Thursday, January 21

Day: October 16, 2020

The Nature of the Federal Government
Tenth Amendment Center

The Nature of the Federal Government

by Mike Maharrey We have flipped the American constitutional system on its head. It operates exactly the opposite of how the supporters of the Constitution said it would. So, what type of government did the Constitution create? Is it powerful or weak? Is it expansive or limited? How much authority does it wield? Can it act in any situation, or does it have a limited sphere? How you answer these questions will shape your view of American government and guide your understanding of every clause in the Constitution. During the Philadelphia Convention, many framers favored a strong national government. In fact, James Madison even proposed a federal veto on state laws. But as the convention wore on, delegates voted down proposals to create a centralized government one by one – inclu...
Rand Paul Is Right about the Nazis and Socialism
Mises Insitute

Rand Paul Is Right about the Nazis and Socialism

by David Gordon In "No, the Nazis Were Not Socialists," which appeared online in Jacobin, the philosopher Scott Sehon makes a surprising claim. In the course of criticizing some remarks by Senator Rand Paul, Sehon says, Paul seems to quote the mid-century economist Ludwig von Mises:Under national socialism there was, as Mises put it, "a superficial system of private ownership…[sic] but the Nazis exerted unlimited, central control of all economic decisions." With profit and production dictated by the state, industry worked the same as if the government had confiscated all the means of production, making economic prediction and calculation impossible.…It turns out that Paul's most clear assertion about Nazi control of the economy was, apparently, just something tha...
Mask Wearing and ‘Social’ Distancing Compliance Is a Threat to the Individual Sovereignty of All
Gary D. Barnett

Mask Wearing and ‘Social’ Distancing Compliance Is a Threat to the Individual Sovereignty of All

by Gary D. Barnett “Liberty, then, is the sovereignty of the individual, and never shall man know liberty until each and every individual is acknowledged to be the only legitimate sovereign of his or her person, time, and property, each living and acting at his own cost.” ~ Josiah Warren, “Equitable Commerce”. Book by Josiah Warren, 1848. The essence of freedom is based on individual sovereignty, while the essence of servitude is based on compliance and obedience to false authority. Any claimed authority is illegitimate if it is not voluntary, and therefore administered by force. That means that all government authority is improper unless each and every individual agrees with that governance, and also has the ability to throw it aside, and leave at any time of his choosing. ...
Central Banks and the Problem with Playing God
Mises Insitute

Central Banks and the Problem with Playing God

by Pascal Hügli Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even outright resentment. Public trust in government is near historic lows, and pillars like the media or democracy are suffering from a loss of confidence. But one modern institution seems to be standing as strong as ever: central banks. Although their role has changed significantly over the course of a few decades and their mandate has been infringed on more than once, they are still met with a high level of trust by financial experts, economic actors, and investors. With every looming crisis heating up, global liquidity is seeking refuge in government bonds and cash, while central banks are being called for i...