Milton Friedman – Free Markets and Human Freedom

Particularly important now…

As the one branch of the US government that actually listens to its people – the NSA – collects information about everyone, many people are saying that if a person is not doing anything illegal, they have nothing to fear from the loss of privacy.  If you read this blog regularly, you know my contempt for this mode of thinking, because…

The more you know about someone, the more you know what is important to them and how they make their decisions – the more easy it will be for you to coerce them.

Knowledge is power…always was, always will be.  And, even the most innocent things, strung together in certain ways and presented in a spun way, can make a person look guilty of something if the government decides they don’t like the way they are complaining about something.

Milton Friedman has it right – freedom is being free of coercion.

Dependency on government for services – from public transport to medicare to food stamps – opens one to easier and easier coercion, as does the loss of privacy.  That is why totalitarians always foster dependence and erode privacy.

And that is corruption of freedom!

 

Reason TV on Bitcoins

Walter E. Williams: Economics and Personal Liberty

 

Thomas Sowell: The Incentives of Affirmative Action

 

Why BitCoin is here to stay

F A Hayek – The Power Of Pricing

 

Cato Institute: “The Great Deformation: The Corruption of Capitalism in America”

Reason TV: Why The European Union Will Fail: Q&A with Austrian Economist Barbara Kolm

A Press Release from the Libertarian Party of Ontario

Today, I received an email with this press release from the Libertarian Party of Ontario.  It makes for interesting reading:

– M E D I A R E L E A S E – Jobs: Secure & Rewarding

This is the fourth in a series of releases designed to introduce our new Campaign platform for 2013-14.

One of the most enduring myths that politicians and governments perpetuate is their ability to create jobs in the economy. Indeed, governments do create government jobs, and some of those jobs are essential for protecting the rights of citizens. But every additional job created by government places a burden on the treasury, on the taxpayer, or worse requires additional government borrowing. Every government public sector job thus created makes it less likely that a private sector job is created.

If it were true that governments could create jobs as implied by politicians, then why not hire all the unemployed and be rid of that problem? The simple reason is that governments do not create wealth. That only happens in the private sector. Governments can only redistribute wealth and then only because of their monopoly on force.

What governments should do is simply create the legal and judicial framework which allows the private sector to produce the wealth and as many jobs as the market requires.

The reality is that current and past governments in Ontario have created so much red tape for prospective employers and disincentives for employees that our economy is struggling to provide the ideal jobs for Ontarians. Unions with government granted privileges further aggravate the situation, creating barriers to employment and removing choices from citizens.

Ontario Libertarians believe that the best way for our economy to create jobs is to allow employers and potential employees to negotiate wages and benefits, independent of regulation. Governments should refrain from any form of interference in the creation of jobs, labour regulations, or giving special legal privileges to either unions or employers.

To begin to unravel the red tape and the disincentives that constrain employment, Ontario Libertarians would eliminate all legislation that restricts the free market, including how wages are set and what training is required for a job.

Libertarians recognize that unionism has played an important role historically in improving working conditions for employees in Ontario. Today government regulations and the bureaucracy around jobs have largely usurped that role.

While unions are not inconsistent with free market economics, what is inconsistent, are the special privileges given to unions and union shops by governments. Governments have negotiated with unions and created public sector monopolies; governments have granted massive corporate bailouts designed to curry the favour of the unions and their crony corporate bosses, and governments have legislated the ability of unions to block non-union members in bidding for jobs. Libertarians believe that unions can operate in a free market, but they should have no right to control labour within that market.

Where employees were once powerless against their employers, today unions are more than a match for the crony corporations and the government agencies that employ them. There are many instances in today’s workplace where the power of unions, government agencies and crony corporatists work to the detriment of the economy and the people of Ontario. Libertarians will fight for the ordinary people of Ontario.

Over the longer term, Ontario Libertarians would eliminate licensing requirements and other impediments that interfere with job creation and that ultimately damage and distort the economy. Libertarians will strive to allow the free market to resolve the labour challenges of tomorrow.

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The Ontario Libertarian Party has been a registered political party since 1975. We advocate free markets, property rights, limited government, and voluntary interactions within communities between individuals and groups. Contact: info@libertarian.on.ca

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Originally posted: http://libertarian.on.ca/news/jobs-secure-rewarding

 

Thomas Sowell – Human Capital