Mr. Stolyarov argues that, whether or not anthropogenic global warming is real, political interference is not the proper way to address it. The solution is maximum individual liberty and freedom for entrepreneurs to innovate and develop improved technologies.
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One of the most enduring myths in the United States is that this country has a free market, when in reality, the market is merely the structural shell of formerly free institutions. The federal government pulls the strings behind the scenes. No better illustration of this can be found than in the Federal Reserve’s manipulation of interest rates.
The Fed has interfered with the proper function of interest rates for decades, but perhaps never as boldly as it has in the past few years through its policies of quantitative easing. In Chairman Bernanke’s most recent press conference he stated that the Fed wishes not only to drive down rates on Treasury debt, but also rates on mortgages, corporate bonds, and other important interest rates. Markets greeted this statement enthusiastically, as this means trillions more newly-created dollars flowing directly to Wall Street.
Because the interest rate is the price of money, manipulation of interest rates has the same effect in the market for loanable funds as price controls have in markets for goods and services. Since demand for funds has increased, but the supply is not being increased, the only way to match the shortfall is to continue to create new credit. But this process cannot continue indefinitely. At some point the capital projects funded by the new credit are completed. Houses must be sold, mines must begin to produce ore, factories must begin to operate and produce consumer goods.
But because consumption patterns have either remained unchanged or have become more present-oriented, by the time these new capital projects are finished and begin to produce, the producers find no market for their goods. Because the coordination between savings and consumption was severed through the artificial lowering of the interest rate, both savers and borrowers have been signaled into unsustainable patterns of economic activity. Resources that would have been used in productive endeavors under a regime of market-determined interest rates are instead shuttled into endeavors that only after the fact are determined to be unprofitable. In order to return to a functioning economy, those resources which have been malinvested need to be liquidated and shifted into sectors in which they can be put to productive use.
Another effect of the injections of credit into the system is that prices rise. More money chasing the same amount of goods results in a rise in prices. Wall Street and the banking system gain the use of the new credit before prices rise. Main Street, however, sees the prices rise before they are able to take advantage of the newly-created credit. The purchasing power of the dollar is eroded and the standard of living of the American people drops.
We live today not in a free market economic system but in a “mixed economy”, marked by an uneasy mixture of corporatism; vestiges of free-market capitalism; and outright central planning in some sectors. Each infusion of credit by the Fed distorts the structure of the economy, damages the important role that interest rates play in the market, and erodes the purchasing power of the dollar. Fed policymakers view themselves as wise gurus managing the economy, yet every action they take results in economic distortion and devastation.
Unless Congress gets serious about reining in the Federal Reserve and putting an end to its manipulation, the economic distortions the Fed has caused will not be liquidated; they will become more entrenched, keeping true economic recovery out of our grasp and sowing the seeds for future crisis.
Representative Ron Paul (R – TX), MD, was a three-time Republican candidate for U. S. President. See his Congressional webpage and his official campaign website.
This article has been released by Dr. Paul into the public domain and may be republished by anyone in any manner.
Contrary to popular belief, automation does not lead to the loss of jobs. Automation is humankind’s best friend in terms of raising standards of living and freeing up human efforts to be devoted to truly creative and innovative tasks. Furthermore, Mr. Stolyarov argues that jobs are not in themselves a desirable goal; higher prosperity is – and higher prosperity allows humans to enjoy greater leisure while producing more than their ancestors could with more primitive tools.
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Mr. Stolyarov’s fourth musical opus was composed in 2001 and has an atmosphere reminiscent of some of the lighter dances of the 18th-century Classical era.
Download the MP3 file of this composition here.
See the index of Mr. Stolyarov’s compositions, all available for free download, here.
The artwork is Mr. Stolyarov’s Abstract Orderism Fractal 37, available for download here and here.
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This is one of Mr. Stolyarov’s first compositions, written in 2001 and played in Finale 2011 Software using the Steinway Grand Piano instrument. It is a pleasant minuet-like piece in 3/4 meter that evokes the harmonies of the Classical Era.
Download the MP3 file of this composition here.
See the index of Mr. Stolyarov’s compositions, all available for free download, here.
The artwork is Mr. Stolyarov’s Abstract Orderism Fractal 4 (Feather Fractal), available for download here and here.
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The attack on the US consulate in Libya and the killing of the US Ambassador and several aides is another tragic example of how our interventionist foreign policy undermines our national security. The more the US tries to control the rest of the world, either by democracy promotion, aid to foreign governments, or by bombs, the more events spin out of control into chaos, unintended consequences, and blowback.
Unfortunately, what we saw in Libya last week is nothing new.
In 1980s Afghanistan, the US supported Islamic radicals in their efforts to expel the invading Soviet military. These radicals became what is known to be al-Qaeda, and our one-times allies turned on us most spectacularly on September 11, 2001.
Iraq did not have a significant al Qaeda presence before the 2003 US invasion, but our occupation of that country and attempt to remake it in our image caused a massive reaction that opened the door to al Qaeda, leading to thousands of US soldiers dead, a country destroyed, and instability that shows no sign of diminishing.
In Libya we worked with, among others, the rebel Libyan Fighting Group (LIFG) which included foreign elements of al-Qaeda. It has been pointed out that the al-Qaeda affiliated radicals we fought in Iraq were some of the same groups we worked with to overthrow Gaddafi in Libya. Last year in a television interview I predicted that the result of NATO’s bombing of Libya would likely be an increased al-Qaeda presence in the country. I said at the time that we may be delivering al-Qaeda another prize.
Not long after NATO overthrew Gaddafi, the al Qaeda flag was flown over the courthouse in Benghazi. Should we be surprised, then, that less than a year later there would be an attack on our consulate in Benghazi? We have been told for at least the past eleven years that these people are the enemy who seeks to do us harm.
There is danger in the belief we can remake the world by bribing some countries and bombing others. But that is precisely what the interventionists – be they liberal or conservative – seem to believe. When the world does not conform to their image, they seem genuinely shocked. The secretary of state’s reaction to the attack on the US consulate in Benghazi was one of confusion. “How could this happen in a country we helped liberate, in a city we helped save from destruction,” she asked.
The problem is that we do not know and we cannot know enough about these societies we are seeking to remake. We never try to see through the eyes of those we seek to liberate. Libya is in utter chaos, the infrastructure has been bombed to rubble, the economy has ceased to exist, gangs and militias rule by brutal force, the government is seen as a completely illegitimate and powerless US puppet. How could anyone be shocked that the Libyans do not see our bombing their country as saving it from destruction?
Currently, the US is actively supporting rebels in Syria that even our CIA tells us are affiliated with al Qaeda. Many of these radical Islamist fighters in Syria were not long ago fighting in Libya. We must learn from these mistakes and immediately cease all support for the Syrian rebels, lest history once again repeat itself. We are literally backing the same people in Syria that we are fighting in Afghanistan and that have just killed our ambassador in Libya! We must finally abandon the interventionist impulse before it is too late.
Representative Ron Paul (R – TX), MD, was a three-time Republican candidate for U. S. President. See his Congressional webpage and his official campaign website.
This article has been released by Dr. Paul into the public domain and may be republished by anyone in any manner.
Early September 2012 marked the conclusion of the grand taxpayer-funded spectacles known as the national party conventions. It is perhaps very telling that while $18 million in tax dollars was granted to each party for these lavish ordeals, an additional $50 million each was needed for security in anticipation of the inevitable protests at each event. This amounts to a total of $136 million in taxpayer funds for strictly partisan activities – a drop in the bucket relative to our disastrous fiscal situation, but disgraceful nonetheless. Parties should fund their own parties, not the taxpayer.
At these conventions, leaders determined, or pretended to determine, who they wished to govern the nation for the next four years amidst inevitable, endless exaltations of democracy. Yet we are not a democracy. In fact, the founding fathers found the concept of democracy very dangerous.
Democracy is majority rule at the expense of the minority. Our system has certain democratic elements, but the founders never mentioned democracy in the Constitution, the Bill of Rights, or the Declaration of Independence. In fact, our most important protections are decidedly undemocratic. For example, the First Amendment protects free speech. It doesn’t – or shouldn’t – matter if that speech is abhorrent to 51% or even 99% of the people. Speech is not subject to majority approval. Under our republican form of government, the individual, the smallest of minorities, is protected from the mob.
Sadly, the constitution and its protections are respected less and less as we have quietly allowed our constitutional republic to devolve into a militarist, corporatist social democracy. Laws are broken, quietly changed and ignored when inconvenient to those in power, while others in positions to check and balance do nothing. The protections the founders put in place are more and more just an illusion.
This is why increasing importance is placed on the beliefs and views of the president. The very narrow limitations on government power are clearly laid out in Article, 1 Section 8, of the Constitution. Nowhere is there any reference to being able to force Americans to buy health insurance or face a tax/penalty, for example. Yet this power has been claimed by the executive and astonishingly affirmed by Congress and the Supreme Court. Because we are a constitutional republic, the mere popularity of a policy should not matter. If it is in clear violation of the limits of government and the people still want it, a Constitutional amendment is the only appropriate way to proceed. However, rather than going through this arduous process, the Constitution was in effect, ignored and the insurance mandate was allowed anyway.
This demonstrates how there is now a great deal of unhindered flexibility in the Oval Office to impose personal views and preferences on the country, so long as 51% of the people can be convinced to vote a certain way. The other 49% on the other hand have much to be angry about and protest under this system.
We should not tolerate the fact that we have become a nation ruled by men, their whims and the mood of the day, and not laws. It cannot be emphasized enough that we are a republic, not a democracy and, as such, we should insist that the framework of the Constitution be respected and boundaries set by law are not crossed by our leaders. These legal limitations on government assure that other men do not impose their will over the individual, rather, the individual is able to govern himself. When government is restrained, liberty thrives.
Representative Ron Paul (R – TX), MD, was a three-time Republican candidate for U. S. President. See his Congressional webpage and his official campaign website.
This article has been released by Dr. Paul into the public domain and may be republished by anyone in any manner.
Mr. Stolyarov explains why recent riots in the Middle East and some Western countries should not be allowed to infringe upon the absolutely vital right of free speech – including tasteless and offensive speech – for any individuals. Only by allowing unbridled criticism of political and religious ideas can a society undergo true innovation and transformative changes that raise standards of living across the board.
Mr. Stolyarov also elaborates upon the absolute distinction between the expression of ideas and physical actions that have the potential to harm other people. He explains that an idea per se can be interpreted in many ways and is not a guarantee of any given behavior. Furthermore, he criticizes the “internationalist” school of law, which would subordinate the American First Amendment to a repressive global “consensus” which would limit certain forms of unpopular expression. The pursuit of truth, not consensus, ought to determine which ideas prevail and which are abandoned.
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Mr. Stolyarov condemns the murderous attacks on U.S. facilities in Libya, Egypt, and Yemen and discusses how the philosophy of collectivism and collective guilt is the motivation for the attacks. These completely unjustified killings should result in the recognition that individuals should only be judged as individuals and only for the deeds that they personally committed, and that guilt by association is unacceptable. Mr. Stolyarov also calls for a non-interventionist foreign policy, for the individual perpetrators of the atrocities to be brought to justice, and for a more general Enlightenment to occur in the Middle East.
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References
-“US envoy killed as Libya mob storms embassy” – Agence France-Presse – September 12, 2012
-“New details emerge of anti-Islam film’s mystery producer” – Moni Basu – CNN- September 13, 2012
– “2012 U.S. diplomatic missions attacks”
– “Yemeni protesters storm U.S. embassy compound in Sanaa” – Reuters – Mohammed Ghobari – September 13, 2012
– “Libya arrests four suspected in deadly US Consulate attack in Benghazi” – NBC News – September 13, 2012
This 2008 composition was written strictly in the sonata-allegro form popular in the late 18th century. Harmonies commonly present in music of the Classical era also frequently occur. This version is played in the Finale 2011 software using the Steinway Grand Piano instrument.
This is the form of the composition:
Exposition:
First Theme in the key of C major.
Bridge to Second Theme, incorporating elements of First Theme.
Second Theme, in the key of G major.
Development:
Elements of First and Second Theme varied, intertwined, and modulated, culminating in a Retransition to the First Theme.
Recapitulation:
First Theme in the key of C major.
Bridge to Second Theme, incorporating elements of First Theme.
Second Theme, in the key of C major.
***
Download the MP3 file of this composition here.
See the index of Mr. Stolyarov’s compositions, all available for free download, here.
The artwork is Mr. Stolyarov’s Abstract Orderism Fractal 44, available for download here and here.
Remember to LIKE, FAVORITE, and SHARE this video in order to spread rational high culture to others.