IVAW is Armed and Dangerous in New Hampshire!

Not only is there an IVAW member here (James Schmill) enjoying the lack of laws prohibiting open-carry in the state of New Hampshire at the Liberty Forum, we also scored some free press for IVAW at the Wilson Hill Pistol Club! (more photos on facebook here)
If they think all of us are pacifists, they might find out the hard way that's not the case! There's been a lot going on here in New Hampshire. Our first day here, we got up early to rally in support of HCR6 at the New Hampshire State House.

I gave my speech today as part of the forum and received a standing ovation. It blew me away. To be able to contribute something of value to such a savvy and educated crowd felt like quite an achievement. I'll post video if I see some.

There is so much going on here I'd love to post about, but it's well past my bed time and it all starts again tomorrow morning, bright and early. It's great to feel surrounded by people here that really feel like, "my people."

Speaking of which, the following article was written by a fellow member of my local Ron Paul Meetup in Santa Fe just for our listserve, but it was so well-written, I have to share it with you here. Frank Martin only insisted that I include his email address so you can send feedback to him directly: frank@fundimensions.com

The Lifeline of Capital, and Its Greatest Enemy

Capital is what makes it possible to produce, to employ labor and to extend credit. Capital consists of the accumulated surplus of production, in the form of machinery, buildings, transportation, communication, and so forth, together with factors of nature, such as land and labor. Capital is created primarily from unconsumed production, but also from homesteading natural factors of production.

Wages and materials must be paid out of capital, since it is usually impossible to sell production soon enough to meet payrolls. Capital is used in the production process, in the form of methods and equipment that amplify and extend labor. Finally, capital is converted to money which can be lent, either for purposes of consumption, or (more commonly in a free market) for the conversion to other forms of capital, to be used for expanding or creating new means of production.

Capital is the only thing between us and a life of subsistence farming, or hunting and gathering. Economically, these ways of life would mean rapid death for most of the people on this planet, and an end to civilization and all that it provides in art, literature, and thought. Ontologically, it would be a contraction of human possibility in a scale unmatched even by the Dark Ages.

Government is the enemy of capital. Government seeks to appropriate capital without a prior corresponding act of production, which free markets generally require, so the existence of government acts to decumulate capital. Even when government, ex post, produces something with the capital it has appropriated, it has produced something which the free market either would not produce at all (the production of "bads", such as war), or it has engaged in production to a degree more or less than the free market would have chosen. This is also the production of "bads", since the result is either a surplus, so that actors of production are wasted, or a deficiency is enforced by monopoly, and so demand is unmet.

The economic stimulus programs being conducted by government now are further assaults on capital. Government itself is stimulated substantially: one of the few prosperous ares of the country right is the Washington, DC area, and here in New Mexico, government wages have and are rising substantially. But to the extent that these programs stimulate spending as they are designed to do,the result is consumption (decumulation) of capital. While the consumption may be matched by new production, this production itself involves consumption- of materials, labor, of the useful life of plants and equipment. Without the prior corresponding act of production, the net result is still one act of consumption more than that of production. That act of prior production is missing when the government simply puts money in people's hands to spend.

The progressively greater regulation of free markets by government further diminishes capital, by adding to the costs of production, while contributing little or no additional value to the consumer. If the value of these things was economic, it would not be necessary to regulate them into existence.

Government deficits represent pure consumption and loss of capital. Government says "I will spend this money, claiming goods and services in return for it, without any prior act of production by myself or by the victims of my taxation." The loss of capital in the economy is exactly reduced by the amount of the deficit. The money is then used to produce "bads", which require further depletion of capital ("goods") to ameliorate.

It is this assault on capital, together with the production of bads, that make government the greatest enemy of peace, prosperity and civilization. The solution is widespread acknowledgement of the parasitic character inherent to government (even, and especially, of democracies), and the replacement of government with free markets in the production of security, justice, infrastructure and other so-called "government services." Failing this, we advance to economic collapse and the destruction of civilization.

The author acknowledges the contribution to this text of Economic Recovery Requires Capital Accumulation, Not Government 'Stimulus Packages' by George Reisman and Democracy: The God That Failed by Hans Herman Hoppe.

Regards,
Frank Martin
Author, FUNDimensions Fundraising Software
Apple Certified Help Desk Specialist

And finally, the following video was made with the audio of a speech delivered by Ron Paul on the floor of the US Congress recently. It seems the most strident non-interventionist in the Congress is a Republican!