28 Apr 2014

Ralph Raico on Liberalism

Libertarianism, Politics 4 Comments

With all the talk of liberalism lately (spurred by Kevin Frei and Dan Klein’s project) I thought it relevant to post a standard topic that historian Ralph Raico would give at Mises University. I don’t know if he’ll say it in this version, but I know I’ve heard him say he doesn’t even like to use the qualifier “classical.” When he uses the term “liberalism,” Raico means what Ludwig von Mises meant when he wrote a whole book on it.

(NOTE: If anybody cares, I didn’t sign the statement. I agree with the sentiment behind it, but I’m not sure the strategy makes sense.)

4 Responses to “Ralph Raico on Liberalism”

  1. marris says:

    God bless Professor Raico and his sonorous voice. His lectures are wonderful!

  2. Josiah says:

    The meaning of words change over time as part of an emergent order. “Computer” used to refer to a person who did computations, for example. If someone today were to insist on using the original definition of “computer” and objected whenever someone used the word in its contemporary sense, that would be odd.

  3. theyenguy says:

    Economics is defined as the life experience between a person and another, a corporation, and the state, that is government; either it be ethical or pathological; economics is the trust and flow that comes from sovereignty, and the model that best presents economics is the Dispensation Economics Manifest.

    An economy is defined as the life experience that comes from the administration of the credit and trade that comes from a household or stronghold. An economy exists for life and death experience, and is determined by the prevailing interest rate of the monetary regime and its monetary policies and schemes.

    All be economists, as the field of economics is not restricted to NYT pundit Paul Krugman, or to ivory tower academicians, such as Oxford’s Simon Wren-Lewis, or Free Market proponent Robert P. Murphy.

    Liberalism means freedom from the state.

    There has been a paradigm shift. Casino Capitalism, also known as money manger capitalism, is over, through, finished and done; the banker regime of democratic nation states is being replaced with the beast regime of regional governance and totalitarian collectivism, seen in Revelation 13:1-4, as on October 23, 2013, Jesus Christ opened the first seal of the scroll of end time events, seen in Revelation 6:1-2, releasing the Rider on the White Horse, who has the Bow of Economic Sovereignty, to effect global coup d’etat, to replace fiat money with diktat money, as the bond vigilantes began calling the Interest Rate on the US Ten Year Note, ^TNX, from 2.48%, and thus pivoted the world from the paradigm of liberalism, meaning freedom from the state, into that of authoritarianism. Diktat money is defined as the mandates of regional fascist leaders ,which establish debt servitude for the purpose of regional security, stability and sustainability.

    Liberalism featured the sovereignty of democratic nation states which provided policies of investment choice and schemes of credit, producing seigniorage in equity investments and credit investments. But now with the failure of credit, seen in China, Russia, and the US Small Caps trading lower, and commodities trading lower being the tipping point, authoritarianism is the new normal, and features the sovereignty of regional governance which provides policies of diktat and schemes of debt servitude in regional fascism, where the debt serf is the centerpiece of economic activity, as the investor is going extinct.

    The age of credit no more. With the failure of credit, seen in China, YAO, ECNS, CHIX, Russia, RSX, ERUS, Emerging Europe, ESR, the US Small Caps, IWM, IWC, Credit Providers, MA, V, DFS, AXP, and Commodities, DBC, trading lower, authoritarianism is the new paradigm, which features the age of debt servitude.

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