Friday, July 9, 2010

An ode to austerity

Reprinted from

Governments in the U.S. (federal, state, & local municipalities) and across the Globe are awash with exploding deficits. The revived corpse of Keynesianism policies has been as successful as it was in the 1970s, which lead to "stagflation".

Other G20 nations (such as Greece) around the globe who have flirted with the flawed experiment are now pushing for cutting deficits and reducing spending.

Spending for the sake of spending does nothing for an economy. The only actors in an economy who know "how" and "where" to allocate scarce resources such as capital & investment (productive uses of spending) are free enterprises and free people who produce consumer goods and services other free people want and need.

The "State" on the other hand possesses neither the faculty or foresight to properly invest, calculate profit and loss, or add to the structure of production. All the state knows is power and control through its monopoly on coercion to take from one set of actors in society and transfer said resources to others.

Read the rest of the article here.

Saturday, July 3, 2010

July 4th 2010: honoring liberty, natural law, and the Declaration of Independence

Our country is faced with numerous political and economic challenges. A majority of these issues require comprehensive and systemic changes to bring order, prosperity, and harmony back to our society. These problems have festered for many decades and – over time – we've drifted from the fundamental principles that our founding forefathers fought and died for in the late 18th Century.

We celebrate their legacy this weekend with celebratory fireworks, parties, and the wearing patriotic colors of the flag.  But, what is often missing and lost on many of the American populace - through either blind ignorance or a lack of historical literacy - is WHY the early Americans fought a war of "secession" (or independence) against the English. The Declaration of Independence states:
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
The words "Law of Nature and of Nature's God" are referring to the philosophy and ethic of "Natural Law". Natural law is an immortal precept which codifies the existence of our humanity in that we as humans are born free and own our body (or life), the fruits of our labor, and have the natural right to pursue our own ends by some purposeful means. Thus, we are called to utilize our liberty to pursue happiness and live the life we feel called to lead. This natural law philosophical ethic is not presupposition, but rather TRUTH.