Firearms are second only to the Constitution in importance; they are the peoples' liberty teeth.

First Inaugural Address of George Washington...April 30, 1789

The preservation of the sacred fire of liberty and the destiny of the republican model of government are justly considered as deeply, perhaps as finally, staked on the experiment entrusted to the hands of the American people.

The Second Amendment of the U.S. Constitution

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

The First Amendment of the U.S. Constitution

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

Abraham Lincoln said:

"In this age, and in this country, public sentiment is everything. With it, nothing can fail; against it nothing can suceed. Whoever molds public sentiment goes deeper than he who enacts statutes, or pronounces judicial decisions."

James Madison Declared

The adversaries of the Constitution seem to have lost sight of the PEOPLE altogether in their reasonings on this subject; and to have viewed these different establishments not only as mutual rivals and enemies, but as uncontrolled by any common superior in their efforts to usurp the authorities of each other. These gentlemen must be reminded of their error. They must be told that the ULTIMATE AUTHORITY, wherever the derivative may be found, RESIDES IN THE PEOPLE ALONE. (Federalist Papers, No. 46, p.294; emphasis added.)

Tuesday, January 24, 2012

Central Economic Planning...the end of the Soviet Union

Over the last half century honest rigorous economic analysis and a balanced approach too centralized financial planning has shown that the centralized approach cannot succeed in defining the most advantageous monetary policy for every moment. This policy of centralized monetary planning and policy is one of the primary reasons the Soviet Union is now extinct. If one views the theory of socialism and centralized economic planning and policy making through this lens, which the Austrian economist did, one must come to the conclusion that it is self terminating. Ludwig von Mises and Friedrick A. Hayek discovered this and it can be applied to central banks here and abroad and too the Federal Reserve and to Ben Bernanke in particular. It is impossible organize a complex society by central planning and coercive commands of government; there are too many variables that cannot be know or understood. The free market must be left alone since it alone is usually ahead of the curve of the knowledge that any government can trully understand and plan for in it's rules and regulations which it believes will "control" the economy. Europe will do what it will do but in this country we must END THE FED.

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