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Facebook Co-Founder Eduardo Saverin Renounces US Citizenship — How very Atlas Shrugged of him


Eduardo Saverin: "Who is John Galt?"

Eduardo Saverin, known by most of us as the former CFO of Facebook portrayed in the movie The Social Network, renounced his citizenship right before the public offering of Facebook and now lives in Singapore.


It's typical for people to find this as an ungrateful or unpatriotic act. This roots from the concept that all taxes are good or that taxation is the best way of helping the poor and, if Eduardo Saverin stays in the US and pays taxes, he will be able to "give back" to society.

It's really quite easy to show how coercive taxation can be especially for such a big and powerful State like the US. If he didn't move, for example, regardless of his own personal position on foreign policy, millions of his justly earned money (granted that he did not steal or commit fraud to earn) will be used to fund the never-ending wars and interventionist foreign policy all over the world. That's coercion if they use your money for war even when you are against war.

If not the wars, it'll go to bankers or the CEOs of companies by means of bailouts. Even this is justified by the statist ideology that government has to step in or else thousands of jobs will be lost and that there will be chaos. Such a moral hazard when society deems people like Saverin who earned justly acquired profit as evil and justify bailouts that give a bunch of crony CEOs taxpayer's coerced hard-earned income.

And if the wars or the bailouts aren't enough (I love using those as examples because I know most social liberals, as opposed to classical liberals, hate war and bailouts and attribute them to capitalism when really both are statist concepts), his money will end up subsidizing the "welfare" of the unemployed and therefore incentivizes "freeloader" behavior. What kind of society punishes the productive and honest earners and at the same time rewards the lazy? In the market, innovation, skill, talent, and hard work is rewarded and not the other way around.

It's coercion if a system rewards the lazy and punishes those who work and justly acquires wealth. It doesn't matter if "he just got lucky" or didn't really help out with with the creation of Facebook. It's probably the same reason why he now only owns 4% of the company. It doesn't mean that you will take away his right to renounce the State. Imagine taking away the rights of lottery winners from migrating or expatriation. It is in the root of the social contract that you have the right to renounce your government.

If not for high and unnecessary taxes, he would have stayed and invested in the US and his money would have benefitted society anyway. He would create businesses and create more jobs and opportunities or maybe invest in start-ups or the businesses of others. The problem is that a society with so many red tapes, regulations, and high taxes will always discourage investment and job creation. 

Even if he decides to just squander all his money, society would still have benefitted. For example, if he wastes all his money on sports cars and clubbing, for instance, the wealth is voluntarily shared to car dealerships, clubs, alcohol companies, and many others. Paychecks are signed, products are traded and consumed, jobs are created, all in spite of the lavish lifestyle of the bourgeoisie or the "greedy capitalist pig".

In Singapore, there is no capital gains tax which is supposedly the main reason why Saverin is migrating, something that most people believe will trickle down democratic society if ever abolished (when really it is unnecessary tax and legalized theft) as if roads will stop being created and progress will be at halt. 

Migration as Indicator of Freedom: Singapore and the future of the Philippines

I remember this video I watched of Milton Friedman where he likened migration to "people voting with their feet". He told the story of thousands of migrants flocking from China to Hong Kong and not the other way around. It is quite democratic also because Hong Kong's borders were free and open. Since the days of Exodus, people have walked thousands of miles to look for freedom and opportunity. 

This reminds me of the time that video of Winnie Monsod's video that portrayed doctors who leave as traitors. I just can't agree. I believe that the State is the real traitor for not giving them the same opportunities here. If anything, these emigrants who contribute to the "brain drain" also contribute to the economy and wealth creation here. I have so many relatives who now live abroad who are able to help their families and friends here financially. What they can do instead is earn abroad and invest here. But even investment here is so discouraging. I should probably discuss brain drain and protectionism on another post so I won't stray away from the real issue at hand.

Hong Kong and Singapore are currently two of the freest economies in the world (source). Two small pieces of land with very little natural resources have become the most prosperous, peaceful, and secure nations in the world. Both have very minimal taxes and are very pro market and free trade.  I have made the case for Singapore before (see The Singapore Argument). And for those who believe society will collapse and roads will never be built if we abolish certain taxes or minimize government, you should surely check out Gurgaon city in India where a free and prosperous community was created even without the government (see Gurgaon city, India - progress where there is absence of government).

I brought up those things because I believe those are real-life tested economic models we should be following. Maybe create charter cities in every region as I suggested in one of my posts (see Paul Romer talks about Charter Cities). I have always said that we have so much unused space and so many islands that are all potentially future Hong Kongs are Singapore of this country.

Just take Eduardo Saverin as an example. He decided to move to Singapore, a small neighboring country, again with no natural resources or beautiful tourist attractions like ours. We should be more inviting to people like Saverin. We should show investors that our policies will not be a burden to them so that they will come here and invest their wealth in our country.

See Also: Atlas Shrugged Movie Review

Date Published: May 25, 2012 - 10:20 pm



Ron Paul Wins Nevada — racks up 22 delegates versus Romney's 6


It's quite rare to see Ron Paul headlining the frontpage of any newspaper. Although I believe it's something we need to get used to in the coming weeks until the convention in Tampa on August (if you're not sure how the whole nomination process in the US elections work, see video below).

Ron Paul headlines Las Vegas Review-Journal frontpage

If you followed my Twitter at the time, you would have noticed I was following the Nevada caucuses very closely. You see, I had a bet with my father. Like many, his prediction was that Romney was going to win. At the time, I was very confident knowing that Ron Paul did surprisingly well in this state back in 2008. With a much stronger and growing organization this year, many Ron Paul supporters were predicting that this will be the first straw poll win. But you see, that's all it was — a non-biding straw poll. And you know what really matters? That's right — delegates!

The next morning after the caucuses, as the results were being counted, the trend was that Ron Paul was on a close third place next to Newt and, yes, Romney was in first. I knew I'll never hear the end of it. My father claimed precognition and seemingly justified his position that I am supporting an unelectable candidate.

Redemption loomed as the image above appeared on my Facebook feed. And it's more surprising because it's on the frontpage of a local newspaper in Las Vegas. I've always attributed people's support for Romney or any other establishment candidate as a lack of information coming from social media (see Why is Ron Paul Attracting Young Voters?). In the long run, the mainstream media will no longer be able to deny Ron Paul's presence especially now that he's been collecting more and more delegates and will surely be a strong force in the Republican National Convention (see my Predictions for the 2012 Republican National Convention in Tampa).

I am quite pissed that the YouTube channel "RonPaul2008DotCom" was taken down due to IPR claims (see YouTube and IPR). Many of the videos I've posted here came from that channel and now I'm quite lazy to replace them all one by one by other videos that haven't been taken down from YouTube. I do apologize if many of the videos on this blog are temporarily unavailable.

I've been trying to write about local issues recently (see my take on Spratlys or my take on anti lady gaga protesters) so that this blog won't just seem like Ron Paul fan blog but  I did mention that this might be a bit unavoidable especially as the convention in Tampa gets nearer and nearer.

Delegates? Caucuses? Primaries? How do they all work?

Okay, so you're probably really confused with the whole nomination process in the US elections. Don't worry, there was a time when I didn't understand anything either. Here's a really good video explaining the whole nomination process:


Now that you've learned how it all works, let me emphasize again that Ron Paul has been getting a lot of delegates and now has a sure spot in the Republican National Convention that will be held in Tampa, Florida on August.
Date Published: May 21, 2012 - 10:53 pm



An Appeal to Anti Lady Gaga Concert Protesters in Manila


Certain religious groups have decided to protest against the Lady Gaga concert in Manila. Several of our politicians also expressed the same sentiment. (source)

Anti-Lady Gaga Concert Protest

These people, of course, are exercising their freedom of assembly, freedom of speech, and, to a certain extent, their freedom to practice the religion of their choice. My concern is that they are protesting against extending these freedoms to others. Keep in mind, our liberty ends where the liberties of others begin. As that famous quote goes: I may not agree with what you are saying but I defend to the death your right to say it. They can peacefully protest all they want in the proper venues but they can never ask the government to take away the same freedoms they are exercising from others.

I'm personally not a fan at all of Lady Gaga but I definitely wouldn't want those who enjoy her music to be deprived of the right to watch her live. This is all voluntary after all. No one is pointing a gun at anyone and forcing them to go to the concert. If the protesters really deem this concert as immoral then they don't have to go. For minors, it's surely a parenting issue and not a State issue. These protesters have every right to be a restrictive parent, perhaps heavily regulate their kids' internet and other media usage or something to prevent them from being influenced by Gaga but they have no right to impose this kind of parenting on others.

This Filipina kid went viral and got featured in the show Ellen

Plus, it is quite a petty issue. If anything, the Lady Gaga concert in Manila or any other concert for that matter will create jobs and be good for our economy. It will also show that our country is safe to be visited by tourists. It's just my opinion that the protesters might have a better use of their time or so many other issues to advocate or protest about.

I was actually at the Lamb of God concert here in Manila a few years ago, something you'd think would be an instant target of protest from social conservatives. Much to their dismay, I don't worship satan or engage in violent activity in spite of my liking for the loud music of Lamb of God. I just appreciate the skill and talent in their music. My theory, had they known about the Lamb of God concert, I'm sure they would have protested as well and they would have wanted me to be deprived of my peaceful and non-violent right to watch the concert.

The social conservatives will always be there and they will always have this war on the "immorality" of music they don't like. Just look at how there are kids on the photo of the protests. They will surely grow up and raise kids of their own and pass on this indoctrination that only certain groups should be able to exercise certain freedoms, especially groups that agree with their own personal beliefs. Again, I emphasize that I respect their right to assemble and speak out their voice for as long as they are not hurting anyone or destroying property in the same manner that I respect the rights of those who want to assemble and voluntarily watch Lady Gaga.

I'm just really scared of the involvement of our politicians and lawmakers. I fear that this kind of social conservative mentality will lead to censorship, regulation of the internet (something most of us fear as expressed by the world when threatened with SOPA), a big and restrictive government, and further degradation of our civil liberties.


1. Defending the Undefendable by Walter Block
2. Liberal vs Conservative vs Libertarian
3. Stay the Hell Away from My Internet
Date Published: May 20, 2012 - 1:02 am


My Two Cents on Spratly Islands Conflict


What lessons can we learn from the 2008 Georgia-Russia Conflict when the US did not help Georgia? 

Have you seen the movie 5 Days of War?


The movie depicts the 2008 conflict between Russia and Georgia. It's actually very recent and if not for this film, I would never have been able to learn about this conflict. At the time, while the media was busy covering the olympics in China, thousands were killed or displaced in a war that lasted for only five days. Unarmed civilians, even children, were executed. And one of the main causes of the war is territorial dispute between states — a similar problem we now have with China.

Of course, the film is sponsored by the State of Georgia and we can't really be sure if it's entirely factual. The international community is divided; some side with Georgia while some with Russia. The truth is, no one really has proof on who started what. An independent report commissioned by the European Union states that Georgia started the attack (source). Even the Human Rights Watch and BBC (source) take a similar position (something very opposite of what's shown on the film). Of course, these reports came out long after the war occurred.

Although this obviously begs the question of why Georgia, no matter how heavily armed they are, would start a war against Russia's superior arsenal and international influence. It's like what they say: history is written by the victors. We can never really be sure of what exactly happened to spark the 5 days of war. And obviously Georgia is the underdog.

The same could happen between us and China. We might just be at the murky beginnings of a war where the innocent will die and no one will really win. One unordered misfire that will hit either side could cause an unwanted war. It doesn't even have to be from either side. Terrorists, rebel groups, and even  arms dealers could easily take advantage of the situation. And, again, the only victims would be the unarmed individuals and families who have no vested interest in this conflict. 

And in the case of an armed conflict, will our defense treaty with the US really stand or could they easily shrug it off with technicalities being that they would never want armed conflict with China? I have mentioned in a previous post that the world is losing faith in the dollar. When they are already trillions in debt to China, would they really engage in an armed conflict? Perhaps this is the main reason why I am comparing the Spratly Islands dispute to the  2008 Georgia-Russia conflict because when they needed help from the US, they didn't get any.

And Georgia is a country that sent troops, their own young men and women, to Iraq to help the US with their neocon agenda of looking for supposed weapons of mass destruction. This is all, of course, in the hopes that one day there would be a payback. This was all to preserve their strong ties with the US knowing well that Russia has territorial dispute with them and that there was a threat of war.

During the conflict, then president George W. Bush sent a statement to Russia saying "Bullying and intimidation are not acceptable ways to conduct foreign policy in the 21st century."  It's basically like sending an email that he doesn't agree with what Russia is doing. The Bush administration considered a military response to help defend Georgia but in the end concluded that they can't risk inevitable conflict with Russia (source). All they were able to do was send humanitarian supplies. In the end, George didn't help Georgia.

Of course, we gain confidence because of the defense treaty we have with Big Brother but, again, will Big Brother really risk conflict with China? I'd even like to think that China itself won't risk an armed conflict with us but many assumed the same about both Russia and Georgia not being capable of a first-strike before 2008.

It was assumed that in a world that has witnessed two world wars and has created the United Nations (the same big government coalition that created UNCLOS which strengthens the Philippine State's claim to the said islands), you'd think we've had enough of the violence of war and that we now live in a world of peaceful trade and diplomacy.

Nowadays, after an armed conflict, all politicians have to do is stand behind a podium in front of cameras and say that they condemn war crimes and the rest, as they say, is history. War is a messy business where justice is never served. All is not fair in love and war. We cannot afford an armed conflict with China on not just economical but also moral grounds in spite of how confident we are with our defense treaty with the US.

I am reminded of a story a professor once told me about two brothers who inherited a farmland (I'm not sure what the title is). Right before their father died, he told the two brothers that there is hidden treasure in the farmland. The two decide to divide the land equally in half. One brother, greedy for treasure, spent all his time and resources on digging and looking for the treasure. The other spent all his time on planting and cultivating different kinds of flowers. The first brother ended up bankrupt with nothing but a lot full of empty holes. The other brother became the owner of one of the most successful flower store chain in the country and became really rich.

My two cents, let's let go of this petty dispute. Let China dig for treasure, for oil; let them be the first brother in the story who ended up with nothing. We don't need oil to be prosperous. In the documentary Free to Choose, Milton Friedman explains in the beginning that Hong Kong is basically just a piece of rock with no natural resources and yet it became very prosperous because of free trade and limited government. The same can be said about Singapore (a case I've already made in my article The Singapore Argument). Can we not be prosperous without oil?

I actually just came from a beach trip in Bicol and every time I go around the country, I always notice that there's so much unused space. In fact, we already have 7,000+ islands that we have not utilized. Adding a few more won't make a difference unless we change our policies and rethink the role of government. Decentralize power from Imperial Manila and empower the markets of provinces; real peace and prosperity is in civil liberties and economic freedom not in pieces of land that might or might not have oil (that we don't even have the technology to utilize and will most likely just end up with foreign investors with the biggest bribe or crony corporations).

Again, this is just my two cents. I have discussed in my articles about Top Gear's Middle East Special and Conflict Kitchen that foreign policy is very complex and I'm not really sure exactly on what should be done that will result in the least damage or harm. One thing is for sure though: violence and armed conflict is not a solution.

We have been trading with the Chinese since the dawn of civilization. We have thousands of Filipino loved ones working in China as OFWs. Many of the job creators and entrepreneurs here, from smalltime to conglomerates, are Chinese. This laptop I'm using right now was made in Shenzhen. Malaysia, Vietnam, and Brunei also asserts their claim in the islands. Now whether you agree or not with my proposed solutions, I hope we can agree that we must not engage in an armed conflict with China.

Date Published: May 13, 2012 - 12:11 am


Ron Paul Supporters are All Over the World


Here's a video of Ron Paul supporters in Spain rallying last March in Madrid. It really goes to show that Ron Paul supporters are all over the world and his campaign for liberty transcends US borders.

Ron Paul supporters from Spain

It's interesting that the question of why I am so passionately supportive of Ron Paul was brought up recently. At first glance, I understand that it seems irrelevant. What would be the relevance of a statesman in the US to someone halfway around the world who is not even part of their electoral system? I'm sure they're asking the same question about those people in Madrid on the video above who went out of their way to organize and exercise their freedom of assembly and freedom of speech to voice out their support for Ron Paul. 

I have laid out the reasons in my article Why Do I Support Ron Paul and What Relevance Does He Have to Filipinos. I've learned though that people don't like reading long, overly passionate, and unintentionally dogmatic articles. I'm thinking of writing a new article and laying out the reasons to support Ron Paul and his platform in bullet form to make it simpler and easier to absorb.

economicsinonelesson
Economics in One Lesson by Henry Hazlitt

I did decide yesterday to reacquaint myself with Henry Hazlitt's Economics in One Lesson (pdf available for free here) being that, since there are very few Ron Paul supporters or libertarians here in the Philippines, I feel that I have somehow been tasked or that it is a grave responsibility of mine to defend libertarian political positions in casual debates and somehow change people's opinions or at least change the direction of the conversation.

It is dangerous to engage in debate, I realized. With one wrong word or faulty historical reference, I may actually just misrepresent libertarianism and counterproductively worsen people's opinion of the philosophy I have learned to love.

This is, after all, one of the books that converted Dr. Walter Block into libertarianism and somewhat a good summary of what economic freedom is really all about and why the status quo of economic interventionism is flawed. And all that is stated in a very easy to absorb manner, not too technical, and is exactly the right tool I need so that I won't fail miserably when trying to challenge statist mentality.

I was, in fact, like most libertarians I know, radically left-leaning in the past. I did read a lot of Marx and other socialist material. Dr. Walter Block himself explained that this is normal for those who are young and compassionate. It is so easy to be swayed by the proposed solutions of the left. It is rooted mostly on the emotional, on things that are apparent (and it's quite fitting that the first part of Henry Hazlitt's book explain the broken window fallacy: that which is seen and that which is not seen).

Libertarians do not agree on everything. Unfortunately, the things we may agree on are the most unpopular of positions. We propose a bitter medicine that many will refuse to swallow. Imagine how I'd have to say that Noble-prize winners like Paul Krugman and thousands of people with PhDs on economics are wrong. And who am I to say that, right? I have no credibility whatsoever in this field. I'm just some blogger who happened to stumble upon Ron Paul. And this really makes it a thousand times harder for me to argue for the libertarian position. 

And that's just the economic aspect of it all. When it comes to the social justice discussions, I'm most definitely screwed. As I have said before, libertarian positions can easily be deemed as the "anti-poor" or the "selfish" position. A case I tried to argue against in my article about Why Jefrey Sachs is Mistaken About Libertarianism. I actually got engaged in a casual debate recently about the bailouts , the housing bubble, and the recession and I was pretty sure going against government intervention and "regulation" sounds ridiculously bad. In fact, too much government involvement caused the housing bubble and the recession. Actually, when Ron Paul and other free marketers were warning people of the housing bubble and the recession no one listened: 

Ron Paul predicts the housing bubble years before it happens 

Peter Schiff (economic adviser to Ron Paul's 2008 presidential campaign) predicts recession and no one listened to him

So in a world where you are against Noble-prize winners, PhD degree holders, general public opinion,  and the status quo, what sort of hope is there for you? When you have proof like the videos above that  are opposite of what's reported in documentaries and by so-called experts about the recession yet somehow people still refuse to believe it, how do you respond?   

The pen is mightier than the sword, they say. My only hope is that somehow my writings and the videos I share on this blog will, even in a small way, make people curious about Ron Paul and libertarianism. Hopefully, you, my dear reader, get to see that maybe there is so much more about this political philosophy and that it is in the interest of a prosperous, peaceful, and free society.


Help support this blog by checking out these other helpful links:
1. My list of Top 10 Libertarian Books 
2. Why did FOX News Cancel Freedom Watch?
3. Why is the internet slow in the Philippines?
Date Published: May 06, 2012 - 4:07 am


Ron Paul Wins Iowa and Minnesota — my Predictions for the 2012 Republican National Convention in Tampa


The establishment and mainstream media has dubbed him the "unelectable" candidate. He didn't even get to win any state during the straw polls. But you see, the process is not about the straw polls but about the delegates that will be going to the Republican National Convention in Tampa, Florida come August. And guess what, it seems the unelectable candidate has been winning a competitive amount of delegate slots. 

It's either first place or a tie for Iowa or Minnesota

Iowa's straw polls have always been important because it has usually been first of all caucuses and at the same time there has been a trend of the winners of landing the White House for candidates like Reagan, Clinton, W. Bush, and more recently Barack Obama. But you see, for most states, delegates are not bound to vote for whoever won the straw polls and this is exactly why the establishment is threatened — Ron Paul, as reported on the video above, will either have a tie or be first place for the numbers of delegates coming from Iowa.

FOX News admits it's "inevitable" for Ron Paul to be part of the ballot in Tampa

As you can see, the media pundits, these same people who have been calling Ron Paul unelectable and ignoring his campaign have no choice but to recognize the fact that he will be on the ballot. I am not saying he is going to be the nominee but there's one thing I can tell you about Ron Paul supporters, as written on the quote above on this blog: "You can quote them; disagree with them; glorify or vilify them. About the only thing you can't do is ignore them." Eventually, the mainstream media will no longer be able to ignore Ron Paul.

Ron Paul rallies not covered by the mainstream media

I have pointed out before that the supposed front runner Romney has a habit of not being able to fill a room and talking to empty chairs and yet still gets the attention of the mainstream media whereas Ron Paul gets thousands in his rallies, gets the highest donations from those in active military duty of all candidates combined, and yet is the one least talked about.

My Predictions: 

Come August, Ron Paul's delegates will go to Tampa and they will not come alone. Ron Paul's supporters will come from all over the US and outside screaming and chanting "Ron Paul" or "End the Fed" or "President Paul" at the top of their lungs. 

The GOP establishment will try every thing in their power, just as they've been doing, to find technicalities and power so they can prevent Ron Paul's delegates and his supporters from joining the convention and it won't be a conspiracy theory but will be even more blatant than back in 2008. 

They will hire so-called "experts" to talk on mainstream media to misrepresent and misinterpret libertarianism and Ron Paul's platform. The majority will believe them. The only true reports of what's going on will be on alternative and social media and yet most Americans, especially the older generation who's not exposed to social media, will remain apathetic and attached to the Democrat/Republican establishment.

Romney will emerge victorious as the nominee but come November for the elections, because W. Bush has completely destroyed the reputation of the Republican establishment, Obama will win as president of the United States. Nothing will change in spite of Obama's "change we can believe in" rhetoric. The same foreign policy, the same economic and monetary policies, the same degradation of civil liberties.

"Let it not be said the we did nothing"


Other Related Posts:
1. Why do I support Ron Paul?
2. Why is Jeffrey Sachs Mistaken About Libertarianism and Ron Paul?
3. Why is Ron Paul Attracting Young Voters?
Date Published: Apr 26, 2012 - 11:11 am


The World is Losing Faith in the Dollar


As an inevitable consequence of US foreign policy and monetary policy, the world is finally losing faith in the dollar.


Brazil, Russia, India, China, and South Africa during the BRICS Summit have decided to discuss letting go of the dollar as the world's reserve currency. It's interesting that the two likely opponents for the 2012 US presidential elections are not even talking about changing foreign policy or monetary policy — the two direct causes of the debasement of their currency.
"There is no instance of a nation benefiting from prolonged warfare." - Sun Tzu, The Art of War
When the US has to borrow money from China just to sustain their empire-building and endless wars, it is not surprising for China to start losing faith in the dollar, along with the other highly developing countries that are members of the BRICS summit. The US has spent hundreds of billions on their endless wars, or their empire-building, on their embassy in Iraq that's bigger than the Vatican, something that is just economically doomed to fail. The US is broke and a while back they even had to raise their debt ceiling and lead to the downgrading of the dollar. Regardless of the arguments for their policing of the world, they just can't afford it anymore.

And then there's the Federal Reserve, responsible for devaluing the dollar since 1913, who keeps giving their buddies billions of dollars in bailouts. Their ability to print money at will is basically theft from the income of hardworking individuals because the dollar gets debased. Actually, those who advocate the Austrian School of Economics have been predicting this for a long time. Ron Paul has been warning his colleagues in congress about this for 30 years and no one ever listened to him. Also, this form of central banking also funds the foreign policy and policing of the world.


I'm actually getting paid by Google again on the 25th (yes I do get paid just for blogging my thoughts). I am directly affected by this, obviously. In spite of the increase in my revenue, the purchasing power of what I earned did not increase. And it's not just me. Think of all the remittances from our OFWs that are getting devalued as well. And being that the dollar is the "world's reserve currency", they have a direct effect on the currencies and monetary policies of the whole world.

It's only sensible for these 5 countries to lose their faith in the dollar. It's weird though that they want to replace it with some sort of new bank that will just be printing money again and will have as much potential to be corrupt just as the Federal Reserve. They are critical of the IMF or the World Bank and yet their solution is to just create their own IMF or World Bank.

Inevitably, the world will one day realize that this kind of monetary policy is ridiculous and immoral. We need to take out the State's monopoly on money and allow competition and let the market decide what truly has value.

This is a good thing, I guess. Maybe it will make the US wake up and rethink their monetary and foreign policies.


@harryinitiative
Date Published: Apr 19, 2012 - 6:44 am


Does Obama Care More About Winning the Elections than Peaceful Treaties on Nuclear Weapons?


Obama doesn't know that the microphone is still on and says something very revealing to Russian president Dmitry Medvedev.

Obama talking to Medvedev

"After my election I have more flexibility," he says. This means that, even when he thinks that there are better policies that can make the world more peaceful and safer, he can't really advocate some of them because  his elections are coming up. It does imply that he cares a lot more about winning the elections and he will do whatever his campaign team tells him rather than advocate principles he believes in. This is very dangerous and sadly this is how politicians always act. They'd rather bend principles for as long as it allows them to stay in power.

Medvedev then replies with "...I transmit this information to Vladimir [Putin], and I stand with you." which sounds so much like a line you'll hear from a spy movie haha (I really can't get over this because I love spy films). 

Romney's Reaction to Obama's Open Mic Incident

And now here comes Romney, the GOP establishment favorite "front-runner" who says "[Russia is] without question our number one geopolitical foe" which I really just don't understand. In a modern world that has seen too much unjust wars and genocide, in a world now aware of diplomacy and trade, why would you say something like that with someone you are currently peacefully trading with. What makes them the number one foe? Who's number two? I'd love to see the list of his hierarchy of foes. Is Iran number two? Maybe Venezuela who recently had alliance treaties with Iran? I just don't understand what he means.

And criticizing Obama for decreasing missile silos in random unnecessary countries they have no sovereignty over is quite contradictory for someone who hates other countries for having missile silos and nuclear weapons. Aside from reducing hostility, I believe reducing missile sites are also very helpful to there economy because they are in so much debt and they just can't afford managing this empire and the policing of the world anymore.

What's interesting though is that both Obama's (source: http://bit.ly/brOUKc) and Romney's (source: http://bit.ly/nt1pQF) top contributor is Goldman Sachs (one of the biggest beneficiaries of the billion dollar bailouts). And all the other banks and corporations that were bailed out? Name them and they'll surely be funding both the Democrat and Republican nominee for the 2012 presidential elections. And this isn't some conspiracy theory. They're actually quite transparent about where they get their contributions. So I guess sometimes transparency isn't enough to show people how blatant these lobbyists are able to affect domestic and foreign policy. 

You didn't wonder why Obama kept most of Bush's economic policies and even the heads of Treasury department and the infamous chairman of the Federal Reserve? Again, it's not a conspiracy, all of these individuals can be easily linked to Goldman Sachs and other big lobbyist corporations.

And that one guy I've been talking about who's been battling this kind of politics for 30 years, regardless if they laugh at him in national television, regardless of the marginalization and ignorance of the media and the establishment, regardless of his untainted voting record in congress even when at times he would vote alone or only with a few against the whole congress, Ron Paul, the only one who's really different among all candidates: it's as if the Americans don't want him. I've written several times on this 30 years of consistent principled integrity and if you are too lazy to read them then I just wish that you'd at least check out the videos I have posted about him.

Policies are not decided by voters. In fact, voting is an illusion for both candidates will be funded by the lobbyists anyway. And how about Ron Paul? Where does he get his campaign funds? He gets it first and foremost from grassroots donations and surprisingly, since he supposedly has the "unpopular" foreign policy, he gets the biggest donations from active duty military personnel more than all three other candidates combined.


Other related posts:
1. Why is Ron Paul Attracting Young Voters
2. Why Do I Support Ron Paul?
3. Why is Jeffrey Sachs Mistaken About Ron Paul?
Date Published: Apr 03, 2012 - 3:14 pm


YouTube and IPR (Intellectual Property Rights) — How we're living in a remixed world


In this TED talk, Margaret Stewart, YouTube's head of User Experience, talks about how they deal with copyright issues by partnering with those who have a claim on intellectual property and, through a complex algorithm of locating possible matches, these partners are given the discretion if they'll allow the video to be posted or not. 


Yesterday, I was reminded of one of my most favorite videos ever on YouTube which is the remix of Jack Sparrow's infamous "Why is the rum gone?" line in Pirates of the Caribbean. It's what we nowdays refer to as a "mash-up" where different content are used to create something new. It does take a lot of skill and effort to create a mash-up like this. It is very inventive and innovative and not just anyone can do something like this. Although he used content from big businesses like Walt Disney and others, I assert that the video is something he can call his own.


A friend of mine, strong supporter of IPR, explains how in the world of medicine, you can claim patent on a molecule (taking into consideration resources and effort in research & development) but on competitors may only be able to use that molecule if it has been changed or if there has been an "inventive step" (something I believe to be so arbitrary). If this "inventive step" concept is accepted then we can assert that, in the video above, even when Walt Disney's discretion continues to allow the video to be posted, they actually have no claim to it because it has been modified so drastically that it is actual considerably an original piece of work.

This "inventive step" does remind me a lot of The Ship of Theseus that shows how change in essence (or in this case originality) is really so arbitrary. An example from Wikipedia:
"John Locke proposed a scenario regarding a favorite sock that develops a hole. He pondered whether the sock would still be the same after a patch was applied to the hole, and if it would be the same sock, would it still be the same sock after a second patch was applied until all of the material of the original sock has been replaced with patches."
I've actually recently been notified of copyright infringement in one of my videos, as they detected I used the song New Soul by Yael Naim but have been allowed to keep it posted.


I did not intend to steal, obviously. The song actually went viral after tons of parodies of the Macbook Air fitting into a Manila envelope ad showed up. If anything, being liberal about copyright has allowed Yael Naim to be even more popular as more and more listen to her song and get to know her because users are using her song in their videos. Here's the video:


The era of Web 2.0 really changed the concept of copyright. Both entrepreneurs and policymakers have to liberalize their position on IPR. And I believe it will be inevitable as the internet develops and becomes more organic and free. We saw how the world reacted when the US congress wanted to pass SOPA (a bill intended to protect IPR).

If you liked this post then you might also like:
1. Steve Jobs' 2007 Keynote on First iPhone
2. Intellectual Property Rights in the Philippines
3. Why is the Internet Slow in the Philippines
Date Published: Mar 30, 2012 - 1:32 am


Why is Harry Thinking About Going to China?


I shall save my blog post about my meeting with the Republicans Abroad Philippines for another time. I'm sure it does stir intrigue and suspense among my readers; this desire to know more about what transpired within the walls of the Manila lodge of The Benevolent and Protective Order of the Elks. Watch out for that soon.

Propaganda Poster During the Regime of Mao Zedong

So a fellow libertarian shares this link to the Shanghai Austrian Economics Summit and I am quite interested in going. The problem, of course, is the whopping minimum price of $758. This is the bare minimum. You get to share a room with a random guy (or someone I know if someone else is interested in coming), get free lodging for three days, with all meals paid for. This doesn't include the package that comes with a tour of China. The Great Wall and stuff like that, if I'm not mistaken. Oh, and this doesn't include airfare. If I don't get to pay before the 1st of May, I'll miss out on the early bird discount and it'll even be more expensive. 

Come to think of it though, some people would pay around the same price or even more for the new iPad where they'll just play Angry Birds or Fruit Ninja or whatever it is that's trending right now. Comparing it to that, the price for the summit slowly becomes more sensible. And don't even get me started on the price of schooling (there's really so much to streamline in the contemporary schooling curriculum and its methodologies; I've written on this a couple of times mostly in my other blogs).

And I love seminars and conferences. I actually love specifying them in my resume, for instance. I believe that, for many of the seminars/conferences I've attended, most of the time I actually learn more in just a day or two  (or more relevant to me, at least) as compared to more time spent in school. 

Take Graphika Manila 2010, for example. I didn't specifically learn any new skill or how to produce art/films. What I got was wisdom from those who actually have experience in the field. What I got was inspiration.

For example, during the 2011 one, there was this guy who was part of the creation of Avatar (I forgot his exact role).   I didn't really learn specifically how to make intense graphics and animations. But I learned that he actually never finished college. He was actually just a pizza delivery guy at one time. And it's just so inspiring to hear the stories and advice from these experienced artists.

So the keyword here is inspiration. Basically, if I choose to go, that's what I'm paying for. Aside from the networking with the most influential groups in the libertarian world, aside from the new lessons about the Austrian School of Economics and classical liberalism, these speakers: they will be there to inspire me.

Inspire me to excel in my writing. Inspire me to learn more about history and economics. Inspire me to think of solutions to our world's problems. Inspire me to think that my writing is actually, no matter how small an effect, helping in changing the minds of people toward a more libertarian perspective. The pen is mightier than the sword, they say. It'll add to my credibility — probably the most important aspect of all. 

I do hope, if I do get a chance to complete the funds needed in going there, that the visa application process isn't tedious. It probably isn't. I see people go to The Great Wall all the time. 

It is quite funny, the idea of having a libertarian summit in China of all places. It does sound a bit scary.

I don't really have the complete funds needed for this trip but I am thinking positive about it. May is quite far from now, even if I don't make it to the early bird discount, I should start with small steps. I gotta go knock at the doors of our bureaucrats over at DFA so they can help me out with my expired passport then get the China visa. No matter what, at least I would have been able to renew my passport and get a visa to China. If I don't make it to the conference, I'm sure China would be a fun place to video random things (I do enjoy that, if you're not familiar).
Date Published: Mar 25, 2012 - 8:39 pm


Bruce Parry Sees How Cocaine is Made in the Amazon — why prohibition makes things worse


In this BBC documentary Amazon, Bruce Parry is able to expose the rustic and dangerous beginnings of cocaine production.

Bruce Parry Sees How Cocaine is Made

We see how prohibition has created a black market controlled by syndicates; of people in the "organized crime" industry. We see corruption when these syndicates are conniving with politicians and bureaucrats. We see how the environment is endangered when that which is prohibited is left to the management of goons.

We see the poor exploited; merely wanting to make a living for their own family; endangering their lives and their homes. But then who is really benefiting or profiting from this prohibition?  

The billions of taxpayers money spent on prohibition: has it been effective in lowering the production or the use of cocaine? If not, then how can it be a sensible policy?

Is it really making us safer when it funds syndicates and terrorists and the campaigns of corrupt politicians?

I am not endorsing the use of this drug, of course. All I ask is that we answer these questions I have raised because they are undeniably legitimate concerns.

That documentary above: that is a reality. Many take the prohibition position as a moral position and I understand that. Of course we don't want individuals to be getting addicted to such harmful substances. But use and addiction continues to grow. Cocaine production remains to be a multi-billion dollar industry. The policy of prohibition is wasteful and only leads to unintended dangers and consequences.


Other Related Posts:
1. Defending the Undefendable by Walter Block
2. Reflecting About Cuba
3. Libertarianism in Harry Potter
Date Published: Mar 22, 2012 - 1:23 am


Members of British Parliament Have 9 Pubs to Choose From


From what the media has been telling me, from literature to films, drinking really is a part of the culture in the UK. It's not uncommon for you to see people in pubs during lunchtime having a few drinks before continuing their day. And what's funny is that some of these people are their members of parliament:


Some of them were even "too drunk to stand up" during the passing of their budget plan and other legislation. It is a very serious issue but I do find it very funny and entertaining. I mean, I'm not encouraging this, obviously, I just find it really funny. I bet that guy who was too drunk to stand up really hated it the next day. I've been there far too many times and I know how he feels that's why I find it really funny haha.

They have 9 pubs to choose from around the area of parliament. Parliament sounds really fun then and as mentioned in the video, the drinking habits of the members of parliament are subsidized by government. Wow, free power to coerce plus free drinks. Being a politician really does have a lot of perks.

Aside from this being really dangerous especially during voting on sensitive legislation, I do love their culture. Last week, I watched the Azkals Philippine football team go against the Malaysians and discussed with my friends how in Europe they'd be serving beers in the stadiums. Of course 'safety' is their concern and they're just trying to avoid drunk-related violence. This is usually the noble intention of any sort of policy.

I've been writing a lot of heavy stuff, I realized, so I thought of posting something I found funny.


Other Related Posts:
1. David Cameron Talks About Post-Bureaucratic Age
2. Paul Romer Talks About Charter Cities
3. Top Gear Middle East Episode
Date Published: Mar 10, 2012 - 3:09 am


Sari-Sari Store Economics — Margaret Thatcher and Inflation in the Philippine Market


After watching The Iron Lady, I noticed Margaret Thatcher's keen observance of change in prices of common household commodities. She proudly points out the price of butter to his critical colleagues and also got annoyed when she saw the price of milk when she was older and already out of her political power. Many  criticized her obsession with prices. It's because she's a grocer's daughter, they joked around.

The Iron Lady Trailer

And precisely that experience of having worked for her family's small business that gave her the insight of appreciating capitalism. His father was actually a statesman as well who seemed to be a staunch fiscal conservative. Her strict observance of prices came from the fact that she was a monetarist, a position advocated by libertarians like Milton Friedman who believed that the government may have the power to control inflation. Her passion for cutting spending and privatization roots from her influence from the works of F.A. Hayek and other classical liberals. I even remember in the PBS documentary Commanding Heights they showed that Thatcher and Hayek exchanged letters. 

Aside from being really hardcore like being able to dine with high officials of the Soviet Union (who then dubbed her the name "The Iron Lady") or tearing down the Berlin wall, what really stood out the most for me was her obsession with prices. I do not agree with many of her policies including monetarism or her fetish for war and militarism but I loved the fact that she had her finger on the pulse of the market—an important quality a poltician should have, I believe.

I remember in one of the debates during the 2010 Philippine presidential elections, candidate Jamby Madrigal was asked the price of galunggong (common fish in the Philippines) to which she humorously replied she wouldn't know because she is a vegetarian. Now I realize that it was such an important question. Inflation is one of the most important issues in politics and knowing prices of the typical daily commodities that the people buy is most definitely significant.

I remember when I lived in my house in Laguna for back when I was still in college, I really learned a lot about managing my budget for my daily needs. Many times I would buy my own food from the sari-sari store (a very common small time convenient store managed by families in their very own homes). Almost every place here has sari-sari store and this is mostly where many consumers would buy different things they need. If you've ever been to small barios, sari-sari stores are the more common venue for trade.

Changes in prices really affected me most especially since I had a very limited budget (granting that my mother already pays for my tuition, lodging; all in spite of my disdain for contemporary schooling—quality education takes time!). And when you're in college, you need a lot of budget allocated for booze and leisure, right? So when the price of daily needs like water or rice increase, for example, I might either have to cut on leisure expenditure or eat cheaper alternatives.

Tindahan ni Aling Nena by Eraserheads

But then that's just me. I was a lucky middle class kid in college who's blessed with a hardworking mom. All I worried about was having to drink less booze. But how about those aren't as fortunate as me? You can only imagine how inflation affects them. Ang presyo ng bigas (the price of rice). Cooking oil, milk for the baby, tuition for the kids, water and electric bills. These are all very important to them and has a drastic effect on their lives. I feel that it is irresponsible for statesmen to ignore it or not be aware of it.

It makes you reflect more on the red tapes on small businesses, huh? Should sari-sari stores need to have the redundant permits like barangay permit, mayor's permit, DTI business permit, BIR license, and the many different taxes? It sounds ridiculous, doesn't it? It's funny though that technically most sari-sari stores are black market. Those people who are just trying to earn an honest living through voluntary exchange should ideally have to go through most of the red tapes. This is discouraging for small businesses and entrepreneurship in general. Most of all, it increases costs therefore increases prices. This goes out across the board for all business and the economy. 

Inflation is actually a direct result of increasing the money supply. Money isn't actually backed by any commodity like gold as everyone seems to believe up to now. We leave it up to the discretion of bureaucrats  in the central bank to decide the value of fiat currency or paper money. And inevitably, the value of paper money goes down when the supply increases therefore lowering the purchasing power of the money thus contributing to inflation.

Ron Paul asks FED chairman Bernanke if he does his own groceries

Recently congressman Ron Paul, in spite of his busy campaign, went back to DC to once again be very critical of the Federal Reserve (video above). It's funny how he asks in the first part if Bernanke does his own grocery shopping. It's so related to everything I'm talking about right now. Aside from that, he talks about how investing in precious metals like silver can preserve the value of money. 

You see not all libertarians believe in the monetarist position like Margaret Thatcher. Some believe that money shouldn't be valued at the discretion of bureaucrats and instead be backed by a commodity, like gold for example, something that the market has dictated for centuries. 

At first glance, I know it might sound preposterous for many, the idea of going back to the gold standard. The concept though is that it doesn't have to be gold. It's just that the market dictates it and not the supposed expertise of bureaucrats. And no, Ron Paul doesn't want to instantly abolish fiat currency and central banking, he just wants, aside from wanting to audit the Federal Reserve, to be able have competing currencies. Competition will decide what is really a more effective means of preserving the value of one's earnings. This is an idea Hayek advocated, if I remember correctly, and so I do find it weird that Thatcher favored a different policy.

I guess one good indicator of who makes more sense is how back when Ron Paul and many others in the Austrian School of Economics like Peter Schiff were predicting the housing bubble and the recession, people like Bernanke, the keynesians, the monetarists: none of them listened. They totally marginalized those who were predicting the recession, some even finding their claims laughable. A simple search in YouTube of "Peter Schiff was right" or "Bernanke was wrong" are evidences of who had the right economic policies. Surely I should save the topic of Ron Paul's predictions for some another post.

One thing I love about libertarians in general, in spite of the differences in views as I have shown, is that they really have a grasp on simple commonsense economics as compared to the fancy macroeconomics of Keynesianism. The assumption of being smart enough to manage the economy, to always be acting in the public interest, to decide on arbitrary values, all of it is the pretense of knowledge.

Monetary policy is a key issue that decides the fate of our prosperity. Let us keep in mind that the power to devalue the money of people is theft. No small group of people, no matter their expertise, should ever have such a grand power. 


If you liked this post then you might also like:
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Date Published: Mar 08, 2012 - 9:18 am


Anthem by Ayn Rand Audiobook


Hey, look what I found! It's one of the most influential books in my life that really contributed a lot to the political philosophy I have learned to love. It's an audiobook of Anthem by Ayn Rand. My ultimate favorite first line of it is a sin to write this.

Part 1 of Anthem by Ayn Rand Audiobook

I'm personally more of an audiobook guy. I love listening to debates, audiobooks, speeches, and lectures on YouTube especially before my sleep. It's sort of like my bedtime story. For those who are more into reading, you can get the full text in different formats here.

It's not even as big on libertarianism at all. It's more of the struggle of an individual in a dystopian collectivist society that is based on extreme egalitarianism and primitivism. It's a really short and engaging story that I recommend to all my readers.

I'm really so tired right now. I know I'm so held back on so many things I have to write about like Ron Paul's campaign, super tuesday, Iran/Israel conflict, The Iron Lady, irrationality of prohibition, and so much more. Right now though I'm about to pass out and I think it's brilliant that I can just embed videos and share it to the world. It makes the life of a libertarian blogger much easier.

That book above changed my life completely and I hope you guys like it as well. I'm going to listen to this now and sleep. Goodnight. :)
Date Published: Mar 06, 2012 - 1:19 pm


Intellectual Property Rights in the Philippines and the Pinoy's Knack for Spoofs


Filipinos love parodies and spoofs. I am personally very entertained by the wittiness of many of them. In spite of the notion that it's not original or that it's gaya-gaya (copycat), I feel that it still takes a lot of wit and skill to come up with really funny spoofs and parodies.

Kapag naasar si Mang Inasal baka ipasara ang Mang Inasar

I'm pretty sure that you don't even need a good lawyer to argue in court that this is a direct violation of trademark and copyright. Surely though, big companies won't waste time engaging a civil case against small businesses. It would be shallow and would most definitely be bad publicity. Why would they want to wage war on smalltime entrepreneurs just trying to make a living through voluntary exchange?

The problem here is that it is left to the discretion of the big companies if they will pursue such a quest in protecting their trademark. An establishment in Batangas called Mang Donald's was actually forced to stop operation after a legal suit from McDonald's. McDonald's didn't think that was a petty issue at all. You think smalltime businesses Mang Inasar or Mang Donald's will have the resources to go against the expensive lawyers of big businesses?

T-shirts with spoofed trademarks is quite lucrative in the Philippines

Us libertarians are actually divided on the issue of IPR or Intellectual Property Rights. Some minarchists and objectivists would actually argue for strong enforcement of IPR because they deem that this protects and encourages innovation while others like those from the Mises Institute believe that only physical property should be protected because IPR only gives the government the power to grant monopoly to big businesses.

yellowpedicab
I wonder what they sell in Yellow Pedicab

Also, all these trademark issues could be considered to be just the tip of the iceberg. Let's take for instance more serious commodities like medicine, like let's say a pharmaceutical company invented a new drug against cancer. Defenders of IPR will say that the innovators must be protected for they used up a lot of resources and skills just to be able to come up with the new drug. Those against it will be saying that this is merely granting one company monopoly and that it discourages competition. Imagine if only one company had the right to sell paracetamol up to now (another thing very arbitrary about IPR is that bureaucrats decide how many years an inventor can have monopoly over his/her invention). 

faceboolfishball
Mark Zuckerberg's Fishball Stand

Being an aspiring artist myself, I understand the merits of owning the things I produce. Let's say I made a song or a film or took awesome photographs, I wouldn't want random people using/selling these things ("pirating") for their own profit without crediting or justly compensating me. This is the point of defenders of IPR who merely want to extend this kind of right for all, even for our hypothetical pharmaceutical company that invented a cancer drug.

But then the gray area comes in when it comes to something like remixing or covers of songs, for example. Let's say someone decides to remix/cover a song I made and it becomes very popular and people start buying that song. That is the market indicating that he was able to innovate and make my song better. This can be applied to our fictional cancer drug. What if a competing company believes that it can make the cancer drug even more effective and safer or with less side-effects. The company who invented the drug, because of IPR, will have the prerogative not to allow them to mess around their drug thus hindering further innovation and competition.

A fellow libertarian and strong advocate of IPR argued to me though that if there is an "inventive step" then it will no longer be covered by IPR and will be allowed to compete. The big problem though is, as a libertarian being wary of bureaucracy, it will be bureaucrats who will be judging whether the "inventive step" is justified or not. In the long run, only big businesses who have the resources to hire really good lawyers will win and be granted monopoly by government thus killing competitors, especially small businesses.

It's really such a complex ethical dilemma with both sides providing rational arguments. All in all, I still find the spoofs and parodies very entertaining and, in a sense, innovative. How about you? What do you think about this whole IPR issue?


Other Related Posts:
1. Property Rights and Economic Freedom
2. Democracy Forum in DLSU
3. Freedom of Information Bill in the Philippines
Date Published: Mar 03, 2012 - 12:58 am


 
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