Thursday, May 14, 2009
Farewell, Libertarians
I’m sure it’s already obvious, but I’ll inform you anyway: I am graduating and passing the torch of the club. Really, I would like to say thank you.
You all have made the dream of freedom a reality because you have demanded that your voices be heard. I asked you to come with me on a journey that met resistance by default, yet you were brave. You held steadfast in your critique of a society that has grown increasingly dependent on its government. Your desire for freedom allowed all of us to have an avenue to express our distrust in things that are outside of individual control. You met the scores of naysayers with vigor, and laboriously helped this organization to grow; for this, I can never thank you enough.
I may never take another L or B bus in my life. I may never again be assaulted by the cookie lady at Tillet. I may never again drink 8 red bulls in one day. I may never again witness the fury of a 2 am fat sandwich. I may never again wait on line for an entire night for student tickets to a Louisville football game. I may never again have the honor to be at a place where everyone knows every word to every Bon Jovi song.
But I will always have what you gave me; you instilled in me the fire to understand the world in a new and meaningful way. Most importantly, you gave me the inspiration to counter the masses and make sense of four of the most important years of my life.
I’ll part with some advice from perhaps our last responsible President—a man that receives my (nearly) unparalleled respect:
"This spirit, however, without knowledge, would be little better than a brutal rage. Let us tenderly and kindly cherish, therefore, the means of knowledge. Let us dare to read, think, speak, and write. Let every order and degree among the people rouse their attention and animate their resolution." -John Adams
For those of you who will still be on the banks of the Raritan next year, carry this with you. Always question what is before you. When your freedom is infringed upon, be sure to sound the horn of alarm; let your fellow Rutgers students in on the (not-so) secret that is freedom. Life is too short to accept anything less.
In Liberty,
Josh Hagewood
President, Rutgers Libertarians
Tuesday, March 24, 2009
A Plea for Peace
Tuesday, March 17, 2009
Price Tag on Attention
Spring 2009
Does the attention span of Americans have a price tag? It may sound too subjective to answer, but I would approximate it at $165 million. If this number sounds familiar, that's because it is how much AIG executives will be receiving in bonuses. This seemingly large amount of money is currently causing outrage in Washington, DC. Democrats and Republicans seem to agree when the issue is raised; action must be taken. Action, however, would require ignoring the legal powers that contracts hold in our society. If our government decides to do this, it will be up to the people to cry out about the dangers associated with such a powerful government.
The situation is more complex than the unmoral gift of $165 million. Afterall, how could intervention by the state be wrong if its only meant to serve the people? The answer is that it can be much more dangerous than it appears. These bonuses were given as part of contracts, which are legally binding by definition. If the government steps in to breach these contracts, it will disregard one of the most fundamental notions of our free, capitalistic society. If contracts are stripped of their ability to bind agreements in certainty, the health of the private sector will be placed in jeopardy.
The impact of foresight like this is lessened every day as people are continually fed the idea that capitalism has failed us. The AIG bonus gifts have been chalked up to the greed of capitalists. However, any amount of investigation leads to more educated explanations. It was, in fact, the government that is responsible for the survival of the AIG bonuses. Specifically, it was Chris Dodd (D-Conn.) who added an executive-compensation restriction to the bill. The amendment disallowed taxation on the bonuses by making an "exception for contractually obligated bonuses agreed on before Feb. 11, 2009." Why in the world would Mr. Dodd include such a thing? Might it have anything to do with the $103,100 he received from AIG during the election cycle? No, no... of course not.
Worst of all is that the outrage being created about this legal $165 million is a drop in the bucket when compared to the waste in the stimulus bill. After all, Chuck Schumer (D-NY) says that "the American people really don't care" about pork. Interesting then that this $165 million is grabbing the attention of all the media outlets. By focusing on this legal $165 million, people are surrendering their attention as to forget about the actual corruption involved in the stimulus bill. The friendliness of our Democrats and Republicans up on the Hill is nice to see, but it would be a lot sweeter if there wasn't so much as stake.
So how much does it cost to destract the public? In this case it seems to be $165 million. As we worry about this legal blunder, we seem to be ignoring something Glenn Beck brings to light. Of the billions of dollars alloted to AIG, the amount of money AIG gave to banks overseas is larger than the amount given to American banks. This means that in the case of AIG, our stimulus money benefited other countries more than it did the US. While everyone else is wondering about the $165 million, it might serve you best to wonder about the $1 trillion that is being spent in other places.
Rob Michael is a sophomore at Rutgers University.
Tuesday, February 24, 2009
Nearing the end to Jersey’s War on Drugs?
In a highly controversial topic, the New Jersey State Senate recently passed a bill
that will allow the use of medical marijuana for patients with “debilitating medical conditions”. This has caused debate
among Senators and is receiving mixed reactions from New Jersey residents. To become New Jersey law, the bill still needs to pass in both houses and be signed into law by Governor Corzine. Even then, there will be restrictions on who can use it and who can’t.
Although this is only a small step towards is the end of the drug war, it is a sign that politicians are waking up to the reality this is costing us. According to Students for Sensible Drug Policy
, more than $50 billion is spent EVERY YEAR waging the failed War on Drugs, and %55 of inmates are incarcerated for drug related offenses.
This governmental restriction of personal freedom violates the fact that a person is in control of their own body, and, regardless whether it is for medical use or not, it demonizes a drug that is more harmful than alcohol or cigarettes. Everyone’s hero Barry has admitted to “inhaling”
, along with other prominent politicians and Supreme Court justices. I’m sure that if they were arrested they wouldn’t be where they are today.
I personally have never tried marijuana, nor do intend to in the future. However, those who choose to smoke in private should not be restricted from doing so, as long as they do not harm other people in the process and violate their liberties. A person owns their own body, and no one else should be given authority over what that person can do with their body, especially not the government.
Friday, February 20, 2009
A is A: What is Taxation?
Spring 2009
Anyone who is familiar with the writings of Ayn Rand has most certainly heard the phrase "A is A." This idea is known in logic as the law of identity. The idea simply means that any act or object is itself. It seems like a silly point to make, as it appears to be an obvious redundancy. But the meaning that we can extrapolate from it is actually quite profound.
Let's take the idea of taxation. Most people dislike the idea of paying taxes but view it as a necessary evil. They see it as the price we pay for societal organization. But let's take a closer look at what taxation really is. In taxation, the government essentially reaches its hand into the individual pocket and demands money. The government then takes the money and distributes it as it sees fit, whether in the form of welfare programs or administrative expense. Often, corrupt politicians will skim off the top and keep the money for themselves. Most of the time, however, taxation is touted as a kind of forced charity which makes people do their fair share to help less fortunate people. Now, if an individual were to walk up to you on the street, point a gun at you, take your wallet, and give your money to charity, he would be arrested and punished as a thief. But if the government does the exact same thing (and it does; see what happens if you refuse to pay your taxes), it is celebrated as serving the people.
Now let's return to the idea of the law of identity. Since anything is inherently itself, it seems to follow that an act of theft is an act of theft, regardless of what you call it. Since one would normally consider an act where one agent forcibly takes property from another agent against the latter's will an act of theft, it seems that the government does this all the time. Call it our civic duty, say that the ends justify the means, but A is still A, theft is still theft. It follows that taxation is little more than theft with written words justifying and codifying it.
Ryan Felder is a member of the Rutgers Libertarians. He is a School of Arts and Sciences Freshman majoring in Psychology.
Thursday, February 19, 2009
Steep Bills on Capitol Hill
2.19.2009 at 4:45 PM
If you thought you might catch a break from on the financial talk in Washington, you are sadly mistaken. GM and Chrysler are back on Capitol Hill asking for more money. The auto giants that are commonly considered "too big to fail" were instructed to return by the Bush administration to present their plans for survival in the auto market. Although we might have hoped otherwise, the plans are accompanied by requests for some pretty big checks. Is your patience running thin yet? Maybe it should be.
The debate here is not a simple one, but the answer is rather clear. These "bankrupt" auto companies need to be allowed to actually go bankrupt. It seems that despite our country being founded on ideas of freedom, like democracy and capitalism, we have allowed our democratically elected officials to ignore the role of markets. Socialism is at the door and our doormen are not even questioning its presence.
By dragging the companies through the recession we are doing the closest thing to throwing our money away. They have proven their capability to fail, but the response is to keep them around in hard times because we think that now they have a better chance to succeed. The government has either forgotten how the market works, or is using this opportunity to grab more power. My pessimistic side seems to favor the latter.
It is true that the auto industry is having a difficult time for reasons outside of management. Gone unseen to the majority of the public is the pressure created by unions. By refusing to allow GM to lower its overhead cost, the unions are much of the reason American cars cost so much more to produce. Due to the all of the benefits secured by the United Auto Workers, GM reports its worker costs at $69 per hour. This is a result of health care, pensions, and wages. In contrast, Toyota employees receive the equivalent of $53 per hour. Even before the recession hit, American companies seem to be at a bit of a disadvantage.
Regardless of what problems may be aiding in failure, the call for more billions is still unacceptable. GM is asking for another $13.4 billion and Chrysler for $4 billion. Reasons are rooted in the too big to fail mentality, but a lot of the numbers on the scene are sneaky (as usual). GM estimates that job loss could be between 1.5 million and 3 million workers. The low end of this spectrum is actually only if one company's failure results in the other companies' failures along with the loss of dealerships and other outlets. For some reason, this is given as the low end. On the higher side, the prediction is rooted in the notion that GM failing will cause all auto work in America to disappear. This means that foreign companies with factories in the U.S. are also goners. I think its a little ridiculous to believe that Americans will simply choose to live out their lives without automobiles from now on, but if I was fighting for my life I might make some outrageous claims too.
The truth is that the government is letting the people down here in a big way. When conservatives lack fiscal conservatism and liberals are given leeway to spend even more liberally, it is the people who get the short end of the stick. It might be a good idea to stop and think about where this money comes from. The government does not have an independent revenue system. Any money it spends will somehow fall on us, the people. Letting all of this slip by only means future generations will foot the bill.
Rob Michael is a member of the Rutgers Libertarians. He is an SAS sophomore majoring in Psychology.
Is the Minimum Wage Really Beneficial to Workers?
Spring 2009
At first glance, a proposal to abolish the minimum wage would appear to be an attempt to allow wealthy businesses to take advantage of the poor working class. Upon examining the issue more deeply, however, it becomes apparent that there is sound economic theory supporting the notion that just about everyone, including the lower class, would benefit from the elimination of the minimum wage.
The first thing we must consider is that labor is a commodity, just like any good or service, whose price is determined by its supply and demand. This means that the actual price of labor is the wage at which the amount of qualified people willing to do the job at that wage is equal to the amount of people employers want to hire at that price. For the vast majority of jobs, this so called “equilibrium” price of labor is well above the current national minimum wage of $7.15 per hour. However, let’s examine a situation where the equilibrium price of labor for a certain job, set by nothing other than natural market forces, is say $5 per hour. We already know that by law, workers must earn no less than $7.15 per hour, so let’s say that the employer in this situation pays that wage for this job. The wage being offered for the job in question is now greater than the equilibrium wage set by the supply and demand for the job; what will happen? The answer is that there will be a surplus of labor. That is, the amount of qualified people who are willing to work the job will vastly exceed the amount of people that the employer can hire. This, of course, is known as unemployment, and it means that more people who want to work are jobless and have no legitimate source of income. The vast majority of economists believe that minimum wage laws cost the U.S. economy hundreds of thousands of jobs per year.
You may be asking yourself, how would elimination of the minimum wage benefit “just about everyone,” as stated earlier? With business not paying wages above market price, they will run more cheaply and more efficiently. This means lower prices and greater production, which gives you, the consumer, more purchasing power.
One major concern people have about elimination of the minimum wage is that hard working citizens who labor for long hours will still be unable to support themselves. This could occur in some instances, but typically, jobs whose equilibrium wage is below the minimum wage are held by teenagers who are not intending to support themselves, but rather looking for some extra cash while their parents support them. Thus, a person who is working hard but unable to support him/herself would be the exception rather than the rule, and in these exceptions some aid should be provided (the government would still have to give out less aid overall, due to the greater overall efficiency of the economy).
If you are still not convinced, try looking at the minimum wage from a different angle; not as a restriction on employers, but as a restriction on workers. It is essentially the government telling people, “If you’re offered a job that only exists at a wage below the minimum we set, you may not accept that job.” This kind of government encroachment into people’s personal choices needs to stop at once.
Though minimum wage laws are well meaning, they are a major contributor to the single greatest problem that exists in the world of economics, unemployment. Unemployment not only leaves people without any source of income, it also causes the entire economy to be inefficient, driving up prices of many goods and services, making life more difficult for everyone. Elimination of minimum wage laws would reduce the economic burden that is unemployment and make society as a whole better off.
Matt Simcha is a member of the Rutgers Libertarians. He is a School of Arts and Sciences Sophomore majoring in Economics and Statistics.
Unions: The Downfall of Good Hard Work
The Bush torture tradition carried on by Obama
In a not-so-surprising turn of events, evidence last week shows that the Obama administration may continue the failed Bush policies of illegal detention and torture.
As per this Times article
, the Obama administration is using the same “national security” excuse employed by the Bush administration to illegally detain prisoners who they deem a threat. Binyam Mohamed, an Ethiopian native, sued Boeing for assisting in the Bush administration in its “extraordinary rendition” program, where Mohamed and four other men were expedited and tortured abroad. The case was dismissed by the Bush administration on the notion that it threatened national security and international relations.
Instead of carrying out the “change” that he has been preaching, the Obama administration is following in the notorious footsteps of the Bush administration. In regards to Mohamed’s case, the same “state secret” excuse is being used by government lawyer Douglas N. Letter to keep Guantanamo open.
To further the damage, Solicitor General Nominee Elena Kagan said
to a key Republican senator that she believes the government has the legal authority to detain suspected terrorists indefinitely and without trial. It is clear that the Obama administration is trying to appease a wide spectrum of people and to forge political allies instead of keep the promise of “change”.
Meanwhile, Senate Judiciary Chairman Patrick Leahy has called for an independent investigation
into the Bush crimes, regardless of support from the Obama administration. Knowing that the Obama administration will carry on these crimes leaves for an unpromising overall outcome. In a meeting with the White House, Leahy said:
I would hate to see us take the attitude that that was then and this is now, let’s not worry about any of the mistakes or the abuse of the law and give it a pass … because it is my experience that you continue to make mistakes until somebody calls you on it.
The Obama administration knows that the legacy they are carrying on is illegal. They are becoming increasingly accountable of campaign lies and the same failed policies of the Bush administration. It’s only time until the masses who fell for their savior’s pretty talk will realize that he is just another false hope.