Friday, September 14, 2007

British jets intercept Russian bombers

the flights come against a background of increasing tension between Russia and some Western powers. Observers also see it as a sign of renewed Russian self-confidence on the international stage.

Wednesday, September 12, 2007

Ron Paul 1, Statism 0

In the investment world, it is a well-known axiom that the trend is your friend (until it reverses). This phrase has been around for hundreds of years and contains a lot of horse sense. Only an academic could truly posit that anything controlled by human behavior is a so-called "random walk." The tendency of humans to herd is well documented and proven. To those in the know about investing, the concept of trend uniformity is well known and to bet against a well-established trend is folly. Yet all trends go too far and then reverse. The trick is to know when they have reversed. I would submit that in the 20th and 21st centuries Statism has been a prevailing trend versus the Individual. Economies of scale and the need for large teams to accomplish big projects drove us in that direction in spite of our agrarian roots. But I sense a change of trend. I believe that the support for Dr. Ron Paul is a function of the fact that he is sitting on top of an enormous new trend: Individuals versus Big Organizations or Individuals versus the State. I am long Individuals and short the State.

Monday, September 10, 2007

This is nearly 100 years old

Robert M. La Follette... delivered 6 Oct 1917 Washington, DC
But, sir, it is not alone Members of Congress that the war party in this country has sought to intimidate. The mandate seems to have gone forth to the sovereign people of this country that they must be silent while those things are being done by their Government which most vitally concern their well-being, their happiness, and their lives. Today, and for weeks past, honest and law-abiding citizens of this country are being terrorized and outraged in their rights by those sworn to uphold the laws and protect the rights of the people. I have in my possession numerous affidavits establishing the fact that people are being unlawfully arrested, thrown into jail, held incommunicado for days, only to be eventually discharged without ever having been taken into court, because they have committed no crime. Private residences are being invaded, loyal citizens of undoubted integrity and probity arrested, cross-examined, and the most sacred constitutional rights guaranteed to every American citizen are being violated.

It appears to be the purpose of those conducting this campaign to throw the country into a state of terror, to coerce public opinion, to stifle criticism, and suppress discussion of the great issues involved in this war.

I think all men recognize that in time of war the citizen must surrender some rights for the common good which he is entitled to enjoy in time of peace. But, sir, the right to control their own Government according to constitutional forms is not one of the rights that the citizens of this country are called upon to surrender in time of war.

Rather, in time of war, the citizen must be more alert to the preservation of his right to control his Government. He must be most watchful of the encroachment of the military upon the civil power. He must beware of those precedents in support of arbitrary action by administration officials which, excused on the pleas of necessity in war time, become the fixed rule when the necessity has passed and normal conditions have been restored.

More than all, the citizen and his representative in Congress in time of war must maintain his right of free speech.

More than in times of peace it is necessary that the channels for free public discussion of governmental policies shall be open and unclogged. I believe, Mr. President, that I am now touching upon the most important question in this country today -- and that is the right of the citizens of this country and their representatives in Congress to discuss in an orderly way, frankly and publicly and without fear, from the platform and through the press, every important phase of this war; its causes, and manner in which it should be conducted, and the terms upon which peace should be made.

The belief which is becoming widespread in this land that this most fundamental right is being denied to the citizens of this country is a fact, the tremendous significance of which those in authority have not yet begun to appreciate. I am contending, Mr. President, for the great fundamental right of the sovereign people of this country to make their voice heard and have that voice heeded upon the great questions arising out of this war, including not only how the war shall be prosecuted but the conditions upon which it may be terminated with a due regard for the rights and the honor of this Nation and the interests of humanity.

I am contending for this right because the exercise of it is necessary to the welfare, to the existence of this Government, to the successful conduct of this war, and to a peace which shall be enduring and for the best interests of this country.

Suppose success attends the attempt to stifle all discussion of the issues of this war, all discussions of the terms upon which it should be concluded, all discussion of the objects and purposes to be accomplished by it, and concede the demand of the war-mad press and war extremists that they monopolize the right of public utterance upon these questions unchallenged. What think you would be the consequences to this country not only during the war but after the war?

Mr. President, our Government, above all others, is founded on the right of the people freely to discuss all matters pertaining to their Government, in war not less than in peace. It is true, sir, that Members of the House of Representatives are elected for two years, the President for four years, and the Members of the Senate for six years, and during their temporary official terms these officers constitute what is called the Government.

But back of them always is the controlling, sovereign power of the People, and when the people can make their will known, the faithful officer will obey that will. Though the right of the People to express their will by ballot is suspended during the term office of the elected official, nevertheless the duty of the official to obey the popular will shall continue throughout his entire term of office. How can that popular will express itself between elections except by meetings, by speeches, by publications, by petitions, and by addresses to the representatives of the people?

Any man who seeks to set a limit upon those rights, whether in war or peace, aims a blow at the most vital part of our Government. And then, as the time for election approaches and the official is called to account for his stewardship -- not a day, not a wee, not a month, before the election, but a year or more before it, if the people choose -- they must have the right to the freest possible discussion of every question upon which their representative has acted, of the merits of every measure he has supported or opposed, of every vote he has cast, and every speech that he has made.

And before this great fundamental right every other must, if necessary, give way. For in no other manner can representative government be preserved.