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Libertarianism is based in the “Philosophy of Liberty,” the notion that each individual is owner of his or her own life, past, present and future. This flash video of the same title, created by Kerry Pearson, a.k.a. “Lux Lucre,” has gone viral, featured on innumerable Libertarian and free market Websites. The filmmaker, Pearson, was renowned for his ability to explain the complexities of topics through the use of flash videos. Pearson died from complications from diabetes at age 41 leaving behind a body of work supporting freethinking, including right to personal property.
The animated film was developed from the prologue of Ken Schoolland’s The Adventures of Jonathan Gullible: Global Fun With the Dismal Science, a children’s book on economics, government intervention, and free markets that has been published in 45 languages and is used in many schools. Schoolland is an Associate Professor of Economics at Hawaii Pacific University, president of the International Society for Individual Liberty, and a Sam Walton Fellow for Students in Free Enterprise.
The video begins with the principle of self-ownership.
The video goes on to establish the individual’s existence in relationship to time, explaining that every person exists in the past, the present and the future. The future is one’s life, the present is one’s liberty, and the past is represented by the products of one’s life and liberty.
The key to the Philosophy of Liberty:
The right of property ownership is a key ingredient of individual liberty. The ability to freely use your individual property and exchange it, voluntarily, with other individuals, thus gaining something of value from the transaction, is the grist that feeds the mill of freedom.
There are times, however, when a person or group of persons attempt to take property from individuals by force or fraud. When force or fraud is used to confiscate property, it is called theft. Society requires that officials such as legislators and police be selected to help protect against illegal confiscation.
Unfortunately, in the real world, elected leaders, who are after all only human, are often vulnerable to greed and a thirst for power, which can to the theft or confiscation of private property from those being governed. U.S. Congressman Ron Paul, known for his Libertarian ideals, has repeatedly talked about the ill effects of government out of control. As Paul stated in a 2011 NPR interview:
Paul’s comments mirror the Philosophy of Liberty and its reverence for the concept of private property as a cornerstone of its ideas:
Will green lithium technology raise the Bolivian people out of poverty? Or will incompetent government management spoil lithium’s promise?
That idea that liberty is more closely linked to security than it is to freedom from government intervention is still really important in the way we think about liberty today.
“Unlike a bank with a govt-sheltered monopoly, no private bank in a free banking system can attract customers if it makes risky strategies, like holding inadequate reserves or making risky investments...”
PBS Hawaii roundtable: Native Hawaiian leaders share their diverse views on the democratic process, sovereignty.
“The $17 trillion is an almost unimaginable number,” Napolitano says.”It’s almost incomprehensible what that amount of cash would look like. It would fill several football stadiums, even if they were in $100 bills.”
“Economics is a set of eye glasses, and when you put them on you bring the world into sharp relief,” Boettke says.
The way the monetary system works, Connell explains, is the government makes a currency note and says, ‘This is money.’ Just like McDonald’s makes nuggets and says, ‘This is chicken.’ McDonalds is selling “fiat chicken.”
If the government came in and slashed the price of oil or steel, “that actually wouldn’t be doing anybody any favors”—the price is “not communicating the genuine scarcity of that particular commodity, and so the market can’t allocate it properly.”
“When people get at each other’s throats, the rich and the poor, the left and the right, and so on, and you have a basic breakdown, that becomes very threatening…. I worry about social elements.”
Another child explains how she copes when her father doesn’t have money to buy food: “So what I do is just drink some water from the fountain,” she says. “Until my stomach’s full of water.”
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