Issue CCXXIII

December 16-17, 2009

Return to Issue CCXXII.                           Proceed to Issue CCXXIV.
Recommend this page.                               Submit Items to TRA.

A sample image

Economics
Stimulating Anachronism, Stifling Innovation:
Art Carden
December 17, 2009
Unfortunately, writes Art Carden, progress in transportation won't proceed as rapidly as it otherwise would, because the federal government is tying up capital trying to prop up the gigantic and inefficient "Big Three" car companies that were in some ways the iconic firms of the mid-20th century. These resources are being wasted: they could be used more efficiently and more profitably, and therefore more effectively, by firms like Tesla that are producing the products of the 21st century.

I Wrote the Guide to Extend Rothbard:
Robert P. Murphy
December 17, 2009
With all of the comparisons between President Obama and FDR, and especially all of the "lessons" we are told about the Great Depression, fans of the free market need a single volume to get up to speed as well as to educate their interventionist friends. Dr. Robert Murphy has written such a book in the recently released The Politically Incorrect Guide to the Great Depression and the New Deal. The first question that springs to mind — and many potential readers have indeed emailed Dr. Murphy this — is to wonder, "What's in your book that's not in Rothbard's America's Great Depression?" Unfortunately, as great as Rothbard's book is, he ends with the Hoover administration. So Dr. Murphy extends the Austrian analysis to explain the failures of the New Deal.

What is Free Trade? (1918):
William Graham Sumner
December 17, 2009
There never would have been any such thing to fight for as free speech, free press, free worship, or free soil, if nobody had ever put restraints on men in those matters. We never should have heard of free trade, if no restrictions had ever been put on trade. If there had been any restrictions on the intercourse between the states of this Union, we should have heard of ceaseless agitation to get those restrictions removed. Since there are no restrictions allowed under the Constitution, we do not realize the fact that we are enjoying the blessings of complete liberty, where, if wise counsels had not prevailed at a critical moment, we should now have had a great mass of traditional and deep-rooted interferences to encounter. In this classic essay, William Graham Sumner illustrates the nature and benefits of genuine free trade and the harms of economic protectionism.

History
Mises as We Knew Him (1978):
Friedrich A. Hayek
December 17, 2009
Although without a doubt one of the most important economists of his generation, in a certain sense Ludwig von Mises remained an outsider in the academic world until the end of his unusually long scholarly career — certainly within the German-speaking world — but also during the last third of his life, when in the United States he raised a larger circle of students. Before this, his strong immediate influence had essentially been restricted to his Viennese Privatseminar, whose members for the most part only became attracted to him once they had completed their original studies. Friedrich Hayek recalls his own memories of the great Mises.

Politics

Why on Earth Do Canadians Love Waiting for Health Care?:
Bradley Doucet
December 16, 2009
As the U.S. Senate argues about how best to take over the American health care industry, it is worth taking a look at how government health insurance works in Canada, where Bradley Doucet lives. Judging from popular opinion, one would think Canadian health care was great. Yet these poll results are frankly surprising, because universal coverage in Canada comes at a high cost: long waiting lists.

Obama Care and Faith Healing:

Edward Hudgins
December 17, 2009
Want an eye-opening perspective on those in Congress and the Obama administration who want the government to control America’s health care system? Then consider the motivations and mindsets of a group that would have been helped by a provision that was stripped from the House bill but that could find its way into the Senate bill.  The provision would require the government to use taxpayer funds to pay for faith healers. Dr. Edward Hudgins writes that it would be appropriate if Obama care supported faith healing. Both follow from the same thinking—or lack of it. But it would be appropriate for humans who want to live and be healthy to reject both false appeals to medical and public policy miracles!

Budget Expands Federal Government as Economy Contracts:

Ron Paul
December 17, 2009
In early April of 2009, the U. S. House passed another budget that increases federal power, raises taxes, and increases the national debt.  Rep. Ron Paul voted against it, and was pleased to see that not a single Republican representative voted for it.  Legislators often see bipartisanship as constructive, but Rep. Paul disagrees, especially where the destruction of our economy or our liberty is concerned.

End the War on Drugs:
Ron Paul
December 17, 2009
We have recently heard many shocking stories of brutal killings and ruthless violence related to drug cartels warring with Mexican and US officials.  It is approaching the fever pitch of a full blown crisis.  Unfortunately, the Obama administration is not likely to waste this opportunity to further expand government.  Hopefully, we can take a deep breath and look at history for the optimal way to deal with this dangerous situation, which is not unprecedented. Rep. Ron Paul reminds us that alcohol prohibition in the 1920s brought similar violence, gangs, lawlessness, corruption and brutality.

Fewer Taxes for Real Economic Stimulus:
Ron Paul
December 17, 2009
Taxes were the issue earlier this year as Americans struggled to make the April 15th deadline to file their returns. It is a good time to contemplate the effects of big government and what it does to our country.  Rep. Ron Paul believes that the income tax is one of the most egregious encroachments on our liberties today.  It is a form of involuntary servitude, which was supposed to have been outlawed by the 13th Amendment.

Science
We Don't Need no Stinkin' Evidence!:
Paul Driessen
December 16, 2009
Paul Driessen details the many ways the “evidence” for catastrophic climate change has been manipulated, to drive the life-controlling, job-killing Copenhagen/cap-tax-and-trade agenda. It demonstrates the ways the “scientific” process has been based on false and falsified evidence – the kind that would get legal cases thrown out of court, and land the manipulators in jail. It underscores why we need to take another look at the science, before we allow the Congress, EPA, or UN to take another step toward controlling our energy in the name of preventing catastrophic climate change.


"Paper is poverty... it is only the ghost of money, and not money itself." 
~ Thomas Jefferson