Nullification

There seems to be a reshaping of our republic going on lately with citizens of many states showing themselves as uncomfortable with the size and scope of government. 

Now I know just using the phrase “size and scope” of government seems like John Birch Society bunker dwelling language but in the modern age of government creep, the idea is reaching across the left/right political spectrum.

Sure 20 states have given the go ahead to sue the federal government on the basis that elements of Obamacare is not constitutional.  What would you expect from a bunch of right-wing nutjobs anyway, right? 

But now California has put on the ballot an initiative to legalize marijuana.  Now forget about the compassion argument of allowing California’s sick and infirmed access to the weed, we’re talking about full-on legalization.  Just putting this on the ballot is giving the citizens the choice of whether they want to abide by a federal law or not.  This sort of democracy is not exactly the sort of right of center thinking you’d expect from those openly questioning the “size and scope” of government.  President Obama’s administration has stated in a preemptive strike that they will “aggressively” enforce the Federal Controlled Substance laws no matter how California may decide to vote.

Thomas Woods wrote what I consider to be the best modern day discussion of Nullification and discusses it here in this video Interview with a Zombie.  Woods breaks through the popular notions that nullification is just a veiled term used to give cause for bigots to deny rights to some vulnerable minority.

Our federal government has over reached into our lives to such idiotic proportions that they’ve made enemies on both the left and the right.  And while that’s not necessarily surprising, it is however very surprising that those on the left and right are actually doing something about it.

More help from the Fed!

While China and Japan fight over who should top of the list of US Treasury Bills, there is a 3rd challenger making its way toward the top…The Federal Reserve itself!

The higher the Fed goes up on this list the less likely anyone else is finding a US Treasury Bill inviting.  There is only so far China is willing to devalue their own currency to keep pace with ours.  Ya know about that right?  The reason you can only buy things made in China is because, as our own currency loses its value, they become one of the few countries that matches our own devaluation. 

In a healthy economy if our currency became devalued it would be CHEAPER to build things in the USA.  Countries would see our value and relatively skilled workforce as an invitation to build their products by American workers but when China is your banker…you never really catch up as a country…even when your money buys less.

Now that in the last two years of the Bush administration and the first two of Obama’s we’re experiencing our once every three decade reminder that Keynesian economics fails about every time it’s tried.

And while I’m already not looking forward to hearing all of my so-called progressive friends whine and doing their best Henny Penny impression when so many Democrats are going to lose in November…I simply don’t see many of our countries idiotic monetary policies stopping.  

Don’t worry, I’m sure the geniuses at the Fed will figure it all out.