James Fisher

A storm is coming.

The government tells us that we are on the up and up. The recession is ending and economy getting better.

As a student of Austrian economics, I say the exact opposite as do most of my fellow Libertarians.

We understand the business cycle is caused by the increase in quantity of the money supply. Bernanke has printed more new money than any Fed chairman in the entire history of the Fed from 1913 to now.

So I am telling you, the worst is coming. And it's coming soon. This will make the Great Depression look like nothing in comparison.

So you have two opposing predictions. One from our government officials. One from the group of Libertarians who have done their homework on Austrian economics.

When you see the coming crisis as it hits us, I hope you will look back and remember who spoke the truth.

And when the moment hits that you realize there is a group speaking the truth, then perhaps we should listen to their advice on how to get out of the crisis.

The government will blame the free market saying it is out of control and profit motive needs to be curbed by our rulers. They will ask for more of your money to get you out of this free market crisis.

The Libertarians, like myself, will say the truth. That it is government and not the free market that created this crisis. And the solution is in freedom. To keep all your money, not enslave you further by giving more to the state.
To rid ourselves of the miles of regulations.

And most importantly, to rid ourselves of the Federal Reserve System. It is the Fed that gives our government the ability to spend into oblivion. It is they that cause all inflation be increasing the money supply. It is they who bring more corruption to an already corrupt system.

When the crisis comes. And it will within 4 short years. Remember who said it was coming and who said it wasn't.

The School Bus Law

James Fisher

4 hours ago via mobile ·

I'm driving behind a school bus today with someone who knows me and my Anti-government philosophy.

As the school bus stopped he asked-"what about the rule that you can't pass a school bus?"

What he wanted to know was if we were absent government, who would make law? This is a common debate for the need of government. Who can make law but government right?

Wrong!

Law is just like language. No one or no government is needed to decide what is the correct language. Yet there is only one correct language for English.

Only one correct spelling for the word "harmonica".

How is that possible? If there is no authority to decide what is right and correct, how does that happen? How is there a correct English language?

Its simple (and the answer is not Websters decides). People speak and write back and forth every second of every day. Websters or Wiki only serves to codify what people are actually using as language. The document the official language, but as people change the language through new uses and spellings, Websters documents those changes. And language is always changing.

In a Free society, law works the same way.

The rules are, what people say and do each and every day. There is no formal law written that you cannot cut someone in line. Yet when someone does it, we can call him on it. This is an example of Libertarian law.

Absent a formal state or government, all law would work the same way. And unlike today where law is a reflection of corrupt politicians whims. Libertarian law would be exactly what all people agree should be.

For example; with government you end up with a law that gambling is illegal, except for the government, they are allowed to hold gambling to their profit.

In a Free or Libertarian society, gambling would just be legal for everyone. Because this is how we as a people would agree on law, we would not care what others do that does not affect us.

Government seeks to give itself a monopoly on gambling profits and it can because it has the guns and power of force.

In a free society absent government, there would be no such monopoly. People would gamble if desired and casinos would be 100 privately owned and its none of anyone's business who gambles, because gambling has no victim other than the gambler himself. And law is not to stop people from hurting themselves. Only to prevent people from hurting others.

Believe it or not, we have a right to hurt ourselves.

But back to the point- Law does not need a central overlord state to be present.

Just a language forms with all the "I before E except after C" rules, so would law form the same way.

Absent the government. Law would be a perfect representation of what people really believe the rules should be.

Just like no cutting in line, no calling others after 9pm, smoking in others cars without asking, all have no government law, yet are still present as rules in our society. So would all law.

If someone murdered absent the government, we wouldn't all wonder if the person was wrong or right to murder. We all would still know murder is against the law!

We're All Dead Anyway...Right?

James Fisher

November 24 via mobile

"Long run is a misleading guide to current affairs, in the long run, we're all dead"- John Maynard Keynes.

Who is Keynes? He is the man who rewrote rational economics with his "General Theory" and destroyed a science for the majority.

His General theory is nothing more than garble and spit up contradictions, but he did something other economist did not think of. He told governments exactly what they wanted to hear.

That they could spend their way to prosperity. When the economy slows and unemployment is high, just get the aggregate demand going again and everything will be okay.

He destroyed 100s of years of progress by economists. Not that their information is not there. It still is, and many of us know where to find it. But trying to overcome the forces of the state when it gets this new tool of a supposed economic science which is telling them to spend more is almost impossible.

Most economic text books use Keynes as the foundation. So most of our economists today are trained in this false science.

This is one of the reasons why the Fed gets away with printing so much money and stealing your savings. They say they have science telling them to increase spending and aggregate demand.

Any rational person understands you can't spend your way to being richer. That saving will always increase wealth while spending decreases it. It's 2 year old smarts. But Keynes convinced a whole system into a lie.

It wasn't through some evil Genius that he did it. It wasn't some master plan. It was simple.

Governments steal and spend anyway. That's how they work. They must steal and spend to exist. So the first person, who was able to make an attempt at justifying this as a good backed by science, would be a hero to the states around the world.

Back to the Keynes quote?

This was his response when people asked him about the obvious affects of spending in the long term. If we always spend to fix the economy and create debt, then the debt will hurt the economy and makes us spend more to help it.

What about the long term Mr Keynes? Wouldn't this just be a cycle downward?

His answer?

"In the long run, we're all dead."

Rules Rules Rules

James Fisher

Rule driven behavior vs Profit driven behavior.

Often people think we need government bureaucracies like the FDA or EPA because we can't have just profit driving decisions on how business behaves. We must instead have rules driving their behavior as well.

Were it not for these agencies, the profit motive would be a destructive force.

Examine this closely. What is profit driven behavior? It is business figuring out what people will pay for. Meaning it is what people in society actually want.

People think that a drug company would sell snake oil as a cure for cancer for profit and so we need the rules of an FDA to prevent this. These evil companies must have a rule driven watchdog to stop them from selling us snake oil.

If there was no FDA, would there be companies doing this? Would these companies survive.

Were there no FDA, would you blindly buy any cancer drug? Or would you perhaps do a little research?

Profit driven behavior means the companies who best serve society survive, while the snake oils disappear due to no profit.

Rule driven behavior means a bureaucrat decides what drugs are available to you, not society's actual preference.

There is a different way....America's 3rd way....

Libertarianism.

Tyranny Wrapped In A Box Of Science & Politics

James Fisher

The progressive

The progressive realizes not where progress is made. All real human progress has been made by the market. By individuals figuring out what other individuals really want, need and more importantly, will part with their own savings for.

Yet despite the evidence of the market being responsible for real progress, the progressive seeks to centrally plan progress by the force of the state.

He says:

"We should do X"

"People need to be X"

"We shouldn't do X because the environment X"

Not realizing any time one makes a statement like this, it really means the force of the state guns is needed. Otherwise, if it were voluntary, it would just happen.

The progressive is responsible for horrors and setbacks to real progress.

For it was the progressives that were first to support Hitler.
The progressives looked to plan human development through sterilizing portions of population.
The progressive has no concept of evil and good. These are just relative terms to them.

Progress does not need to be forced onto people. That's tyranny!

For the progressive is tyranny wrapped in a box of science and politics.

Yummy Cupcakes No More?

James Fisher

Yummy cupcakes no more?

Just the other day I wrote a rant on teachers unions not realizing I was predicting the future in my piece. (Please read below on Unions)

I honestly had no idea that this was happening when I wrote it.

Hostess Cupcakes will close its doors. Their union is in the middle of striking.

The CEO says it doesn't matter if the strike ended a week ago, they still must close their doors.

So I want you to think about this for a second. The business has filed for bankruptcy twice since 2004. They have been hanging on by a thread running at a loss for years.

So what does their union do?

Go on strike! Think about that. Your company is dying and if you want to keep your job you should do everything in your power to help them. But instead, you walk out on strike to demand more from them?

Union president says that their failure is from a decade of financial mismanagement. As if he would know. But to me it doesn't matter. Your company is dying. Strike? How can putting the last nail in the coffin be the answer?

Their union has been battling them for years with strikes.

Like I said, unions choke off their companies until only the non-union companies are left standing with less competition.

Its a self correcting system in the free market. This is why you see very little unions in the private sector. The problem corrects itself.

Its also why you see the unions in the public sector instead. Where they can thrive because there is no failure. The failure just means higher taxes for the private sector.

So now 18,500 jobs will be lost because of unions. What else can you argue? That a company loosing money should have paid its workers more?

I wonder how may of those 18500 wanted nothing to do with the union, but had to go along because of the force unions use? How many would have been happy to stay at work but couldn't?

Quantitative Easing Or Just Plain Stealing

Evan Mulch shared Deep Thoughts, by Ben Bernanke's photo.

Quantitative easing is a euphemism for an inflationary strategy of monetary policy pursued by central banks. The bank adds money to its balance sheet ex nihilo (out of nothing), and uses the new money to purchase government securities, thus increasing bank reserves, raising the prices of government securities, and lowering their interest rates. It is equivalent to simply printing additional legal tender. ~Credit for this definition goes to the Mises Institute