A Journal for Western Man :  Issue CXVII

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Economics

 

Uncertainty (1949):

Ludwig von Mises

August 9, 2007:

The uncertainty of the future is already implied in the very notion of action. That man acts and that the future is uncertain are by no means two independent matters. They are only two different modes of establishing one thing. This excerpt from Chapter 6 of Ludwig von Mises's Human Action discusses the role of uncertainty in economics as well as the distinction between case probability and class probability.

 

The Coming Second Life Business Cycle:

Matthew Beller

August 9, 2007:

In an application of Austrian economic analysis to one of the most intriguing online communities, Matthew Beller argues that it appears very likely that Linden Research Inc.'s Second Life will experience at least some form of economic recession. Depending on its severity, it might result in Linden's losing many of its customers. If Linden wants to prevent this from happening and foster a stable, growing economy within Second Life, it should apply the lessons of Austrian economics to its policies: abolish restrictions on content, strengthen the ability of residents to enforce their property rights, and, most important, tie the Linden Dollar to a real-world commodity money backed by 100% reserves.

 

Literary Analysis

 

Oedipus Exonerated: The Many Murderers of Laios in Sophocles's Oedipus Rex:

G. Stolyarov II

August 9, 2007:

Mr. Stolyarov writes that in Sophocles's famous play, Oedipus Rex, Oedipus did not in fact murder his father Laios. Indeed, the shepherd's account that Laios was attacked by multiple marauders is not the sole inconsistency between Oedipus's story and his. On the basis of these multiple inconsistencies, the reader can conclude that the killing scene Oedipus describes and the actual murder of Laios as recalled by the shepherd were indeed two different events.

 

Politics

 

How Public Education Creates the Generation Gap:

G. Stolyarov II

August 9, 2007:

The predicament plaguing a tremendous fraction of school-age children today is too obvious to be overlooked. A preponderance of rudeness, a disdain for the intellect, and a lack of motivation or work ethic are the least of their problems. The widespread tendency toward self-destructive activity – including teenage intercourse, self-abasing parties where alcohol is consumed with drunkenness as the goal and other more damaging drugs are introduced, the frequent desire to put one’s life on the line to “prove a point” or demonstrate one’s “coolness” – is far more disturbing. Mr. Stolyarov argues that the current self-destructive youth culture could not have emerged without universal compulsory public education.

 

To Limit the Unlimited?:

Leonid Fainberg

August 9, 2007:

Leonid Fainberg states his reasons for why the Fiscal Restriction Amendment elaborated in Mr. Stolyarov's ”A Plan for Cutting Big Government” would not succeed in restricting the state. Mr. Fainberg contends that an attempt to limit government spending without first limiting the government's functions is an attempt to limit the inherently unlimited.

 

Do-Nothing Energy Policies:

Paul Driessen

August 9, 2007:

Paul Driessen writes that energy bills currently before Congress do virtually nothing to generate net new energy -- and much to make even more energy deposits inaccessible. They emphasize various “renewable energy" sources that they say have limited “carbon footprints” – but fail to recognize the negative economic, land use and overall energy consequences of those alternative energy systems. In short, the energy bills currently being debated in Congress would have major adverse effects on the nation’s energy production, transportation, agriculture, manufacturing, employment and families – as well as on our environment.

 

Mr. President, Release Ramos and Compean:

Dr. Chuck Baldwin

August 9, 2007:

Any thoughts that the U.S. Justice Department and U.S. Attorney Johnny Sutton were sincerely seeking true justice with the prosecution and conviction of former U.S. Border Patrol Agents Ignacio Ramos and Jose Compean have been thoroughly exposed as blatantly disingenuous by the recent revelation of Congressman Dana Rohrabacher (R-CA). Dr. Chuck Baldwin explains.

 

Why Are Christians So Gullible?:

Dr. Chuck Baldwin

August 9, 2007:

So many Christians today have a dangerously credulous attitude toward the actions of the United States government. Dr. Chuck Baldwin argues that this blind faith in the current political authorities goes against key Christian principles and is a sign of a faltering Christian leadership.

 

Corn Facts, Not Corn Flakes!:

Alan Caruba

August 9, 2007:

Alan Caruba presents alarming statistics about the adverse impacts on consumers of federal ethanol production mandates. Across the board, the price of a bushel of corn was up six percent in 2006 because of federal government mandates for the production and use of ethanol. Environmentalists and the U.S. Congress want to destroy the U.S. economy by diverting corn from feeding the livestock and other food products that we consume and the thousands of other uses for which it is required. Driving up the cost of corn is pure genius if you want to inflict financial pain on everyone and destroy the nation’s economy.

 

Demand That the Senate Kill Journey Through Hallowed Ground NHA!:

American Policy Center

August 9, 2007:

The Senate Environment and Natural Resources committee has marked up some 25 bills this week, all of which are an attack on private property rights and an expansion of government land ownership. Among the worst is S. 289 to establish the Journey Through Hallowed Ground (JTHG) National Heritage Area (NHA). Also bad is S. 278 to establish a permanent program to create new NHAs nationwide. The American Policy Center has been the premier organization fighting NHAs. To date, because of your help, The APC has stopped them ... against all odds. It is urgent we stop them once again.

 

"Natural science does not render the future predictable. It makes it possible to foretell the results to be obtained by definite actions. But it leaves unpredictable two spheres: that of insufficiently known natural phenomena and that of human acts of choice. Our ignorance with regard to these two spheres taints all human actions with uncertainty. "

~ Ludwig von Mises

 

 

 

 

 

 

 

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CMFF: Fight Death

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Eden against the Colossus

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Implied Consent

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Links

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Mr. Stolyarov's Articles on Helium.com

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Mr. Stolyarov's Articles on Associated Content

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Mr. Stolyarov's Articles on GrasstopsUSA.com

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