Watch “Government Can’t Fix Healthcare” on YouTube
Reply
Category Archives: Politics
Rule by the Unhinged
The last 5 presidents got us into $30,000,000,000,000 in debt. Just switching between R’s and D’s won’t solve it.” [a meme on social media]
Defund 90 percent of the federal government–especially schools; privatize medical care and retirement; massively cut taxes; beef up the military (for defensive purposes ONLY); and pay down the debt with the massive economic growth that follows. Oh, and transition to the gold standard. That’s what we need to do, and neither party will do.
****************
If you know any leftists, are they worried about what’s happening to the country? Or do they think military defeat, hyperinflation, censorship and unlimited government will lead to peace, prosperity and the brotherhood of man?
****************
Leftists no longer virtue-signal. They literally compete to signal how INSANE and EVIL they are. We are under the political & cultural rule of irredeemable psychopaths.
****************
“I acknowledge one must acknowledge that prices are going up.”
— Kamala Harris, the regime’s “vice president” on 4/12/22
Revolutions have been fought — and won — with far less provocation than the unimaginable stupidity and arrogance of people holding power today.
***************
“Even the darkest night will end and the sun will rise.”
— Victor Hugo
***************
“Remember also that the smallest minority on earth is the individual. Those who deny individual rights, cannot claim to be defenders of minorities.”
Inflation isn’t What the Experts Say. And it is deliberate
Definition of inflation
Monetary inflation is highly desired by the state. This has been the case thought history and still is the case today. That is because inflation facilitates government spending beyond revenue it takes through taxation. Government spending gives rulers, politicians and bureaucrats greater centralised control and commanding power over people’s lives (i.e., the economy and society).
Without inflation, the state finds itself shackled within the confines of what it can take via taxes. Therefore, governments will not miss a change to gain control of the monetary system. Once the state does have control of money, inflation becomes inevitable and institutionalised. This is why, in recorded history, nearly all cases of great inflation and hyperinflationary socioeconomic collapse (e.g., Weimar Germany, Zimbabwe and more recently Venezuela) have been a result of government (and/or its central bank) deliberate policy.
It is because of the insatiable appetite to spend more than they take through taxes that governments, through political deception and coercion, tend to undermine a sound money system and repress monetary freedom in favor of one that facilitates currency debasement (i.e., money printing). That is to say a fiat currency regime monopolised by the state and forced on the people by legal tender laws.
As such, from the statist economics standpoint, the definition of inflation had to be distorted and the public miseducated about it —so that the process of currency debasement (i.e., monetary inflation) may go unnoticed and accepted by those whom it hurts the most, the general pupation.
The popular and textbook definition of inflation is a generalized rise in the prices of goods and services. Commonly measured by the Consumer Price Index (CPI). This definition is not wrong per se but it is inaccurate and grossly misleading. Deliberately so.
The original and more accurate definition of inflation is the artificial increase in the supply of money (and credit). By artificial it is meant that the expansion of the supply of money is not determined by the market (i.e., the people) but rather by the government, usually through a central bank.
So, this confusion in terms is not coincidental, it is deliberate. Given the rise of Keynesian economics and the inherently inflationary 48 Comments we, humanity, live under for fifty years now.
Deliberate distortion
The original definition of inflation has been distorted for two principal reasons. First, the government and its monetary agency—the central bank—shield themselves from any future blame for the continuing rise in prices and the currency loss of purchasing power that inevitably happens as a result of inflationist monetary policy. This enables the government and mass media outlets to divert the blame to something or someone else. The usual scapegoats being “greedy businessmen” or “corporations.”
Second, the official and distorted definition of inflation—a generalised increase in prices of goods and services—conceals the truth, the true source of inflation, thus preventing the public from knowing that inflation and the currency’s loss of purchasing power is a deliberate policy of government/central bank. Not knowing this, the public will not protest against it.
For example, this report claims that most Americans believe “corporate greed, profiteering and price gouging” is the cause of the current inflation crisis in the United States, where price inflation hit a 40 year record high.
What’s more unsettling is the same report found that the majority of those polled also believe that the government should step in and resolve the problem. In other words, the public wants the causer of the problem to solve the problem.
Such is the depth of economic misinformation and miseducation we face. Perhaps, if the public knew that since the establishment of the current US central bank in 1913, the dollar lost more than 95 percent of its purchasing power relative to gold (the commodity that gave the dollar its initial value, stability and global acceptability), they wouldn’t blame the inflation crisis on “corporate greed”.
Economist and social philosopher Murray Rothbard wrote:
“Government is inherently inflationary because it has, over the centuries, acquired control over the monetary system. Having the power to print money (including the “printing” of bank deposits) gives it the power to tap a ready source of revenue. Inflation is a form of taxation, since the government can create new money out of thin air and use it to bid away resources from private individuals, who are barred by heavy penalty from similar “counterfeiting.” Inflation therefore makes a pleasant substitute for taxation for the government officials and their favored groups, and it is a subtle substitute which the general public can easily—and can be encouraged to—overlook.”
The government’s monetary agency and the current fiat money system are the cause for today’s increasingly inflationary and chaotic monetary situation. Not corporate greed, speculators, free-market capitalism, Vladimir Putin, or the weather.
Under a fiat currency regime, the central bank can easily, artificially and systematically increase the money supply, almost like a magic trick, which makes inflation (mild or severe) the norm. And this inflationary process gradually destroys the purchasing power of the currency resulting in higher prices. This policy, while benefiting the government and associates, defrauds the people and impoverishes society, economically and morally.
Economist Hans F. Sennholz noted:
It is not money, as is sometimes said, but the depreciation of money—the cruel and crafty destruction of money—that is the root of many evils. For it destroys individual thrift and self-reliance as it gradually erodes personal savings. It benefits debtors at the expense of creditors as it silently transfers wealth and income from the latter to the former. It generates the business cycles, the stop-and-go boom-and-bust movements of business that inflict incalculable harm on millions of people.
Professor Sennholz further noted:
Monetary destruction breeds not only poverty and chaos, but also government tyranny. Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tools, if any, are more important to the champion of freedom than a sound monetary system.
Conclusion
A generalised rise in the prices of goods and services, is a consequence of inflation, not inflation itself. Inflation was classically (pre-Keynesian economics) defined as an artificial increase in the supply of money and credit.
Nowadays it makes sense to use the terms monetary inflation to specify the artificial increase of the money supply, on one hand. And use price inflation to refer to a generalised rise in prices of goods and services on the other.
Irrespective of the confusion in definition, inflation stealthily distorts and debilitates the economy, steals the people’s purchasing power and impoverishes society while benefiting the ruling political and business elites.
History (and common sense too) makes it clear that fiat currency regimes are unsustainable arrangements that always and inevitably fail. As such, there is no reason to believe today’s cruel and oppressive fiat currency regime will defy Natural law to stand the test of time.
Evidence suggests it is more sensible to believe the fiat dollar standard too will crumble. And when it does, we hope economic miseducation and misinformation will crumble along with it.
Author:
Manuel Tacanho is founder of Afridom, a sound money based digital banking startup for Europe and Africa. He’s also an advocate of free markets and sound money for Africa’s economic development.
The Company You Keep
“The key is to keep company only with people who uplift you, whose presence calls forth your best.”
— Epictetus
Liberty for Senior Citizens, Part I
Dr. Gresham, President Emeritus and Distinguished Professor, Bethany College, Bethany, West Virginia, here reveals, in part, his plans for those busy years ahead.
Older Americans are in a serious identity crisis. Many of the norms for aging are not appropriate for bright and active older people. The norms are changing which adds to the problems of identity. The acceptable role for “grandparents,” “senior citizens,” and “older Americans” is anything but clear; but even when it is clarified, it turns out to be objectionable to any person who has a mind of his own. One cannot fit the stereotypes that have accumulated through years of misunderstanding.
Old people are regarded as a sort of nuisance. The prevailing attitude seems to be, “Get out of the labor force and leave room for the young,” “get off the highway and let the young people who wish to go somewhere, go,” “these things cannot possibly mean anything to you so get out of the way and let us enjoy them.”
I have noticed a look of irritation and contempt when I must ask some mumbling young person to repeat a sentence because I do not clearly understand what he is saying. When a young person spills his coffee, it is just a mistake; but when I spill mine, it is because I am shaky and the person at hand may be irritated. The doctors say, “At your age you should not undertake this kind of treatment,” or an onlooker will say, “Just look at the old fool trying to be romantic.” Once it was said of children, “they should be seen and not heard.” This same attitude of contempt has now been transferred to older people. The attitude seems to be, “Shut up, Dad. Things have changed since you had anything to do with them.”
This attitude does not always have a hostile edge. It may be a benign compassion which increases the intensity of the sting. It is easier to face contempt than such an attitude as, “Oh, there, there now; of course you feel that way because you are old.” A person who is pitied is diminished in self-respect far more than a person who is scorned. Members of one’s own family may be swept up in the conventional attitudes toward aging to the extent that they feel a condescending attitude of pity toward anyone past sixty-five. What could be more infuriating to a highly competent septuagenarian than to have one say, “How remarkable. You still drive a car?” or “You are in your seventies. Do you still give lectures?”
There are times when those of us who are old need sympathy and pity and we do well to accept it with grace and gratitude; but there are other times when we deserve respect and we resent being exposed to the so-called “compassion for the old” which is about the most obnoxious attitude anyone could hold for us. When we are capable and qualified people, we should be regarded as equals where this is appropriate, superiors where we deserve it, as inferiors when the appraisal is just; but in every case, we have the right to stand on our own feet and be honorable, respected people.
The young people I know, of course, reflect none of these attitudes, but this is a personal matter. My students regard me as a contemporary. The contempt appears only in impersonal relationships.
A little bit of common sense will tell any reflective person that many people have a whole new surge of vitality, interest and ability in their sixties. This is particularly true for people in public life, people in business, professions and in finance. The stereotype of the spent old person at sixty is about one hundred per cent wrong. Yet older people face major discrimination when they attempt to market their talents. I have been shocked by my contemporaries in law and medicine who are still active in their professions who say to me, “Oh, at your age, I do not think you should take on anything else.” Here are intelligent people who would not give up their own responsibilities for anything, advising their patients and clients to live by the distorted norms.
These norms, however, are changing. Once the old people in America were few, but now we are many. With the increase in life expectancy and the interesting configuration of population growth, old people have come to be a powerful political force. Now eleven per cent of the American people are past sixty-five. As the numbers have been increasing, so have the skills and methods of political clout. Many old people have come to be self-conscious exponents of a minority seeking a voice in public affairs. The large associations of people in their sixties or older are as numerous and active as any associations in America.
Certainly I cannot speak for other people who have lived six or seven decades; but I can speak for myself and, by conversation, insight and study, reflect the attitudes and opinions as well as the needs and interests of many contemporaries. Some of the points that I make here may be widely disputed, as I find myself disputing some of the most vigorous attempts of some aging activists to get special interest legislation approved by the Congress. The privilege of differing viewpoints is certainly an earned prerogative of the mature. When I say we want these things, I really mean that these are the things that seem to me paramount for those of us who have reached the sixties and beyond.
Part 2 tomorrow. A/D
Elon Musk is Driving the Left Insane—And It’s a Beautiful Thing
Leftist reaction to Elon Musk’s possible buyout of Twitter reveals a lot. Snowflake Twitter employees and executives, and other leftists, actually say open speech on Twitter is a DENIAL of free speech. How can they say this? THEY are the ones who censor right now. Musk proposes allowing every point-of-view on Twitter.
Isn’t he the one advocating free speech? He’s not going to shut down leftist views; but leftists already have shut down views they don’t like on Twitter, Facebook, Google, YouTube and most other places.
You have to understand how a leftist thinks. Actually, you have to understand how a leftist FEELS. Because leftism is based on feeling. When a leftist hears a point-of-view he does not like, it’s a violation of rights, in his mind. A rational person would only feel violated if someone stole his property or initiated physical violence against him. A leftist feels just as violated (if not more so) if someone expresses — or these days, even privately holds — a viewpoint the leftist does not like.
It sends a leftist into a rage when he becomes aware that someone doesn’t agree with him on economics, morality, politics, justice or culture/psychology. The moment the leftist feels that rage, the anxiety becomes unbearable. Leftism is based on subjectivism. Subjectivism is the false belief that feelings and objective reality are one and the same. If you FEEL it, then it must be TRUE. If you FEEL offended when someone suggests that taxes shouldn’t be 95 percent, or fossil fuels should remain legal, that inflation is a bad thing, or that five-year-olds are not able to determine their sexual orientation or gender identity — if you FEEL offended when anyone expresses any of those views, then your feelings are valid. You have a right to shut up the people saying these things and (on the same premise, extended further), you have a right to lock up, haul away or perhaps even kill people who hold views that offend you.
Leftists are unable to tolerate other opinions, because their feelings rule their minds and their lives. And they’re using social/interpersonal pressure combined — increasingly — with brute government force to get their way.
Elon Musk stands in their way. You can expect a wrath unleashed on him even worse than what you saw against Donald Trump.
And really, watching leftists experience unbearable anxiety and melt down in public — it’s a beautiful thing.
A New Era of Objectivism
The Atlas Society stands for an open, benevolent, intellectually tolerant approach to Objectivism in which philosophical disagreements are dealt with through civil discussion and intellectual exchange. We adopted this approach partly in contrast to an approach that has led to many unnecessary conflicts and schisms among adherents of Ayn Rand’s philosophy over the years, as discussed in David Kelley’s book, Truth and Toleration in Objectivism (1990, 2019).
The Ayn Rand Institute recently published a long article addressing this history of schisms—the first official comment on the issue from that wing of the Objectivist movement in many years. The article rehearses selective details of some disagreements among Objectivists in an attempt to vindicate the many bridges ARI has burned over the decades. Yet along the way, it ends up embracing the key ideas The Atlas Society has been advocating all along.
First, ARI acknowledges that it is not the definitive representative or arbiter of the philosophy of Objectivism.
ARI does not regard itself as the leader of an organized Objectivist movement:
ARI…does not pretend to be a spokesman for Ayn Rand or Objectivism…. ARI seeks a “movement” only in the sense that Rand describes above: independent individuals and organizations working on the task of spreading ideas—specifically, on increasing awareness and understanding of Objectivism—who cooperate when they find it mutually beneficial to do so and who otherwise go their separate ways.
Moreover, they concede that after Ayn Rand’s death, “She was no longer there to police the use or misuse of her name or philosophy, to declare who is an authorized representative and who is not. And no one could reasonably regard any existing individual or organization as a spokesman for a person now deceased.”
As to whether this is how ARI has actually conducted itself over the years, those who have been in the movement can consult their own memories of the various past disagreements and decide for themselves. Rather than revive these debates, we choose simply to accept this implicit acknowledgement that the questions of what the philosophy of Objectivism means, what principles are essential to it, and what new ideas are consistent with it are to be evaluated by every individual Objectivist based on his own judgment. No person or organization has a central role or special authority. To which we can only say: “Amen.”
Second, ARI acknowledges that ideological disagreement within a movement, even sometimes deep and bitter disagreement, is normal and natural.
It is entirely normal for a movement that is engaged in bringing important new knowledge to the world to have leaders who disagree, often vehemently, about the meaning and application of that knowledge.
If disagreement is normal, it should be treated as such and addressed through the ordinary norms of intellectual debate, not through division into warring camps along with warnings against sanctioning each other’s sanctioners. We are glad to see that such demands have now been conspicuously dropped and ARI has nominally adopted the more benevolent approach of “going our separate ways” as and when we disagree.
That leads us to the final point of interest in this article, which is its repeated use of the phrase “other Objectivists,” including “other Objectivist intellectuals or organizations,” to describe the counter-parties of the various breaks and schisms. It is an implicit recognition that despite our disagreements, we are all advocates of the same philosophy and that there is a multiplicity of Objectivist voices.
Objectivism is and should be a movement of “independent individuals and organizations…who cooperate when they find it mutually beneficial to do.” We agree and are glad to see the Ayn Rand Institute endorsing the same idea. There is still a great deal that needs to be done to make this happen, rationally and benevolently, in practice. But we are happy to see it acknowledged in theory.
The Atlas Society has been putting these principles into practice for many years, and to the extent others choose to follow that lead, we can all move forward into a new and more productive era in the Objectivist movement.
The Atlas Institute
“I Wanted to Watch them Die Right in Front of my Fu***ng Face”–Frank James
“Person of interest” Frank James. Image provided by the New York City Police Department.
Yesterday, someone opened fire on the occupants of a New York City subway. The shooter injured ten people (none fatally) and another 13 people were injured in the rush to get out of harm’s way.
The prime suspect is Frank R. James because the key to a U-Haul Mr. James rented was found at the scene of the crime, along with a Glock, ammunition, gasoline, a hatchet, and smoke grenades.
Police at a nearby street after a shooting took place at a subway station in Brooklyn, New York, the United States, on April 12, 2022. (Credit Image: © Wang Ying / Xinhua via ZUMA Press)
Keechant Sewell, NYC’s black Police Commissioner, noted that Mr. James has “made some concerning posts” without going into much detail. The “concerning posts” show that Mr. James is a black radical unopposed to violence. In a YouTube video (since removed) uploaded a day before the shooting, he said:
I’ve been through a lot of shit, where I can say I wanted to kill people. I wanted to watch them die right in front of my fucking face immediately. But I thought about the fact, ‘Hey, I don’t want to go to no fucking prison. Fuck that! I’m not going to no fucking prison. I’m just not.’
In another video (also since removed), he seemed to imply that the Russo-Ukrainian War was a kind of test run for whites hoping to exterminate blacks:
They’re white, you’re not. They’re doing that to each other? What do they think they’re going to do to you? It’s just a matter of time before these white motherf—ers say, ‘Hey listen, enough is enough, these n—–s gotta go.’ What’re you going to do? You gonna fight. And guess what? You gonna die.
Other posts criticized NYC Mayor Eric Adams in broad terms, and Ketanji Brown Jackson for marrying a white man.
March 23, 2022: Ketanji Brown Jackson is embraced by her husband Patrick Jackson following the third and final day of her Senate nomination hearings. (Credit Image: © Rod Lamkey / CNP via ZUMA Press Wire)
Information about the race of the ten people shot is unavailable. However, if Mr. James really did the deed, he was almost certainly copying Colin Ferguson. Mr. Ferguson, a black Jamaican, opened fire on passengers of a NYC subway in 1993. His motive was vengeance against the white man, and all of his victims were white or Asian. It will be interesting to see how the media spins this story as more information becomes available.
Chris Roberts
America is in its Second Civil War
Republicans are usually worthless, except for DeSantis. Now the governor of Texas has found his inner DeSantis. He is holding the Biden regime accountable for the impeachable offense of refusing to enforce America’s borders under existing law. He has shipped illegal immigrants to the Imperial City.
We know the tactic had an effect. How? The leftists occupying the capital of the former American republic are really, really mad.
Texas’ action isn’t just symbolic. It’s an exercise of state power over federal power in defense of the American Constitution, and — more fundamentally — the U.S. Bill of Rights. Enforcing the border is an individual rights issue. The Biden regime is letting anyone and everyone into the country, creating a state of lawlessness and anarchy so that it may hook millions of people on government programs, ensuring a DemCom majority forever. And the tactic may well work. But states like Texas have other options. They can do what their present governor did — ship illegal aliens to annoy the corrupt elite in the Imperial City.
And, worst case, Texas can secede once it becomes clear — as it will, on our present course — that the unaccountable leftist regime in D.C. is an enemy of individual rights, the U.S. Constitution and — therefore — an enemy of Texas too.
Other states and localities will have to follow suit, at some point. Not just with immigration, but with vax mandates, permanent mask mandates, deliberate inflation and decisive destruction of the American economy. Otherwise, the occupying forces in D.C. are going to swallow all of us up. Like it or not, we’re already in a civil war. The only choice is how soon you accept it.
Michael J. Hurd, Daily Dose of Reason
Watch “The War on Work” on YouTube
THE ARTFUL DILETTANTE 
