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In their desperation to preserve their dream,

01/19/2011

…they want to remove any remaining traces of democracy from the system

I realize Mr. Farage has been a long standing opponent of the Euro, and may be considered a bit of a radical, but he brings up important points. As a matter of fact, he left the Conservative Party in part over this issue. His position is that centralization of authority is in direct conflict to individual liberty. What right does Luxembourg have to dictate monetary and political policy to Athens, Dublin or Rome?

Greece or Ireland or Spain or (whoever is next) lose their liberty in tying themselves to a centralized monetary policy. Sure, the Lira may have been worthless, but it had the distinction of being genuinely Italian and subject to all according rights and responsibilities. Now, rioters in Ireland can direct their anger at an oppressive government in Brussels rather than their own back yard. This relieves the citizen from realizing the consequences of their ballot and in turn enslaves the population to ignorance.

In the past, our principles prohibited us from tolerating federal, monarchical, or feudal oppression. We used to fight wars over the loss of such liberty. Now we simply grumble a lot. Perhaps the consensus is now that the surrender of our liberty is worth some security. I am a bit of an idealist when it comes to individual liberty and responsibility. Is the game up, or is this the tip of the iceberg?

Ok, I promise my next “Rants and Thoughts” post will be about how there are no surprises in the market. Feel free to agree or disagree with me here, tell me I’m nuts or anything else that crosses your mind.

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