Seems like these days I hear a lot of whiney whiners whining about “out of control government spending” and “insane deficits” and such, trying to make hay out of a bunch of pointy-head boring finance hooey. Sure, $3.7 trillion of spending sounds like a big number. “Oh, boo-hoo, how are we going to get $3.7 trillion dollars? We’re broke, boo-hoo-hoo,” whine the whiners. What these skinflint crybabies fail to realize is that $3.7 trillion is for an entire year – which translates into only a measly $10 billion per day!
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
Not so long ago, writers, editors, concerned world citizens and deep thinkers of all kinds were consumed with the idea of a coming global catastrophe that seemed implacable and virtually unavoidable. When it comes to covering today’s debates on global warming, we might want to take a step back and recall this earlier, somewhat chillier 1980s obsession with the fate of the earth – that is, of course, The Fate of the Earth, the title of a three-part series by Jonathan Schell first published in The New Yorker, then republished as a popular book by Alfred A. Knopf in 1982.
Who is John Galt? When he says that he will stop the motor of the world, is he a destroyer or a liberator? Why does he have to fight his battles not against his enemies but against those who need him most? Why does he fight his hardest battle against the woman he loves?
We must re-define the scope of government. The original idea of America was to have a strong but very limited in scope Federal Government. The Constitution laid out clearly what the scope was to be and it is a small fraction of what it has evolved into today.
There is no question that as time goes on there are new issues that arise because of new problems and technologies, but the inherent and legal philosophy can and should still be used to make the determination on whether it fits into the federal government’s proper role to manage these things. If it is something that falls outside of what the constitution allows, they either must not do it or we change the constitution to accommodate this new responsibility. The reason this is so important is not just because one is a stickler for the letter of the Constitution but because Governments, unless strictly held in check, only grow over time.
The legendary PBS TV series “Free to Choose” (1980) by Nobel Prize-winning economist Milton Friedman is now available on Google Video for free (by courtesy of the Palmer R. Chitester Fund).
Finally, here is an edition of Road to Serfdom that does justice to its monumental status in the history of liberty. It contains a foreword by the editor of the Hayek Collected Works, Bruce Caldwell. Caldwell has added helpful explanatory notes and citation corrections, among other improvements. For this reason, the publisher decided to call this “the definitive edition.” It truly is.
Capitalism.org is the website for the moral social system: laissez-faire capitalism.
1. What is capitalism?
Capitalism is a social system based on the principle of individual rights. The term capitalism is used here in the broader philosophical political sense, and not in the narrower economic sense, i.e. a free-market.
On November 2, 2010, the liberals suffered a defeat at the hands of the people over their policies implemented over the last two to four years. As a result, Many Republicans and Tea Party supporters are jubilant in their celebration, and even the often morose Glenn Beck has been heard to be excited about what he calls a turning point. However, the cold, hard reality is that liberalism suffered a defeat but not a crushing one, and the war is far from won. In the past, victories in these minor skirmishes have resulted in people becoming complacent. The battles that are not making the headlines in the war on freedom continue to rage despite the victory.