Slavery, Freedom, and Forgiveness

-By Thomas E. Brewton

Vengeful anger is spiritual slavery from which we are delivered by Christian love and forgiveness.

Sermons this Sunday and last Sunday at Black Rock-Long Ridge Congregational Church (North Stamford, Connecticut) were based upon Philemon, one of the shortest books in the Bible. These sermons were parts one and two of a three-part series on the subjects of duty, Christian love, and forgiveness.

Pastor Steve Treash focused today upon the need, and the immense benefit, of forgiving and releasing feelings of anger and revenge that too often we nurture when we believe that someone has wronged us. Last Sunday’s sermon dwelt upon the paradox of physical slavery and spiritual freedom and of the necessity to face up to wrongs we have done to others.
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Senator Obama and the Transformation of Human Nature

-By Thomas E. Brewton

Believing apparently that specifics are not necessary, Senator Obama promises us that his election will bring us all together in one happy family via a miraculous transformation of society and its citizens.

Earthly perfection of human nature and human society, here and now, is what Senator Obama is promising us. This is his implicit message when tells us that he can, as President, bring us all together and move us beyond strife, aggression, and wars.

One thing we can state categorically in that regard is that what Senator Obama promises is emphatically, irreconcilably opposed to the Judeo-Christian foundations of Western Civilization. Parenthetically, the Senator’s secular and socialistic mind-set may explain in part why he saw no problem with the unchristian hatred preached by his minister, the Rev. Wright.
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Herbert Hoover McCain?

-By Thomas E. Brewton

Senator Clinton and the Los Angeles Times need to get their facts straight before making ignorant pronouncements.

The Los Angeles Times Blog recently reported:

In the very first words she uttered reacting to John McCain’s speech on the housing market crisis Tuesday, Hillary Clinton evinced part of her appeal to older voters: her frame of reference is theirs.

“It sounds remarkably like Herbert Hoover,” Clinton said of McCain’s assertion that he is not inclined — and probably never will be — to embrace aggressive, sweeping government efforts to confront the problem of rising home foreclosures.

Specifically, McCain opined that “it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.”

By mentioning Hoover, whose tepid response to the Great Depression helped keep the White House in Democratic hands for 20 straight years after he was bounced from office in the 1932 election, Clinton invoked what once was a can’t-miss applause line among Democrats.

What are the facts, fully detailed and documented by commentators writing at the time?
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Can Government Fix the Over-Built Housing Market?

-By Thomas E. Brewton

Why did we get a massive over-building of single family homes and a plethora of bad mortgage loans?

Responding to Liberals’ Wall Street Pirouette, a reader wrote, among other observations:

I was right with you until… “the huge overproduction of housing would not have occurred.”

What “over-production”?

Remember: supply, demand and price balance except where force or fraud intervene, in a theoretical environment of scarcity. So, how do you precisely define “over-production” or “over-supply” or “surplus” or “shortage”?

My explanation:

Bottom line: the crash of the housing industry, the subprime mortgage meltdown, and the securitized debt disintegration that threaten the financial community originated with the Federal Reserve. In the extended period during the 1990s and into recent times, Fed Chairman Alan Greenspan kept interest rates artificially low by flooding the market with excess money. Chairman Bernanke, who believes that the Depression was caused by the government’s failure to spend enough, is carrying on that destructive policy.
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Senator Obama and Christian Love

-By Thomas E. Brewton

Distressing remarks from the Senator’s pastor have been hashed and rehashed, but something more needs to be said.

In addition to assessing the inflammatory preaching by the Rev. Jeremiah Wright in terms of patriotism and decency, let’s also examine it from the viewpoint of Christian love.

Let’s acknowledge at the outset that we in the general public do not know the typical content of Rev. Wright’s sermons, whether his condemnation of the United States and of whites was an aberration or the norm.

Therefore judge nothing before the appointed time; wait till the Lord comes. He will bring to light what is hidden in darkness and will expose the motives of men’s hearts. At that time each will receive his praise from God. (1 Corinthians 4:5)

But, however humanly understandable may be Rev. Wright’s vitriol reported in the media, it is far removed from the teachings of Jesus.
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Good News From the Graveyard!

-By Thomas E. Brewton

Jesus is Risen!

Pastor Steve Treash preached the sermon for Easter Sunday at the Black Rock-Long Ridge Congregational Church in North Stamford, Connecticut.

The good news is that death is dead; fear has fled; and new life is ahead.

Jesus came to free us from the fear of death, to unite us with God in eternal life.

Since the children have flesh and blood, he too shared in their humanity so that by his death he might destroy him who holds the power of death—that is, the devil— and free those who all their lives were held in slavery by their fear of death. (Hebrews 2:14-15)

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A Liberal-Progressive Wrestles with Morality

-By Thomas E. Brewton

Choosing human reason alone as the road to understanding means that morality is no more than the result of the latest public opinion poll.

Read Richard John Neuhaus’s commentary on Austin Dacey’s The Secular Conscience: Why Belief Belongs in Public Life. Mr. Dacey is the editor of Philo, a journal of secularist philosophy.

Despite its title, Mr. Dacey’s book is a confrontation with spiritual religion. Mr. Neuhaus writes:

On almost all the hot-button issues—abortion, embryo-destructive research, same-sex marriage, Darwinism as a comprehensive philosophy, etc.—Dacey is, in my judgment, on the wrong side. But he is right about one very big thing. These contests are not between people who, on the one side, are trying to impose their morality on others, and people who, on the other side, subscribe to a purely procedural and amoral rationality. Over the years, some of us have been trying to elicit from our opponents the recognition that they, too, are making moral arguments and hoping that their moral vision will prevail. But in the world of secular liberalism, morality is the motive that dare not speak its name. Austin Dacey strongly agrees. I expect he would not agree that the secularist moral vision entails a quasi-religious understanding of reality, but one step at a time, and The Secular Conscience is a critically important first step.

Dacey has quibbles with Pope Benedict’s analysis of moral “relativism,” but he admits that “secular liberals find it had to shake the lingering feeling that there is something to the pope’s diagnosis. Something disquieting has been happening to the Western mind over the last half century.” He writes about a philosophy professor who reports that none of his students are Holocaust deniers, but an increasing number are even worse: “They acknowledge the fact, even deplore it, but cannot bring themselves to condemn it morally.” Who are they to say that the Nazis were morally wrong? And so it is also with apartheid, slavery, and ethnic cleansing. For these students, passing moral judgment “is to be a moral ‘absolutist,’ and having been taught that there are no absolutes, they now see any judgment as arbitrary, intolerant, and authoritarian.”

…Secular liberalism “has been undone by its own ideas,” Dacey writes. “The first idea is that matters of conscience—religion, ethics, and values—are private matters. . . . By making conscience private, secular liberals had hoped to prevent believers from introducing sectarian beliefs into politics. But of course they couldn’t, since freedom of belief means believers are free to speak their minds in public.” Dacey recognizes the gravely flawed view of John Rawls that public decisions must be advanced by public reasons recognized by all reasonable parties. That is not the case with most questions requiring political decisions. He writes: “A policy can be justified when it is favored by a convergence of citizens’ varying reasons, without there being any consensus on those reasons themselves. And there is no reason why the claims of conscience can’t be a part of such convergence…”

Several points touched upon by Mr. Neuhaus in his commentary need emphasis.
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For What Purpose Was the Fed Created?

-By Thomas E. Brewton

The role of the Federal Reserve has changed enormously, not for the good, since its creation in 1913.

Most people today assume that the Fed’s proper function is to manage the economy via monetary policy.

A quotation in today’s Wall Street Journal in the “Ahead of the Tape” column reflects that understanding.

“We may be going from bubble to bubble,” says Ed Yardeni, chief investment strategist at Yardeni Research. The problem is that the only other choice for the Fed is to do nothing and let the economy fall into a recession.

“The Fed was created to avoid financial crises and get us out of them when they happen, and that’s what they’re trying to do.”

In the March 8th edition, Wall Street Journal reporter Greg Ip writes:

The Federal Reserve, facing constraints on how much it can accomplish with lower short-term interest rates, is increasingly pressing alternative approaches to restore order to credit markets and combat the risk of recession.

On Friday, it fired its latest unconventional salvo, announcing it would pump as much as $200 billion into short-term funding markets through two separate mechanisms to ease strains on banks’ funding and on mortgage markets. That followed Chairman Ben Bernanke’s call Tuesday that both lenders and the federal government do more to write down the face value of troubled mortgages, forestalling foreclosures and helping stabilize the housing market, and his earlier support of fiscal stimulus.

None of this was envisioned by Congress in 1913.
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Liberal-Progressive Mind Control

-By Thomas E. Brewton

Socialism, of which liberal-progressivism is the American sect, is more than control of the economy. Most importantly it is mind-control through the public education system.

The Washington Times reports the latest liberal-progressive-socialist curtailment of personal freedom.

“California courts have held that under provisions in the Education Code, parents do not have a constitutional right to educate their children in their own home,” said the Feb. 28 ruling by the California Appellate Court for the second district.

When they wish to overrule long-standing political liberties, liberals look to precedents of so-called international law and other nations’ customs. The socialist European Union, and Germany specifically, provide ammunition for abrogating educational liberties.

Why the animus of liberal courts and teachers’ unions against home schooling?
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The Sordidness of Liberal-Progressivism

-By Thomas E. Brewton

There is more to life than sensual gratification.

Reading Anthony Daniels’s At the Forest’s Edge in the New Criterion website, one is reminded of the superficiality of the liberal-progressive philosophical foundation.

Mr. Daniels ruminates about the analysis of modernity expressed by Sigmund Freud in Civilization and Its Discontents and by Jose Ortega y Gasset in The Revolt of the Masses. Both works were published in 1930, when liberal-progressivism was becoming ascendant in the United States.

Both are products of the materialistic philosophy of the 19th century that repudiated God and spiritual religion, proclaiming that only the tangible and material elements of everyday life here on earth had any real influence upon human conduct and the course of history.
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The Miracle of Restraint

-By Thomas E. Brewton

God, Who can impose whatever He wants upon the cosmos, chooses to give us free will.

Sunday’s sermon at Black Rock-Long Ridge Congregational Church (North Stamford, Connecticut) was preached by Pastor Larry Fullerton, who confessed that sometimes he wishes God were different.

How satisfying it would be if God employed His awesome power to smash Satan and his emissaries of evil. How gratifying if God alleviated all the suffering in the world. How uplifting for the whole world if God simply changed everyone’s spiritual life instantly, making all mankind believers in Jesus Christ.

Clearly Jesus’s ministry on earth satisfied none of these desires. The Jews expected a military messiah who would overthrow the Romans and re-establish David’s earthly kingdom. Even Jesus’s disciples, after living with him every day for four years, expected some sort of earthly kingdom, failing to grasp fully Christ’s Divinity and the nature of His mission until after the crucifixion and resurrection.

What emerges from scripture is the reverse of what people expected of the Messiah. Jesus used, not the powerful rulers or the established religious leaders, but the poor and lowly to demonstrate His power and to convey His message. Even when challenged directly by Satan, Jesus was remarkably restrained.
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The Affirmative-Action Campaign

-By Thomas E. Brewton

Senator Clinton’s campaign emphasis on skill and experience is out of harmony with affirmative action, in which diversity is the prime criterion.

My friend Jon Gardner observed, I believe accurately, that the Democratic presidential primary has been driven by the same sort of feelings that impel businesses and educational institutions to seek minority candidates. Standards are lowered in the name of diversity and the accompanying feel-good effects of assuaging guilt. Affirmative action becomes a secular religious experience for liberal-progressives.

The lowered standards of affirmative action are rationalized under the rubric of tolerance, which, as used by liberal-progressives, means effectively the absence of standards. Anything goes, one culture is as good as the next, and all sentiments other than patriotic devotion to the United States are welcomed.

Whatever Senator Obama’s knowledge and skills may be for the presidency, and they are evidently considerable, that seems not to be the subliminal issue in the race between him and Senator Clinton.
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God to Gore:

-By Thomas E. Brewton

Go to your room, sonny boy, and stay there!

Much counter-evidence to the man-made global warming hypothesis has come to light.

Forget global warming: Welcome to the new Ice Age

Temperature Monitors Report Widespread Global Cooling

Measuring the Phoenix Urban Heat Island

Global warming skeptics buoyed by record cold

UA prof challenges one of central beliefs about global warming

Ocean circulation in a warming climate

Chilling Effect

Global Warming: Experts’ Opinions versus Scientific Forecasts

Kilimanjaro’s ice set to linger

The Sun Also Sets

Read the sunspots

The real costs of climate change

Since the Renaissance, considerable human energy and ingenuity in the Western world has been applied to improving and increasing food production and the results of manual labor. Aiding the resulting elevation of living standards was the rise of mathematics and the physical sciences. People came increasingly to understand the workings of the physical world and the God-given laws of science governing nature.

In the 19th century, however, scientific progress became infused with nonsensical political theory, the atheistic and materialistic socialism of the French Revolution. From this came the idea of progress toward conquest of nature. It was not sufficient merely to understand the processes of nature. Man had to become godlike and to control the forces of nature.

As C. S. Lewis warned us in The Abolition of Man,

At the moment, then, of Man’s victory over Nature, we find the whole human race subjected to some individual man, and those individuals subjected to that in themselves which is purely ‘natural’ – to their irrational impulses. Nature untrammelled by values, rules the Conditioners and, through them, all humanity. Man’s conquest of Nature turns out, in the moment of its consummation, to be Nature’s conquest of man.

Our current-day obsession with the hypothesis of global warming as a man-made phenomenon, rather than a normal cycle of God’s nature, is one result.

Its impetus is to transfer all individual freedom to a single, universal control board whose chairman presumably would be Al Gore. The Kyoto Protocol, don’t forget, was a product of the UN and collectivist bodies like the EU.

Individuals are no longer to be free to make decisions about how to heat their homes, what automobiles to drive, even what foods to eat. Liberal-progressive-socialist councils will tell us what we are required to want and how we are required to conduct our daily lives.

Gore, the man who would be God, is unsatisfied with continuing an open scientific investigation of natural phenomena. He has, once and for all time, selected his hypothesis and strives mightily to achieve the earthly power to impose its sanctions upon us all.
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How Interest Rate Manipulation Punishes Us

-By Thomas E. Brewton

Why is it bad for the Fed to reduce interest rates when, as now, the dollar is falling against other currencies?

The Fed doesn’t just issue an order for rates to come down. It has to pump artificially created money into the financial system to reduce interest rates.

Interest rates are the price for money. The relationship is easier to see with ordinary goods and services. If a bumper crop of apples hits the market, the price of apples will fall. In the same way, if the supply of money increases, interest rates (the price of money) will tend to fall.

There is, however, a real limit to the effectiveness of the process, as we learned painfully in the 1970s stagflation. Up to that point, faith in Keynesian economic orthodoxy (the standard doctrine of the Democratic party) assured us that increased government spending is the cure for any recession.

To implement decisions of the Federal Reserve Board to reduce interest rates, the open market desk of the New York Federal Reserve Bank creates money with bookkeeping entries and buys Treasury securities from financial institutions. The result is a net addition to the money supply, which ordinarily will result in lower interest rates and an increased readiness of financial institutions to make more loans.
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Modern-Day Moloch

-By Thomas E. Brewton

Worshipping the ancient Mediterranean god Moloch, and today’s liberal -progressivism, both require sacrificing children on the altar of self-centered materialism.

As G. K. Chesterton wrote in The Everlasting Man, ancient Rome’s great rival in the period of the republic was Carthage. Along with Tyre, at the eastern end of the Mediterranean, Carthage, in Chesterton’s characterization, was a Phoenician city-state dominated by commercial councils who cared little for spiritual religion based on principles of morality and benevolence. Everything was measured in money and goods, even propitiating the gods and seeking their favor.

Carthage’s principal deity was Moloch, a particular object of hatred by the Romans.

Rome’s deities were relatively benevolent, representing the spirit of home, hearth, and agriculture. In violent contrast, Moloch demanded of his worshippers a steady sacrifice of young babies, who were placed in the metal arms of Moloch’s image over a raging fire, where the infants were burned to death. In recent times, archaeologists excavating the site of ancient Carthage have uncovered altar sites surrounded by large numbers of human infant skeletons.
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God’s Will for Your Future

-By Thomas E. Brewton

There is an antidote to the feckless way too many of us live our lives.

Pastor Steve Treash at the Black Rock-Long Ridge Congregational Church (North Stamford, Connecticut) continued his examination of God’s will for our lives. His focus this Sunday was God’s will for our future.

The inescapable point is that God holds the clock on our lives. He knows when each of us is to die. We should know that dying without Jesus Christ is to consign our souls to eternal damnation.

What are our guideposts on the necessary spiritual journey?

First, Jesus is coming back. This is stated roughly 300 times in the New Testament.
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Decision Stress

-By Thomas E. Brewton

Technological advances and changing life styles confront the average person today with unprecedented numbers of often worrisome decisions to be made each day.

Pastor Steve Treash’s sermon today at Black Rock-LongRidge Congregational Church (North Stamford, Connecticut) focused upon guidelines for making Christian choices in our lives.

In the past, most women became housewives and mothers, assuming the primary role in holding the family together. Men tended to take jobs that followed in their fathers’ paths. Both men and women remained all their lives in or near their birthplaces.

Lower cost and ease of travel, coupled with instantaneous worldwide communications, have blown apart the traditional, intergenerational family as a cohesive unit. The rapidly proliferating numbers of choices for consumer goods, investment securities, and job opportunities, often far from home, engender pressure and anxiety.

When we worship false gods – wealth, power, and fame – pressures and anxiety increase.

How to deal with it? The answer, of course, is to turn to God.
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Liberal-Progressive Paganism

-By Thomas E. Brewton

Recycling is fraudulent and economically wasteful, but it’s a feel-good object of pagan worship for liberal-progressive-socialists.

Pagan gods of the Old Testament were powerless against God, as Pharaoh discovered when he balked at God’s demand to liberate the Isrealites from slavery. Nonetheless, Middle Eastern peoples, and even the Israelites, kept turning to their idols of stone, wood, and precious metals.

Re-cycling is a modern-day liberal-progressive idol that is, like the idols of old, both ineffective and harmful. Neither of these characteristics, of course, deters liberal-progressives, whose avowed fidelity to science doesn’t go as far as examining and acting upon actual results in real life.

The only requirement for liberal-progressives is that a shibboleth sound good and make them feel good.

But, why recycling?
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Discovering God’s Will For Your Life

-By Thomas E. Brewton

The bottom line is put first things first.

Pastor Steve Treash preached Sunday’s sermon at Black Rock-Long Ridge Congregational Church (North Stamford, Connecticut). His question was, “How do we discover God’s will for our lives?”

God knows everything, because he created us and everything in the universe.

Nothing in all creation is hidden from God’s sight. Everything is uncovered and laid bare before the eyes of him to whom we must give account. (Hebrews 4:13)

God is all-wise; He knows what is best for me.

– to the only wise God be glory forever through Jesus Christ! Amen. (Romans 16:27)

God loves me.
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Stimulus Packages: 1929 to 2008

-By Thomas E. Brewton

The current Republican and Democratic economic stimulus plan is the latest version of a much tried and repeatedly untrue liberal-progressive panacea.

Stimulus packages first surfaced in this country, under President Herbert Hoover, as a product of the liberal-progressive-socialist doctrine of the early 20th century. They failed miserably throughout the Depression and haven’t worked anytime since then.

The bottom line is that stimulus packages don’t do the intended job of jump-starting the economy. Instead they work against righting misallocation of economic resources and add to inflationary pressures that rob people of the value of their savings.

Tax cuts, coupled with reduced government spending, are the only effective and non-inflationary economic stimulants.

Why then have one-shot stimulus packages?
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What Is Worship?

-By Thomas E. Brewton

True worship is in every individual’s heart and soul.

Sunday’s sermon at Black Rock-Long Ridge Congregational Church (North Stamford, Connecticut) was preached by Pastor Josh Feay.

His message was that worship is realizing Who God is and giving thanks for what He does for us.

Therefore, I urge you, brothers, in view of God’s mercy, to offer your bodies as living sacrifices, holy and pleasing to God—this is your spiritual act of worship. (Romans 12:1)

Worship is more than the physical trappings of attending church services – music and a beautiful sanctuary.
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Private Philanthropy is Bad for Socialism

-By Thomas E. Brewton

The New York Times is distressed that private philanthropists can give money to any charity they choose.

Only a socialistic Federal government is capable, says the Times, of making wise decisions about dispensing money to achieve social justice.

The flip side of American private largess is the stinginess of the public sector. Philanthropic contributions in the United States — about $300 billion in 2006 — probably exceed those of any other country. By contrast, America’s tax take is nearly the lowest in the industrial world. Federal, state and local tax collections amount to just more than 25.5 percent of the nation’s economic output. The Finnish government collects 48.8 percent. As a result, the United States spends less on social programs than virtually every other rich industrial country, according to the Organization for Economic Cooperation and Development. The Finnish government probably has money to build children’s health clinics.

Critics of government spending argue that America’s private sector does a better job making socially necessary investments. But it doesn’t. Public spending is allocated democratically among competing demands. Rich benefactors can spend on anything they want, and they tend to spend on projects close to their hearts.

The real point, of course, is not that private philanthropists misplace their donations. The point is to move the United States farther toward what Hilaire Belloc called The Servile State and Friedrich Hayek called The Road to Serfdom.
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Maladjusted Managed Economies

-By Thomas E. Brewton

The experience of the Soviet Union, Japan, and China should, but will not, cause liberal activists to proceed with caution.

According to today’s New York Times:

Senator Hillary Rodham Clinton said that if she became president, the federal government would take a more active role in the economy, to address what she called the excesses of the market and of the Bush administration…

Reflecting what her aides said were very different conditions today, Mrs. Clinton put her emphasis on issues like inequality and the role of institutions like government, rather than market forces, in addressing them.

The logical end of Senator Clinton’s prescription was first articulated by the followers of Henri de Saint-Simon, who in 1829 addressed the following to the President of the French Chamber of Deputies:

The sole effect of [the free market place] system is to leave the distribution of social advantages to a chance few who are able to lay some pretence to it, and to condemn the numerically superior class to deprivation, ignorance, and misery. [Socialists] ask that all the instruments of production, all lands and capital, the funds now divided among individual proprietors, should be pooled so as to form one central social fund…

Saint-Simonian socialists believed that their goal of socializing the production of goods and services would most effectively be achieved by abolishing all rights of inheritance, with property reverting to the political state upon the owner’s death. This, of course, is the underlying logic of our own inheritance taxes and the fight to the death by Democrats to preserve inheritance taxes.

Socialist China, with its rapid, centrally-controlled economic growth, is an example of the painful imbalances that inevitably occur when government planners intervene extensively in the workings of the free marketplace. On the Mises.org website, Robert Blumen describes the results.

Similar problems befell the Soviet Union, whose central planners over-allocated resources to production of armaments, the military forces, and heavy industry to support a militaristic foreign policy. In daily life, the citizenry had to wait hours in line for what little consumer goods were produced; they were not as well off as the lowliest of our welfare recipients.
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Canada’s Reign of Terror

-By Thomas E. Brewton

More on high-handed suppression of free speech by Canada’s Human Rights Commission.

The Canadian reader who alerted me to the violation of political liberty by the Canadian Human Rights Commission emailed this follow-up:

Following on the heels of the charges against Mark Steyn was the charge and investigation of another mainstream conservative journalist – Ezra Levant.

His crime: Republishing copies of the infamous “Danish Mohammed Cartoons” (you know the ones people said “THAT’s what all the riots are about ???) along with editorial review of the reasons why western newspapers were failing to act in the public interest to report the news.

Ezra took a very proactive stand against his inquisition – he videotaped his initial interrogation and published it on YouTube.

Even Americans should be reminded of how traditional freedoms and rights can be undermined by modern conceptions of rights.

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1971 Redux

-By Thomas E. Brewton

We’re heading back to the disaster of President Nixon’s Keynesian economics of price controls, rampant deficit spending, and punishing inflation.

As asserted frequently on this website, Federal deficit spending is not a cure for economic recessions and unemployment; it’s a cause thereof.

The January 18, 2008, Wall Street Journal editorial page elaborates further.

Our current economic slowdown was triggered by the housing bubble and the subprime mortgage meltdown. Neither would have occurred without continuous Federal deficit spending funded by the Fed’s creation of fiat money with bookkeeping entries.

Politicians’ Keynesian proposals for tax rebates and emergency spending will have the effect of pouring gasoline on a fire in the expectation that doing so will quench the flames. A temporary upsurge in economic activity may result, but it will leave the economy with still uncleared bad debts and excess inventories of houses and other goods. Inflation will inevitably increase, leaving people’s savings and other assets worth less than before.

Recessions occur when production in excess of real underlying demand can no longer be floated on excess money availability. When that happens, businesses find themselves with costs out of line with what the market will pay for their goods.

Prices of goods have to be cut (witness the sharp declines in prices of new and old homes) in order to clear out excess inventories. To bring costs down low enough to make a profit at the new lower market prices, businesses have to lay off excess workers and cut wages and other costs.
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Liberals’ Plan to Stimulate Inflation

-By Thomas E. Brewton

Liberals propose to follow the same game plan that gave us stagflation in the 1970s.

As success with the military surge in Iraq increasingly belies their claim that the war is already irretrievably lost, liberals have changed the subject from Iraq to the economy and the rising possibility of a recession. Liberal Republicans and Democrats, as usual, prescribe Federal deficit spending and higher taxes on “the rich.”

That is the doctrine of Keynesian economics, which advocates consumer spending as the exclusive highway to full employment and prosperity. According to Keynes, consumer and business savings must be offset by massively increased Federal spending. What the money is spent for doesn’t matter; just flood the market with money created by bookkeeping entries at the Federal Reserve banks.

Keynesian economics failed to end the Depression. Its repetition, as we saw in the bitter experience of Great Society stagflation in the 1970s, discouraged investment in projects of long term value and led to speculations that promised high rates of return in the short-run.

For example, during the 1970s stagflation, is was only marginally profitable to build rental apartments, because the rate of return on those investments was far below the inflation rate. What occurred, instead, was an unprecedented boom in hotel construction, because room rates could be increased every day. By 1980, there was a shortage of rental apartments and an oversupply of hotels.

In the real world, the only road to non-inflationary economic growth is lower taxes, offset by reduced Federal spending, grounded on a stable currency.

Non-inflationary economic growth is not a product of consumer spending. It must be funded by business and consumer savings. Consumers who save will not max out credit cards and add to inflationary pressures. Businesses that save will make long-term capital investment in higher productivity that enables increased production of useful goods and services at lower cost. That higher productivity makes possible higher wages and an improved standard of living for everyone.
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Phony Economics

-By Thomas E. Brewton

Liberals implicitly acknowledge that the so-called budget-balancing of the Clinton era was based on subterfuge and outright lie.

The Wall Street Journal editorial page notes the passing of one aspect of the sanctimonious liberal-progressive blather about fiscal prudence during the Clinton administrations (see Rubinomics R.I.P.)

I disagree strongly with the Journal’s insouciance about Federal deficits. Those deficits inescapably lead to inflation. The only question is how high inflation will be in any given year.

Despite what the Journal writes, interest rates are not the same thing as inflation rates. Interest rates can decline in periods of budget deficits induced by lower taxes. But, if the Federal budget is not reduced correspondingly, inflation is inevitable.

Assuredly, however, the Journal is correct in its observation of liberal-progressive-socialist readiness to abandon its feigned economic pieties and revert to Keynesian economic measures.

With regard to liberals’ Clinton era pretensions of fiscal prudence, several things are to be remembered.

First, President Clinton balanced the Federal budget in the short run by massively cutting our military budget. That left our armed forces, at 9/11, with severe constrictions in manpower, armaments, ammunition, and other supplies that forced us to use fewer troops in Iraq than standard military doctrine projected.

Second, the Congressional Budget Office’s (CBO) politically propagandistic projections of continued balanced budgets far into the future depended upon continuous economic expansion at faster sustained rates than ever before in history.

Third, President Clinton initially proposed one of the largest tax increases in our history. Only election of a Republican majority in Congress stopped the madness and gave us, instead, tax reductions. Thereafter tax revenues rose, rather than declined as the CBO estimated, because economic activity burgeoned under the stimulus of tax cuts.

Fourth, the Clinton administration, fronted by Treasury Secretary Robert Rubin and Vice President Al Gore, repeatedly lied to the American people, claiming that the Federal debt was being paid down. In fact, the Treasury’s own website simultaneously displayed the amount of Federal debt, which never stopped rising. What Secretary Rubin and Vice President Gore hoped the public would not discover was that the Treasury was simply retiring Federal debt held by the public and replacing it, dollar for dollar, with non-marketable debt held by the Treasury. The funding for that operation came, not from reduced Federal spending, but from fiat money created by the Federal Reserve system.

In short, the Clinton administrations’ liberal-progressive-socialist economic policies were no more substantive than a street-corner three card monte scam.

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Thomas E. Brewton is a staff writer for the New Media Alliance, Inc. The New Media Alliance is a non-profit (501c3) national coalition of writers, journalists and grass-roots media outlets.

His weblog is THE VIEW FROM 1776 http://www.thomasbrewton.com/

Feel free to contact him with any comments or questions : EMAIL Thomas E. Brewton

Social Activism and the Social Gospel

-By Thomas E. Brewton

The road to hell is paved with good intentions, and social activism, when the aim is to enlarge government control, is inescapably traveling the road to political tyranny.

In The Social Gospel Has Found its Savior I wrote:

Regrettably, well meaning Christian ministers like Rick Warren are supporting Mr. Gore’s junk scientism and the power of man over the earth, rather than sticking to faith in the one True God as Creator and Regulator of the cosmos.

Rick Warren emailed me a nice message saying that he does not agree with the social gospel, acknowledging that it is simply atheistic socialism mimicking Christianity.

Nonetheless, mixing religion with purely secular and highly speculative activism like Al Gore’s campaign is hard to distinguish from the early 20th century’s social gospel.
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Why Cicero?

-By Thomas E. Brewton

Progressive education, the liberal-socialist tool of choice for brainwashing young minds, has left recent generations in ignorance of the great Roman statesman’s role in the structure of our own government.

Gary Galles’s post on the Mises blog, Cicero on Justice, Law and Liberty, reminds us that today’s students will hardly ever learn what was essential fare in our schools from earliest days until the 1930s.

Underlying the legacy of Cicero is the concept of natural law, which tells us that everything in our world is part of a grand design in which everything and every creature has a highest purpose that reflects its true essence. In humans, that essence is the soul and its quest for truth and justice within the intelligent world design.

To take a near at hand example of natural law, our Declaration of Independence asserts:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.

Writing to Richard Henry Lee in 1825, Jefferson said of his authorship of the Declaration of Independence, the essential thing was,
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The Judiciary: Tyranny’s Active Agent

-By Thomas E. Brewton

Have the Constitution’s checks and balances come unglued?

The First Things website carries a provocative essay by Richard John Neuhaus. The essay explores the contention that, as Anti-Federalists feared in the 1787-89 Constitutional ratification debate, the judiciary has come to be the dominant power in the Federal government.

Without exaggeration, it can be said that most of the activist, anti-traditional measures of government have been judicially imposed. Those have been predominantly aimed at outlawing Judeo-Christian morality, notably Roe v Wade and measures to banish spiritual religion from education and politics, while encouraging an accelerating descent into the cesspool of sensual gratification.
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