Posts tagged Values
Economist Attacks Ron Paul
Recently, Ron Paul wrote a important piece, Chained CPI Chains Taxpayers. In the piece, Dr. Paul explains how the chained CPI “is an effort to alter the perceived impact of inflation via the gimmick of ‘full substitution.””
Economist David Henderson objects to this view. He writes:
By using the words “gimmick” and “perceived,” Paul makes it sound as if the purpose of the chained CPI is to trick people into thinking that their cost of living has not gone up as much as the old CPI said. That’s not true. The purpose of the chained CPI is to get a more accurate read on how much the cost of living has gone up.
But how can chained CPI not be a distortion? Henderson, himself, writes:
When the price of one good rises a lot and the price of another good rises a little or not at all, and those goods are, in many people’s minds, substitutes, people will tend to substitute out of the good whose price has risen more and into the good whose price has risen less. So the purpose of the chained CPI is to take account of that in order to estimate the cost of achieving a given level of utility.
First off, if the price of one good rises and therefore I substitute a lower priced good, my standard of living has indeed been altered. If I like steak, but the price of steak rises beyond my budget and I substitute a Mrs. Stouffer’s television dinner, Henderson may not see the decline in my standard of living that has occurred, nevertheless in my mind as consumer, the decline is pretty damn obvious. I have made a substitution, not because I see the two products as nearly identical but because the price increase for steak has pushed it out of my budget. Henderson is wrong in implying that because I am substituting one good for another that I see the two products as early identical.
Second, Henderson pulls out of his hat the use of “utility” as though it were somehow a calculatable cardinal number. There is no such calculatable number. Austrian economics teaches us that all we can do is rank our values on a value scale.
As Murray Rothbard put it:
Ron Paul image added to original post.
Found while reviewing http://www.economicpolicyjournal.com, which is a daily event.
Posted by Robert Wenzel
(ht Walter Block)
Video published by Foundation for Harmony and Prosperity
Video capture added to Robert’s original post.
Christina Tobin of Free & Equal interviews Amber Lyon, Emmy Award winning journalist and whistle blower. Free & Equal has been on the fore front against the limited choices that We The People have been stuck with thanks to the two party duopoly sitting in D.C. Please visit Free & Equal and support their actions as best you can. The lead in and interview to follow.
Emmy Award-Winning Whistle Blower Amber Lyon Broke Away from CNN; Here’s Her Side of the Story!
Free & Equal empowers people to demand liberty, honesty and integrity from those they vote for. Amber Lyon is encouraging Americans to demand the same from journalists. Together, honest journalism and open elections can transform America – and that change is already beginning.
Amber Lyon, a three-time Emmy award-winning journalist, became famous during the Arab Spring, when she reported on Bahrain’s human rights violations and couldn’t get CNN to air certain stories; she investigated further and discovered that CNN was in fact was taking money from dictators worldwide in exchange for content.
Since Amber Lyon was fired after over a year of conflict with her bosses, she has been pursuing her vision of journalism by acting “as a watchdog of government and a muckraker, not a puppet.”
Free & Equal is dedicated to supporting integrity like Amber’s by uniting all honest media, musicians, authors, leaders, and providing support for grassroots movements and causes, including breaking the stranglehold of the two-party system.
Free & Equal’s next two podcasts will feature Intellectual Revolution’s Ty Loomis and Matt McKinney (www.intellectualrevolution.tv). Then 2012 Presidential Candidates -Gov. Gary Johnson of Libertarian Party (www.garyjohnson2012.com) and Jill Stein of the Green Party (www.jillstein.org). Stay tuned!
Creating honest media can only be done with the help of people who are tired of mainstream misdirection.
You can subscribe to the Free & Equal podcast through iTunes directly or through Podomatic at this link. You also can listen to the show through the Free & Equal mobile app currently available for the Android device and soon to be available for iPhone.
By Leslie MacKinnon, CBC News
Can doctors withdraw life-support without family’s consent?
The emotionally charged question about whether a doctor should have the authority to order life-support tubes pulled from a minimally conscious patient without the consent of the patient’s family was the subject of a Supreme Court of Canada hearing Monday.
The case is about Hassan Rasouli, who has been on a ventilator and feeding tube for the past two years at Sunnybrook Hospital in Toronto, after bacterial meningitis destroyed parts of his brain following surgery for a brain tumour.
Rasouli, at first in a coma, was deemed to be in a persistent vegetative state, but that diagnosis was changed to one of “minimal consciousness” after he seemed to wake up and could occasionally give a thumbs-up sign, or grasp a ball.
Nevertheless, Rasouli’s doctors at Sunnybrook didn’t change their minds that he should be taken off hydration and feeding systems and moved into palliative care.
Rasouli’s family sought an injunction to prevent removal of the tubes, and then argued successfully at two lower court levels that the doctors did not have to right to halt use of the life-preserving equipment. The doctors appealed those decisions to the highest court.
Outside the court in Ottawa Monday, Rasouli’s daughter Mozhgan said, “My father represents the value of life … I know that he wants to be alive.” She continued, “It is unfair, it is unfair — he should be treated like anyone else.”
“I don’t think (Ron Paul supporters) have been disrespected.” – Mitt Romney
The Grand Old Party produced a scripted appeal to the faithful. The 2012 Republican Party convention in Tampa, designed to sell a filtered image of a country club version of conservatism, begs the historic substance of a traditional embodiment of true timeless values. Hitting a range of obligatory themes is not equivalent to standing for the principles of a constitutional republic. Appealing to the estranged elements of the GOP needs more than words to restore faith and hope. Reasoned policy stands require a refutation of the failure of the Neoconservative agenda. So do not be duped by the language in the platform.
The indomitable Phyllis Schlafly loves the planks, in the article: Republican Party platform best yet.
“It rejects a long list of United Nations treaties, including the treaty on women’s rights, the treaty on the rights of the child, the treaty on persons with disabilities, the arms trade treaty and the Law of the Sea treaty. The platform also rejects Agenda 21, including its proposal for a global tax and various U.N. declarations on the environment.
Altogether, the 2012 Republican Platform is an excellent document written by grass-roots conservatives. It is a true reflection of American values.”
Now how can any red blooded conservative disagree with a political party that rejects the globalism of the United Nations? Well, our distinguished champion at the Eagle Forum engages in wishful thinking, if she believes that the platform is anything more than tomorrows fish wrapper paper.
For a concise analysis of the irrelevance of the planks in the platform, view the John Nichols: Mitt Romney Versus the Tea Party video. In politics, deeds count, while rhetoric blows away with the wind.
Judge a campaign by the political handlers and their records. Examine the viewpoints that the political endorsers are committed to their core. The notion expressed by the New York Times in Platform’s Sharp Turn to Right Has Conservatives Cheering may give temporary joy, but the ugly underbelly of the NeoCon purity sect is at work to purge the party of the residual of real conservatives.
By Dan in News
Ron Paul smashed attendance records last night at UC Berkeley finally putting to rest the question of how big will his rallies in California be. The campaign estimates that over 8,500 people gathered to listen to Paul speak on the steps of Doe Library. This is of course the latest and largest gathering that the congressman has had in this election cycle.
UC Berkeley has a reputation of left-wing politics and activism however as these videos show freedom is probably the most popular view on campus these days.
Rand Paul attacks Obama and the Republicans. 2/13/12
Now more than every we need the Champion of the Constitution!
Please visit Ron Paul’s official campaign site by following the link below and donate today!
by John Nichols
John Nichols is the author of several books that examine the legacy of old-right conservatives such as Taft and Buffett, including Against the Beast: A Documentary History of American Opposition to Empire.
Ron Paul represents the ideology that Republican insiders most fear: conservatism.
Not the corrupt, inside-the-beltway construct that goes by that name, but actual conservatism.
And if he wins the Iowa Republican Caucus vote on January 3—a real, though far from certain, prospect—the party bosses will have to do everything in their power to prevent Paul from reasserting the values of the “old-right” Republicans who once stood, steadily and without apology, in opposition to wars of whim and assaults on individual liberty.
Make no mistake, the party bosses are horrified at the notion that a genuine conservative might grab the Iowa headlines from the false prophets. Already, they are claiming a Paul win won’t mean anything. If Paul prevails, says Iowa Governor Terry Branstad, “People are going to look at who comes in second and who comes in third. If [Mitt] Romney comes in a strong second, it definitely helps him going into New Hampshire and the other states.”
The party’s amen corner in the media is doing its part. Republican-insider radio and television programs have begun to go after Paul, the veteran congressman from Texas who is either leading or near the top in recent polls of likely caucus goers. Rush Limbaugh ridicules Paul on his radio show, while Sean Hannity’s Fox show has become a nightly Paul-bashing fest, with guests like former Education Secretary Bill Bennett trashing the congressman with lines like: “his notion of foreign policy is impossible.”
Actually, Paul’s notion of foreign policy is in line with that of conservatives used to believe. The congressman is often referred to as a libertarian, and he has certainly toiled some in that ideological vineyard. But the truth is that his politics descend directly from those of former Ohio Senator Robert “Mr. Republican” Taft and former Nebraska Congressman Howard Buffett—old-right opponents of war and empire who served in the Congress in the 1940s and 1950s and who, in Taft’s case, mounted credible bids for the party’s presidential nomination in 1940, 1948 and finally in 1952. In all three campaigns, Taft opposed what he described as the “Eastern establishment” of the party—the Wall Streeters who, he pointedly noted, had little in common with Main Streeters.
Taft was a steady foe of American interventionism abroad, arguing very much as Paul does today that it threatens domestic liberty. Indeed, just as Paul joined US Senator Russ Feingold in opposing the Patriot Act, spying on Americans and threats to freedom of speech and assembly in the first days of what would become an open-ended “war on terror,” so Taft warned during the cold war that “criticism in a time of war is essential to the maintenance of any kind of democratic government.”
“The maintenance of the right of criticism in the long run will do the country…more good than it will do the enemy,” explained Taft, who challenged President Truman’s attempts to use war powers as an excuse to seize domestic industries and otherwise expand what Dwight Eisenhower would eventually define as the military-industrial complex.
The National Institutes of Health (NIH) sent more than $90 million of U.S. taxpayers’ money overseas to China for various public health research projects, a new report shows.
For example, in a $17 million study, a Chinese researcher from the Chinese Center for Disease Control and Prevention investigated whether 420 prostitutes and 241 of their clients were willing to use “microbicides” (a class of medications that includes nonoxynol-9) during sexual activity in order to combat sexually transmitted diseases. Some of the prostitutes were only 14 years old.
Between 2003 and 2008, the NIH spent more than $17 million funding the study of AIDS and HIV in Kaiyuan County, Yunnan Province, China. According to the Traditional Values Coalition, which dug up these and other grant records, the single published result of this research is an article titled “Microbicide Acceptability and Associated Factors Among Female Sex Workers and Male Clients in Kaiyuan County, Yunnan Province, China.”
Another NIH-funded program spent $3,618,235 in taxpayer money teaching “a cadre of highly trained research scientists” in the Tuberculosis and HIV training in China. The project’s goal was to have those scientists ultimately remain in China and increase their capacity to educate Chinese citizens about public health and epidemics.
In 2009 and 2010, the NIH spent $65,488 and $64,051, respectively, on a grant for someone to write the “first comprehensive and analytical book about public health education and campaigns in twentieth-century China.”
The NIH gave more than $150,000 to a Chinese researcher between 2005 and 2009 to learn more about acupuncture. In both 2005 and 2007, the researcher was paid more than $60,000 to study the craft at Massachusetts General Hospital. In both 2008 and 2009, records show NIH continued funding the research, which was, at that point, taking place in China.
Over the course of the past five years, the NIH has also granted $2 million to a U.S.-based researcher who splits his time between Harvard University and the University of Georgia. The funding supported an attempt to develop a vaccine for Schistosomiasis, a parasite-spread infection that’s increasingly common in China. The Traditional Values Coalition says the disease is easily treated with antibiotics. It also affects water buffalo and snails.
Traditional Values Coalition president Andrea Lafferty said President Obama and Congress should seriously consider cutting NIH behavioral science funding because of examples like this.