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“Happy 217th Birthday to French Liberal Economist Frederic Bastiat!”

Friday June 29 was the 217th anniversary of the birth of Frederic Bastiat, champion of free trade and personal freedom.
Mark Perry has a tribute to the 19th Century Liberal economist @ fee.org, the blog of the Foundation for Economic Education:

According to the Library of Economics and Liberty, Bastiat’s biggest contributions to economics were “his fresh and witty expressions of economic truths,” which “made them so understandable and compelling that the truths became hard to ignore.” Celebrating Bastiat’s birthday has become an annual tradition at Carpe Diem, and below I present some of my favorite quotes from the great liberty-loving, influential French economist!

1. One of Bastiat’s most famous and important writings was “The Candlemakers’ Petition,”…

“We [French candlemakers] are suffering from the intolerable competition of a foreign rival, placed, it would seem, in a condition so far superior to ours for the production of light that he absolutely inundates our national market with it at a price fabulously reduced. The moment he shows himself, our trade leaves us — all consumers apply to him; and a branch of native industry, having countless ramifications, is all at once rendered completely stagnant. This rival, who is none other than the sun, wages war mercilessly against us.”

“We ask you to pass a law requiring the closing of all windows, skylights, dormer-windows, outside and inside shutters, curtains, blinds; in a word, of all openings, holes, chinks, clefts, and fissures, by or through which the light of the sun has been in use to enter houses, to the prejudice of the meritorious manufactures with which we flatter ourselves that we have accommodated our country — a country that, in gratitude, ought not to abandon us now to a strife so unequal.”

Full celebration by Mark J Perry https://fee.org/articles/happy-217th-birthday-to-french-classical-liberal-economist-frederic-bastiat/?utm_campaign=FEE%20Daily&utm_source=hs_email&utm_medium=email&utm_content=64159662&_hsenc=p2ANqtz-95PXiAGSHJE7GHbHJ2RsmLx8TRylwZgWxu8hPcaZgG7QDc42qGtuRKBws2nUTacJsPxK9WyHclaJalQgkj5Jwr17RfwQ&_hsmi=64159662

Jack Guerrero for Treasurer -Liberty, Free Markets & Respect for the Constitution

Former Cudahy Mayor Jack Guerrero is a Republican candidate for State Treasurer in the June 5 primary. His campaign theme is “Liberty, Free Markets & Respect for the Constitution”

Jack Guerrero has served as a member of the Cudahy City Council, and as Mayor. As a local official he exposed problems with the city’s financial controls, and worked with the state Controller to examine the city’s spending. Mr Guerrero also pushed for school reform and held public hearings on education quality.

Jack Guerrero promotes his vision of limited government with a recommended reading list “Great Works of Influence” which
includes “Human Action” by Ludwig von Mises; “The Road to Serfdom” by Friedrich Hayek; “Atlas Shrugged” by Ayn Rand; “Conscience of a Conservative” by Barry Goldwater and more books, all of them available at the Renaissance Book Shop www.renbook.com

His experience in local government and his commitment to liberty and free markets make Jack Guerrero the best choice for State Treasurer. Vote for Jack Guerrero for State Treasurer on Tuesday, June 5. More info @ https://www.jack4treasurer.com/

LP:”Civil asset forfeiture is legalized theft by government”

February 8, 2017

Yesterday, at a meeting with sheriffs, President Trump commented about ruining the career of a Texas legislator that proposed a bill to reform civil asset forfeiture.

“We’ll destroy his career,” the President said.

The legislator was unnamed and there are several Texas legislators currently proposing bills to reform civil asset forfeiture laws.

Such laws vary by state but in many states it is legal for law enforcement officials to seize property from someone before they are convicted of any crime and then even keep that property even if the person is found innocent.

There have been many cases documented that show how this practice can be abused and, for every case documented, there are countless others that are not.

The Libertarian Party thinks that the current practice of civil asset forfeiture is completely unfair and un-American.

Libertarian National Committee Chair, Nicholas Sarwark, says, “Civil asset forfeiture is nothing more than legalized theft by the government. Basic fairness and justice requires that there be a criminal conviction before someone’s assets can be taken for being proceeds of a crime.”

Sarwark continues, “This legalized theft has been a driver of the failed war on drugs. Thank you to the Texas legislators reforming our system to protect the property of innocent people from being stolen by the government. Our President and his nominee for Attorney General should be ashamed of continuing this immoral policy of legalized theft and bullying legislators who stand up for their constituents.”

He concludes, “When bullies don’t have an argument, they use threats to try to get their way. Such pathetic behavior from the President is sad, but not surprising.”

Senator Jeff Sessions, President Trump’s nominee for Attorney General, has been an outspoken advocate for civil asset forfeiture

Source:Post by Lauren Daugherty @ lp.org https://www.lp.org/civil-asset-forfeiture-is-legalized-theft-by-government/


California: Vote No on Debt and Taxes!

On Tuesday, November 8, Californians will vote on whether to issue 9 billion dollars in bonds to pay for school facilities, and whether to extend temporary tax hikes on high earners.

Proposition 51 authorizes the state to issue 9 billion dollars in bonds to pay for construction and repair of facilities for public schools, charters schools and community colleges. The bonds will cost the taxpayers 8.6 billion dollars in interest, for a total cost of $17.6 billion dollars. The state will have to collect a half billion dollars a year in taxes for 35 years to pay back these bonds.

Governor Jerry Brown opposes this new bond issue, because the state has too much debt already. Libertarians favor a system of private schools for all, with scholarships for those who need help paying tuition. This will guarantee access to education for all, while transferring the capital cost of school construction from the taxpayers to private and corporate educational businesses. Governor Jerry Brown and The Libertarian Party urge you to vote No on more debt, Vote No on Proposition 51.

Proposition 55 will extend for 12 years income tax hikes on residents earning $250,000 a year or more. Governor Jerry Brown promoted temporary tax hikes in 2012, and he favors letting the tax increases expire. California already puts a high cost on success, making the state less welcoming to successful individuals and successful companies. We must create a business climate that promotes economic growth in order to keep Californians working and productive. We need tax cuts for economic growth, not tax hikes. Governor Jerry Brown and The Libertarian Party urge you to vote against high taxes, Vote No on Proposition 55.

Proposition 53 is an amendment to the California Constitutionnnn that will require voter approval of revenue bonds if the issue exceeds 2 billion dollars. The Constitution now requires approval by the voters for bonds dedicated to funding specific projects, but does not require voter approval for general purpose revenue bonds. Proposition 53 will make it harder for the state to go more into debt. The Libertarian Party urges you to Vote Yes on Proposition 53.