Common Sense with Paul Jacob

Jefferson’s Achievements

Thomas Jefferson, birthday, slavery, freedom

In 1743, on April 2, Thomas Jefferson was born. But the old Julian calendar was superseded in 1752, so we now mark his birthday as April 13.

Thomas Jefferson wrote the first draft of the United States’ Declaration of Independence. He authored the State of Virginia’s Statue of Religious Freedom, which disestablished the Episcopalian Church, thus officially beginning the long process of what he referred to as “building a wall of separation between Church and State.”

He followed Patrick Henry as Governor of Virginia, and was in that position when it was attacked by British forces (led by Benedict Arnold and Gen. Cornwallis). He later served as the first Secretary of State of the new union, and then as its second Vice President and third President. He wrote one book, Notes on the State of Virginia (1785), and translated several others, including Volney’s Ruins of Empires (1802) and Destutt de Tracy’s A Treatise on Political Economy (1817). He designed the first campus of the University of Virginia, and managed its founding.

Thomas Jefferson was a man of achievement, yes; but mostly he is associated with the idea of freedom.

Yet, he was also a slave-owner. His several attempts to limit the severity and extent of slavery were mostly beaten back. And his personal involvement with slaves (he likely sired several children with his late wife’s half sister, a slave) was even more tangled.

Some people say this disqualifies Jefferson from current praise.

I’m not in that camp. It seems to me less than honest not to esteem him for helping us declare that “all men are created equal” . . . and outright foolish to ignore Mr. Jefferson’s lifelong agitation for a more equal freedom under law.

This is Common Sense. I’m Paul Jacob.

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Tags birthday, Declaration of Independence, freedom, slavery, Thomas Jefferson

Thought

Rose Wilder Lane

This is the nature of human energy; individuals generate it, and control it. Each person is self-controlling, and therefore responsible for his acts. Every human being, by his nature, is free.

Rose Wilder Lane, Discovery of Freedom (1943).

Today

Thomas Jefferson

On April 13, 1743, Thomas Jefferson was born. Author of Notes on the State of Virginia and the first draft of the United States’ Declaration of Independence, Jefferson was also a scientist, philosopher, inventor, diplomat, and American politician. He also composed music, designed buildings, and translated works from his favorite French writers, whom he had met in his diplomatic missions to Paris.

folly free trade & free markets ideological culture moral hazard national politics & policies

Cranks for President

Donald Trump, Bernie Sanders, cranks, nuts, populists, illustration

Some of us who think of ourselves as populists — or just ordinary people, hence “outsiders” — are having a hard time this political season. The two most talked-about outsider candidates, billionaire Donald Trump and socialist Bernie Sanders, make for strange populists.

A billionaire as a “man of the people”? Not very plausible. It is his lack of a self-censor, his free-wheeling, stream-of-conscious grade-school-level discourse, that impresses many folks. Definitely not scripted.

A socialist as populist? Socialism, long associated with elitists, would put the State into every area of everyday life. Most folks with horse sense resist that.

But Trump and Sanders do have something in common. They rely upon common misconceptions about everyday market life. They both fan the flames of conspiracy theories about prices.

When the price of fuel was spiking a few years ago, Bernie Sanders warned us: “Forget what you may have read about the laws of supply and demand. Oil and gas prices have almost nothing to do with economic fundamentals.” It’s all greed, you see: arbitrary power.

But, as Daniel Bier reminds us at The Freeman, believing that businesses are superpowers out to screw us with ever-rising prices, unhampered by supply and demand, is not just socialist silliness, it’s Billionaire Trump silliness, too — four years ago, the developer not only trumpeted the idea that we simply threaten OPEC for lower prices, but suggested we actually seize foreign oil fields.

This is not common sense. It’s crankism.

It’s the kind of thing folks say when they’re drunk.

Maybe on power.

This is Common Sense. I’m Paul Jacob.

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Tags 2016 Presidential race, Bernie Sanders, cranks, Donald Trump, populism, Presidential campaign 2016

Thought

H. L. Mencken

[T]he average workingman has before him two practicable methods for satisfying his will to power. By the first method he enters into a conspiracy with other workingmen . . . endeavor[ing] to raise the market value of their skill without offering any corresponding improvement in its quality. By the second method, the individual workman seeks so to improve his own skill that it shall bring more than the average price.

H. L. Mencken, in Robert Rives La Monte and Mencken, Men versus The Man (1910).

Today

Armen Alchian

On April 12, 1914, American economist Armen Alchian was born. His contributions to economic theory and teaching were many and varied — his textbook, co-authored with William R. Allen, University Economics (also titled Exchange and Production), was widely considered one of the finest intermediate texts in microeconomics — but he remains perhaps best known for his work on property rights.

Alchian died in 2014, in late February, at the age of 99.

free trade & free markets general freedom ideological culture individual achievement media and media people national politics & policies

Parker and the Pope

Kathleen Parker, Pope Francis, Bernie Sanders, economic fairness

Kathleen Parker is far from my favorite columnist, but her Sunday column comparing Pope Francis and presidential aspirant Sen. Bernie Sanders regarding their shared message on economic fairness and equality of outcomes was well worth the effort.

She treats the men differently. She gives Pope Francis a pass because, as a religious leader, he “wants to raise consciousness about our obligation to the less fortunate,” while bashing Sanders, the politician, who “wants to restructure America’s economic institutions to ensure that money trickles down — mandatorily rather than charitably.”

“Let’s face it, most of us work hard . . . for a paycheck.” So Parker pointedly asks, “As the tax man chisels away at such monetary rewards, where goes the incentive to work hard?”

How persuasive — encouraging actual, real-world achievement — would a Sanders Four Year Plan be?

Addressing the Pope’s harsh words for individualism, Parker argues, “The ‘rampant individualism’ that Francis condemns is precisely what has driven American ingenuity, entrepreneurship and a level of prosperity unmatched in human history.”

Precisely.

In other words, maybe — just maybe — we did build it. Through our own sweat and toil. Individualism is decidedly not big government. And it is not public-private crony capitalism, either.

So, considering that it was America’s laissez–faire-ism that created such great wealth and prosperity, which presidential candidates are promising a return to more robust and vivacious individualism?

Not the ones promising everything. Nor the one promising the “best deal.”

The job of the next heroic leader will be to shovel whole layers of intrusive government out of our way.

Parker seems on board, boasting, “This is common sense.”

Hey, wait a second, Kathleen, that is my line. I’m Paul Jacob.

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Tags Bernie Sanders, equality, fairness, individualism, Kathleen Parker, Pope Francis

Today

Buchenwald

On April 11, 1945, the American Third Army liberated the Buchenwald concentration camp, near Weimar, Germany, a camp that would later be judged second only to Auschwitz in the horrors it imposed on its prisoners.

Among those in the camp saved by the American soldiers was Elie Wiesel, who would go on to win the Nobel Peace Prize in 1986.

Shown in photograph: German citizens ushered to the camp by American soldiers, post-conquest.

Thought

Rose Wilder Lane

When Government has a monopoly of all production and all distribution, as many Governments have, it can not permit any economic activity that competes with it. This means that it can not permit any new use of productive energy, for the new always competes with the old and destroys it. Men who build railroads destroy stage coach lines.

Rose Wilder Lane, Discovery of Freedom (1943).

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