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Brian Beyer's picture
By Brian Beyer at 11:39PM

Rein in the American Empire!

Do you want to end senseless wars? 

Do you want to put an end to American Imperialism?

Do you want the government to honor your personal liberties?

We can only do achieve these goals with your help. 

The moneybomb is a mere two weeks away.

Please donate and encourage others to do the same!

Any donation, no matter the size, will help us make America the free country that it used to be.

Justin Head's picture
By Justin Head at 11:01PM

Are Corporations an Invention of the Free Market?

In a very interesting article, Gene DeNardo discusses a viewpoint that I believe should get way more attention in the libertarian world:  whether or not corporations should be considered part of the free market. I know through a class I took on corporate law that a corporation is purely an invention of the state and owes all of its success to the government which protects its investors from the liability normally associated with similar investment ventures.

The main draw to investing in a corporation is the limited liability one receives for choosing the corporate form of investment over investing in, say, a general partnership.  However, where does this limited liability come from, and who pays the price when the consequences of ones actions are not allowed to be divvied out? It is the opinion of DeNardo that society bears the cost. Therefore, in order to protect certain investors, the costs those investors would normally be held responsible for are distributed onto all of us:

Basically, when a corporation exceeds its liability in any way, when it extends itself beyond its value, the cost is socialized. It matters not whether the creditors take a bath or the government steps in, someone besides those within the corporation must make up the difference. This forced market condition in and of itself, is blantant socialism.

Thoughts?

Matt Cockerill's picture
By Matt Cockerill at 11:01PM

State Marijuana Laws Moving Towards Legalization

From USA Today:

Attorney General Eric Holder last fall announced that raiding medical marijuana facilities would be the lowest priority for U.S. law enforcement agents — a major shift that is spurring many states to re-examine their policies. The American Medical Association recommended in November that Congress reclassify marijuana as a drug with possible medicinal benefit.

At least 14 states this year — some deeply conservative and Republican-leaning, such as Kansas — will consider legalizing pot for medical purposes or lessening the penalties for possessing small amounts for personal use. Fourteen other states and the District of Columbia already have liberalized their marijuana laws.

This is all to the good, of course. But it still bothers me that reasons like "pot is no worse than alcohol" are usually the only  justifications offered for  legalization. Why not argue that a government-issued uniform, shiny badge,  and nightstick don't absolve cops from the moral law the  rest of humanity is bound to? "Legalization" of victimless crimes is more properly understood as forbidding our "protectors" from  grabbing, shackling, and kidnapping  innocent people whose habits politicians disapprove of.

Matt Cockerill's picture
By Matt Cockerill at 11:00PM

"Blessed be the Warmakers"?

If someone is a devout  Christian, or merely a libertarian believer in natural rights and individual responsibility, he can't deny the logic of  Laurence Vance's arguments on military service. Vance's belief that enlisting is morally wrong is uncomfortable, but the unadulterated  truth rarely is easy to swallow. Still, it is my conviction that  pure truth, bereft of disclaimers and sugar-coating,  is the only way to change minds. This is  especially important when talking to  fellow young people considering military service. If members of  YAL aren't going to speak the truth, no other group of young people will.

If you know of anyone who is thinking about enlisting, I'd recommend showing he or she this  great and highly relevant interview of Vance by Lew Rockwell:

Luke Walker's picture
By Luke Walker at 10:58PM

Mainstream Economics

This clip from The Onion in 2008 really sounds like any mainstream media conversation about the economy. 

Posted in:
Brian Beyer's picture
By Brian Beyer at 5:08PM

Antiwar Radio and YAL

Yesterday, March 12th, Jeff Frazee and I were guests on Antiwar radio. We focused on the current state of the youth antiwar movement, more specifically YAL's leadership. I was also asked about the upcoming moneybomb on March 16th (Please donate! We're some of the only youngsters actually concerned about ending the senseless wars.) To hear the interview, go here. As of now, it is the very first show at the top (3/12/10). Our interview starts at 30:00. 

I would like to thank Scott Horton and Angela Keaton of Antiwar Radio for having us on the show. Please support them as well. They're doing a great job!

Roy Antoun's picture
By Roy Antoun at 1:44AM

Public Diplomacy: Foreign Intervention Part II

A Senate hearing on Wednesday, March 10th, “The Future of U.S. Public Diplomacy,” explained quite well where our diplomatic priorities are regarding what Senators in the Foreign Relations committee called, “Public Diplomacy.”

Chairman Kaufman explained that there is a need for the United States to “promote soft power” to the outreach of foreign populations. Essentially, public diplomacy is the act of one state influencing the culture of another by means of television, religion, radio, or internet; it is influencing another state by any means other than the military or hard power. At face value, this sounds wonderful. At least our government is no longer resorting to the dropping of bombs in foreign countries as an act of negotiation. 

Senator Wicker testified and noted that the Federal government has spent $10 billion on public diplomacy since September 11th, 2001 and plans to spend another $7.5 billion over the next five years. The plan was to target Pakistan and work with USAID, the same government agency operated by Stuart Bowen, in sending internal aid and internal educational benefits to Pakistan and Afghanistan.


Read more here
Stephen Parvin's picture
By Stephen Parvin at 1:28AM

U.S. Hyperinflation Possible by 2015

Check out this recent report from the National Inflation Association:

The U.S. government this week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009.

We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.


Read more here
Elliot Engstrom's picture
By Elliot Engstrom at 6:39PM

Capitalism vs. Free Markets

Anyone who has seen any of my YAL posts on capitalism or economics probably knows that I'm a big fan of the left-libertarian/mutualist school of thought.  We of this mindset always try to ask the question:   Are capitalism and a free market necessarily the same thing?

While I greatly appreciate the Austrian School of Economics, in particular its views on business cycle theory, monetary policy, and government, I break from Austrian theory on the historical development and current nature of capitalism.  For example, I take issue with Ludwig von Mises's claims that the industrial revolution was such a wonderful thing for the common people.  He writes in Economic Policy:

All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.

Well, China's population has increased at a faster rate over the past 50 years than the United States,' so I suppose that this "single statistic" must mean that China has been a better place to live during this time.  I think we all know this is not the case.  Hence the falsity of the idea held by many capitalists that "growth" is always an ultimate good.


Read more here
Roy Antoun's picture
By Roy Antoun at 4:47PM

Foreign Policy Handbook

To End the War,

We Must Learn the Theory & Practice of War...

I have been working on compiling a "Foreign Policy Handbook" for everyone to read as a guide to understanding the different theories and practices that to go developing foreign policy and why nonintervention is essential for American Foreign Policy to be Realist. 

This is a work in progress, so if anyone would like to contribute to, or offer suggestions to the Handbook, feel free to contact me at: roy.antoun@yaliberty.org 

You can snag a PDF copy of the handbook HERE