mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

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 Post subject: The Intellectual Paralysis of Statists
PostPosted: 01 Oct 2009, 6:05 am 

Joined: 29 Jan 2008, 6:06 pm
Posts: 731
The Intellectual Paralysis of Statists

Jacob G. Hornberger wrote:

A standard liberal argument for opposing the occupations of Iraq and Afghanistan is that if the federal government wasn’t spending so much money over there, it could afford to pay for a national health-care program.

Conservatives look at it the other way around. If Barack Obama wasn’t spending so much money on federal welfare, the federal government would be better able to maintain its overseas empire.

And then there are those many liberals and conservatives — I’d venture to say most — who say that the federal government should do both — spend money on both socialism at home and imperialism abroad. The federal government is rich, they say, and is able to afford all of this, notwithstanding the already high level of taxes, debt, and inflation.

This is what passes for debate in both the mainstream press and on the television talk shows. Conservative and liberals present “opposing” views, arguing over how the federal government should spend “its” money. And newspaper editors and talk-show hosts eat it up because they’re presenting a “lively” debate that shows “both” sides.

What a crock all this is!

How often do you ever see the mainstream media and the television commentators presenting the libertarian view? Hardly ever. Why is that? For two reasons: One, as statists they are absolutely terrified over the fact that libertarianism is a growing phenomenon but, more important, they simply lack the competence to counteract libertarian arguments in a substantive way.

It’s really not difficult to participate in the conservative vs. liberal debate because they both accept the same core premise: that a legitimate role of the federal government is to tax people’s income and spend the money on socialist, regulatory, or imperialist programs.

Thus, the argument between conservatives and liberals ultimately boils down to how the federal government should spend money that the IRS has forcibly taken from the citizenry.

Conservatives argue that people’s money should be spent this way, and liberals argue that it should be spent that way.

Yawn! How boring is that?

Now, consider the libertarian argument: People should be free to keep their own income and decide for themselves what to do with it. No more income taxation, IRS, or income-tax returns.

That also means no more federal welfare programs and regulatory programs, especially the drug war. It also means no more overseas military adventures, invasions, wars of aggression, occupations, foreign aid, and foreign wars.

How do liberals and conservatives, the mainstream media, and the talk-show hosts handle these fundamental libertarian principles? They don’t. Quite honestly, they lack the intellectual ability to take on libertarians. Having grown so accustomed to “debating” domestic issues and foreign-policy issues at the conservative-liberal level, they are lost and befuddled when dealing with libertarianism at a fundamental level. That’s why you often see them limiting their attacks to such snide or superficial statements as “Libertarians are whacky” or “Libertarian ideas aren’t mainstream.”

Consider the health-care debate. The liberals favor some sort of federal health-care plan. Conservatives oppose that but want to keep Medicare and Medicaid in place. So, the “debate” is actually over how much the federal government should be involved in health care.

It’s difficult to get a more boring debate than that.

Enter the libertarians. Abolish Medicare, Medicaid, health-care regulations, and occupational-licensure laws. Separate health care and state as fully and completely as our ancestors separated church and state. End all government involvement in health care. Leave people free to keep their own money and handle their health care. Totally free the health-care market for both the consumer and the producer.

“Oh my gosh!” the statists cry. “That’s so radical. That’s so whacky. That’s so non-mainstream.”

But that’s generally their only line of attack. Having grown accustomed to “debating” which form of statism Americans should embrace, the statists simply lack the competence and expertise to defend their statism against the free-market arguments presented by libertarians, both at the moral level and the practical level.

Hornberger’s Blog Archives

Jacob Hornberger is founder and president of The Future of Freedom Foundation, publisher of Your Money or Your Life: Why We Must Abolish the Income Tax by Sheldon Richman. Send him email.

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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.

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