. (Routledge 1992)
  • Discovery, Capitalism and Distributive Justice. (Basil Blackwell 1989)
  • The Economic Point of View: An Essay in the History of Economic Thought. (Kansas City: Sheed and Ward, Inc., 1976; [1])
  • Competition and Entrepreneurship, (Chicago 1973), ISBN 0-226-43776-0.  …”

http://en.wikipedia.org/wiki/Israel_Kirzner

Kirzner Links

http://kirznerlinks.causaliberal.net/

Israel Kirzner interview (Austrian economist)

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David Gordon–The Confused Literature of Globalization–Videos

Posted on January 21, 2010. Filed under: Blogroll, Communications, Economics, Employment, Fiscal Policy, Foreign Policy, Law, liberty, Links, Monetary Policy, People, Philosophy, Politics, Taxes, Video, Wisdom | Tags: , , , , |

The Confused Literature on Globalization (Part 1 of 3)

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Background Articles and Videos

 

David Gordon

“…David Gordon is a senior fellow at the Ludwig von Mises Institute. He was educated at UCLA, where he earned his PhD in intellectual history. He is the author of Resurrecting Marx: The Analytical Marxists on Exploitation, Freedom, and Justice, The Philosophical Origins of Austrian Economics, An Introduction to Economic Reasoning, and Critics of Marx. He is also editor of Secession, State, and Liberty and co-editor of H.B. Acton’s Morals of Markets and Other Essays.

Dr. Gordon is the editor of The Mises Review, and a contributor to such journals as Analysis, The International Philosophic Quarterly, The Journal of Libertarian Studies, and The Quarterly Journal of Austrian Economics. You can reach him at dgordon@mises.org. …”

http://mises.org/fellow.aspx?Id=5

The Bankers’ Cartel

Mises Daily: Monday, August 03, 2009 by

[The Case Against the Fed • By Murray N. Rothbard • Ludwig von Mises Institute, 1994 • 158 pages

“…Murray Rothbard begins this outstanding book by calling attention to a paradox. The Federal Reserve System enjoys virtual immunity from congressional investigation. The few who propose to subject the Fed to even minimal scrutiny, such as Henry Gonzales of Texas, at once find a consensus arrayed against them (pp. 1ff.). They threaten the stability of the market, since – it is alleged – only the Fed’s independence blocks the onset of uncontrollable inflation.

Here lies the paradox. Inflation results from the infusion of new money into the economy, and it is the Fed that is responsible for its creation. “The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about ‘inflation’ for which virtually everyone else in society seems to be responsible” (p. 11). How did this odd situation come about?

As one would expect from a top-flight economist, Rothbard responds by tracing the problem to its roots. He briefly and clearly explains how money originated in a barter economy. Some commodities are much easier to market than others, and “[o]nce any particular commodity starts to be used as a medium, this very process has a spiraling or snowballing effect” (p. 13).

Soon, one or two commodities emerge into general use as a medium of exchange. And this, precisely, is money. Gold and silver have almost always been the commodities that win the competition for marketability. “Accordingly, every modern currency unit originated as a unit of weight of gold or silver” (p. 17).

Why has Rothbard gone to such pains to describe a historical process that seems very remote from the Fed? By beginning with a simple case, he can elucidate the basic mechanism that underlies the Fed’s operation. To explain a complex event by starting with a simple method and gradually complicating it is a basic procedure of modern science. Galileo termed this “resoluto-compositive” method, and Descartes described it at length. Once one grasps how money has emerged, the key to understanding the mysteries of the Fed lies at hand.

 http://mises.org/daily/3597

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