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The Classical Libertarian A page for libertarians and classical liberals who appreciate humor, economics and finance, news, history and philosophy.

The things we do for love (aka Israel). Thanks, Trump!
16/03/2026

The things we do for love (aka Israel). Thanks, Trump!

Snitch
30/04/2021

Snitch

With all this money creation, where will it lead us? Perhaps history can bring a little insight, but if history repeats ...
29/04/2021

With all this money creation, where will it lead us? Perhaps history can bring a little insight, but if history repeats itself, you won't like the outcome. The result of all the money creation in the past led to incredibly high taxes on both the rich (70-90%) and poor (23%) and led to the Great Inflation the last for over two decades starting from the 1960s with even more frequent recessions (see the vertical bars on FRED data).

One of the biggest misconceptions about post-WW2 US that we were economically thriving and the people were happy because FDR fixed everything.

But that simply is not true.

Yes, FDR's congress significantly increased spending, the debt, and created government jobs; but the aftermath was devastating. Today we are at the same levels of debt as we were during FDR's time. And because of the high costs associated with interest rates from our debt, these high taxes didn't go to social programs. These high taxes levied on everyone was used to reduce our debt and fight high inflation (which some years was as high as 14%).

During this period, economic recessions were more frequent, we had two severe energy shortages, and the unprecedented peacetime implementation of wage and price controls. According to economist, Jeremy Siegel, the response was “the greatest failure of American macroeconomic policy in the postwar period.”

Many may not know this but D.C. residents have been able to vote since 1961 when Congress adopted the Twenty-third Amend...
22/04/2021

Many may not know this but D.C. residents have been able to vote since 1961 when Congress adopted the Twenty-third Amendment, extending the right to vote in presidential elections to D.C. citizens.

If Democrats were really that concern about representation, they could easily dissolve D.C. and give the land back to Maryland and Virginia, but anyone with half a brain knows this is more about gaining power. Since D.C. is vastly blue, Democrats will gain two more senators.

These red flag laws really have little to do with mass shootings. The true nature is all about disarming (and possibly i...
13/04/2021

These red flag laws really have little to do with mass shootings. The true nature is all about disarming (and possibly incarcerating) more nonwhites in major cities. Both the White House press and have admitted this.

Congress has become politically limp, giving what authority they had to the Executive branch. Now they're just a purse that the Executive branch sticks its hand in.

The high school civics textbooks need to be updated because, today, the Executive both writes the laws and enforces them.

Republicans: "We should ban abortions to save lives."Democrats: "We should mandate vaccines to save lives."Neither party...
12/04/2021

Republicans: "We should ban abortions to save lives."

Democrats: "We should mandate vaccines to save lives."

Neither party cares about your body autonomy.

Oh??
31/03/2021

Oh??

These vaccine passports will show proof of vaccination, your name, number, and medical needs. It will be metal, in the s...
29/03/2021

These vaccine passports will show proof of vaccination, your name, number, and medical needs. It will be metal, in the shape of a bone, attached to a collar that you wear around your neck.

And just like that, democrats have become in favor of trade wars too. " "U.S. Trade Representative Katherine Tai also po...
29/03/2021

And just like that, democrats have become in favor of trade wars too.

" "U.S. Trade Representative Katherine Tai also pointed to the tactical reason for keeping tariffs on China, calling them “leverage.”

“No negotiator walks away from leverage, right?” she said. "

🤡

How I read this... "The Framers used to have institution of slavery, which makes them lesser men. Therefore, we should t...
24/03/2021

How I read this...

"The Framers used to have institution of slavery, which makes them lesser men. Therefore, we should take away people's right to defend themselves with guns."

I'm scratching my head on this one. Does this make any logical sense?

Imagine if those slaves were armed. Matter of fact, in 1859, abolitionists literally went on a su***de mission to arm enslaved people to fight against institutional slavery. It is referred to as the James Brown Raid.

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