Tag Archives: Golden Rule

Marx and Rand together in perfect harmony set for release!

4/25/2013 Portland, Oregon – Pop in your mints…

As the financial world continues to turn in an ever inflated manner, we have been diligently working to complete the latest volume of the Why what we use as Money Matters series before the joyous distractions of summer in the Northwest call us away.

The following is an excerpt of Volume VI in the series, entitled Natural Law and the Theory of Economic System Fluidityis perhaps the most important volume because it forms the ideological core of our economic treatise.

Enjoy and stay fresh!

Marx and Rand together in perfect harmony

It is increasingly important that mankind take adequate time to pause and reflect as to what ideology is being tacitly or actively pursued as a guide for his daily toils.  As the collective efforts of mankind reach an effectiveness that was unimaginable a generation ago, the throws of human action are having a profound impact not only on an increasingly interconnected global economy, but on the very earth which mankind has been entrusted with.

Natural Law and the Theory of Economic System Fluidity
Natural Law and the Theory of Economic System Fluidity

It is no longer a safe assumption that the natural world can perpetually work to correct the mistakes in favor of mankind.  A deep examination of our motives in light of the Golden Rule is desperately needed to ensure a prosperous future for many.  The key to material prosperity is allowing mankind to tacitly coordinate his varied productive efforts by promoting the ideals of true capitalism in large scale dealings, for it is the ideology which best allows mankind to respond to the incessant demands of natural law. Continue reading Marx and Rand together in perfect harmony set for release!

What is Truth?

3/15/2013 Portland, Oregon – Pop in your mints…

Our latest E-book in the “Why what we use as Money Matters” series: What is Truth?  On the Nature of Empire, has now shipped and will soon arrive on digital shelves across the Internet.

What is Truth?  On the Nature of EmpireIn the twenty first century, it has become clear to most that there is no divine right or imperative for the existence of an Empire on the earth. As such, an ever-increasing number of peoples have thrown off the yoke of Empire in favor of what has become known as a democratic model of collective governance. Yet simply changing the rules of governance has not put an end to the core ideals of Empire, and governments today that are elected democratically have largely retained the hallmarks of Imperial rule, namely the tendencies toward a central monopoly on the use of force and the right to demand tribute. How can this be?

The purpose of this volume is to gain an understanding of the true nature of Empire and, to convince the reader that Empire, and by extension large scale government, is not only unnecessary, but a great hindrance to human progress. This volume also explores why the Imperial model virtually ensures that the worst elements of humanity will rise to power, where they will ultimately impose their will on their fellow humans by violence. For the violent outcomes that Empires invariably produce are not exceptions to the rule, nor are they merely the norm.

They are literally guaranteed by design.

Once we have grasped the true nature of Empire, we will then will explore the only known antidote to Empire and the only possible means for mankind to rid itself of the lethal effects of Empire on the earth. And it is probably like anything you have imagined.

It is now available and can be enjoyed on SmashwordsAmazon’s Kindle, and Google Books.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for March 15, 2013

Copper Price per Lb: $3.51
Oil Price per Barrel: $93.21
Corn Price per Bushel: $7.16
10 Yr US Treasury Bond: 2.01%
FED Target Rate: 0.14% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,596 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.7%
Inflation Rate (CPI): 0.7%
Dow Jones Industrial Average: 14,481
M1 Monetary Base: $2,466,100,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base: $10,499,300,000,000

On the nature of Empire, Part III: What is Truth?

9/10/2012 Portland, Oregon – Pop in your mints…

The distinction between the failed “Might makes right” mentality, which is the ideological base for all Empires, and what we have termed the better way, which can be summed up in the words of the Golden Rule:  “Love your neighbor as you love yourself,” was made clear to all in an event that can only be adequately described as the flashpoint in human history, the moment which literally opened the possibility to choose the better way.

This critical moment is related for us in the Gospel of John, chapter 18, verses 37 and 38:

37 “You are a king, then!” said Pilate. Jesus answered, “You say that I am a king. In fact, the reason I was born and came into the world is to testify to the truth. Everyone on the side of truth listens to me.”

38 “What is truth?”retorted Pilate. With this he went out again to the Jews gathered there and said, “I find no basis for a charge against him.”

John 38: 17-18
a papyrus shroud containing the text of John 38: 17-18

For those unfamiliar with the scene, which is expounded upon in John 38:28-40, this historic exchange between Jesus and the Roman Governor Pilate takes place in Pilate’s residence, which is referred to as the Roman Governor’s Palace, in Jerusalem on the day before the Jewish Passover in what is now known as the year 33 CE according to the Gregorian calendar.  It was witnessed by none other than the Apostle John.  It is evident by its inclusion in John’s gospel that He grasped the full importance of the exchange.

For John was witnessing the start of a revolution.

Pilate, the governor, was Rome’s representative in Jerusalem, capital of the rebellious province of Palestine.  He spent his days tempering an uneasy peace between Caesar and the Jewish majority of the region.  His life was a daily exercise of the compromising principles and choosing the lesser of evils.  Perhaps more than any historical character, He represents the inescapable consequence of humanity orienting itself by the “Might makes right” mentality and the ever present fear that it engenders.

Pilate was the embodiment of Empire.

Jesus before Pilate by Nikolai Ge 1890
Pilate utters the lament of Empires across the ages: “What is truth?”

His reply to Jesus’ statement about everyone on the side of truth listening to him (Jesus), “What is truth?” is neither a contemptuous mock of Jesus, nor an honest question, rather, it is an exasperated utterance of a man whose life has been reduced to endless compromises, and has seen that the lesser of evils is, in any and every case, necessarily evil.

One must wonder how many heads of state today utter these same words as they contemplate the clear moral law in contrast to what they have been called to do in this life.

How many career military men, after carrying out an assault on the enemy, have grappled with this lament in their souls?

Each of them may grapple, if indeed they pause to reflect on such matters, with a contradiction which has been eloquently expounded by Adin Ballou, who wrote a significant body of work on peaceful resistance, in his pamphlet entitled:  “How many Men are Necessary to Change a Crime into a Virtue?”

“One man may not kill. If he kills a fellow-creature, he is a murderer. If two, ten, a hundred men do so, they, too, are murderers. But a government or a nation may kill as many men as it chooses, and that will not be murder, but a great and noble action. Only gather the people together on a large scale, and a battle of ten thousand men becomes an innocent action. But precisely how many people must there be to make it so?–that is the question. One man cannot plunder and pillage, but a whole nation can. But precisely how many are needed to make it permissible? Why is it that one man, ten, a hundred, may not break the law of God, but a great number may?”

Yeah, it is a contradiction that rightfully haunts thinking persons the world over to this day.

Que es la Veritat
The question that haunts thinking persons the world over to this day, “I que es la veritat?” (“And what is truth?” translation from original Catalan) highlighted by Antoni Gaudi the Passion facade of the Sagrada Familia in Barcelona. (Photo by Etan J. Tal)

At this flashpoint in history, Pilate speaks for all of them.  The Might makes right system, which must avail itself to represent the truth in a vain attempt to cloak itself with a shred of legitimacy, leaves its thinking adherents searching in vain for a truth that ultimately relies on the fragile force of arms to perpetuate itself.

On the other side of the truthless void embodied in the person of Pilate, is Jesus, the Messiah.  Jesus brought the truth with Him wherever He went.  As He stood, soon to be condemned to death by the Might makes right mentality which was swallowing the world, He embodied the truth as never before.  John witnessed this moment in the governor’s palace and remained shocked to the end of his days.

The Apostle John
The Apostle John, witness to the watershed moment in human history

To Pilate’s lament, “What is truth?” Jesus replies, then and forevermore: “God Forgives.”

In doing so, He ratified what he had preached in the Sermon on the Mount, to turn the other cheek, what is know today as the doctrine non-resistance.

Ever since that fateful day, which represents THE watershed moment in all of human history, mankind has had the choice to chose the Golden rule, “Love your neighbor as you love yourself,” over the self destructive system of Might makes right.  For Jesus represents the clear change in God’s relationship with mankind.  God would no longer claim His ultimate authority on the failed Might makes right philosophy, for there is none mightier than the Living God.  Rather, He chose to cleanse the world through Jesus, the ultimate example of non-resistance.

Jesus’ crucifixion served as an indictment to every soul who would claim triumph by defeating others.  It served notice of the moral bankruptcy of the world system.  For over 2,000 years, those who have stopped at the cross to soak in the message, as John did, have been relentlessly making the world a better place.

In His resurrection, Jesus shattered every excuse for those who believe in Him to cling to the failed system of Might makes right, for to cling to the system is to live in constant search of, or worse, a fear of a truth which has already been revealed.  It is to deny that the kingdoms of this world are perishing and the the Kingdom of God is advancing EVERY DAY.

The Christian, then, has no moral standing when embracing the “Might makes right” mentality in defense of property and even life.  Jesus showed us the better way, the way to the Father.  He is preparing for us a home in God’s Kingdom, where the rule of Might makes right is vanquished, where peace is permanently established and treasures are secure, for the Golden Rule reigns supreme.

Yet the true irony and divine beauty of embracing the doctrine of non-resistance here and now is that it serves to enhance both the peace and security of the adherent.

Why not give peace a chance?

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for September 10, 2012

Copper Price per Lb: $3.62
Oil Price per Barrel:  $96.28
Corn Price per Bushel:  $7.81
10 Yr US Treasury Bond:  1.68%
FED Target Rate:  0.16%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,724 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  8.1%
Inflation Rate (CPI):  0.0%
Dow Jones Industrial Average:  13,254
M1 Monetary Base:  $2,385,400,000,000
M2 Monetary Base:  $10,002,100,000,000

On the nature of Empire, Part II: The better way

9/4/2012 Portland, Oregon – Pop in your mints…

In our last correspondence, we began to explore the nature of Empire and found that it is necessarily founded and maintained by a prevailing “Might makes right,” mentality.  This mentality has, as its logical end, the effect of destroying the capital stock of a society.  This is accomplished by the wasteful consumption of resources by employing them in both warfare, whose destructive nature need not be further explored, and welfare, which by nature rewards sloth and penalizes productivity.

{Editor’s Note:  Here we must make the clear distinction between charity, which is a voluntary action taken by a willing individuals to help their fellow human beings and welfare, which is a system of Imperially mandated aid which ends in enslavement both for the recipient and provider.}

When confronted with the fatal defect of Empire, the destruction of the capital stock of a society, the Imperial apologist offers support of the Empire as either the lesser of two evils, implying that the ideological alternative, namely: Anarchy, would lead to chaos and an even greater destruction of life and capital or may find support in any number of religious texts for Imperial rule and conclude that submission to government is God’s will.

“I am an atheist with regards to government, for I have chosen to live in the Kingdom of God”

We offered this refrain a mere three months ago as we explored inconsistencies between a belief in God and a belief in the world’s government.  Today, we will take this idea a step further as we present the better way that civil persons over the centuries have searched for and, in their better moments, embraced.

We’ve been inspired to do so by a recent post by Joel Bowman over at the Daily Reckoning entitled: We’re all Anarchists Now.

One of Mr. Bowman’s points is that Anarchy is a concept that has been hijacked.  In the same way that the term Liberalism has come to be associated with social progressives, anarchy has come to be associated with rebellious hoodlums.  However, when properly understood, Anarchy, devoid of the “Might makes right” mentality, is the perfect antidote for the problem of Empire.  As Mr. Bowman explains it:

“Properly understood, the term anarchy, which derives from the Greek anarchia, literally translates an, “without” + arkhos, “ruler.” Freedom from being owned…enslaved…forced against one’s will. Freedom to act voluntarily. Freedom to associate with whomever one so desires and under whatever conditions he or she sees fit…provided they do not diminish the ability of another to enjoy the same freedom.”

In other words, Anarchy declares that, all at once, there are no sovereigns and that every individual is sovereign.  You can understand why this may upset those who cannot begin to imagine  this worldview.

As for those who would support the “necessary evils” of perpetuating the Empire on religious grounds, we offer the following:  Were the Empire to truly be God’s agent on earth, it would cease to exist.

The Kingdom of God is Within You
“The Kingdom of God is Within You”

From the beginning, God has desired communion with mankind.  It is from a state of perfect communion with God that mankind has fallen, and it is to this state of perfect communion that mankind will return.  How can this perfect communion exist if God requires an earthly, Imperial authority to act on His behalf?

Yet the ultimate solution of Anarchy, where there is no sovereign save God himself or where every individual is a sovereign subject to God, depending upon one’s preferred theology, would be the embodiment of a perfect communion with God.  In fact, it would be the only way in which it is possible.

The problem, then, is not the existence of Empire, the Empire is simply the manifestation of man’s failed belief system that “Might makes right.” It is this failed belief system that must be vanquished.

The better way

Sadly, to study most of human history is to study the violent and destructive embodiment of the “Might makes right” mentality as Empires rise and fall, either to external Empires on the rise or from revolutions from within.  With every violent upheaval, most recently observed in what is now referred to as the Arab Spring, it becomes clear that the populace has simply exchanged one oppressive regime for another.

In fact, as one examines history, it becomes clear that the only true, permanent changes have come about when they are brought about through the use of peaceful resistance.  Who amongst us are not familiar with the name Mohandas Gandhi or Martin Luther King, Jr.?  These men found the key to permanent change lies deep within themselves.

The key has been articulated by Leo Tolstoy in his insightful work “The Kingdom of God is Within You.”

It is the way revealed to us by Jesus, who chose to suffer and die in order to break the disease of ‘Might makes right” in the hearts of everyone.  To open the way for a perfect communion with the Father.

This is the better way.  His action trumped every argument that could ever be made in favor of Empire, and opened the doors to God’s Kingdom, the reign of a Holy God over a perfect Anarchy where the only rule is emblazoned on every heart:

“Love your neighbor as you love yourself”

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for September 4, 2012

Copper Price per Lb: $3.46
Oil Price per Barrel:  $95.35
Corn Price per Bushel:  $8.07  
10 Yr US Treasury Bond:  1.58%
FED Target Rate:  0.14%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,696 PERMANENT UNCERTAINTY
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  8.3%
Inflation Rate (CPI):  0.0%
Dow Jones Industrial Average:  13,036  
M1 Monetary Base:  $2,306,900,000,000
M2 Monetary Base:  $10,032,900,000,000

Natural Law: The Golden Rule

11/15/2011 Portland, Oregon – Pop in your mints…

We continue today with our brief examination of the foundations of society here at The Mint.  We are finding that while society appears complex on the surface, the further that its elements are reduced, the foundation is extremely, perhaps painfully simple.  Any complexity that we experience is not a product of an inherent complexity in natural laws, rather, it is a product of the human relationships and actions that are a result of man’s choice of response to the demands of natural law.

For those of you joining us for the first time, let us get you up to speed with a synopsis:

Anarchy, the lack of government, is man’s natural state.  It is an ultimate given.  It simply is.  A clear understanding of the current state of affairs depends upon grasping this inescapable fact.

In response to Anarchy, man has two choices.  He can choose to mutually cooperate with his fellow man, respecting both his fellow man’s right to live and his right to property, or He can choose to take his fellow man’s life and property through the use of force.  We have called the path of mutual cooperation “True Capitalism” and the path of forceful coercion “Might Makes Right.”

Ideologically, there is no middle ground between these two paths.  In practice, men live at various points on the spectrum between these two ideological extremes.

We argue that True Capitalism is the response which creates the greatest benefits for the greatest number of people.  The proof of the superiority of True Capitalism is that it allows man to best adapt and react to the inescapable demands of Natural Law.  Like Anarchy, Natural Law is immutable.  It does not change, for its statutes are etched in the foundations of the earth itself.

Last Thursday we presented the Natural Law of supply and demand, a law that deals with what is concrete and tangible.  Today we will deal with second law which primarily governs human relationships and works in conjunction with the law of supply and demand.

It is popularly called the Golden Rule.

The Golden Rule is articulated and exalted as an ideal in some form in nearly every society and religion on the planet.  The Bible famously articulates the Golden Rule in the following way:

“Love your neighbor as you love yourself” (Deuteronomy 6:5)

It is important to note that the Golden Rule is a positive declaration.  It is a call to action.  In many societies and religions the Golden Rule is stated in a negative declaration, a command to abstain from action.  An example of this can be found in Hinduism:

“One should never do that to another which one regards as injurious to one’s own self.”  (Anusasana Parva, Section CXIII, Verse 8 )

The negative declaration is sometimes called the Silver Rule.  It is important to understand that only the Golden Rule, the positive call to action, is Natural Law.  Observance of the Silver Rule, while highly advisable, does not rise to the level of Natural law.  However, it is a logical corollary to the Golden Rule.

Compliance with the Golden Rule, as with all natural law, is indispensible.  It is ignored at one’s peril, for it operates regardless of one’s acceptance of its validity or not.  The Truly Capitalistic society greatly facilitates and encourages compliance with the Golden Rule.  Conversely, compliance is hindered in a society that has embraced Might Makes Right as its ideological response to Anarchy.

“Wait a minute,” some of you are saying, “I’ll give you that the Golden Rule is a great ideal but Natural Law?  No one requires it of me, right?”

Remember, the essence of Natural law is that it is universally true and applicable to all.  The law of Supply and Demand, for example, can be ignored for a time, but every moment of ignorance causes the consequences of that ignorance to accumulate further until a final breaking point is reached.  The result of the failure to comply with the law of supply and demand is material scarcity and ultimately death.

The same is true of the Golden Rule.  Every moment of ignorance causes the consequences of that ignorance to accumulate further until a final breaking point is reached.  In the case of the Golden Rule, the result of the failure to comply is by definition a failure to properly comply with the law of supply and demand as well, with the end result, as mentioned above, being material scarcity and ultimately death.

Compliance with the Golden Rule is a necessary prerequisite to compliance with the law of supply and demand, for the Golden Rule governs relationships in the purest sense.  This is evident to most who have taken the time to ponder it.  So broad are the implications of the Golden Rule that the origins of both the rule of law and more recently the concept of human rights can be traced to it.

What thrusts the Golden Rule out of the realm of being simply a good idea and into the realm of Natural Law is this:  All attempts to comply with the Golden Rule serve to coordinate the actions of men in such a way that the greatest number of human needs are met in the most efficient way.  Any deviance from the Golden Rule, by definition, is a failure to meet human needs in the most efficient way.  Again, by definition, failure to meet human needs in the most efficient way means that a greater number of human needs are simply not being met.

Far from being simply a moral standard, the Golden Rule is elemental in the determination of supply and demand.  As the equilibrium price serves as the beacon of production for the law of supply and demand, the actions taken by men, governed by the Golden Rule, initially determine the supply and demand factors which, when combined, produce the equilibrium price.  In this sense, the Golden Rule serves as the beacon for both supply and demand which enable the creation of an initial equilibrium price.

How can the Golden Rule run ahead of the Law of Supply and Demand?  This is one of the beauties of Natural Law.  Natural Law always compliments and never contradicts itself.

An Example of the operation of the Golden Rule

Each human being has needs and wants which are sources of uneasiness.  Human Action, to paraphrase Von Mises, consists of men acting to dispel their most intensely felt uneasiness.  If a man is hungry, he will direct his actions towards getting something to eat.  Other tasks will be put on hold until this intensely felt uneasiness is relieved.

The operation of the Golden Rule, in the example of mans the need to alleviate hunger, operates in the following way.  A man feels hunger.  He has two options before him with which to fulfill this need.  First, he can forage, hunt, fish, or perform any series of actions with the end of fulfilling this need.  Second, he can voluntarily cede some of his production (or production for others via his contribution of labor) or appeal to the charity of someone else in return for something to eat.

As the second way is the most expedient, it is likely that a majority of people will elect this option.  Now reflect upon the Golden Rule:  “Love your neighbor as you love yourself.”  The person who chooses to comply with the Golden Rule will quickly understand that if he has the need to be fed, it is likely that his neighbor (in this sense, neighbor would mean anyone in the geographical realm in which he is equipped to serve, up to every person on the planet if it is possible for him to serve them) is likely to have the same need to some degree.  With this revelation, he unwittingly is on his way to discovering demand.

As he seeks to voluntarily fulfill this demand, he will need to either produce the supply of food himself or he can voluntarily cede some of his production (or production for others via his contribution of labor) or appeal to the charity of someone else in return for a supply of food with which to provide his neighbor with something to eat.  The information that his adherence to the Golden Rule provides him with regarding the needs of his fellow man will serve to guide his speculation as to where to best employ his limited time and capital.

It is a simple example, yet its simplicity serves to highlight the operation of the Golden Rule and can apply to any situation regardless of the complexity.  The Golden Rule, in modern business school lingo, is the origin of market research; it is the impulse for entrepreneurial activity and is the basis for subsequent human actions.

The Question of Charity

What about charity?  Wouldn’t adhering to the Golden Rule quickly lead to widespread scarcity and bankruptcy as catering to everyone’s preference to receive something for free would quickly deplete all available supplies and production?

The answer lies in the Golden Rule itself:  “Love your neighbor as you love yourself.”  Would you like to provide something for someone and not receive compensation?  Our guess is only if you are in a position to give something away and are willing to do it.  If all members of society are complying with the Golden Rule, the norms of charity will fall under the governance of the law of supply and demand.

The beauty, the perfection, of the Golden Rule is that above all it demands balance in human relationships and by extension, balance in the supply and demand of material goods.

True Capitalism Enable Compliance with the Golden Rule

True Capitalist ideology completely subjects itself completely to the Golden Rule and, in return, most accurately directs human actions towards fulfilling the most urgently felt needs of the greatest number of people. 

Inefficiency is naturally wrung from the system at its source as errors are quickly corrected and information is quickly disseminated via equilibrium prices.  The proper identification of demand by default leads to the most efficient allocation of scarce resources possible.  The liberty of life and property which is ensured in the Truly Capitalistic system allows men to supply this demand by employing their limited time and resources without unnecessary hindrance.

The Golden Rule may not provide everyone with what they expect or what they think they desire, but complete submission to it not only creates the most efficient allocation of resources, it gives humans the best information to base their attempts to mutually cooperate to fulfill the myriad of human desires.  It has the added social benefit of creating the greatest amount of harmony and goodwill possible in human relations.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for November 15, 2011

Copper Price per Lb: $3.49
Oil Price per Barrel:  $99.39

Corn Price per Bushel:  $6.45
10 Yr US Treasury Bond:  2.06%

FED Target Rate:  0.08%  ON AUTOPILOT, THE FED IS DEAD!

Gold Price Per Ounce:  $1,781 PERMANENT UNCERTAINTY

MINT Perceived Target Rate*:  2.00%
Unemployment Rate:  9.0%
Inflation Rate (CPI):  0.3%
Dow Jones Industrial Average:  12,096  

M1 Monetary Base:  $2,215,000,000,000 RED ALERT!!!  THE ANIMALS ARE LEAVING THE ZOO!!!
M2 Monetary Base:  $9,532,200,000,000 YIKES UP $1 Trillion in one year!!!!!!!