The Libertarian Party, to which I must confess that I am a member, has never really taken on the constitution/composition of either the Republican or Democrat parties. In reality, the Libertarian Party is more an amalgam or synthesis of the two. It’s in that sense that many disaffected Republicans and Democrats seem to be filing into the Libertarian ranks over these past few years. Whereas the other parties force more conformity and singleness of message, Libertarians, in our laissez-faire stance to most things, allow broad opinions and vast beliefs even to the detriment of message.
Libertarians, for the most part, just want to be left the hell alone. However, among our ranks are environmentalists (which depending upon degree of ‘orthodoxy’ can remind me of rabid Statists), anarchists or rather anarcho-capitalists, Liberals/Democrats and Republicans with firm beliefs of social/civil rights, e.g. gay marriage, anti-war subset, and lastly there is the Ron Paul subset with a firm belief in the Constitution and rooted in Austrian Economics. This is by no means a complete list of all people who define themselves as ‘libertarian,’ but it does help to illuminate a general discordance within the party.
Considering the problems that our country is facing, and the dire consequences of inaction, I find it necessary for the Libertarian Party to find an issue which impacts everyone; in fact, it is a necessary prerequisite for our country to move out of the doldrums of an economic Depression and that is sound money. As a fan of Austrian Economics myself, we, as a party and individually, have not fought back hard enough in demanding that our government adhere to the Constitution and end this sham of a fiat/Federal Reserve inspired money system. Ron Paul, at least in Congress, has been the unsung hero of sound money since the late 1970s. Many considered him a quack who knew not about the complexities of the vast US economic system. In point of fact, it was the Republicans and Democrats who knew nothing of the system and kept feeding the paper beast.
By focusing on money and its proper management will allow most libertarians to rally behind a principle which many of us hold true; the principle is that all of us, both individually and collectively, need to be self sufficient. We, as a nation, cannot be self sufficient when we continue to pump money, i.e. inflation, into a bloviated monetary system. Furthermore, the very nature of our banking system is based on inflation and fraud via a Federal Reserve protected fractional-reserve banking system. For the only reason we can ‘afford’ our foreign interventions, massive welfare state, and environmentally suicidal system is by trillions of dollars in non-backed currency, currency which was truly created ‘out of thin air.’
It is only after we have a sound money system that we can truly take a look at what money we have coming in and the extent of our liabilities going out. I do have some hope for the future considering that Ron Paul was recently placed in charge of the Subcommittee which oversees the Federal Reserve and he recently introduced HR 459, The Federal Reserve Transparency Act, aka Audit the Fed Bill. Additionally Ron Paul’s son, Rand Paul, introduced the same bill in the Senate as S. 202.
For our nation to survive, we must support Ron and Rand Paul in auditing and then ultimately dismantling the Federal Reserve System. Let us, as a party, stand united around true fiscal discipline and self sufficiency. Central Banking and fiat currency has been the noose under which our Republic’s neck rests, fought against by our Founders, and then abdicated in 1913. As Congressman Charles Lindbergh, Sr. opined upon the Federal Reserve Act passage in 1913, “from now on, depressions will be scientifically created.”
Libertarians, for the most part, just want to be left the hell alone. However, among our ranks are environmentalists (which depending upon degree of ‘orthodoxy’ can remind me of rabid Statists), anarchists or rather anarcho-capitalists, Liberals/Democrats and Republicans with firm beliefs of social/civil rights, e.g. gay marriage, anti-war subset, and lastly there is the Ron Paul subset with a firm belief in the Constitution and rooted in Austrian Economics. This is by no means a complete list of all people who define themselves as ‘libertarian,’ but it does help to illuminate a general discordance within the party.
Considering the problems that our country is facing, and the dire consequences of inaction, I find it necessary for the Libertarian Party to find an issue which impacts everyone; in fact, it is a necessary prerequisite for our country to move out of the doldrums of an economic Depression and that is sound money. As a fan of Austrian Economics myself, we, as a party and individually, have not fought back hard enough in demanding that our government adhere to the Constitution and end this sham of a fiat/Federal Reserve inspired money system. Ron Paul, at least in Congress, has been the unsung hero of sound money since the late 1970s. Many considered him a quack who knew not about the complexities of the vast US economic system. In point of fact, it was the Republicans and Democrats who knew nothing of the system and kept feeding the paper beast.
By focusing on money and its proper management will allow most libertarians to rally behind a principle which many of us hold true; the principle is that all of us, both individually and collectively, need to be self sufficient. We, as a nation, cannot be self sufficient when we continue to pump money, i.e. inflation, into a bloviated monetary system. Furthermore, the very nature of our banking system is based on inflation and fraud via a Federal Reserve protected fractional-reserve banking system. For the only reason we can ‘afford’ our foreign interventions, massive welfare state, and environmentally suicidal system is by trillions of dollars in non-backed currency, currency which was truly created ‘out of thin air.’
It is only after we have a sound money system that we can truly take a look at what money we have coming in and the extent of our liabilities going out. I do have some hope for the future considering that Ron Paul was recently placed in charge of the Subcommittee which oversees the Federal Reserve and he recently introduced HR 459, The Federal Reserve Transparency Act, aka Audit the Fed Bill. Additionally Ron Paul’s son, Rand Paul, introduced the same bill in the Senate as S. 202.
For our nation to survive, we must support Ron and Rand Paul in auditing and then ultimately dismantling the Federal Reserve System. Let us, as a party, stand united around true fiscal discipline and self sufficiency. Central Banking and fiat currency has been the noose under which our Republic’s neck rests, fought against by our Founders, and then abdicated in 1913. As Congressman Charles Lindbergh, Sr. opined upon the Federal Reserve Act passage in 1913, “from now on, depressions will be scientifically created.”
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Source: © 2005-2011 Article Dashboard/Sound Currency, The Federal Reserve And A Libertarian’s Call To Action
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