“By such words, Hydarnes, you give us no good counsel,” replied the Lacedaemonians, “because you have experienced merely the advantage of which you speak; you do not know the privilege we enjoy. You have the honor of the king’s favor; but you know nothing about liberty, what relish it has and how sweet it is. For if you had any knowledge of it, you yourself would advise us to defend it, not with lance and shield, but with our very teeth and nails.”
[Universally Preferable Behavior: A Rational Proof for Secular Ethics • By Stefan Molyneux • Freedomain Library, 2007 • 134 pages1
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I was in Washington on what was an historic day, June 28, 2012 to testify at Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U. S. House of Representatives, chaired by Congressman Ron Paul. While it would be nice to think the day was historic because Dr. Paul was continuing his informational hearings focusing on a return to sound money, other events were perhaps more important to most Americans.
Oral Argument at Hearing entitled “Fractional Reserve Banking and the Federal Reserve: The Economic Consequences of High-Powered Money” Thursday, June 28, 2012
Domestic Monetary Policy and Technology by John P. Cochran. Full testimony and video of proceeding at http://www.financialservices.house.gov/Calendar/EventSingle.aspx?EventID=300542 .
Ron Paul, Joseph Salerno, John Cochran, and Lawrence White on fractional reserve banking and the Federal Reserve.
Written testimonies here.
[Testimony before the Subcommittee on Domestic Monetary Policy and Technology of the Committee on Financial Services, US House of Representatives “Fractional Reserve Banking and Central Banking as Sources of Economic Instability: The Sound Money Alternative,” June 28, 2012]
“There is no class that could champion liberalism for its own selfish interests to the detriment of the whole of society and the other strata of the population, simply because liberalism serves no special interest....When the liberal comes before the electorate as a candidate for public office and is asked by those whose votes he solicits what he or his party intends to do for them and their group, the only answer he can give is: Liberalism serves everyone, but it serves no special interest.”
In light of today’s Supreme Court decision upholding Obamacare, this was posted on Facebook: ”Health care for everybody, by making it illegal not to have health care. It’s so simple, why didn’t we think of this before?” — Tim Slagle
This actually reminded me of a comic book quote. In Batman and Son #2 by Grant Morrison, Bruce Wayne says: “...while we’re at it, let’s make wealth compulsory. It would solve so many of the world’s problems if everyone were a millionaire, don’t you think?”
