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Can Toyota and Reason Overcome Blindness? – Article by Edward Hudgins

Can Toyota and Reason Overcome Blindness? – Article by Edward Hudgins

The New Renaissance HatEdward Hudgins
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If you’ve shut your eyes at the ugly spectacle of political and cultural decline around you, look in the right direction and you’ll see what’s best in the world, including innovations from Toyota that are helping the visually impaired.

Technology helping the blind see

The research department at the world-class auto maker is doing more than designing Priuses. It recently unveiled Project BLAID, a shoulder and neck-worn device that can help guide visually-impaired folks through building interiors with cameras, speakers and other technology. This is just one nice bit of good news in a world where the media is ruled by “if it bleeds, it leads.” This is one of many innovations in a world that is being transformed by exponential technologies.

For example, in January an Australian research team at Monash University announced development of another system to help the blind that it will test soon. It bypasses the eyeball, which is often damaged beyond use in blind people, and uses a pair of glasses that feeds visual data directly into the brain. At this time that technology at best would give blind people very limited vision, only enough to let them maneuver around like the Toyota technology does. But it’s a start.

Technology helping the deaf hear

Let’s remember that in recent decades, some 190,000 deaf individuals have received cochlear implants. These devises do not simply amplify sound as do hearing aids. They translate sound into electrical impulses that directly stimulate the cochlear nerve in the ear so the individuals can hear. It is estimated that around 150,000 children are born each year with hearing impairment so serious that they could benefit from such implants.

So as the costs of these implants decrease, we will see the gradual elimination of the ago-old scourge of deafness just as the blight of blindness will gradually disappear from list of human woes as companies like Toyota continue their work.

Reason as the cure

The proximate cause of all this good news is the exponential increase in information processing capability, usually called “Moore’s law.” Since the mid-1960s the capacities of semiconductors have doubled every eighteen months. A capacity of 1,000 at that time is 2,000,000,000 today. That means not only the advent of laptops, tablets, and smart phones but also medical devises that would have been thought science fiction decades ago.

But what is really behind these achievements is a moral code that treats rationality as our highest virtue and human achievement as our highest purpose. It is a commitment by individuals to objective reasoning and to understanding the world so that they can control it to enhance human life and flourishing. And it is a joy that individuals take in the process of understanding and creating.

Ayn Rand called machines “the frozen form of living intelligence.” Do you want to live in a world from which blindness and other illnesses or physical defeats are banished? Then fight for this morality of reason.

Dr. Edward Hudgins directs advocacy and is a senior scholar for The Atlas Society, the center for Objectivism in Washington, D.C.

Copyright The Atlas Society. For more information, please visit www.atlassociety.org.

The Fed: Mend It or End It? – Article by Ron Paul

The Fed: Mend It or End It? – Article by Ron Paul

The New Renaissance Hat
Ron Paul
June 3, 2012
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In early May 2012, I held a hearing to examine the various proposals that have been put forth both to mend and to end the Fed.  The purpose was to spur a vigorous and long-lasting discussion about the Fed’s problems, hopefully leading to concrete actions to rein in the Fed.

First, it is important to understand the Federal Reserve System.  Some people claim it is a secret cabal of elite bankers, while others claim it is part of the federal government.  In reality it is a bit of both.  The Federal Reserve System is the collusion of big government and big business to profit at the expense of taxpayers.  The Fed’s bailout of large banks during the financial crisis propped up poorly-run corporations that should have gone under, giving them a market-distorting advantage that no business in the United States should receive.  The recent news about JP Morgan is a case in point.  JP Morgan, a recipient of $25 billion in bailout money, recently announced it lost another $2 billion.  If a corporation shows itself to be a bottomless money pit of “errors, sloppiness and bad judgment,” the Fed shouldn’t have expected $25 billion in free money to change that or teach anyone a lesson in fiscal discipline.  But it determined that this form of deliberate capital destruction was preferable to one business suffering bankruptcy.  Clearly, some changes need to be made.

Several reforms for the Fed were discussed at the hearing.  One was a call for the full-employment mandate to be repealed, in order to allow the Fed to focus solely on stable prices.

Another reform calls for changes to the composition of the Federal Open Market Committee.  Still another proposal was for outright nationalization of the Fed or of its functions.  But if what the Fed does now is bad and inflationary, allowing the Treasury to print and issue money at-will would be even worse, and could possibly lead to a Weimar-like hyperinflation.

The problems and advantages of the gold standard were discussed at the hearing.  The era of the classical gold standard was undoubtedly one of the greatest eras in human history.  For a period of several decades in the late 19th century, the West made enormous advances.  However, the gold standard was still run by government.  The temptation to suspend gold redemption reared its head again with the outbreak of World War I.  Once the tie to gold was severed and fiscal restraint thrown to the wind, undoing the damage would have required great fiscal austerity.  Instead, the Western world proceeded to set up a gold-exchange standard which lasted not even a decade before easy money led to the Great Depression.

While returning to the gold standard would certainly be far better than maintaining the current fiat paper system, as long as the government retains the power to go off gold we may end up repeating the same mistakes.

The only viable solution is to get government out of the money business permanently.  The way to bring this about is through currency competition: allow parallel currencies to circulate without receiving any special recognition or favor from the government.  Fiat paper monetary standards throughout history have always collapsed due to their inflationary nature, and our current fiat paper standard will be no different.

It is imperative that the American people be educated on the dangers of the Fed and the importance of restoring sound money.  The laying of the groundwork must begin today, so that the American people will be prepared for the day when the mirage the Fed has created evaporates completely.  The full hearing footage is available on my website, and I would encourage every American to take a look.

Representative Ron Paul (R – TX), MD, is a 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.