Posted tagged ‘Mercantilism’

Must Reads For The Week 3/31/18

April 1, 2018

GUN CONTROL?

Armed Resource Officer Stops Maryland High School Gunman, at zerohedge.com. I have talked to people, who did not know that this happened. Here is an example of a good person with a gun taking out a bad person with a gun. The main stream media barely covered this. Why? It didn’t fit their narrative on the gun debate. These situations can be stopped when you have the resources in place at the moment the s#!+ hits the fan. If you wait for police or SWAT to arrive, it is too late.

Superintendent Says Students Are Armed With Rocks In Case Of A School Shooting, by Peggy Lee, at wnep.com. We know a picture of a gun inside a red circle with line through it doesn’t stop shootings. So having rocks to throw at a shooter is better than having nothing when you are operating under the constraint of a gun free zone. A gun free zone takes a gun out of the hands of a law-abiding persons. But it does nothing to constrain a person with bad intent. At least this school accepts the fact that some sort of weapon is needed to fight against a bad guy with a gun. But it is not wise to take a rock to a gun fight.

There Is No ‘Epidemic Of Mass School Shootings’ – Children Are More At Risk When They Ride In A Car, Swim In A Pool, Or Put Food In Their Mouths, by Mark J. Perry, at carpediemblog. You have a .2% or 1 in 491 chance of dying in a car accident, a .1% or 1 in 1,133 chance of drowning, a .03% or 1 in 3,461 chance of dying by choking on food, and a .01% or 1 in 11,125 chance of dying by mass shooting. Which has more press coverage by the main stream media? Perception is not reality. Perception is a tool used for political purposes.

Protesters Say Ban Assault Weapons ….Whatever They Are.

You can’t take anyone seriously who has no idea what they are talking about. Their opinions are tied to emotion and not facts and logic. People like this become useful idiots for politicians and tyrants.

Protesters Talk Gun Control At March For Our Lives.

Are these people ignorant or stupid? Being ruled by emotions makes you stupid.

Actors Cold Read Gun Facts Off Of A Teleprompter.

You can educate ignorance, but you can’t do anything about stupidity.

Police Seize First Firearms Under Florida’s New Gun-Control Laws, at theorlandosentinel.com. The question is who determines whether a person is a potential risk to himself or others? In the case of the Florida school shooter, there  were enough facts that the FBI said they made a mistake by not going after this kid. But what happens when tyrants in government have the discretion to determine potential risk to self or others? Where is the line to be drawn? More importantly, who decides where the line is drawn?

Do The Kids Know This? at targetliberty.com. Hitler, Stalin and Mao all confiscated guns before they killed multiple millions of their citizens. And Stalin and Mao were the darlings of the left.

You Can Try To Repeal The 2nd Amendment, But You Can’t Repeal History, by David Harsanyi, at thefederalist.com.   The 2nd Amendment protects the right of the people to protect themselves from their own government when it becomes tyrannical. Excerpt from the article: “Noah Webster reasoned that, “The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any bands of regular troops….” His only mistake was trusting the whole body of the people would always uphold the Constitution. “

Contemporary liberals often view this form of rhetoric against the government as an endorsement of sedition……What contemporary critics fail to comprehend, however, is that founding generation believed those who would undermine the inalienable liberties explicitly laid out in the Bill of Rights were the ones committing sedition.”

TRUMP TARIFFS HARM ECONOMIC ACTIVITY

Against The Whole Concept Of The ‘Balance Of International Payments’, by Robert Higgs, at economicpolicyjournal.com. When you trade with (purchase something from) another person, each person receives more in value than what they gave up. The exchange would never take place otherwise. When you purchase a candy bar for $2 dollars. You value the candy bar more than the $2 and the store values the $2 more than the candy bar. The store owner doesn’t have to purchase something from for  $2 to “balance the payment”. The account is balanced when a trade (or exchange) is made. It doesn’t matter if the trade is $2 for a candy bar, or if a car company in America purchases steel from a steel company in China.

Trump’s Steel And Aluminum Tariffs, by Walter Williams, at jewishworldreview.com.    That which is seen and that which is unseen. Excerpt from the article: “Last Week, President Trump enacted high tariffs on imports of steel ad aluminum. Why in the world would the U.S. steel and aluminum industries press the president to levy heavy tariffs?”

“The answer is simple. Reducing the amounts of steel and aluminum that hit our shores enables American producers to charge higher prices. Thus U.S. steel adn aluminum producers will earn higher profits, hire more workers and pay them higher wages. They are the visible beneficiaries of Trump’s tariffs.

But when the government creates a benefit for one American, it is a virtual guarantee that it will come at the expense of another American – an unseen victim. The victims of steel and aluminum tariffs are the companies that use steel and aluminum. Faced with higher input costs, they become less competitive on the world market……To become more competitive in the world market, some firms may move their production facilities to foreign countries that do not have tariffs on foreign steel and aluminum.

Politicians love having seen beneficiaries and unseen victims….In the cases of the steel and aluminum industries, company executives will know whom to give political campaign contributions. Workers in those industries will know for whom to cast their votes. The people in the steel and aluminum using industries may not know whom to blame for declining profits, lack of competitiveness and job loss. There’s no better scenario for politicians. It’s heads politicians win and tails somebody else loses.

Trade War: What Is It Good For?

Why We Learn Nothing About Trade, by Carmen Elena Dorobat, at mises.org. The ideology of 17 century mercantilism was destroyed by the ideas on free trade by the classical liberals of the 19 century. Unfortunately these protectionist ideas keep rising from the dead. It is time to drive a stake through the heart of this failed ideology once and for all.

VENEZUELA = SOCIALIST PARADISE

Socialist Utopia: Child Gangs Fight For “Quality Garbage” With Machetes In Venezuela, at zerohedge.com. How bad is it when your best option for getting food is to fight others for the possibility of finding it in the garbage?

Venezuela Faces A Terrible New Crisis: A Shortage Of Blood, by Rachelle Krygier, at washingtonpost.com. There is a shortage of medical supplies and blood in this socialist utopia. Economic systems produce different standards of living.

Venezuelans Report Big Weight Losses in 2017 As Hunger Hits, by Vivian Sequera, at reuters.com. Venezuelans have lost an average of 24 pounds over the last year. There are consequences of choosing socialist central planning over free market capitalism.

The Venezuela Diet – Remy

 

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July 4th: Independence From Tyranny, The Battle Continues

July 3, 2014

I wrote this post last year for our 4th of July Independence Day celebration. In light of some recent Supreme Court decisions striking down the tyrannical power grabs by the President and the Government, I’ll repost it.

DECLARING INDEPENDENCE FROM TYRANNY

English: This is a high-resolution image of th...

Declaration of Independence (article (Photo credit: Wikipedia)

JEFFERSON’S GEM

On July 4th 1776 congress adopted a Declaration by the thirteen United States of America for their Independence from the tyranny of The King. I haven’t read this document enough over the years. I’ve taken for granted that I understand the meaning of the words Jefferson penned, but my most recent reading has revealed the depth of meaning he compressed into relatively few words. I had similar thoughts when I reread the Declaration of Independence as I did when I read The Road To Serfdom by Hayek for the first time in 1993. Those thoughts were, “Oh my God, he’s writing about today”. Before we look at some of the words in the declaration, let’s look at what Colonial America was like before 1776..

EVOLVED FREEDOM IN COLONIAL AMERICA

Colonial America developed relatively freely for a couple hundred years before 1776. A culture evolved here over these two hundred years which was different from the culture in England. In a book titled “A Patriot’s History Of The United States by Larry Schweikart and Michael Allen, they write about a few trends that led to the spontaneously evolved freedom that existed at the time of the Revolution.

“First, the sheer distance between the rulers and the governed – between the King and the colonies – made possible an extraordinary amount of independence among the Americans”…..”Second, while the colonists gained a measure of independence through distance, they also gained political confidence and status through the acquisition of land. For immigrants who came from a nation where the scarcity of land marked those who owned it as gentlemen and placed them among the political elites. The abundance of soil….make them the equals of the owners of manorial estates in England. It steadily but subtly became every citizen’s job to ensure the protection of property rights for all citizens, undercutting from the outset the widespread and entrenched class system that characterized England. Third, the precedent of rebellion against a government that did not carry out the most basic mandates – protecting life, property, and a certain degree of religious freedom (at least from the Church of England) was established and supported by large numbers, if not the wast majority, of colonists. Fourth, a measure of religious toleration developed.” (1)

“By 1774 American colonists already had attained a standard of living that far surpassed that found in most of the civilized parts of the modern world.” (2)

The economic system in place at this time was mercantilism (read here), which was a system where the state gave special subsidy and monopoly privileges to businesses, individuals, and groups the state favored. It encouraged exports and discouraged imports, and the enforcement of these regulations created a bureaucracy that built state power.

Patriot’s History talks about mercantilism, “Mercantilist doctrine demanded that the individual subordinate his economic activity to the interest of the State….it didn’t help the English that mercantilism was based on a conceptual framework that saw wealth as fixed and limited, meaning that for the Government to get more wealth, individuals had to receive less of the fruit of their labor…….Having the State pick winners and losers in the fields of enterprise proved disastrous……Americans came to despise regulations that threatened the further development of America’s thriving merchant trade…..Traders at the top favored regulations because they allowed them to freeze out aspiring competitors, but producers and consumers disliked the laws and they were swiftly becoming the majority.” (3)  Does any of this sound familiar? (Crony Capitalism)

THE DECLARATION OF INDEPENDENCE

The tyranny of Government is what man has been fighting since before recorded history, and it is what we fight today. The freedom of the individual is rare in history, while the tyranny of government over the individual is the historical norm. Here are a couple of excerpts from the declaration, ask yourself if these words are applicable today.

“We hold these truths to  be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that  among these are Life, Liberty, and the Pursuit of Happiness–That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its Foundation on such principles, and organizing its Powers in such Form, as to them shall seem most likely to effect their Safety and Happiness.”

Our rights are above the Government, they don’t come from Government. Governments are instituted by men in order to secure each individuals rights. Governments get their just power from the consent of the individuals. When a Government becomes destructive in securing the rights of individuals, the people have a right to change or abolish it.

“Governments long-established should not be changed for light and transient Causes……Mankind are more disposed to suffer, while Evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.”

Individuals will suffer evils for a long time before they will pay the heavy price of  changing or abolishing Government. The evil has to become intolerable before men will make a change, and remember, intolerable is in the eye of the beholder. We haven’t reached that point yet, but we are getting closer with each new regulation, tax, intervention, usurpation of power, by our elected officials and bureaucrats, along with each new case of political corruption.

Jefferson then lists the abuses by the King. There are too many to list here, read the Declaration and see if any of the abuses apply today.

“In every stage of these Oppressions we have Petitioned for Redress in the most humble terms…..A prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the  Ruler of a free People.” 

When a rulers acts are the definition of tyranny, he is no longer fit to be the ruler of a free people.

“…and by the authority of the good People of these Colonies, solemnly Publish and Declare, That these United Colonies are, and of Right ought to be, Free ad Independent States; that they are absolved from all Allegiance to the British Crown…….And for the support of this Declaration, with a firm Reliance on the Protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.

The founders absolved their allegiance to the crown, and instead pledge to each other their lives, their fortunes, and our sacred honor.

TYRANNY OR RIGHTS

Why do I see tyranny where others see government giving rights. Health care is only one example. I see Government telling me what I can and can’t do with by healthcare decisions as tyrannical and a violation of my right to property and contract. Others see Obama care mandates on their health care as somehow gaining rights. We obviously have different visions on how the world works. Compromise between the two visions only creates a chaotic middle ground, and this is where we are right now. Which direction we go from here will determine if we will face the sobering decision at some point to “rely on divine Providence, and mutually pledge to each other our Lives, our Fortunes, and our sacred Honor”.

Here is a post I wrote titled, “We’re All Born In The Middle Of The Story“, it is a good follow-up to the above post. Here are some excerpts from the article.

“Most people think history started the day they were born. They give little thought, or have no understanding of how the world that existed the day they were born came to exist as it did. Where each person is, and what they are doing today, is the result of decisions made by them and other people, in the recent past and the distant past.”

 “In 1838, a mere forty-five years after our founding, Abraham Lincoln addressed the Young Men’s Lyceum of Springfield, Ill. in a speech about the perpetuation of our institutions of liberty. He was worried about that present generation forgetting the battle for freedom that had taken place fifty years before. How much more worried should we be that our present generations, who are two hundred plus years removed from the actual events,  have no idea about the principles of freedom.”

Click on Lincoln’s address to the Young Mens Lyceum of Springfield. Ill. It is outstanding.

 

Related Article, What Is Tyranny? The President Should Know The Definition, by austrianaddict.com

Related Article, The Most Recent Arbitrary And Unrestrained Exercises Of Power By The Federal Government, by austrianaddict.com

 

Footnotes.

1) From A Patriot’s History Of The United States by Larry Schweikart and Michael Allen, pg 25-26

2) From A Patriot’s History Of The United States by Larry Schweikart and Michael Allen, pg 25

3) From A Patriot’s History Of The United States by Larry Schweikart and Michael Allen, pg 49-50

July 4th, Declaring Independence From Tyranny

July 4, 2013
English: This is a high-resolution image of th...

Declaration of Independence (article (Photo credit: Wikipedia)

JEFFERSON’S  GEM

On July 4th 1776 congress adopted the Declaration of thirteen United States of America for their Independence from the tyranny of The King. I haven’t read this document enough over the years. I’ve taken for granted that I understand the meaning of the words Jefferson penned, but my most recent reading has revealed the depth of meaning  he crammed into relatively few words. I had similar thoughts when I reread the Declaration of Independence as I did when I read The Road To Serfdom by Hayek for the first time in 1993. Those thoughts were, “Oh my God, he’s writing about today”. Before we look at some of the words in the declaration lets look at what it was like in Colonial America. (more…)