Home » Economist

Observations from Halloween

in Conversations With My Boys, Liberator Online by The Libertarian Homeschooler Comments are off

Observations from Halloween

This article was featured in our weekly newsletter, the Liberator Online. To receive it in your inbox, sign up here.

(Editor’s note: This is not a direct conversation with either the Young Statesman or the Baby Anarchist, but the timeliness and insight within are the reason for publishing)

Questions Nobody Asks

halloweenWho will plan and build Halloween?

What about the free-rider problem of the neighbor who takes his kids trick-or-treating instead of staying home to give out candy?

Who will make sure that the maximum trick-or-treating age is enforced?

Do they have a license to distribute food?

What makes you think anyone will do it if it’s entirely voluntary?

Who is going to pay for all of this?

Safety in 2015

October 31st is the only day we think rightly about this being the safest time in the history of the world to raise children.

They’re out there in the dark, wearing masks and brandishing weapons, walking the streets alone, taking candy from strangers.

Halloween = Economists’ Christmas

Halloween is like Christmas for economists. It is a wild festival of human action, subjective value, and free trade. And while I am not an economist nor do I play one on TV, my children sell me their Halloween candy.

We are capitalists, Baby. We won’t tax you. We won’t confiscate your hard-earned candy causing you to give up after ninety minutes. No! None of that. We will pay you cash money for your haul.

That’s right! Stay out later, walk farther, and trick or treat longer than other children because your effort will be rewarded with cash. Mommy doesn’t want that stuff in the house so she will pay to get her hands on it and get it outta here.

What’s it worth to you? How much do you value that? What do you really want to keep? What could you do with that money? You selling by the piece, pound, type, or lot?

They Said It… With Doug Bandow, Judge Andrew Napolitano And More

in Liberator Online by James W. Harris Comments are off

(From the They Said It section in Volume 20, No. 1 of the Liberator Online. Subscribe here!)

THE DRUG WAR GULAG: “The U.S. rate of incarceration, with nearly one of every 100 adults in prison or jail, is five to 10 times higher than the rates in Western Europe and other democracies… America puts people in prison for crimes that other nations don’t, mostly minor drug offenses, and keeps them in prison much longer. Yet these long sentences have had at best a marginal impact on crime reduction.” — former U.S. Treasury Secretary Robert E. Rubin and Nicholas Turner, “The Steep Cost of America’s High Incarceration Rate,” Wall Street Journal, Dec. 25, 2014.

DEATH BY FDA: “The paternalist FDA long has delayed the approval of life-saving drugs, thereby killing thousands of people, far more than the number likely saved by preventing the sale of dangerous medicines.” — Doug Bandow, Cato Institute, “Close the Government to Close Bad Government Programs,” Cato Blog, December 31, 2014.

Scottish Police on Twitter“Please be aware that we will continue to monitor comments on social media & any offensive comments will be investigated.” — tweet by the Scottish police, Dec. 30. Such monitoring is on the rise in the UK, according to the UK Independent; about 20,000 people in Britain have been investigated in the past three years for comments made online, and some have been arrested and imprisoned.

Judge Andrew Napolitano

NAPOLITANO ON TORTURE: “All torture is criminal under all circumstances — under treaties to which the U.S. is a party, under the Constitution that governs the government wherever it goes, and under federal law. Torture degrades the victim and the perpetrator. It undermines the moral authority of a country whose government condones it. It destroys the rule of law. It exposes our own folks to the awful retaliatory beheadings we have all seen. It is slow, inefficient, morbid, and ineffective. It is a recruiting tool for those who have come to cause us harm. All human beings possess basic inalienable rights derived from the natural law and protected by the Constitution the CIA has sworn to uphold. Torture violates all of those rights.” — Judge Andrew P. Napolitano, “The CIA and Its Torturers,” syndicated column, Dec. 11, 2014.

Mark Thornton“The War on Drugs … kills thousands of people, destroys untold number of lives, and wastes hundreds of billions of dollars every year. … What has the War on Drugs accomplished? It has not reduced access to illegal drugs. It has not reduced illegal drug use or abuse. It has not reduced the rate of addiction. If anything, the rates of use, abuse, and addiction have increased over the past century. Prison population statistics clearly indicate that it has been used to suppress minorities.

“It has also greatly increased the powers of law enforcement and the legal system and reduced the legal rights and protections of citizens under the tradition of the rule of law. It has greatly increased the militarization of the police and the use of the military in police work. It has also led to a significant increase in U.S. political and military intervention in foreign nations, particularly in the drug supply nations of Central and South America. … it is the number one cause of crime, corruption, and violence in the United States, as well as many of the countries of Central and South America.” — economist Mark Thornton, “The War on Drugs Was Born 100 Years Ago,” Mises Daily, December 17, 2014.

Forbes Features Fascinating New Use of World’s Smallest Political Quiz

in Liberator Online by Sharon Harris Comments are off

(From the President’s Corner section in Volume 19, No. 18 of the Liberator Online. Subscribe here!)

“Have You Significantly Changed Your Political Views Since Age 18? If So, How?”World's Smallest Political Quiz

That the title of a fascinating article at featuring the World’s Smallest Political Quiz.

In it, economist Michael F. Cannon describes his intellectual journey from Big Government “socially conservative social democrat” in high school to socially conservative/free market-oriented university student… and finally, a few years later, to where he is today: a full-fledged libertarian, solidly in favor of civil liberties, free markets, and a non-interventionist foreign policy.

Indeed, Cannon not only became a libertarian — he has become a remarkably influential one. He is director of health policy studies at the libertarian Cato Institute. Though not a Republican, he served as a domestic policy analyst for the U.S. Senate Republican Policy Committee, advising the Senate leadership on health, education, labor, welfare, and the Second Amendment. His work has been featured in many of America’s most influential newspapers and magazines, and he has appeared ABC, CBS, CNN, CNBC, C-SPAN, Fox News Channel and NPR.

To illustrate his personal ideological journey, Cannon uses… the World’s Smallest Political Quiz. He draws different Quiz scores on the Quiz to indicate how he would have scored at different times in his life, thus creating the striking visual map of his political awakening that I’ve reprinted in this column.

I’ve never seen this done before. But the Quiz is a perfect — and crystal-clear — way to document and illustrate this. Kudos to Cannon for thinking of this!

I know over the past few decades, as libertarian ideas have spread, many millions of people have made intellectual journeys very similar to Cannon’s. (And for millions of them, the Quiz itself has been an important part of their intellectual awakening.) Whether starting from the left or the right, more and more Americans are finding themselves drawn to the logic, consistency and compassion of libertarianism.

Check Cannon’s article out — and consider using the Quiz to document and share the story of your own journey.

The Biggest Danger: Terrorists or Government?

in Foreign Policy, Liberator Online, Middle East, War by James W. Harris Comments are off

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

Robert Higgs

Libertarian and economist Robert Higgs writes at his Facebook page about the relative danger to you from Islamic terrorists and U.S. governments:

“Unless you go to the Middle East, the probability of your being harmed by Islamic fanatics is so close to zero that for all practical purposes it may be taken to be zero.

“If you remain in the USA, however, the probability of your being harmed by governments at every level is 1.0, an absolute certainty. These governments will certainly appropriate your wealth in a variety of direct and indirect ways for their own purposes, many of which you will regard as abhorrent. They will certainly crush your freedoms in a multitude of ways; they will treat you as if you were a child or a mental incompetent; and they will disregard your own preferences for how you wish to live your life in peace.

“By their actions they will create effects and repercussions that guarantee the future will be less prosperous, less safe, and less socially content than it otherwise would have been. In short, these governments are your enemies: they intend to harm you, they have the capacity to harm you, and they do in fact harm you.

“Yet probably hundreds of millions of Americans fear faraway Islamic fanatics and fret about the fantasy of a looming global Caliphate. Therefore they support a variety of U.S. military measures in the Middle East and elsewhere purportedly aimed at the suppression of this looming menace, and they support a variety of overbearing and tyrannical government actions within the USA justified on the grounds that they protect Americans from terrorists.

“In short, they credit the bogeyman of their fevered imaginations (stoked by government officials, fear-mongering politicians, politico-clowns on talk radio) and more or less disregard the ceaseless pillage of their wealth and the rape of their freedoms by their real enemies, who are all too real and all too near at hand.”

Click here to read the next article from this issue.

Click here to return to the newsletter.

They Said It… With The Economist, David Letterman, and More

in Liberator Online by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 6 of the Liberator Online. Subscribe here!)

FACES TO VOICES: “President Obama now is meeting with the G-7 leaders… it must be fun for him to put faces to the voices he hears on the wiretaps.” — David Letterman, March 24, 2014.

PERVERSE INCENTIVES: “The War on Drugs creates perverse incentives. When the police find The Economistassets that they suspect are the proceeds of crime, they can seize them. Under civil asset-forfeiture rules, they do not have to prove that a crime was committed — they can grab first and let the owners sue to get their stuff back. The police can meanwhile use the money to beef up their own budgets, buying faster patrol cars or computers. All this gives them a powerful incentive to focus on drug crimes, which generate lots of cash, rather than, say, rape, which does not. This is outrageous. Citizens should not forfeit their property unless convicted of a crime; and the proceeds should fund the state as a whole, not the arm that does the grabbing.” — editorial, The Economist magazine, “Armed and dangerous,” March 22, 2014.

WHY DOES THE GOV’T HURT SICK PEOPLE: “It states in the Bible not to abuse a drug, it doesn’t say you can’t use it. If you ask me, cannabis is a gift from God.” — preacher’s daughter Aimee Curry, who found marijuana was the only medicine that relieved agonizing muscle spasms from a near-fatal car accident. She told her story on CNN’s “Weed 2: Cannabis Madness: Dr. Sanjay Gupta Reports,” Tuesday, March 11, 2014.


Dr. Mark Rabe

“Patients often come into my office and drop down a brown bag full of pill bottles on my desk and say,’I'm off Oxycodone; I’m off muscle relaxants. I’m off Ambien; I’m off Trazodone,’ because medical cannabis does the job better. Time after time these patients tell me that medical cannabis works better than the pills, and with fewer side effects. Cannabis has such a good safety profile and is much less addictive than opiates. In my mind, cannabis is a good potential replacement for opiates.” — Dr. Mark Rabe, a Northwestern University School of Medicine-trained physician who treats Aimee Curry, quoted above. Rabe noted that deaths from prescription drugs are on the rise, while death from marijuana overdose is virtually impossible.

NEW JERSEY GUN-GRABBER WANTS TO CLASSIFY ORDINARY GUN OWNERS AS “TERRORISTS OR GANGSTERS”: “Our top priority is a 10-round limit on magazine size. NobodyNew Jersey gun control activist Brian Miller needs a 15-round ammunition magazine unless they are a domestic terrorist or a gangster.” — New Jersey gun control activist Bryan Miller on proposed state legislation to outlaw possession of such guns in the state, including 43 commonly-owned rifles. The Post says the bill “has no grandfather clause and no amnesty period. So as soon as this legislation becomes law, everyone in possession of these rifles is automatically a felon and the guns are subject to seizure by the government. …The penalty is up to 10 years in jail and a mandatory minimum sentence of three to five years, with no chance of parole.” The legislation is expected to pass the state House and Senate and land on Gov. Chris Christie’s desk.

Libertarian Party Executive Director Wes Benedict“Democrats and Republicans each got about $18 million of government money for their national conventions in 2012. We Libertarians pay for our own conventions.”— Wes Benedict, executive director of the Libertarian National Committee, quoted in the Washington Times, “Libertarians Strut Their Stuff,” March 19, 2014. Learn more about the upcoming LP convention — to be held in Columbus, Ohio, June 28-29 — here.

David Letterman

LETTERMAN ON TAX SLAVES: “The average American citizen — you hear the statistic all the time — works six months out of the year for the government. That’s how difficult the taxes are in this country. We work six months out of the year. Government employees don’t even do that.” — David Letterman, March 14, 2014.

Jimmy FallonYesterday Edward Snowden urged technology companies to improve their encryption techniques in order to prevent hacking. Then he said, ‘But not right away. I’m still using Obama’s Netflix password to watch ‘House of Cards.’”— Jimmy Fallon, March 11, 2014.