News
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- Written by: Howard Kupferman
- Category: Selected Blogs
Most Americans assume that the banking system as we know it has been around since the end of the Revolution. Not so!
We all know of the animosity between Thomas Jefferson and Alexander Hamilton. Jefferson opposed a national bank on principal. He stated that it was not in the Constitution that there should be a central bank; Hamilton argued that it was implied in the Constitution. George Washington signed the law creating a national bank in order to promote trade and industry. The law expired in 1811 and Congress did not renew it until 1816. Congress attempted to renew the law in 1832 however it was vetoed by Andrew Jackson. Our current banking system was not created until 1914.
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- Written by: Jay Edgar
- Category: Latest News
Tune in this Friday! From John Stossel:
This Friday (10 p.m. ET), I get the entire "20/20" hour for a special: John Stossel's Politically Incorrect Guide to Politics
There's tremendous excitement about this year's election. People say that their candidate will fix America. Barack Obama inspires idol worship that's usually lavished on rock stars. At the Republican convention, one man told me John McCain was like Superman.
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- Written by: Webmaster
- Category: Latest News
George Mason University economist and author Russell Roberts, who blogs at the always interesting Cafe Hayek, sat down with reason.tv to talk about the nation's shakey economy and the government's bailout plan. Watch this six-minute interview to learn where the problems came from, why the bailout won't address them, and what sort of hurt we're in for over the next several weeks, months, and years. "The real cost of this," warns Roberts, "is that we have said to people, 'Risk taking is not as risky as it used to be.' That's a mistake. It's a horrible mistake and it will lead to a lower standard of living down the road because investment will be more cavalier and less prudent."
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- Written by: Howard Kupferman
- Category: Selected Blogs
It seems like the mainstream news is beginning to catch up with us. Today’s column by John Farmer on the front page of the New Jersey Star Ledger is entitled “In Bush’s Bailout, Echoes of Marx.” Looks like the Libertarians are way ahead of the curve once again.
RICHMOND, Va. -- The Bush administration has come full circle -- from Karl Rove to Karl Marx.
With its latest gambit -- a $250 billion federal purchase of major bank stocks coming on the heels of an earlier $700 billion federal rescue package -- President Bush has taken a giant step toward partial nationalization of the nation's financial system to save it from its own excesses.
Who'd have believed it? Socialism with a Republican face!
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- Written by: Peter Hill
- Category: Letters to Editor
Published at Delaware Online. Vist link and leave a comment.
Between the liberals who can’t keep their hands off our wallets and the conservatives who can’t keep their noses out of our bedrooms, American government has made a mockery of the ideals of our founding fathers.
Thomas Jefferson said, “That government governs best that governs least.” He might as well have been from Mars.
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- Written by: Howard Kupferman
- Category: NJ Libertarian Blog
Proposal number five of Karl Marx’s Communist Manifesto was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” This is exactly what our central bank, the Federal Reserve, has now done. Anyone who thinks we are still a capitalist country needs a reality check. We haven't been a capitalist country since FDR and the New Deal. It is ironic that Bush and the republican "free marketeers" have dealt the final blow.
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- Written by: Walter M. Luers, Esq.
- Category: Events
We have cancelled today's Town Hall Meeting with Jason Scheurer at the Long Hill Township Public Library. We also thank Jason for appearing Saturday at the Morris County Public Library and spending a great deal of time at the Millington Town Fair in Morris County, which went very well.
The Morris County Libertarian Party will continue planning and holding events in Morris County, and we will announce those events at this website.
I would also like to thank Prof. Howard Kupferman for doing most of the work in organizing these events, and Lou Jasikoff for coordinating between the Morris County Libertarians and the Scheurer campaign.
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- Written by: Howard Kupferman
- Category: Selected Blogs
On September 23, direct infusions of cash into the banking system, according to Treasury Secretary Paulson and Fed Chairman Ben Bernanke, would be “about failure”, they said in testimony before Congress. Now it is about “success”, according to the same individuals.
How can the markets have confidence when they hear one fairy tale less than three weeks ago and another now? Which is it gentlemen?
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- Written by: Webmaster
- Category: Latest News
By ELAINE ROSE Press of Atlantic City Staff Writer
A central New Jersey man has filed suit against 17 Atlantic County towns in an effort to make the workings of municipal governments more open to the public. John Paff, of Somerset, chairman of the New Jersey Libertarian Party's Open Government Advocacy Project, filed his suit Friday, claiming 17 of the 23 municipalities in Atlantic County did not adequately respond to his requests for minutes from closed-session meetings.
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- Written by: Howard Kupferman
- Category: Selected Blogs
The Federal Reserve announced yesterday that it would make over $900 billion available to financial institutions instead of the $150 billion it had said it would make available previously. (This is in addition to the $700 billion pledged to Wall Street for the bailout.) It appears that the Fed has abandoned its fight against inflation and has decided instead to inflate the currency.
There should be little question among those who understand the implications of infusing huge amounts of cash into a failing economic system. Without an increase in GDP, or more goods and services to purchase with all this money, there will be an increasing amount of cash chasing a stagnant amount of things to purchase. This must inevitably lead to higher prices for the average American.
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- Written by: Webmaster
- Category: Selected Blogs
Dear Concerned Citizen,
At first, it was but three pages.
Then, it grew to 42.
When it was voted on last night, the bill was the size of a novel.
A 451-page novel they most likely did not read before completing the first of three steps into making it law.
Packed with "sweeteners"–the deceptive name for political bribes—the
bill passed with ease. Sweeteners like more regulations on insurance
companies, setting up a "Wool Trust Fund"…and even relief for the
manufacturers of wooden arrows.
"Other goodies intended to attract the votes of individual members of
Congress include $192 million for the rum producers of Puerto Rico and
Virgin Islands, $128 million for car racing tracks, $33 million for
corporations operating in American Samoa, and $10 million for small
film and television productions," says ABC's Jake Tapper.
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- Written by: Howard Kupferman
- Category: NJ Libertarian Blog
The House narrowly defeated a bill to “rescue” Wall Street today. The question is, what does this mean to the average American?
First of all, congress rejected the concept that the government will be responsible for renegotiating homeowner mortgages that were made by banks which thought they could sell off those loans and take no risk. Investors in such financial instruments that are backed by mortgage payments and other revenue streams, such as credit card receivables, will be wary of taking on such risk in the future. Insurers who promised restitution to these investors will no longer be so certain that these financial instruments are somewhat recession-proof.
Subcategories
NJ Libertarian Blog
Imported from NJ Libertarian News from the published feed
Videos
This is a page of various videos that we have either created or found interesting. Be sure to check out and follow our YouTube page.
Open Government Advocacy Project
The Open Government Advocacy Project is a committee of the NJ Libertarian Party. Its goal is to ensure transparency and accountability at all levels of government. Articles posted here are a subset of the work of the committee. For more information visit the Open Government Advocacy Project blog.
If you would like to demand accountability and ensure that your local governing body or school board adheres to the Open Public Records Act we can help you request information from them. Contact John Paff, the project chair here.
Insight New Jersey
NJ government is huge and complex. Private industry is shrinking while the size and cost of government bureacracy continues to grow. The articles posted here provide a guide of the NJ State Government and can be used by citizens and candidates for office to evaluate what departments can be reduced drastically in size.
We'll start with just some of the departments and provide a breakdown on what they do (or purport to do), how many employees they have and how big their budget is.
Preempted Ordinance Repeal Project
The New Jersey Libertarian Party's Preempted Ordinance Repeal Project (“the Project”) seeks to get New Jersey municipalities to repeal loitering ordinances that should have been -- but were not -- repealed when the New Jersey Code of Criminal Justice was enacted in 1979. The Project has successfully had loitering ordinances repealed in over 30 towns. For a summary listing of all the towns see Preempted Ordinance Repeal Project page.
Police Accountability Project
The Police Accountability Project is a committee of the NJ Libertarian Party. Its goal is to search out cases of police misconduct, file former Internal Affairs (IA) complaints when appropriate, and to publicize violations of rules and laws by the police. There may be other stories posted on the NJLP Police Internal Affairs Complaint Blog page.
If you would like to help or know of a case we should be looking at, contact the committee at
Legislative Affairs Committee
The Legislative Affairs Committee was created to allow a select core of Volunteers to take action on legislation and policies which directly affects the people of New Jersey.
[INTRO VIDEO - HOSTED ON NJLP STATE YOUTUBE AND EMBEDED HERE]
Staff
Legislative Director and Committee Chair
Volunteers: