Tag Archives: Politics

MUST-SEE: The John Maynard Keynes vs Friedrich A. Hayek rap video

This is from ECM.

I watched this about a half-dozen times so far. It’s awesome! I love it!

I’m sure it will come as no surprise to everyone that I come out on Hayek’s side on this debate. I like the Austrian School of Economics. I’m a supply-sider. I believe in the free market, free trade, private property, saving and investing, entrepreneurship, distributed power, small government, and freedom from government intervention.

Who was F.A. Hayek?

F.A. Hayek was the greatest economist of the 20th century. He won the Nobel prize in Economics. His greatest works are “The Road to Serfdom”, “The Constitution of Liberty”, and “The Fatal Conceit”. If you take a look at the list of the top 10 books that all conservatives should read, you will see that The Road to Serfdom is #1 and The Constitution of Liberty is #10 on the list.

And lucky you, because you can find a free condensed version of the Road to Serfdom here.

But wait! There’s more!

This is part 1 of a 3 part series produced for PBS called “The Command Heights: The Battle for the World Economy”. But the only part you need to watch to learn about Keynes and Hayek is part 1, which is 2 hours long.

This video is basically a history of the 20th century from the point of view of an economist. This is a must see for you young people who don’t know who Reagan and Thatcher were. These two leaders were the greatest defenders of freedom in the 20th century, along with Winston Churchill. And they’re both solid Christians, acting from a Christian and capitalist worldview that valued liberty, security and prosperity.

Today, Stephen Harper, the prime minister of Canada, best embodies the free-market, freedom-loving ideas of Hayek, while Barack Obama embodies the big-government, deficit-spending ideas of Keynes. Guess which economy is doing better?

How serious is Obama about stopping the persecution of Christians abroad?

Consider this article from National Review. (H/T Muddling Towards Maturity)

Excerpt:

Connect these dots: In Nigeria this week, Muslim youths set fire to a church, killing more than two dozen Christian worshippers. In Egypt, Coptic Christians have been suffering increased persecution including, this month, a drive-by shooting outside a church in which seven people were murdered. In Pakistan, Christian churches were bombed over Christmas. In Turkey, authorities have been closing Christian churches, monasteries, and schools, and seizing Christian properties. Recently, churches in Malaysia have been attacked, too, provoked by this grievance: Christians inside the churches were referring to God as “Allah.” How dare infidels use the same name for the Almighty as do Muslims!

In response to all this, Western journalists, academics, diplomats, and politicians mainly avert their eyes and hold their tongues. They pretend there are no stories to be written, no social pathologies to be documented, no actions to be taken. They focus instead on Switzerland’s vote against minarets and anything Israel might be doing to prevent terrorists from claiming additional victims.

[…]Not so long ago, the Broader Middle East was a diverse region. Lebanon had a Christian majority for centuries but that ended around 1990 — the result of years of civil war among the country’s religious and ethnic communities. The Christian population of Turkey has diminished substantially in recent years. Islamists have driven Christians out of Bethlehem and other parts of the West Bank; almost all Christians have fled Gaza since Hamas’s takeover.

Muddling has some pictures of a protest by Egyptian Coptic Christians in front of the United Nations building.

CNS News notes that Obama has yet to appoint an ambassador for international religious freedom.

Excerpt:

One year after President Obama took office, the administration’s top international religious freedom post remains empty, at a time when a wave of religious persecution is troubling veteran campaigners.

“President Obama has not yet named an ambassador-at-large for international religious freedom,” a State Department press officer confirmed by phone late Wednesday.

The Christian advocacy organization Open Doors USA launched a petition Wednesday urging Obama to appoint an ambassador immediately, saying that leaving the position unfilled violated U.S. law.

“By not having an ambassador-at-large for the past 12 months, the U.S. has failed to demonstrate the importance of religious freedom,” said advocacy director Lindsay Vessey.

The liberties of Christians and other persecuted religious minorities abroad must not be a real big blip on his secular leftist radar.

Supreme Court sides with Conservative Party against price-fixing monopoly

Prime Minister Stephen Harper

Story here from the Vancouver Sun. (H/T Andrew)

Excerpt:

The Canadian Wheat Board cannot spend money on advocacy to protect its monopoly, following a Supreme Court of Canada decision Thursday against hearing an appeal from the Winnipeg-based agency, which asserts that it has been silenced by the Conservative government.

Without giving reasons, the high court declined the appeal application to a Federal Court of Appeal ruling that sided with the federal government in its 2006 order from then-agriculture minister Chuck Strahl for the board to refrain from spending its money on lobbying.

[…]The federal Conservatives are seeking to end the board’s monopoly, which is controlled by farmers. The monopoly makes the agency one of the world’s biggest exporters of wheat and barley.

The board maintains that the monopoly ensures farmers receive the best prices for their grain, but the federal government, along with some farmers, say that they would be better off in a free market, selling their products on their own.

Conservatives are for a free market and competition, because we believe that it is the best way for consumers to get a low price and high quality. The proper role of government is to ensure that no organization or business enjoys monopoly status due to the government insulating them from competition. The Canadian Wheat Board is just one option, but farmers should have other choices to sell their product.

Capitalism is opposed to monopolies and it is the proper role of government to make sure that no government policy is set up to favor one corporation over any competitor. Let the farmers choose what is best for them. Choice and competition.