Showing posts with label liberty. Show all posts
Showing posts with label liberty. Show all posts

Sunday, August 10, 2014

Interview with FEE President Larry Reed

Daily Bell: What are the "lofty standards of liberty"?

Lawrence Reed: I'll list some of the big ones here but this is by no means a complete roster: Respect for the lives, property, choices and contracts of your fellow citizens. A healthy recognition that as much as you think you know, there's a world of knowledge out there that you don't know. Self-improvement should be a life-long commitment. If you want to reform the world, you must reform yourself first and then be a good example that others will seek to emulate. Refrain from the initiation of force, which is something that should be used only in defense of individual rights. Central planning requires an arrogant, condescending, know-it-all attitude that a person of solid character should shun. Take responsibility for yourself and your loved ones; no one owes you a living just because you breathe. When you see someone who needs and deserves help, remember that the Good Samaritan wasn't good because he told the man in the gutter to call his congressman; he pitched in and got the job done himself at probably half the cost and twice the effectiveness that any politician could. Don't assume that liberty is automatic or guaranteed just because you or your grandparents had it; if good people who believe in it don't work for it, teach it, insist on it and support it, it can be easily lost. Have patience, be courageous, stand on principle, sacrifice if necessary for what you know to be right. Live for the future, not merely for the here-and-now. Be optimistic because pessimism is a self-fulfilling prophecy; you can change yourself if necessary and you can change the world but not if you think either cause is lost before you even get started. Keep your character up because freedom requires it, and you'll never regret it.

Daily Bell: Your point is that it is more difficult to live up to liberty than down to socialism?

Lawrence Reed: That's exactly right. Socialism requires little more than obedience to authority: pay your crushing taxes, keep quiet and let somebody else run your life for you, even when they order you to give it up for a stupid cause like dictating how another country should live. Living to socialism's standards means living down to some pretty ugly things: dependency and disrespect for the rights and property of others being chief among them. Liberty is a lofty objective. It requires us to live up to very high standards. It's tempting to take what's not yours or hire a politician to do that for you, but doing so is incompatible with liberty and puts a permanent stain on your personal character. We should each be asking ourselves every day, "Am I good enough for liberty?" If the honest answer is NO, then the next logical step is to muster the courage and integrity to clean up your act.

Daily Bell: Of course, the world is in lousy shape these days. The drive toward global consolidation by elites continues. Are they winning? They seem to be becoming more brutal.

Lawrence Reed: What is becoming increasingly known as "crony capitalism" is very strong but it's also under both intellectual and popular attack like never before in our lifetimes. I think the term, "crony capitalism," is unfortunate because I believe if it's cronyism (that is, dependent on the dispensing of political favors), it's not capitalism. It really ought to be called "crony socialism" but that's actually redundant. Socialism, or even the half-way house of interventionism, always reduces to cronyism. The politically well-connected always favor their friends and the corrupt will always seek to use political power. For the moment, at least by the measure of government activities and growth, it would appear they are winning. But I think the growing numbers of those who believe in liberty and free markets are eating away at the foundations of the welfare-warfare state the cronies have erected. I remain optimistic as to the long term, even if short-term trends aren't all in the right direction.  

Daily Bell: What is so hard to understand about markets or the advantages of competition versus laws and regulation? Can politics ever take the place of market discipline?


Lawrence Reed: Laws and regulation provide the appearance of a quick fix. Pass a law! Impose a rule! Problem solved, or at least we can retire with the satisfaction that we've done something. Talk about competition and other market forces and to many people it all sounds nebulous, as if no one in particular is "in charge." Our government schools have done a pretty good job of convincing people that good intentions plus a little "democratic" force imposed by people we elect will get the task done. It's our job as economists to explain that laws and regulations pose their own costs and dilemmas: The lawmakers and the bureaucrats have motives of their own and seldom consider all the side effects of whatever they do, laws and regulations often prevent better solutions and stymie innovation and rules can often be circumvented while they lull people into complacency and a false sense of security. We also have to explain how the seemingly nebulous forces of the market are, if the market is in fact free, more powerful and productive than we usually assume. So those of us who believe in free markets often have a tougher sell than the socialist con artist has. All he has to do is make promises that sound good in and of themselves; we're left to explain the wreckage as well as the alternative. I've often said that coming to understand things like market forces, individual rights, entrepreneurship, personal responsibility, etc., is part of the growing-up process. Some people just don't grow up. Babies are all socialists in the sense that they can think only of the short term. They want whatever they want and they want it now. They don't much care where it comes from or who pays for it. They make a lot of noise and mess if they don't get it and even if they do, they still shit their pants. Becoming an adult means learning patience. It means doing things for yourself, taking responsibility for your life, avoiding the superficial, quick fixes. It means getting what you want through persuasion, not force or tantrums. Socialists, in effect, are babies with guns.

 read the entire interview here

Sunday, May 15, 2011

The Buffett People Should Listen To

Howard Buffett
U.S. Congressman from Nebraska
The Commercial and Financial Chronicle 5/6/48

Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere.

But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.

Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.

In that case then certainly you and I as Americans should know the connection. We must find it even if money is a difficult and tricky subject. I suppose that if most people were asked for their views on money the almost universal answer would be that they didn't have enough of it.

In a free country the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians. Our dollar was that kind of money before 1933. Under that system paper currency is redeemable for a certain weight of gold, at the free option and choice of the holder of paper money...

I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Also those elements here and abroad who are getting rich from the continued American inflation will oppose a return to sound money. You must be prepared to meet their opposition intelligently and vigorously. They have had 15 years of unbroken victory.

But, unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.

There is no more important challenge facing us than this issue – the restoration of your freedom to secure gold in exchange for the fruits of your labors.

read the entire article