About This Blog

Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.

Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.

In this blog I measure American society against the metrics of property, freedom and peace.

Saturday, August 11, 2012

12 Things You Should Know About Vice Presidential Candidate Joe Biden

After Mitt Romney announced today that Paul Ryan of Wisconsin would be his VP running mate, Think Progress saw fit to publish a list of 12 things we should know about Paul Ryan. Since Maximum Leader Barack Obama has decided that Joe Biden should once again be his running mate in 2012, I thought turnabout is fair play. So, listed below are 12 things you should know about Joe Biden.

1. Biden embraces the extreme philosophy of Jerry Brown. Biden has called Brown, the current governor of California, "the smartest guy in American politics." According to an article in the Huff Post San Francisco, Brown is "a bit of an intellectual:"
Our Yale-bred governor stuffs his bookshelves with the works of academics like Howard Zinn and Noam Chomsky. He spent years studying Buddhism in Japan. "Always look for opportunities to mentor and be mentored," he once told his campaign staff. (Full disclosure: The author of this post was once a member of said staff.)
Learn more about Biden's muse:
2. Biden wants to raise taxes...period. According to Money News:
Americans don't pay enough in taxes and need to pay more for the good of the country's fiscal health, said Jared Bernstein, former chief economic adviser to Vice President Joe Biden and a senior fellow at the Center for Budget and Policy Priorities. Congressional Budget Office data show that U.S. households pay less taxes now than they did 30 years ago. In 1979, the typical household paid 19 percent of their income in federal taxes, while the rate for a typical household today is 11 percent, Bernstein wrote in a Financial Times opinion piece.
I have it on good authority that Biden agrees with Bernstein. In any case, this is what Biden had to say on ABC's Good Morning America: "It's time to be patriotic, time to jump in, time to be part of the deal, time to help get America out of the rut." Furthermore, Biden "called the manager of a custard shop outside of Milwaukee, Wis., a 'smart ass' after the man asked him to lower taxes." In Pittsburgh, Biden was booed for just showing up in town.
3. Biden wants to change Medicare, to what no one knows. According to the LA Times:
Biden said "budget talks with congressional leaders had identified at least $1 trillion in possible federal spending reductions... ...Biden also said Tuesday that new revenue must be part of any deal... ...He added that changes to 'big ticket' programs, including Medicare and Medicaid would be needed too."
4. Biden thinks Social Security is NOT a “ponzi scheme.” According to The Hill, "Biden criticized Texas Governor Rick Perry's labeling of Social Security as a 'Ponzi scheme.'" Biden then offered the definitive argument as to why it is not:
"He [Perry] should go back and find out who Ponzi was," Biden said in an interview to air on CNN Monday night. "It was an individual in a different deal, but no it's not a Ponzi scheme. It is secure through 2036 and to fix is not hard."
5. Biden thinks passing a $477 billion job's bill will keep Americans from raping and murdering each other. According to Fox News:
Vice President Biden is stepping up his argument that rapes and murders could increase if Congress does not pass President Obama’s $447 billion jobs bill – evoking sexual and violent imagery in his sales pitch for the second time in a week.
6. Biden admits Pell Grants increase college tuition. According to Real Clear Politics:
Vice President Joe Biden admits that the government intervening with the free market and providing subsidies for students to attend college have contributed to the increase in college tuition. "By the way, government subsidies have impacted upon rising tuition costs. It's a conundrum here," Biden said to a student who asked about the government's intervention in the free market system.
7. Biden says clean-energy initiatives create jobs; his former adviser says they don't. According to Bloomberg:
President Barack Obama’s clean- energy initiatives will help create more than 700,000 jobs and allow the U.S. to double its renewable-power generation in three years, according to a report by Vice President Joe Biden.
According to The Washington Free Beacon:
A former top economic adviser to Vice President Joe Biden admitted that the clean energy firms that have received billions of stimulus dollars will not create many long term jobs.
8. Biden and sons have received consulting fees and political contributions from credit card giant MBNA Corp and SimmonsCooper, an Illinois law firm. According to the Washington Post:
The [LA] Times reports that the firm [SimmonsCooper] promised to finance a hedge fund deal for Biden's son, Hunter, and brother, James (which ultimately fell through); picked the law firm of another son, Beau, to work on dozens of asbestos cases in Delaware; and that SimmonsCoopers employees donated about $200,000 to Biden's campaign efforts since 2001, making the company his top donor.
-- Hunter Biden received consulting fees from MBNA Corp. over a four-year stretch to work on online banking issues, as his father helped the credit card industry push through a law that made it harder for consumers to file for bankruptcy protection, The New York Times has reported.
9. Biden is racist. According to Newsday:
In July 2006, Biden, then a senator contemplating a White House bid, spoke a little loosely in an interview on C-SPAN."In Delaware, the largest growth in population is Indian-Americans moving from India," he said. "You cannot go to a 7-Eleven or a Dunkin' Donuts unless you have a slight Indian accent." "I'm not joking," he added for emphasis.
10. Biden wants to give $200 million in foreign aid to Iran. According to the New Republic:
"At the Tuesday-morning meeting with committee staffers, Biden launches into a stream-of-consciousness monologue about what his committee should be doing, before he finally admits the obvious: 'I'm groping here.' Then he hits on an idea: America needs to show the Arab world that we're not bent on its destruction. 'Seems to me this would be a good time to send, no strings attached, a check for $200 million to Iran,' Biden declares. He surveys the table with raised eyebrows, a How do ya like that? look on his face.
11. Despite hundreds of American troops who have lost their lives in Afghanistan battling the Taliban over the past four years, Biden says the Taliban is not our enemy. According to an interview with Leslie Gelb:
"Look, the Taliban per se is not our enemy," he began. The key words in the sentence, which many critics ignored, were "per se" -- meaning that the United States was in Afghanistan to fight al-Qaida, not necessarily the group that was harboring it on 9/11 and continues to kill American troops. (In the words of White House spokesman Jay Carney, "It's only regrettable when taken out of context.") But then, in true Biden fashion, he went a bit too far, adding, "There is not a single statement that the president has ever made in any of our policy assertions that the Taliban is our enemy because it threatens U.S. interests."
According to Newsday, Biden's comment was...
...hard to square with the speech Obama gave in March 2009 outlining his new strategy for Afghanistan and Pakistan, in which he used the word "enemy" or "enemies" six times, and made little distinction between al-Qaida and the Taliban.
12. Biden condones mandatory abortions and forced sterilization of women. While in China, Biden gave a speech addressing "social and budgetary challenges faced by the U.S. and China in the wake of respective population booms." Biden in his typical, lucid style explained the US position perfectly, telling his Chinese audience, according to ABC News:
“Your policy has been one which I fully understand — I’m not second-guessing — of one child per family.”
ABC News added to its report the following trenchant fact:
The Chinese government enforces its one-child policy with fines, mandatory abortions and forced sterilizations of women who are found to have violated the law.

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