:: Tuesday, February 09, 2010

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Seems like every handful of years, somebody starts yammering about how much money candidates spend to get elected. About how that spending is going up and up and up. And they claim that that’s a sure sign of corruption.
Not likely. Look instead at the ratio of federal spending versus spending by presidential [...]

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Congressional spending and Federal Reserve policy have teamed up to lock the U.S. economy into a downward cycle that may lead to catastrophic failure if left unchecked. Both Congress and the Federal Reserve have taken reckless abandon in their recent attempts to insert the federal government as a solution to the country´s economic woes. Rapid response and common sense solutions are required to counteract these irresponsible practices.

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From Albert Jay Nock’s Our Enemy, the State:

What we and our more nearly immediate descendants shall see is a steady progress in collectivism running off into military despotism of a severe type.  Closer centralization; a steadily growing bureaucracy; State power and faith in State power increasing, social power and faith in social power diminishing; the [...]

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Danny Tarkanian, GOP primary candidate for U.S. Senate in Nevada, will be issuing a statement on economic policy that will appear right here on CE. From what I can tell, Team Tark “gets it.”

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… then he’s not serious about freezing or cutting spending.
Glenn Greenwald elaborates on just how friggin’ big and bloated the US “defense” budget is over at Salon. My shorter version:
The US spends almost as much as the rest of the world combined on “defense.” It spends six times as much as the next-largest “defense” spender [...]

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Government cannot fix America’s problems.  Only innovative, responsible individuals acting according to their own free will can help cure what ails us.  If government could solve all our problems, then government might as well centrally plan society, but as we have seen in every instance in which this has been tried, the sole result has [...]

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Zero Hedge (with help from the Huffington Post) has been all over the biggest fraud perpetrated by the government in economic history.  While trying to avoid some of the minutiae of the transactions that took place, below are some of the highly poignant issues to come out of HuffPo’s (shockingly!) and Zero Hedge’s excellent muckraking.  [...]

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Ilana Mercer concisely and elegantly makes a point that I’ve been harping on among big-L Libertarians for some time.
“Targeted tax credits” aren’t “incremental moves toward liberty,” they’re just social engineering — shifting the tax burden from those who spend their money the way bureaucrats decide they should spend it, and onto those who spend their [...]

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I wrote a column in Financial Express about Obama’s left turn.
Also see:

The associated editorial in Financial Express.
White House nightmare persists by Ed Luce in the Financial Times.
Neil Irwin in The Washington Post on the difficulties that Bernanke is facing on [...]

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Well, I listened to Larry talking about how Obama failed to change anything. And I heard about Larry’s plan to change this: Citizen Funded Elections. It’s astounding how someone so smart can miss the mark by so much. The problem is not that special interests are buying congressmen. The problem is [...]

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