[lrcammarosano]

sorry I am late to respond-Thomas Delorenzo has written two good books on lincoln
Lincoln Unmasked and The Real Lincoln

[lrcammarosano]

SM Nationalist/Federalists have no patience for nullification, interposition or secession.
The southern states could not nullify the Missouri Act, the Kansas Nebraska act, a hostile Republican Party, John Brown or an attack on Fort Sumter.
Seems that Limcoln could have avoided the war of secession but unlike buchannan he had no tolerance for break away states

[lrcammarosano]

In a truly libertarian society the roads would be privately owned and the clearance of the roads would be the responsibility of the road’s owner.

Murray Rothbard addresses private roads in his Libertarian Manifesto
http://mises.org/document/1010/For-a-New-Liberty-The-Libertarian-Manifesto
http://mises.org/rothbard/newlibertywhole.asp

Here is an audio link to the section on roads:
http://mises.org/media/1773/11-The-Public-Sector-II-Streets-and-Roads

[lrcammarosano]

If we had more nullification there would be no need to even consider secession except where nullification was contested.
It makes no sense the the federal government is the final arbiter of the extent of the powers granted to it by the states.

[lrcammarosano]

Ran across this lecture on Grover Cleveland by Leonard Reed http://www.youtube.com/watch?v=VkPeGRmnkjs

[lrcammarosano]

Zero hedge.com is a good source of economic information

[lrcammarosano]

Reason.com isnt bad even though they were uncharitable to Tom woods a few years back
You’ll find as “libertarian” organizations move closer to the mainstream the worse they get
Like the Cato institute
They can still make some valid points

[lrcammarosano]

Try

fee.org and their blog thefreemanonline.com

[lrcammarosano]

Some useful background and analysis on predatory pricing

Robert Bork’s The antitrust paradox
http://books.google.com/books?id=N7NXTbF8_MkC&q=the+antitrust+paradox+bork+predatory+pricing&dq=the+antitrust+paradox+bork+predatory+pricing&source=bl&ots=d0lHzGNi0F&sig=6Hp9Espks5wFMnJdvbLpDb6OxNI&hl=en&sa=X&ei=x_t5UMKcB-iWiQK–oGABw&ved=0CDMQ6AEwAQ

Article from the freeman-lew rockwell and bork are cited
http://www.thefreemanonline.org/columns/predatory-pricing-laws-hazardous-to-consumers-health/

[lrcammarosano]

I think its obama’s anti wall street rhetoric. He’ll take their money and go along a bit but his ideology is antithetical to big business and wall street

[lrcammarosano]

When Rooselvelt confiscated gold it was done because at the time gold was money-it was in some of the coins of the US. Also at the time the us owned the vast percentage of the gold in the world
It would seem impractible in today’s global market to confiscate gold of us citizens and would be of no real impact as there are tons of gold outside the us.

[lrcammarosano]

You are correct the current environment is bullish for gold. BUT, gold and silver are underowned assets.

The policy is aimed at main street and wall street-neither of which own gold. Wall street will pour into equities to get higher returns as a result of the low interest policy and main street will borrow money at low interest rates to buy houses and other goods and they will buy stuff before it rises in price.

Silver and gold are smart hedges but most people have little or no economic smarts.

[lrcammarosano]

Thanks Jeff and CSA
I read Rothbard where he rails against fractional reserve banking, but I suppose as you point out he is against the government sanctioning that type of banking.
I think that market pressures might not pressure banks to keep 100pct reserves, but rather pressure banks to offer more interest and greater disclosure about their balance sheets.
The elimination of the fractional reserve banking is a misnomer, It should be the elimination of legal protection for such a racket.

[lrcammarosano]

Correct, the free market would drive fractional reserve banks to a minor type of bank-but one that might appeal to some if such banks could manage this type of bank and provide higher rates due to the additional risk

[lrcammarosano]

Yes, price is not always the determining factor-think Starbucks-they overcharge for coffee. How does a coffee chain compete with Starbucks?-lowering prices might work but so far Starbuck is still the largest coffee chain.

If Starbucks decided to “abuse” its dominant market position and cut its prices in half, who would/should complain?

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