I Do Not Support Peter Schiff For Senate

(Austrian) Economics, Democracy, Vulgar Politics
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Peter Schiff is an excellent economist and his appearances on various financial shows (and the corresponding Youtube clips and blog posts) have contributed to the economics education and financial health of thousands of people. Why on earth is he running for the Senate?  1 Does he really believe that the political process has even a remote chance of limiting the size and scope of government? Such a belief is truly absurd for two reasons:

  1. The inherent inertia of the political workings of Washington D.C. makes it nearly impossible to slow down the growth of government; actually shrinking the government from the inside borders on impossible.
  2. Even if I am wrong that it’s an impossibility to shrink government from the inside, what it would require is more than three libertarians. Were Schiff to win, and Ron Paul’s son Rand Paul to win also, that would make 3 libertarians in Congress (I’m generously calling Rand a libertarian, mind you) vs 532 socialists of varying degrees; worse, their forces would be split, as Schiff and Rand would be in the Senate (2 vs 98) and Ron would be in the House (1 vs 434). You’ve got to be kidding me.

I’d prefer to see Schiff save his money and that of all the people who would donate to his campaign (freedom-lovers) so they can use it to brace for the impact of this onsetting depression. Tossing so much into the political advertising money pit is a total waste. That’s an enormous amount to spend ($30 Million or so?) in the hopes that Peter can get elected and make great speeches on CSPAN, given that he already gets invited to speak on the financial circuit with little or no out-of-pocket expense on his part. In fact, Schiff has already had to cease appearing twice per week on one of the financial shows due to campaign laws, so now we’re back to all Keynes all the time. And even if he were to win, it’s doubtful the Republican leadership would seat Schiff on any of the important financial committees, so what would he really accomplish in the Senate? Maybe introduce a few bills which never make it out of committee?

Worst of all, I fear Schiff doesn’t really have a shot of winning since libertarianism doesn’t really resonate with the masses (yet), so all of that time and money campaigning will likely be wasted. (Yes, I know I just made an objective truth claim about others’ subjective evaluations which is an Austrian no-no.)


  1. Schiff’s campaign website has been taken down. 

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The Hartford Capitol Flag Brouhaha

Anti-Statism, Vulgar Politics
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Tea Party protestors in Hartford, Connecticut, wanted to fly the Gadsden Flag over the capitol, as part of a protest. From the ensuing coverage, it seems that Connecticut’s capitol building flies a number of flags, upon request. Odd things, that.

The police who draw flag duty at the state’s capitol initially assented to the request. But a politician protested and the police withdrew permission.

At first blush, the idea that a state capitol would co-operate with protestors to hoist a specialty flag up the state’s sacred pole seems nuts.

Gadsden Flag
Gadsden Flag

But the Gadsden Flag — a golden field featuring the figure of a coiled snake captioned with the simple command “Don’t Tread On Me” — has a respectable history . . . at least it does if you consider the founding of the United States of America respectable. Droll to think of one of the original 13 states as repudiating one of the union’s first real flags.

It was a Democratic pol who objected. He said it was a “partisan” flag. Tea-Partyers are partisan? This is not completely obvious to me, considering that I know registered Libertarians, Republicans, and Democrats in the movement. But, hey: The Democrat almost certainly knows what he’s talking about. If he feels threatened by the sentiment, I think we should take him at his word.

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Stop the ACTA (Anti-Counterfeiting Trade Agreement)

IP Law, Mercantilism, Protectionism
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I blogged a year ago about the “Secret intellectual property treaty [that] could profoundly change life on the Internet.” At the time, the text was still secret but it was believed that the treaty: “seeks to set forth standards for enforcing cases of alleged copyright and patent infringement.” Now, as Cory Doctorow notes in How ACTA will change the world’s internet laws, the text has been leaked. This thing is bad. America and the west have long tried to extend the reach of their mercantalist IP laws — they use the WTO to twist the arms of other countries, etc. (see, e.g., my previous posts Hatch’s “International IP Piracy Priority Watch List”; IP Imperialism (Russia, Intellectual Property , and the WTO); Russian Free Trade and Patents; Bush Wants More Jailed Citizens in Russia and China; China, India like US Patent Reform).

The ACTA is also similar to another arcane law, the Digital Millennium Copyright Act (DMCA), which, under the guise of protecting “property rights,” snuck in provisions that criminalize even the mere possession of technology that can be used to circumvent digital protection systems (see, e.g., my post TI Uses Copyright Law to Attack TI Calculator Enthusiasts). Likewise, under the guise or protecting property rights in inventions and artistic works (patent and copyright), it “seeks to provide legal authority for the surveillance of Internet file transfers and searches of personal property”. As one group notes, “ACTA goes way, way beyond the TRIPS (the copyright/patent/trademark stuff in the World Trade Organization agreement), creating an entirely new realm of liability for people who provide services on the net”. More invasion of personal liberty and property rights in the name of false, artificial property rights.

So the ACTA is like a hybrid of previous efforts: it is as abusive and insidious as the DMCA, and covers patents as well as copyrights. And it will apply worldwide. This is culmination of America’s efforts use of the WTO to extend western style IP rights worldwide. As Doctorow notes, this is “a radical rewriting of the world’s Internet laws, taking place in secret, without public input. Public input? Hell, even Members of Parliament and Congressmembers don’t get a say in this. The Obama administration’s trade rep says that the US will sign onto ACTA without Congressional debate, under an administrative decree.”

For detailed comments on the ACTA, please see the following report:

James Love, Comments on ACTA Provisions on Injunctions and Damages (pdf), KEI Research Note (Knowledge Ecology International, April 6, 2010).

[cross-posted at Mises blog]

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Left and Right and Wrong

The Left, The Right, Vulgar Politics
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I hate the terms “left” and “right” as indicators of ideological opinion. What “left” and “right” means is based on a person facing a particular direction. Change direction, the cognitive content of “left” and “right” must change. The continued use of the terms as permanent and significant markers of ideas and norms and the like cannot help but be idiotic.

Smart people should stop using them.

And yet, I use them. We all do. They are so ingrained in our political mindsets.

Libertarians, especially, should disassociate themselves from the terms, since there’s so much libertarians have to disagree with others on the alleged left and the alleged right. But, aside from not easily fitting in either category, it’s worth asking what permanent attitudes or ideas are traditionally associated with the “right” and the “left.”

I tend to repeat one idea, over and over: The left, generally, wants freedom without responsibility; the right, generally, wants responsibility without freedom. Like all generalizations, it falls apart on case by case examples, but damn the outliers, there does seem a pattern here.

It applies on issues of sexual conduct, surely. The leftists I know want and demand the right to engage in sexual play with anyone they can find to reciprocate. But the consequences of varied partnerships? Disease is one. And the expenses of treating AIDS, for instance — which often cost vast fortunes for every patient — are usually paid for by government, in this country. So, no individual responsibility there. It’s been socialized, the burden taken up by society, through the tax-and-spend system of the state.

Similarly, the leftists I know insist that taxpayers fund every woman who gives birth, if she has no income or savings to handle her responsibilities. And leftists notoriously demand a right to abortion. That’s a tidy way to clean up after one messy result of sexual play.

On the right, though, there’s a strong disgust at abortion, where abortion tends to be seen as irresponsibility incarnate. Further, there’s some resistance to taxpayer funding of social diseases. Mostly, though, you can feel the frustration, the desire (often now no longer expressed) to forbid people from having sexual freedom. Just say “no” and abstinence before marriage, etc., are still actually trotted out, among right-wingers.

This attitude may flip, though, regarding the financial risks taken by entrepreneurs and professionals. On the left, freedom of enterprise and trade no longer plays much a role, but regulation does. Freedom, no; responsibility, yes. On the right, regulations still receive some lip-service opposition, but one function of the Republican Party does seem to be to make sure that fat cats receive bailouts when they fail. Freedom to risk other people’s money? Yes. That’s a rightist position. Responsibility to bear the full cost of that? Not so much.

So, even my nifty little formula flipflops. Freedom and responsibility? That’s a minority position. That’s the libertarian position. That’s the position that makes sense.

But it’s no way to get re-elected. What do you trade? Stick to principle, stick to the ideal compromise position, and no other compromises are necessary. Social Statics: The still point in the turning world. Liberty. But politics is political process. Dynamism in the state. And it must not tolerate a principled stance against the push and pull of interest against interest.

This seems to be the general play of left and right, today. Leftists and rightists bid for competing trade-offs in liberties and responsibilities. At any given time it’s easy to distinguish one from another, but there are no sure, lasting principles, no element of constancy.

So, left and right must be context-dependent terms. They are useful designators in any given context.

But if you meet someone who insists that the terms mark something important, some lasting truth, you’ve probably met someone who resists reality in some fundamental way. For the reality of politics is that everything’s up for grabs.

Including “left” and “right.”

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Juche Eye for the Bourgeois Guy

Humor, Totalitarianism
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Kim Jong-ilKim Jong-il: tinpot dictator, heavy drinker, heir to the world’s most dysfunctional personality cult (only in North Korea could you be second-in-command to a dead guy)…fashion trend-setter?

Uriminzokkiri, quoting an article in communist party newspaper Rodong Sinmun, said the modest-looking suits have gripped people’s imagination and become a global vogue.

“The reason is that the august image of the Great General, who is always wearing the modest suit while working, leaves a deep impression on people’s mind in the world,” it said.

“To sum it up, that is because his image as a great man is so outstanding.”

The article quoted an unidentified French fashion expert as saying world fashion follows Kim Jong-Il’s style.

“Kim Jong-Il mode which is now spreading expeditiously worldwide is something unprecedented in the world’s history,” the stylist was quoted as saying.

Jong-il mode!  I hope it’s nothing like Depeche Mode, ’cause those guys are like so 1987.  But when all you’ve got going for you are the world’s fifth-largest army, near-constant power blackouts, and public executions, I guess you need some accomplishment to distinguish you from other Communist dictators.  (After all, the Castros have cigars, and tobacco doesn’t grow worth spit in the DPRK, along with most other crops.)  So get that fashion juche flowing!

Tips on how you, too, can dress like Dear Leader (don’t forget the lifts).  Juche explained here.

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