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Opinion from a Libertarian ViewPoint

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Nikki Haley Again? — Really President Trump?

Posted by M. C. on June 1, 2024

Signing Israeli bombs! What makes these people want the US to fight other countries battles?

Like the man said-Follow the money (and votes).

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The Danger Is Not China But the ‘Fake China Threat’

Posted by M. C. on May 31, 2024

Either China is very strong, he says, “in which case antagonizing China over issues directly in its backyard is stupid; or actually China is quite weak in which case antagonizing China in its backyard is unnecessary and counterproductive.” He continues, “In any event is hard to hard to imagine how the life of the average American would be improved by courting conflict with China, while it is quite easy to imagine countless ways in which it could be made worse.”

by John V. Walsh

https://libertarianinstitute.org/articles/the-danger-is-not-china-but-the-fake-china-threat/

tfct ebook cover 600w

At times a book is convincing not only because its arguments are sound but also because of the author’s identity. It would be no surprise to encounter a book penned by a socialist or Sinophile that takes on the false portrait of China that graces the U.S. media. But Joseph Solis-Mullen, the author of The Fake China Threat And Its Very Real Danger, is neither socialist nor Sinophile.

Solis-Mullen is a libertarian in the mold of Randolph Bourne and Justin Raimondo. Hence, he is classified as a conservative in our impoverished political taxonomy. But his book is not written to appeal to people of any single political outlook. It is written with only one thing in mind, the interest of the American people and, dare I say, of humanity in general, China included. Hence it is of great utility for people across the political spectrum who sense that our people are being hoodwinked by fake China threats. It may answer your questions on China or those of your friends in ways understandable to the average American.

The Fake China Threat is Ubiquitous—and Dangerous

Solis-Mullens explains the purpose and scope of the fake China Threat as follows:

“On the one hand, (the fake China Threat) serves as a legitimating device, a new reason for continually climbing defense budgets…and for the continued meddling…in the affairs of other states…

“On the other hand, the fake China Threat serves as a convenient scapegoat for the end results of the bad policies that Washington has itself authored and for decades pursued. America deindustrialized? China’ fault. Millions of Americans hooked on drugs? China’s fault. The Saudis and Iranians don’t want the Americans around anymore? China’s fault. Et cetera.”

“There is one element of truth to the fake China Threat, however; the existence of an independent China (or Russia) is a threat to Washington’s accustomed ability to do more or less whatever it wants, wherever it wants. But the existence of an independent China is already a fact. Refusal on the part of Washington to accept it will cause more than theoretical problems, and therein lies the real danger.” [Emphasis Added]

To remedy that “real danger” is the purpose of this book as the author explains in these words:

See the rest here

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Here’s a Reality Check on So-Called Green Energy… And It’s Not What You Think

Posted by M. C. on May 31, 2024

by Chris MacIntosh

A picture emerges of an aspirational Western industry captured lock, stock, and barrel by secretive, coal-loving Beijing. It’s a worry for the West’s economic development, never mind energy security and climate action. If solar is anything to go by, the great transition seems less based on data than a mixture of blind faith and vested interests.

China has the world over a barrel in more ways than we have been led to believe.

It isn’t so much that China has the biggest resources of these minerals. Rather it has the refining capacity to produce these materials. Note that most of these “lesser known base metals” don’t occur naturally on their own (like copper or tin), rather they occur concurrent with other minerals and are essentially a by-product of refining common base metals. Of course, refining minerals is a messy, polluting, and energy intensive business that few countries want to engage or allow. In doing so, they open themselves up to national security issues.

All rather interesting, but what I’d like to point out is that there exists the probability that this all becomes weaponised. Reducing or entirely eliminating supply of these critical resources to “non-friendly” nations is increasingly becoming a real threat. That in itself would entail significant supply disruptions, higher costs of production (much higher), and subsequent acceleration of stagflation.

The New vs the Old Economy

We thought we had it all before with the TMT bubble of 2000 (goodness, that is now 24 years ago). But history has been rewritten highlighting the extreme performance of one theme against another. Real assets are more out of favour compared to financial assets than at any time since the 1920s. Some random charts we found on the information superhighway providing illustrative view of what we’re saying.

Any relationship in the chart above to the one below?

OK, let’s put it another way. What if the US 10-year yield is 10% 10 years from now? How do you think real assets would have performed vs financial assets?

Just a reminder of how out of favour materials and energy are compared to the broader market. Granted this is over a year old, but not much has changed since then.

We recall a couple of years ago when Tesla had a greater market cap than the S&P 500 energy sector and Microsoft had bigger market cap than the S&P Materials and Energy sectors combined. Seems like not much has changed on a global scale.

Taking out Saudi Aramco, Microsoft, and Apple have about the same market cap as the global energy sector.

A Think Piece on Solar Panels

Finally someone who has dug deep into the assumptions:

You really have to read the article. It’s a humdinger. But first, a warning to the tree huggers who buy the concept that paying more taxes to multiple home owning, jet setting globalists in order to eliminate a gas that is 0.04% of the atmosphere and for which all plants are dependent upon. My friends and colleagues over at International Man said it well:

But back to the report. Check out these snippets:

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We Oppose the State, its Socialism, and its Wars

Posted by M. C. on May 30, 2024

Naturally, I reject these articles because our editorial policy and our mission is to publish articles that actually support peace, freedom, and Austrian Economics. It’s not our job to publish articles opposed to these things. After all, for writers and readers who don’t like what the Mises Institute stands for, they can read and publish articles at National Review, The Washington Post, The New York Times, Commentary, and countless other neoconservative or social-democrat publications that are more than happy to tell readers that radical laissez-faire and non-interventionist foreign policy are terrible.

https://mises.org/power-market/we-oppose-state-its-socialism-and-its-wars

Ryan McMaken

In case you haven’t read it lately—or perhaps you’ve never read it—the mission statement of the Mises Institute states that the Institute “exists to promote teaching and research in the Austrian school of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.”

For those who find this mission statement too non-specific, I recommend consulting the decades’ worth of commentary and research published by the Institute over the forty-plus years of the Institute’s existence. For anyone who has bothered to read any significant portion of this body of work, the Mises Institute’s mission and editorial positions over the past four decades are no mystery. 

In my ten years as an editor at the Mises Institute, however, I’ve been often surprised by how many self-described “supporters” of the Institute don’t actually agree with its mission. For example, it’s remarkable how many article submissions I have received over the years in which the author attacks our core editorial positions. 

These articles often have titles like “Why the Austrian School is wrong about X.” ”X” is some fundamental tenet of the Austrian School that is supposedly “disproven” in 900 words by the would-be columnist who generally demonstrates almost no understanding of the Austrian School at all. 

I also receive article submissions which take the form of “the libertarian/free-market case for Y” in which Y is a position—usually a morally repugnant one—that is utterly opposed to what Mises Institute scholars have been publishing here for decades. This sort of submission usually—but not always—centers on foreign policy and advocates for the latest war or “humanitarian” intervention. 

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Forced Busing: Biggest DEI Debacle in U.S. History

Posted by M. C. on May 30, 2024

by Jim Bovard

While politicians speak of free public education, it is the parents who are paying much, if not most, of the bill for their children’s education. Yet paying for schooling indirectly effectively turns parents from buyers into beggars. Regrettably, there is no way that parents can sue the government officials who forcibly sacrificed their children on an altar of equality.

https://libertarianinstitute.org/articles/forced-busing-biggest-dei-debacle-in-u-s-history/

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President Joe Biden seeks to boost government school spending to close the achievement gap between white and black students. According to the Biden administration, disparities in student test scores justify further government intervention. But Biden ignores how previous government education decrees ravaged Americans’ freedom and domestic tranquility.

In a speech earlier this month, Biden touted the 70th anniversary of the Supreme Court decision on Brown v. Board of Education. That decision ruled that “separate but equal” systems that intentionally segregated students by race violated the Fourteenth Amendment. That decision resulted in profound changes in southern states that had created parallel but inferior school systems for blacks, along with other barriers for learning.

In his speech, Biden sniped at Republicans and conservatives, claiming, “We have a whole group of people out there trying…to erase history.” But the biggest erasure involves the largest Diversity, Inclusion, and Equity crusade in American history—the forced busing that disrupted many cities and metropolitan areas from the 1970s onwards.

Ten years after Brown v. Board of Education, Congress enacted the Civil Rights Act of 1964, which specified that “‘desegregation’ means the assignment of students to schools ‘without regard to their race,’ and ‘shall not mean’ assignment ‘to overcome racial imbalance.’”  Regardless of the clear language of the law, the Supreme Court began rubberstamping court decrees that compelled the busing of children far from home to satisfy constantly changing demands for racial balance. As professor Lino Graglia noted in his 1976 classic, Disaster by Decree: The Supreme Court Decisions on Race and the Schools, forced busing was “the compulsory transportation of school children out of their neighborhoods to increase school racial mixing or ‘balance.’”

Though the issue may seem obscure if not archaic to many young voters, forced busing was briefly a hot issue in the Democratic presidential race in 2019. During one of the debates, Kamala Harris attacked Joe Biden for having opposed forced busing in the 1970s, his first decade in Congress. Biden was mentally sharper then than he is now, so he did not falsely claim to have been a heroic civil rights demonstrator who was arrested at the South African embassy after almost being at the famous 1965 Selma protest. In his response to Harris, Biden stressed that busing should have been “a local decision made by your city council.” 

Harris demanded to know: “Do you agree that you were wrong to oppose busing in America?”

Biden denied that he opposed busing per se: “What I opposed was busing ordered by the Department of Education.” Actually, the federal Department of Education was not created until late in the 1970s and it had no power to order busing. The vast majority of busing conflicts stemmed from judicial decrees, which Biden seemed to understand a half century earlier.

According to Harris, forced busing was necessary “because there are moments in history where states fail to preserve the civil rights of all people”—and thus the federal government must intervene.

Biden’s narrative on busing has evolved over the last half century. In 2007, in his first memoir, Promises to Keep: On Life and Politics, Biden called busing a “liberal train wreck” that was “tearing people apart.” He honestly admitted: “White parents were terrified that their children would be shipped into the toughest neighborhoods in Wilmington; black parents were terrified that their children would be targets of violence in the suburban schools. Nobody was happy.” Biden endorsed legislation in the 1970s to limit the power of federal judges to order busing. His position on busing was one of his signature issues before he became one of the most fanatic supporters of the federal War on Drugs the following decade.

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Social Justice Fallacies

Posted by M. C. on May 30, 2024

Thus, we hear again and again about how “the rich” are “taking” too high a percentage of “national income.” The reformers want people to think that they are being victimized by greedy plutocrats, thereby engendering support for more governmental activism. What they don’t want people to understand is that when highly productive people earn (not “take”) more, they are adding to prosperity, not depriving others of anything.

by George Leef

Now 93, Thomas Sowell continues to produce excellent work — work that would help the United States escape from the grip of statism if people would heed him. Sowell has just published a new book, Social Justice Fallacies, and it contains a wealth of common sense about that terrible menace to freedom and prosperity, namely the Left’s demand that we transform the country to conform to its concept of “social justice.”

The obsession with equality

The central obsession of the Left is with equality. Their complaints about a free, truly liberal society usually stem from the fact that freedom doesn’t result in equality, therefore requiring that government employ coercion to bring it about. In the past, those people, who misleadingly call themselves “progressives,” insisted that government power be employed to ensure equal opportunity for individuals. But after decades of government efforts aimed at that, the progressives have taken to demanding equality of outcomes for favored groups. To that idea, Sowell responds,

In the real world, there is seldom anything resembling the equal outcomes that might be expected if all factors affecting outcomes were the same for everyone…. People from different backgrounds do not necessarily even want to do the same things, much less invest their time and energies into development the same kinds of skills and talents.

He’s right, of course. The world is not geared for equality, and most human beings are content with that fact. As he always does, Sowell supplies plenty of evidence to support his point. For example, in 1912 in Istanbul, the capital of the Ottoman Empire, which was ruled by Turks, there were no Turks among the city’s stockbrokers. That “inequality” was not because Turks were kept out but because the field didn’t appeal to them, so it was dominated by “outsiders.” No one minded that.

What about inequality between men and women? Statists have successfully demanded equal-pay laws, but as Sowell argues, no such laws were ever needed in a labor market with free competition. “As far back as 1971,” he observes, “single women in their thirties who had worked continuously since leaving school were earning slightly more than men of the same description.” Such facts, however, never deter statists from insisting on coercive “solutions.”

The excuse of “institutional racism”

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Sunk Cost Mentality: Europeans Discussing A Military Draft For A Lost Ukraine War?

Posted by M. C. on May 29, 2024

Mindless

Guess who else has had enlistments drop for decades.

The Ron Paul Liberty Report

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Michael Gould-Wartofsky, Creating an All-American Homeland Security Campus

Posted by M. C. on May 29, 2024

Sometimes it seems as if we just can’t learn, even when we’re talking about America’s centers of higher learning, its colleges and universities. In mid-April — the day after being grilled and intimidated by House Republicans — Columbia University’s president Nemat “Minouche” Shafik decided not to listen to, or even negotiate with, her own students. Instead, she called in the police to dismantle a peaceful tent encampment protesting the horrors then underway in Gaza. For anyone who remembers the past history of on-campus antiwar protests, it was almost ludicrously predictable that, in doing so, she would launch a set of remarkably peaceful protests on more than 500 campuses nationwide that, despite the arrival of so many police on campus and nearly 3,000 arrests, have yet to end (and, in fact, have spread elsewhere on the planet).

And talking about not learning, imagine this: Last October 7th, the Israelis had a thoroughly grim set of war crimes committed against them by Hamas. Their response would prove to be a set of crimes so staggering that they’ve left Hamas’s horrors — and they were horrors of the first order — in the shade, removing almost all sympathy for Israel globally.

Sound familiar? And the thing we so often forget, whether the subject is Israel and Gaza or student protests in this country, is that when such horrors occur, there’s always a history that has, in some grim fashion, prepared the way for them.

With that in mind, consider Michael Gould-Wartofsky’s latest piece on the all too many increasingly armed camps that now pass for colleges and universities. Such campuses, barricaded, walled off, and sometimes occupied by local police, don’t come out of the blue either. In fact, Gould-Wartofsky has been writing about the creation of just such a “homeland security campus” for TomDispatch since 2008 — about the creation, that is, of what, by 2012, he was already calling Repress U.! Tom

Repress U., Class of 2024

How to Build a Homeland Security Campus in Seven More Steps

By Michael Gould-Wartofsky

The academic year that just ended left America’s college campuses in quite a state: with snipers on the rooftops and checkpoints at the gates; quads overrun by riot squads, state troopers, and federal agents; and even the scent of gunpowder in the air.

In short, in the spring semester of 2024, many of our campuses came to resemble armed camps.

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Trump Warms Up to Bringing Haley ‘On Our Team in Some Form’

Posted by M. C. on May 29, 2024

So much for ending the endless wars. Haley’s puppet strings are pulled directly from the pentagram.

Former President Donald J. Trump on Thursday opened the door to bringing Nikki Haley into his circle, another step in what looked to be a thawing of hostilities between the two former rivals.

“Well, I think she’s going to be on our team because we have a lot of the same ideas, the same thoughts,”

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US Expected To Resume Sale of Offensive Weapons to Saudi Arabia

Posted by M. C. on May 28, 2024

Biden claimed to end ‘offensive’ support for Saudi Arabia’s war in Yemen back in 2021 but continued to back the bombing campaign

It saves SA from the effort of hijacking (SA is good at hijacking) Yemeni aircraft…if Yemen has any aircraft.

by Dave DeCamp

The US is expected to resume the sale of “offensive” weapons to Saudi Arabia, the Financial Times reported on Sunday.

US officials told the paper that President Biden was expected to lift a ban on the sale of offensive weapons to Riyadh that he put in place over three years ago, although US support for Saudi Arabia has continued.

In February 2021, President Biden said he would end “offensive” support for Saudi Arabia’s brutal war in Yemen and paused a bomb sale to Riyadh. However, the US continued to support the Saudi bombing campaign, as it was revealed a few months later that the US was still servicing Saudi warplanes.

President Biden also continued to push forward arms deals for Saudi Arabia, including a $650 million air-to-air missile deal, which the administration claimed was for defense. Before the Saudis and the Houthis reached a truce at the end of March 2022, Riyadh launched heavy airstrikes in Yemen, and it was one of the deadliest periods of the war for Yemeni civilians.

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