Category Archives: Free Markets

Beck Breaks From The Pack

Constitution, Foreign Policy, Founding Fathers, Free Markets, Glenn Beck, War, Welfare

The excerpt is from my new, weekly WND.COM column, “Beck Breaks From The Pack”:

“Not a week goes by when Fox-New phenom Glenn Beck doesn’t make libertarian pedants and purists bristle. Examples? The mushy slogan ‘Faith, Hope, Charity’ on which, Beck insists, the old republic was founded. I’m with Beck’s favored founder Ben Franklin who said that “he who lives upon hope will die fasting.”

Then there is charity: Americans hardly need a nudge in that direction as they are already abundantly charitable. Our countrymen are also constant in their faith ? to a fault perhaps, as too much faith in mystical forces beyond one’s control may compound feelings of helplessness.

Conversely, Beck could be more reverential in his approach to the free market to which the Talker often refers in rather pedestrian, almost statist terms. ‘It is the system that we have; it’s a system that works’ are refrains Beck is fond of repeating.

If instead of waxing fat about “Faith, Hope, and Charity” Beck built on life, liberty, and property,” his viewers would come to understand that the voluntary free market is a sacred extension of life itself. …

In the context of the man’s incalculable contribution to liberty, these are, all-in-all, minor quibbles—all the more so given that Glenn Beck has now taken his most significant step in defense of freedom and constitutional order. Beck has seen the writing on the tottering walls of Empire, and has dedicated himself to that humble foreign policy espoused by the founders. …”

The complete column is “Beck Breaks From The Pack.”

Read my libertarian manifesto, Broad Sides: One Woman’s Clash With A Corrupt Society.

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Aiming For … Argentina

Capitalism, Debt, Economy, Federal Reserve Bank, Free Markets, Political Economy, Regulation

“Argentina did not become relatively poor because of having been involved in destructive conflicts. It became poor because it has had a series of both democratically elected leaders and non-elected dictators who never missed an opportunity to make the wrong economic decisions,” writes Richard W. Rahn of the Cato Institute.

“A century ago, if you had told typical citizens of Argentina (which at that time was enjoying the fourth-highest per capita income in the world) that it would decline to become just the 76th richest nation on a per capita basis in 2010, they probably would not have found it believable. They might have responded, ‘This could not happen; we are a nation rich in natural resources, with a great climate for agriculture. Our people are well educated and largely descended from European stock. We have property rights, the rule of law and an open free-market economy.’

[Ilana Aside: You’re a naughty boy, Mr. Rahn. Do you mean to infer that the fact of European extraction is an argument for economic prosperity?! What a bad boy! ]

“But the fact is, Argentina has been going downhill for eight decades, and it has the second-worst credit ranking in the entire world… the Argentine government increased its interventions in the private economy. Juan Peron took over in 1946 and ended up nationalizing the railroads, the merchant marine, public utilities, public transport and other parts of the private economy. For much of the past half-century, Argentina has engaged in a series of erratic monetary policies, often resulting in periods of very high inflation and economic stagnation. Because of their political power, the unions have been coddled, resulting in unsustainable wage-and-benefit programs. Excessive government spending has caused recurrent fiscal meltdowns, where both foreign and domestic debt-holders have lost many of their investments.

According to the Economic Freedom of the World Annual Report (published by the Fraser Institute in cooperation with the Cato Institute and others), Argentina ranks 105 out of 141 countries surveyed. Similarly, the 2010 Index of Economic Freedom (published by the Heritage Foundation and the Wall Street Journal) ranks Argentina 135 out of the 179 countries surveyed. (The U.S. is No. 8 and falling.) ….”

Read the complete article at The Washington Times.

Update II: Toyota Triumphs

Business, Free Markets, Government, Propaganda, Regulation, Technology

THE MARKET HAS SPOKEN. Try as it may, the fascist state seems unable to mar a reputation earned honestly in the service of the only true democracy: the free market. The US government put Toyota through a shameful congressional inquisition. LaHood, of the Transportation Department hood, followed up with “the maximum penalty, more than $16 million, against Toyota for [ostensibly] failing to promptly notify the government about [so-called] defective gas pedals among its vehicles.”

Yet, “The world’s biggest carmaker saw US sales rise 41% in March from a year earlier. …”

Update I (April 6): Odd that despite repeated disappointments with the American vehicle, you guys keep buying the things. I’d buy an America car if I wanted what my father-in-law calls farm equipment. (He assembles classic Motorcycles—Triumphs, etc.—as a hobby.)

Update II: “Ford is reaping the benefits that go with being the only U.S. automaker not to take a bailout.” If by supporting American one is propping up big labor unions, inferior production and products, and corporate cronyism—count me out.

Ann’s Health-Care Plan

Ann Coulter, Free Markets, Healthcare, Liberty

ANN COULTER has a 1-page health-care plan she is practically begging Republicans to steal. Sadly, they are too statist and chicken to stand by freedom. When she’s good Ms. Coulter is very very good (and funny as no other mainstream columnist is):

“We can’t have a free market in health insurance until Congress eliminates the antitrust exemption protecting health insurance companies from competition. If Democrats really wanted to punish insurance companies, which they manifestly do not, they’d make insurers compete.

The very next sentence of my bill provides that the exclusive regulator of insurance companies will be the state where the company’s home office is. Every insurance company in the country would incorporate in the state with the fewest government mandates, just as most corporations are based in Delaware today.

That’s the only way to bypass idiotic state mandates, requiring all insurance plans offered in the state to cover, for example, the Zone Diet, sex-change operations and whatever it is that poor Heidi Montag has done to herself this week.

President Obama says we need national health care because Natoma Canfield of Ohio had to drop her insurance when she couldn’t afford the $6,700 premiums, and now she’s got cancer.

Much as I admire Obama’s use of terminally ill human beings as political props, let me point out here that perhaps Natoma could have afforded insurance had she not been required by Ohio’s state insurance mandates to purchase a plan that covers infertility treatments and unlimited ob/gyn visits, among other things.

It sounds like Natoma could have used a plan that covered only the basics – you know, things like cancer.

The third sentence of my bill would prohibit the federal government from regulating insurance companies, except for normal laws and regulations that apply to all companies.

Freed from onerous state and federal mandates turning insurance companies into public utilities, insurers would be allowed to offer a whole smorgasbord of insurance plans, finally giving consumers a choice.

Instead of Harry Reid deciding whether your insurance plan covers Viagra, this decision would be made by you, the consumer. (I apologize for using the terms “Harry Reid” and “Viagra” in the same sentence. I promise that won’t happen again.)

My bill will solve nearly every problem allegedly addressed by Obamacare – and mine entails zero cost to the taxpayer. Indeed, a free market in health insurance would produce major tax savings as layers of government bureaucrats, unnecessary to medical service in America, get fired.

For example, in a free market, the government wouldn’t need to prohibit insurance companies from excluding “pre-existing conditions.”

Of course, an insurance company has to be able to refuse new customers with “pre-existing conditions.” Otherwise, everyone would just wait to get sick to buy insurance. It’s the same reason you can’t buy fire insurance on a house that’s already on fire.

That isn’t an “insurance company”; it’s what’s known as a “Christian charity.” …

The complete column is “My health-care plan.” Read it on WND.COM, where you can read my take tonight on the latest developments. Title: “Heeere’s Health-Scare.”