Your life after death.....digitally.

So what happens to our digital life after we are gone? Adam Ostrow, a journalist, argues that we all have one thing in common, we will all die. Then what? Will our blogs be erased? Will our status updates on Facebook indicate the moment of death? Will we live on as part of the ever growing "cloud?" All good questions, a bit morbid maybe, but interesting.

What should be cut?

A couple of weeks ago I wrote about "The curse of the spendthrift legislators." Governments everywhere in the 'first world' have racked up huge debts, primarily because they have ventured into areas they do not belong. Governments at all levels have some legitimate functions in libertarian philosophy. Most of these proper functions can be classified broadly as protecting our rights without impinging on our liberties, including economic freedoms.
So now that the government spending pendulum has swung too far in the wrong direction everywhere, how can it be reversed?  As an example on a smaller scale, the link above mentions that the City of Toronto has a budget shortfall for next year of three quarters of a billion dollars. So city councillors are faced with cutting costs or raising taxes....a lot. What to do? One of the many suggestions in a report produced by KPMG for the city was to cut library services. You might imagine the hue and cry and that was elicited from the statist community for that one.
Realistically there is no way city government (or any government) will revert to the libertarian ideal in the near future. Our only hope is that government makes moves in the direction of more liberty. Two articles by Larry Solomon of the National Post suggest how this may be done. The first here, deals with the KPMG report and its effect on services. The second here, addresses the library questions and the perception that the cuts will somehow encourage widespread ignorance. Both articles offer interesting alternatives.   

Triple-A reality check

Today stock markets around the world resembled that ship over there, and that was after last week, a bad week. Standard and Poor's downgraded US credit on Friday after the markets closed, and all weekend media types were waiting for the other shoe to drop. Well, it's dropping, but maybe not yet completely dropped.
The media are portraying this as a debt crisis, POTUS Obama calls it a crisis in political will. No matter, things won't start improving until and unless everyone agrees that this is actually a spending crisis. It didn't start with Obama, or Bush 2, the problem  is chronic and widespread across the planet at all levels of government. Spending at a greater rate than income creates debt, its very simple, any household is aware of this reality. Why governments have the right to spend more than they have, is a great question, maybe for another time.
Canada lost its Aaa rating in 1992, and it was not reinstated until years later, after the Chretien-Martin Liberals actually downsized the Canadian Federal government. This downsize, that began about 15 years ago, is the reason most commentators say that Canada is doing so much better than the US and the other G7 economies at the moment.
So the reality is that a country functions better when it's spending is under control, and when its government shrinks giving the population more of its own discretionary income. Job creation is better, the monetary system is better and the future is brighter. That is the reality. 

Hyperinflation by fiat

Fiat currency or money, is money that has value only because of government regulation or law. That means there is no tangible commodity that the money can exchanged for, except its equivalent value in other denominations. So, one American dollar will get you four quarters made of some base metal combination, which at least has some heft to it. That is the law in the U. S., but once an American dollar was worth a pre-determined amount of gold, and then things changed.
The bill pictured is 1 x 10 to the 14th Zimbabwean dollars - one hundred trillion Zim dollars. Today, that bill is worth about $5.00 Canadian/US, as a collectors item. In 2008 that amount would purchase a cart of groceries, while 700 Billion Zim Dollars bought a loaf of bread. That's what happens when a currency collapses and hyperinflation ensues.
As posted here, the average life expectancy of a fiat currency is 27 years and as Stefan Molyneux explains in a recent posting below, the world's current reserve currency, the U. S. dollar, may be nearing the end of its life expectancy.

"Our genes talking"

Humans are successful because we have developed "social learning" and have used language to impart that learning to others.
Language is used to unite us, and divide us, and it has transformed humanity more than anything we possess.

Your government = your mommy

Don't touch those potato chips! Put down that can of soda pop! The government KNOWS whats best for you, trust them.
Seems to me, with all the things government is expected to do, chastising people for bad habits is one less thing it should be doing. Come to think of it, with the huge debts being accumulated by all levels of government on our behalf, there are too many things governments are doing. People should be responsible for themselves as much as possible, don't you think?

Rent Control, Race, and Sowell

Uncommon Knowledge is a video series produced by the Hoover Institution. Need your preconceived ideas shaken up? Then give a listen to Thomas Sowell (pictured), and hear what is meant by uncommon knowledge.

  

Warning, this posting is not politically correct and there is swearing too....

How many recycling containers do you use in your home? Here in my corner of the Great White North we have just a couple that we put out, and think we are doing our bit. But are we?
On garbage day a man on a bike, laden with bags and carriers, cycles through my neighbourhood in suburbia, rain or shine, summer or winter, and picks through the recycling "blue boxes" looking for anything of value. What could there be of value? Well, I can watch this guy through my office window as he picks out beer, wine and liquor bottles because the Provincial government beer store, returns a deposit on them and the man also picks up aluminium cans. Why aluminum? Good question, I'll leave that explanation for Penn Jillette and his colleague Teller. Enjoy, but be warned, there is swearing and it might shake your belief in recycling.

A libertarian tangles with statists on TV

Bill Maher frequently makes me angry and almost as frequently makes me laugh so I watch his weekly Real Time show on HBO. Last week he had as a guest Nick Gillespie of Reason TV, who was hawking his new book The Declaration of Independents: How Libertarian Politics Can Fix What's Wrong with America. 
Opposite Nick were, Bill Maher, and several traditional political types - all statists. The fireworks that ensued exposed the weakness of the statist arguments that support the status quo.....or should I say statist quo? Anyway, its interesting to hear all sides in the lively debate:

The curse of the spendthrift legislators

"Democracy at its finest," those were the words used by one City of Toronto councillor yesterday in a deputation marathon that lasted 22 hours. The City of Toronto needs to find $775 Million in savings in next years budget (2012), or it will need to raise taxes or cut services or both. Yesterday 334 people had registered to speak in front of City council to plead their case for saving their particular pet service (see picture) or support the cuts. In the end just under 200 got to speak (many just left during the night) and only one of those spoke in favour of cuts to spending. That is a sobering statistic.

This outbreak of parsimony is now wide spread in Western Democracies. In Europe, nations are teetering toward default on their financial obligations. Our American neighbours are in danger of defaulting by next week. At the Provincial and State and municipal levels across North America, governments of all stripes are coming to grips with massive debt, all of this in the midst of a weak recovery from a severe recession. Recession part two could be a result. The chickens are coming home to roost, the curse of the spendthrift legislators threatens everyone.

But look at Toronto, mobs of rent-seekers stepping up to ensure that they are cared for in the way they have become accustomed. "We want our services, and we want someone else to pay for them," that is the message of the debate.

Last October the new Mayor was elected to "stop the gravy train," to stop what he presented as the excessive fluff that citizens were forced to subsidize. He also promised not to cut services, perhaps naively. Certainly there was some fluff, and maybe the Mayor was aware that his promise was just that. The Mayor and council hired independent auditors KPMG, to suss out the "core-services," things that are required (by their definition) in a big city so that the $775 million shortfall could be eliminated without much pain. Right.

So here we are, for me the lesson is clear, despite all the evidence that you might think favours our cause, we are still at the bottom of a mountain. For those that hope that the libertarian utopia is just around the corner, give your head a shake, then take a deep breath, and prepare for a generational fight.