Targeting Earmarks

the anti-earmarks issue is a fraud. It’s a neocon trick, pushed by the Club for Growth and similar groups. It’s a way for the neocons to seem to be against spending while not actually being against it, and it’s a way to strengthen the presidential dictatorship against the legislature. Once again, earmarks are not spending; they allocate spending, to local pork rather than presidential pork. Ron Paul, of course, does it right. He is willing, as a representative, to request earmarks in appropriations for his constituents’ local projects, but votes against the spending itself.

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The Anti-Fed Movement

Here’s an interesting piece from WaPo-owned Slate on the anti-Fed movement, which includes trimmers and phonies as well as the real deal. The good guys mentioned include Ron Paul, Jim Grant, Kevin Duffy, and the godfather, Murray Rothbard. Thanks to Bethany McLean for this sentence:

Murray Rothbard, the controversial libertarian economist who many consider the intellectual father of the anti-Fed movement, wrote in 1994 (The Case Against the Fed) that if the Fed were to be abolished, then “the banks would, at last, be on their own, each bank responsible for its own actions. There would be no lender of last resort, no taxpayer bailout [italics mine].”

Now, “controversial” typically means Don’t Read, but Murray’s genius, productivity, and writing ability have made him a colossus 15 years after his untimely death. He was always that, of course, but now people recognize it, in the freedom movement and the Austrian School, which is at its core Misesian-Rothbardian. Thanks to the Mises Institute, all Murray’s works are available for free on the web, with more to come.

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Is a Balanced-Budget Amendment Desirable?

Actually, it’s just Republican eyewash, since the federal government does massive “off-budget spending.” That is, the official deficit is always far smaller than the increase in the national debt. I do not believe there is any political solution to what the evil entity in DC has foisted on us, nor am I fan of process…

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They All Want Your Money

Is “I Want Your Money” a truth-telling slogan of neocon Republicans? No, it’s their charge at liberal Democrats (who also want your money and have made their own lying films by the boatload) in a new agitprop documentary. The movie features a cast of thousands, or so it seems, of big-government conservatives, and the trailer opens with…

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The Killing and Reviving of the American Dream

USA Today loves to run lifestyle features that purport to show how we are living, what we are doing, what we like and what we don’t like – premised on a collectivist assumption that all our preferences can be tracked and characterized with these aggregate claims. Most of the time, these features are silly. It’s…

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