Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

May 10, 2010

A New Introduction

I am honored to join The Liberty Papers. Brad Warbiany and Doug Mataconis have been very welcoming, and my new realm into libertarian thought should be fulfilling and rich. I’ve been at United Liberty for two years, starting with the 2008 election and running all the way up to coverage of Arizona’s discriminatory immigration law. [...]

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March 25, 2010

The Social Security Trust Fund In Kindergarten Terms

Yesterday I had $10 in my right pocket. I loaned that money to my left pocket, which I like to call my “Right Pocket Trust Fund”. I put an IOU from my left pocket into my right pocket to document the loan. I then spent that $10 on lunch. Today my right pocket wants to [...]

Posted By: Brad Warbiany @ 9:52 am || Permalink || Comments (9) || TrackBack URI || Categories: Fiscal Policy,Monetary Issues,Taxation,Theory and Ideas
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March 24, 2010

Quote Of The Day

Those of us who predicted lenders would avoid US Treasuries during the financial meltdown we initially somewhat surprised to see investors flocking to them. It’s the result of a supposed “flight to quality”, and nothing at the time seemed less risky than buying US Treasury bonds, since the Treasury sells its bonds in a currency [...]

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February 8, 2010

Kathleen Sebellius Blames Insurance Companies For The Effects of Obama’s Stimulus Program

Like her ideological forebears from the last century, U.S. Health and Human Services Secretary Kathleen Sebelius is angry that businessmen who are eager to avoid a loss are raising prices. From the LA Times, Anthem Blue Cross asked to justify controversial rate hikes : The Obama administration called on Anthem Blue Cross on Monday to [...]

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January 26, 2010

Hayek REPRESENT!

When I heard there was going to be a Hayek vs. Keynes rap battle, I was amused. And then I watched it, and realized it’s actually pretty good. Enjoy.

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December 12, 2009

Earmark And Healthcare Wars: Ron Paul vs Jeff Flake

A recent article in the Washington Examiner by John Labeaume details the differing approaches to earmarks that two of most libertarian members of Congress have. This difference came out in a vote on an amendment that Flake wrote to H.R. 3791 which was the Fire Grants Reauthorization Act of 2009. The Flake amendment would ban [...]

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December 9, 2009

I Have Taught You Well, Young Padawan

from RJ Matson, NY Observer Hat Tip: Ritholtz, The Big Picture

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December 3, 2009

Preach It, Brother Bunning!

Kentucky Senator Jim Bunning: not a fan of Helicopter Ben: Four years ago when you came before the Senate for confirmation to be Chairman of the Federal Reserve, I was the only Senator to vote against you. In fact, I was the only Senator to even raise serious concerns about you. I opposed you because [...]

Posted By: Brad Warbiany @ 4:04 pm || Permalink || Comments Off || TrackBack URI || Categories: Economics,Federal Reserve,Fiscal Policy,Monetary Issues
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November 23, 2009

Conspiracy Theory Of The Day

Goldbugs have long-believed that central banks try to manipulate the price of gold, i.e. dumping gold onto the market at certain times to keep the price down, then slowly re-acquiring it after the spike passes, etc. But in an era where the goldbugs are predicting $2000/oz and higher (I’ve seen predictions of $5000/oz), I don’t [...]

Posted By: Brad Warbiany @ 3:10 pm || Permalink || Comments (7) || TrackBack URI || Categories: Conspiracy Theories,Currency and Monetary Policy,Monetary Issues
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November 18, 2009

National Debt Tops $ 12,000,000,000,000

Just 247 days after topping $ 11 trillion and 414 days since passing the $ 10 trillion mark, America’s national debt is now above the eye-popping level of twelve trillion dollars: It’s another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 [...]

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October 6, 2009

Babs Boxer Will Do Anything For Re-Election: Even Cosponsor S.604!

Back in July, I sent letters to Barbara Boxer and Dianne Feinstein urging them to support or even cosponsor S.604, the Audit-The-Fed bill. I received the typical mealy-mouthed responses (posted below after the fold), and like a bad blogger I never actually mentioned the responses here. How mealy-mouthed was Boxer’s response? Well, THIS was the [...]

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September 28, 2009

Why You Should Support Auditing The Fed

The Fed is tasked with the dual goals of price stability and restraining inflation. Folks like myself would suggest it hasn’t done a very good job of either, but that’s not crucial to the question of whether we should be able to determine how they’re attempting to fulfill their mission. Particularly irksome when we’re talking [...]

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September 16, 2009

Chinese Worried Obamacare Is Too Expensive For Them To Pay For

Obama says that he won’t sign a healthcare bill that adds one dime to the deficit. I hope he’s right about that, because the people who are financing that deficit are a tad bit worried about the prospect: And yet, there was budget director Peter Orszag rushing to a lunch with Chinese bureaucrats on a [...]

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August 25, 2009

Inflation Causes Misallocation of Production

The spike in car buying has caused automakers to ramp up production (via John Stossel): Many auto industry analysts and dealers expect sales volumes to fall now that the program is over. They worry that many people who took advantage of the program were merely accelerating purchases they would have made later in the year. [...]

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Obama: You’re doing a heck’uva job, Bernie

Continuing his George Costanzaesque presidency, Obama has decided to reappoint Ben “Helicopter” Bernanke to another term on the Fed. Here’s what Obama had to say: Ben approached a financial system on the verge of collapse with calm and wisdom; with bold action and outside-the-box thinking that has helped put the brakes on our economic freefall [...]

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July 16, 2009

Government Abandons Lying; Resorts To Pure Naked Threats

I’m at a loss. I don’t know what world can justify this, and can only hope that my readers will be just as appalled as I am, because I have nothing to add. WASHINGTON (AP) — Former Treasury Secretary Henry Paulson testified on Thursday that he pressured Bank of America Corp. last year to go [...]

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July 9, 2009

Letters To Boxer & Feinstein To Support S.604 On Auditing The Fed

Below is the text of a letter I’ve sent to Senators Barbara Boxer and Dianne Feinstein. H.R. 1207 (introduced by Ron Paul) and S. 604 (introduced by Bernie Sanders) is a bill that requires the Comptroller General to audit the Fed and report back to Congress within the next 18 months. Given that the only [...]

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July 7, 2009

Pope Benedict XVI Would Make Marx Proud

Pope Benedict XVI has decided to wade into territory which he has no understanding or expertise: the global economy. The New York Times reports that the pope is now calling for a “New World Economic Order”* VATICAN CITY — Pope Benedict XVI on Tuesday called for a radical rethinking of the global economy, criticizing a [...]

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July 6, 2009

A few thoughts about last weekend’s Tea Parties

While I’ve not had enough time to take a comprehensive look at Tea Parties held around the nation on or around Independence Day, here are some quick observations from this full-time Tea Party enthusiast and part-time skeptic. First of all, Senator John Cornyn (R-TX) was booed when he spoke in Austin, Texas.  The key reason [...]

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May 27, 2009

The Signs of Inflation

Since Barack Obama has decided to continue down the path George Bush started down,  the path of Robert Mugabe and Friedrich Ebert, the United States economy will soon be facing all the problems associated with inflation. Unfortunately, the effects of inflation are poorly popularized, meaning that most people have a very limited understanding of inflation.  [...]

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