Tag Archives: Security

Videos

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

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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?

News

What are the consequencs of treating terrorism as a law enforcement issue?

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Story from the UK Telegraph. (H/T Weasel Zippers via ECM)

Excerpt:

The chance to secure crucial information about al-Qaeda operations in Yemen was lost because the Obama administration decided to charge and prosecute Umar Farouk Abdulmutallab as an ordinary criminal, critics say. He is said to have reduced his co-operation with FBI interrogators on the advice of his government-appointed defence counsel.

[…]”He was singing like a canary, then we charged him in civilian proceedings, he got a lawyer and shut up,” Slade Gorton, a member of the 9/11 Commission that investigated the Sept 2001 terror attacks on the US, told The Sunday Telegraph.

[…]Abdulmutallab could have been held and interrogated in military custody under existing US legislation before a decision was taken whether to charge him before a military tribunal or a civilian court, according to Michael Mukasey, the last Attorney General under President George W Bush.

Mr Mukasey argues that it was crucial to gain intelligence from him immediately as details about locations, names and other plots is subject to rapid change. For the same reason, he dismissed the argument by John Brennan, Mr Obama’s chief counter-terrorism adviser, that investigators will garner valuable data during any plea-bargaining talks.

Democrats are not serious about counter-terrorism.

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News

Are public sector union employees paid too much?

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From the Competitive Enterprise Institute. (H/T ECM)

Excerpt:

The most recent BLS release on employee compensation (issued December 9, 2009) states that, during September 2009, “[p]rivate industry employer compensation costs averaged $27.49 per hour worked,” while, “[s]tate and local government compensation costs averaged $39.83 per hour worked” — a difference of over $12.00 an hour.

Moreover, a greater proportion of public employees get benefits, and they get greater employer contributions.

[,,,]And still that’s not all. As Don Bellante of the University of South Florida, David Denholm of the Public Service Research Foundation, and I note in our Cato Institute study on the topic, another benefit unionized government workers get is job security unlike any found in the private sector.

[…]Even worse, the greatest costs associated with public sector unions often do not become apparent for many years, in the form of pensions.

There’s a lot more here. It’s a nightmare. I try not to sound too upset about it, but it really is bad. Speaking as a private sector employee, I cannot afford ME and adult day care for government-employees who aren’t even accountable to their customers.