The Humble Libertarian

Building a small army-- to take over the world and... leave everybody alone.

Tuesday, June 21, 2016

Why Were Libertarians All Wrong About Inflation?

My libertarian friends,

We were all so sure we were right. Like we were smug as could be about how sure we were right about hyper inflation.

Our kindred of mind had called it right so many times before on both monetary and military policy, against the overwhelming disagreement of the uncritical, less curious masses.

Hayek had the boom and bust cycle figured out.

Ron Paul nailed it so many times, we were sure he has to be some kind of prophet or something.

So where's all the hyperinflation we've been talking about since the last major war in 2003 and all the monetary expansion starting in 2008? Anyone else notice it didn't happen?

Here's my Facebook feed today:

^^Haha, look how smug I was. #winflation

I know a lot of you shared that level of certainty with me, so the lack of hyperinflation going on right now is glaring in light of this reminder of where a lot of us were at four years ago.

Here's where Gold was when I went to buy a bunch of it in June 2012, hovering around $1600 USD per ounce:

Now watch what happened:

(Thanks, Kitco for the graphs.)

Four years later, we're below $1300 per ounce.

Despite the $2 trillion war in Iraq. (The Congressional Budget Office says it cost you personally $6300.)

Even more hard to comprehend is this is what's going on despite the Adjusted Monetary Base (how much money der is out der) increasing by a factor of 5(!!!) since 2008.

(Thank you, Federal Reserve Bank of St. Louis for the graph. And also #*@! you.)

Now I don't know about you, but I haven't heard about any record-shattering gold discoveries of some mother lode of gold out there somewhere, have you?

Has the supply of gold doubled since 2012 like the monetary base has?

So the question of the day year, that libertarians absolutely have to answer for themselves, is what the H- E- double hockey sticks is going on out there that we didn't see coming?

All that powerful upward pressure on US dollar prices is not showing up at the check out counter, at the gas station, in the gold markets. Was Hayek wrong?

You and I both know how sound his understanding of markets was, and the impressive predictive power of his theory.

So what is exerting an even more powerful downward pressure on prices than the upward pressure of maddeningly massive, exponential-level monetary expansion?

There's something happening.

Monday, June 20, 2016

That Ron Paul Video That Got Us Paying Attention

Anybody else remember this Ron Paul video back in 2007?

I remember activists back then telling me how this video was so good it gave them chills and made them wonder who this congressman was that they had never heard of.

I remember seeing those signs that said, "Who is Ron Paul?" like it was yesterday, and the obvious reference to Ayn Rand's classic novel, Atlas Shrugged. Share if Ron Paul ever played an important role in your political awareness...

Sunday, March 16, 2014

This is seriously how it works. Anybody object?

I saw you without your seat belt on, so...

Saturday, March 15, 2014

Colorado Recreational Marijuana Tax Revenue Hits $2M in First Month

"This week the Colorado Department of Revenue released tax figures for the state’s first month of legal recreational marijuana sales and they are already comparable to tax receipts from alcohol sales, delivering on the promises of marijuana activists that legal marijuana could mean big revenue for state governments."

Read my entire article at Colorado Recreational Marijuana Tax Revenue Hits $2M in First Month

Wednesday, March 5, 2014

Congress Less Popular Than Toenail Fungus According to Public Policy Polling

No, this is not from the Onion.

It's a real scientific poll conducted last fall by Public Policy Polling.

In the survey, PPP actually asked 502 registered voters what they have a higher opinion of, Congress or toenail fungus, and toenail fungus came out on top with 44% of respondents holding it in higher esteem than they do Congress, and 41% saying they have a higher opinion of Congress.

Toenail fungus' slight lead over Congress may be due to the fact that unlike Congress, you can now actually get rid of toenail fungus with laser treatment.

Sorry, there's no such thing as a laser therapy that can sterilize your budget and freedoms from unwanted intrusion by moldy CSPAN characters.

The survey also found a number of other things voters regard more highly than Congress:

Respondents had a higher opinion of dog poop (47%) than Congress (40%), probably because dog poop creates more shovel-ready jobs.

Voters also prefer hipsters (42%) to Congress (33%).

Hey, how many hipsters does it take to screw in a lightbulb?

You wouldn’t know, it’s kind of an obscure number.

How many congressmen does it take to screw in a light bulb?

Five hundred and thirty-five, but only if the following conditions are met: The light bulb will not be changed in an election year. A committee will study the light-bulb situation for at least a year. Taxes will have to be raised. A fair and proportionate number of the light-bulb changers will be from minority groups. No Social Security funds will be used to change the bulb. Each state and congressional district will share in the benefits of changing the light bulb. The blame for the failure of the present bulb will be assigned to the other party. The new bulb will be twice as bright as the old bulb. Because the new bulb is twice as bright as the old bulb, it will cost 130 times as much. A Blue Ribbon Panel will investigate the light-bulb failures and issue a mega-page report to the congress. A fact-finding trip to all countries known to produce light bulbs will be made by most congressmen and their wives. The CIA will investigate the Russian light-bulb-changing system. And finally, each and every congressman will send every one of his constituents a newsletter describing how he managed to get the light bulb changed almost single-handedly.

Voters were especially excited to rate Congress (31%) lower than hemorrhoids (53%), perhaps because you can at least experience mild relief from hemorrhoids, but there is no cream soothing enough for the kind of pain in the ass Congress is.

The Definition of Libertarian: What Is Libertarian?


Where Did The Ron Paul Revolution Go?
That Classic Ron Paul Revolution Video from 2007
Ron Paul's "What If..." Address Nails US Foreign Policy

The Rand Paul Revolution?

The Tea Party Movement

The Libertarian Party

The Free State Project

The Seasteading Movement

The Austrian Economists

The Anarchists

The Voluntaryists: Stefan Molyneux and Peaceful Parenting

The Agorists: Market Alternatives as Subversion

Objectivism: The Philosophy of Ayn Rand

The Ronald Reagan Revolution

The Crypto-Anarchists: Digital Currency and 3D Printed Guns

WikiLeaks and the Power of Disclosures

The Beltway Libertarians: Think Tanks

State Sovereignty Libertarians

The Psychology Libertarians