My New Years List

This past week the media were awash in prognostications for 2011 and 2010 year-in-review lists. I won't be doing that.
Once upon a time when I was young, I lived under the illusion that the media tried to present the news in an unbiased and factual manner. That was not true then, and it's definitely not true now. All news is edited, filtered, and coloured by media employees, and company or government policies; consequently so are the year-end-reviews.
Since I don't pretend to be a member of the media and my bias starts at the top of the page, I don't feel bad about repeating the list below. The list comes from Libertarian Quotes (#895), which itself is a wonderful list of over 1300 quotations that have a libertarian flavour. This site is maintained by the Libertarian Party of Boulder County Colorado.
If you ever feel in need of some inspiration, the collected wisdom of the list on the LPBC site is not only refreshing, but the anonymous quote at the top of their list says it all:
A quotation at the right moment is like bread to the famished. – Anonymous
So here is a list for 2011 and beyond that everyone including our governments should follow.
Have a healthy, prosperous, and peaceful 2011.   


The Ten "Cannots" of Political Economy:
You cannot bring about prosperity by discouraging thrift.
You cannot strengthen the weak by weakening the strong.
You cannot help small men by tearing down big men.
You cannot help the wage earner by tearing down the wage-payer.
You cannot further the brotherhood of mankind by encouraging class hatred.
You cannot help the poor by destroying the rich.
You cannot establish sound security on borrowed money.
You cannot keep out of trouble by spending more than you earn.
You cannot build character and courage by taking away man's initiative.
You cannot help man permanently by doing for them what they could do and should do for themselves.
Source: Libertarian quotes.

Can government monopolies destroy holiday plans?

Last week I mentioned the ridiculous delays at Britain's largest airport hub Heathrow. The amount of snow that fell on Heathrow Airport and surroundings was by Canadian standards tiny given the chaos that resulted. Apparently British transport authorities knew that even a small snowfall (such as this was) would result in massive problems.  Compare that to the half-metre snowfall in the New York Metropolitan area over the last few days, and one can appreciate just how unprepared the Brits were. Though the huge post-Christmas storm (5th worst ever)  on the US Eastern seaboard caused major delays, New York area airports are prepared for just such emergencies, and delays and disruptions were minor compared to the British mess.
So why were the Brits so unprepared? This link has a good explanation of just why government monopolies can ruin your holiday plans.  

Bernanke talks and the cartoon bears translate

Original 60 minutes interview:



Response by Mr. Tugwit's bears:



Part 2:

Capitalist Christmas

Christmas has arrived, and it certainly is more than just a "big celebrity birthday" as Dave Letterman joked in his monologue of Dec. 23, 2010. The CBS censors cut that bit from their Late Show webpage so don't bother checking.
Christmas is ostensibly a religious holiday (but it really is nothing of the kind) and the modern celebrations associated with it, have been criticized for being too commercial, too material and too gleeful, for a religion that worships self-sacrifice and rebirth into the after-life. Since Christianity (and several other religions) have a large antilife component, the celebration of the birth of a saviour deserves a more serious tone according to Christian orthodoxy.
In a wonderful essay, first delivered on a radio show fifteen years ago, Leonard Peikoff explains how the Christmas celebrated today by Canadians and Americans was an invention of post-Civil War America, a creation of "the happiest nation in history."
Dr. Peikoff was born a Canadian (Winnipeg, Manitoba) in 1933, and became heir and executor of the estate of Ayn Rand upon her death. I first read his work in The Objectivist magazine 40 years ago. Today he is a leading advocate of Objectivism and founder of the Ayn Rand Institute. His essay is published annually in Capitalism Magazine and can be viewed here. Enjoy, and Happy Christmas!