Saturday, November 29, 2008


Via Greg Mankiw's blog:


Tuesday, November 18, 2008

As much as I appreciate Nobel Laureate Milton Friedman's defence of the free market, he was inconsistent in applying thouse classical liberal values across the board in the traditional libertarian sense.

He was not for the privatization of roads or oceans, the repeal of anti-trust laws, pro-flexible exchange rates and concocted this "libertarian" school voucher system. How a voucher system is Libertarian, is absolutely beyond me, or any sane-mind libertarian or classical liberal that is against bureacracy and inefficient government programs. I don't need to state in this entry what the appropriate libertarian position is with regards to that issue..

He called for a negative income tax, which is essential a dole, welfare minus the gigantic bureacracy and the substituted with a more effective one. Thank Friedman for making government more efficient! Got to love the free thinking man!

I'm not even going to comment on the epistemological errors of his economic methodology, logical positivism. Not only that, but he was a supporter of the Federal Reserve, deeming the gold standard to be impractical, The foundational conceptions of his monetary theory is presupposed to have some omniscient monopolistic diety with absolute control of the money supply, whether it's Chairman Benjamin Bernanke, some other neo-Keynesian Yale macroeconomist, or HAL-3000 for that matter.

Ludwig von Mises was right when he burst out of the Mt. Pelerin Conference in 1954, yelling behind him at Stigler and Friedman that they were "nothing but a bunch of socialists!"

Friday, November 14, 2008

Listen to Peter Schiff

So are bailouts and increased government spending really the answer to the financial crisis? Peter Schiff, president of Euro-Pacific Capital (and Ron Paul's former economic advisor), argues against these policies. He is a man amongst fools; take a look at his track record over the past couple of years. Amazing how he was right on virtually every prediction he made: housing prices tumbling, financial institutions in trouble, credit markets freezing, everything. And all everyone did was laugh at him.
Hmm...I wonder if I should be buying any gold?

Monday, November 10, 2008

Franklin Delano Obama?

Oh dear.  Paul Krugman argues for a new New Deal - here. I was somewhat relieved when he said that FDR's policies weren't perfect, but I read on only to see this:
"My advice to the Obama people is to figure out how much help they think the economy needs, then add 50 percent."
Something tells me to prepare for massive government expansion in the next four years...

Wednesday, November 05, 2008

The Savior is Here!

Alright, Obama's the next President, but this is getting ridiculous. Charles Blow in the NYTimes:

"...“Yes We Can” escape the prison of lowered expectations and the cycles of poor choices. “Yes We Can” rise above history and beyond hatred. “Yes We Can” ascend to Martin Luther King’s mountain top and see the promised land where dreams are fulfilled, where the best man wins and where justice prevails....

So Obama really is the savior and will bring Heaven to Earth. That's exactly what we should expect of our politicians, right?

Monday, November 03, 2008


After visiting the Ludwig von Mises Institute's Supporter's Summit this weekend and getting a chance to chat with a plethora of libertarian thinkers, Austrian economists and Dr. Ron Paul, I realized that "liberalism" in the strain of Ludwig von Mises and the Austrian School of Economics is right. It proves itself right through self-evident axioms of irrefutable truth.

Dr. Ron Paul's Campaign of Liberty, and his entire political career, is inspired and draws upon the intellectual backbone of the Austrian School of Economics and the life & work of free-market intellectuals such as Ludwig von Mises, Murray N. Rothbard, Nobel Prize laureate Friedrich August von Hayek and Hans Sennholz. Withought these foundations, Ron Paul and many of us would not be writing or reading this post on this site right now.

I think it's time that FEE, FREE and the LvMI are reevaluated and reconsidered as critical sources for the future fight for freedom.