Monthly Archives: December 2009

The Essence of Hutt

The Essence of Hutt

William H. Hutt’s outstanding accomplishment is his pathbreaking reconstruction of the macroeconomic analysis of price and resource allocation, the long-established core of neoclassical economics. He demonstrates its indisputable and abiding relevance to the macroeconomic problems of inflation, unemployment, and depression. In the course of this undertaking, Hutt presented a theory of unemployment and depression that, while completely consistent with the important macroeconomic truths embodied in a rehabilitated Say’s Law of markets, is fully capable of explaining observed macroeconomic fluctuations, including the puzzling and seemingly intractable contemporary problem of stagflation.

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Libertarians Awake

Libertarians Awake

Libertarians! Now hear this!

You are wasting your time, energy and money supporting the mostly useless exercise called the Libertarian Party.

From Jahfre Fire Eater we have the wise words:

“This damage allows the forces of oppression and those who intend to wield government force to eliminate their opposition to advance in the confusion. The progressives progress while their intended victims bicker over minutia. They didn’t bring this country to the brink of collapse into socialism over night. They didn’t waste energy trying to promote a third party or demonstrating in the streets. They spent a few years and a few million lives taking over the Democratic Party and controlling it for the past 70 years. They spent the last 40 years taking over the GOP and now progressives control both parties. Bickering over the emperor’s new clothes will not undo that rot and set this country on a course for peace and prosperity. It takes effort to go into those parties and physically take control back from them, one position at a time.”

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Zimbabwe Ben’s “Audit”

Zimbabwe Ben’s “Audit”

In his 29 November 2009 Washington Post piece, Zimbabwe Ben (ZB) states, “Our financial statements are public and audited by an outside accounting firm”. He’s right. The Fed’s website let’s you download the Fed’s audited 2008 financials. Some interesting points (millions):

The Fed has $2,245,728 in assets and $42,152 in capital, a 1.88% capital ratio, or 53.3X leverage ratio. ZB, didn’t the SEC recently tell investment banks leverage ratios of 35X were unsound? Or did you miss that? Or is the Fed a highly leveraged, poorly managed hedge fund?

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Big Brother 1/5 – Conspiracy Theory – Jesse Ventura

Big Brother 1/5 – Conspiracy Theory – Jesse Ventura

Jesse looks at a frightening world of government surveillance on U.S. citizens. He finds that under the guise of making us safer, officials in Washington DC may be trying to snatch away our civil rights. In his research, the Governor gets a peek at futuristic and ingenious products that can record an unsuspecting victim’s private data.

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A Decade of Self-Delusion

A Decade of Self-Delusion

About the first decade of what was to be the Second American Century, the pessimists have been proven right.

According to the International Monetary Fund, the United States began the century producing 32 percent of the world

Terrorism Is a Cost of Empire

Terrorism Is a Cost of Empire

To justify the federal government’s massive post-9/11 infringements on civil liberties, the proponents of Big Government have sometimes said, “There hasn’t been another major terrorist attack on the United States since 9/11

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The Presidents of the United States On A Libertarian Scale

The Presidents of the United States On A Libertarian Scale

I consider myself a paleolibertarian. I enjoy reading rankings of the American presidents. But, it’s very difficult to find a ranking from the libertarian perspective. (I found only one online that is decent, but there is also a book.) Most rankings are problematic because they reward successful conquests and legislating as much as possible. Shouldn’t presidents be commended for not killing people and for giving us as much freedom as possible? Another problem is that we rarely read about what presidents actually did. All we read is the twisted propaganda (e.g., Lincoln preserved the nation, FDR got us through the Great Depression). And so, my goal in this article, which took about 60 hours of research over two months to create, is to (1) objectively rank the 43 US presidents from best to worst by libertarian standards and (2) summarize and score the actions that they took.

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Another Evil Bill Signed Into Law HR 2640 Veterans Disarmament Act

Another Evil Bill Signed Into Law HR 2640 Veterans Disarmament Act

In darkness, CONgress and The Senate, with NRA help, did it to us during the eve of the holiday recess, by partnering with the usual suspects to pass a bill that can result in you loosing your arms without trial if you were ever on record as a vet or private person who suffered a diagnosis of “shell shock” A.K.A. PTSD no matter if you have never been a danger to yourself or others.

Once Hillary sCare gets into full swing, records will be more easy to consolidate.

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Get Rid of Pelosi: Money Bomb Introduction; Jan 7th

Get Rid of Pelosi: Money Bomb Introduction; Jan 7th

Supporters of John Dennis put this video together, reminding people that sometimes it’s necessary to vote with your wallet. John Dennis needs your help, and so do your children (and grandchildren). It’s time to put an end to the Madame Speaker’s reign. For the sake of American freedom, please mark January 7th 2010 on your calendars and help make this money bomb a day to remember!

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Financial Tornado 2010 – The Day the Dollar Died

Financial Tornado 2010 – The Day the Dollar Died

Ordinary citizens worked at their jobs, sent their children to school and worried about their grades, maneuvered for promotions and rejoiced when they got them, and generally expected things to get better than the year before, for it was the American Way. You work hard, pay your taxes, live a good life, stay out of trouble with the law and all is well.

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