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The Flight of the Barbarous Relic  
"Virtually everything every American needs to know about the Federal Reserve, fiat-money central banking, and monetary history" in novel form.

Demagogue's Survival Guide
Since you're in politics, you're seeking legally coercive control...

State Treachery
... a strong distrust of government is indigenous to the American character.

 

                                 

 

 

"Degeneracy is here almost a useless word.  Those who are conversant with Europe would be tempted to believe that even the air of the Atlantic disagrees with the constitution of foreign vices; if they survive the voyage, they either expire on their arrival, or linger away in an incurable consumption.  There is a happy something in the climate of America, which disarms them of all their power both of infection and attraction."
 Thomas Paine, The Magazine in America, January 24, 1775

Austrians Remove the Burden of Fear
Bad ideas are sometimes the hardest to de-throne.  It’s probably accurate to say most people think of money as the paper currency printed by governments.  And it is money in the sense that it functions as a medium of exchange, but is it sound, is it vulnerable to inflation?  Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?
Full Article

From "golden fetters" to handcuffed investors
"The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves." - Alan Greenspan, 1966
If investors attempt an alternative such as purchasing physical precious metals, the government will either restrict those activities or abolish them.  One way or another it will see that it has the "captives" needed to pay its bills.
Full Article

That Other Invisible Hand
As Adam Smith explains, the free market brings its wonders to the world by virtue of an invisible hand.  Individuals cooperating under the international division of labor and seeking generally to satisfy their own wants end up promoting the general welfare, often without intending to or without realizing it.
Full Article

The Triumph of the Bankers

In spite of its success in bestowing wealth on some men while funding an unnecessary war, [1] the National Banking System proved unsatisfactory to financial leaders.  (See “Who Paid for the Civil War?”)  Even with laws discouraging or restricting redemption, crises still occurred, and banks had to contract and deflate to survive. 

Full Article

 

Central Banking Quicksand

The German hyperinflation was one of many runaway inflations of the last century.  Hungary, China, Bolivia, Argentina, Peru, Brazil, Russia, Austria, Poland, Greece, and the Ukraine, among others, all experienced hyperinflations in varying degrees.  But the worst case of monetary destruction happened in Yugoslavia from 1993-1994.

Full Article

 

Who Paid for the Civil War?
When war broke out in 1861, the federal government was without its own money machine, though that would soon change. As expenses from the war mounted, the U.S. government once again issued Treasury Notes to help finance it. The Act of July 17, 1861 authorized Secretary of the Treasury Salmon P. Chase to issue notes at 7.30%, a rate chosen to make interest calculation so easy they... Full Article

 

Wildcat Inflation Fighter

Though banking and government have had a corrupt relationship throughout history, the Suffolk Bank and Independent Treasury System, both of which were prominent during the “wildcat banking” era of the 19th Century, represent significant efforts at reform.  Full Article

Inflation Inferno I
Governments and bankers hate gold because its supply cannot be inflated on command. They work hard to establish and retain a monetary system under their control that can respond quickly to their demands for inflation — or what today is called "accommodation."Full Article

Thomas Paine, Liberty's Hated Torchbearer
As the 18th century's most influential political pamphleteer, Paine's reputation was born with the American Revolution he was largely responsible for creating, and he wanted to spend his last years among people with whom he shared a passion for liberty. Full Article

Pens for Hire, Cheap
No one traveling in hostile country should ever be without reliable protection. When the territory in question is intellectual, it always helps to have the aid of fighters who've been there before. In fact, two of the most seasoned pros are yours for only the cost of the effort required to understand their arguments. Fortunately, these straight-shooting writers have made that cost minimal.

I'm speaking of Thomas Paine (1737–1809) and Frederic Bastiat (1801–1850). Full Article

The Ghost of Dred Scott

“The government gives [blacks] the drugs, builds bigger prisons, passes a three-strike law and then wants us to sing ‘God Bless America .’  No, no, no, God damn America for treating our citizens as less than human.”  [198]  

Such were the words of the Reverend Jeremiah Wright as he addressed the congregation of the mostly black Trinity United Church of Christ in southside Chicago on April 13th 2003 .  As the world has since learned, one of his parishioners was Barack Hussein Obama II.  

Many people were shocked at Wright’s rhetoric, believing racial diatribes were mostly behind us.  But as Judge Andrew P. Napolitano explains in his latest book, Dred Scott’s Revenge: A Legal History of Race and Freedom in America, Wright’s comments are one of the predictable outcomes of government’s sordid history of race relations.  

Shays Fought the Revolution's Final Battle, and We Lost
Shays’s Rebellion, then, went from a problem to an opportunity.  It was used by certain elites to pry Washington from retirement and send him to Philadelphia, where his status as America’s foremost icon bestowed a noble splendor on their power grab. 

Season's Greetings from the Fed
Most people view the Fed as our tireless public servant promoting a stable economy and fighting the curse of inflation.  The truth is the exact opposite.  The Fed is solely responsible for inflation and has caused economic havoc since its inception.

A Long Time Ago in Boston - Part III: The Final Crisis Before War
At a large meeting on December 16, people in the Boston area learned of Hutchinson’s injunction disallowing the Dartmouth to sail home. Angry speeches were made, and after a signal from Adams, a disciplined group of Sons of Liberty disguised as Mohawk Indians rushed to Griffin’s Wharf and methodically dumped the tea from all three ships into the Boston harbor.

A Long Time Ago in Boston - Part II: The British Send in Troops
Insults were exchanged, then the citizens starting hurling chunks of ice at the soldiers.  Someone shouted 'Fire!' and a ragged volley of gunshots cracked the night air.  The crowd panicked and broke up. Four men lay dead on the ground, with others staggering or crawling off wounded.  Adams later called it the Boston Massacre.

A Long Time Ago in Boston - Part I: The Rise of Otis and Adams
It’s hard to imagine the United States existing without James Otis and Samuel Adams.  It was Otis, in fact, who got the Revolution underway in a marathon courtroom speech in 1761.  But it was Adams who carried his contemporaries home, the man perfectly suited to lead a revolt.

A Firebrand Scorches Colonial Virginia
The man of “Give me liberty or give me death!” fame was once lost among the obscure.  Like Thomas Paine and Samuel Adams, Patrick Henry had failed at just about everything...

The Roots of Thomas Paine's Radicalism
Indeed, without the words of Paine, the words of Jefferson six months later might never have been, and the American cause might have collapsed...

The Day Liberty Rose From a Long Slumber
Americans once defended their liberties with acts of violence directed at the offending source, the British government.   The Crown got a strong dose of it on the fourteenth of August, 1765.

Your Money or Your Life: Why We Must Abolish the Income Tax
There’s nothing like crisis to expand state power, and there’s no crisis like war.  Thus, it is no surprise that an income tax was first proposed during the War of 1812, and then not one, but six income tax bills passed during Lincoln’s war.

Thomas Paine on War and Taxes
Paine’s reply was Rights of Man, which eventually earned him an absentia conviction of seditious libel in England. Though parts of it delve into welfare and social security proposals, there is much in it that libertarians can treasure.

Thomas Paine, Revolutionary
Paine probably viewed the colonies as most of the English did, as the one spot on earth where a man's talents, not his ascribed social status, set the limits on his achievements.

Freedom Begins at Home
When the war was over, Washington surrendered his commission to a feeble Congress and retired for a short while to private life. A different man would have taken over the government. While we listen to the Iraq war reports and hear the word "freedom" spilled forth, let's remember that we once knew that freedom begins at home.

Thomas Paine on Government and War
"[War] serves to keep up deceitful expectations which prevent people from looking into the defects and abuses of government." [Rights of Man, Part Two]

What Killed the Four Horsemen?
"With a new Court and printing press money to fund a compassionate government, the people received countless benefits, except for another world war, a succession of lesser wars, unfathomable debt, devalued currency, deplorable education, and so on.  The new Court blessed the Social Security Act.  The new Court said the National Labor Relations Act was just fine.  In fact, the new Court said just about anything the government did was fine.  The government was no longer restrained by archaic laws.  The people had won." 

From Rebellion to Revolution
We pay a hefty price when we neglect Common Sense; it was the call that turned a rebellion into a revolution.

Moronic Explanations of History
And this is the most important reason for studying history: how we lost our liberty and how we might get it back.

Step One in Fighting the State
One of the distinguishing traits of the Founders was their love of books.

Eat the State
Of course, most holidays don't come ready-made for state consumption; they must be doctored first.

Freedom Is for Fighters
In a country that's politically free, the government, if there is one, serves only to protect people against the initiation of physical force. The land of the free means people can run their lives as they see fit, as long as they don't coerce others.

Forgotten Lessons from the Boston Tea Party
Our embargo of Iraq, like the Crown's closing of Boston's port, was a just punishment for destructive behavior—to question it is a confession of depravity.

Farrakhan and the Founders
In most countries slavery died with little or no violence. But when a new American president took office in 1860, rather than fight for peaceful emancipation, he baited the South into a long and devastating war in what could be described as an anti-American Revolution. When the war ended, states rights and the Constitution were among the seriously injured

The U.S. Congress and Thomas Paine
Published on January 10, 1776 for the bargain price of two shillings, Common Sense presented the case for independence in an engaging style and generated widespread support for separation from the "royal brute."
But Paine wrote his pamphlet as a private American who only a year earlier had emigrated from England. What if publication of this critical document had been left in the hands of Congress?

Capitalism's Pillar: Self-Responsibility
Our welfare system tells us we are not responsible for our lives. Our legal system tells us we are not responsible for our actions — getting away with murder has never been easier.

What Oath of Office? Kerns' Tribute to Congress
"It is error alone that needs the support of government. Truth can stand by itself."
— Thomas Jefferson

George Washington, the Man Who Could Have Been King

Birth of Big Brother: How the Court Deep-Sixed the Tenth
If we let sacrifice be our moral ideal, we've given government the means of enslaving us, and liberty, to the extent it exists, will be by permission, rather than right.
"I didn't fight George III to become George I."

Why Stop Signs In D.C. Need Ten Sides
We could take up a collection to swap out the octagonal stop signs in Washington, D.C. and replace them with decagonal signs--to remind Congress they have very little to do in their capacity as lawmakers, by virtue of the Tenth Amendment.

"Oh, Say, Can You See" - Why we should keep our national anthem
It was born in battle and captures the spirit of the American resolve not to surrender to an aggressor

Other Interesting Sites

Wikileaks Mirrors

Ron Paul's
Campaign for Liberty

Strike the Root

Classics of Libertarian Thought

BK's FED Economics Portal

Greenspan's 1966 "Gold and Economic Freedom"

Ludwig von Mises Institute

"V" for Vendetta

                                       

 

 

 

©2001-2011
 George F. Smith