Welcome to the Liberty thru Knowledge Blog. How would Hayek, Jefferson, Friedman, Washington, Von Misis, Adam Smith and others react to our current political climate?


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Adam Smith, author: “The Theory of Moral Sentiments” and “The Wealth of Nations”

Appointing department heads with rule making power ignoring constitutional law regarding when the Senate is or is not in session. What’s next?

Maybe abrogating the rule of bankruptcy law for Chrysler bondholders?

Maybe taking over the student loan program?

Maybe dictating what kind of cars Detroit has to build?

Maybe hiring a self-described 911 Truther and self-described member of the Communist Party as a rule making czar for “green jobs”?

Maybe forcing a thousand-plus page bill through congress without letting Representatives read the bills, resulting in a board of approximately 15 people in charge of the country’s medical decisions instead of your doctor?

Maybe cutting out huge swaths of the military budget without mention of cutting other discretionary spending? 

Maybe a Dodd/Frank financial bill so ambiguous that another unelected board of self-described policy experts using their self-created scientific methods will control our financial system without a peep of input from the end users? And those end users would be industries like heavy manufacturing that now have to use the same leverage/reserve requirements to buy steel contracts that large brokerages do?

Maybe pressuring the President of S&P to resign because you don’t like the downgrade of your poorly managed fiscal policy?

Maybe creating an unheard of position called regulatory czar manned by one Cass Sunstein, a self-described mastermind who thinks he can coalesce millions of wage and price signals to micromanage every aspect of a multi-trillion dollar economy. (While he’s busy insisting that a horse should have counsel in a court of law.) Mr. Hayek, we’ll need you to join us here via my time machine to quickly help us with this one.

Maybe hiring a czar who identifies as her inspiration two people: Mother Teresa… good so far… and then Mao Tse-Tung: a genocidal maniac responsible for the murder of over 50 million people (at least).

Oh wait! Sorry Mr. Jefferson, Mr. Bastiat, and Mr. Madison, we’ve actually done this!

Please see my previous post below on a workable time machine so you and your compatriots can join us here again in 2012 and give us some sage advice. We’ll have the receiving transporter set up for your arrival through the wormhole at the next Gig Harbor Republican Women meeting. Mead, whiskey, venison, and hasty pudding will be provided.

The protestors outside will want to take your farthings and Golden Eagles to pay for their demonstration complaining about the need for more spotted owls. WA state 26th LD Representative Larry Seaquist, as per his comment at the recent Chamber of Commerce meeting at Tacoma Community College about proposing start up of a new CCC and WPA, will lobby to have the entire town of Forks, WA march out and light up the Olympics with sustainable fluorescent lights. (Including, for the poisonous mercury, a chemical capture facility installed in the Hoh Rain Forest Visitors’ Center.) This new government WPA should more than make up for all the lost logging jobs. 

Don’t worry, after your concern precipitated by viewing our master planned futuristic society, I’ll take you out to the Tide’s Tavern for a sarsaparilla or Scottish whiskey.

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Published in: on January 23, 2012 at 00:29  Leave a Comment  

Adam Smith, Frederic Bastiat, and Friedrich Hayek Join Us Through a Time Machine


A Machine called

Our Last Chance


Major scientific break though just announced. Advances in quantum physics have allowed visitors from the past. The first three, after exiting a time machine, spent a few weeks touring the U.S.  All, after revealing much disappointment, unanimously decided to run for Tacoma area political offices.

Friedrich Hayek – economist and social theorist, 1899-1992 – first out of the time machine (nicknamed by prankster inventor Our Last Chance) has announced a run for a 26th District Legislative seat, under his newly formed party, the Decentralists. He will be debating his opponent – allied with the new CentralPlannerist party – at Artondale Elementary School Saturday night.

A flyer Hayek’s volunteers are passing out at Ace Hardware, quotes Friedrich: “The problem of economic order is determined by the fact that the knowledge of what we must make use of exists as dispersed bits of incomplete and frequently contradictory information.”

Hayek told the Tacoma News Tribune science reporter, he implores us to learn from the past.  We should understand from his quote, that it is impossible for government legume quantifiers to efficiently glean vast amounts of conflicting economic data, in order to make rational decisions regarding picking winners and losers in the market place. He indicated shock, when he heard about the bail out of GM, vs. the proposed but tabled “cash for cluckers” chicken farm bailout. Mr. Hayek insisted to the reporter , that money injected into the economy through tax cuts is better directed by individuals reacting to natural market forces, than by the CentralPlannerist Party’s stimulus. His campaign sign maker, Milton F., also pointed out that unbridled entrepreneurship (until 2009) allowed inventions like the transistor, major medical breakthroughs, and the Internet.

Emerging from Our Last Chance behind Hayek, Frederic Bastiat – hailing from the French Liberal School of Economics, 1801-1850 – additionally expressing disappointment after his tour, has decided to run for the Tacoma City Council. Joining the Decentralist Party also, Frederic’s campaign is titled “Hands Off My Business”, reminding us of the futility of government attempts to kindle growth by selective stimulus in 19th century France.

Bastiat’s campaign literature paraphrases a whimsical story he wrote about a fictitious petition to the French government in 1845: “To the Honourable Members of the Chamber of Deputies.  I present a petition from the Manufacturers of Candles. What they pray for is that it may please you to pass a law ordering the shutting up of all windows and skylights, by or through which the light of the sun has been in use to enter houses.”

This tongue-in-cheek parable suggests that if the government bans windows, then British candle makers (very overcast there) wouldn’t have an unfair advantage due to the fact sunlight enters through the candle maker’s windows in sunny France and melts their wax!  Frederick will explain at the Tacoma Chamber of Commerce, that the moral of the story is that the unintended dire consequences of protectionism to Tacoma window makers and their suppliers, will outweigh any advantage to the economy by a betterment of local area candle makers’ circumstances.

The flyer also illustrates CentralPlannerist Party efforts to ban the entry of 95 trucks into the U.S. from Mexico, to save a few union-trucking jobs. This to the possible detriment of countless jobs in the U.S. to include local Washington State wine and apple exports due to retaliatory tariffs.

The last candidate to join us via the space-time continuum through Our Last Chance is Adam Smith – one of the fathers of modern economics, 1723-1790. Taking a two year leave of 18th Century Scotland, Dr. Smith will run for Tacoma’s 6th Congressional District seat. His guineas being refused by all the local banks, in the neighboring city of Gig Harbor, the Gig Harbor Decentralist Women’s Club will be throwing a fundraiser and auction for him at Jerisch Park on Monday.

The fundraiser’s theme will be one of Adam’s 18th century quotes: “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard [for their] their own interest”. A local caterer serving venison, sarsaparilla, and loaves, will provide lunch at competitive cost. An insider in Tacoma area food services, leaked the rumor that the caterer is not benevolent, but only concerned about maximizing her profit by insuring quality. (Also whispered is that picketing CentralPlannerists will be objecting to their lack of entitlement to great catering at their desired cost, and will be petitioning the Tacoma City Council to set maximum catering prices.)

The MC, George Washington, also with us (inadvertently sucked into the wormhole), unfortunately can’t stay long as he has an urgent meeting in Yorktown.  George will open the event with one of his quotes: “A people… who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything.”  Miles Standish, sucked into the wormhole along with George thanks to the properties of String Theories 11th dimension, will present a PowerPoint lecture (weather permitting) on how Plymouth Colony was saved from starvation by eliminating collective farms, instead allowing the pilgrims to work their own fields.

Fundraiser open to the public. The Gig Harbor Decentralist Women’s Club requests volunteers bring a hasty pudding for desert.

Your most humble and obedient servant, etc, etc

Chief Time Travel Correspondent, Poor Richards Almanac

Published in: on October 9, 2010 at 09:46  Comments (6)  
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