Categories
Today

Patriot McKean born, Versailles Treaty rejected, Nevada gambling passed

On March 19, 1734, patriot Thomas McKean was born in Pennsylvania. McKean went on to sign the Declaration of Independence and to serve as president of the state of Delaware, chief justice of Pennsylvania’s Supreme Court and president of the U.S. Congress under the Articles of Confederation.

On March 19, 1920, for the second time, the United States Senate rejected the Treaty of Versailles, negotiated after World War I.

On March 19, 1931, with the state suffering from the economic Great Depression, Nevada’s legislature passed legislation legalizing gambling.

Categories
First Amendment rights

Speech Results

You often hear people who support campaign finance laws say that the First Amendment isn’t about money, “just speech.” These folks despise the Citizens United decision that forbade, under the First Amendment, regulation of groups of people (“corporations,” profit or non-profit) pooling money to advertise and promote ideas and arguments and slogans and such.

Though many are First Amendment extremists on other matters, desiring no government interference of protests or movies or the Internet, when it comes to politics they fear “Big Money.” So they want to censor speech that some groups would push near elections.

It turns out, of course, that the effects of the Citizens United decision have been mostly beneficial, as Tim Cavanaugh points out in Reason. As a result of that infamous decision, local political races have been “shaken up”; the decision “guaranteed ‘big laughs’” in many humorous political commercials that were all-too-rare before; interest groups have been freed of the old yoke of the major parties; the GOP presidential nomination process has been made far more competitive; and even President Obama, the Citizens United critic-in-chief, has raised millions under the auspices of the organizations the decision allowed to operate — so he apparently likes it, too.

The blessings of “more speech” are pretty obvious — if one looks for them. But for those with a prohibitionist mindset, who fear a wide open public discussion, they’ll no doubt hate actual free speech. As protected by the Citizens United decision.

This is Common Sense. I’m Paul Jacob.

Categories
Thought

Grover Cleveland

What is the use of being elected or reelected, unless you stand for something?

Categories
Today

Stamp Act out, Cleveland born, Jap-Amer internment order, Gold reserve repealed

On March 18, 1766, the British Parliament repealed the Stamp Act, after four months of major protests in America.

On March 18, 1837, Grover Cleveland was born in Caldwell, New Jersey. Cleveland would go on to win the popular vote for president three times, and to be elected the 22nd and 24th President of the United States. He opposed high tariffs, inflation, imperialism and subsidies to business, farmers or veterans.

On March 18, 1942, President Franklin Roosevelt issued Executive Order 9102 establishing the War Relocation Authority to specifically abridge the constitutional rights of Japanese Americans by taking them into custody without any criminal charge. Over 120,000 citizens were forcibly relocated into internment camps.

On March 18, 1968, the U.S. Congress repealed the requirement for a gold reserve to back paper money in the U.S.

Categories
links

Townhall: Diving for Pearls

My Townhall column, this weekend, is entitled “Diving for Pearls.” Give it a look, why not?

And then come back here to check out these relevant references and links:

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Categories
video

Video: Gas Prices

Earlier this week I touched on gasoline prices. One factor I didn’t mention (but which is getting a lot of coverage, now) is the weakening dollar. This humorous video points the finger at “The Bernanke”:

I am not certain about the argument here, though. So I look around for alternatives views. It turns out that David Henderson made the almost same argument as I did: saber rattling is a major factor in the world price of oil, and earlier on EconLog he argued against the inflationary explanation of today’s rising gas prices. (But Henderson assumes that inflation is an equilibrium price phenomenon. As I understand it, the Misesian view of inflation is that the price-upward pressure of inflationary monetary policy proceeds with a lag, and initial price rises tend to be sectoral, so we might expect some markets to be affected by new money first. Like housing was in the last bubble, like stocks are in most bubbles, like . . . gas?)

I am sure of one thing: There is going to be a lot more talk on this subject. I hope some of it is as amusing as the above cartoon.

Categories
Thought

Nelson Mandela

“I have fought against white domination, and I have fought against black domination. I have cherished the ideal of a democratic and free society in which all persons will live together in harmony with equal opportunities. It is an ideal which I hope to live for, and to see realised. But my Lord, if needs be, it is an ideal for which I am prepared to die.”

Categories
Today

End Apartheid Referendum says, Brits leave Boston, St Pat dies

On March 17, 1992, white South Africans went to the polls to vote on a referendum supporting the reforms negotiated by State President F.W. de Klerk two years earlier, in which de Klerk proposed to end the apartheid that had begun in 1948. The vote was nearly 69 percent in favor, leading to the apartheid being ended.

On March 17, 1776, British forces evacuate Boston, Massachusetts, after George Washington and Henry Knox place artillery in positions overlooking the city, thus ending the 11-month Siege of Boston.

On March 17, 461 A.D., Saint Patrick, the Christian missionary, bishop and apostle of Ireland, died.

Categories
Thought

James Madison

“Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives.”

Categories
Today

Madison born, My Lai

On March 16, 1751, James Madison, known as “the father of the Constitution,” was born in Virginia. Madison went on to draft of the Constitution, record of the Constitutional Convention, author many of the Federalist Papers and serve for two terms as the fourth president of the United States.

On March 16, 1968, a platoon of American soldiers, led by Lieutenant William Calley, killed between 200 and 500 unarmed civilians at My Lai, in a search-and-destroy mission near the northern coast of South Vietnam. Villagers were raped, tortured and dozens of people dragged into a ditch, including children, and murdered in mass. The massacre ended when helicopter pilot, Warrant Officer Hugh Thompson, landed his aircraft between the soldiers and the retreating villagers and threatened to open fire unless the soldiers ended their attack.