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Monthly archive: March, 2009

Meltdown: 2009 Book of the Year

March 30, 2009, by Doug No comments yet

meltdownjpgSometimes you stumble across a book that will simply be the best for an entire year, even if the year has just begun. In early 2008 I read Jonah Goldberg’s Liberal Fascism, an excellent historical piece about the history of fascism in the 1900s.

I just finished reading historian Thomas E. Woods, Jr’s book, Meltdown. Since 2009 will likely be remembered at the year that the State attempted to conquer our economic woes, and since it happens to be the first economics book on the market that explains in layman’s terms what has been going on over the past few years and decades, I’m declaring it the 2009 Book of the Year. Why? Because it can speak to all levels of economic understanding and still serve its purpose, which is to educate the reader about basic economic and historical facts. It also points to the fact that the Austrian school of economic theory predicted this (and other) crashes, and that perhaps those who were prophetic enough to explain how and why such crashes occur, we should at least hear their advice when it comes to public policy.

If you believe that what we are currently experiencing is a “failure” of the free market; if you believe that government regulation was absent during the past decade or beyond; if you believe that intervention, bailouts, and “doing something” will actually help us; if you believe that government has the means to save us; Meltdown is for you to read. It’s under 200 pages, and it is well worth the time. I’ll even let you borrow mine.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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Why Making Money is Fundamentally Moral

March 30, 2009, by Doug 2 comments

lapinI’m always on the lookout to share things on my blog, whether it be text, audio, or video, to represent some of my own beliefs and that of those from whom I learn. Sometimes I listen to an audio lecture or sermon, and I am very moved by what was said. Oftentimes I think, “I wish I could post this on my blog,” but then I realized that I’d be posting many audio files, and it would be overwhelming.

The other day, I listened to Rabbi Daniel Lapin’s lecture at the Ludwig von Mises Institute’s 2009 Austrian Scholars Conference, titled, “What is Morally Right About Economic Freedom.” It was one of the most fascinating lectures—one might call it a homily or sermon—on the biblical support for a free market, with some interesting perspectives on some passages in the Hebrew Scriptures. At the heart of the sermon is the fundamental belief that making money is a good thing because it represents an act of loving one’s neighbor and serving others. Later in the lecture he passionately states that those who wish to make money must be obsessed with the needs of our neighbor and not our own needs. In a very provocative way he turns upside down the idea of service to one’s neighbor.

Click here for the link. I hope you enjoy. Please let me know what you think.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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A Higher “Calling”

March 23, 2009, by Doug No comments yet

During the election season, many supporters of Barack Obama loved the fact that he abandoned a business career for a career in public service, or popularly stated, “community organizing.” So the story goes, one is more reputable and favorable if he or she doesn’t pursue a high-paying career. The best examples in our country, and the best people we have, so the fashionable opinion goes, is those who “give up” so others could have more, or have a better chance, or have a better opportunity.

No doubt lawmakers are necessary to protect people who are underprivileged from becoming victims of fraud and deceit, or from being exploited illegally. Even libertarians understand the proper place of the rule of law. That’s not the issue. My complaint is about the fallacy that public servants such as Barack Obama are better than those who do not pursue high-paying careers (as if people who make a lot of money simply did it because they could make a lot of money).

Throughout seminary I heard it said that Christian ministry doesn’t just fit within the boundaries of Sunday services, or “vocational ministry” jobs such as employees of a missions agency or religious school or a church staff. Likewise, I do not believe the term “public servant” is limited to the politician, the community organizer, and those who volunteer their time for helping the needy. Indeed, for the most part, with the [possible] exception of volunteers, those types of public servants are actually draining from society more than they are helping it out. Unless those organizations are making a profit, or are producing something that makes a profit over that from which the resources are being taken, they are wasting resources.

Entrepreneurs, on the other hand, are possibly one of the most important players in a prosperous and sustainable economy. Without them people won’t have work, and without work people cannot pursue self-development. When entrepreneurs provide jobs, others have the opportunity to learn, grow, and better themselves, wherever they start on the ladder (that is, if the minimum wage laws didn’t price people out of jobs to begin with).

An entrepreneur IS a public servant, with rewards dictated by how well that entrepreneur uses the resources within his reach. Sure, there are the Madoffs of the world who don’t care; that’s what the rule of law is for. But strictly speaking, entrepreneurs create opportunity, and the profit they receive is a due reward for the benefits they bring to society. For entrepreneurs like Bill Gates, while we may claim he has “too much money” (he doesn’t—if he had double imagine the good that could be done), none of us complains that he attained his wealth at “our expense.” Of course he gained his wealth at our expense! What he created was more valuable to us than the money in our pockets! Had it not been what we wanted, he would have been wasting resources, and his business should have gone bankrupt and the resources he was wasting would have been utilized elsewhere in a more beneficial area.

Profit is an incredibly important indicator as to the stewardship of resources (economists call it allocation or misallocation). Christians must take stewardship seriously, and when endeavors that are not good stewards of the limited resources our world has, those endeavors must end; in the case of a business misusing resources, they must “go under,” and those resources that were being wasted must be allocated elsewhere. In other words, without a profit, resources are being wasted. One can’t consume, consume, consume, and expect life to sustainably get better. Eventually, the bubble bursts (which is what is happening now in our economy). Yes, some “excess” can be allocated to work for the “common good,” but when that route is taken, rarely are resources profitably allocated. But without the creation of resources, simply taking from the success of others and using those resources to consume other resources—without creating new ones to replace the used-up ones with—is poor stewardship.

I’m not saying all “public servants” are draining from the economy; that can only be decided on a case-by-case basis. But imagine if Barack Obama, one of the most talented, gifted, and successful men in our time, had used his abilities to build a business and create jobs. He’d have done it ethically, and would treat his people equally. Surely a man as gifted as Obama would be an excellent boss to work for, and perhaps more people would be out of poverty. No, instead he is punishing those who are successful, telling those who have yet to be successful that he will take care of them, and promising to take more from those who create jobs for those seeking to work. I’m sorry, but that type of public servant I’m no fan of. It’s poor stewardship, it’s unethical, and it’s pretty despicable when you get into the details of it.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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The letter I wanna write to the IRS

March 12, 2009, by Doug No comments yet

I would write the following letter to the IRS, but I’m a peaceful citizen who “turns the other cheek” when it comes to aggressive coercion.

“Dear IRS, I’m sorry to inform you that I’m not going to be able to pay the taxes owed on April 15th, but all is not lost. I paid these taxes, accounts receivable tax, building permit tax, CDL tax, corporate income tax, dog license tax, federal income tax, unemployment tax, gas tax, hunting license tax, fishing license tax, waterfowl stamp tax, inheritance tax, inventory tax, liquor tax, luxury tax, Medicare tax, city tax, school and county property tax up to 33% the last four years. Real estate tax, Social Security tax, road use tax, toll road tax, state and city sales tax, recreational vehicle tax, sales franchise tax, state unemployment tax, federal excise tax, telephone tax, telephone federal state and local surcharge tax, telephone minimum usage surcharge tax, telephone state and local tax, utility tax, vehicle tax, registration tax, capital gains tax, lease severance tax, oil and gas assessment tax, Colorado property tax, Texas, Colorado, Wyoming, Oklahoma, Mexico sales tax and many more I can’t recall and I’ve run out of space and money. When you do not receive my check April 15th, just know that it was an honest mistake. Please treat me the same as the way you’ve treated Congressman Charlie Rangel, Chris Dodd, Barney Frank, ex-congressman Tom Daschle and, of course, your boss, Timothy Geithner. No penalties, no interest. PS, I’ll make at least a partial payment as soon as I get my stimulus check.

Ed Barnett, Wichita Falls.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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Threat to Liberty

March 11, 2009, by Doug No comments yet

Those in government who wish to diminish our liberty know that we fear losing our liberty. They play upon that fear constantly by invoking and inventing new enemies and telling us that those enemies threaten our security and liberty. In that way, they sell themselves as the protectors of liberty and security. That is how they extend their power and control over our lives. They diminish our liberty by a ruse. Rulers are masters of deception.

Click here for the full article.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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Imagine…

March 10, 2009, by Doug 2 comments

From Ron Paul’s Texas Straight Talk:

Imagine for a moment that somewhere in the middle of Texas there was a large foreign military base, say Chinese or Russian. Imagine that thousands of armed foreign troops were constantly patrolling American streets in military vehicles. Imagine they were here under the auspices of “keeping us safe” or “promoting democracy” or “protecting their strategic interests.”

Imagine that they operated outside of US law, and that the Constitution did not apply to them. Imagine that every now and then they made mistakes or acted on bad information and accidentally killed or terrorized innocent Americans, including women and children, most of the time with little to no repercussions or consequences. Imagine that they set up check points on our soil and routinely searched and ransacked entire neighborhoods of homes. Imagine if Americans were fearful of these foreign troops, and overwhelmingly thought America would be better off without their presence.

Imagine if some Americans were so angry about them being in Texas that they actually joined together to fight them off, in defense of our soil and sovereignty, because leadership in government refused or were unable to do so. Imagine that those Americans were labeled terrorists or insurgents for their defensive actions, and routinely killed, or captured and tortured by the foreign troops on our land. Imagine that the occupiers’ attitude was that if they just killed enough Americans, the resistance would stop, but instead, for every American killed, ten more would take up arms against them, resulting in perpetual bloodshed. Imagine if most of the citizens of the foreign land also wanted these troops to return home. Imagine if they elected a leader who promised to bring them home and put an end to this horror.

Imagine if that leader changed his mind once he took office.

The reality is that our military presence on foreign soil is as offensive to the people that live there as armed Chinese troops would be if they were stationed in Texas. We would not stand for it here, but we have had a globe straddling empire and a very intrusive foreign policy for decades that incites a lot of hatred and resentment towards us.

According to our own CIA, our meddling in the Middle East was the prime motivation for the horrific attacks on 9/11. But instead of re-evaluating our foreign policy, we have simply escalated it. We had a right to go after those responsible for 9/11, to be sure, but why do so many Americans feel as if we have a right to a military presence in some 160 countries when we wouldn’t stand for even one foreign base on our soil, for any reason? These are not embassies, mind you, these are military installations. The new administration is not materially changing anything about this. Shuffling troops around and playing with semantics does not accomplish the goals of the American people, who simply want our men and women to come home. 50,000 troops left behind in Iraq is not conducive to peace any more than 50,000 Russian soldiers would be in the United States.

Shutting down military bases and ceasing to deal with other nations with threats and violence is not isolationism. It is the opposite. Opening ourselves up to friendship, honest trade and diplomacy is the foreign policy of peace and prosperity. It is the only foreign policy that will not bankrupt us in short order, as our current actions most definitely will. I share the disappointment of the American people in the foreign policy rhetoric coming from the administration. The sad thing is, our foreign policy WILL change eventually, as Rome’s did, when all budgetary and monetary tricks to fund it are exhausted.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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Freedom Quote

March 6, 2009, by Doug No comments yet

“Many politicians of our time are in the habit of laying it down as a self-evident proposition, that no people ought to be free till they are fit to use their freedom. The maxim is worthy of the fool in the old story, who resolved not to go into the water till he had learned to swim. If men are to wait for liberty till they become wise and good in slavery they may indeed wait for ever.”

~ Thomas Babington Macaulay (1800–1859)

I would add that ordinary citizens are far too willing to believe this.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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Is it wrong to only rent to people of one racial background?

March 3, 2009, by Doug 2 comments

In Niagara Falls, NY, a woman who rents an apartment put up a sign that says she will only rent to white people. Clearly she has a prejudice (at best) and is possibly racist (at worst), and it is certainly disappointing, if not outrageous, to know that she would even want to do business in this way.

But is it wrong for her to want to do business this way? On the surface, our initial reaction should be that it is indeed wrong. Shouldn’t all of us doing business do so with equal treatment of all who wish to do exchange with us? Do we not owe it to the rest of society to do business and not play favorites?

Under the surface, there are two considerations, and both could be present at the same time. The first issue is that of her heart. If she is harboring judgment upon those who are not white like her (which, by the way, excludes not only black people but latinos and asians), then she has a problem with her heart. She could still choose to exchange property (money for an apartment in this case) while dealing with her internal feelings. The second issue is that of her right and freedom to do business with whomever she desires. On that level, there is little problem with her decision to only do business with the people of her choosing. Hooters only hires females as servers at its restaurants—is that sexist? The NFL only hires men to play football—is that sexist? Everyday businesses choose only to exchange goods or services only with persons who have the amount of money to purchase those goods or services—is that classism?

In a free market, persons have the right to choose to do business with whomever they see fit. While at first this may seem unfair, remember that there are consequences to doing business, both good and bad. Racist as it may seem, non-whites seeking to rent from her will not waste their time seeking to rent from her (had she merely kept it a secret and decided to not publicize her intentions, more people would have sought to rent from her). White people who would have rented from her without this knowledge will undoubtedly not rent from her; why would they want to have a landlord who has such feelings? Knowing so ahead of time means they end up with potentially less frustration in the end, when there is a lease entanglement. Imagine finding out this information about your landlord while you have 10 months left on your lease!

Is she wrong to have these feelings? Without more information, I can’t judge her intentions, but my hunch is she has some sin issues to deal with internally. From a legislative standpoint, she has every right to make these decisions; it’s her property and she can rent to whom she wants. But it makes sense that in the predominantly non-racist society in which we live, the market will have negative effects on her ability to perform business transactions. She’ll suffer from this, no doubt.

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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Suggested Articles for Reading

March 2, 2009, by Doug No comments yet

Many of you know I’m an avid reader, and while I could recommend books galore pertaining to sound economics and political theory, nobody but me has the time to read what I want to read. Shorter articles may therefore be more accessible where shorter reading times are all that’s available to you. Among the blogs I frequent in the blogroll (see right column on this page), many articles are poignant, deep, and worthwhile no matter where one is on the political or economics spectrum.

  • The Government’s War on Recession by Lew Rockwell
  • Wage and Price Controls in the Ancient World by Robert L. Scheuttinger and Eamonn F. Butler
  • Obama Puts the Economic Cart Before the Horse by Peter Schiff
  • All About Greed by Sheldon Richman
  • Stimulation by Government by Lew Rockwell
  • Stop Intervening in the Economy by Ron Paul
  • Economic Fascism and the Bailout Economy by Gary North

Doug

Doug Stuart is a committed follower of Jesus and passionate about building for the Kingdom of God through education and mobilization. He is a regular writer at LibertarianChristians.com as well as the founder of Living Loud.

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