Few people can explain sound economics as well as Peter Schiff. He explains why the stimulus is garbage and that the result of all this government spending is going to result in an inflationary depression.

New estimates show that Obama’s budget would generate deficits averaging $1 trillion a year for 10 years. That is a lot of red. The White House insisted that these massive deficits will not put a damper on its already costly agenda–how is that going to work?

So much for Obama’s plan to cut the budget deficit in half by 2013! The more likely scenario is that we are going to double the budget deficit or if the estimates are correct, continue them.

“Worst of all, CBO says the deficit under Obama’s policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.”

These deficits are obviously unsustainable and dangerously high! How can we add $9.3 trillion dollars in deficits to the national debt? This is not a time to be spending frivilously. We need to save and underconsume. There are no means to pay off the debt we already have if we keep spending.

Of course, Obama refuses to cut back on any of his pet projects “investments”.

“What we will not cut are investments that will lead to real growth and prosperity over the long term,” Obama said. “That’s why our budget makes a historic commitment to comprehensive health care reform. That’s why it enhances America’s competitiveness by reducing our dependence on foreign oil and building a clean energy economy.”

“It doesn’t change what the president’s focus is, in terms of his objectives in making critical investments, and doesn’t change his ability to halve the deficit in four years,” said White House Press Secretary Robert Gibbs.

Right. This won’t change his ability to halve the deficit in four years? What funny math is he using? In Obamaland, reducing the deficit means adding to it!

Obama is going to spend the United States dollar and economy into an early grave.

Ron Paul laid the smackdown on Baldwin. The argument for drug laws have never been good and Baldwin hasn’t improved upon it. It ends with Baldwin running out of intelligent things to say and taking a jab at Paul supporters.

For the record, I support Paul and I don’t smoke pot. I am also not against those who do smoke it. People are free to make their own life choices.

Arguing the case for Liberty is never easy. People say they want to be free and know they should be free. It is the means by which we want to get there that is misguided. We will willfully violate Liberty as a means to achieve a free society.

The idea that we can violate Liberty in order to have Liberty is ridiculous. The Western world has taken freedom for granted. We know that a free society is the only humane way to live. What we don’t know realize is that our societies have become less free over time–less humane.

Not only have we not kept our houses in order but, we go around telling everyone else how they should live. Those living in glass houses should not throw stones. We force our way of life on everyone else and expect them to like it. We forget that Liberty means we can live one way and our neighbors another.

We have decided that temporary safety is more important than lasting Liberty. Whether the monsters are terrorists or financial crises, we want protection from them at the expense of our freedoms. So while we say we respect personal Liberties, we act in the exact opposite.

We should stop lying to ourselves and admit it: we don’t believe in freedom. We just give it lip service. Deep down we may still know that Liberty is right but, we have lost our understanding and respect for Liberty. The following are seven reasons for Liberty that will try to reawaken the free spirit inside all of us.

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I discovered a comic or graphical novel by Irwin Schiff today while browsing through my RSS feeds. Someone on Campaign for Liberty asked for help with producing a children’s book focused on Liberty. A comment pointed to How an Economy Grows and Why it Doesn’t by Irwin Schiff.

This is essentially a comic book that tells a story and teaches economics at the same time. I found it to be incredible useful and a good means of understanding basic economic principles. I liked it so much so that I decided to put it into an easier to use form.

So have a read when you get a chance. It is good stuff! Especailly in current times when things are all going awry and no one in the mainstream has any idea what is going on! Irwin Schiff explains sound economics in an easy to understand fashion. And who doesn’t like cartoons?