- Paperback: 135 pages
- Publisher: Jameson Books Inc.; 1st edition (August 1980)
- Language: English
- ISBN-10: 0898030471
- ISBN-13: 978-0898030471
- Package Dimensions: 6.9 x 4.1 x 0.4 inches
- Shipping Weight: 7.2 ounces
- Average Customer Review: 3 customer reviews
- Amazon Best Sellers Rank: #2,353,300 in Books (See Top 100 in Books)
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A New Beginning 1st Edition
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From Back Cover: "Ed Clark's Libertarian call for A New Beginning... To anyone who is seriously concerned about solving America's problems and is looking for a whole new approach, Ed Clark... provides a thoughtful, stimulating program for change. Inflation, taxation, poverty, education, energy, social security, foreign policy, national defense -- Clark offers specific, detailed answers on these issues and many others..."
Top customer reviews
Standing back and comparing today with America 50 years ago is informative; Clarks' book came out midway in that run, as an early reaction to what he saw coming.
JFK's federal spending in early 60's was $100B, over half of which was for defense at the peak of the Cold War. That was an America with a population that was about half of ours today, maybe more, but let's call it half to be generous.
We can inflation adjust JFK's spending by x 7.5, and population adjust by x 2.0 to get to $1500B/yr in federal spending. We are at $3800B/yr in federal debt fueled spending. That is 243% of JFK's fully adjusted number. Is that a fair adjustment? And then some. It assumes, for instance, that the population was half, and yet it was more like 180M. We are at 330M, so that adjustment should only be 1.83. As well, it assumes zero (0) increase in the efficiency of government. IOW, the art of governance has not advanced in 50 years of technology, such that it costs just as much per capita to 'govern' today as it did in JFK's early 60s, still waiting as it was for the 029 punchcard machine to show up.
If JFK's defense budget grew by that same generous factor of 15, it would be $780B today. But the GOP was just chastised for increasing the Obama Administrations defense budget request from 70% of JFK's fully adjusted number to 71% of JFK's fully adjusted number. Well of course; we are no longer in the middle of the Cold War, it should be smaller. But ask yourself; if defense is at 71% of JFK's fully adjusted number, then why is total federal spending at 253% of JFK's fully adjusted number? (Remember, in current dollars, it is really at 3800% of JFK's spending. Population: 1.83:1 public spending: 38:1)
If there was anything as a positive 'multiplier effect' on public debt fueled public spending, then our current $2.3T/yr 'stimulus' over and above JFK's $1500B/yr 'stimulus' should have American economies on a tear relative to JFK's America. You know, the America that was building the Interstates and going to the Moon and addressing old civil rights wrongs and educating a generation of young Americans who left the best schools in the world with hope and optimism for the future. That America, the one with the $100BH in federal spending, over half of which was for defense at the peak of the Cold War.
Go ask a 2012 graduate about hope and optimism for the future with our $3800B/yr in federal spending. With some justice, more than half of them will tell you that their hope lies in expanding government, because we've raised generations of instructed idiots who leave their schooling fully 'socialized.' One thing they should have learned, however, is to count. As in, count the number of cabinet post departments in JFK's administration, and count the number 50 years later. Then, go find the plain to see federal spending numbers I just outlined.
50 years is enough time to gauge the efficacy of America's experiment in centrally planned command and control 'the economy' running. It turns out, we are no better at it than the Soviet Union, for exactly the same reason; it doesn't work.
Our affliction is obvious, and we are in denial.
This was his "campaign book" for 1980, and makes an effective introduction to Libertarianism, with chapters such as Cutting Government Down to Size; The Inflation Hoax; Non-Intervention: The Key to Peace; Social Security: The Ultimate Pyramid Scheme, etc.
He proposes to cut out "boondoggles" such as the Energy Security Trust Fund (pg. 14); eliminate the Department of Energy (pg. 15); and freeze the number and compensation of federal employees (pg. 18).
After summarizing USA/CIA interventions in Iran, he says, "Despite this record of insolent intervention in Iranian affairs... (President Carter) claims he's at a complete loss to explain such hostility" as the mobs chanting, "Death to the United States!" (Pg. 36)
He states that as President, he would work bo abolish both subsidies AND regulations of the nuclear power industry; "utilities will be liable for any damage to life and property resulting from the conduct of their business and the disposal of spent fuel." (Pg. 57)
Concerning Social Security, he argues that "We should fund Social Security out of general revenues... and by cutting federal spending in other areas, we can avoid any tax increase." (Pg. 81)
This is an excellent brief statement of Libertarian principles.