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Ron Paul Blasts "After 100 Years Of Failure, It’s Time To End The Fed"
Posted: December 20, 2013 at 4:42 pm
Submitted by Ron Paul via The Free Foundation blog,
This week the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Feds creation established a banking cartel and a board of government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Feds growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning. But just like the Feds creation, its 100th anniversary may come and go with only a few passing mentions.
Like many other horrible and unconstitutional pieces of legislation, the bill which created the Fed, the Federal Reserve Act, was passed under great pressure on December 23, 1913, in the waning moments before Congress recessed for Christmas with many Members already absent from those final votes. This underhanded method of pressuring Congress with such a deadline to pass the Federal Reserve Act would provide a foreshadowing of the Feds insidious effects on the US economywith actions performed without transparency.
Ostensibly formed with the goal of preventing financial crises such as the Panic of 1907, the Fed has become increasingly powerful over the years. Rather than preventing financial crises, however, the Fed has constantly caused new ones. Barely a few years after its inception, the Feds inflationary monetary policy to help fund World War I led to the Depression of 1920. After the economy bounced back from that episode, a further injection of easy money and credit by the Fed led to the Roaring Twenties and to the Great Depression, the worst economic crisis in American history.
But even though the Fed continued to make the same mistakes over and over again, no one in Washington ever questioned the wisdom of having a central bank. Instead, after each episode the Fed was given more and more power over the economy. Even though the Fed had brought about the stagflation of the 1970s, Congress decided to formally task the Federal Reserve in 1978 with maintaining full employment and stable prices, combined with constantly adding horrendously harmful regulations. Talk about putting the inmates in charge of the asylum!
Now we are reaping the noxious effects of a century of loose monetary policy, as our economy remains mired in mediocrity and utterly dependent on a stream of easy money from the central bank. A century ago, politicians failed to understand that the financial panics of the 19th century were caused by collusion between government and the banking sector. The governments growing monopoly on money creation, high barriers to entry into banking to protect politically favored incumbents, and favored treatment for government debt combined to create a rickety, panic-prone banking system. Had legislators known then what we know now, we could hope that they never would have established the Federal Reserve System.
Today, however, we do know better. We know that the Federal Reserve continues to strengthen the collusion between banks and politicians. We know that the Feds inflationary monetary policy continues to reap profits for Wall Street while impoverishing Main Street. And we know that the current monetary regime is teetering on a precipice. One hundred years is long enough. End the Fed.
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Ron Paul: Rep. ‘Amash is in trouble,’ urges donations
Posted: at 4:42 pm
Washington West Michigan U.S. Rep. Justin Amash is getting a financial assist from his mentor, former U.S. Rep. Ron Paul, to battle a Republican primary challenger.
Paul, the former presidential candidate who ignited a libertarian movement within the GOP, sent out a fundraising email to supporters titled: Justin Amash is in trouble!
Paul urged his nationwide list of donors to join a fundraising surge known as a money bomb because Amash is at risk from a primary challenge by Brian Ellis, owner of an investment advisory firm and former East Grand Rapids school board member.
The Big Government GOP establishment is running a well-financed primary opponent against Justin, Paul said in an email Monday sent through the Liberty PAC, a fundraising committee supporting Paul. ... Justin needs your help right away.
Pauls call to action seems to be paying off. Amashs campaign raised more than $97,000 as of 6 p.m. Tuesday with the 48-hour effort ending at midnight. By comparison, Amash took three months to raise more than $200,000 in his last fundraising report.
Were thrilled with the amount of support and words of encouragement, said Amash campaign spokesman Will Adams. Initially, the money bomb was to last 24 hours, but an email from Amash Monday night asking for support prompted a wave of visitors that caused a website server to go down and the effort was extended, Adams said.
Amash, a second-term Republican from Cascade Township, has been a longtime supporter of Paul and campaigned for him in Michigan during his 2012 presidential run. When Paul retired from the House, many supporters looked to Amash to carry the torch for the liberty movement in the lower chamber.
Amash has developed a reputation much like Paul for bucking the establishment. He has routinely voted no on some key GOP leadership priorities most recently against the bipartisan Paul Ryan-Patty Murray budget deal for not cutting enough spending. He nearly won a House floor battle this summer to curb the National Security Agencys phone surveillance programs.
But his unconventional ways have irked some in his West Michigan district and within the Republican Party. Primary challenger Ellis argues Amash has turned his back on conservative principles and his district.
He is in trouble, said Ellis, 53, of Grand Rapids Township. And he is going to need a lot of money to defend his horrendous votes in Congress in a short time in office. He didnt support the Keystone Pipeline. He didnt support small business tax cuts, and he didnt even vote to reaffirm ... in God we trust as our national motto. So yeah, he needs help.
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Ron Paul says Fed created ‘distortions’
Posted: at 4:42 pm
Published: Thursday, 19 Dec 2013 | 1:28 PM ET
Ron Paul: Economy still has structural problems
Former Rep. Ron Paul, R-Texas, discusses the taper's influence on inflation and the Fed's next move.
Former GOP presidential candidate Ron Paul told CNBC on Thursday that investors should not be fooled by the Federal Reserve's "little" taper, as it is still manipulating the price of money and interest rates.
The Fed said Wednesday that the economy was strong enough for the central bank to begin scaling back its bond-buying program, but Paul called the taper too little, too late.
"There are still structural problems in the economy, and it's all related to monetary policy, and of course regulations and spending by our Congress," he said on "Squawk on the Street."
(Read more: Cashin: Bernanke made everybody right)
"They say they're going to taper, which means they have to buy less. But then the Fed says, 'Well, we're going to guarantee that interest rates won't rise.' "But how do you keep interest rates from rising? You have to buy stuff," he said. "In some ways it's a little bit schizophrenic.
"This whole policy of pretending that they're having major changes, and not buying quite so many bonds, and buying short term bills instead[that] could change in a minute," Paul added.
This is not a good time to invest in the stock market, he said.
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Ron Paul says Fed created 'distortions'
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Ron Paul presidential campaign, 2012 – Wikipedia, the free …
Posted: at 4:42 pm
The presidential campaign of U.S. Representative Ron Paul began officially in 2011 when Paul announced his candidacy for the 2012 Republican Party nomination for the U.S. Presidency. Although frequently mentioned by political observers as a possible candidate, Paul stopped short of a full-fledged candidacy before May 2011. Prior to that, he had only indicated that he was considering running for the presidency.
On April 14, 2011, Paul announced the formation of a "testing-the-waters" account, and had stated that he would decide whether he would enter the race by at least early May. Paul announced the formation of an exploratory committee on April 26, 2011, in Des Moines, Iowa. He declared his candidacy for President of the United States on May 13, 2011 in Exeter, New Hampshire.[4]
On July 12, 2011, Paul announced that he would not seek another term as the Representative of Texas's 14th District to focus on his presidential campaign.[5] By April 2012, the campaign had raised more than $38 million.[6][7][8][9][10]
On May 14, 2012, Paul announced that he would end active campaigning for the remaining primary states and instead focus on delegate selection conventions at the state level.[11] On July 14, 2012, Paul failed to win a plurality of delegates at the final convention in the state of Nebraska, which ended his ability to ensure a speaking spot at the Republican National Convention.[12] At the 2012 Republican National Convention, Paul's campaign won 190 delegates.[13]
Heavily speculated as a possible Republican candidate in the 2012 presidential election, Paul appeared in the 2010 Conservative Political Action Conference (CPAC) straw poll. Paul won the poll, defeating Mitt Romney, who had won it the previous three years.[14] Paul also won the 2011 CPAC straw poll with 30 percent of the vote. Following that, he also won the paid, online Arizona Tea Party Patriots straw poll on February 28, 2011 with 49% of the vote.[15]
In February 2011, Paul asked supporters to donate to his Liberty Political Action Committee to fund trips to Iowa and elsewhere to explore a possible 2012 presidential candidacy. On February 21, a Presidents' Day money bomb raised around $400,000 in 24 hours. Liberty PAC raised more than $700,000 during its February relaunch.[16][17] By the end of March, Liberty PAC had raised more than $1 million.[6]
On April 14, 2011, it was announced that Paul had formed a "testing-the-waters" organization, similar to Newt Gingrich's efforts in exploring his potential candidacy. Paul's spokesman, Jesse Benton was quoted as saying, "He remains undecided on what his plans will be, but as a final decision draws closer, his team has put the pieces in place for him to flip a switch and hit the ground running if he decides to run for president."[18] Paul announced the formation of an exploratory committee in Des Moines, Iowa on April 26 in preparation for a potential bid for the Republican presidential nomination.[19][20]
On May 5, Paul participated in a debate in Greenville, South Carolina among only five candidates.[21] A moneybomb was scheduled for the same day, which raised over $1 million for Paul's campaign.[22]
On May 13, 2011, in Exeter, New Hampshire, Paul announced his decision to seek the Republican nomination in the 2012 election. The announcement was broadcast live nationally on ABC's Good Morning America.[4]
On May 14, 2012, Paul made a statement on the campaign's website that he would no longer be actively campaigning in remaining state primaries, but would instead continue his presidential bid by seeking to collect delegates at caucuses and state conventions for the Republican National Convention in August 2012.[23]
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Market founder raised as foodie
Posted: at 4:42 pm
Ever since he can remember, Ron Paul has been thinking of food, quality ingredients, and creating things from scratch.
He fondly recalls his mothers cooking as a child in Tucson, Ariz., and his family's travels in Europe and Mexico.
One of his favorite memories was at age 10, eating a meal prepared by a Mexican chef in New Mexico. "It was an amalgam of tastes that were both Mexican and French what is called fusion cooking now but this was in the 1960s," Paul says. "Having been in Europe, I just sensed this was the best of both worlds."
His mother and father belonged to a gourmet cooking club and divided the menus of the month between their friends for shared meals.
When he was a teen, Paul and his brothers one older and one younger prepared a gourmet meal for their parents anniversary.
We made bread and pasta from scratch, Paul says. We paired it with wines and gave our wine list to Dad to buy.
His brothers followed their mother's footsteps and went into law. Paul, who moved to Portland in 1974, became a self-taught chef.
He opened a restaurant and catering business, Ron Paul Charcuterie, which had three locations in Portland from 1983 to 1998.
In 1990, he was contacted through his post as executive chef of Rex Hill Wines to be the first Oregon chef invited to cook at James Beard's home. His task: prepare a five-course dinner for 85 people with as many Oregon ingredients as he could bring to New York.
Paul and his sous-chef brought gravlax they cured, black-market Columbia River sturgeon caviar, and a New York steak roast filled with an eye of wild mushrooms.
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Report: Ron Paul vouches for Justin Amash in campaign fundraising effort
Posted: at 4:42 pm
GRAND RAPIDS, MI In a message to supporters Monday, libertarian firebrand and former U.S. Rep. Ron Paul reportedly said U.S. Rep. Justin Amash faces a serious threat toward a reelection bid.
Paul, a three time presidential candidate, sent an email to Liberty PAC supporters Monday and petitioned them to donate to Amash in his first fundraising campaign of the 2014 election season, according to the Sunshine State News.
The online-only publication appears libertarian-leaning with "an editorial board that believes free-market, less-government solutions."
Paul reportedly told supporters "Amash ... is in trouble" while "the big-government GOP establishment is running a well-financed primary opponent against Justin."
A Facebook posting purportedly details the rest of the message.
Amash, R-Cascade Township, and his campaign staff launched the online "money bomb" campaign called The Establishment Strikes Back: Join the Rebel Alliance! Monday and landed more than $88,000 after the first day, according to its website.
The online fundraiser was slated to end by midnight Monday with a goal of $100,000 but was extended to early Wednesday morning with the goal still in sight.
Grand Rapids businessman Brian Ellis thus far has emerged as a serious contender to Amash, garnering the praise of several West Michigan businesspeople in a recent campaign letter and engaging in an impromptu back-and-forth with the congressman on the radio.
This isn't the first time Paul has gotten behind Amash. The congressman raised more than $39,000 in September 2012 with the lure of having dinner with the two.
Related: Justin Amash raises $39,000 with lottery lure of dinner with Ron Paul
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Libertarianism – Wikipedia, the free encyclopedia
Posted: at 4:41 pm
Libertarianism (Latin: liber, "free")[1] is a set of related political philosophies that uphold liberty as the highest political end.[2][3] This includes emphasis on the primacy of individual liberty,[4][5]political freedom, and voluntary association. It is the antonym to authoritarianism.[6] Different schools of libertarianism disagree over whether the state should exist and, if so, to what extent.[7] While minarchists propose a state limited in scope to preventing aggression, theft, breach of contract and fraud, anarchists advocate its complete elimination as a political system.[7][8][9][10][11][12][13] While certain libertarian currents are supportive of laissez-faire capitalism and private property rights, such as in land and natural resources, others reject capitalism and private ownership of the means of production, instead advocating their common or cooperative ownership and management. [14][15][16][17]
In the Stanford Encyclopedia of Philosophy, libertarianism is defined as the moral view that agents initially fully own themselves and have certain moral powers to acquire property rights in external things.[18] Libertarian philosopher Roderick Long defines libertarianism as "any political position that advocates a radical redistribution of power from the coercive state to voluntary associations of free individuals", whether "voluntary association" takes the form of the free market or of communal co-operatives.[19]In the United States, the term libertarianism is often used as a synonym for economic liberalism.
Many countries throughout the world have libertarian parties (see list of libertarian political parties).
The term libertarian in a metaphysical or philosophical sense was first used by late-Enlightenment free-thinkers to refer to those who believed in free will, as opposed to incompatibilist determinism.[20] The first recorded use was in 1789 by William Belsham in a discussion of free will and in opposition to "necessitarian" (or determinist) views.[21][22]
Libertarian as an advocate or defender of liberty especially in the political and social spheres was used in 1796 in London Packet on the 12th of February:
Lately marched out of the Prison at Bristol, 450 of the French Libertarians.[23]
The word libertarian was used also in a political sense in 1802, in a short piece critiquing a poem by "the author of Gebir":
The author's Latin verses, which are rather more intelligible than his English, mark him for a furious Libertarian (if we may coin such a term) and a zealous admirer of France, and her liberty, under Bonaparte; such liberty![24]
The use of the word "libertarian" to describe a new set of political positions has been tracked to the French cognate, libertaire, which was coined in 1857 by French anarchist Joseph Djacque who used the term to distinguish his libertarian communist approach from the mutualism advocated by Pierre-Joseph Proudhon.[25] By 1878, Sir John Seeley could characterize a person "who can properly be said to defend liberty" (by opposing tyranny or "resist[ing] the established government") as a "libertarian."[26]Libertarian has been used by some as a synonym for anarchism since the 1890s.[27] By 1901, Frederic William Maitland could use the term to capture a cultural attitude of support for freedom. Observing that "the picture of an editor defending his proof sheets [...] before an official board of critics is not to our liking," Maitland emphasized that "[i]n such matters Englishmen are individualists and libertarians."[28] As early as 1923, H. L. Mencken could write: "My literary theory, like my politics, is based chiefly upon one idea, to wit, the idea of freedom. I am, in belief, a libertarian of the most extreme variety."[29]Albert Jay Nock and Mencken were the first prominent figures in the US to call themselves "libertarians," which they used to signify their allegiance to individualism and limited government, feeling that Franklin D. Roosevelt had co-opted the word "liberal" for his New Deal policies, which they opposed.[30]
In the United States, where the meaning of liberalism has parted significantly from classical liberalism, classical liberalism has largely been renamed libertarianism and is associated with "economically conservative" and "socially liberal" political views (going by the common meanings of "conservative" and "liberal" in the United States),[31][32] along with a foreign policy of non-interventionism.[33][34]
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Libertarianism (metaphysics) – Wikipedia, the free encyclopedia
Posted: at 4:41 pm
Libertarianism is one of the main philosophical positions related to the problems of free will and determinism, which are part of the larger domain of metaphysics.[1] In particular, libertarianism, which is an incompatibilist position,[2][3] argues that free will is logically incompatible with a deterministic universe and that agents have free will, and that, therefore, determinism is false.[4] Although compatibilism, the view that determinism and free will are not logically incompatible, is the most popular position on free will amongst professional philosophers,[5] metaphysical libertarianism is discussed, though not necessarily endorsed, by several philosophers, such as Peter van Inwagen, Robert Kane, Robert Nozick,[6]Carl Ginet, Hugh McCann, Harry Frankfurt, E.J. Lowe, Alfred Mele, Roderick Chisholm, Daniel Dennett,[7]Timothy O'Connor, Derk Pereboom, and Galen Strawson.[8]
The term "libertarianism" in a metaphysical or philosophical sense was first used by late Enlightenment free-thinkers to refer to those who believed in free will, as opposed to determinism.[9] The first recorded use was in 1789 by William Belsham in a discussion of free will and in opposition to "necessitarian" (or determinist) views.[10][11] Metaphysical and philosophical contrasts between philosophies of necessity and libertarianism continued in the early 19th century.[12]
Metaphysical libertarianism is one philosophical view point under that of incompatibilism. Libertarianism holds onto a concept of free will that requires the agent to be able to take more than one possible course of action under a given set of circumstances.
Accounts of libertarianism subdivide into non-physical theories and physical or naturalistic theories. Non-physical theories hold that the events in the brain that lead to the performance of actions do not have an entirely physical explanation, and consequently the world is not closed under physics. Such interactionist dualists believe that some non-physical mind, will, or soul overrides physical causality.
Explanations of libertarianism that do not involve dispensing with physicalism require physical indeterminism, such as probabilistic subatomic particle behavior theory unknown to many of the early writers on free will. Physical determinism, under the assumption of physicalism, implies there is only one possible future and is therefore not compatible with libertarian free will. Some libertarian explanations involve invoking panpsychism, the theory that a quality of mind is associated with all particles, and pervades the entire universe, in both animate and inanimate entities. Other approaches do not require free will to be a fundamental constituent of the universe; ordinary randomness is appealed to as supplying the "elbow room" believed to be necessary by libertarians.
Free volition is regarded as a particular kind of complex, high-level process with an element of indeterminism. An example of this kind of approach has been developed by Robert Kane,[13] where he hypothesises that,
In each case, the indeterminism is functioning as a hindrance or obstacle to her realizing one of her purposesa hindrance or obstacle in the form of resistance within her will which has to be overcome by effort.
Although at the time C. S. Lewis wrote Miracles,[14]Quantum Mechanics (and physical indeterminism) was only in the initial stages of acceptance, he stated the logical possibility that if the physical world was proved to be indeterministic this would provide an entry (interaction) point into the traditionally viewed closed system, where a scientifically described physically probable/improbable event could be philosophically described as an action of a non-physical entity on physical reality. He states, however, that none of the arguments in his book will rely on this.
Nozick puts forward an indeterministic theory of free will in Philosophical Explanations.[6]
When human beings become agents through reflexive self-awareness, they express their agency by having reasons for acting, to which they assign weights. Choosing the dimensions of one's identity is a special case, in which the assigning of weight to a dimension is partly self-constitutive. But all acting for reasons is constitutive of the self in a broader sense, namely, by its shaping one's character and personality in a manner analogous to the shaping that law undergoes through the precedent set by earlier court decisions. Just as a judge does not merely apply the law but to some degree makes it through judicial discretion, so too a person does not merely discover weights but assigns them; one not only weighs reasons but also weights them. Set in train is a process of building a framework for future decisions that we are tentatively committed to.
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Libertarianism (Stanford Encyclopedia of Philosophy)
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First published Thu Sep 5, 2002; substantive revision Tue Jul 20, 2010
Libertarianism, in the strict sense, is the moral view that agents initially fully own themselves and have certain moral powers to acquire property rights in external things. In a looser sense, libertarianism is any view that approximates the strict view. This entry will focus on libertarianism in the strict sense. For excellent discussion of the liberty tradition more generally (including classical liberalism), see Gaus and Mack (2004) and Barnett (2004).
Libertarianism is sometimes identified with the principle that each agent has a right to maximum equal empirical negative liberty, where empirical negative liberty is the absence of forcible interference from other agents when one attempts to do things. (See, for example, Narveson 1988, 2000, Steiner 1994, and Narveson and Sterba 2010.) This is sometimes called Spencerian Libertarianism (after Herbert Spencer). It is usually claimed that this view is equivalent to above self-ownership version of libertarianism. Kagan (1994), however, has cogently argued that the former (depending on the interpretation) either leads to radical pacifism (the use of force is never permissible) or is compatible with a wide range of views in addition to the above self-ownership libertarianism. I shall not, however, attempt to assess this issue here. Instead, I shall simply focus on the above self-ownership version of libertarianism.
Libertarianism can be understood as a basic moral principle or as a derivative one. It might, for example, be advocated as a basic natural rights doctrine. Alternatively, it might be defended on the basis of rule consequentialism or teleology (e.g., Epstein 1995, 1998; Rasmussen and Den Uyl 2005; or Shapiro 2007) or rule contractarianism (e.g., Narveson 1988 and roughly Lomasky 1987). Instrumental derivations of libertarianism appeal to considerations such as human limitations (e.g., of knowledge and motivation), incentive effects, administrative costs, the intrinsic value of liberty for the good life, etc. This entry will not address arguments for libertarian principles on the basis of other moral principles. Instead, it will simply address the plausibility of libertarian principles in their own right.
Although libertarianism could be advocated as a full theory of moral permissibility, it is almost always advocated as a theory of justice in one of two senses. In one sense, justice is concerned with the moral duties that we owe others. It does not address impersonal duties (duties owed to no one) or duties owed to self. In a second sense, justice is concerned with the morally enforceable duties that we have. It does not address duties for which it is impermissible to use force to ensure compliance or to rectify (e.g., punish) non-compliance (e.g. a duty to see your mother on her birthday). We shall here consider libertarianism as a theory of justice in each sense.
Libertarianism is often thought of as right-wing doctrine. This, however, is mistaken for at least two reasons. First, on socialrather than economicissues, libertarianism tends to be left-wing. It opposes laws that restrict consensual and private sexual relationships between adults (e.g., gay sex, extra-marital sex, and deviant sex), laws that restrict drug use, laws that impose religious views or practices on individuals, and compulsory military service. Second, in addition to the better-known version of libertarianismright-libertarianismthere is also a version known as left-libertarianism. Both endorse full self-ownership, but they differ with respect to the powers agents have to appropriate unowned natural resources (land, air, water, minerals, etc.). Right-libertarianism holds that typically such resources may be appropriated by the first person who discovers them, mixes her labor with them, or merely claims themwithout the consent of others, and with little or no payment to them. Left-libertarianism, by contrast, holds that unappropriated natural resources belong to everyone in some egalitarian manner. It can, for example, require those who claim rights over natural resources to make a payment to others for the value of those rights. This can provide the basis for a kind of egalitarian redistribution.
The best known early statement of (something close to) libertarianism is Locke (1690). The most influential contemporary work is Nozick (1974).
Libertarianism holds that agents are, at least initially, full self-owners. Agents are (moral) full self-owners just in case they morally own themselves in just the same way that they can morally fully own inanimate objects. Below we shall distinguish between full (interpersonal) self-ownership and full political self-ownership. Many versions of libertarianism endorse only the latter.
Full ownership of an entity consists of a full set of the following ownership rights: (1) control rights over the use of the entity: both a liberty-right to use it and a claim-right that others not use it, (2) rights to compensation if someone uses the entity without one's permission, (3) enforcement rights (e.g., rights of prior restraint if someone is about to violate these rights), (4) rights to transfer these rights to others (by sale, rental, gift, or loan), and (5) immunities to the non-consensual loss of these rights. Full ownership is simply a logically strongest set of ownership rights over a thing. There is some indeterminacy in this notion (since there can be more than one strongest set of such rights), but there is a determinate core set of rights (see below).
At the core of full self-ownership, then, is full control self-ownership, the full right to control the use of one's person. Something like control self-ownership is arguably needed to recognize the fact there are some things (e.g., various forms of physical contact) that may not be done to a person without her consent, but which may be done with that consent. It wrongs an individual to subject her to non-consensual and unprovoked killing, maiming, enslavement, or forcible manipulation.
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Libertarianism (Stanford Encyclopedia of Philosophy)
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Libertarianism [Internet Encyclopedia of Philosophy]
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What it means to be a libertarian in a political sense is a contentious issue, especially among libertarians themselves. There is no single theory that can be safely identified as the libertarian theory, and probably no single principle or set of principles on which all libertarians can agree. Nevertheless, there is a certain family resemblance among libertarian theories that can serve as a framework for analysis. Although there is much disagreement about the details, libertarians are generally united by a rough agreement on a cluster of normative principles, empirical generalizations, and policy recommendations. Libertarians are committed to the belief that individuals, and not states or groups of any other kind, are both ontologically and normatively primary; that individuals have rights against certain kinds of forcible interference on the part of others; that liberty, understood as non-interference, is the only thing that can be legitimately demanded of others as a matter of legal or political right; that robust property rights and the economic liberty that follows from their consistent recognition are of central importance in respecting individual liberty; that social order is not at odds with but develops out of individual liberty; that the only proper use of coercion is defensive or to rectify an error; that governments are bound by essentially the same moral principles as individuals; and that most existing and historical governments have acted improperly insofar as they have utilized coercion for plunder, aggression, redistribution, and other purposes beyond the protection of individual liberty.
In terms of political recommendations, libertarians believe that most, if not all, of the activities currently undertaken by states should be either abandoned or transferred into private hands. The most well-known version of this conclusion finds expression in the so-called minimal state theories of Robert Nozick, Ayn Rand, and others (Nozick 1974; Rand 1963a, 1963b) which hold that states may legitimately provide police, courts, and a military, but nothing more. Any further activity on the part of the stateregulating or prohibiting the sale or use of drugs, conscripting individuals for military service, providing taxpayer-funded support to the poor, or even building public roadsis itself rights-violating and hence illegitimate.
Libertarian advocates of a strictly minimal state are to be distinguished from two closely related groups, who favor a smaller or greater role for government, and who may or may not also label themselves libertarian. On one hand are so-called anarcho-capitalists who believe that even the minimal state is too large, and that a proper respect for individual rights requires the abolition of government altogether and the provision of protective services by private markets. On the other hand are those who generally identify themselves as classical liberals. Members of this group tend to share libertarians confidence in free markets and skepticism over government power, but are more willing to allow greater room for coercive activity on the part of the state so as to allow, say, state provision of public goods or even limited tax-funded welfare transfers.
As this article will use the term, libertarianism is a theory about the proper role of government that can be, and has been, supported on a number of different metaphysical, epistemological, and moral grounds. Some libertarians are theists who believe that the doctrine follows from a God-made natural law. Others are atheists who believe it can be supported on purely secular grounds. Some libertarians are rationalists who deduce libertarian conclusions from axiomatic first principles. Others derive their libertarianism from empirical generalizations or a reliance on evolved tradition. And when it comes to comprehensive moral theories, libertarians represent an almost exhaustive array of positions. Some are egoists who believe that individuals have no natural duties to aid their fellow human beings, while others adhere to moral doctrines that hold that the better-off have significant duties to improve the lot of the worse-off. Some libertarians are deontologists, while others are consequentialists, contractarians, or virtue-theorists. Understanding libertarianism as a narrow, limited thesis about the proper moral standing, and proper zone of activity, of the stateand not a comprehensive ethical or metaphysical doctrineis crucial to making sense of this otherwise baffling diversity of broader philosophic positions.
This article will focus primarily on libertarianism as a philosophic doctrine. This means that, rather than giving close scrutiny to the important empirical claims made both in support and criticism of libertarianism, it will focus instead on the metaphysical, epistemological, and especially moral claims made by the discussants. Those interested in discussions of the non-philosophical aspects of libertarianism can find some recommendations in the reference list below.
Furthermore, this article will focus almost exclusively on libertarian arguments regarding just two philosophical subjects: distributive justice and political authority. There is a danger that this narrow focus will be misleading, since it ignores a number of interesting and important arguments that libertarians have made on subjects ranging from free speech to self-defense, to the proper social treatment of the mentally ill. More generally, it ignores the ways in which libertarianism is a doctrine of social or civil liberty, and not just one of economic liberty. For a variety of reasons, however, the philosophic literature on libertarianism has mostly ignored these other aspects of the theory, and so this article, as a summary of that literature, will generally reflect that trend.
Probably the most well-known and influential version of libertarianism, at least among academic philosophers, is that based upon a theory of natural rights. Natural rights theories vary, but are united by a common belief that individuals have certain moral rights simply by virtue of their status as human beings, that these rights exist prior to and logically independent of the existence of government, and that these rights constrain the ways in which it is morally permissible for both other individuals and governments to treat individuals.
Although one can find some earlier traces of this doctrine among, for instance, the English Levellers or the Spanish School of Salamanca, John Lockes political thought is generally recognized as the most important historical influence on contemporary natural rights versions of libertarianism. The most important elements of Lockes theory in this respect, set out in his Second Treatise, are his beliefs about the law of nature, and his doctrine of property rights in external goods.
Lockes idea of the law of nature draws on a distinction between law and government that has been profoundly influential on the development of libertarian thought. According to Locke, even if no government existed over men, the state of nature would nevertheless not be a state of license. In other words, men would still be governed by law, albeit one that does not originate from any political source (c.f. Hayek 1973, ch. 4). This law, which Locke calls the law of nature holds that being all equal and independent, no one ought to harm another in his life, liberty, or possessions (Locke 1952, para. 6). This law of nature serves as a normative standard to govern human conduct, rather than as a description of behavioral regularities in the world (as are other laws of nature like, for instance, the law of gravity). Nevertheless, it is a normative standard that Locke believes is discoverable by human reason, and that binds us all equally as rational agents.
Lockes belief in a prohibition on harming others stems from his more basic belief that each individual has a property in his own person (Locke 1952, para. 27). In other words, individuals are self-owners. Throughout this essay we will refer to this principle, which has been enormously influential on later libertarians, as the self-ownership principle. Though controversial, it has generally been taken to mean that each individual possesses over her own body all those rights of exclusive use that we normally associate with property in external goods. But if this were all that individuals owned, their liberties and ability to sustain themselves would obviously be extremely limited. For almost anything we want to doeating, walking, even breathing, or speaking in order to ask anothers permissioninvolves the use of external goods such as land, trees, or air. From this, Locke concludes, we must have some way of acquiring property in those external goods, else they will be of no use to anyone. But since we own ourselves, Locke argues, we therefore also own our labor. And by mixing our labor with external goods, we can come to own those external goods too. This allows individuals to make private use of the world that God has given to them in common. There is a limit, however, to this ability to appropriate external goods for private use, which Locke captures in his famous proviso that holds that a legitimate act of appropriation must leave enough, and as good in common for others (Locke 1952, para. 27). Still, even with this limit, the combination of time, inheritance, and differential abilities, motivation, and luck will lead to possibly substantial inequalities in wealth between persons, and Locke acknowledges this as an acceptable consequence of his doctrine (Locke 1952, para. 50).
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Libertarianism [Internet Encyclopedia of Philosophy]
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