July 4

Happy July 4th, otherwise known as Independence Day. We could also call it Secession Day, since that is what the American colonists did. The ironic thing is that the colonists of 1776 under King George III were, in many ways, more free than Americans of 2010. Certainly there are many differences that are hard to compare, but when it comes to economic matters, there should be little question that the colonists were far more free. Today, government at all levels take about half of our income.

We are certainly much better off than the colonists because of the great gains that have been made. There was more progress in the 1800's than any other century in the history of the earth. The 1900's had many great advances too, but most of it was because of the previous capital investment and progress made in the 19th century.

Today, we get to enjoy cell phones and the internet. We get to enjoy flat screen televisions and kindles. We are the richest people ever. Unfortunately, this generation of Americans may be the first generation to live worse than their parents (if you don't count the 1930's and early 40's). Although we enjoy great technology, our basic needs are as expensive now as they were decades ago. Incomes have gone up slowly while the costs of food, shelter, healthcare, and education have risen substantially.

This is what happens when the government takes half of our money. We have a lot of great technology and great wealth created from previous generations, but we are starting to go backwards in some aspects. We must free ourselves from all of the oppressive taxation and regulation as well as the horrible Federal Reserve.

If we ever have American 19th century economic freedom combined with today's technologies, the results will be unbelievable. We will have things that we can't imagine. Let us remember on July 4 that although we are blessed to be living in these times, times could be much better if we shake off the government.