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Keynesian Economics Explained

The Center for Freedom and Prosperity Foundation recently released a video with Cato's Daniel Mitchell explaining the failed logic behind Keynesian economics.  It's a great watch, since Keynesian theory is the driving force behind President-Elect Barack Obama's latest stimulus plans:

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The Libertarian Party is asking you to submit your video telling us…

“Why I’m a Libertarian”

This will be a promotional video for the LP and will be shown at CPAC and other major events. The main idea is to show that Libertarians are your average Americans with principles they are willing to stand up for. Please join us in creating a piece of history and tell us why YOU are a Libertarian.

 

Is Cutting Taxes Really Raising Taxes?

Are cutting taxes really raising taxes? It's an interesting proposition, and one that economists are discussing in relation to President-Elect Barack Obama's proposed stimulus plan.  In Obama's projected $775 billion dollar stimulus plan, up to 40 percent of the (borrowed) money is anticipated to go towards tax cuts, while the rest will be put into infrastructure projects like bridge and road building. 

Chaos in Gaza

Since its creation as a Jewish state in the late 1940s, Israel has been one of the main sources of tension and unrest in the Middle East.  Now, more than 50 years later, Israel once again finds itself at odds with its Palestinian neighbors, forcing the hand of the United States to show where it stands on one of the most polarizing issues in modern history.

Will the Feds Bust Santa Claus?

by George Getz (former Director of Communications for the Libertarian Party)
 
When Santa Claus comes to town this week, he'd better watch out -- because the federal government may be making a list of his crimes (and checking it twice), the Libertarian Party warned today.
 
"Hark the federal agents sing, Santa is guilty of nearly everything," said Libertarian Party press secretary George Getz. "The feds know when Santa's been bad or good -- and he's been bad, for goodness sakes."
 

California Case Represents Ills of Direct Democracy

There has been a recent push in third-party circles for a move to "direct democracy" in the United States.  Direct democracy, where the citizens govern by majority vote, is often favored by those who wish to circumvent elected officials who those individuals feel cannot properly represent the interests of every U.S. citizen.  In terms of direct representation, direct democracy truly does meet these goals.  After all, every citizen has a voice—technically.

Government's Role in the Economy

When we say that we want to keep government out of the economy, people often ask, "Isn't that economic anarchy?"

At first our "Wall of Separation" commitment (that is, a commitment to keeping a wall of separation between economy and State) may seem a little bit like anarchy; however, we do believe government has a function in the economy. It's just that its role is very limited, and it is centered around the protection of property rights from fraud and abuse.

From our platform:

Calamity and Consequence

It doesn't take much to go from "bad" to "really bad" when government gets involved.  This is especially true when those in power have the philosophy that, "If it's broken, government can fix it."

Unfortunately, far too often government tries to force itself into problem situations with good intentions that have disastrous consequences.  Because many times these consequences aren't immediate, government officials and the voters who elect them to office don't learn from these mistakes.

Kansas City Star Needs to be Committed

On Dec. 10, the Libertarian Party put out a press release calling the logic behind the auto bailout, "insane." In it, we stated that "it's insane that we keep going back to the taxpayers to bail-out struggling corporations who, for lack of good management and sound business practices, have become unprofitable."

We also said that "the Libertarian Party favors letting these companies file Chapter 11, instead of risking taxpayer dollars for promises of reform."

Free Market Heroes, Vol. 4: Dr. John Berthoud

There are many different types of anti-tax warriors.  Some use crafty CPAs to get more deductions using the government's complex rules against it.  Then, there are tax warriors like Dr. John Berthoud, who use reason, intelligence and a broad coalition of anti-tax organizations to reduce taxes and cut government spending.  And while the limited government movement lost Dr.

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