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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Thursday, December 30, 2010

Global Warming Myth | Snow Blizzard | Fox and Friends | Mediaite

As the 'global warming' faithful continue their pagan religion, it reminds mw of the pagan faithful Democrats, who believe in the almighty power of the central government and the ability of the the leviathan to perform miracles, heal the sick, hold back the rising waters and engineer Utopian happiness among their dimwitted wretched masses.

However, not all 'scientists' are buying the nonsense proffered by the scheming global warming priests as we read here. The money quote....
Predicting in November that winter in Europe would be “exceptionally cold and snowy, like Hell frozen over at times,” Corbyn suggested we should sooner prepare for another Ice Age than worry about global warming. Corbyn believed global warming “is complete nonsense, it’s fiction, it comes from a cult ideology. There’s no science in there, no facts to back [it] up.” Furthermore, he disputed the underlying assumption of most scientists, arguing that higher carbon dioxide levels does not actually have the effect of increasing temperature, and instead global warming supporters “fiddle the facts to justify political attacks.”

Global Warming Myth | Snow Blizzard | Fox and Friends | Mediaite

Wednesday, December 29, 2010

Quote of the day....

Those who seek absolute power, even though they seek it to do what they regard as good, are simply demanding the right to enforce their own version of heaven on earth. And let me remind you, they are the very ones who always create the most hellish tyrannies. Absolute power does corrupt, and those who seek it must be suspect and must be opposed. Their mistaken course stems from false notions of equality, ladies and gentlemen. Equality, rightly understood, as our founding fathers understood it, leads to liberty and to the emancipation of creative differences. Wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism.

-Barry Goldwater-

Tuesday, December 28, 2010

Monday, December 27, 2010

According to Census Data, People Vote with their Feet for Less Government « International Liberty

As Americans have become more enamored with Marxist Euro state big government interventions in markets, one should keep in mind that this will have adverse impact on the financial health of the nation as we have seen with the experiments in the states.....
The world is a laboratory and different nations are public policy experiments. Not surprisingly, the evidence from these experiments is that nations with more freedom tend to grow faster and enjoy more prosperity. Nations with big governments, by contrast, are more likely to suffer from stagnation.

The same thing happens inside the United States. The 50 states are experiments, and they generate considerable data showing that small government states enjoy better economic performance. But because migration between states is so easy (whereas migration between nations is more complicated), we also get very good evidence based on people “voting with their feet.” Taxation and jobs are two big factors that drive this process.
As a nation, the central government figures that people cannot choose to leave the country, have erected barriers to people that are high earners to leave and still think that that t he nation is a good place to do business. The problem is that this is misguided. With the highest corporate taxes int eh world, the cost of capital is lower in other nations than the Us since the after tax return to investment is higher. This will cause jobs to leave the US for other more attractive places to do business. The Us will not be able to compete on the global stage as the leviathan needs to keep feeding itself with your money, labor, time and lives.

According to Census Data, People Vote with their Feet for Less Government « International Liberty

Saturday, December 25, 2010

Would global warming be so bad? - CSMonitor.com

Worthwhile questions to consider and ask the next time a frothing-at-mouth global warming priest accosts you.

Would global warming be so bad? - CSMonitor.com

Friday, December 24, 2010

The Never-Ending "Business of Centralization" - Reason Magazine

The legacy of 75 years of government meddling in the transactions of common people flow from the the demonic New Deal invention that rested upon the the idea that government is actually capable of both having the necessary information to make these decisions and of actually executing these interventions as planned. Both concepts, central to this Marxist ideal of centraqlized government economic decision making are false....
FDR wasn’t kidding about the law’s reach. Through the creation of more than 500 “codes of fair competition,” the NIRA sought to micro-manage even the smallest and most local aspects of the American economy, mandating everything from the price of food to the cost of having a shirt hemmed. As justification for this unprecedented power grab, Congress cited its constitutional authority to “regulate commerce...among the several states.”
The absurdity that centralized decision making, a basic pillar in Communism and those that desire power and control, is that it just does not work. So why is it that Democrats and Progressives desire the capacity to control such parts of people's lives?

The Never-Ending "Business of Centralization" - Reason Magazine

Merry Christmas wishes from your overlords at the US Government....

Best wishes from the people that have taken your money and have redistributed to those that they see, deserving or not!

How Government Failure Caused the Great Recession — The American, A Magazine of Ideas

There are many reasons why the financial crisis erupted however, the principle reason is the US central government has inserted itself into many many facets of American's everyday economic life. This meddling takes many forms but the net result is that it changes incentives and distorts decision making. But particularly egregious is the leviathan forcing the mortgage guarantee companies to carry out public policy that ultimately will cost taxpayers around $1 trillion to solve.....
The enlargement of the riskier subprime and Alt-A mortgage markets by Fannie and Freddie through the abandonment of proven credit standards (e.g., dropping proof of income requirements) during the 2004-2007 period, and their combined accumulation of a $1.6 trillion portfolio of these loans to meet the affordable housing goals Congress mandated. As of mid-2008, government entities had purchased, guaranteed, or compelled the origination of 19 million of the 27 million total U.S. subprime and Alt-A mortgages outstanding.
As we see in this article, government has created an environment where normal credit standards were dropped due to government interference in the market in addition to multitudes of other interventions that have destroyed value instead of creating it.

How Government Failure Caused the Great Recession — The American, A Magazine of Ideas

Tuesday, December 21, 2010

The next shoe to fall.....

This story just says it all on Global Warming....

Got to love this....
According to Dr David Viner, a senior research scientist at the climatic research unit (CRU) of the University of East Anglia,within a few years winter snowfall will become "a very rare and exciting event".
Well, it seems that they are experiencing months of excitement these days in Britain.


Saturday, December 18, 2010

Quote of the day....

"Those are my principles. And if you don't like them... well, I have others."

-Groucho Marx-

Friday, December 10, 2010

Churchill Saw It Coming | The Foundry: Conservative Policy News.

We can readily recall Churchill’s foresight in foreign affairs—his warnings about appeasing Hitler and the rise of the Soviet Union—but we forget his warnings about America’s welfare state. Unlike the progressives in America and abroad, Churchill recognized that tyranny is still possible—even with a well-intentioned welfare state. Political change does not necessarily mean change for the better. Throughout the nineteenth century, political progress was assumed to be boundless and perpetual. After “terrible wars shattering great empires, laying nations low, sweeping away old institutions and ideas with a scourge of molten steel,” it became evident that the twentieth century would not live up to the nineteenth century’s promise of progress. Democratic regimes—even in America—would not be immune from destruction and degradation.
Churchill rightly argues that government tyranny is a tyranny to concerned about. Even well intentioned tyranny becomes true tyranny over time. People that believe in the ability and power of government to do "good", belive this with an almost with religious fervor, have truly made a pact with the devil. In return for what they think is right, they are willing to trade away our way of life and all of our liberties for their opinion of greater good.

The state does not have the information necessary to make effective and efficient economic decisions. Additionally, political decisions are always influenced by those that have access to the decision makers and the people or organizations will push for what either benefits them or those that they think that need to be targeted for these benefits. Therefore, by definition, this capital is not being diverted to its most efficient use.

Opposite to the state targeted economics where resources are deployed by political decision makers is free market capitalism. Free market capitalism is a process in which decisions are made and these decisions and the millions of others similar or different, impact the supply demand and prices of everything. For those considering free market capitalism in the US, it is not the system in use there. The US is a country where the state interferes in many aspects of everyday life, including housing, healthcare

Churchill Saw It Coming | The Foundry: Conservative Policy News.

For the Lord God omnipotent reigneth.
|: Hallelujah! Hallelujah! Hallelujah! Hallelujah!
Hallelujah! Hallelujah! Hallelujah! :|

The kingdom of this world
Is become the kingdom of our Lord,
And of His Christ, and of His Christ;
And He shall reign for ever and ever,
For ever and ever, forever and ever,

King of kings, and Lord of lords,
|: King of kings, and Lord of lords, :|
And Lord of lords,
And He shall reign,
And He shall reign forever and ever,
King of kings, forever and ever,
And Lord of lords,
Hallelujah! Hallelujah!

Thursday, December 09, 2010

Question of the day.....

Question: Why is a laundromat a really bad place to pick up a woman?

Answer: Because a woman who can't even afford a washing machine will probably never be able to support you.

Tuesday, December 07, 2010

What a complete dick.......

Listening to this idiot makes one realize that ANYONE can become President. Its disgusting that this clown is even near Washington let alone has his skinny hands on the levers of power. How embarrassing.....

China's credit bubble on borrowed time as inflation bites - Telegraph

The coming economic problems in China will probably flow from the following observations....
It concluded in a report last week that there was no nationwide bubble but that home prices in Shenzen, Shanghai, Beijing, and Nanjing seem "increasingly disconnected from fundamentals".

Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo. The US bubble peaked at 6.4 and has since dropped 4.7. The price-to-rent ratio in China’s eastern cities has risen by over 200pc since 2004

The IMF said land sales make up 30pc of local government revenue in Beijing. This has echoes of Ireland where "fair weather" property taxes disguised the erosion of state finances.
Well, since few can afford to buy homes in China, there are only 2 possible solutions; 1. Prices fall, 2. Incomes rise dramatically. Both will create its own difficulties.

The biggest problem, early successes in state controlled capitalism has embolden China's leaders that they could actually engineer long-term economic growth. This ivory tower appraoch will ultimately fail as China has to continue to mis-allocate resources on a greater-and-greater scale to keep the economy going. True free market capitalism would have already created small problems that cause rational actors in an economy to reallocate resources to better investment and saving initiatives.

The resources WILL be reallocated but instead on doing it on a continuous basis on a small scale over longer periods of time, it will happen on a larger scale over a more compressed time frame.

China's credit bubble on borrowed time as inflation bites - Telegraph

Monday, December 06, 2010

Twelve Great Reasons to Love a Great Country - William J. Bennett & John T. E. Cribb - National Review Online

The US has built a great nation, has achieved heights of personal liberty never seen before in mankind and has been a beacon of light for others in the world. Its a shame that this great experiment is being traded in for Euro-style sclerotic socialism. Equality of outcome will completely destroy the fabric of American life and the exceptionalism that has been the powerful blood running through the veins in the social and economic life of the country.

Twelve Great Reasons to Love a Great Country - William J. Bennett & John T. E. Cribb - National Review Online

Saturday, December 04, 2010

Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around

Please have a look at this video on government spending vs. private investment. Governments, through Keynesian spending programs, purposefully implement policies that reduce investment to increase current consumption. When you reduce investment, though, you reduce income, employment, output and ultimately consumption in the future. Government perversion of economics is a vicious cycle where shifts from investment to consumption has to be done over-and-over. Since markets will adjust to increase savings and investment relative to consumption to counter these government attacks on natural allocations of resources then sometimes we will experience cataclysmic events that will eventually lead to disaster.

Friday, December 03, 2010

US government bankrupting the nation......

Get out the pitchforks and torches and kill the monster.

Thursday, December 02, 2010

Quote of the day.....

The first lesson of economics is that we live in a world of scarcity. There is never enough of anything to satisfy all those who want it. The first lesson of politics is to ignore the first lesson of economics.

-Thomas Sowell-

Wednesday, December 01, 2010

Michael Pettis: How China Can Avoid the Japan Trap - WSJ.com

Michael Pettis: How China Can Avoid the Japan Trap - WSJ.com