PEACE PRIZE, SMEACE PRIZE

HOW IS WEALTH CREATED?

Printed in Tribune-Star 12/7/09

Gentlemen, how is wealth created?



ISU’s Donald Richards disagrees much with the Tribune-Star’s Arthur Foulkes on economic issues. I would like to put a question to these two gentlemen. (We can invite Rose Hulman’s Kevin Christ to add his thoughts.)

How is wealth created?

I certainly tend to agree with Mr. Foulkes much more than “conventional” present-day economists. Mr. Foulkes and I lean much toward the Austrian School. I suspect we will come close to the answer of Murray Rothbard.

I hope Richards and Christ will answer differently than the mistaken thought of printing money and giving it to the state (Federal) government to spend. I consider that a silly answer. (Not to call the men silly. There is a distinction here which some seem to miss. The most admired people can support silly propositions.)

Gentlemen, please keep answers under 500 words.

How is wealth created?

— Ed Gluck

Terre Haute


Here is a great letter from 12/6/09:

Freedom, not government is the answer



A prophet is without honor in his own land … and the statists of the ISU economics department are sharpening their personal attacks on Arthur Foulkes and his advocacy of freedom.

The latest is a defense of Keynesian economics coupled with an ad hominem attack on Mr. Foulkes, by Mr. Richards of the aforementioned econ department. When a letter starts and ends with name-calling (“would-be expert”, “ersatz economic journalist”), it is likely that in between won’t be much of an improvement.

Week in and week out in his columns, Mr. Foulkes argues solidly for freedom, property rights and individual self-determination. These principles are the antithesis of Keynesian ideas that government knows best; that the state must step in when individuals, in Mr. Richards words, suffer from distorted “animal spirits.”

One doesn’t need a degree in economics, only common sense and thoughtfulness, to determine they should control their own life and not some politician or bureaucrat seeking some amorphous “common good,” macroeconomic or otherwise.

It is a non-partisan fact, which Mr. Richards blatantly disregards in his letter, that the government has nothing to spend except what it has confiscated, by force, from private citizens.

Nobel Laureate F.A. Hayek identifies what he describes as the fatal conceit; the notion that some government or academic pogue can know all that is necessary to direct and plan what is best for everyone else. They can’t know what each of us, as individuals, value when we decide on a course of action for our property or ourselves.

It is Keynesian economic ideas that drive the destructive government interventions we have been and are experiencing in our economic lives. Mr. Foulkes advocates freedom, not government, as the answer.

It would be interesting to know just what it is about freedom and liberty that some economists find so frightening.

— Ryan Cummins

Terre Haute

RON PAUL DEFENDING AUDIT OF FED

Killer McChrystal

Here is a letter soon to be in the Terre Haute Tribune-Star. There needs to be more written on this slime ball. I tend to lighten my opinions for MSM. Here is the unedited letter:



Do we need to surge now into " Afghanistan - Graveyard of Empires" or do we need to leave?

Here is my investigation.

Let's look at adviser Stanley McChrystal. First, who is advising McChrystal? From "The New American" magazine issue for November 9, 2009 in the article, "More U.S. Troops Going to Afghanistan " we read, "...The quote was by the Institute for the Study of War's Kimberly Kagan, who has advised General Stanley McChrystal, the commander of forces in Afghanistan.

"That number, Kagan said, would help fill in gaps around Kandahar in the southern part of the country where Taliban forces have amassed. But she warned that, eventually, troops would also be needed to tamp down the insurgency in other parts of the country."



Kimberly married into the Kagan clan, Neocon PNACers (involved with the Project for a New American Century) who I would describe as crazy un-American warmongers.



So, McChrystal is a Neocon drone. He can be steered to kill innocent civilians.



Experience? In “ Afghanistan – Graveyard of Empires” McChrystal was head spook (spy) and is best know for the killing of Pat Tillman. In Mary Tillman’s book, “Boots on the Ground by Dusk” McChrystal lies to cover the fact that Pat was shot by “friendly” fire. Then on investigation we see that the same person that ordered boots on the ground by dusk and splitting the troops – two mistakes warned against by an underling, also did the second autopsy on Pat. Later information was that a different General gave the order.



So we see that at best McChrystal is a liar and is an idiot for having very bad subordinates. (and no demotions)



My conclusion is that a lying Neocon drone whose actions suggest at best he is an idiot (my personal opinion is not that high), must not be trusted to give a reliable opinion on anything.



It is time to leave “ Afghanistan – Graveyard of Empires”.

Printed in T-S 11/23/09

Pat Tillman

Wrote this letter to the editor. Not printed.

Pat Tillman died in 2004. But the research by his family is still important. Stanley McCrystal was involved in the Tillman death cover up. He lied to a Senate committee recently. He now wants a "surge" in Afghanistan sold as "like in Iraq " but that is another lie.

Now we realize that Obama is just "Black Cheney". (We are in two illegal occupations, rendition continues perhaps to put a final end to Gitmo, writing statements continue, the Patriot Act is supported, and the worst leftovers from Bush remain - Gates, Hayden, and Bush golden boy McCrystal. Black Cheney has his own terrible appointments that can be summarized as lobbyists and money schemer insiders.)

Pat’s birthday is November 6. We should remember Pat every November. We should reprint the letter written by his brother Kevin in 2006.

FDIC Coverage Change

This letter was printed recently. Pithy. But with bank failures to continue we should be concerned:


Local banks display signs that the FDIC is temporarily raising insurance from $100,000 to $250,000 through December 31, 2013.

Hooray!

But wait a minute. With fractional banking and a chance of 100% failure of a fiat currency, the guy making $100 a week must pony up $900 a week to insure that money. The FDIC is and always has been, a fraud. To quote from a book on the subject, "'...Deposit insurance' is simply a fraudulent racket, and a cruel one at that, since it may plunder the life savings and the money stock of the entire public...."



Should we consider the once loved Federal Savings and Loan Insurance Corporation? It no longer exists.

So what happens January 1, 2014?

Republicans are bankrupt, in ethics and ideas, but not in Green, Greenscam is not just a past Fed Chair anymore!

Brad Ellsworth is a Traitor

Ellsworth may be stupid, a dupe, or paid off. These only describe WHY he is a TRAITOR. I leave the WHY for you to choose.

Gangster Government List of Shame
Bayh, Evan (D - IN) 202 224-5623 fax: 202-228-1377
Lugar, Richard G (R - IN) 202 224-4814
Donnelly, Joe (D)
Carson, Andre (D)
Ellsworth, Brad (D)
Hill, Baron P. (D)

Phil Schmitt is in this video. His email with Campaign for Liberty is: rephil513@gmail.com.

Let's hope he supports Libertarian John Cunningham
John Cunningham