KA-POW! #36 - Mises

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Ludwig von Mises for “The Market Economy as Affected by the Recurrence of the Trade Cycle” :

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression. People rebel against the insight that the disturbing element is to be seen in the malinvestment and the overconsumption of the boom period and that such an artificially induced boom is doomed. ...

...[W]e must call the boom retrogression and the depression progress.

“Beyond Columbia”

Big Tuck tapped the breast of his body armor and said...

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KA-POW! #34 - Rockwell

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Llewellyn H. Rockwell Jr. for “Freedom of Association” :

We live in antiliberal times, when individual choice is highly suspect. The driving legislative ethos is toward making all actions required or forbidden, with less and less room for human volition. Simply put, we no longer trust the idea of freedom. We can't even imagine how it would work. What a distance we have traveled from the Age of Reason to our own times.

KA-POW! #28 - Mogambo

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to The Mogambo Guru for “No Cure for Government Spending” :

“Nothing can be done and you are a moron for trying” is a snotty-yet-unshakable Foundation Stone of the Mogambo Grandiose Economic Theory (MGET), which, as a corollary, also says that you should always bet against the government using a fiat currency over the long term because that particular bet has always paid off, paying out unbelievable odds, which means you should be buying gold, silver and oil with Both Freaking Hands (BFH).

KA-POW! #27 - Upshur

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Abel P. Upshur for “Our Federal Government” :

The principle that ours is a consolidated government of all the people of the United States, and not a confederation of sovereign States, must necessarily render it little less than omnipotent. That principle, carried out to its legitimate results, will assuredly render the federal government the strongest in the world. The powers of such a government are supposed to reside in a majority of the people; and, as its responsibility is only to the people, that majority may make it whatever they please.

...

But in a country so extensive as the United States, with great differences of character, interests and pursuits, and with these differences, too, marked by geographical lines, a fair opportunity is afforded for the exercise of an oppressive tyranny, by the majority over the minority.

KA-POW! #25 - Read

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Leonard Read for “Find the Wrong, and There's the Right” :

Man, on the other hand, does not now possess a like set of instinctual do-nots: built-in prohibitions. Instead, he must enjoy or suffer the consequences of his own free will, his own power to choose between what's right and what's wrong. In a word, man is more or less at the mercy of his own imperfect understanding and conscious decisions.

KA-POW! #23 - LeFevre

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Robert LeFevre for “Self-Ownership” :

If one contemplates the situation, it will be seen that the slave relationship is wholly improper for it presumes to transfer the control of one living man into the hands of a second living man. The condition is contrary to nature and can only be maintained if both play their specific assigned roles. The slave must act as though he did not control himself, as though, indeed, the slave-master did control him. The slave-master must act as though he really could and did control the slave. But the slave always controls himself, even though he may do so in harmony with his owner's wishes.

KA-POW! #19 - Barnes

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Harry Elmer Barnes for “Revisionism and the Historical Blackout” :

The First World War and American intervention therein marked an ominous turning point in the history of the United States and of the world. Those who can remember "the good old days" before 1914 inevitably look back to those times with a very definite and justifiable feeling of nostalgia. There was no income tax before 1913, and that levied in the early days after the amendment was adopted was little more than nominal. All kinds of taxes were relatively low. We had only a token national debt of around a billion dollars, which could have been paid off in a year without causing even a ripple in national finance. ...

KA-POW! #18 - Wollstein

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Jarret B. Wollstein for “The Nature and Morality of Government” :

Despite the lofty pretensions of most governments, the fact remains that they, like any other group of men, are nothing more than a collection of individuals. The "rights of a government," like the rights of any other association of men, can be morally no different than the rights of the men who comprise it. All that which is immoral for men acting individually is equally immoral for men acting in association. There is nothing a government can morally do, which individuals by themselves cannot morally do. The group is ethically no different from the individual.

KA-POW! #15 - Carkuff

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Doug Carkuff for “Neither Left Nor Right: Of Liberty And Libertarians” :

The central libertarian principle is the principle of nonaggression. Taken to its logical conclusions it pretty much covers everything that is the cause of so much consternation in the life of our society. You would think that no one could possibly have a problem with this principle, but many people do. In order for the nonaggression principle to mean anything you have to believe you own yourself and, by extension, that you own the fruits of your endeavors. For any statist/collectivist self-ownership is conditional. In other words, you only own yourself to the extent society says you own yourself which is really the same as saying you don’t own yourself at all. You can make the decisions about your life that society/the state says you can make. Ultimately and inescapably, in the statist’s view, society/the state owns everything and anything you own, including yourself — you only own conditionally.

KA-POW! #14 - Mises

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Ludwig von Mises for “Free Banking and Contract Law” :

It is a fable that governments interfered with banking in order to restrict the issue of fiduciary media and to prevent credit expansion. The idea that guided governments was, on the contrary, the lust for inflation and credit expansion. They privileged banks because they wanted to widen the limits drawn to credit expansion by conditions prevailing on the unhampered market or because they were eager to open to the treasury a source of revenue.

Loquacious Lingo

Mendacious Smith (men·dā’·shǝs smith) n., Slang. – a politician; esp. a pejorative for an official of the national government: That Mendacious Smith was on the boob tube last night claiming that violating my liberties was for my ‘own good’. [poss. cynical deriv. from film Mr. Smith Goes to Washington]

KA-POW! #13 - Chodorov

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Frank Chodorov for “Does the State Protect Us?” :

Since Society puts so high a value on independence from a foreign State, it should not demur at the cost of maintaining this independence. One must pay for what one wants. However, when we examine the most approved method of financing war we find that it is based on a general reluctance to foot the bill. Every war is fought with current production — there is no way of shooting off guns that have not yet been made or of feeding soldiers with food that will be raised by the next generation — and in a real sense every war is conducted on a pay-as-you-fight basis.

The economic consequence of the most approved method of financing wars is that a lien on the future production of the nation is established, and nearly always it is a permanent lien. ...

Truth in Propaganda

The U.S. Treasury issued a series of quarter-dollar coins...

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KA-POW! #12 - Smith

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to George F. Smith for “The Long Shadow of Frédéric Bastiat” :

Tocqueville described the situation [of France in 1848]: "The truth — the deplorable truth — is that a taste for holding office and a desire to live on the public money is not with us a disease restricted to either party, but the great, chronic ailment of the whole nation; the result of the democratic constitution of our society and of the excessive centralization of our Government; the secret malady which undermined all former governments, and which will undermine all governments to come."

KA-POW! #10 - Douglass

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to student Brian Douglass for “On the Road to the Servile State” :

Belloc defines the Servile State as "that arrangement of society in which so considerable a number of the families and individuals are constrained by positive law to labor for the advantage of other families and individuals as to stamp the whole community with the mark of such labor." ...

The Servile State is not the market economy. It is also not simply socialism. Instead, it is a creation of the State to benefit a class, which is considered free, and for which class the system is perpetuated by force of law. Essentially, it is a State marked by artificial, government-created monopolies. ...

KA-POW! #9 - Bastiat

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Frederic Bastiat for “Should the State Support the Arts?” excerpted from That Which Is Seen, and That Which Is Not Seen, 1850 :

But, by a deduction as false as it is unjust, do you know what economists are accused of? It is, that when we disapprove of government support, we are supposed to disapprove of the thing itself whose support is discussed; and to be the enemies of every kind of activity, because we desire to see those activities, on the one hand free, and on the other seeking their own reward in themselves.

Hypocritical Indignation

There has been much ink spilled condemning...

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KA-POW! #4 - Mises

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Ludwig von Mises for “Freedom Is Slavery" :

There prevails in the writings of many contemporary authors the disposition to represent every extension of governmental power and every restriction of the individual's discretion as a measure of liberation, as a step forward on the road to liberty. Carried to its ultimate logical conclusion, this mode of reasoning leads to the inference that socialism, the complete abolition of the individual's faculty to plan his own life and conduct, brings perfect freedom. It was this reasoning that suggested to socialists and Communists the idea of arrogating to themselves the appellation liberal.

KA-POW! #3 - Harper

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to F.A. 'Baldy' Harper for “The Omelet Has No Rights" :

The omelet, or collectivist, concept holds that the social omelet is the sole concern and objective of humanity. "When you are making an omelet, you must break the eggs." By this view, human rights are vested completely in the collective of persons, not in individuals. Since the will of the collective is deemed to be the same thing as justice, it follows that rights reside in the omelet and not in the individual eggs. So it becomes humane and socially justifiable to break the eggs for the omelet because that is what eggs are for. ...