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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: D.Austin who wrote (1003)1/6/2004 8:38:27 PM
From: D.Austin   of 1116
 
part 3 We are all democrats now

The federal government will not improve on its policies until the people coming to Washington are educated by a different breed of economists than those who dominate our government-run universities. Economic advisors and most officeholders merely reflect the economics taught to them. A major failure of our entire system will most likely occur before serious thought is given once again to the guidelines laid out in the Constitution.

The current economic system of fiat money and interventionism (both domestic and international) serves to accommodate the unreasonable demands for government to take care of the people. And this, in turn, contributes to the worst of human instincts: authoritarian control by the few over the many.

We, as a nation, have lost our understanding of how the free market provides the greatest prosperity for the greatest number. Not only have most of us forgotten about the invisible hand of Adam Smith, few have ever heard of Mises and Hayek- two individuals who understood exactly why all the economic ups and downs of the 20th century occurred, as well as the cause of the collapse of the Soviet Union.

But worst of all, we have lost our faith in freedom. Materialistic concerns and desire for security drive all national politics. This trend has sharply accelerated since 9/11.

Understanding the connection between liberty, prosperity, and security has been lost. The priorities are backwards. Prosperity and security come from liberty. Peace and the absence of war come as a consequence of liberty and free trade. The elimination of ignorance and restraints on do-goodism and authoritarianism in a civilized society can only be achieved through a contractual arrangement between the people and the government- in our case, the U.S. Constitution. This document was the best ever devised for releasing the creative energy of a free people while strictly holding in check the destructive powers of government. Only the rule of law can constrain those who, by human instinct, look for a free ride while delivering power to those few, found in every society, whose only goal in life is a devilish desire to rule over others.

The rule of law in a republic protects free-market activity and private-property ownership and provides for equal justice under the law. It is this respect for law and rights over government power that protects the mainspring of human progress from the enemies of liberty. Communists and other socialists have routinely argued that the law is merely a tool of the powerful capitalists. But they have it backwards. Under democracy and fascism, the pseudo-capitalists write the lawsthat undermine the Constitution and jeopardize the rights and property of all citizens. They fail to realize it is the real law, the Constitution itself, which guarantees rights and equal justice and permits capitalism, thus guaranteeing progress.

Arbitrary, ever-changing laws are the friends of dictators. Authoritarians argue constantly that the Constitution is a living document, and that rigid obedience to ideological purity is the enemy we should be most concerned about. They would have us believe that those who cherish strict obedience to the rule of law in the defense of liberty are wrong merely because they demand ideological purity. They fail to mention that their love of relative rights and pure democracy is driven by a rigid obedience to an ideology as well. The issue is never rigid beliefs versus reasonable friendly compromise. In politics, it's always competition between two strongly held ideologies. The only challenge for men and women of good will is to decide the wisdom and truth of the ideologies offered.

Nothing short of restoring a republican form of government with strict adherence to the rule of law, and curtailing illegal government programs, will solve our current and evolving problems.

Eventually the solution will be found with the passage of the Liberty Amendment. Once there is serious debate on this amendment, we will know that the American people are considering the restoration of our constitutional republic and the protection of individual liberty.

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