by Donald W. Miller, Jr., MD: Enjoy
Saturated Fats, They're Good forYou!
Generation X, born 1962 to 1981, and Generation Y, 1982-2004, are
rallying behind Ron Paul in his run for president. Media commentators
find it odd that people under the age of 40 in the X Generation
and especially voters under age 30 in the Y Generation are so taken
with this unassuming, soft-spoken 76-year-old candidate. Ron Paul
is in the Silent Generation, whose members are now 70 to 87 years
of age (born 1925-1942).
show that Ron Paul won the majority of voters under age 40 in the
Iowa caucus and in the New Hampshire primary. He received 21.4 percent
of the votes in Iowa (first-place Rick Santorum got 24.6 percent)
and came in second in New Hampshire with 22.9 percent of the votes
(first-place Mitt Romney got 39.3 percent). More voters under age
30 chose Ron Paul over the other candidates in the South Carolina
primary and Nevada caucus. He garnered 41 percent of the under 30
vote in Nevada — Mitt Romney got 36 percent; Newt Gingrich, 16 percent;
and Rick Santorum, 7 percent. But only a small minority of older
people has voted for him, as was especially evident in the Florida
The History of America's Future, 1584-2069 (1991) and The
Fourth Turning: An American Prophecy (1997), William Strauss
and Neil Howe examine the four main generations alive today, including
the Boom ("Baby Boomer") Generation, born 1943-1961. They
show how these generations mirror ones in the past. They note that
a "Young Hero and Elder Prophet" pairing occurs repeatedly
in history, myth, and art, as with Joshua and Moses in the Old Testament,
the Gray Champion in Colonial America, King Arthur and Merlin in
Celtic myth, Tolkien's Frodo and Gandalf, and Luke Skywalker and
Obi-Wan Kenobi in Star
Wars. In Star
Wars, Episode IV, Obi-Wan Kenobi instructs Luke in the ways
of the Force and in Episode VI tells him that killing Darth
Vader (his father) is the only way to destroy the evil Galactic
Empire. And as Joseph Campbell, the American mythologist, notes,
the young hero's close bond with a wise elder is essential to his
Champion" precipitated the Boston Revolt of April 1689, mounted
to protest King James II's increasingly autocratic rule of the British-American
colonies. As Nathaniel Hawthorne describes it in his Twice-Told
Tales, the King-appointed governor of New England marched
British troops through Boston to intimidate the public and quell
any thoughts of colonial self-rule. Hawthorne writes:
there was seen the figure of an ancient man, who seemed to have
emerged from among the people, and was walking by himself along
the center of the street, to confront the armed band. He wore
the old Puritan dress, a dark cloak and a steeple-crowned hat,
in the fashion of at least fifty years before…”
champion with a manner "combining the leader and saint"
commanded the soldiers to stop; and "at the old man's word
and outstretched arm, the roll of the drum was hushed at once, and
the advancing line stood still." Then, "inspired by this
single act of defiance, the people of Boston roused their courage
and acted. Within the day, Andros [the governor] was deposed and
jailed, the liberty of Boston saved, and the corner turned on the
colonial Glorious Revolution." This revolt led to the American
Revolution 85 years later.
Ron Paul is
the Obi-Wan Kenobi and Gray Champion of our time, and the Darth
Vader of our U.S. Empire is the Federal Reserve.
Reserve System, with its network of twelve regional private banks,
was established in 1913. The Fed is the country's third central
bank (the first two, established in 1791 and 1816, each lasted for
20 years). The Fed issues token coins and paper dollars, and creates
and transfers unlimited amounts of computer-generated digital money.
Manufacturing money this way, during its 99-year existence the Fed
has destroyed 98.8 percent of the value of the dollar, as calculated
by the Shadow Government Statistics (SGS)-Alternate-Consumer Price
Index (CPI). Using this measure of inflation, a basket of goods
and services that cost $100 in 1913 now costs $8,204! (Even the
Bureau of Labor Statistics admits that the dollar has lost 96 percent
of its value since 1913, with that $100 basket of goods and services
now said to cost $2303.) Using the more accurate SGS-Alternate-CPI,
the greatest drop in the dollar's value, 95.1 percent, has occurred
since 1971, when president Nixon severed the dollar's last remaining
link with gold, turning it into an effortlessly issued fiat currency.
(A fiat currency is one that has no hard asset backing it such as
gold and derives its value from government edict.) Like a virulent
virus, the Fed has infected the U.S. dollar and made it grow like
Flu pandemic of 1918-1921 killed somewhere between 20 to 40 million
people (including my 22-year-old grandmother and my wife's 23-year-old
grandmother). What the Fed does could result in an equally dire
hyperinflationary economic collapse, similar to what happened in
the Weimar Republic, Austria, and Hungary in the 1920s, Argentina
in 1989, and Zimbabwe. (A practical definition for hyperinflation
is that the country's largest pre-inflation bank note — for the
U.S., the $100 bill. — becomes worth more as toilet paper, or for
stoking a fire, than as a currency. The currency remains "current"
but no longer serves as a medium of exchange.)
Dr. Paul prescribes
an Austrian cure for our country's economic problems (see below).
A professor at the University of Vienna, Carl Menger (1840-1921),
founded the Austrian School of Economics, which is named for its
country of origin. (Government officials and economists in Austria
do not follow or endorse "Austrian Economics.") This branch
of economics studies the action of individuals in the marketplace
and puts forward a subjective theory of value. It explores important
subjects like marginal utility (the
amount of benefit
derived from consuming one additional
a concept that debunks the labor theory of value), moral hazard
(where being covered against loss increases risk taking — executives
at the leading investment banking and securities firm, Goldman Sachs,
make a bad, multibillion dollar investment in AIG, and the government,
i.e., U.S. taxpayers, bails them out), and malinvestments
(making the wrong kind of investments, like building too many shopping
malls, encouraged by Fed-set artificially low interest rates). Austrian
economists don't spin their wheels constructing mathematical models
of the economy on a large, "macroeconomic" scale, something
that Keynesian economists like to do and which have little bearing
on the real world of human action. In contrast to pump-priming,
big government Keynesianism, Austrian economics stresses the importance
of free markets and a stable currency for economic calculation and
a young age, Americans need to learn the basics of Austrian Economics
and appreciate how it restores economic health. But government schools
do not teach Austrian economics or the concomitant Jeffersonian
vision of individual liberty. These subjects make a compelling case
for limited government and are thus politically incorrect.
role of government schools, where 90 percent of U.S. children are
educated, is to inculcate, in the words of John Calvin, "the
duty of obedience to rulers." Government-employed bureaucratic
officials determine what political and economic ideas children are
to be taught. Compulsory government schooling has become a zero-tolerance,
one-size-fits-all, dumbed-down operation that focuses on social
engineering rather than on learning and individual achievement.
James Ostrowski, in Government
Schools Are Bad for Your Kids, puts it this way: "[The
government school] produces barely literate, historically ignorant,
uncultured lovers of big government." Sadly, public schools
have evolved into prison-like indoctrination centers that children
and adolescents in the Y Generation currently endure — six and seven
hours a day for thirteen years. For a sobering assessment of what
our nation's public schools have turned into, watch the online documentary
on tagtele.com titled "War on Kids," available HERE.
there is reason for hope.
of support by young people for Ron Paul is truly heartening. In
Texas, for example, students at the Hudson Middle School in Hudson
overwhelmingly cast ballots for Ron Paul in the school’s mock GOP
primary, "after spending weeks studying the candidates’ views
on the issues and watching debates among the hopefuls" according
to a newspaper account, which reported: "They liked Paul’s
anti-war stance, as well as his willingness to talk straight and
not attack his opponents to make a point. u2018He’s just like this down-to-earth
dude who just seems like he knows what he’s doing,' seventh-grader
Danielle Heidkamp said."
Y members like Danielle will carry the Ron Paul banner forward.
The Y Generation is also named the "Millennial Generation,"
coming of age as it is at the beginning of a new millennium. This
generation must cope as young adults with the unfolding global financial
crisis. When the Baby Boomer generation was growing up in the 1950s
and 60s U.S. government debt increased $2.5 Billion a year.
Life was good. Today, with the Millennial Generation coming of age,
U.S. government debt increases by $2.5 Billion every 16 hours.
After the housing
boom peaked in 2006 and foreclosures began to mount, the so-named
"Millennial Crisis" began in February, 2007 when the Federal
Home Loan Mortgage Corporation (Freddie Mac) announced that it would
no longer buy subprime mortgages or mortgage-related securities
(collateralized debt obligations). The Y Generation facing this
crisis today bears some likeness to the GI Generation, born at the
beginning of the last century (1901-1924), who became young adults
during the last big crisis in U.S. history, the Great Depression
and World War II. Strauss and Howe see the GI and Y generations
as both manifesting a "Hero" archetype — can-do heroes
and competent pragmatic managers who possess confidence and optimism.
Howe name Generation X the "13th Generation"
because it is the thirteenth one to call itself "American,"
beginning with the Awakening Generation born 1701-1723. The Glorious
Revolution (Revolution of 1688) brought this about, which dethroned
King James II and led Parliament to pass the 1869 English Bill of
Rights, called "An Act declareing the Rights and Liberties
of the Subject and Setleing the Succession of the Crowne."
This Act enabled people in the American colonies, emboldened by
the Boston Revolt and this Bill of Rights, to see themselves as
distinctly American and not servile British subjects.
view human history as a linear process. Beginning with Theodore
Roosevelt and Woodrow Wilson early in the last century, progressives
have sought to expand government power and use it to effect what
they consider to be beneficial social, political, and economic change.
They are notable for launching the FED, an income tax, World War
I, Prohibition, and the New Deal. Linear thinkers, which include
politicians, the mainstream media, and CEOs of big corporations,
work to maintain the status quo and their power and wealth. Rather
than progress in a linear fashion, however, human history has a
more seasonal, cyclical nature. As Mark Twain observed, “It is not
worthwhile to try to keep history from repeating itself, for man’s
character will always make the preventing of the repetitions impossible.”
Twain is also alleged to have said something like, "Although
history doesn't repeat itself, it often rhymes" (source unknown).
Whatever "rhyme" or "repetition" that might
have helped bring about the Millennial Crisis, having a linear-thinking
progressive president will only serve to make things worse. That
includes President Obama and all the Republican presidential candidates
except Ron Paul. He alone knows what is really going on, understands
it, predicted it, and knows how best to deal with it.
the earlier crisis that caused the colonial Glorious Revolution
and its Boston Revolt (1675-1704), there have been four crises in
American history: the American Revolution (1773-1804), followed
66 years later by the Civil War (1860-1865), 64 years later
by the Great Depression and World War II (1929-1946), and
61 years later by the current Millennial Crisis (2007-?).
Each crisis has been worse than the previous one. There were
25,000 deaths in the American Revolution. Some 600,000 to 800,000
people died in the Civil War. And in World War II 50 to 70 million
people died (civilian and military). In the American Revolution
hyperinflation of the Continental Dollar rendered it worthless,
and in the Civil War the Confederate Dollar suffered the same fate.
In The Fourth
Turning, William Strauss and Neil Howe predicted, in 1997 when
the book was published, that the next period of crisis in our country's
history, the "Fourth Turning" (following the first three
crises) which they named the Millennial Crisis, would begin in 8
to 10 years. They were spot-on predicting when it would begin, 10
years later (in 2007), and this is what they say about its course:
risk of catastrophe will be very high. The nation could erupt
into insurrection or civil violence, crack up geographically,
or succumb to authoritarian rule. Thus might the next Fourth Turning
end in apocalypse — or glory. The nation could be ruined, its
democracy destroyed, and millions of people scattered or killed.
Or America could enter a new golden age, triumphantly applying
shared values to improve the human condition. The rhythms of history
do not reveal the outcome of the coming Crisis [the one we are
experiencing now]; all they suggest is the timing and dimension."
One thing is
certain. This crisis, now in its 6th year, will not be
over anytime soon. How bad it becomes will depend on whether or
not our country heeds the teachings of Ron Paul and his advocates.
the establishment media tries to ignore Ron Paul and pretend he
doesn’t exist. Jon Stewart, on The Daily Show, skewers the
media’s talking heads on this score, asking "How did Ron Paul
become the 13th floor in a hotel?" in "John
Stewart Shows How Ron Paul Is Feared By The NWO Mafia Controlled
Mainstream Media," which can be seen on YouTube HERE.
But other wiser heads can see and appreciate his true worth.
Captain of the financial newsletter The
Privateer, published in Australia, has this to say about
Paul's great and merited attractiveness to a growing number of
admirers has a very simple source. He is that rarest of creatures
— a FREE man. He is beholden to nobody. He has developed his ideas
and his convictions over a long and fruitful life of independent
thinking. He does not compromise. He hones in on the fundamental
issue and principle of any political issue and serves it up without
salt or other u2018seasoning.' He says what he means and he means
what he says. He is the living embodiment of the u2018dream' that
most Americans have long since given up on as they saw it slip
further and further beyond their grasp. He is the only prominent
person who is doing everything he can to turn the non-debate which
masquerades as the u2018mainstream' in the US and global political
economy into something of substance. That, far more than presidency,
is his goal."
Ron Paul wants
to legalize freedom and have the government stop punishing people
for using the freedom that is rightfully theirs (as long as you,
of course, do not encroach on other persons and their property).
All the other leading candidates who want to be elected president
are pro-big government and seek power. Mitt Romney is Wall Street's
Republican candidate, with the investment banking and securities
firm Goldman Sachs being his biggest contributor. There is little
difference between Mitt Romney and Barack Obama, except perhaps
that Romney is even more pro-war than is Obama. I highly recommend
Andrew Napolitano's YouTube video "Judge
Napolitano What if the Government Has Been Lying to You"
where he portrays Republicans (excluding Ron Paul) and Democrats
as "two wings of the same bird of prey."
Ron Paul is
different. As the YouTube video What
Is It About Ron Paul? affirms,
you get hooked on Ron Paul you can no longer bear to listen to
a man who wants power. You become instantly disgusted whenever
they begin to speak. Before they were just boring, but now they're
revolting. Listening to a Romney, or a Gingrich, or a Bush, or
Obama makes you sick; and you just don't understand how Ron Paul
can get through those debates without getting nauseous. You see
a political veneer in these politicians that is so transparent,
like a ghost flapping its ethereal tongue at you."
A poster shown
in the video states, "Once you get hooked on Ron Paul you can
no longer bear to listen to a man who wants power."
over the world are getting hooked on Ron Paul. A Canadian citizen,
Terry Neudorf, for example, writes this in a blog titled "Ron
Paul Shakes the World":
the name Ron Paul is mentioned to my grandchildren, a smile will
creep across their faces, and they will recall, and speak with
excited tones about a time where an idea was born, a message was
spread, and a revolution took hold that shook the world. That’s
the time I’m living in right now. I will treasure every moment.
Thanks for all you do."
are joining The
Ron Paul Movement, like those manning phone banks to promote
and raise funds for his campaign. (Don't expect Goldman Sachs to
contribute any money to Ron Paul's campaign.) Leaders of the X and
Y Generations allied with Ron Paul are our best hope for the future
— and for coming through the Millennial Crisis without war.
A third world war, with nuclear weapons in play, could well prove
to be even more devastating than was World War II. But even if he
is not elected president, all is not lost. Like Obi-Wan Kenobi,
Ron Paul's spirit and teachings will live on and guide a new generation
of Luke Skywalkers, including his son, X-Generation Rand Paul, to
lead our country safely through this time of economic and social
Cure for Economic Illness
Austrian treatment for the Millennial Crisis comprises six parts:
the Fed — close down the central bank. "Unplug the machinery
of the Fed," as Ron Paul puts it in his book End
the Fed (see also the other three books he has written
on government and liberty in "Suggested Reading" below).
The market must be free to set interest rates without a central
bank artificially lowering them and inflating the money supply.
Banks should once again exist as free-enterprise institutions
without privileges or bailouts from the state. ATMs, Web-based
systems of funds transfer like PayPal, and online trading can
function perfectly well without a Fed.
sound money to the economy — privatize the country's monetary
system, abolish legal tender laws, and allow the free market to
determine the forms of money it prefers.
taxes and cut government spending — close military bases that
the U.S. maintains in more than 130 countries around the world
and bring the troops home; defund unconstitutional departments
like Education, Housing and Urban Development, Agriculture, etc.;
abolish the personal income tax.
bailouts — the economy needs to liquidate all the malinvestments
and mistakes made during the boom in order to be able to move
on and recover from the bust.
prices and wages to fall to levels the market sets — propping
up prices stifles recovery, as the Great Depression proved.
the government, not private property and markets — entrepreneurs
and investors will only make long-term investments that spur recovery
and boost employment if they feel that their property is secure.
(Fifteen cabinet-level departments control different parts of
the economy, along with 100 federal regulatory agencies that have
produced more than 81,000 pages of regulations, not including
those set by state and local governments.)
Like Ron Paul,
I am a member of the Silent Generation.
- Ron Paul.
Austrian Economics: A Personal View" (1984. 23 pages.
Ludwig von Mises Institute)
- Murray N.
Save Our Economy From Destruction” (The Freeman, 1995.
Reprinted on LewRockwell.com)
H. Rockwell, Jr. “Why
Austrian Economics Matters” (1995. Ludwig von Mises Institute)
H. Rockwell, Jr. “Money
and Our Future” (2009. LewRockwell.com)
- Donald W.
Miller, Jr. “A
Fourteen Point Plan for a Post-Wilsonian America” (September
28, 2001. LewRockwell.com)
- Donald W.
Miller, Jr. "The
Austrian Cure for Economic Illness" (June 2, 2008. LewRockwell.com)
of Prosperity: Free Markets, Honest Money, Private Property
(2008, Ludwig von Mises Institute)
Revolution: A Manifesto (2008. Grand Central Publishing)
the Fed (2009. Grand Central Publishing)
Defined: 50 Essential Issues That Affect Our Freedom
(2012. Grand Central Publishing)
- F.A. Hayek.
Road to Serfdom: Text and Documents–The Definitive Edition (The
Collected Works of F. A. Hayek, Volume 2) (1944,
Reprinted 2007. University of Chicago Press)
- Ludwig von
Government: The Rise of the Total State and Total War
(1944, Reprinted 2011. Liberty Fund, Inc.)
- Murray N.
Has Government Done to Our Money? and The Case for a 100 Percent
Gold Dollar (1963, 1962, Reprinted 2005. Ludwig
von Mises Institute)
Strauss and Neil Howe. The
Fourth Turning: An American Prophecy (1997, Broadway Books)
- Adam Ferguson.
Money Dies: The Nightmare of Deficit Spending, Devaluation, and
Hyperinflation in Weimar Germany (1975, Reprinted 2010.
Public Affairs. Also available for free
download from the Ludwig von Mises Institute)
- Thomas E.
Woods, Jr. Meltdown:
A Free-Market Look at Why the Stock Market Collapsed, the Economy
Tanked, and Government Bailouts Will Make Things Worse
2009, Regnery Publishing)
- Thomas E.
Woods, Jr. Rollback:
Repealing Big Government Before the Coming Fiscal Collapse
(2011, Regnery Publishing)
February 9, 2012
(send him mail)
is a cardiac surgeon and Professor of Surgery at the University
of Washington School of Medicine in Seattle. He is a member of Doctors
for Disaster Preparedness and writes articles on a variety
of subjects for LewRockwell.com. His web site is www.donaldmiller.com