John Law – 300 years On

By Alasdair Macleod – Re-Blogged From Gold Eagle

Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South Sea bubble, the tulip mania and the Mississippi bubble, published in the mid-nineteenth century.

The most valuable bubble empirically for the purpose of our elucidation has to be the Mississippi bubble, whose central figure was John Law. Law, a Scotsman whose father’s profession was as a goldsmith and banker in Edinburgh, set up an inflation scheme in 1716 to rescue France’s finances. He proposed to the Regent for the infant Louis XIV a scheme that would be based on a new paper currency.

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Democrats Attack ‘Racist’ Declaration of Independence

By Tad Cronn – Re-Blogged From http://constitution.com

Liberals hate the Declaration of Independence. That’s one quirk of the Liberal mentality I’ve encountered repeatedly throughout the years — as much as they despise and subvert the Constitution, they reserve even more bile for the Declaration.

They hate it so much, in fact, that they will manufacture endless excuses for ignoring it, even to the point of flat out denying that it is a legal document, despite its being passed unanimously by Congress, and going even further to denying that the United States existed as a nation until our independence was “granted” — not won, “granted” like a Christmas present — by the British king.

This used to be puzzling to me, but it long ago became clear that what Liberals really objected to was the fact that the Declaration spells out in plain language that government is subservient to the people, and people get their rights — as Conservatives know — from God the Creator. The reason, too, is clear: Liberals have to destroy that principle in order to push forward their worldview and agendas, in which the state is supreme, effectively God, rights come from and can be repealed by government, the individual must serve the collective for the betterment of the state, and certain classes of people are worthier of government largesse and political favor than others.

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