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Should There Be Restrictions on the Supply of Antibiotics?

in Communicating Liberty, Liberator Online Archives, Libertarian Answers on Issues by Mary Ruwart Comments are off

(From the Ask Dr. Ruwart section in Volume 19, No. 17 of the Liberator Online. Subscribe here!)

Question: Should there be any restrictions on the supply of antibiotics? Do you believe that overuse and misuse of antibiotics accelerates the development of resistance to antibiotics in pathogens?antibiotics

My short answer: If by “restrictions,” you mean voluntary ones by medical professionals, I would say “yes.” When antibiotics first came out, they were used — like most new things — more frequently than was optimal. Germ resistance developed, making new antibiotics that worked in different ways necessary.

We are now running out of such options. Physicians and hospitals generally withhold the latest and greatest antibiotics unless the older ones fail. We’ve learned from our mistakes, for the most part.

If by “restrictions,” you mean federal regulations, my answer would be “no.” Regulations in this arena take life and deaths decisions out of the hands of doctors and into the hands of bureaucrats, who are more likely to show poor judgment since their knowledge of both the problems and the individual circumstances are limited.

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Libertarian Candidates Pledge: Abolish the Income Tax

in Drugs, Economic Liberty, Elections and Politics, Liberator Online Archives, Libertarian Party, Libertarian Stances on Issues, Libertarianism, Military, Taxes by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 15 of the Liberator Online. Subscribe here!)

Scores of Libertarian Party candidates for federal office have pledged to downsize the Abolish The IRSbloated federal government — in these big and specific ways:

  • Eliminate the federal income tax
  • End the War on Drugs
  • Abolish the NSA
  • Cut military spending by 60%

We’ll be examining those pledges in detail below and in the next few issues, because they show that these bold-sounding proposals are not only possible, but practical and beneficial. (Of course, you can jump ahead and read about all four positions right now.)

First, eliminating the hated federal income tax. The candidates pledge: “If elected, I will sponsor legislation to eliminate the federal income tax, cut federal spending to the 1998 level ($1.65 trillion), and get the IRS off the backs of taxpayers.”

(Yes, that’s right: government has grown so rapidly in recent times that if you cut spending to 1998 levels — the Clinton era of huge government — you could eliminate the federal income tax.)

Here are the benefits of eliminating the income tax, according to the Libertarians:

  • Immediately balances the budget — without raising taxes.
  • Gives back, on average, $11,525 to each American family — every year — that they can invest, save, spend, or give away as they see fit.
  • Pours $1.4 trillion into the productive, private-sector economy, stimulating massive investment in small businesses and creating tens of millions of new private-sector jobs.
  • Stops the devaluation of the dollar and stabilizes prices, preserving American wealth.
  • Forces politicians to eliminate destructive federal programs, regulations, and bureaucracies that do more harm than good. Examples include: stifling business regulations, the prohibition of marijuana, unnecessary foreign wars, and thousands of frivolous projects best left to the private sector (e.g., promoting the Hawaiian Chocolate Festival).
  • Creates a boom in charitable giving. Trillions of dollars back in the hands of American taxpayers enables them to take care of others in need through their churches and private charities, and by giving directly to help friends, family, and community members in need.
  • Eliminates wasteful bookkeeping needed to comply with IRS tax filings and audits, saving Americans 6 billion hours of their precious time and up to $378 billion in accounting costs — every year.
  • Aborts the Democrats’ and Republicans’ plan to add another $5 trillion over the next eight years to the already perilously high $17 trillion federal government debt, sparing future generations from footing a bill they played no part in creating.
  • Frees up billions of dollars for Americans to spend on music, entertainment, crafts, and the arts, enabling talented individuals — now unemployed or working in jobs they don’t like — to do what they love for a living.
  • Forces politicians to eliminate government waste.
  • Stops the growth in the interest due on the federal debt, now at $237 billion per year. This will help minimize this expense if interest rates ever rise, which is likely.
  • Restores America’s reputation as the envy of the world, demonstrating that the American experiment of free, unfettered trade creates prosperity and alleviates poverty. This sets an example for poor countries, helping them rise from hardship to abundance.

 

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Word Choices: Pro-Market, Not Pro-Business

in Communicating Liberty, Liberator Online Archives, Libertarian Stances on Issues, Libertarianism by Sharon Harris Comments are off

(From the One-Minute Liberty Tip section in Volume 19, No. 9 of the Liberator Online. Subscribe here!)

Libertarians enormously appreciate the positive contributions so many businesses have made to our

world.

Because of this, libertarians are sometimes labeled “pro-business.”

But this is incorrect — and misleading.

Libertarians are not “pro-business.” We are “pro-market” — a very different thing.

The distinction is a vital one.

Libertarians support a free market where businesses are free to enter a field and offer their goods and services, in competition with any and all others who wish to do the same.

The resulting competition brings ever-better goods and services. Lower prices. Innovation. More convenience and more choice.

The companies that succeed in this free market competition do so by doing the best job of pleasing customers. Those that fail to sufficiently please consumers go out of business. The consumer is king.

This is the market process that libertarians strongly support.

But being “pro-business” is an entirely different thing. Politicians, lobbyists, economists, pundits and others who are pro-business — or who favor a particular business entity — may lobby for special favors for a particular business or area of commerce.

This may be pro-business. But it is anti-market.

Many who are pro-business want government to help particular businesses or industries that are unable to compete effectively. Sometimes they want government to use political power and tax dollars to entice a business to locate in a particular area.

Pro-business forces may want to prop up a favored business with bailouts of tax dollars or with other tax grants. They often call for punitive taxes on competition that challenges the favored business (especially if that competition is foreign). They may offer special zoning privileges to favored businesses. They may call on the government to seize private property through eminent domain and give it to a favored business.

Pro-business forces may endorse licensing, education requirements, regulations and other obstacles that protect favored businesses from competition. It often surprises people to learn that many large businesses love government regulation because it limits their competition. But as Nobel Prize winning economist George Stigler wrote: “…as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit.”

Governments may declare a business is “too big to fail” and thus deserves a huge taxpayer bailout. Or that a field is crucial to the “public interest,” and thus deserving of subsidies and special treatment; agriculture is a prime example.

You get the picture. All of this is done by pro-business people. And all of it is deeply, profoundly, anti-market.

In an excellent article on this topic, “‘Free Market’ Doesn’t Mean ‘Pro-Business“ economist Art Carden quotes a great passage from the book The Rational Optimist by Matt Ridley:

“I hold no brief for large corporations, whose inefficiencies, complacencies, and anti-competitive tendencies often drive me as crazy as the next man. Like Milton Friedman, I notice that ‘business corporations in general are not defenders of free enterprise. On the contrary, they are one of the chief sources of danger.’ They are addicted to corporate welfare, they love regulations that erect barriers to entry to their small competitors, they yearn for monopoly and they grow flabby and inefficient with age.”

The fruits of the pro-business mindset — taxes, unfairness, lack of competition and choice, over-priced goods and services, unemployment — are often the things that people hate most about our economic system. People naturally blame this on free enterprise, on the market system. Yet it is the pro-business mindset — not the market — that is responsible for these ills.

Let me give Art Carden the (almost) final word:

“In a free market, you are welcome, and indeed encouraged, to enter the mousetrap industry if you think you can build a better mousetrap or find a way to make similar mousetraps more efficiently. The other side of that coin is that you will be encouraged to leave the mousetrap industry if it turns out that your mousetraps are not better, but inferior.

“A ‘free market’ agenda is not the same thing as a ‘pro business’ agenda. Businesses should not be protected from competition, losses, and bankruptcy when they fail to deliver for the customer. All three are essential to truly free markets and free enterprise.”

Don’t use the label “pro-business.” And politely but firmly reject it if someone attempts to label you that way. Respond that you are pro-market, not pro-business. And explain the difference.

VIDEO: It’s Almost Illegal to Start a Business in the U.S.A.

in Economic Liberty, Liberator Online Archives by James W. Harris Comments are off

Believe it or not, in what was once the land of the free, fully one in three Americans must seek and win a government-issued license before they can start a business. No wonder unemployment’s so high!

This funny — and horrifying — animated cartoon from the libertarian Institute for Justice (IJ) brings this important issue to life. Watch prospective entrepreneur Chuck try to start business after business across the country— and get slapped down time and time again by the outrageous maze of unjustifiable laws that stop would-be business owners from getting their ideas off the ground.

And… well, we don’t want to give anything away, but you just won’t believe what happens to poor Chuck in the end. And it’s all true.

The Institute for Justice says one of the principal obstacles to creating new jobs and entrepreneurial activity across the country is the complex web of regulations cities and states impose on small businesses.

IJ has lots of back-up information for this video at their website. Their report “License To Work” is a good place to start.

Share this entertaining and enlightening video with friends. Let them get mad about it too! About 5 minutes.

Libertarian Party Response to 2014 State of the Union Address: “Americans’ Rights Violated Like Never Before”

in Liberator Online Archives, Libertarian Party by James W. Harris Comments are off
(From the Intellectual Ammunition section in Volume 19, No. 3 of the Liberator Online. Subscribe here!)
Perhaps you heard President Barack Obama’s State of the Union address and the GOP responses.The Libertarian Party responded as well, lambasting the Big Government policies of both parties and offering a pro-liberty alternative in a hard-hitting statement from Executive Director Wes Benedict.
Naturally the mass media declined to carry it, but don’t let that stop you State of the Union Responsefrom encountering a genuine libertarian State of the Union address. Some excerpts:
“Thanks to unprecedented levels of government interference and government coercion, Americans’ rights are violated like never before. We are harmed by taxes, regulations, prohibitions, and shocking privacy intrusions. …

“Our Libertarian hope is that we can convince enough Americans to change their minds. We hope voters will come to understand that government is force, and force is unjust.

“Here are some of the problems we see.

* The government debt situation is atrocious. Government debt is a terrible thing, because it forces future generations to pay off debts they never agreed to incur. From 2001 to 2008, George W. Bush doubled the debt, mostly with the support of a Republican Congress. Since 2009, Barack Obama and the Democrats (and Republicans) have nearly doubled it again. It doesn’t matter whether Republicans or Democrats control the government. Libertarians would quickly balance the budget by cutting spending on everything, including entitlements and the military.

* The employment situation is still pretty bad. Why? Because government gets in between employers and employees, and tries to dictate everything. Minimum wage laws, hiring laws, firing laws, subsidies, and business taxes all make it harder to create jobs and find jobs. These laws are supported by both Republicans and Democrats. Libertarians would eliminate the minimum wage, employment red tape, and business subsidies and taxes. …

* If there’s one thing we have learned since 2001, it’s that we can’t trust what government officials say. They lie. Bush and Cheney said there were weapons of mass destruction in Iraq. James Clapper (Director of National Intelligence) said under oath that the NSA does not collect data on Americans. Those are a couple of the most outrageous lies, but there have been many others. The more power government has, the more government officials will have the opportunity and incentive to lie. Libertarians would greatly reduce government power. …

* How about the military? The Libertarian attitude is pretty simple: the U.S. military should leave other countries alone, even if their governments are unstable, and even if there are people living there who hate Americans. We need to cut military spending a whole lot. Try getting Republicans or Democrats to support ANY cuts to military spending. …

“All in all, the state of our union is a big mess created by Republicans and Democrats. Libertarians offer a path forward to peace and prosperity.”

And there’s lots more good stuff. You can read the rest of the statement at the Libertarian Party’s website.