–Welcome to my Web Site

Joe Cobb

This is my library of essays, articles, and commentary on current issues as well as older things I wrote years ago.

Below on the “Editorial Page” are additional articles I really like and I wish I could have written them.

My basic values and beliefs are libertarian; my way of forming and changing my ideas and beliefs is skeptical (empirical, critical) with a bias toward natural law/natural rights theory – eschewing anything supernatural. Those labels are discussed in more detail in the Stanford Encyclopedia of Philosophy. I recommend looking at The Epistemic Closure Principle in that source.

My 1982 book, THE INCOME TAX MUST GO!, is here,

Check out the list of publications in my Vitae. Very few are accessible anywhere else on line, so my project for the coming year is to link them up. I plan to digitize everything I have ever written and put it on this site.

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Editorial Page

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Survival Strategies of “Governmentus Omnipotus”
by A.Barton Hinkle

While a certain amount of government is necessary for the health of any ecosystem, too much can prove devastating. It is important, therefore, to actively monitor and limit government lest it threaten Nature’s delicate balance. However, government’s aggressiveness and highly developed survival mechanisms will make this an arduous task for the foreseeable future.

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Dollarize Argentina Now
by Steve H. Hanke

Argentina is once again wrestling with its long-time enemy – inflation. Now, it appears history may soon repeat itself, as Argentina teeters on the verge of another currency crisis. There is, however, a simple solution to Argentina’s monetary problems – dollarization. The end result would be an Argentine economy free of the inflation that has plagued it for decades. Indeed, Argentina could finally experience those benefits enjoyed by other dollarized countries, like Ecuador. Below, I present (with only one minor change) my blueprint for Argentina’s dollarization, which I first presented over a decade ago.

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How to Think About Regulation
by Perry Willis.

Do we really solve the problem of human imperfection by giving one small group of imperfect people vast power over all the others?

  • Does the state really have a role to play in regulating businesses, beyond providing a court system for determining legal liability when there’s evidence that a product or service causes harm?
  • Do we really need politicians and bureaucrats to craft regulations that prejudge whether a product or service is potentially harmful, and that dictate how that risk must be mitigated?

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Lessons for the Young
by Nelson Hultberg

There can be no half-way measures. America will live again in the future only if we are willing to restore the Jeffersonian ideal that gave us birth. Lincoln’s centralization – Wilson’s progressivism – FDR’s New Deal – LBJ’s Great Society – Nixon’s middling conservatism – today’s Obamanation must all be purged from our governing aspirations. Nothing short of the Jeffersonian ideal will save us. Our youth need to be taught this crucial philosophical necessity.

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Tax Fairness is About the Poor Paying Too
by Joe Cobb

“Tax fairness” is not a clearly defined term. We should be looking at the basic ideas about fairness and equality.

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The Moral Dilemma of our Age
by Joe Cobb

Featuring a video of Sen. Rand Paul questioning the Administrative state. He raises the same moral issues as John Bright proposed to the British Parliament, 1843-1889. Watch this video [here].

      What should “public policy” be?
      Non-violent?
      Tolerant?
      Nobody a slave?

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Why Would India Restrict Gold Imports?
by Joe Cobb

An example of the use of economic analysis to understand a government policy. This is a clever tax on gold and government employees get to keep part of the collections.

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What Did Lew Do at NYU?
by Jack Freeman

Mr. Lew earned more than almost all of the country’s university presidents that year, including his own boss at NYU, John Sexton. Now why would Mr. Lew have been paid more than the head of the university?

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Rachel Maddow Makes a Strong Ridicule Video of Obama
about “Prolonged Detention.”

The MSNBC commentator, Rachel Maddow, filmed this 17-minute speech by Obama and critiqued it in terms of civil liberties. A very good commentary for you to watch and enjoy. Every day in every way I tend to know I cannot be a “conservative” in the cause of liberty. It requires extremism. Some Arizona Senator once said that is no vice. Take a quarter hour and watch this video.

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Labor Unions, Thugs, and Storm Troopers
by George Riesman

When one grasps the fact that the standard of living of wage earners rises from the side of prices falling rather than wages rising, it is but a short step to the conclusion that labor unions are not only utterly ignorant about how to raise the standard of living of wage earners in general, but operate in diametric opposition to the interests of wage earners in general.

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Central Bank Dreams, Monetary Realities
by Alex J. Pollock

It is a sobering thought that this entire system depends on trusting the foresight, wisdom, and knowledge of the managers of the key institutions. An objection to such trust had previously been voiced by George Bernard Shaw. He was hardly a qualified economist, but it is hard to improve upon the wit of his objection: “You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government.” In my opinion, neither of these choices, and indeed no financial construct, is perfect, and all will experience inevitable problems.

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How to Avoid Consensual Police Encounters
by Justin Peters

Even if a police officer is polite as pie, he or she will have the upper hand in most conversational situations. As a consequence, most ordinary citizens will feel compelled to talk with a police officer even when, legally, they don’t have to.

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The Miracle of Compounding
by Julie Anderson Bray

The moral of the story is this: getting started saving even a little bit today will compound to more, faster. The expression goes, “a dollar today is worth more than a dollar tomorrow,” but due to inflation, it is likely to be worth a little less than it used to be (inverse compounding).

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The “Spoiler” Effect in Elections
by Joe Cobb

It is a fallacy of logic, known as the Fallacy of the Excluded Middle. Libertarians received more votes than the difference in total votes by first and second place candidates in some elections. The loser says those votes, for the Libertarian, could have been his votes, cast instead for himself. Pride dies hard.

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“I, Pencil” – new animated movie
This is a pleasant animated video (6:33) with the central story of Leonard Read’s “I, Pencil” essay from the Foundation for Economic Education.

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Comment to an Unfriendly Reviewer of “Atlas Shrugged II”
by Joe Cobb

William Morris reviewed the new movie on his October 14 column, unfavorably. He contemned the message of the film as deference to the “scripture” of Ayn Rand. His tone was a “put down” but the focus was “faith” in a Scripture. He was against any faith at all. This is my reply to him.

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Why Should You Vote Libertarian?”
Romney and Obama are so close you just have to play in the horse race. No third party candidates will be useful in the horse race.

    But the real issue is the information that voting can communicate. Whom do voters really support? Libertarians? If you want the world to learn this truth, you have to vote for the Libertarian Party candidates.

Voting for a “Republican” (whatever that means?) will not communicate anything except disapproval of Obama.

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The Conceit of Internet Control
by Christopher M. Schroeder

This is an excellent essay about the power of communications, and freedom of communications. It controls all of economic activity. Human activity, human action, is what the competitive economic process is all about. Read this article and ask how any future Big Brother could ever pull it off?

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Which Federal Policies Help or Hurt Economic Growth?
by R. David Ranson

Classical liberal analysis: David Ranson identifies the key elements for economic growth and the policy failures of government planning. This Issue Brief from the National Center for Policy Analysis is an important discussion for economic policy.

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New Puff Piece about my Campaign for Congress
by Gene Berkman

Published in the Independent Political Report.
Thanks to Gene Berkman for printing this nice summary of my life and campaign for Congress this year.

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Amend the 12th Amendment
by Joe Cobb

Abraham Lincoln, surprisingly, got a majority of Electoral votes in a four-way race (not a majority of popular votes)! The Electoral College is distinctly separated from the Congress. Nobody can be a member of both. Bigger States get more Electoral votes, so it is democratic. What it needs is an opportunity (1) to meet in assembly, as “a college”; and the opportunity (2) to cast a second or third vote, if necessary.

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“Big Oil” Receives No Subsidies
by Joe Cobb

I have puzzled over what “subsidies” are paid by the government to the petroleum and natural gas industries. I am sure there are some. No government fails to give away benefits and taxpayers’ money to corporations (this is why libertarians contemn “crony capitalism”). I looked on the Internet for some documentation of the subsidies to “Big Oil.” The answer is just what I expected.

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Hayekian Moments in Life
by Jeffrey Tucker

Thoughts about the decentralized nature of knowledge and the complexity of human society. Jeff Tucker has written an insightful example of one of F.A. Hayek’s central contributions to economics and our knowledge of society.

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Video Interview with Joe Cobb
This July 31, 2012, event in honor of Milton Friedman’s 100th birthday was hosted at the Goldwater Institute in Phoenix. The program featured a one-hour debate and Q&A session with Joe Cobb and his co-panelist Charles Goyette on the question, “Was Bernanke Right?” This interview was conducted following the debate.

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Blame the Fed for the Financial Crisis
by Ron Paul

The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.

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Myths and Facts about the Gold Standard
by John H. Cochrane

No monetary system can absolve a nation of its fiscal sins. While many people believe the United States should adopt a gold standard to guard against inflation or deflation, and stabilize the economy, there are several reasons why this reform would not work. An important University of Chicago professor makes the case for a serious monetary reform.

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Why I Run for Office
by Marc J. Victor

Statement by the Arizona Libertarian Party candidate for United States Senate, 2012. He will need your write-in vote at the August primary election to be on the November ballot.

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Monetary Policy Will Not Stimulate the Economy
by Joe Cobb

The Federal Reserve has created billions of dollars in new bank reserves over the past two years, mostly as part of its bailout of the banks that were exposed to default on mortgage bonds issued by Fannie and Freddie. In the 1930s, a theory of business cycles was embraced in Britain and the U.S. that focused attention on the spending of consumers as the main engine of economic growth. Milton Friedman and the monetarists always said that after a money supply stimulus had created a recovery, the next effect of the new money would be an increase in inflation. We have not yet seen any recovery, and we are waiting with fear for the second stage of the prediction – a new burst of price-increase inflation. Wait for it.

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The All Seeing Eye
by Joe Cobb

The mystique of the all seeing eye has been stripped away from the Federal Reserve System. One can only wonder how long the American people, and the world economy, will continue worshipping the false god of central economic planning? Isn’t it ironic that the most important markets in a capitalist economy, the financial markets, are dominated by communist-style central economic planning? As Hayek and Von Mises foretold, however, the all seeing eye is blind.

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When Greece Defaults
by Joe Cobb

The collapse of Greece may prove as wonderful for the rest of us as the collapse of the Berlin Wall and the Soviet Union. Wishful thinking will not help the socialists of Greece, but when they jump off the cliff the whole world will be watching. The logic of free trade and a strong currency will be further validated by all these events.

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A Gold-Based Currency Board
by Steve H. Hanke

Prof. Hanke argues for setting up a currency board, somewhere in the world, to issue a new monetary unit that would trade in the foreign exchange markets like legal tender currencies. This would be a giant step toward Milton Friedman’s concept of a “Real Gold Standard,” in distinction to the classical “Pseudo Gold Standards” of the past. See these links to Friedman’s ideas and Hanke’s draft legislation for such a currency board.

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The Web of Conspiracy
by Joe Cobb

Young people are feeling trapped in a web of debt, to school, to cards, and to future taxation. One way to say ‘No’ is to focus on a villain. The Federal Reserve is a good villain, because it controls the payments system. The payments system controls your tax payments, and enforces them. Young people want out.

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Arizona Bill of Rights Monument
by Patrick Ibarra

Now is the time to stop longing for the good old days, looking in the rear view mirror. Opportunities exist all around us — we must decide whether Arizona’s future is already written for us or will it be written by us? It’s our choice.

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The Real Reason for the Tragedy of the Titanic
by Chris Berg

At the accident’s core is this reality: British regulators assumed responsibility for lifeboat numbers and then botched that responsibility. With a close reading of the evidence, it is hard not to see the Titanic disaster as a tragic example of government failure.

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The Culture of Capitalism.
by Joyce Appleby

Until the principal forms of traditional society have been challenged and overcome, its adherents regroup to fight again with new leaders and new causes against capitalism.

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Abolish the I.R.S.
by Joe Cobb

Let us stop the deception about the Fairtax and its phony claim about abolishing the IRS. The only way really to abolish the IRS is to abolish centralized Federal taxation and replace it with decentralized funding, like the Constitution set up in Art.I, Sec.2.

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States Seek Currencies Made of Silver and Gold
by Blake Ellis

A growing number of states are seeking shiny new currencies made of silver and gold.

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The Capital Gains Tax
by Joe Cobb

The capital gains tax is unfair because the basis for assets is not indexed for inflation. There should be a single flat tax on consumption. Both labor income and [real] gains from the sale of property should be taxed at the same rate, with no double taxation. (Any tax should be assessed only at the State level. See my book on this site.)

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Romney’s Businessman Pitch Won’t Work
by Robert K. Reilly

If you can’t articulate the cause for which you are fighting in moral terms, you will lose.

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The “Fair” Tax – A Socialist Proposal
by Joe Cobb

The proposal for a national retail sales tax, with its embarrassing “prebate” to make a flat sales tax progressive, is popular with some libertarians who don’t understand how it is supposed to work.

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Ron Paul and Gary Johnson
by Joe Cobb

Is the “Americans Elect” political party a Trojan horse for unexpected events? An opportunity for Ron Paul, or a deadly threat to the libertarian future of our country?

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Government Bailouts
by Joe Cobb

Can government spending help repair the current economic recession? This is a debate sponsored by Phoenix College, March 10, 2009. The short video segments here are my presentations.

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Misinformation About the Euro Crisis
by Joe Cobb

It is frustrating to listen to the news reports and to read about the Euro crisis. Let me set out some observations.

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Money Illusion
by Joe Cobb

A more serious form of money illusion has seldom been noticed by economists due to one of the most useful things about money itself: You can add it up. Banks add up credit and make an unstable aggregate.

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Penn Jillette on Philosophy
This is a video interview with Penn Jillette by Nick Gillespie of Reason.tv. In this 17-minute video they discusses his personal ethical and political philosophy (with which I agree). He opens with the great quote:

“I don’t go with pragmatic arguments at all.
My whole take on libertarianism is simply that I don’t believe I know what is best for other people.”

The Result that Socrates Died For
The failure of Congress to resolve the U.S. debt ceiling deadlock should not be a surprise.

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The Failure of Al Gore
by Walter Russell Mead

This essay is quoted from The American Interest blog site. Mead explains why the political agenda of the Global Warming or Climate Change movement has failed.

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The Gold Clause, book review
by Joe Cobb

The reason why the Supreme Court allowed F.D.R. to cancel the old gold standard was because it did not really establish gold as a standard, it established “dollars” and left the definition of that word to the government.

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“The Origin of Specious.” (a Bobbysbrane.com production) This 2-minute video presents the evolution of religion in a delightful, graphic manner. You see how the branches of the traditions of Abraham relate to each other; see how the branches of the Hindu and Chinese systems work.

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Immigration Socialism versus Freedom
and the Free Market
by Jacob G. Hornberger

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Climate Catastrophe Cancelled
Transcript of a report from the Finnish Broadcasting Co.

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California: The Big-Spending, High-Taxing,
Lousy Services Paradigm
by William Voegeli

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Poetry is an Example of Free Will
by Joe Cobb

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Audit the Fed? Why?
by Joe Cobb

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India and Climate Change
by William Antholis

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Don’t Treat CO2 as a Pollutant
by Mark W. Hendrickson

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Identity: “Know Thyself”
by Richard Russell

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Bound to Burn
by Peter Huber

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Respond to Medical Pot Raids with Legalization
by Anthony Gregory

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Massachussetts Debacle,
Coming Soon to Your Neighborhood.

The Wall Street Journal

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Capitalism Needs a Sound-Money Foundation
by Judy Shelton

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Ruin Your Health with the Obama Stimulus Plan
by Betsy McClaughy

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Photo Enforcement (highway speed) Cameras
by Joe Cobb

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Our Culture Is Better
by Geert Wilders, interviewed by James Taranto

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Taxes and Justice
by Tibor Machan

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The Great Recession
by Joe Cobb

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In Praise of Cheap Labor
by Paul Krugman

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Obama’s Magic. Presto, Change-o!
by Kim Strassel

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Why I Am Not a Conservative
by Jim Davidson

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The Credit Collapse is Having a Similar Effect
as an International Trade Barrier
by Joe Cobb

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Cap & Trade is Not a Market Solution
by Robert P. Murphy

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Contracts as Good as Gold
by Amity Shlaes

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Ranked Chioice Voting in the Electoral College
by Joe Cobb

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Fitna, a Bold Film Against Tyranny
by Geert Wilders

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Ron Paul / Steve Kubby for President
by Joe Cobb

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Obama’s Global Tax Proposal Up for Senate Vote
by Cliff Kinkaid

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“A Vote for Liberty is Not Wasted”
by Tibor Machan

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Competition in Currency: Ron Paul’s “Nutty” Idea
by Peter Brimelow
with commentary by Joe Cobb

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My Endorsement of Steve Kubby
for President of the United States

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Question from a Friend
Politics is about power

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Manifesto
by Jim Babka and Perry Willis

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Long Range Solar Forecast
published by NASA, May 10, 2006

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Secularism is not a Religion
by Joe Cobb

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The Meaning of Ron Paul’s Support
by Marc Guttman

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The Weak Dollar and Inflation
by Joe Cobb

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The United States Government is not Christian
Article 11 of treaty ratified by the Senate in 1797

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Their Claim is that an Enemy Exists
by Joe Cobb

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Libertarians Rising
by Michael Kinsley

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Capitalist Heroes
by David Kelley

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Why Do We Need a Government Budget?
by Joe Cobb

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An Inconvenient Fact
by Patrick Moore

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Sen. Craig’s Opportunity After Congress
by Joe Cobb

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Envy: How to Defeat the Insidious Green Monster
by Michael Masterson

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Chief Scientist Revises Global Warming Data
by Joe Cobb

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Gays Become Just Another Special Interest
by John Fund

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Religous Doctors No More Likely to Care for Underserved Patients
from University of Chicago Magazine

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Free Markets Also Have Tough Negotiators
by Ambrose Evans-Pritchard

with an introduction by Joe Cobb

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Racism? Ron Paul?
by Joe Cobb

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The Complex Life and Death of Pat Tillman
from Centre for Liberal Studies

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Welfare Rights
by Joe Cobb

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Video interview on the economics of war.
Joe Cobb interviewed in 2005.

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Should We Abolish the Federal Reserve?
by Joe Cobb

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It’s Time for the Truth about the USS Liberty
by Ward Boston, Jr.

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Illegal Immigration: Surely This is a Victimless Crime
by Joe Cobb

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Global Warming: Nature Goes Against Science
by Robert Matthews

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Libertarians Win an Election,
Eliminate a Goverment Program
by Kim Hawk

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Libertarians’ Silver Lining in the Dark Cloud
by Brian Doherty

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The Tax on Your Retirement Savings
by Joe Cobb

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Ron Paul for President
by Joe Cobb

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Christopher Monckton: Strong Voice
on Climate Change

with an introduction by Joe Cobb

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Little Scraps of Paper for the I.R.S.
by Joe Cobb

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10 Myths – and 10 Truths – About Atheism
by Sam Harris

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Subsidized Agriculture and Illegal Immigration
by Joe Cobb

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Climate Change: The Pollution Solution
by Russell Seitz

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Early Social Security Retirement:
Good Idea?
by Joe Cobb

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Santa Claws Is Coming to Town
by Joe Cobb

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Court Orders California Counties to Obey
Medical Marijuana Law
from the Orange County Register

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Remembering Milton Friedman
by Joe Cobb

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Cure for the Immigration “Problem” – Stop Subsidizing Farmers
by Joe Cobb

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Why the Defeat of Conservatives Nov.7, 2006
is Important for Libertarians
by Joe Cobb

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Libertarians Made a Difference; We Changed the Government
by Joe Cobb

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The Right Stuff
by Edward L. Hudgins

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Is Gay Marriage a Threat to Marriage?
by Steve Chapman

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How Capitalism Can Save American Health Care
by David Gratzer, as summarized by NCPA

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N.Y. Times Column About Libertarian Defections
by John Tierney

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Summary of Arizona 2006 Ballot Propositions
Libertarian Party analysis and recommendations

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Vote ‘NO’ on the Minimum Wage Nov.7
– Ballot Proposition 202
by Joe Cobb

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Why You Should Vote for Me Nov.7
as your candidate for Congress
by Joe Cobb

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My Position on GLBT Rights;
Nov.7 – Vote ‘NO’ on Prop. 107
by Joe Cobb

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N.Y. Times Editorial, “Rushing Off a Cliff,” Sept.28, 2006
condemning the new Military Commissions law

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Second Page

 

Parallel Currency Hearings,
Ron Paul, House Financial Services Committee
8/12/2012.

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Tax Reform: Flat Tax on Small Business
by Joe Cobb

The Republicans say that increased tax rates on higher incomes will hit small business. But small business taxpayers could be given a fixed tax rate, and that would let them keep using their money to build their businesses. Our income tax forms already show how this would work. The existing “Qualified Dividends and Capital Gains Tax Worksheet” could be adapted easily to include small business profits.

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Competing Currencies are Essential to Freedom
by Thomas H. Greco

who is publisher of the Beyond Money web site.
This is an excellent introduction to Ron Paul’s important proposal, to allow free competing currencies and Units of Accounting in the United States, without fear of the IRS and FSAB Rule 52 defining functional currency for tax and accounting records.

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Signature Campaign in Glendale
We want to quash a government tax money bail out of a sports millionaire. We need to get enough signatures by mid-July to get a ‘vote of the people’ on the Glendale city ballot in November.

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My First Political Choice
by Joe Cobb

I was a 14 year old boy living in Kansas and the ballot proposition to enact a Right to Work law sparked a disagreement with my best friend. It changed my life.

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Reply to Bruce Cohen
For your libel, David Nolan deserves an apology.

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Brights’ Creed
I believe in the natural universe.
I believe in the weak and strong nuclear force.
I witness gravity and the electromagnetic force.
I appreciate the life-giving process of growth and evolution.
Although I walk among victims unfortunate
due to fear and superstition,
I will teach them how the glory of our world is revealed
as we understand natural laws.
For surely peace and respect among all mankind is a good thing and
Only understanding our natural world can lead to
a path of success and happiness.

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Calvin Coolidge on the Declaration of Independence

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Ron Paul Got 16% in Pennsylvania.
This video did it for him.

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Public Law 99-185
Background of Ron Paul’s Legislative Achievement
by Joe Cobb

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The Pursuit of Excellence [draft]
by Joe Cobb

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Global Warming: Myths and Reality
by Jarret Wollstein

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Is Abortion Murder?
by Tibor R. Machan

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Unflattering Picture of Al Gore

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Stonewall Libertarians Chapter in Arizona

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Christine Smith for President?
by Joe Cobb

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Who Pays the Income Tax?
by Bruce Bartlett

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Curriculum Vitae of Joe Cobb

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A book by Joe Cobb
[click here to go to the Table of Contents]

The Income Tax Must Go! (1982)

 

We should repeal the 16th Amendment; then the original Article I, Section 2 (census) method would automatically once again become Constitutional tax law. Federal taxation was originally supposed to be apportioned to the States by population. Different States would each use various revenue methods.

Competition among tax regimes in different States would start to occur, and the political dynamic of Federal spending would also change. Some states with less burdensome taxes would grow faster, run a fiscal surplus, and others would stagnate and run fiscal deficits. The people would learn better policy from the comparative experience.

With all Federal money coming only from State legislatures, the “gravy train” of money from Washington would no longer seem to be “found money.” Local and State governments would immediately have to start collecting the full cargo of Federal revenue — proportionate to each State’s population (not based on its prosperity or wealth). States would not be taxed more for being more successful economically.

Local legislators would pressure their U.S. Representatives and Senators for lower Federal taxes, instead of pressuring for more earmarked pork projects, because all Federal money would have to be raised locally by State legislators. Local politicians would probably not support any members of their own party for promotion to Congress who were big spending tax increasers — in contrast to how it works today.

A truly revolutionary proposal! We normally think of the Federal income tax as a fiscal policy tool, affecting the economy, but more importantly it has changed the entire structure of federalism in our political system. Restoring federalism is more important than getting rid of the I.R.S.

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