The Appeal of Libertarianism

America's continuing political problems revolve around two competing factions pursuing two mutually exclusive approaches to building an economy: a) the big government Democrats, who guard entitlement spending while seeking to transfer the nation's wealth to entitlement beneficiaries, including government employees; and b) the military-industrial Republicans, who guard defense spending in order to transfer the nation's wealth into the hands of the military-industrial complex. The appeal of either party is to a populist majority at best (i.e., a simple majority), thus empowering a continued polarization of American politics around the two-party system.

The fact is that only the minimal government Libertarians stand for across the board cuts in government spending, lower total taxes for everyone, and a steadfast pursuit of liberty in the name of the people who own this country. Now is the time for everyone to reject the political ploys of big government Democrats and military-industrial Republicans, and to join the Libertarian Party, which is the only true party of principle. The appeal of libertarianism is universal with the potential to achieve a pluralist majority of support (i.e., a supermajority greater than two-thirds of the people), thus unifying our nation around libertarian ideals and principles. More at:

I plead with Americans to search their souls and beliefs, and to align those beliefs deliberately after a full consideration of the facts. For the record, I am a proud Libertarian, and I detest what the big government Democrats and military-industrial Republicans have done to our country and nation. Libertarianism gives me hope.

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US Military versus Economic Power in the New Millennium

While the power of the US military-industrial complex remains undisputed around the world, China seems to have usurped America’s position of leadership in global trade and economic policy-making. The irony is that China is viewed by many in the West as a “communist” and therefore economically deprived country. Yet, America is quickly losing stature economically and politically to China, even while US military forces remain deployed overseas in army-scale formations commanded by four-star generals with vast numbers of air, sea, and ground assets engaged in active military operations.

As a matter of history, the Chinese People's Liberation Army (PLA) has never deployed significant numbers of troops overseas since its founding as a guerrilla force in 1927. Conversely, the US has maintained signficiant numbers of troops overseas in places such as Korea, Germany, Italy, Okinawa, the Phillippines, and elsewhere on a more or less constant basis since World War II.

Given America's capitalist advantage coupled with the continued preponderance of US military power, how is it that China with its emerging economy is gaining in economic influence and prestige at the expense of the US? Prof Nouriel Roubini and Dr Ian Bremmer offer the following explanation for America’s changing fortunes in recent years:

From 1945 until 1990, the global balance of power was defined primarily by relative differences in military capability. It was not market-moving innovation or cultural dynamism that bolstered the Soviet bloc’s prominence within a bipolar international system. It was raw military power. Today, it is the centrality of China and other emerging powers to the future of the global economy, not the numbers of their citizens under arms or the weapons at their disposal, that make their choices crucial for the United States’ future.

Perhaps America could learn a lesson about economic policy from the Chinese experience. With the US now enduring a dramatic economic decline, perhaps our nation should begin a public debate regarding how scarce economic resources can best be allocated between “guns” and “butter” in the coming years...

Source: Bremmer, I and Roubini, N (2011, January 31), The G-Zero World: The New Economic Club Will Produce Conflict, Not Cooperation, Foreign Affairs.

Lifeline for Main Street USA

Main Street USA continues to endure the effects of economic austerity caused by a scarcity of money (as evidenced by declining real wages, declining real home values, and a declining employment to population ratio). However, both fiscal and monetary policy makers are finally taking notice as the Fed pursues QE3 in an effort to reverse Main Street's real estate catastrophe, and the GOP seeks to retrench as a result of their disconcerting election losses.

Allen Street in State College, PA

Although late, the battle to win back Main Street political support is now in full swing as both big government Democrats and military-industrial Republicans create new strategies to address the Main Street depression still raging across the US. I expect the US will go over the fiscal cliff with tacit support from both Democrats and Republicans. The fiscal cliff losers will be the military-industrial complex, medical establishment, and government workers, who will now be required to make sacrifices for the first time since the economic crisis began in 2008.

Wise investors will seek to get involved in real estate development in order to exploit new capital being introduced by the Fed via purchases of mortgage-backed securities. I expect originations of new mortgage-backed securities to accelerate over the coming year, and to continue for at least the next 2-3 years. Main Street USA is finally being thrown a lifeline...

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A Modest Suggestion for Pres Obama Regarding the Budget Impasse...

Pres Obama should put Congress on notice that if they do not pass a budget he can sign immediately, then he will redeploy half of all US servicemembers currently serving overseas back to the US and demobilize them under his authority as Commander in Chief -- such a move would reduce government spending dramatically -- the center of gravity for Republicans is defense spending and the military industrial complex -- a threat by Pres Obama to issue orders that would disrupt the staus quo on military spending would cause the Republicans to cave in to his demands for a balanced approach to reducing the deficit...

Main Street USA is the Future!

Main Street USA will eventually emerge from the ongoing economic crisis more "lean and mean" than ever. Workers along Main Street have lost vast wealth over the past four years. Conversely, the universe of government employees and pensioners, Social Security recipients, the military-industrial complex, the medical establishment, and unionized workers have experienced essentially none of the economic crisis to date. We along Main Street will likely "take no prisoners" from Federalists as we begin to emerge from the economic devastation around us.

Downtown State College, PA

I am suddenly bullish on Main Street USA!

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Reforming the Military-Industrial-Congressional Complex

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