Euro-Bondage

Debt, Economy, EU, Europe, Federal Reserve Bank, Inflation

If European Keynesians—the “fattened aristocracy of economic experts”—have their way, northern Europeans will soon be working for Southern Europeans (the more productive Europeans are already subsidizing and bailing out their profligate neighbors). Angela Merkel and Nicolas Sarkozy will have to resist “the idea of collective liability, often referred to as ‘eurobonds,’ [which] has been floated various times since last year.” “A full fiscal union, underpinned by eurobonds,” is tantamount to full-throttle debt monetization, in conjunction with a policy of inflating the currency in-unison.

Merkel’s Finance Minister Wolfgang Schäuble is working against the better instincts of his Boss (Merkel) and supports an integration of Europe’s “national economic policies,” so that they can “act as a single borrower.”

Conservative politicians in Germany and other northern European countries have previously dismissed the proposal as a violation of the European ideal, in which countries cooperate but remain responsible for their own fiscal affairs.

In the prescient “Adieu to the Evil EU,” you an read a better description of what the EU (generally supported by American neoconservatives) aimed to achieve. And has pretty much accomplished.

The EU “endeavors to herd Europeans by stealth into a supranational European State and… block off all the exits. This it intends to achieve by rigid central planning and harmonization of laws across the continent. In the absence of political and economic competition, the bureaucrats of Brussels will be free to rule and regulate; tax and inflate the money supply at will. This is what the rejectionists, including the cheese eating surrender monkeys, have defeated…for now.”

As I wrote in 2005, “An overarching tier of tyrants—the EU—to European governments will benefit Europeans as a second hangman enhances the health of a condemned man.”

UPDATED: Republikeynesians Pretend They’re Not Sidelining Paul

Barack Obama, Debt, Democrats, Economy, Elections, Federal Reserve Bank, Foreign Policy, Israel, Republicans, Ron Paul

Megyn Kelly interviewed Ron Paul about the snubbing he has received from the “mainstream media.” “RepubliKeynesians” have been front-and-center in a concerted attempt to ignore Ron Paul’s showing in the 2011 Iowa Straw Poll. One could say that Paul jostled with Mrs. Bachmann for first place, given the 152 votes that separated the two.

Paul sounded strong in the Kelly clip, which has not come online yet. (And he reiterated these Israel-related points, which was gratifying, of course.)

Here is the often dazzlingly brilliant Jon Stewart “savaging the media for treating Paul like he’s the ‘thirteenth floor in a hotel.'” (Via the NYT)

UPDATE (Aug. 17): Jon Stewart is often brilliant, but he is no classical liberal. He’s an economic ignoramus. Classical liberalism is first and foremost about the freedom to make a living. Stewart knows squat about such freedoms.

UPDATE III: Rick Perry: Bush Only Prettier (Or Palin Without the Bra)

Bush, Elections, Republicans

William N. Grigg puts Rick Perry in perspective: “Why doesn’t everybody admit that the figure known as ‘Rick Perry‘ is simply Josh Brolin’s version of George W. Bush?”

Another way I’d describe Perry: Palin without the bra.

I imagine that Perry and Sarah Palin get on well.

UPDATE I: In reply to an unruly fight talking place on my Facebook Wall between neoconservatives and libertarians:

“First of all, Michael Farris, you failed to transcribe my facebook Wall post accurately; it’s ‘Palin without a bra.’ You misquote me, even though my post is above yours, more or less. No wonder you were too slack to look over my Articles and Blog Archives for my GOP ticket proposal. I’ve spilled plenty pixels over the past two years making practical proposals that comport with my principles, but are not way out in libertarian wonderland. Finally, all of you: keep a civil tongue in your head. I’m going to remove rude posts”

UPDATE II: SB: But all you are talking about is style, not substance. What about Perry’s policies? Have you examined the political similarities between Bush and Perry? (Btw, we libertarains cheered Bush when he started out. That was b/c he too waxed fat about the evils of big government and promised a humble foreign policy.) What you say here makes one thing plain: Give him the gift of the gab and a better face than the Ewok Bush, and a Republican estalishmentarian masquerading as a conservative will win you over. Never mind his political proclivities.

UPDATE III (Aug. 16): Mrs. Greenspan to the Rescue! Posted by Christopher Manion, at LRC.COM:

So let me get this straight. NBC news opens with the taxpayer-funded ObamaBust tour. Obama blows off a Tea Party guy who doesn’t like Joe Biden calling him a terrorist, and then unctuously schools Rick Perry for calling Bernanke a potential traitor (but they never mention why. Forbidden word: Inflation).
Apparently, Perry has purloined Ron Paul’s view of the Fed. Good for him. But not for Mrs. Alan Greenspan (a.k.a. NBC’s Andrea Mitchell), who parades an Obama spokesman and establishment Hot Tubber Karl Rove as the voices of reason — how dare anyone endanger the Fed’s “independence,” Mrs. Greenspan wails. (I am not making this up.)

MORE.

American Renaissance Review

Democracy, Ilana Mercer, Literature, Political Economy, Political Philosophy, South-Africa

Dr. F. Roger Devlin has reviewed “Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa” in the August 2011 issue of the American Renaissance. Dr. Devlin’s review is not a critical review, but a contents-driven one. And a good one at that, as he distills the facts of the book at a furious pace. Intelligently so too.

Unlike the many factoids that marred the skewed, diasporic, Jewey emphasis (utterly absent in my book) of Prof. Paul Gottfried’s review of “Into the Cannibal’s Pot” (a copy of which was captured here on BAB), Dr. Devlin cleaves to the facts of the book. (Incidentally, rather than correct the Gottfried review so that it vaguely captured “Into the Cannibal’s Pot’s” impetus, the reviewer and editor showed their “courtesy” by simply removing the thing from Taki’s Magazine. My mother used to use the adjective “peruvian” to describe incivility. I believe that word was removed from the dictionary because politically incorrect.)

In any event, unexamined in Dr. Devlin’s review are interwoven points of political philosophy. What do I mean? As a classical liberal, for example, my complaint against apartheid is not that it “disenfranchised” or “denied the majority its democratic rights,” since “citizenship rights, after all, are not natural rights.” Rather,

It is natural rights that the law ought to always and everywhere respect and uphold. In its police state methods—indefinite detention without trial, declarations of a state of emergency—apartheid destroyed the individual defenses of equality before the law, the presumption of innocence, habeas corpus and various other very basic freedoms. That the apartheid regime contravened natural justice by depriving Africans of rights to property and due process is indisputable as it is despicable. Nevertheless, denying people political privileges does not amount to depriving them of natural justice.

(Into the Cannibal’s Pot, 2010, p. 231)

Dr. Devlin’s tack is conciliatory and is perfectly congruent with AR editor Jared Taylor’s surprisingly non-confrontational, data-driven journalism. (I intend to post about Mr. Talyor’s latest book at a later date.)

Perceptively, Dr. Devlin highlights one of the crucial points my book makes about democracy:

A prerequisite for parliamentary democracy is that majority and minority status should be fluid—that the ruling majority party should, at each election, be almost as likely to become a minority as to retain its majority. In a multiracial polity this does not happen. Parties represent racial groups rather than different philosophies of government, and elections become racial headcounts.

You can order this issue of American Renaissance here, where Dr. Devlin’s review is summed up as follows:

In Into the Cannibal’s Pot, author F. Roger Devlin reviews an important new book by columnist Ilana Mercer entitled Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa. Mrs. Mercer, a South African emigré, has sounded a ‘fire bell in the night’ with her sobering analysis of a once thriving First-World nation that is now descending into the abyss of savagery, genocide, starvation, and hopelessness. Mr. Devlin also summarizes her critique of raw numerical democracy and her effort to set the record straight on the Apartheid system—and most poignantly, her warning to the people of the United States.”