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Mises Economics Blog

Justin Ptak Archive

Keynes and Penn Spread Teller's Wealth Around!

August 16, 2009 3:33 AM by Justin Ptak

Samuel Adams once expressed opposition to the redistribution of wealth stating:

"The utopian schemes of leveling, and a community of goods are as visionary and impracticable as those which vest all property in the Crown, are arbitrary, despotic, and, in our government, unconstitutional."

U.S. President Grover Cleveland once vetoed an expenditure that would have provided $10,000 of federal aid to drought-stricken Texas farmers. He explained to congress why such an appropriation of taxpayer money was inappropriate:

"I can find no warrant for such an appropriation in the Constitution; and I do not believe that the power and duty of the General Government ought to be extended to the relief of individual suffering which is in no manner properly related to the public service or benefit. A prevalent tendency to disregard the limited mission of this power and duty should, I think, be steadily resisted, to the end that the lesson should be constantly enforced that, though the people support the Government, the Government should not support the people. ... The friendliness and charity of our fellow countrymen can always be relied on to relieve their fellow citizens in misfortune. This has been repeatedly and quite lately demonstrated. Federal aid in such cases encourages the expectation of paternal care on the part of the Government and weakens the sturdiness of our national character, while it prevents the indulgence among our people of that kindly sentiment and conduct which strengthens the bonds of a common brotherhood."

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Bob Murphy On If The Devil Made Him Do It...

July 15, 2009 3:49 AM by Justin Ptak

http://consultingbyrpm.com/blog/2009/07/big-picture.html

While it's fun, geeky, and necessary to argue about credit vs. money, I think we should also occasionally take a big step back and look at the broad themes. In a recent post, I said that the best way to predict what was coming--and how to protect your household--was to imagine that you were in control of the world governments and central banks, and had no conscience. I challenged Robert Wenzel to throw us a bone, but apparently if you want something done...

One disclaimer before I get going. I am not saying the following are my official predictions, and of course a lot of what I do below is post-dicting (not predicting).

Continue reading "Bob Murphy On If The Devil Made Him Do It..." »

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Pirat Partiet!

June 9, 2009 4:19 AM by Justin Ptak

Sweden's Pirate Party has won entry to the European Parliament in Brussels in elections held Sunday.

The Pirate Party gained 7 percent of the Swedish votes and secured at least one of the 18 seats that Sweden holds in the parliament.

"Citizens have understood that it's time to pull the fist out of the pocket and that you can make a difference," Rick Falkvinge, leader and founder of the party, told the Swedish daily Svenska Dagbladet, after the result of the elections were revealed. "We don't accept to be bugged by the government. People start to understand that the government is not always good."

The Pirate Party is focused on three main goals: "to fundamentally reform copyright law, get rid of the patent system, and ensure that citizens' rights to privacy are respected."

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Property and Freedom Society '09
2009.06.07 | Comments (5)

The Fox Watching the Henhouse
2009.06.06 | Comments (3)

Goldberg Discusses Nock's Anti-Statism
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A Message to the New Hampshire Judicial System
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The Real Economists?
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The Public Intellectual and the Ghostly Scholar
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Return to the Gulag: Jon Basil Utley in the USSR
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Markets In Everything: Super Bowl Edition
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Let There Be Light!
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The Last Thing America Needs Is Another President
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O! Ye That Love Mankind! Ye That Dare Oppose Not Only Tyranny But The Tyrant, Stand Forth!
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No, The Stock Market Did Not Reach A New High
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Don't Vote!
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The State Tells You Who You Can and Cannot Talk To
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Single Family, One Country, a Whole Lot of Assets
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The Party of "Smaller Government" Keeps Growing
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The Artificial Trans Fats Revolution...
2006.09.27 | Comments (8)

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America: Freedom to Fascism
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Are Cities the New Countries?
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Do As I Say And Not As I Do
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In Praise of Private Philanthropy
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Copyright Intolerable
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