Archive for December, 2009

When legislators stare down the executive…

This is how it looks like
Barack Obama, a Democratic president with a Democratic majority in the House and a Democratic supermajority in the Senate, cannot get socialization of healthcare passed! At least not easily.
Because the American people do not like it, or at least some Democrat congressmen think so.
Now there must be more debate. [...]

Quick thoughts on monetary policy

I have never understood one simple point – how can so called free marketeers defend fixing the price of money?
If they want to have government issued paper money backed by nothing, fine, then they must do two things – do not change its quantity (Except maybe adding a zero every ten or twenty years because of expected price deflation), [...]

Gandhi – a small government libertarian? – Part 1

“Among the many misdeeds of the British rule in India, history will look upon the act depriving a whole nation of arms as the blackest.”
“It is my firm conviction that if the State suppressed capitalism by violence, it will be caught in the coils of violence itself, and will fail to develop non-violence at any time. ”
“I look upon [...]

A hundred more Telanganas indeed

Ramesh Srivats has a great post on the Telangana issue

Okay, so Telengana will be a separate state. And if that’s what the people of Telengana want, what’s the big deal. Let them have it…a smaller state means that people come a wee bit closer to the government. It means a better chance of improved administration. [...]

How to prevent future crises – slowly tax debt, slowly de-tax equity

http://mises.org/daily/3898
http://mises.org/markets.asp
These graphs show what happened – private lending collapses, the government jacks up the monetary base (In the US in the last year, the monetary base has almost doubled from 600 billion dollars to 1100 billion dollars!)  to keep overall monetary supply from falling off the cliff. (Read “The origin of financial crises”, an awesome [...]

Limited government, limited philosophy

Libertarianism is not a philosophy concerned with comprehensive personal morality a la Randism – something which even many libertarians do not understand. More than a complete weltanschauung for the people, it is a limited political philosophy about the role of the state. So libertarianism says believe whatever you want to, but dont force it on others through the state.
Now that might [...]