A Journal for Western Man :  Issue LXXXI

Return to Issue LXXX.          View TRA's Principal Index.               Proceed to Issue LXXXII.

TRA's Yahoo! Group.            View TRA's Old Master Index.          TRA's Allied Organizations.

TRA's Discussion Forum.     View TRA's List of Contributors.        Submit Items to TRA.

Culture

 

The Ivy-Covered Con Game:

Burt Prelutsky

December 5, 2006:

Burt Prelutsky criticizes the prevailing cultural assumption that all 18-year-olds should attend college-- irrespective of their aptitudes or desires in the realms of scholarship. Rather, for many young people, attending college would be four years wasted-- especially since many colleges throughout the country offer courses in pseudo-disciplines such as black studies, Chicano studies, and even lesbian studies.

 

Economics

 

The Social Function of Futures Markets:

Dr. Robert P. Murphy

November 30, 2006:

In a previous article, Dr. Robert Murphy described the "social function" of stock speculators. In the present piece, he explores the role of healthy futures and forward markets in a modern economy. Forward and futures markets are yet another refinement in the growing complexity of a modern financial economy. By distilling the purely speculative aspect out of intertemporal transactions and placing this risk on those who want to bear it, forward and futures contracts foster a greater specialization in the division of labor. Even though the vast majority will never own such contracts, all consumers benefit from the more efficient allocation of resources and production decisions over time.

 

Forbidden Games:

Xavier Méra

November 30, 2006:

Xavier Mera exposes the hypocrisy of those in France who would fine and arrest members of private firms which specialize in gambling while advocating state-sanctioned and even state-run gambling monopolies. It is not competition among gambling firms, but rather lack of such competition which can render such firms disreputable and injurious to their customers. The more a given market is open to new competitors and entrants, the more existing firms on the market have every interest in being concerned with their reputation. Every blow played to consumers by a firm is all the more likely to elicit a pecuniary sanction than when consumers can choose to buy instead from competing firms or from firms which will seize this opportunity to enter the market.

 

Monetary Inflation is the Problem:

Rep. Ron Paul, M. D.

December 5, 2006:

Rep. Ron Paul argues that the decline in the value of the dollar is simple to explain.  The dollar loses value as the direct result of the Federal Reserve and U.S. Treasury increasing the money supply.  Inflation, as the late Milton Friedman explained, is always a monetary phenomenon.  The federal government consistently wants to spend more than it can tax and borrow, so Congress turns to the Fed for help in covering the difference.  The result is more dollars, both real and electronic—which means the value of every existing dollar goes down.

 

The Business of Government (1956):

Dr. Murray N. Rothbard

December 5, 2006:

In the midst of nationwide prosperity, some economic and social problems keep nagging at the public. All over the country, they take the same form. What are they? Traffic congestion, inadequate roads, overcrowded schools, juvenile delinquency, water shortages. Such matters have proven troublesome in many ways; above all, they seem to breed conflicts. Is there anything special about water or schooling that creates insoluble problems? How does it happen that there are no fierce arguments over what kind of steel or autos to produce, no battles over the kind of newspapers to print? Dr. Murray Rothbard gives the answer: There is something special — for the problems of schooling and water supply are examples of what happens when government, instead of private enterprise, operates a business.

 

Historical Analysis

 

Three New Deals: Why the Nazis and Fascists Loved FDR:

David Gordon

December 5, 2006:

Critics of Roosevelt's New Deal often liken it to fascism. Roosevelt's numerous defenders dismiss this charge as reactionary propaganda; but as Wolfgang Schivelbusch makes clear in his book, Three New Deals: Reflections on Roosevelt's America, Mussolini's Italy, and Hitler's Germany, 1933-1939, it is perfectly true. Moreover, it was recognized to be true during the 1930s, by the New Deal's supporters as well as its opponents. David Gordon reviews Schivelbusch's work and cites the evidence it gives for the similarity among the New Deal, Fascism, and National Socialism.

 

Politics

 

Rethinking the Draft:

Rep. Ron Paul, M. D.

November 30, 2006:

Once again the possibility of reinstating a military draft is being discussed in Washington, and while the idea seems remote, it is not unthinkable. Rep. Ron Paul believes wholeheartedly that an all-volunteer military is not only sufficient for national defense, but also preferable. It is time to abolish the Selective Service System and resign military conscription to the dustbin of American history. Five hundred million dollars have been wasted on Selective Service since 1979, money that could have been returned to taxpayers or spent to improve the lives of our nation's veterans.

 

The Californication of the Economy:

Alan Caruba

November 30, 2006:

The midterm elections were held on November 7th, and by November 10th the Associated Press reported that California Senator Barbara Boxer was promising “major policy shifts on global warming, air quality, and toxic-waste cleanup as she prepares to lead the U.S. Senate’s environmental committee.” Alan Caruba calls this the “Californication” of the economy because Sen. Boxer would model federal legislation on a new California law that imposed the first statewide limit on greenhouse gases, seeking to cut that State’s emissions by 25 percent in an effort to return them to 1990 levels by 2020. A cadre of “progressive” members of Congress will now attempt to destroy the nation’s latest spate of economic growth and prosperity. They will do so in the name of “global warming” and a working class they say is suffering under the heel of evil capitalists.

 

Let's Import Israelis Before There Aren't Any:

Alan Caruba

November 30, 2006:

The president of Iran, Mahmoud Ahmadinejad, expressing the intention of the ayatollahs, has said he wants to wipe Israel off the map by killing every man, woman and child. Iran will use a nuclear weapon and is close to being able to make one any day now. If the nuclear option is not used, the proxy armies of the Iranian puppet-masters will be Hezbollah attacking from Lebanon and Hamas from Gaza. Israel is in a pincers between armed camps sworn to destroy it. In the past, it has been able to defeat its enemies. It may not be able to do so in the future. Alan Caruba suggests that the United States accept and encourage extensive emigration from Israel to the U. S. so as to save the Jewish people from the threats that endanger them in the Middle East and so as to enrich America with the talents and skills of these individuals.

 

How We Will Lose Our Freedom of Speech:

Selwyn Duke

December 5, 2006:

If people were asked about actor Michael Richards's epithet-laced outburst at a Los Angeles nightclub, there would be a lot of focus on the verbal assault but very little on an assault on freedom of speech.  In truth, however, writes Selwyn Duke, if there is anything at all relating to this story that rises above gossip-column fodder, it is that it is also fuel for demagogues who seek control over discourse in America. Mr. Duke outlines the threat of politically-correct laws against "hate speech" being imposed on Americans and violating their First-Amendment freedoms.

 

"I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."

 

~ Milton Friedman

 

 

 

 

 

 

-----------------------------------

Principal Index

-----------------------------------

Old Superstructure

-----------------------------------

Old Master Index

-----------------------------------

Contributors

-----------------------------------

The Rational Business Journal

-----------------------------------

Forum

-----------------------------------

Yahoo! Group

-----------------------------------

Gallery of Rational Art

-----------------------------------

Online Store

-----------------------------------

Henry Ford Award

-----------------------------------

Johannes Gutenberg Award

-----------------------------------

CMFF: Fight Death

-----------------------------------

Eden against the Colossus

-----------------------------------

A Rational Cosmology

-----------------------------------

Links

-----------------------------------

Submit/Contact

-----------------------------------

Statement of Policy

-----------------------------------