How to Prove Ron Paul is a Racist Enemy of America

Some of the best minds in the nation's political class are working to come up with ways to stop Paul
Ron Paul’s dangerous, confusing message of ”freedom” for Americans has infected the Republican party, the way Reagan’s did 30 years ago. Last time, the faithful Nixonians who controlled the GOP leadership failed to silence it in time.
This time, the threat must be silenced BEFORE it has time to take seed. The message of “liberty” is far too dangerous for common people.
Fortunately, there are some ways to discredit the messenger:
Ron Paul is RACIST!!!
Ron Paul is the Republican candidate most supported among blacks. He must be undermined there, lest he get nominated and beat Obama.
So NEVER mention his popularity among minorities, but instead…
Twenty years ago, some obscure writer said some rather dubious things that seem to be sarcastic, rather petty shots at black crime. He published them in one of several “liberty” newsletters Ron Paul had sponsored for years before that.
Therefore, Ron Paul is racist.
Yes, Paul had nothing to do with the newsletters, other than as a figurehead, and he disavowed them in the 1990s…but most people have never heard of the “scandal”, much less how it’d been disproved years ago.
So, in order to close people’s minds to Paul’s appeal, before they learn too much, simply ASK them “would you want to vote for someone whose newsletter said racist things?”
Talk about how disappointed you are Paul, who “seemed” like a nice guy. They will listen, because he is a nice guy, so you’ll appear as if you know what you’re talking about.
In fact, everything they have heard Paul say will contradict the picture you are painting, so you must avoid, at all costs, any mention of Paul’s own words, which seem to appeal to young and old, black and white, male and female.
You must, as always, keep Paul from any actual air-time, himself. Beware quotes like this:
Libertarians are incapable of being racists, because racism is a collectivist idea; you see people as groups. A civil libertarian like myself see everyone as an individual. “It’s not the color of the skin that’s important” as Martin Luther King said, “it’s the character of the individual”.
You know what is really interesting, though, and might be behind [the racism claims]. Because I, as a Republican candidate, am getting the most black votes and black supporters, and now that has to be undermined.
~Ron Paul, CNN (2008)
Paul is popular among minorities, because they share his social values, and he speaks out against how they suffer disproportionately in the abuses of our justice system, in the drug war, and in foreign wars. Their voices need to be silenced, for their own good.
Fortunately, this leads us to the next way to discredit Paul…
Ron Paul HATES the Military!!!
Ron Paul is the Republican candidate most supported by our military. More vote for him, and more support his campaign. He must be undermined there, lest he end up Commander in Chief.

We must avoid mention that Ron Paul is the only candidate to have actually served in the military, and that his fellow veterans share his foreign policy beliefs
But Ron Paul opposes the use of American troops in voluntary foreign wars. You’d think he’d support them, since he’s such a big fan of voluntarism…but he does not. And he votes against our troops.
Well, not really, he actually supports using the troops for defense of America, and votes against huge spending bills that include many things our troops oppose, that are simply lumped into one Monster Bill to keep people from voting against them. In fact, he voted for the initial authorization of force against Afghanistan, in 2001 when it was sold as being a defense of America against the attack, not nation-building…but people don’t need to know that.
Just say “how can you even consider someone who undermines our troops overseas?”
As before, any actual quotes by Paul must be avoided, because even his “worst” arguments really end up looking too patriotic, if you’re not careful. For example:
If we can’t or won’t define the enemy, the cost to fight such a war will be endless. How many American troops are we prepared to lose? How much money are we prepared to spend? How many innocent civilians, in our nation and others, are we willing to see killed? How many American civilians will we jeopardize? How much of our civil liberties are we prepared to give up? How much prosperity will we sacrifice?
…I support President Bush and voted for the authority and the money to carry out his responsibility to defend this country, but the degree of death and destruction and chances of escalation must be carefully taken into consideration.
~ Ron Paul, Foreign Interventionism is Detrimental to Our Security (2001)
This is exactly the concern of so many of our own soldiers, so it attracts their support, and must be avoided.
Likewise, on our troops’ own safety and defense of American principles:
Torture by rogue American troops or agents puts all Americans at risk, especially our rank-and-file soldiers stationed in dozens of dangerous places around the globe. God forbid terrorists take American soldiers or travelers hostage and torture them as some kind of sick retaliation for Abu Ghraib.
~ Ron Paul, Government and Racism (2007)
Or his take on isolationism:
It is not we non-interventionists who are isolationsists. The real isolationists are those who impose sanctions and embargoes on countries and peoples across the globe because they disagree with the internal and foreign policies of their leaders. The real isolationists are those who choose to use force overseas to promote democracy, rather than seek change through diplomacy, engagement, and by setting a positive example.
~ Ron Paul, I Advocate the Same Foreign Policy the Founding Fathers Would, Manchester Union-Leader (2010)
So Paul’s own words are right out. Use someone else’s words, and then keep asking Paul about them, as if they were his:
Paul: I didn’t write them, I disavow them…
Q: So you read them, but didn’t do anything
Paul: I never read that stuff. I was probably aware of it ten years after it was written…it’s going on twenty years that people have pestered me about this.
Q: Well, wouldn’t you say it’s a legitimate question?
Paul: When you get the answer, it’s legitimate that you sorta take the answer I give. You know what the answer is? “I didn’t write them, I didn’t read them at the time, and I disavow them.”
Q: These things are pretty incendiary, you know, saying…
~ Ron Paul, versus some CNN badger (2011)
Ignore such replies, keep asking people “why won’t he address the racist newsletters?” In that interview, Ron Paul directly disavowed them, and said he didn’t write them three or four times. The CNN chick even admitted it…but she kept re-asking the question, as if he hadn’t answered it. That’s the kind of games we need to play, to discredit him. We certainly can’t beat him on ideas, because his have been integral to America since the Founders, and even after all this time we haven’t been able to get rid of them.
Even running a third party Republican as an Independent in the general election, in an effort to split Reagan’s votes and get Carter re-elected, failed those brave, determined Rockefeller Republicans.
If we stick together, we can get out of this without the will of the people being heard, this time.
How Student Loans Increase Your Tuition
People are complaining, as they should, about how tuition prices are shooting up far faster than inflation…in fact, how they went up even faster while the economic depression had prices stagnant or falling, nationally.

The commodity subsidized the most, is the one that's gone up the most in price. In fact, each of these is inflated in accordance to its subsidization, although energy's short-term volatility is a result of our self-destructive foreign policy.
It seems that the more the government increases grants and student loans, and gives special breaks to students or parents to help them pay for college, the more those prices shoot up and undo that benefit.
But this is not a coincidence. It’s exactly what must happen, because of those student benefits…and the more the government hands out student aid, the more the laws of Supply and Demand and of Unintended Consequences will force tuitions higher:
Subsidies
When you give away money to help people buy something in an industry, it’s technically called a “Subsidy“…and the primary function of a subsidy is to raise prices. The government, unfortunately, often does just that, on purpose, giving a subsidy in an industry because it’s been bribed by lobbyists to place the profits of the producers over the needs of the members of society (aka consumers). Farm subsidies are how it keeps milk and other staples too expensive for poor people to buy without the government’s own “help”, for example.
The way a subsidy works, of course, is that you increase the number of dollars available to buy the product, while the actual demand for that product, and therefore its supply, stays more or less the same. If people generally choose to spend a one hundred million dollars per year on apples, and they average $1 a pound, then the government offers people an extra fifty million dollars to “help” them buy apples, the average price of apples can increase to $1.50 a pound, driving up prices of pies, and giving poor people one less healthy snack they can afford. That’s a bit oversimplified, but pretty much how subsidies are used.

Sugar cane is cheaper, and better for the environment than beet sugar, but punished by a beet subsidy
People didn’t actually want beet sugar more than cane sugar, the government simply threw more money at it, so that there was more to spend, and prices rose to a new level. Why? Bribes from beet farmers.
Of course the poor benefit from the inexpensive calories of sugar, so this hike in prices caused them to go hungrier…but they don’t have lobbyists as powerful as the more corrupt and irresponsible farm organizations do.
But money poured into an industry to pay for its goods is a subsidy, with the price-boosting impact, no matter whether that’s the official intention or not:
Health Care Prices
For example, Bush’s own socialized medicine plan, Medicare Part D, threw hundreds of billions of dollars at pharmaceutical companies, for the same medicine that was already out there. Naturally, prices went up even higher, helping precipitate the “crisis” that was used to pass Obamacare…and the Obama administration now admits that, indeed, the added money from Obamacare has caused health care prices to shoot up even faster, even in the short time since it was enacted…and contrary to the claim that it had to be rushed through to reduce prices.
In fact, if you track health care prices through the past century, they shoot up each time the government imposes a program to “help” pay. The largest increase was immediately after Medicare was implemented.
College Tuitions

The Occupy Wall Street movement is correct to complain about the massive debt created by student loans...because those loans have increased tuitions, tenfold.
Therefore, it’s really no surprise that college tuitions go up each time government grants and loans increase, even when the economy is weak and driving many other prices down.
In fact, with the government’s fake “student loans” and grants now making up the majority of all money spent on tuition, it would be impossible for tuition prices to do anything but be inflated by many times what they would be if colleges had to actually compete for student money, directly.
People are, right now, complaining loudly about how tuitions are going through the roof…but Big Brotherment’s response has simply been to throw even more money at tuitions, like Obama’s recent, unconstitutional Executive Order, even though this will just increase tuitions more.
It’s as if your doctor’s proposed response to emphysema was for you to chain smoke, because the nicotine will make you feel good.
Government Alarmism Kills Dozens in Joplin, Missouri
“Better safe than sorry” is not a truism. In fact, it’s more often wrong than right.
Too much safety is its own danger. If you stayed in a wheelchair all the time, your muscles and bones would soon become so weak that walking really would be dangerous.
Mothers who try to protect their children from too much, of course, end up raising adults who are a danger to themselves, unable to deal with real-life situations once they’re out from their mother’s skirts.
And it’s no coincidence that our ever more “protective” government is called a nanny state; it does the same thing to us, even as adults.
But, in the case of the needlessly deadly tornado in Joplin, Missouri, this burden of destructive protection caused death in a whole different way:
Another response some children, and plenty of adults, have to a needlessly smothering authority is to stop taking safety seriously, even when it matters.
In 1973, the Joplin area responded to a particularly damaging by dramatically lowering its standards to include “dangerous” rainstorms, not just tornadoes. This means that when you hear a tornado warning in Joplin, it probably isn’t a tornado.
On top of that, the standards for what to trigger a tornado warning, nationally, has changed more recently to not require any actual tornado. At one time, this was called a “watch”, but now “there might be a tornado” triggers a false alert, not just a watch.
In fact, because of such “better safe than sorry” alarmism, there three quarters of all tornado alerts are false alarms, nationally. Therefore, people have wisely started ignoring tornado warnings.
Thanks to this, plus the abuse of the system for mere thunderstorms:
When the second-worst tornado in sixty years hit Joplin, people did what they’d, quite rationally, learned to do whenever the tornado siren went off; ignored it.
A pair of national media journalists, coincidentally in town for other reasons, felt the normal east coaster’s panic at the sound of tornado sirens, but were puzzled to discover that everyone else just went about their business, as if nothing were wrong.
This has happened many times in the past decades, and the locals had always been correct to sneer at it..
But — this one time — there was an actual, deadly tornado bearing down on them.
Sadly, the Culture of Safety has turned into the fable of The Boy Who Cried Wolf.
How many lives would have been saved without the government’s ridiculous alarmism?
Well, in 1953, a Joplin-sized tornado hit Waco, Texas at the time when the Federal government banned all tornado alerts. 115 people died.
Just seven years later, with warnings legalized and an siren system in place, a nearly identical tornado hit a nearly identical urban area, and only resulted in 15 deaths.
Now that progress has been undone, by the increased in government busybody mentality.
The way I see it, government alarmism is responsible for horrible, avoidable deaths of at least 100 people in Joplin, Missouri…and probably a large part of the other tornado-related deaths this year, for similar reasons.
Why the End Does Not Justify the Means

Why don't we torture accused criminals in order to find who is guilty? Because the end does not justify the means.
It has become clear that many politicians and lawyers, and a few real people, don’t understand what is meant by The End Does Not Justify the Means.
They act like people are saying the desire to have pancakes cannot justify making batter. But this is more specific. It’s about good versus evil. In their unfortunate perspective, caring about what is right must seem insane.
But the truth is that this phrase sums up one of the most important principles of ethics and morality:
It means that there are certain fundamental principles that are “right”, “good”, et cetera, that are essential to those conditions…and you cannot justify violating them because you have some “right” or “good” goal in mind.
For example, you cannot have justice, unless you adhere to the principles of justice; It’s not OK to do unjust things to people simply because you have a just goal in mind.
This is a basic philosophical rule that is ignored or denied by almost all evil people you will find out there, and supported by almost all good ones. Marxists coined the modern use of the phrase “the end justifies the means”, and naturally they and their socialist spinoffs were responsible for the vast majority of all great evils, for the past century.
Evil Men
Joseph Stalin, for example, justified the deaths of tens of millions of his own people, by saying that the population was too large for (relatively inefficient) Communism to support. The mass death left Soviet society more sustainable. Did the betterment of millions of peoples’ lives justify the murder of millions of other people? According to Consequentialist socialists; yes.
Previously, the Dominican order of Catholicism was an advocate of the idea that the end justifies the means (in spirit), and it just so happens that they went on to conduct, among other great evils, the Inquisition. It was literally claimed that you may be saving the soul of the man you tortured or murdered in the name of God, so it was OK. All the ways the current Pope is less popular than his predecessor appear to center around his being of that Dominican mindset. In fact, the position he held before becoming pontiff was the Head of the Office of Inquisition, I kid you not…it had simply changed its name for PR reasons.
Likewise, when Machiavelli used that phrase in his satirical indictment of the evils and abuses of Feudal government, The Prince, he succeeded in hitting the nail on the head as to what is most wrong and unjust.
Required by Good
In reality, the end does not justify the means, in part because the long-term outcome of ignoring principles in order to buy short-term results is a failure of your own goals.
The idea that the wise principles override the short-sighted goal (a form of Deontology, if you like them thar fancified words) is why courts will overturn convictions on technicalities, one of the few good and just things remaining in the US legal system. Any honest — or as close as they get –prosecutor will tell you that the reason they hate that condition is how it keeps them from breaking rules and simply gambling punishment, in order to convict people they think are guilty. They are restrained from unjust acts, by this absolute enforcement of the principles of justice, even though it may let a guilty man walk in the short term.
When you have a principle, like “do not violate someone else’s property”, it cannot be overridden because you have some end in mind like “but the wealth I steal from his safe will benefit several other people who deserve it more”.
Like setting aside money for bills and emergencies instead of partying all of your paycheck away, sticking to the principles of what is good, right, and just produces the best outcome in the long run. You are investing in your ultimate goal by sticking to it when the going gets tough. When you panic and abandon your principles for a short-term benefit, you end up making things worse in the end.
THAT is why the end does not justify the means.
Should You “Give Back” to Your Employer?

When you buy bread for a dollar, the seller is "giving back to the community" for the dollar, by feeding you a dollar's worth of food. He is literally "feeding the hungry".
Each year, a generous social organization probably gives you tens of thousands of dollars, through your job.
You are very fortunate to be given this plentiful benefit, and should give back to the society of your bosses. Perhaps by giving them money, or volunteering to help them prosper.
“But wait” you say, “they didn’t pay me that money as charity…it wasn’t fortune! It wasn’t a windfall or luck! I earned that money! They were paying me for services I rendered to them! I owe them nothing, because it was a fair exchange!”
And you’re right, of course.
This is so obvious that my statements above were patently absurd. I couldn’t easily find a way to make them convincing, lest I drive you away by sounding like a nutcase.
And yet that’s just the sort of insanity that “progressives” advocate, these days.
That’s How They Got Rich
Certain class hate types are saying we should take even more money from the wealthy (families who make over $250K and already shoulder 90% of the Federal income tax), because “those who have benefitted most from our way of life can afford to give a bit more back“.
But most people who get rich earn their money, just like you d0. Their customers, like your employer, trade with them voluntarily, and (hopefully like your employer) believe they are getting as much or more as they are paying for. They “benefit” only exactly in proportion to how much they “give back”, already. If you earn a billion dollars in the marketplace, it means you have already given over a billion dollars in value to the people who (therefore) paid you for it.
Now it’s true that some wealthy people don’t get their money consensually. It amounts to ill-gotten loot they secured because they are the crony of some corrupt politician who hands them fat taxpayer money as pork — for example, Dick Cheney and Haliburton, or Democratic Senator Claire McCaskill’s husband. And I’m all for a special surtax on government officials, employees, and contractors and their cronies, who profit on the taxpayers’ backs instead of by contributing to society.
But if we want to attach being wealthy more with contributing to society, we need to reduce government’s influence, instead of expanding it. When government oversteps its legitimate boundaries, it ends up voilating our choices, making people rich whom we would not have chosen to pay, who did not to society for the money.
Whether with needless government contracts, bailouts, pork, or forcing you to buy from someone like a monopoly (cable and power companies) or mandate (health insurance under Obamacare, mercury-laden lightbulbs and inferior toilets), this does create wealthy people who’ve given nothing…and we need to stop it from happening.
People who earn their money have already “given back”, and don’t need to make some extra sacrifice as punishment for their success. That success shows how much they’ve already given. We need to stop the class envy greed, and focus on cutting the spending that is done on the backs of all productive Americans, freeing ourselves to succeed again.
Is the Fed Wagging the Dog?
In 2008, banks stopped lending as much money, helping drag the economy down.
They started holding it in extra reserves, instead.
This caused deflationary pressure the Federal Reserve has been “protecting” us from ever since.
We’re so lucky we have the Fed.
But why did the banks start holding excess reserves instead of lending? Were they simply scared of the economic conditions?
No, they are being PAID to do it, by the Federal Reserve.
That’s right…the Federal Reserve that is “saving” us from the banks’ refusal to lend, is paying the banks to do it.
How the Banks Work
See, banks usually take the money you deposit, and invest it. They make business loans, home loans, buy securities, and so on.
The profit they make doing that pays for the banking services they “give” you “free”.
In a sense, they are acting like a mutual fund for you…investing your money and paying you “interest” in the way of free banking.
But they don’t invest all of your money. The Federal Reserve requires them to hold back a bit “in reserve”. This is to ensure that they have money in case people want to withdraw it.
The Fed makes banks hold 10% of your checking account (and everyone else’s) in their Reserve.
The other 90%, the bank invests, driving the economy through business loans, buying securities, et cetera.
Or it did.
The Fed Wags the Dog

Up to 2008, EXCESS reserves were usually at 0. When the Fed started paying banks to hold them, this excess shot through the roof
But in 2008, the Federal Reserve started paying banks interest for anything they held in reserve.
Immediately, banks started holding EXTRA money in reserve. This is called “excess reserves”, and it had never happened in any large amount before.
Strangely, the Fed’s response to the banks doing what it is now paying them to do has been to complain that they’re doing it, and to expand its power even more, to “save” us from the lost money.
See, our capitalist economy depends on money being used to create wealth. With hundreds of billions being stuck in “reserves”, it’s not being invested to create wealth, and the economy is suffering.
In effect, the Fed is causing what Friedrich Hayek called “hording”, and identified as something that NO economic school considers healthy.
It is agreed that hording money, whether in cash or in idle balances, is deflationary in its effects. No one thinks that deflation is in itself desirable.
– Friedrich Hayek’s 1932 Letter on the Great Depression
If banks respond to free market demand by increasing their reserves, that’s good.
If the government (including the Fed, acting as its agent) forces more reserves, that’s bad.
The reason the Fed has added, or says it is adding, over a trillion dollars in “Quantitative Easing” (including the recent QE2) is to fight the deflationary effects of banks “hording” in their reserves.
This “easing” is the printing of temporary money the Fed uses to buy securities. It hopes that money will get spent without going into excess reserves…but this is dangerous, because that extra money could cause inflation after the economy recovers.
The Fed hopes to sell those securities and destroy the money it gets back, but history says it will respond almost two years too late, leaving us suffering inflation.
So the Fed is risking dramatic inflation, in order to save us from the risk of deflation it is paying the banks to create in the first place.
Many thanks to Steve Horwitz for his feedback during the writing of this article.
What Bernanke Means: QE2 Will Not Boost Money Supply
Most of the loudest critics of the Federal Reserve are aghast at Ben Bernanke’s recent interview, in which he stated that:
We’re not printing money.
The amount of currency in circulation is not changing.
The money supply is not changing in any significant way.
– Ben Bernanke, 60 Minutes Interview, December 2010
What on earth, people wonder, does he mean by that? How could he say such an obviously crazy thing?
I mean, he is spending NEW money buying up bonds and notes…everyone but Bernanke is calling this QE2 (Quantitative Easing)…and the whole point of this is to add money to the economy.
How can he say the money supply is not changing?
But he isn’t simply crazy…he means something specific, and sane (if misguided).
He means this:
Quantity Times Velocity
The real money supply is not simply the number of dollars in existence. As Nobel-laureate economist Friedrich Hayek pointed out, real money supply is really a multiplication of the amount of money, times how much the money is moving around.
(S)upply equals (Q)uantity times (V)elocity.

This chart of the movement of MZM, the best measure of money people can actually use, tells the tale of woe...velocity, and therefore REAL money supply, has fallen deeply, despite the Fed's hopeless efforts to stop it.
And right now, money velocity is as low as it’s been since the Great Depression…not surprising, since this is the first depression the US has suffered, since.
That means it’s moving very little. In fact, it’s mostly sitting around in banks, doing nothing. It is, as Bernanke implied, effectively out of circulation.
That money is as absent from the economy as if it did not exist. This is the Fed’s fault, because they started paying interest on reserves held idle right at the beginning of this depression, but that’s a separate article.
So even though we now have more Quantity than ever, it’s multiplied by an abnormally low Velocity, to the real supply is lacking.
Right now, Austrians like Hayek and socialists like Keynes would agree that our real money supply is actually at a traumatic low, because much of the quantity is sitting around, unavailable.
Let’s hear Hayek agree with Keynes, himself:
On the first issue — whether to use one’s money or whether to hoard it — there is no important difference between us. It is agreed that hording money, whether in cash or in idle balances, is deflationary in its effects. No one thinks that deflation is in itself desirable.
— Hayek in an open letter to Keynes, 1932, regarding how to respond to the Great Depression
Money, money, everywhere, but not a cent to spend.
Like the ocean in my favorite poet’s most famous poem, the money sitting around in banks is, ironically, unavailable for the real money supply.
Bernanke is trying to fix this, by temporarily buying up bonds and treasury notes, therefore bypassing the banks’ massive reserves, putting money directly in the economy.
For the moment, he is correct, that this isn’t boosting the real money supply, because so much of the money is lying salted in (virtual) bank vaults, useless.
Temporary Money
Now his critics, those who know enough monetary theory to understand about velocity the way you now do, say this doesn’t matter, because eventually the velocity will recover, and then we’ll have normal velocity times much more quantity. And that would mean inflation…there’s no way around that.
Bernanke would point out, correctly, that this is not correct, either…
See, the Fed doesn’t consider the money it is printing real. It is ephemeral, temporary money, like a Virtual Particle in physics…popped into existence for a bit, then gone.
And this is true:
When the Fed lends money to a bank overnight, the bank is required to pay it back the next day, plus interest. The same for its more recent, unhealthy bout of lending for thirty or ninety days…after that time, the bank pays the money back, with interest.
And when that money is paid back, it literally “vanishes”, into the “thin air” out of which it was created.
For now, the banks keep re-borrowing money, keeping the extra Quantity in a cycle…but when the Fed decides things are getting better, it can start making that borrowing less desirable, so banks re-borrow less, causing the Quantity of money to decline.
When it engages in Quantitative Easing (Bernanke hates that term, and calls it Credit Easing…bureaucrats love euphemisms), the same thing happens;
The Fed buys notes, adding money to the economy…but later it can SELL those notes, and destroy the money paid for them. It will probably sell them at a higher price than it bought, allowing it to actually destroy MORE money than it created, if it chooses.
So it could, in theory, keep the real money supply at a constant, stable level, allowing prices to be natural.
So Bernanke is Right, Everything Is OK?
Unfortunately…no.
The first problem is that Bernanke, and his peers, don’t understand some economic basics:
We’ve been very, very clear that we will not allow inflation to rise above two percent or less…We could raise interest rates in 15 minutes if we have to. So, there really is no problem with raising rates, tightening monetary policy, slowing the economy, reducing inflation, at the appropriate time.
Now THAT is the part that makes me gasp in horror…he thinks he can stop inflation in fifteen minutes? Doesn’t he know the fishtail effect?
Bernanke’s predecessor, Alan Greenspan, and the Nobel Laureate Chicago school economist Milton Friedman, both understood that when the Fed meddles with the economy, its effects take up to EIGHTEEN MONTHS to show up.
So the day that Bernanke decides “Oh, we’ve hit two percent inflation”, he will raise rates…and then inflation will KEEP GOING UP for at least the next eighteen months.
Eighteen months is a LONG time, in economic terms.
Fishtail Effect
It’s long enough that the Fed will become frantic, as its efforts fail to show any results…they’ll keep raising rates, selling notes and bonds, destroying money, until the economy finally seems to be turning around…weakening.
Then they will have overshot the actual mark by around 18 months. For the next 18 months the economy will KEEP getting worse, KEEP getting slower, until it enters into a recession. Because of the amount of money the Fed bubbled in during this depression, and has to suck out, it will probably be the worst recession since the Stagflation of the late seventies and resulting recessions, which were the worst in history.
It’s like when you are on an icy road, and you try to turn…the car doesn’t respond, so you turn the wheel more, and more…by the time the car responds, you’ve turned too much. You straighten the wheel happily, but the car KEEPS turning past where you wanted. So you turn in the other direction…but it keeps turning the original direction. By the time it responds, you turned too much the other way…et cetera.
This is the source of the modern “business cycle” of recessions, that have happened since the US left the Gold Standard in the 1930s. The Fed, and the rest of government, are constantly meddling with the economy, and then discovering the damage they did when it shows up years later, then reacting to that with even more damaging behavior, back and forth in an endless cycle of unintended consequences.
Now this has, up to now, been better than the “business cycle” of depressions and panics the US suffered from 1873-1933, when the US was on a fiat gold standard. But now we’re suffering a depression, despite being off the gold standard, so that’s all out the window.
What we need, of course, is for the Federal Reserve’s monopoly dollar to be replaced by a free market in money, as Friedrich Hayek proposed.
But, failing that, we need the Fed to at least go back to mostly staying out of the economy, as Alan Greenspan tried to do, instead of constantly expanding its meddling, as Bernanke has done, helping lock us into this cycle of economic devastation.
Those TSA Screeners Are Criminals

Ben Franklin was correct: To claim we should give up Essential Liberty to purchase a little Temporary Safety is Appeal to Cowardice
TSA Screeners, known officially as TSOs, literally are committing a crime when they randomly scan or search you. There are several reasons why this is so:
Just Obeying Orders
I have rapidly tired of Liberals, especially Neocons, claiming we should sympathize with the Transportation Security Officers (screeners), because (yes, real quote) “they are just obeying orders“.
Has our socialized education system so failed that nobody remembers when, in the Nuremberg war crime trials, people who said “we were just obeying orders” were executed?
Anything for a Job
“They have to do it, or they will get fired!”
If you take a job as a private delivery man, and then discover that your employer is using you for drug running, the government would require that you refuse, even if you will get fired.
Doing something that is criminal is not OK just because you want your job. Not even if your employer is the government.
Porn-and-Grope is Illegal
“But it’s a law”.
No, it is NOT a law. It is a REGULATION. Regulations are not laws. To even treat them like laws is unconstitutional.
But even if it were passed by congress as a law, it would not be real:
An unconstitutional act is not law;
it confers no rights;
it imposes no duties;
affords no protection;
it creates no office;
it is in legal contemplation,
as inoperative as though it had never been passed.
-Norton vs. Shelby County, 118 US 425 p.442
Because it violates the 4th amendment, part of the Bill of Rights, any rule requiring a random search is not a real rule at all. It has no validity.
Government Mafia
It is imposed only by threat of force, as any organized crime syndicate can do. When a government official violates the Constitution, he is nothing but a mobster, and has no more legitimate power or bearing on you than Al Capone’s hired muscle.
What’s more, it is literally illegal to randomly feel you up, in most cities with airports. Some actually are promising to arrest TSOs who try, if you call the police.
These TSOs are committing a crime each time they randomly search you. No constitutional law, or even regulation, supplies them with the power to search anyone without probable cause.
If the rule was that people behaving suspiciously, or otherwise giving cause to be suspected, had to be searched that would be legitimate. These random searches are not.
And anyone who engages in them is a criminal.
Why the TSA Screenings are Unconstitutional

It's not that the image shows your genitals to leering strangers that makes it obscene, but its violation of your 4th amendment protection against random searches
The 4th Amendment
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
Your prudism about being ogled by minimum wage goons who share pics and stories of your genitals with each other and post them on the Internet is not the biggest reason why the nude scanners and crotch gropings cannot be allowed.
It’s that they also violate your Constitutional rights. And that kind of violation, you must never tolerate.
The Fourth Amendment secures not only our external property, but especially our bodies against unreasonable search and seizure.
By “reasonable” the amendment says it means “with probable cause”, and this means government agents must suspect you, personally, of a crime or else they are not allowed to search you, no matter what.
The police are not legally allowed to search random the houses on your block, just in case they might find something illegal, and even the most law-abiding of us is glad our privacy is protected this way. And they cannot, for the same reason, search all people passing through the gates at the airport, just in case they might find something illegal.
Appeal to Cowardice
Big Brotherment tries to justify this violation of the Bill of Rights with Appeal to Cowardice:
“But aren’t you willing to put up with a little inconvenience, to be safer?”
But real Americans aren’t cowards. Even if the violation of your body were improving safety — and in real life, it does NOTHING for your safety — it would not be a tolerable reason.
The government could judge who seemed a threat, and search those people. That would be “probable cause”, valid under the Constitution.
Searching people at random, instead, violates the Bill of Rights, and helps the actually-suspicious people get through the line. If the searches could actually stop terrorists, the random nature of the searches keep that from happening.
They who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither liberty nor safety.
— Ben Franklin
Nobody honest, not even on the pro-TSA side, denies that these random searches violate the fourth amendment…they just claim that you should surrender this Essential Liberty, to try to gain a little temporary safety.
But real Americans aren’t cowards. This expansion of the Police State ends, here and now.
Thank Ron Paul, He Blew Up Congress
Remember, remember, the 2nd of November, when Ron Paul took back the House, as the next step in the movement that exploded on Guy Fawkes Day, 2007.
With all the hubbub about this election, there hasn’t been enough talk about how it happened:
How Ron Paul Restored Republican Principles (and/or Power)
Remember, the Republicans were stripped of power by the very same voters, just four years ago. What changed isn’t trust in that party’s old guard leadership, but the restoration of that party’s roots by the TEA Party.
The reason they’re getting it back started three years ago today, when Ron Paul stunned the political world with the massive success of the Money Bomb his grass-roots supporters spontaneously organized.
The Money Bomb
In a single day, these TEA Party predecessors raised $4,700,000 dollars for Ron Paul…more than any other Republican candidate. They chose Guy Fawke’s Day to symbolically represent how Ron Paul was to metaphorically blow up the corrupt, establishment government…probably inspired in part by the movie V, where the hero re-enacts that historic event in his fight against a repressive, tyrannical government.
This brought the liberty movement of Ron Paul to the attention of the “mainstream”, touching off a snowball of support for his campaign that, while not getting him nominated against the will of the establishment Republicans in Name Only (RiNOs), left him with a huge “war chest” after the primaries were over. He used this money to found the Campaign for Liberty, supporting the general liberty movement he had empowered.
Taxed Enough, Already
During his campaign, even before the Money Bomb, supporters started referring to their rallies as “Tea Parties”, some creating the backronym “Taxed Enough Already” to refer to their libertarian economic theme.
By 2009, these TEA Parties, with the support of Ron Paul-supporting groups like Young Americans for Liberty and his own Campaign for Liberty, had taken on a life of their own. As you know, that grew into the movement that people rallied around, and when that movement chose Ron Paul’s party for its candidates, the Republicans finally had an opportunity to return their party to its libertarian base.
They started as a fight against Democratic talk of raising taxes, fighting bailouts and “stimulus” spending, but got their greatest momentum fighting the socialized health care bill, which Ron Paul had opposed even back in 2003 when the Republicans were pushing socialized medicine.
Will It Stay True?
In 2010, of course, the neocons and other RiNOs saw the success of Paul’s movement, and started trying to hijack the TEA Party. They attempted to insert divisive social issues, like anti-Muslim fearmongering and hate, promotion of the drug war, et cetera…but it has not worked: This election was about the economy, smaller government, and other libertarian ideas that the Republican leadership has been forced to parrot, although their history is of doing even more harm to that cause than the Democrats.
The Tea Party movement started with Ron Paul, who is recognized even by his opponents as the most principled, honest man in Congress. It has overcome attacks by Big Government advocates on the “Right”, supposed leaders of the Republican Party and others, but has not lost its way, and almost singlehandedly won this election (except for help by the Democrats, in their own self-destruction).
Hopefully, it can continue to police the Republican party to stick to its base’s principles…or, almost everyone outside the Political Class agrees, the Republicans will have blown their last chance, and TEA will take its party elsewhere.
WARNING: Composting Increases Your Carbon Footprint!
We are slowly coming to face the fact that many trendy “green” things actually harm the environment, instead of helping it.
Unfortunately, some of us are not learning their lesson, and new “green” activities are being pushed that are just as lacking in forethought, just as harmful to the planet.
One perfect example of this is the new composting fetish:
It is actually better for the environment to throw away garbage, than to compost it, if you’re worried about greenhouse gases, instead of just wanting good, free fertilizer.
Composting Releases Greenhouse Gas
Carbon dioxide, methane, and nitrous oxide are the second through fourth most significant greenhouse gases, after water vapor.
The materials in a compost heap contain nitrogen and carbon, locked away from the atmosphere.
The act of composing specifically converts nitrogen into nitrous oxide, and carbon into prodigous amounts of methane and carbon dioxide. No actual environmental scientist will deny this. It’s just a fact of chemistry…the two links above are pro-composting, environmentalist organizations, yet they confirm this.
Just to be clear on this:
- Water vapor is the main source of the natural greenhouse effect, causing about 50% of all heat retention, depending on local humidity. All scientists agree that nothing humans can do changes the overall amount of water vapor in our atmosphere.
- Carbon Dioxide, CO2, is the next greatest source, producing about 20% of warming.
- Methane, CH4, is 30 times more powerful, but there’s less in the atmosphere, so it contributes about 6%.
- Nitrous Oxide, N2O, is THREE HUNDRED TIMES more powerful, but even rarer, producing about 2% of natural warming. The biggest impact we could have, if any, would be to produce more of this more powerful, less common gas.
To be clear, composting produces extremely high amounts of nitrous oxide, as well as large amounts of methane, and even under the best conditions, more CO2 than almost anything else, in your entire household.
Landfills Reduce Greenhouse Gases
On the other hand, if you were to throw those compostables away, they would probably end up in a land fill. Recently, environmental scientists have bothered to actually check, and have realized that, in fact, materials in landfills do not rot the way they normally would, because of the way they’re compacted together. The International Encyclopaedia of Environmental Laws, pointing out that paper and corn don’t rot in landfills, asks why one should even bother substituting paper for plastic, or “biodegradable” corn bags.
Again, those are environmentalists saying these things.
Environmental scientist and Green advocate Bill Rothje says that you can find readable newspaper that has been in landfills for at least 30 years. That means the carbon in newspaper (which comprises 19% of all landfill space) can be retained in the landfill for decades…or released into the atmosphere by composting.
So, according to Environmental scientists, trash in landfills is removed from the carbon/nitrogen cycle, staying out of the atmosphere. A landfill is, in fact, a tremendous REDUCTION in our “carbon footprint”.
In fact, next time you’re thinking about “recycling” paper, remember that this requires more energy, fossil fuel, and chemicals than making new paper…and that if you just throw the paper away, you’re removing its carbon from the atmosphere for the long-term.
It Gets Worse
Some governments are using taxpayer dollars to force the production of “worm composting”. Yet nitrous oxide is an inevitable by-product of worm composting. Remember, this is about 300 times more powerful a greenhouse gas than CO2.
Meanwhile, not only do landfills produce mainly methane, not Nitrous Oxide, but nearly half of the methane they produce can be captures for use as green energy. Methane engines simply produce water vapor as a waste product.
Jim Frederickson, senior research fellow at Britain’s Open University, says “”We need to investigate all alternative systems for greenhouse potential.
“The emissions that come from these worms can actually be 290 times more potent than carbon dioxide and 20 times more potent than methane. In all environmental systems you get good points and bad points.”
The whole “composting” craze, from expensive plastic countertop bins to government-mandated worm farms, is just another example of people not caring what is ACTUALLY good for the environment, but pushing any ill-thought-out plan down our throats.
It’s Not Even an Effing Mosque
The official story…to my puzzlement, not contradicted by even the people against it…is that some Muslims, who may or may not be secretly part of a terrorist organization or something, are building a mosque across from where the World Trade Center was destroyed by some Muslims.
If this were the truth, I’d be sympathetic with the hue and cry against it.
But it’s not. The above story is absolutely false, even in its basic facts.
It’s Not a Mosque
First, the Park51 building won’t be a mosque. It will be a “community center” that will contain, like a Catholic community center, a 500-seat auditorium, theater, performing arts center, fitness center, swimming pool, basketball court, childcare area, bookstore, culinary school, art studio, food court, September 11th memorial, and a prayer area. Sounds more like a YMCA, to me.
Now nobody calls a Christian community center a church, of course. Even though it contains a chapel, it’s simply not a church.
And an Islamic community center one is not really a mosque.
The People Building it Are Sufi
Pretty much all of the terrorist organizations in the world that are focused on the United States are Wahhabi, funded and trained by our allies in Saudi Arabia, and often closely coordinated with our allies in the Pakistani military.
Wahhabism is a crackpot fundamentalist version of Sunni Islam. Think of Sunni as being like Protestantism, a relatively liberal branch of the religion overall, and Wahhabism as being like the Protestants who dance with snakes and talk in tongues.
Meanwhile, most of the rest of the terrorist organizations in the world that are Islamic at all are Shi’ite. This is the largest of the three branches of Islam, and the most basic one, with an older lineage than Sunni Islam. Think of that as being somewhat like Catholicism…most Shi’ites are peaceful, but you have the crazies, like the Irish Republican Army is for Catholicism. You can’t really blame the rest for those nutjobs in the IRA targeting other peoples and religions.
And then you have the Sufi. These are a bit like the Mormons are to Christianity. They’re a “third way” sort of group, very peaceful and focused a lot on mysticism and spirituality, not the practical mechanics of the Big Two. No terrorist organizations, in the whole world, are Sufi. Some Muslims say they’re so different that the Sufi aren’t even Muslims, at all.
The people building the Park51 community center across from the World Trade Center are Sufi.
“Muslims” Didn’t Attack on 9-11, Specific Crackpots Did
Remember when those guys blew up a Federal building in Oklahoma City? The OKC Bombing?
They were Catholic. Did “Christians” blow it up?
What if people had then protested that a Mormon Temple couldn’t be built across from the ruins, because “Christians attacked us there, it’s adding insult to injury!”
Associating the Mormons with some Catholics (they were) who attacked America on that day would be insane. Since we understand Christianity here, we see that immediately.
But hey, at least it’d be an actual Mormon temple. This isn’t even a mosque we’re talking about here.
So OK, what if it was a YMCA (that’s the Young Men’s Christian Association), being built across from where the Irish Republican Army had slaughtered a bunch of Protestants?
Protesting because the YMCA is Christian like the IRA would be laughable…because we understand the huge difference.
Well, the difference between the Sufi community center and the Wahhabi terrorists is like multiplying the OKC/Mormon difference TIMES the IRA/YMCA difference.
Funny, both of the most obvious Christian Terrorist examples I came up with were Catholic. Does this mean Catholics are terrorists? Hopefully, you have enough sense to realize it has nothing to do with Catholicism, even though the IRA actually believe it does.
The same is true of even the two branches of Islam that have terrorists in them. But it’s triply true of the Sufi, THE ONE BRANCH, of the three, that has NO terrorist organizations at all.
Nobody wanted to build ANYTHING in that spot, from the day it was damaged by debris on 9-11, until these Sufi decided to build Park51, their equivalent of a YMCA, there.
And we’re going to throw a tantrum about it? We should be high-fiving them, instead.
Employer’s Right to Hire…and Fire
The job you really want, right now, is being held by some lazy, incompetent fool, whose boss wants to fire him…but cannot, thanks to people like Representative Steve Cohen, Democrat of Tennessee. In fact, Cohen probably identifies with the guy stealing your job.
This is because of the way government meddles with the hiring and firing of employees, now.
Involuntary Employers
Obviously, part of the problem is that it’s so hard to fire bad employees.
- First, ridiculous laws allow privileged groups to claim discrimination or mean treatment based on race, sex, lifestyle, or many other things, claims as vague and unrefutable as fake neck injuries…and just as indicative of the evils of lawyers and our corrupt legal system.
- What’s more, an employer is nearly as likely to be assumed guilty, by the public or the courts, as if accused of child molesting.
- The maze of what is a privileged group is so insane that the employer can’t guess WHO might turn out able to sue. Are you of a privileged lifestyle? A favored fringe religion? They’re not even allowed to ask…so EVERYONE is seen as a potential trap.
So the safe thing to do is just leave the bad employee in his job, and suffer the economic burden to the company (and therefore economy), spending even more money to work around the problem.
If only employers were free to fire bad workers, it would be easier for ALL workers to get jobs, and then prove themselves to keep them. Even if you lacked experience, an employer could feel free to take a chance on you, and see how you work out.
Forced Anonymity
Since you are banned from proving yourself on the job, you need to prove yourself before you’re hired, but when you first apply for a job, the employer knows nothing about you but some claims on a piece of paper. When he interviews you, he can ask questions that show how much you have memorized, and he can get an idea of how likable you are…but he still can’t know how you behave as an employee.
It’s to your benefit to be able to show a prospective employer what a great worker you really are, and the only really effective way to do this is through references.
But laws and our harmful legal system have made that almost impossible.
The references of bad former employees have to fear repercussions if they say anything bad about an employee…in fact, it’s considered increasingly dangerous to say anything NEUTRAL about an employee, as this has become a way of clearly not saying something good about him, to bypass the prohibition.
This means that anyone trying to call your references can’t really trust all your good reviews, so you’ve lost this tool for proving your value.
Know Your Associate
It is also illegal, effectively, to hire mainly people you know or have some social affiliation with, especially if most of whom you know are healthy, straight white males. You are required to have some artificial ratio of sex, race, sexual preference, even political viewpoint and other things, depending on how crazily PC your state is…and statistics say you won’t accidentally know exactly the right proportions of each, when thinking of what friends could fill that job opening.
This is unfortunate, because you have a better idea of the abilities of people you know, despite any biases you may have from friendship or other factors, than you could possibly know about strangers applying, especially under the current anti-reference conditions.
Another tool for finding a good employee, down the drain.
So employers are unable to screen workers well before they hire them, yet are trapped with the bad ones once they do.
Let’s Ban MORE Hiring Tools!

Not trying to prove the point by showing he's fugly, just want you to see who's attacking your right to win a job
As employers grow more desperate to find ways to pre-prove employees they are scared to hold to any standards once hired, some are resorting to running credit checks. Obviously, while it doesn’t directly show how they work, it increases the odds of knowing something about the character of the person. Not perfectly, but it gives them some chance to reasonably guess.
So you can’t prove your worth on the job, because the employer fears firing being stuck with bad workers.
You can’t prove how great you are with references, because it’s effectively illegal for them to be honest.
One of the few ways left is to allow a potential employer to run a credit check. Sure, it doesn’t show how you do a job, but there is some loose correlation between character and good credit. If your credit’s at least OK, the odds are at least somewhat better of you taking commitments seriously. And, anyway, it shows you have less incentive to steal from the company.
Having them run a credit check on you may be the thing that seals the deal.
But now, Representative Cohen and others like him want to ban even this entirely plausible hiring tool.
They literally want to make it illegal for you to give your job prospect permission to run a credit check.
Obviously, aside from how almost any intrusion in the free market causes harm, this is wrong. They want to deprive both you and the employer of one of the few remaining ways to prove you should be hired.
Why, we wonder, aren’t they instead trying to restore the other, better ways that were already banned?
If checking credit does not work well, it will die out with competition. If it works well, they have a RIGHT to use it.
Interestingly, the only employers I’ve ever had do a credit check on me were government agencies and their contractors….and this bill exempts those, as corrupt Congresscritters typically protect themselves from the bad laws they impose on us.
This bill needs to be stopped, and the current laws preventing good job matching need to be fixed.
Forget the Fed

The Federal Reserve, though bad, is a scapegoat, and ending it would neither reduce the deficit, nor rein in the printing of money
Among my political companions, “End the Fed” has been the hot, trendy thing for a while. This is mainly because Ron Paul correctly distrusts it, and has sponsored a bill to have it audited.
Now, I almost named this article Eff the Fed, because I, too, dislike it, and know it can never manage money properly…no government agency ever could. Instead of the a fiat dollar, we should have a free market in currency, like the Austrian economist Friedrich Hayek advocated . But when it comes to the fight to end it, there’s a problem.
The End the Fed crowd seems to think that getting rid of it is some magic bullet, that will accomplish all kinds of different things.
They believe it will:
- Bring back “sound money”, by imposing a gold standard.
- End the printing of new, extra money
- Restrain runaway government spending
- Prevent budget deficits
The problem is that ending it will accomplish none of those things.
In fact, it would probably make them worse.
Why?
Because the Fed isn’t what started those things happening, and none of them depend on the Fed’s existence.
Axe the IRS
In effect, fighting those things by attacking the Fed is like wanting to fight the income tax, and high taxes, by demanding “Ax the IRS”.
Obviously, we had taxes before the IRS, and we’d have taxes after it. In fact, the IRS was not created by the 16th amendment establishing the income tax, but five decades earlier, by Abraham Lincoln.
If we got rid of the IRS, we’d still have the income tax, and high taxes. Putting our time, energy, and money into attacking the IRS would be a waste of time, when we could have fought for actual tax reduction, reforming or ending the income tax, et cetera, directly.
What’s worse, the government would still want to oversee the taxes we failed to actually fix, and would probably end up using something worse than the IRS.
Well, all of this is true of the Fed, as well:
The Feds Don’t Need the Fed
The Fed and a Gold Standard are Compatible

Trade Dollars, coins minted in the US during the gold standard, in an attempt to offset a shortage of money
Ending the Fed won’t bring back a forced gold standard, because they are two unrelated issues.
We had both at the same time for decades, anyhow.
The US had a fiat gold standard from 1873, through 1934.
The Fed, of course, was established in 1913. It existed alongside the gold standard for over two decades. It helped cause the Great Depression while the US was on a gold standard. It created floods of new money in the 1920s, and drew down the money supply by 30% (which would cause any economy, at any time, to collapse) in 1929…both of these things while we were on the gold standard.
Congress Would Just Print More Money
Not only did we have a gold standard while we had the Fed, but we also printed fiat paper money when we did not have the Fed. The reason the dollar is sometimes called the Greenback, is that this was the nickname commonly used for the paper money common in the United States in the 1860s and 1870s, printed to finance the Civil War, known for its green ink .
Right now, the Federal Reserve is a bureaucratic middleman, standing between Congress and simply printing money willy-nilly. The Fed uses what are ironically called “mechanical” means, to create its electronic, funny money for banks. In other words, it has a set of rules that cause the money to be created according to some specific set of conditions, not simply all the money the government wants.
Without it, Congress will simply mandate the printing of more money, on its own, surely in accordance to its bloated, and ever-snowballing spending. They printed floods of extra money before the Fed, and would print it after.
As with the IRS, however it replaces the Fed (and, in a sense, it will have to) will probably be with a mechanism that is even worse.
The US government issued treasury notes, and created deficits in other ways, for the majority of US history where there was no Federal Reserve Bank, and would do it again without it.
Restrain the Deficits…How?
This is the silliest one, and speaks to an ignorance of how the Fed works.
The Federal Reserve certainly responds to some deficit spending by selling more treasury notes…but as with printing money and collecting taxes, this would happen whether the Fed existed or not. It simply is the middleman, again.
You might as well blame the mailman for delivering your bills.
A Big, Fat Windmill
The problem with Don Quixote attacking windmills wasn’t just that the windmills wasn’t only that the windmills weren’t actually dragons, harming people.
It was also that he was wasting the energy and time that could have gone into fighting actual bad causes.
And that’s what the End the Fed noise is doing. This energy could be spent fighting deficit spending directly, which has run rampant under Democrat and RiNO alike…or any of dozens of other issues of government abuse.
It’s Going Nowhere
Of course the last problem with tilting at windmills was that it was never going to get rid of them, anyhow.
The Federal Reserve is in no danger of being “ended”. Ron Paul is actually only sponsoring a bill to audit the Fed, which (unfortunately) will not even permanently open its records to the public, the way they need to be. It will do even less to “end” it, since government self-investigations only ever are used to create a pretense that a few new regulations have “put the problem behind us”, and things usually just get worse, thereafter.
A majority of Americans oppose the drug war. Nearly all Americans not directly on the government teat oppose its massive spending and deficits. But the mechanisms for keeping the Fed in place, on both the private and public side, are massive. Not only would getting rid of it have no more effect than axing the IRS, but it’s no more likely to happen.
How To Actually Fix Things
What we need to do, rather than waste our time tilting at the Fed, is to directly address the problems we’re using it as a whipping boy to attack, or at least focus on their actual sources.
For example:
Balance the Budget; A balanced budget amendment would stop massive deficits, rein in government spending, and eliminate much of the incentive to print money and treasury notes, under the current system.
Line-Item Veto; Giving the President the power to veto any specific detail in any spending bill would be a step in that direction, as well. This may need to be an amendment, too, in order to override corrupt Federal courts claiming that it’s somehow unconstitutional.
Pull the Pork; Rules against pork, against Congress specifying projects in detail intended just to send money to their own cronies in their district, would be devastating not only to spending (which, unfortunately, is more centered on entitlements), but also to motives to give officials legalized bribes like campaign contributions.
Or maybe something else, entirely…but, whatever is done, it needs to be done. We need to choose surmountable obstacles that will actually matter, not waste our effort and attention on some scapegoat, however undesirable it is. The Fed is a poster child for government’s destruction of finance and economy, but what we need now is real solutions, not symbolic gestures, however satisfying this one would be.















