submitted by jwithrow.
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Journal of a Wayward Philosopher
Breaking the Authoritarian Cycle
May 27, 2016
Emerald Isle, NC
“Are you for peace? The great test of your devotion to peace is not how many words you utter on its behalf. It’s not even how you propose to deal with people of other countries, though that certainly tells us something. To fully measure your “peacefulness” requires that we examine how you propose to treat people in your own backyard. Do you demand more of what doesn’t belong to you? Do you endorse the use of force to punish people for victimless “crimes”? Do you support politicians who promise to seize the earnings of others to pay for your bailout, your subsidy, your student loan, your child’s education or whatever pet cause or project you think is more important than what your fellow citizens might personally prefer to spend their own money on? Do you believe theft is OK if it’s for a good cause or endorsed by a majority? If you answered yes to any of these questions, then have the courage to admit that peace is not your priority. How can I trust your foreign policy if your domestic policy requires so much to be done at gunpoint?” – Lawrence W. Reed
The S&P closed out Thursday at $2,090. Gold closed at $1,222 per ounce. Crude Oil closed at $49.48 per barrel, and the 10-year Treasury rate closed at 1.82%. Bitcoin is trading around $474 per BTC today.
Dear Journal,
We have spent this past week on North Carolina’s beautiful “Crystal Coast”. As I look around at the rows of beach houses lining the island, I can’t help but imagine what this place looked like back in the early 1700’s when the legendary Blackbeard roamed these islands on the Queen Anne’s Revenge.
What secrets have been covered up by mass-development? How many hidden coves have been forgotten as we marvel over heated swimming pools by the sea with pool tables and mini-bars nearby? What drove commerce on these islands before tourism, seafood restaurants, and ice cream parlors?
Not that I am opposed to development. The market system has created wealth unimaginable by the pirates and fishermen who inhabited these islands three centuries ago. Continue reading “Breaking the Authoritarian Cycle”