Yeah, That Walmart

James Fisher

I was recently debating public schools vs privatizing the education system. (Of course I'm for a free market education and not public)

When the other person said to me-

"Yeah, that's exactly what we need, a Walmart owning and operating all the schools"

He said this as if it should be self evident that Walmart is a bad thing for society?

 

So I said- you mean the Walmart that has made almost everything we buy less expensive? Making it possible for the poorest among us to own 60" LCD HD TV's and $20 phones with calling plans almost free and all sorts of wonderful things?

That Walmart?

The one that took minimum wage jobs with no benefits away from Bradlees and K Mart and turned them into $11.00 per hour jobs with health insurance and 401 K programs?

The Walmart that personally made me richer by saving me tons of money as well as time because I can do my food shopping and everything else at the same time?

That Walmart?

How awful!

Then he responded with the usual line about buying from the Chinese etc etc...

Because apparently its Walmarts fault that the Chinese produce products less expensive than Americans and regardless of this economic fact Walmart should buy more expensive products and let another business kick its ass.

Perhaps the answer to that problem is for the state to stop murdering its businesses to death through regulation and taxes and we could once again outcompete the Chinese.

I'm all for Walmart education. Truth is that would be very unlikely, unless of course a business figured out how to give us far better education so we all decided to send our kids there.

The free market works.

Join the revolution!

How Much For Your Security

James Fisher

What if the good citizens of Massachusetts hire a security firm to prevent terrorist attacks in Boston?

We all got together and chipped in equal money and paid the best private security firm we could find?

Then the bombing in Boston happens!

What would we good citizens do?

We would likely fire them, or at least judge their performance accordingly and take the best plan going forward.

Maybe that means hire a different firm? Maybe we demand a refund due to failure?
Maybe we review their techniques and find out why the failure happened?

What we would not do is instantly give them a raise and more power to interrupt our lives.

Yet this is exactly how government services work.

When they fail, unlike a private market business, their failure means they didn't have enough of our money. They didn't have enough power and right to invade our privacy and civil rights.

So they must now get more powerful, invade more civil rights, take more of our money.

This is the difference between getting your services from the state or the market.

Where the market service must serve you to your exact desire or you shit can them, the state reserved the right to fail in serving you and tell you it's your fault for not giving them enough power and money!

Rush: Where'd They Go?

Last Tuesday I managed to catch a moment of Rush's show while he was lamenting the inner problems of the Republican Party as it related to the missing 4 million voters. He stated,

RUSH: That's it. Four million Republicans that did vote against Obama in '08 sat home in 2012. Do you realize that if those four million had shown up, Romney would have won? Question: Why didn't those four million show up? Is it because of amnesty? Is it because of abortion, immigration, contraception? No way! Well, it might be. It might be the fear that the Republican Party was gonna go in that direction. Those four million said, "The hell with it!" More likely it's that. The party wasn't conservative enough in its messaging.

I personally think Rush is missing something obvious, and that is consistency. After voting for over 20 years for what I thought would be conservatives, I have discovered my own blindness, and I think many others have too.

Rush wonders about amnesty and abortion and a conservative message, but what about the police state growing up all around us? What about the never ending war on terrorism, and the fact that anyone may literally be considered a terrorist?

It is deeper than that though. I think Libertarianism is becoming more popular as an explanation of the world while offering real answers to the issues before us. I personally think many conservatives are beginning to see that the State grows in power no matter who is in charge, Left or Right. Even Rush has said as much many times.

So when a real candidate enters the Republican nomination process with real answers about how to deal with the real fundamental causes of our nation's problems, Rush calls him a dunce and refuses to deal with his ideas, doing the very thing he claims liberals do to Conservatives.

Inconsistency is the sign of a failed argument, and Rush is as inconsistent as they come.

Americans...A Free People

The War of Secession from Great Britain (you may call this the Revolutionary War, but it was indeed secession) was based on the idea that our rights of life, liberty and pursuit of happiness (property) comes from our humanity NOT from the government.

This was the American idea.

That we are all created equal in RIGHTS (not equal in material).

For the first time the idea of Nobility was struck down. Nobility was the previous system where men were born with rights over other men.

This appeal to man's logic of the nature of our rights is the Jeffersonian system of a free people that we have come to know as American.

That our populace has this engrained in its history must be carried forward, not dissolved.

This is who we are!

A free people!

Free from the tyranny of the state.

By Jim Fisher

Why Ludwig Von Mises?

James Fisher

35 minutes ago via mobile ·

The Mises Institute.

Named after the most brilliant economist ever, and you likely never heard of him.

Why?

See if I can shed light.

Ludwig Von Mises born in Austria-Hungry 1881 wrote the most thorough treatise on economics called "Human Action" where he begins by doing what was never correctly or thoroughly done before. That is defining economics. What is the science of economics actually studying? People think its about money and markets, but it's really about studying "human action".

Not psychology, but purposeful human behavior. In that all actions human take starts with a feeling of uneasiness. Were it not for this feeling of uneasiness there would be no reason for action. From scratching your nose to leaving for work in the morning, all action requires this.

Then Mises goes on to tell us the other prerequisites for human action, like the belief the action will change the outcome and the actual means to act.

For example, the human action of eating a sandwich. First you must have a feeling of uneasiness- Hunger! Then you must have the belief that eating will remove this uneasiness - that's pretty simple, we all believe that eating makes hunger go away. Then you must have the means to eat. Food, money, hands, whatever.

Perhaps this seems boring to some, but it is very important as it defines the starting point for what economics is, the study of human action, or what Mises called Praxeology (another thing you likely never heard of)

After Human Action, Mises gained a little fame and taught in Switzerland where he wrote a book called "Socialism".

In this book Mises completely dismantled the hopes of socialists everywhere by bringing forth the "great calculation debate".

Mises proved socialism was unworkable because of it not having any meaningful price system, so it could never calculate the allotment of resources correctly, thus ending in a tragedy of resource misallocation, which as Russia showed us, will result in starvation and countless other problems.

Mises brought forth a great number of reasons socialism couldn't work, but "The Great Calculation debate" was the one most socialists economists tried to actually answer.

Of course Mises writings got him in danger with the Nazi's, and he eventually fled to the U.S. and taught for the rest of his life.

When one calls himself an "Austrian Economist" as I do, this is why. We are students of Mises and others he descended from.

There are other schools of economics such as "Keynesian economics". These schools fail to even define economics. Why? They think it to be a hard science like physics or biology. They come up with complex models to attempt to predict prices that are meaningless. Why? Because it all boils down to human action, and that can never be predicted with any real meaning.

Mises set out to use economics to rationally explain our world of human actors with a real theory of prices, and the law of marginal utility, and the business cycle and what causes it. He showed us that economics can never predict with certainty, but if we rationally explain the past correctly we can understand what is likely to happen if we repeat it. But to not repeat we must have correctly identified causes and effects.

Mises was the first to tell us that the business cycle (the boom and bust cycle like we just saw in housing) is a result of monetary expansion (printing too much money).

He was the only economist to warn of the Great Depression before it happened.

He explained how the roaring 20's was a boom caused by massive printing and how, as fun as it was, it will eventually lead to a bust.

Mises was the first to define this cycle so clearly.

So why is this important?

Why the Mises Institute today?

The Keynesians don't believe printing too much money causes the business cycle. They believe its a natural phenomenon of the free market. The believe that printing money is how you fix it.

And Ben Bernanke agrees.

The Austrians say that Alan Greenspan printed too much money and caused the housing crisis. To fix it, we need to stop printing, stop interfering with the market and let the bust take hold.

Mises said the bust part of the cycle is tough because that's when the market corrects itself. All the people that went into housing must reallocate into where demand really is (because it never was really in housing, that was a false demand caused by too much money). But once people move into sectors where there is real demand, the economy is repaired.

But the Keynesians, like Bernanke, say no, we need to print our way out. People need more credit to keep buying more housing. We can't let the bust take hold. We need to re-inflate housing.

So he printed with QE1

Then printed with QE2

Now QE 3 with unlimited printing. He has been printing since the collapse and is determined to make it work.

You need to pick a side.

Ludwig Von Mises?

Or

John Maynard Keynes

All that printing is destroying our currency. Oil is over 3.50 because of inflation, that's the truth he'll never confess.

It's time to learn and choose!

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!