Thursday, December 06, 2012

lincoln uncensored...,



dailyreckoning | In order to understand Lincoln’s passion for preserving the Union, you have to put yourself into a different era of federal finance. There was but one source of revenue: the tariff. There were no internal taxes. There was no “too big to fail,” because there was no central bank capable of bailing out an entire industrial base. As Lincoln himself said by way of explanation, “The tariff is to the government what a meal is to the family” (1861). The South’s ports collected 75% of all federal tax revenue. Without that revenue — that’s what secession meant — the federal government would be starved.

So in one sense, Lincoln was doing only what we’ve come to expect of presidents. One only has to imagine how Bush or Obama or any modern American president would react to the prospect of a 75% cut in incoming revenue — especially if there were no central bank to make up the difference. Would any modern president let the people go, just stand by, and let the federal government starve? Let every opportunity for graft, payoffs, spending on projects, and patronage just evaporate? No chance.

The controversy has raged for a long time about whether the Civil War was really about slavery. It depends on the meaning of “about.” In terms of Lincoln’s motivation, the Fallon book makes it indisputably clear that it was not the desire to end slavery that drove Lincoln’s prosecution of the war, but the need for national unity, which in turn comes down to enforcing the revenue stream. Anyone who knows anything about how politics operates can see this very clearly. In fact, I don’t even know why this would be a controversial claim at all. Why does the head of any state put down rebellion? To liberate people or to enslave them?

As for the motivation of the South to secede, matters become more complex. The desire to shore up slavery and protect the territory from the abolitionists played a large and even decisive role, given that most everyone assumed that slavery was essential to the South. There was also the desire on the part of Southern elites to set up a new government that could form its own trading relationships with foreign nations. And though the demand for secession is an essential right of a free people, the new Confederate government drafted, taxed, and inflated in a way that contradicts every other principle of liberty.

The lesson here is that no government or power of any size or scale can be relied upon to defend liberty. And governments in wartime come into their own, stopping at nothing to protect their power at the people’s expense.

3 comments:

Anonymous said...

Yawn....

Greg Thrasher

Tom said...

Not to derail here ... but anyone know is the flick any good?

CNu said...

lol, very little risk of that. Vampire Hunter is surprisingly kick-ass and good. I give it redbox two thumbs up!!!

Elite Donor Level Conflicts Openly Waged On The National Political Stage

thehill  |   House Ways and Means Committee Chair Jason Smith (R-Mo.) has demanded the U.S. Chamber of Commerce answer questions about th...