Category Archives: Natural Law

Update II: You Can Check-Out Any Time You Like, But You Can Never Leave!’

Economy, Europe, Fascism, Government, libertarianism, Natural Law, Private Property, Taxation

Swiss bankers can no longer perform a function which in Switzerland is legal and commendable: helping private property owners shield their assets against legalized theft. The Swiss are not allowed to uphold victimless laws that contradict their ultimate sovereign: Uncle Sam.

YourMoneyInfo.com: “The Swiss laws do not consider tax evasion as a criminal offense. [They recognize that a man’s property is his and his alone?! Is this possible?!] The Swiss banks do not release the identity of the account unless the foreign government proves that the account holder has committed a crime. [Or unless pressured by big bully US, the protector of freedom the world over.]

The US has managed to dispense with the venerated traditions in the financial sector of an ostensibly sovereign state. I repeat myself, but next time you hear Messrs Hannity, Steyn and others of their ilk wax about the US being the last bastion of freedom, fire off a corrective email. Point out that our government lawyers have been prosecuting UBS AG, a Zurich and Basel-based financial establishment, and its American clients, for tax evasion. (You’ll probably be told that we should have declared war, or bombed Basel…)

When they are not bailing out failed financial institutions, our statists are bankrupting viable ones.

Recommended reading: “The War on Tax Havens”

And “Hotel California“:

Last thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
‘Relax,’ said the night man,
‘We are programmed to receive.
You can check-out any time you like,
But you can never leave!’

Update I: A “Robin Hood tax” they are calling it, and, no doubt, BHO will be on board: Under the guise of “sparing the taxpayers another massive public bailout of the financial sector,” the International Monetary Fund has “called for a financial stability contribution (FSC), which should be paid by all financial institutions, not just banks, and used to bail out weak and failing firms.”

Now note how these statists who are corralling us all into a big pen cleverly build their new scheme on a faulty premise: the idea that bailouts are a financial fait accompli. Since when? And who dictatorially decides to commandeer taxpayers monies to bail out financial institutions that ought to be allowed to fail? They do!

Update II (April 22): A correction to our reader hereunder: Neal Boortz is a “liberventionists”; “a statist, not a libertarian.” Anything he supports is usually an indication to the contrary

Update II: King Of Keynesians (Preaches To Commoners)

Debt, Economy, EU, Europe, Federal Reserve Bank, Natural Law

New York Times columnist Paul Krugman expresses the monetary policy of the US government, both Obama and his predecessor. If anyone doubts how progressive the US is, listen to Krugman (via Peter Schiff) berate “the monetary priggishness of the German heavyweights in the European Union, who are ‘foolishly’ seeking to prevent inflation [in the Greek debt crisis] and impose fiscal discipline.”

Krugman argues “that the best solution for Athens would be to simply inflate away its debt burden with printing press money. His theoretical justification is put forward in a familiar Keynesian recipe: deficit spending leads to inflation and growth, which leads to greater employment and rising GDP, which makes debt payments much easier to bear in relative terms. He laments that Greece does not control its own currency and is therefore unable to pursue such a policy on its own accord. He implores U.S. policy makers, who do control their own monetary policy, to take heed of the danger and avoid such a course.

In simple terms, Krugman believes that inflation is the best cure for burdensome debt problems.” …

Peter Schiff, always worth reading.

Update I (April 12): Keynes’s theory is not economics, but politics. He came to dominate political platforms by opposing free trade, balanced budgets and the gold standards, and by proposing economic management and interventionism through busting the budget. His devotees are indeed pimps to the political class, with no fealty to or familiarity with the laws of economics.

Update II (April 13): WHEN KEYNESIANS PREACH TO COMMONERS. “Fed’s Bernanke stresses need for financial literacy”:

“Many American families are struggling in the aftermath of the financial crisis, which reinforces the need for reliable and useful information to facilitate good financial choices,” he said in remarks prepared for delivery to the National Bankers Association Foundation.

If applied by the Little Man, literacy such as the Chairman’s would imply endless spending financed by the counterfeiting of funny money.

The Defunct Foundations Of The Republic

Classical Liberalism, Constitution, Democrats, Founding Fathers, Individual Rights, Natural Law, Reason, Republicans

From my new, WND.COM column, “The Defunct Foundations Of The Republic”:

“In the course of the agonizing debates over the soon-to-be-merged Senate and House health-care bills, Republicans cried out for partisanship, griped about procedure and said next to nothing about principles, an accusation that cannot be directed at the Democrats.

‘Health care in America ought to be a right, not a privilege,’ thundered Sen. Christopher J. Dodd. The Democrat from Connecticut was expressing sentiments that are par for the course in Democrat discourse.

Nancy Pelosi’s core beliefs vis-à-vis conscripting individuals into buying (or providing) a commodity at the pains of punishment came across loud and quirky. When the House passed its hulking health-care legislation, the speaker was asked where in the Constitution is the warrant for individual health mandates. Pelosi’s response was for posterity. ‘Are you serious?’ she shot back.

No, Democrats are not in the habit of hiding how they feel about the US Constitution.

As much as he dislikes the philosophical foundations of the republic, the president seems to know – and prattle – about them more so than do the Republicans. Here’s Sen. Barack Obama talking about the document Republicans discount and Democrats deem dated”…

The complete column is “The Defunct Foundations Of The Republic.”

My libertarian manifesto, Broad Sides: One Woman’s Clash With A Corrupt Society, is back in print. The Second Edition features bonus material. Get your copy (or copies) now!

A Happy New Year to all,
ilana