These are hard times for advocates of peace and free enterprise. As the 2016 presidential campaign heats up, where can we turn—if we must turn somewhere? Neither Republicans nor Democrats have much to offer voters who both favor free markets and agrees with James Madison that “of all the enemies to public liberty war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other.” One need only watch the Republican “debates” to see this. Who among the contenders represents the strain in American politics that combines Adam Smith, the 18th-century Scottish champion of the “system of natural liberty,” and William Graham Sumner, the turn-of-the-20th-century classical-liberal sociologist who opposed America’s conversion to a global imperial power?....To Read More…..
My Take – As a rule there are a great many things I agree with said by Libertarians – but as a general rule real Libertarians also tend to give me hives, including this author, and others who write for the Independent Institute. Having said that – there are things in this article that will cause concern and some a knee jerk reaction, but I want to inspire some deeper long range thinking. The world is coming to an end of the Bretton Woods era where the U.S. agreed to be the world’s protector of international sea lanes and stop wars within the Bretton Woods family, and open our markets to the rest of the world – at America’s expense. That’s no longer a financially viable situation and the U.S. will begin contracting its involvement internationally militarily and economically for sure by 2020 and continuing to 2030, and who knows what after. And with events in Europe with this current immigration problem – that contraction is - in my opinion - on fast forward. Irrespective of what's being said by economists and politicians, the only country in the world that can be economically and militarily self sustaining is the U.S. Everything else being said is merely smoke and mirrors to prevent clarity!