Posts Tagged ‘bastiat’

Publius

The Law: The Socialists

by Publius

From The Law, by Frederic Bastiat:

How did politicians ever come to believe this weird idea that the law could be made to produce what it does not contain — the wealth, science, and religion that, in a positive sense, constitute prosperity? Is it due to the influence of our modern writers on public affairs?

Present-day writers — especially those of the socialist school of thought — base their various theories upon one common hypothesis: They divide mankind into two parts. People in general — with the exception of the writer himself — from the first group. The writer, all alone, forms the second and most important group. Surely this is the weirdest and most conceited notion that ever entered a human brain!

In fact, these writers on public affairs begin by supposing that people have within themselves no means of discernment; no motivation to action. The writers assume that people are inert matter, passive particles, motionless atoms, at best a kind of vegetation indifferent to its own manner of existence. They assume that people are susceptible to being shaped — by the will and hand of another person — into an infinite variety of forms, more or less symmetrical, artistic, and perfected.

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Publius

The Law: What Is Law?

by Publius

From The Law, by Frederic Bastiat:


What, then, is law? It is the collective organization of the individual right to lawful defense.

Each of us has a natural right–from God–to defend his person, his liberty, and his property. These are the three basic requirements of life, and the preservation of any one of them is completely dependent upon the preservation of the other two. For what are our faculties but the extension of our individuality? And what is property but an extension of our faculties?

If every person has the right to defend — even by force — his person, his liberty, and his property, then it follows that a group of men have the right to organize and support a common force to protect these rights constantly. Thus the principle of collective right — its reason for existing, its lawfulness — is based on individual right. And the common force that protects this collective right cannot logically have any other purpose or any other mission than that for which it acts as a substitute. Thus, since an individual cannot lawfully use force against the person, liberty, or property of another individual, then the common force — for the same reason — cannot lawfully be used to destroy the person, liberty, or property of individuals or groups.

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Andrew Mellon

Where We Stand and Where We Must Go

by Andrew Mellon

As we embark upon a new year of trying to save this country and restore its founding principles, I have spent much time contemplating questions of readers — most important of which is that given the massive problems we continue to face, and would face even with the most principled conservative Executive, Legislative and Judicial branches, what can be done?

But in order to deal with our current struggles, we must recognize that they are symptoms.  The cure to these symptoms lies in dealing with their root causes.  However, even before dealing with our struggles and their root causes, we must ask, what is our vision for America, and what is the role of government in helping to ensure it rather than dooming us to never reach it?

My view of America is a country in which people are free to pursue their greatest good as they see it, or as the founders put it to create a land in which people can pursue their happiness.  This system presupposes that the people are protected.  Before people can partake in mutually beneficial trade and activity, they must be reasonably secure in their persons and their property.  As such, free markets and the free people that create these markets require strong national defense.

So the vision should be clear — government’s role is to lay the foundation for people to be free, furnishing and preserving prosperity by providing defense for it, both against external aggressors and internal ones by providing a set of stable laws protecting private property and contracts specifically and the individual generally.

Where we stand today is that the government, created to ensure these things is instead imperiling them.  Rather than securing private property it consumes and redistributes it.  Further, at every avenue government creates barriers to the free voluntary exchange of goods and services that heretofore have provided such unparalleled levels of comfort for us all.  Rather than defending us from foreign enemies it cuts deals with them, concedes to them and generally submits to them out of political correctness, moral relativism and an inane commitment to multiculturalism.

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Gary Wolfram

Do We Need a National Commission on Fiscal Responsibility and Reform?

by Gary Wolfram

The President’s National Commission on Fiscal Responsibility and Reform is what everyone really knows it is—a bipartisan group of former and current political elites that will listen to hours of testimony by a select group of witnesses in order to create a report that will justify a tax increase for which there does not exist political support. The fact that the commission is being created by Executive Order rather than by congressional action tells us what the expected conclusion of the commission will be.

concept of bankruptcy

We do not need another commission to know that decades of programs that tax those who work in order to provide benefits to those who are in political favor has led to the point where the promises made to millions of Americans cannot possibly be met. To quote from the Social Security and Medicare Board of Trustees 2009 Annual Report: “Projected long run program costs are not sustainable under current program parameters.” This is government-speak for: “the jig is up.” The Social Security cash flow will be negative by 2016, at which time the baby-boomers will start to retire and things go south ever faster.

To again quote from the report: “Medicare’s financial status is much worse…Medicare already runs cash flow deficits…For the third consecutive year, a ‘Medicare funding warning’ is being triggered, signaling that non-dedicated sources of revenues—primarily general revenues—will soon account for more than 45 percent of Medicare’s outlays. A Presidential proposal will be needed in response to the latest warning.” We don’t need a bipartisan commission to tell us what the problem is. Social Security and Medicare have total unfunded liabilities in excess of $100 trillion. We need Presidential leadership that will address the spending problems that are the result of a government that has been shorn of the limitations of the 10th amendment.

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