Steve G.

Posts Tagged ‘monetary policy’

The Austrian/Monetarist split as a proxy for the rift within the LP

In Economics, Libertarian Party-US, Libertarian Politics on July 8, 2008 at 5:52 pm

From Amateur Economists:

“Libertarians are Republicans who smoke pot.” So goes the saying. And most Americans know little else about the Libertarian Party, America’s third largest, or the libertarian political philosophy. So when former Republican congressman Bob Barr announced his candidacy for the LP’s presidential nomination on May 12, the mainstream media assumed he was a shoo-in. After all, he was a Republican and now lobbies for the Marijuana Policy Project—how could someone better fit the popular definition?

But what the media failed to recognize is that many party members don’t consider libertarianism to be a branch of conservatism but, instead, its diametric opposite. These libertarians refused to embrace Barr and, instead, rallied behind the candidacy of party stalwart Mary Ruwart during the Libertarian National Convention on May 25. It took six ballots before Barr was finally able to win the party’s nomination with just over 51% of the vote, and the rift now between the “reformers” who backed Barr and the “radicals” who supported Ruwart is bitter—and largely economics related.

Read the whole article.

Six plank suggestions for the Boston Tea Party

In Constitutional Rights, Libertarian Party-US on June 5, 2008 at 12:14 am

The Boston Tea Party seems to have found its ticket — Charles Jay and Tom Knapp — and it is working on a platform. I recently joined the BTP and offered six suggestions on constitutional and monetary issues. Your feedback is appreciated.

  1. The Boston Tea Party acknowledges that the 14th amendment was never properly ratified, is illegitimate, and all ensuing legislation based upon the 14th amendment, including the Supreme Court’s “incorporation doctrine,” is null and void.
  2. The Boston Tea Party calls for the repeal of the 16th amendment, and a new amendment to the Constitution limiting the scope of Congress’s powers of taxation to proportioned taxes assessed to the states.
  3. The Boston Tea Party calls for the repeal of the 17th amendment, which gave us the direct election of senators. U.S. Senators should be elected by their state legislatures in order to best represent the interests of the individual states versus the federal government, as the framers intended.
  4. The Boston Tea Party calls for a Free Trade Amendment to the Constitution, revoking Congress’s powers to assess tariffs, duties, or other taxes on imports, and barring embargoes, sanctions, quotas, and other restrictions on free trade absent a formal declaration of war against the named country. This amendment would render all current trade agreements null and void and prohibit the negotiation of new ones, henceforth.
  5. The Boston Tea Party calls for the abolition of the Federal Reserve, and the liquidation of the Federal Reserve System and all federal-government assets, excluding those few necessary for legitimate constitutional functions, for the purpose of paying off the national debt and redeeming all outstanding Federal Reserve Notes, pro-rata.
  6. The Boston Tea Party calls for the full legalization of competing currencies and the abolition of unconstitutional legal-tender laws. Under the Constitution, only the states may declare legal tender, and they are limited to choices of gold and silver.

Note: Membership in the Boston Tea Party in no way excludes someone from membership in the LP, nor does it preclude support of the LP presidential ticket. I do like having the BTP as a back-up option for a write-in vote that will be counted, though. And I think it will be fun to help fashion a truly libertarian platform, without the statist “reformers” raining on our parade.