Libertarian
approach to economics
Many people are sympathetic to
libertarian ideas but don't know economics very well. Here's a guide to
approaching economic policy as a libertarian: Is something that belongs to you
being taken away? Who's supposedly benefiting, and who else is actually getting
richer (or poorer)? Economics is human action, meaning individual people doing
what they think benefits them the most. –10/5
They
voted for big government
Many folks on the left have been shocked
and appalled at police conduct and police militarization as seen in Ferguson,
Missouri. The problem is that the left (and even some on the right) support the
idea of big government. More, bigger government means more government offices
and employees, more laws and regulations, and more law enforcement. These
people voted for big government and Ferguson got it. –10/5
Rich
people: producers vs. looters
I hold no grudge towards wealthy
capitalists if they're responsible for creating value by producing goods or
services people want or need. I could spend thousands on the machines and raw materials
for making toothbrushes. But unless I'm going into the toothbrush business, I'm
a lot better off spending $1 on a toothbrush at the store and using my time and
money on other projects. The toothbrush capitalist has made my life easier and
he got rich fair and square. However, if a capitalist uses government
connections to shut down a competitor's factory, or takes a government loan
against businesses who didn't get that loan, that capitalist becomes a LOOTER. –10/6
A
Hong Kong independence movement?
The Chinese Communist Party is back to
its age-old tactics of using organized crime "pro-government" mobs to
attack protestors in Hong Kong. I certainly hope the people of Hong Kong start
a bona fide independence movement. Let Hong Kong become an independent state,
same with Macau. The Chinese nation would be better off economically and
morally, with more Chinese leaving Communist autocracy and becoming citizens of
free states like Hong Kong and Taiwan. –10/13
Competing
currencies in action
One of the things I like about
crypto-currency like Bitcoin and Litecoin is that it's very hard to crack down
on the use thereof. Three years ago a man in North Carolina was federally
convicted of fraud. His crime was making the "Liberty Dollar," a
private medium of exchange to which new members could buy in voluntarily. The
real reason the feds wanted this man gone: the Liberty Dollar was backed by
gold and much stronger than the U.S. Dollar. –10/14
* * *
Socialism graphic courtesy of Secrets of the Fed blog. Hong Kong Tent City photo by Calvin YC, obtained from Wikimedia Commons, and used via CC BY 2.0 license.
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