Was it Wilson, Roosevelt, Johnson, Clinton, or Bush?

Posted by on Feb 6, 2009 in American Economy, Bailout, Dollars & Sense, Drugs, Economy, End of Capitalism, Falling Dollar, Free Thinkers, In the News, Poverty, Presidential Candidates, Ron Paul, Suckered, US Dollar, War on | 2 comments

Who screwed up our economy?

Governments never learn, only people learn.
- Milton Friedman

Under Woodrow Wilson the Federal Reserve came into existence under the pretext of providing a stabilizing force to control the economic cycles.  12 years after it’s creation the longest economic crisis in American history happened.

Under Roosevelt The New Deal gave unprecedented power to the federal government.  These new powers allowed government to jump into each new disaster without worrying as much about the troublesome restrictions the Constitution placed on federal powers.  From this point forward, when situations arose, people turned to government, and government acted.  When the problems did not go away, government gained more power, more money and kept trying.  30 to 40 years with the War on Poverty and War on Drugs, government still requests money and power to fix the problems.  Do we ever learn?

Johnson turned to the disenfranchised and appealed to the American sense of decency to give welfare to the poor.  “Welfare” was an interesting name for a program.  Since the word is used in our founding documents, it must be constitutional right?  Not only did this advance the causes of redistribution and socialism, but it has also lead to the general accepted use of misdirection in legislation names.  If a ‘privacy’ bill is passed, your privacy is probably gone.  If a ‘child protection’ act becomes law, parents are probably no longer the protector of their children.

Under Clinton nothing huge seemed to happen.  It looked like we would have government health care forced upon us, but that did not pass.  One small thing slipped by, the quasi-government mortgage backers Fannie Mae and Freddie Mac were pressured to release funds to under qualified applicants.  No one, not democrats, not republicans, and very few libertarians would see this for the looming disaster it has turned into.

Under Bush we made some huge strides into fascism.  The rights of the individual became secondary to the will of the government.  Additionally, Bush gave us an unjustified war by mistake which has had crippling costs.  Finally, let’s not forget the end of the Bush years with multiple stimulus packages, each more costly than the last.

So who got us into this mess?  All of the above, plus WE let them.  It could also be said that It’s human nature.

Societies without much government interference grow and prosper.  Then they misguidedly look after the lower classes with government welfare.  Government grows, causes problems, and then grows again when everyone habitually turns to government to fix the next crisis, which comes sooner and sooner.

All the great societies of the world have fallen before us.  Now it’s our turn.  I would say it is inevitable, but we have something working in our favor that never existed before:  exponential growth of technology.

If the rapid growth of computers, the internet, and digital storage hadn’t introduced an entirely new industry to America over the last 15 years, our economy would have likely collapsed years ago.

A new industry now could prolong our way of life.  Advances in alternative energy could have a breakthrough allowing cheap and clean energy.  Medical/biological advances could add years to our lives and possible allow the skilled senior citizens to remain economically valuable in their later years.  Robotics could improve overall productivity.  Nanotechnology could build anything and everything for pennies, which we might be able to afford in the decades to come.

So what should we be doing now?  Hell if I know.  Be very wary of government that has a plan.  It’s likely that if you think our current problems are bad, just wait until you see the solutions.

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Drug Wars – We Hold These Truths to be Self Evident

Posted by on Jul 26, 2008 in Drugs, War on | 23 comments

Drug War Success

Most of the harm that comes from drugs is because they are illegal.
- Milton Friedman

We’re Winning the Drug War

No, we lost the second it started. It’s unbelievable to me that we would blindly go down this road again. After all, it was just 40 years earlier when we had the slap in the face that Prohibition gave us. We are STILL paying for Prohibition. By outlawing alcohol we created enormous profit margins for criminals. Criminals used those profits to build empires that persist to this day (the Mafia).

Think about it. If a product or service that is in high demand becomes illegal what is the first thing that happens? Profit margins go up. Once the allure of riches becomes apparent, then those that don’t respect the law will begin delivering those illegal goods and services. When those criminals feel that they’ve been taken advantage of, or ripped off – do they turn to law enforcement? Well…sure, the stupid ones might… but most realize they must take matters into their own hands. Criminals use their profits to build armies. Criminals kill each other and innocent bystanders that get in the way. In the most desperate neighborhoods and countries, druglords are the law.

By making drugs illegal we have turned Columbia into one of the most dangerous places on planet earth. Mexico is rampant with drug money pay offs and even the military is bought and sold by powerful cartels.

Federal, State, and local government spent roughly $50,000,000,000 (50 Billion!) last year enforcing and prosecuting drug crimes in 2007. Despite the costs in money, lives, and damage to society — most high school children have easier access to illegal drugs than they do to alcohol.

Are we winning the war on drugs?

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Save Lives by Doing Nothing

Posted by on May 19, 2008 in Poverty, War on | 2 comments

Do Nothing for Poverty“Moral imperative” and “duty” are commonly heard call to actions for donating to the less fortunate.  Recently these appeals have been raised for the crisis in Myanmar.  And so we send supplies, food, clothing, and other necessities those in desperate times require.

Even a cursory investigation shows those donations are misused.  The Junta regime confiscates the supplies and either hoards or sells them to the masses.  By donating to Myanmar, we are propping up a ruthless, violent dictatorship that is responsible for some of the worst atrocities in modern times.

These facts have been raised.  The left seems to believe that doing something is our obligation.  When “doing something” means hurting the people we wish to help should we continue?

The left and many on the right would rather ‘feel’ like they are doing something rather than doing the right thing, which is nothing.  Yes, that’s correct, doing nothing is the best course of action.  Sometimes, meddling in the affairs of others only makes things worse.

After sending $500,000,000,000 to Africa over the last 30 years, Africa is experiencing poverty more severe than when the “War on Poverty” started.  It’s unfathomable that we continue with the same plan despite obvious indications over many decades that the situation is only getting worse.

Are we winning the war on drugs?

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