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

April 13, 2009

You are “The Rich”, and you didn’t even know it

Video From Reason.TV: A lot of folks hear numbers like “the top 5%” of income earners, and they think that means Bill Gates, and fortune 500 CEOs etc… No, although that’s exactly what the government, and the media, would love for you to believe. It’s how they pit us against one another. It is a […]

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March 23, 2009


As I have said here before, I am a senior technical executive at a large bank. As it happens, a bank that was forced at gunpoint, by the secretary of the treasury and chairman of the federal reserve, to accept TARP funds (as all the top surviving banks in the U.S were). Let me be […]

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March 22, 2009

Another Step Down The Road To Serfdom

Today’s New York Times brings news that the Obama Administration is set to unveil a series of unprecedented regulations: WASHINGTON — The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said. […]

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March 13, 2009

Is the White House “Going Galt” on Us?

In a 2001 article entitled “The Virtue of Greed,” noted economist Walter Williams wrote: “YOU CAN CALL IT GREED, selfishness or enlightened self-interest, but the bottom line is that it’s these human motivations that get wonderful things done. Unfortunately, many people are naive enough to believe that it’s compassion, concern and ‘feeling another’s pain’ that’s […]

Posted By: Stephen Gordon @ 1:23 pm || Permalink || Comments (15) || TrackBack URI || Categories: Democrats,Doublespeak,Economics,Monetary Issues,Politics,Socialism,Taxation
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March 11, 2009

Name That Socialist

Today, a news story came out where a company planned on purchasing chicken processing plants and the government was going to match the private company’s bid dollar for dollar. This plan is proposed under the guise of saving jobs. Now let me give you a hint who this socialist leader is; he’s a national leader. […]

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March 5, 2009

Health Care Rationing Isn’t Fun, But It’s Unavoidable

Sad stories abound in the world of health care, because health care has a few peculiar features. First, when you get it wrong, people die. Heck, sometimes if you get it right, people die. Second, it’s terribly expensive. This is actually a good thing, in a way. The cost of advanced western health care is […]

Posted By: Brad Warbiany @ 12:47 pm || Permalink || Comments (6) || TrackBack URI || Categories: Economics,Healthcare,Socialism,The Nanny State
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March 3, 2009

Atlas Is Bluffing About Shrugging

Obama’s trying to raise taxes on those making over $250,000 a year, and the people in that group [well, enough for an anecdotal news story, anyway] say they won’t stand for it: President Barack Obama’s tax proposal – which promises to increase taxes for those families with incomes of $250,000 or more — has some […]

Posted By: Brad Warbiany @ 12:25 pm || Permalink || Comments (7) || TrackBack URI || Categories: Socialism,Taxation
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March 2, 2009

How Much Will I Pay to Stimulate Others?

It’s one thing to visit some strip club and pay one’s own tab to become stimulated.  But what if Congress and the President wanted you to pick up the tab for their lap dances? If you’d like to see how much you and your family will be paying for our recent government largese, has […]

Posted By: Stephen Gordon @ 9:49 am || Permalink || Comments (1) || TrackBack URI || Categories: Fiscal Policy,Government Incompetence,Socialism
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February 26, 2009

$4 Trillion

When leftists start arguing about how much laissez-faire capitalism we experienced under the Bush adminstration, I often point out that he was the first President to preside over a $2T budget, and he was also the first to propose a $3T budget (for FY’09). I expected Obama to spend more than Bush — but I […]

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February 17, 2009

The Brady Bill Was Only Step 1

Remember the “good old days” of the Brady Bill and the instant background check? It turns out that the gun grabbers in the 111th Congress no longer believe these gun control measures go far enough. Introducing perhaps the gravest threat to date against the Second Amendment: H.R. 45 Blair Holt’s Firearm Licensing and Record of […]

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“How bad is it going to get?

Yesterday, a reader wrote me and asked: “I have been wondering how bad the current economic “crisis” will get. Depending on who I talk to I have been told everything from “this is simply part of the normal cycle of economics” to being told to invest heavily in ammo” Ok, here’s my take on it. […]

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February 15, 2009

The Moral Hazard Problem Of Socialized Healthcare

Ezra Klein quotes approvingly a section of Michael Pollans In Defense Of Food on the high level of diabetes in those eating a Western-style diet. In response, he almost seems to be suggesting that there’s a moral hazard problem of socialized healthcare: A diagnosis of diabetes subtract roughly twelve years from one’s life and living […]

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February 12, 2009

Resist The Stimulus

Now that the members of the United States Congress have ignored the American people and are set to steal and borrow around $800 billion for a “stimulus” package which benefits left-wing special interests, political machines on the state and local level, and other vote buying programs in general; those of us who actually believe in […]

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February 3, 2009

Managing to Fail

The alarmist, emotionally manipulative tone, and shallow nature of this report offends me; but I have to say, if anything, the picture they paint of DHLs operations is actually nowhere near bad enough. They’re only focusing on the impact of the closure here without ever asking why. I know from the inside. I was a […]

Posted By: Chris Byrne @ 11:30 pm || Permalink || Comments (5) || TrackBack URI || Categories: Dumbasses and Authoritarians,Economics,Free Trade,Politics,Socialism
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February 2, 2009

Socialist Death Throes in Zimbabwe

Socialism/Communism has largely caused the collapse of any nation that’s truly tried it. Russia is the biggest example; China has seen the writing on the wall and has allowed economic modernization and liberalism to creep into their country to keep the system moving. Even most of Europe, who we libertarians would consider democratic socialists, understand […]

Posted By: Brad Warbiany @ 9:46 am || Permalink || Comments (2) || TrackBack URI || Categories: Foreign Affairs,Monetary Issues,Socialism
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January 23, 2009

Ezra Klein — China Should Replace Personal Savings With Tax Burden

Okay, that’s not exactly what he said, but that’s what it boils down to: But it’s worth zooming in on why the Chinese are making this a priority right now: Chinese economists see universal health care as a way to induce consumption and economic dynamism. The Chinese have a high savings rate — indeed, an […]

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January 21, 2009

Quote Of The Day

From Obama’s speech (as retold by Ezra Klein): Now, there are some who question the scale of our ambitions – who suggest that our system cannot tolerate too many big plans. Their memories are short. For they have forgotten what this country has already done; what free men and women can achieve when imagination is […]

Posted By: Brad Warbiany @ 9:08 am || Permalink || Comments (2) || TrackBack URI || Categories: Quote of the Day,Socialism,Taxation
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January 17, 2009

Chávez Needs Cash — FAST!

Back in October, I posted on a little problem appearing in Venezuela. The government’s spending requires very high oil prices to keep the books balanced, and $40 oil is not exactly close to that target. So what does Venezuela need? Quick money: President Hugo Chávez, buffeted by falling oil prices that threaten to damage his […]

Posted By: Brad Warbiany @ 9:54 pm || Permalink || Comments Off || TrackBack URI || Categories: Dumbasses and Authoritarians,Foreign Affairs,Socialism
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January 12, 2009

The New Journalistic Socialism?

It’s no secret that dead-tree journalism has been on a significant slide lately. The product is faced with a dynamic new entrant to the market (the Internet), and it seems as if the “new media” is making the old obsolete. In many industries, this would be a signal that it’s time to start finding newer […]

Posted By: Brad Warbiany @ 6:25 pm || Permalink || Comments (2) || TrackBack URI || Categories: Media,Socialism,The Welfare State
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Quote Of The Day

From Ronald Bailey at Reason – Hit & Run: “Intelligent design is to evolutionary biology what socialism is to free-market economics.” Saying something like that is a good way to piss off your average left- or right-winger. Heck, it’s a good way to make the average human’s head explode, because the idea of interconnected complex […]

Posted By: Brad Warbiany @ 10:29 am || Permalink || Comments (2) || TrackBack URI || Categories: Economics,Quote of the Day,Socialism
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