Issue CLXXVII

November 11-18, 2008

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Constitutional Political Economy
Rewriting the Constitution to Perpetuate It: A Plan for Periodic Constitutional Revisions:
G. Stolyarov II

November 11, 2008
Mr. Stolyarov discusses the importance of periodically realigning the mechanisms of government that a constitution establishes with the principles and protections that these mechanisms are meant to uphold. To this end, Mr. Stolyarov proposes creating an extra-governmental organization, the Institute for Constitutional Revision, which shall have the power to rewrite the mechanisms of a constitution, but not its bill of rights or restrictive clauses, once every 300 years.

Creating Constitutional Culture: A Mechanism for Establishing a New Free Society and Constitutional Government:
G. Stolyarov II

November 12, 2008
Mr. Stolyarov proposes that a new free society could be formed anywhere in the world where the de facto government lacks de jure control over a territory - provided that this society has an opt-in constitution which accepts as citizens only willing residents of that territory. In that way, the founders of the new free society can create a constitutional culture that self-selects in favor of individual freedom, free markets, and limited government.

Economics
Turning Boom Into Bust:
Alan Caruba

November 18, 2008
Energy is called “the master resource” because every other aspect of life operates off of it. Nations that are rich in energy resources such as oil, natural gas, and coal, grow wealthy. Alan Caruba writes that Unleashing the energy industries in America could dramatically improve our present financial troubles. Congress, having turned boom into bust, has a historical opportunity to reverse that trend.

We're Broke, So Let's Give Our Money to Foreigners:
Alan Caruba

November 18, 2008
In his book, The White Man’s Burden: Why the West’s Efforts to Aid the Rest have Done so Much Ill and so Little Good, William Easterly noted that, in 2002, “We had the world’s twenty-five most undemocratic government rulers (out of 199 countries the World Bank rated on democracy) get a sum of $9 billion in foreign aid…similarly, the world’s most corrupt countries got $9.4 billion in foreign aid.”  Alan Caruba fears that this epidemic of reckless foreign aid is about to get worse.

Looting the National Treasury:
Alan Caruba

November 18, 2008
The U.S. treasury is being raided to bail out banks, an insurance company, investment firms, and possibly individual auto companies and others to the tune of billions. The root of the problem is the Federal Reserve, a quasi-government institution. It is a consortium of twelve regional banks that is presumed to be answerable to the federal government. Under the regime of Alan Greenspan, its former chairman, it permitted, indeed, encouraged this debacle to occur. Alan Caruba argues that it is time to end the reign of the Federal Reserve. It was time in 1934. Americans are watching the plundering and looting of the U.S. Treasury for political and private gain.

Consumers Don't Cause Recessions:
Robert P. Murphy

November 18, 2008
Dr. Robert Murphy argues that, in his discussion of the “paradox of thrift,” Paul Krugman proves that he is not an economist—or at least, not a very good one. His policy recommendations are based on a Keynesian model bereft of time and the capital structure of production. Recessions are rooted in misalignments in this unbelievably complex structure, and there needs to be a period of below-normal output as these pipelines are fixed. Most important, consumers are doing the right thing when they increase their saving during a downturn. If solving a recession really were as simple as getting people to spend, then we wouldn’t keep experiencing them.

Philosophy
What is an Entity? A Topological Definition:
G. Stolyarov II

November 15, 2008
Mr. Stolyarov uses concepts from topology to outline another way of thinking about his definition of an entity and its ubiquitous qualities. Every entity that exists can be thought of as a path-connected, compact, material, three-dimensional subspace of
R3.

Politics
Restricting Freedoms and Choices:
Ron Paul

November 18, 2008
With its strident rhetoric toward reestablishing the so called “pro-choice” agenda, the incoming administration has threatened a whole host of policies that would not only reduce restrictions on abortion, but would actually force people who wish to avoid participating in the procedure to support it. 
As a physician who has delivered over 4,000 babies, Ron Paul is very disturbed by the continued efforts of those on the left to establish absolute rights to abortion.

Hopes for the Future:
Ron Paul

November 18, 2008
We will face more tough economic problems during this new administration.  In fact, the worst is yet to come.  A vast amount of problematic mortgages have not begun to reset their variable interest rates and go into default.   We already have unprecedented deficits, spending is out of control, and more big industries are coming to government with their hands out.  Ron Paul's hope is that this administration will handle this economic crisis better than the interventionists and big government spenders of the 1930’s, the bureaucrats who prolonged the Depression.

Opportunity:
Tom DeWeese

November 18, 2008
Tom DeWeese writes that the American electorate did not reject the principles of freedom by electing Barack Obama. Rather, it rejected the failed policies of George W. Bush. The issues of limited government, free, enterprise, and individual liberty were not on the table. Neither McCain nor Obama mentioned them. This gives advocates of liberty a genuine opportunity during the next four years.

"All human constitutions are subject to corruption and must perish unless they are timely renewed and reduced to their first principles." 
~ Algernon Sidney

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