Ecuador Proves the Gold Standard and Free Banking

We are always told that the gold standard is crazy and caused the Great Depression and could never be reinstituted, or that letting people and banks choose the currency themselves is a recipe for economic disaster. That might come as a surprise to Ecuadorians and residents of dozens of other countries from Canada to Zimbabwe.

751px-American_CashIn 2000, Ecuadors currency was on its last rocks, and the government just gave up. It opted to endorse the US dollar and made it legal tender. Since then, Ecuador has done well for itself; it certainly has not done bad. The South American nation has proven a great market for the dollar coins that are less popular in the US. Ecuador produces its own coins that are the same sizes as US coins, which are also accepted. And they are not the only country to have done this. Panama does also, as do East Timor, El Salvador, some Caribbean and Pacific islands, and of course, Zimbabwe. Additional countries do the same with the Euro, the Australian dollar, and other currencies.

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Inflating the Dollar Does Not Create Jobs

It must be frustrating to be a Trump supporter. It seems like the entire world is against you. The media has gone from loving a man who bombed a half dozen Muslim countries and stagnated the economy, among other things, to nitpicking a successful businessman who oversaw economic growth the day after being elected. It was not too long ago that Democrats were cheering the stock market and job growth under Obama. Nevermind that most or all of that happened only when Republicans took back Congress. When Trump does the same thing even faster and better, there is utter silence. Have we really come to such a psychologically 1984 world of doublethink? We were always at war with Eastasia or Eurasia or whatever it was.

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Purim: Iran is not Haman

It is that time of year, when we Jews celebrate yet another victory over oppression. The famous, but somewhat out of place story about how the Jewish queen of a Persian king saved her people from doom at the hands of a wicked minister, thanks to the advice of her uncle. We can draw an important parallel from this story to the Iran of today that many Jews have forgotten about over the past decades.

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Esther Denouncing Haman, by Ernest Normand (1888)

 

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Without government, who would destroy the life of Casey Anthony?

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Caylee Anthony

Remember Casey Anthony? The young woman in Florida who was accused of killing her 2 year old daughter with chloroform and duct tape, but was acquitted. The defense claimed that Caylee drowned in the pool, and someone else disposed of her in the forest. Anthony has been in the news again recently because the judge presiding her case said he believed she killed her daughter by accident, having tried to calm or quiet Caylee down, but went too far. Its not really clear how chloroform became an acceptable way to calm down children, if that theory is true. Casey was acquitted, the jury did not feel there was enough evidence to convict her of murder, but that has not stopped the nation from convicting her.

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Ryanair wants to make travel to Israel cheaper

ryanair-svgOne of the biggest problems in Israel is the protectionism, which stifles the Jewish state from becoming a world economic power. Ryanair wants to make travel and trade cheaper for Europeans and Israelis, but El Al isnt too happy about that possibility. The above article is from 2014, however Ryanair is expected to start opening routes this year, but the problem remains in many industries. Israel would benefit greatly from opening up its economy further. A strong, vibrant economy will allow it to retain and attract talent. A strong economy will make aliyah more attractive and yerida unthinkable. And equally important, it will enhance security and international standing by leaps and bounds. B`ezrat Hashem, Israel will get to experience a true free market in our lifetime.

Partisan Shopping: Has it Really Come to This?

new_balance_logo-svgThis recent election more than anything before has caused a partisanization of something as mundane as shopping. Trump supporters are urged to buy from LL Bean, UnderArmour, and New Balance because their CEOs defended Trump. The same supporters are urged to boycott Starbucks, Nordstrom, and Uber because of the decisions of their CEOs or companies. And of course, Trump opponents are urged to do the opposite. Its even gotten to the point where Trump opponents are supposed to boycott Macys and Amazon, despite the fact that Macys cut ties with Trump over a year ago and Jeff Bezos, Amazon CEO, has frequently tussled with Trump and backed the court case against his executive orders. Has it really come to this, that we can no longer just go shopping and pick whatever brand suits are personal tastes and needs?

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Everyone should support #Calexit

After it became clear that Donald Trump would become president on the night of 8 November 2016, Democrats and related leftists began organizing a California secession campaign. The idea has lengthy roots, but gained massive steam when the election dust settled. By now, about a third of Californians, mostly Democrats, support the idea. And a group is beginning to gather signatures to put an advisory referendum on the ballot in 2018. But why would anyone oppose it?

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How to Be a Libertarian

iraq war protestorOne problem that seems to vex libertarianism is its inability to accomplish much. We have been advocating for various reforms and repeals for decades. The Libertarian Party was advocating for marijuana legalization and expanding government marriage licenses since the 1970s. Both issues are taking root in American society, but who is getting all the credit? Socialists/Progressives/Leftists/whatever. Ron Paul was a major candidate in 2012 and a loyal Republican who went as far as advocating the legalization of heroin on a South Carolina debate stage. Yet, more recently Bernie Sanders supporters (who apparently have no memory of anything) claim that the independent turned Democrat was the first candidate to advocate legalizing marijuana. In a sense, we should at least be pleased that our ideas are starting to be accepted and implemented, but that isnt enough. As much as most of us oppose intellectual property, its frustrating to get no credit for anything.

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Enough with the Superdelegates

I planned to write this post a month ago, but as always, I got distracted and the uproar faded.

superdelegateOn one side, Bernie Sanders supporters were freaking out that Hillary Clinton technically got the same number of delegates as him thanks to superdelegates. Superdelegates are elected Democrat officials in each state who are automatically delegates to the convention. They were implemented in large part after the George McGovern and Jesse Jackson campaigns. Both put a scare in the establishment that a far left rabble rouser might get the nomination. Neither did in the end because they were too narrow, not because of superdelegates.

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Agorism in Cuba helps people survive, but is not the solution

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Samuel Edward Konkin III, the founder of Agorism

Its ironic that I am writing this, considering that it was when I read about Agorism* on Wikipedia almost six years ago that I realized free markets were superior to socialism. But there is much more to libertarianism than agorism. Indeed, I take a broad view of the idea to be a bit more inclusive. While I condemn mutualists and many so-called left-libertarians, they are on the right track, unlike communists. Since that time, Ive moved around a bit. I still like Agorism, but my experience shows that it is just not going to be our savior. It might not even play much of a role in rolling back the state.

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