December 10, 2013 at 4:42 pm
Odd, But Poverty Is An Early Stage Of Economic Growth.
Involvement in a productive endeavor is a valuable exercise of social cooperation and all kinds of social cooperation, including work, stir ideas and innovations. Greater confidence and acquired skills combined with an income stream and the possibility of savings leads to a furthering of the process of economic growth from the ''ground up."
Humans use their income to buy what they need, to subsist. If their income exceeds subsistence then they can save, which is how capital becomes a productive factor. Humans are social - physically, mentally, and spiritually - and so they recognize the blessings and advantages of cooperating. A small savings can become a pool of savings and a simple idea can be refined through consultation. This is part of the process of economic growth.
For the individual faced with poverty and for the nation that is relatively poor compared to other nations it is the ability to find work that is voluntarily chosen that begins the process of economic growth for that individual and for that society.
December 9, 2013 at 9:31 am
The Advocates for Self Government shared Mercatus Center at George Mason University's photo.
What percentage of jobs in your state are public vs. private sector employment? Libertarians believe that only true economic growth can take place with a private sector job. They create wealth. A public sector job only moves wealth from one individual to another.
Larger public-sector and federal contract-funded job markets lead to smaller real private-sector labor markets. Where does your state stand? http://bit.ly/1dwhNbv
By: Mercatus Center at George Mason University
December 6, 2013 at 12:57 pm
Check out the brand new Libertarianism.com, and share it with your friends!
December 5, 2013 at 12:20 pm
"If any American did privately what Congress does publicly, he’d be condemned as an ordinary thief. Taking what belongs to one American to give to another is theft, and the receiver is a recipient of stolen property.” — economist Walter Williams, “Is There a Way Out?”, syndicated column Oct. 30, 2013. From "They Said It... (http://www.theadvocates.org/said-5/)
December 4, 2013 at 5:44 pm
Why Are We Living In The Dark Ages Of Economics?
The flow of knowledge is optimized in an unhampered market economy – nonintervention – simply because of the finite nature of humans. Humans are neither omnipresent nor omniscient. The market suffices.
All economic intervention is essentially ego-driven since anyone claiming to know what is best is deluding himself or herself and such an act lacks moral authority and impedes the flow of knowledge. The equilibrium force that brings harmony and balance and reciprocity is part of God's creation of humans as social beings. To seek an ego-driven solution to an ego-driven interpretation of the problem instead of understanding the divine nature of the economy is the reason why we are living in the Dark Ages of economics.
December 4, 2013 at 2:19 pm
Who will fund national monuments in a libertarian country?
(From the Ask Dr. Ruwart section in Volume 18, No. 22 of the Liberator Online. Subscribe here!) QUESTION: National landmarks such as the Jefferson Memorial, the Washington Monument and the Lincoln Memorial are symbols of national unity, strength, and sources of inspiration. They are monuments of a n...
December 3, 2013 at 10:28 am
One idea. One person. One action.
(From the Persuasion Power Point section in Volume 18, No. 22 of the Liberator Online. Subscribe here!) One may be all you need. You may be only one request away from funding for your libertarian project. You may be just one phone call away from recruiting a great libertarian candidate. You may be o...
December 2, 2013 at 9:00 am
What are 5 of the best libertarian videos of 2013? Click here to find out!
(From the Intellectual Ammunition section in Volume 18, No. 22 of the Liberator Online. Subscribe here!) Here are five fantastic — and now award-winning — liberty videos. On November 6, 2013 the libertarian Reason Foundation announced the winners of the first-ever Reason Video Prize, which “honors s...
November 29, 2013 at 11:02 pm
Commercial Aspect to Virtues - Patience.
There is no way that everything can be understood instantaneously. Processing and understanding takes time. Those who are patient are known for their wisdom - a wisdom that comes from the practice of patience.
The same is true for production. It takes time. The goods and services that people want need to be generated. Those who can envision and nurture the production process patiently over time render a great service.
Everyone can participate in this patience-requiring production process by exercising patience themselves – exhibited in their lives by saving. This saving and investment then converts into the much needed capital used in production processes, which can be seen as the economic equivalent to patience since capital represents goods for the future.
Here we have capital as one example of the 'tangible goods and services' emerging from patience. By acquiring and practicing patience, errors from short-sighted decisions will decrease and the savings necessary for economic growth will more likely be available. A ‘premium,’a price, is ascribed to the practice of the virtue, in this case ‘patience.’ In other words, there is a commercial aspect to the virtue. It is a ‘traceable’ market phenomenon.
November 28, 2013 at 12:04 pm
The Advocates for Self Government shared a link.
The Pilgrims founded their colony at Plymouth Plantation in December 1620 and promptly started dying off in droves. As the colony's early governor, William B...
November 27, 2013 at 11:46 pm
Instead of the Affordable Healthcare Act, legislate that insurance companies can no longer sell to employers but rather work to entice individual customers like any other product or service. They won’t like it but it will be better for the rest of us.
Healthcare is an issue only because it has not operated within the context of the free market for seventy (70) or more years. Healthcare became a pawn and bargaining chip when it came to be employer funded. The reason that happened? Government intervention. Now government wants additional power to fix the problem they themselves created in the first place.
In the Communist Manifesto, written in 1848, Karl Marx advocates ten steps to determine whether a country has implemented a communist agenda or not. These were referred to as the Ten Planks. The second step or plank was: “A heavy progressive or graduated income tax.” And, just so we are clear on the intent of this man, in chapter two Marx says this: “[The] abolition of individuality and freedom. The abolition of …freedom is undoubtedly aimed at.” Then, on February 3, 1913, the 16th Amendment to the U.S. Constitution was ratified and written into law. This was the Amendment that created the U.S. graduated income tax.
During WWII, the country being saddled with a heavy graduated income tax, the highest bracket was 94% in 1942. Companies had a difficult time rewarding their top producers because an employee was taxed more but took home less than before his bonus. Talk about taking one step forward and two steps back... Congress then passed legislation that allowed a company to give an employee employer-paid health insurance. It wasn't cash, so the employee was exempt from a higher tax consequence. The business received a tax deduction and all lived happily ever after... until today.
Well, there hasn't been such high tax brackets in decades. In 1964 it dropped to 77%, in 1965 to 70%, in 1982 to 50% and then in 1987 it dropped again to 38.5%. So, the need for employer paid health insurance died out many, many years ago. But nobody and I mean virtually NOBODY, talks about this. It stands to reason then, that if the health insurance companies were cut loose from the free ride of marketing to employers, several things would occur. They would be forced to seek out individual customers and just the competition of that would drive prices through the floor. We would begin to see Gieco-like commercials... "15 minutes could save you 15% on your health insurance." We would see HMO's disappear as functionally obsolete. In their place the doctor-patient relationship would reassert itself. Quality care would skyrocket. People could purchase insurance originating from other states, something not available at present.
Why would all this be happening? Because insurance companies would be falling all over themselves trying to get you and me as customers. They would be competing against each other, driving costs lower and care higher just so that you would choose one over the other. THAT is the power of the market place. That is freedom of choice.
Steve Walsh, 7431 Rochester Rd, Lockport, NY 14094; 716-434-0116, cell: 716-940-0468, SLWalsh49@Roadrunner.com
November 27, 2013 at 12:55 pm
“Yes, you read that correctly: the War on Drugs is being waged on minor traffic violators with enemas and sedatives."
(From the Intellectual Ammunition section in Volume 18, No. 22 of the Liberator Online. Subscribe here!) “David Eckert was pulling out of a Walmart parking lot when police officers pulled him over for failing to stop at a parking lot stop sign. Police ordered Eckert to step out of his vehicle, and t...
November 25, 2013 at 1:04 pm
"The government hits taxpayers particularly hard during the holiday season, filling its plate with these taxes and fees. As you gather with family and friends this Thanksgiving, remember that Uncle Sam is to thank… for your smaller slice of pumpkin pie."
(From the President’s Corner section in Volume 18, No. 22 of the Liberator Online. Subscribe here!) Holidays can be a great time to share libertarian ideas with family and friends, so be sure to gather liberty-themed facts, figures and stories specific for each holiday. (The Liberator Online is an e...
November 24, 2013 at 6:27 pm
Commercial Aspect to Virtues - Excellence.
As an expression of my will to live and love life, I show a particular keenness towards the things that I enjoy. It follows, then, that I will continue to strive for excellence in that pursuit, whatever it is.
Matching the right task with the right person to perform the task is one key to productivity and entrepreneurs are alert to this prospect. If those who are producing a good or service excel at it then everyone in the entire economy benefits, ultimately.
Imagine yourself having to choose between various products of similar prices but you happen to know that one company has a reputation for excellent production standards. This attribute is known as product quality and it is a major factor in decision-making. Of course you, as well as everyone else, will choose the best product.
Here we have product quality as an example of the service emerging from excellence. By acquiring and practicing excellence there will be a more refined division of labor which will translate into greater productivity. A ‘premium,’a price, is ascribed to the practice of the virtue, in this case ‘excellence.’ In other words, there is a commercial aspect to the virtue. It is a ‘traceable’ market phenomenon.
November 21, 2013 at 2:12 pm
Is there TOO MUCH libertarianism?
(From the One-Minute Liberty Tip section in Volume 18, No. 21 of the Liberator Online. Subscribe here!) Little Johnny had been playing outside. He came running into the house and asked, “Mommy, where did I come from?” She’d been waiting for this question, so she took a deep breath, sat down with Joh...
November 19, 2013 at 9:34 pm
Commercial Aspect to Virtues - Courtesy.
No one is offended by being treated with courtesy. It inspires greater respect for oneself and, most definitely, greater respect for the courteous person.
Since the market is the embodiment of social cooperation, courtesies become the norm. If it is courteous to be on time that becomes the standard, ‘out of courtesy.’ And each time these courteous practices are applied the social relationships advance to new levels of mutual respect. As a consequence cooperation and coordination improves.
Here we have market cooperation and coordination as an example of the service emerging from courtesy. By acquiring and practicing courtesy work relationships will change and there will be a tremendous increase in productivity since cooperation and coordination will increase. A ‘premium,’ a price, is ascribed to the practice of the virtue, in this case ‘courtesy.’ In other words, there is a commercial aspect to the virtue. It is a ‘traceable’ market phenomenon.
November 19, 2013 at 8:45 am
November 18, 2013 at 9:36 am
November 18, 2013 at 9:35 am
If you have an iPhone or iPad, ask Siri, "What are your political views?"
November 15, 2013 at 7:46 pm
In order to have tools to educate the very young about freedom, responsibility etc, I have written 3 books thus far out of a list of 61, and will be presenting at the von mises seminar in Brisbane in 2 weeks. https://www.facebook.com/WiseTOwl?ref=hl
Introducing Wise T. Owl new children's book series. Explore everyday topics with educational books designed as a springboard for discussion and further research.
Suitable for primary school aged self reading and little ones story-time. Great resource for parents, homeschooling and teachers looking...
Book Series: 97 like this
November 15, 2013 at 5:42 pm
Is The Bitcoin Money?
The regression theorem of money is applicable to bitcoins since they are priced against currencies that originated out of a commodity money. Bitcoin is a money and if it can maintain its ability to stay invulnerable to the meddling of the State it will have a similar kind of economic impact that money had when it emerged in the market to improve upon barter: the State is that much of a burden of inefficiency (not to mention corruption).
It is an interim money.