FCLPO Executive Committee Meeting

While this is the regular monthly business meeting for the Franklin County Libertarian Party, visitors are always welcome.
LPO Office
6230 Busch Blvd, Suite 102
Columbus

For Ourselves And Our Posterity

My wife and I recently celebrated the birth of our first child. A few weeks before he was born we were watching a particularly depressing evening news broadcast. We sat through half a dozen stories that evoked feelings of anger, sadness, and despair before looking at each other and asking, “What are we doing bringing a kid into this crazy world?” The question was somewhat tongue-in-cheek, but I imagine every parent asks themselves that at some point and it’s really not surprising why. Let’s take stock of where we’re at…

We’ve just come out of a multi-year pandemic that resulted in millions of lives lost. The attempt to control the severity of the pandemic has had a myriad of negative consequences. In an effort to save the crashing economy, the federal government initiated trillions of dollars of additional spending[1] with assistance from the federal reserve, which printed the money out of thin air. This increase in the money supply[2] devalued the dollar, and coupled with labor shortages, caused price increases that haven’t been seen in decades. Drug overdose deaths are higher[3], violent crime is on the rise[4], and home ownership is now even more of a pipedream for millennials and Generation Z[5].

When the pandemic started, children were sent home from school as districts scrambled to facilitate remote learning. When they were allowed to attend in-person, they were often required to wear face coverings. There is evidence that this response to COVID has saddled our children with a number of issues. We now have stunted personality development of young adults[6] and a mental health crisis for children[7]. ACT scores have dropped to their lowest in 30 years[8]. Two decades of progress in math and reading have vanished[9]. Our kids are now more obese than ever, with evidence that the average BMI for children have doubled[10].

In times like this, we should be able to turn to our leaders for guidance on where to go from here. Let’s check in on them to see where their priorities are: We have governors who are trying to harm the reputation of those in the opposing party by punting immigrants between states like a political football[11]. They’re sending billions of dollars (that we don’t have) to Ukraine[12] for a war that doesn’t involve us, increasing the risk of nuclear war with Russia. They’re beefing up IRS enforcement[13] to try and shake more pennies out of our piggy banks. And they’re arguing over whether Elon Musk should be allowed to buy Twitter[14].

So we face some large and unwieldy problems, and we have a political class that is either unwilling or unable to tackle them. I’ve always cared about liberty and freedom, but now I find myself asking what sort of country we’re going to be leaving for my son. Should we load him up with a public debt and a tax bill that he has no ability to consent to paying? Should we continue to devalue our currency and inflate the costs of college and home ownership? Am I supposed to be okay with him being obese, stupid, and depressed the next time a public health crisis emerges?

Since we cannot rely on our existing leaders to solve our problems, and since these leaders seem determined to curb our liberties at every step, we must roll up our sleeves and provide solutions ourselves. As Libertarians, we must be the voice calling for sound money, reduced government spending and taxation, and an end to involvement in foreign wars. It is imperative that we never allow the education or the social and emotional development of our children to suffer at the hands of bureaucrats and noisy fear-mongers. The fallout of the response to COVID should be the perfect case-study demonstrating how negative consequences are forced upon people when the government implements top-down edicts.

Fortunately, there is hope to be found in this sea of tears. Public trust in government remains very low[15]. The CDC has admitted that it got some things wrong[16]. More and more people are taking their children out of government schools and enrolling in private school[17] or opting to homeschool[18]. Homeschooled students tend to outperform their public school counterparts.[19] [20] And Americans are more willing to voluntarily help others with their time and money than they were before COVID[21].

The evidence is clear: top-down solutions have a tendency to create more harm than good. Solutions that are local and voluntary can minimize widespread risk and allow for faster error correction. Future generations are depending on us to set things right and we need to be ready to answer that call.

Jordan BertkeFCLPO Executive Committee At-Large Member


[1] https://www.usaspending.gov/disaster/covid-19?publicLaw=all

[2] https://fred.stlouisfed.org/graph/?g=V2aQ

[3] https://www.cdc.gov/media/releases/2020/p1218-overdose-deaths-covid-19.html

[4] https://www.safehome.org/resources/crime-statistics-by-state/

[5] https://www.statista.com/topics/4403/millennials-and-real-estate-in-the-us/

[6] https://www.sciencenews.org/article/pandemic-young-adults-personality-development

[7] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8445752/

[8] https://leadershipblog.act.org/2022/10/GradClassRelease2022.html

[9] https://www.nytimes.com/2022/09/01/us/national-test-scores-math-reading-pandemic.html

[10] https://www.cdc.gov/mmwr/volumes/70/wr/mm7037a3.htm?s_cid=mm7037a3_w

[11] https://nypost.com/2022/09/15/ron-desantis-ships-2-planes-of-migrants-to-marthas-vineyard/

[12] https://nypost.com/2022/10/04/biden-sending-ukraine-625m-in-weapons-from-shrinking-us-stockpile/

[13] https://taxfoundation.org/inflation-reduction-act-irs-funding/

[14] https://ww w.foxnews.com/politics/congress-senate-house-musk-twitter

[15] https://www.pewresearch.org/politics/2022/06/06/public-trust-in-government-1958-2022/

[16] https://www.timesfreepress.com/news/2022/aug/24/opinion-cdc-finally-admits-it-botched-covid/

[17] https://www.cnbc.com/2021/05/07/during-covid-more-families-switch-to-private-school-from-public-.html

[18] https://www.census.gov/library/stories/2021/03/homeschooling-on-the-rise-during-covid-19-pandemic.html

[19] https://www.researchgate.net/publication/232544669_The_Impact_of_Schooling_on_Academic_Achievement_Evidence_From_Homeschooled_and_Traditionally_Schooled_Students

[20] https://www.nheri.org/homeschool-sat-scores-for-2014-higher-than-national-average/

[21] https://www.nature.com/articles/s41598-022-08748-2

If We Ride the Cantillon Wave, We Should Remember That We’ll Crash with It Too

My daughter sometimes surfs the bore wave that heralds the incoming tide at Turnagain Arm, Alaska. The wave, or waves, to be exact, can reach a height of ten feet, but are usually smaller. Regardless of the size, the waves draw surfers from all over, each looking for the rush of riding a crest, and hoping not to crash in the foam.

While I have yet to surf those freezing waters, which are bounded by menacing quicksand-like mudflats, I recently rode a wave that lasted almost two years. To tell the truth, I enjoyed the ride. Sure, I knew my wave was the least of the series, with a subsequent one roaring in the distance. And I knew I had no chance of reaching the safety of a sandy shore before I was left crushed, broken, and shirtless by the tidal wave to come.

However, I also recognized that even if I skipped the thrills of the first wave, I would have ended up the same. There was neither a harbor nor breakwater to calm the seas on the ominous horizon. So I enjoyed the ride. What else could I do?

Irish banker Richard Cantillon is known for the observation that the first recipients of new money benefit at the expense of later ones. This is due to the first recipients being able to use the new money to purchase goods, assets, services, etc., while prices remain relatively low—these are the winners. By the time that money circulates into subsequent hands, prices have risen, offsetting any benefit. And, finally, when that money passes into later hands, prices have exceeded the nominal value of inflated wallets—these folks are the losers.

So when inflation—the increase in the money supply—occurs, you want to be riding the crest of the wave, letting others crash as it breaks over them.

Now the covid wave was huge—huge. And it kept on going. In all instances, I was a first recipient, as Uncle Sam stuffed my bank account on a regular basis—thousands and thousands of dollars, all totaled. With that money, I purchased stuff, took trips, etc. I really enjoyed being a first recipient. But then the wave of money stopped. 

That was in December, right around the time alarms were sounding the approaching doom.

I only rode the small wave that was bread and circuses for the masses. It was the payoff—the sleight of hand—which veiled the looming wave that dwarfed the first. The dollars churning in the groundswell and frothing off the white caps of that beckoning breaker, though somewhat delayed, were first received by the friends and family, so to speak, of government. And it’s the money rushing out of the friends and family wave that has me crashing daily at the pump and grocery store.

You can choose to ride a bore tide, risking the murky waters and mudflats. Or you can pick a vista along the road or mountainside to watch others surf the sea. It’s your choice. However, when the wave is an inflationary one, there is no means to opt out of crest and crash. Your only hope is to be connected to influence and power so that the bulk of the money passes through your hands first. Otherwise, the best you can do is enjoy some fun before it all comes crashing down on you.

So, on one hand, you reap at the expense of others, leaving suffering in your wake, while on the other hand, you can, at best, taste a few drops of the Cantillon waters before drowning in its depths. Neither are ways to live a good life. Neither are ways to secure a future.

The Cantillon effect is not just theoretical, it’s real. For almost two years, I rode a small Cantillon wave. And now, a colossal one is crashing all around me. When I was riding the ridge, I knew what was coming. Yet, just like King Canute, I had no power to influence the tide. I could only ride my wave until the tidal wave overtook me. And now I am paying, and paying, for the wave that has eroded the sand under my feet, fortifying the balance sheets of those better connected.
Author:

Jim Fedako, a business analyst and homeschooling father of seven, lives in the wilds of suburban Columbus. 

Reprinted with permission: https://mises.org/wire/if-we-ride-cantillon-wave-we-should-remember-well-crash-it-too

FCLP Monthly Social

Learn about ballot access, running for local office, state and local issues, and developing a county party to support local candidates and issues.

Dominoes

Every now and then I go on social media to remind myself why we deserve extinction. My most recent example is something that’s been going asking if people have noticed that every couple that appears in television commercials is interracial. And the typical response is that it’s the work of woke corporations trying to push diversity on the general public. 

And there’s the outcry every time a black actor is cast in a Star Wars project.

Bob Jones University, a Baptist college, used to have rules against interracial dating until they were dropped following a media outcry after George Bush spoke there during the 2000 Presidential Campaign. They now allow interracial dating, provided both parties bring notes from their parents saying they give permission for their adult children to date someone of another race. Without said note, the university will respect the wishes of the parents (nudge, nudge, wink, wink).

Now what does this have to do with Roe vs Wade? 

When Roe v Wade was struck down on June 24th some people hailed it as a victory; some people decried it as a step backwards for women; others said the issue was merely sent back to the States where it should have been all along. Some states will keep it legal; some states already have trigger laws to criminalize abortion the moment Roe v Wade is overturned.

But does anyone think it will end there. 

Justice Clarence Thomas, in his written opinion, cited several other decisions he would like to see reversed using the same justification used to reverse Roe, these include the the decisions legalizing same-sex marriage, same-sex activity, and contraception. The Texas State Republican Party just condemned all three as part of their State Party Platform. They’re already talking about bringing those issues back before the Supreme Court. 

But there’s a decision Justice Thomas didn’t mention, the decision that legalized interracial marriage. 

And that brings me back to the beginning. 

I’ve seen too many people decrying interracial couples on social media not to think they wouldn’t jump at the chance to have that decision reversed too. I’ve seen too many people jump on the bandwagon of religious extremism to justify their own hates and fears.

We, as a people, need to step up and protect our freedoms from being eaten away by those who always believe they’re doing the right thing. 

Otherwise Roe will be only the first domino to fall.

Ken HolppFCLPO Communications Director 

Regional Development Meeting – Pickaway

Wed, July 27 @ 6:30 pm – 8:30 pm

Learn about ballot access, running for local office, state and local issues, and developing a county party to support local candidates and issues.

Jackie Ray’s Grill 20 Cromley St 
Ashville, OH 43103 United States

Get directions and learn more: https://www.fclpo.org/event/regional-development-meeting-pickaway/

FCLP at the Stonewall Pride March and Festival

Thanks to everyone who volunteered and donated for our successful float and booth at the Stonewall Pride March and Festival!

Kudos to Drake and Cooper Lundstrom for their patience and charm, spell binding the crowd with balloon twisting artistry!

Your support makes events like this possible! Please donate, volunteer or get involved!

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FCLP Monthly Social

Learn about ballot access, running for local office, state and local issues, and developing a county party to support local candidates and issues.