Why I fled libertarianism — and became a liberal

The night before the 2008 Nevada Republican convention, the Ron Paul delegates all met at a Reno high school. Although Id called myself a libertarian for almost my entire adult life, it was my first exposure to the wider movement.

And boy, was it a circus. Many members of the group were obsessed with the gold standard, the Kennedy assassination and the Fed. Although Libertarians believe government is incompetent, many of them subscribe to the most fringe conspiracy theories imaginable. Airplanes are poisoning America with chemicals (chemtrails) or the moon landings were faked. Nothing was too far out. A great many of them really think that 9-11 was an inside job. Even while basking in the electoral mainstream, the movement was overflowing with obvious hokum.

During the meeting, a Ron Paul staffer, a smart and charismatic young woman, gave a tip to the group for the upcoming convention.

Dress normal, she said. Wear suits, and dont bring signs or flags. Dont talk about conspiracy theories. Just fit in. Her advice was the kind you might hear given to an insane uncle at Thanksgiving.

Then next day, I ran into that same operative at the convention, and I complimented her because Ron Paul delegates were being accepted into the crowd. I added, Were going to win this thing.

Bring in the clowns, she said, and smiled before I lost her in the mass of people.

I will never forget that moment: Bring in the clowns. At the time, I considered myself a thoughtful person, yet I could hardly claim to be one if you judged me by the company I kept. The young lady knew something I had not yet learned: most of our supporters were totally fucking nuts.

I came by my own libertarian sensibilities honestly. I grew up in a mining town that produced gold, silver and copper; but above all, Battle Mountain, Nev. made libertarians. Raised on 40-acre square of brown sage brush and dead earth, we burned our own garbage and fired guns in the back yard.

After leaving my small town upbringing, I learned that libertarians are made for lots of reasons, like reading the bad fiction of Ayn Rand or perhaps the passable writing of Robert Heinlein. In my experience, most seemed to be poor, white and undereducated. They were contortionists, justifying the excesses of the capitalist elite, despite being victims if libertarian politics succeed.

If you think that selfishness and cruelty are fantastic personal traits, you might be a libertarian. In the movement no one will ever call you an asshole, but rather, say you believe in radical individualism.

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Why I fled libertarianism — and became a liberal

A Libertarian Haven in the Works? Mark Warden (Free State Project) – Video


A Libertarian Haven in the Works? Mark Warden (Free State Project)
Creating a near stateless country will not happen in our lifetime but as David Ortiz discloses New Hampshire could become a freedom haven within the next decade if the activist cause "The Free...

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Overstock.com Shoppers Can Now Pay With Bitcoin

Right now, merchants seem to accept Bitcoin for three main reasons: They want press coverage, theyre libertarian fellow travelers, or theyre selling drugs. Assuming that last one doesnt apply to Overstock.com (OSTK), its announcement that it will begin accepting Bitcoin by mid-2014 seems to be some mix of the first two reasons. The online retailer, whose 2012 revenue totaled $1.1 billion, is the largest yet to jump on the Bitcoin bandwagon.

Patrick Byrne, Overstocks chief executive, says the decision to accept Bitcoin is based half on his personal beliefs and half on the conviction that its a sensible business decision. In essence, hes trying to lead mainstream merchants toward Bitcoin by adopting it himself.

Byrne says he has wanted to accept Bitcoin payments for about two years and had been dreaming about creating his own gold-based currency for almost a decade before that. Im an Austrian economist by background, and were the guys who like gold, but not for the reasons our Keynesian critics accuse us of, he says. If you believe in limited government, you have to have something that no government mandarin can whisk into existence.

Thats the standard idealistic line for Bitcoin; the practical argument is that merchants can avoid paying credit card fees. This already works when the volume is modest, but the relatively small size of the overall Bitcoin system is a barrier to merchants of Overstocks scale.

Currently 12.1 million Bitcoin are in circulation, with a total value of about $8.8 billion. At this size, the value of Bitcoin can fluctuate violently based on actions by a few big investors or the Chinese government. This is a problem: If a retailer saves 3 percent on credit card transactions, but the value of Bitcoin loses 5 percent before the retailer can convert it back into dollars, the concept will quickly lose its luster.

Bitcoin-processing companies such as Bitpay and Coinbase take on this risk for merchants, offering to convert Bitcoin into U.S. dollars immediately. But they might not be able to handle that risk if any serious slice of Overstocks transactions comes in Bitcoin, says Barry Silbert, the founder and chief executive of SecondMarket and an investor in both companies. When you start talking to companies like Overstock or Amazon (AMZN), theyd only be able to guarantee those rates to a certain transaction amount, he says.

Bitpay processed $100 million in transaction in 2013. I think the system is going to expand as quickly as it needs to, says Stephanie Yargo, the companys vice president of marketing.

Of course, Overstock is unlikely to face a sudden deluge of orders in Bitcoin. Byrne expects orders to be a tiny amount of his overall business. But he is hoping his involvement will help solve Bitcoins chicken-and-egg problem: The only way to decrease volatility is to increase the overall size of the system, and the only way to lure new people in is to have a currency useful enough to be stable.

As for the risk that Overstock will take on, Byrne says the company could sell its Bitcoin every night, capping the amount at stake. But he would prefer to be able to buy derivatives that would allow him to hedge against Bitcoin crashes. Such derivatives dont really exist yet, but he thinks that will change. Silbert agrees. 2014 is the year of Wall Street and Bitcoin, he says, although he does add that Wall Streets involvement in a market isnt likely to have a calming effect.

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Overstock.com Shoppers Can Now Pay With Bitcoin

The World’s Smallest Political Quiz – HOME – The Advocates for …

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The Moronic Scribblings of Caiden Cowger – Chapter 4: ‘Immorality’ – Video


The Moronic Scribblings of Caiden Cowger - Chapter 4: #39;Immorality #39;
It #39;s here, folks. The Mass Psychology of Fascism: http://en.wikipedia.org/wiki/The_Mass_Psychology_of_Fascism Race and the drug war http://www.drugpolicy.org...

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The Moronic Scribblings of Caiden Cowger - Chapter 4: 'Immorality' - Video

Juan Williams Defines Himself As A Libertarian – Is Juan trying to one up for LIE of the Year? – Video


Juan Williams Defines Himself As A Libertarian - Is Juan trying to one up for LIE of the Year?
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Montgomery County, PA Libertarian Holiday Party and Monty Award Ceremony 2013 – Video


Montgomery County, PA Libertarian Holiday Party and Monty Award Ceremony 2013
Monty award recipients include Josie the Outlaw, Steve Piotrowski of Citizens for Liberty, NA Poe and Steve Miller-Miller of The Panic Hour, Fernando Salguer...

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