MESSAGES OF TRUTH
The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
SOURCES YOU CAN TRUST
The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.
The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.
The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.
A MUST-READ FOR EVERYONE
The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
GREAT JOB, DAILY BELL
I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.
The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.
THE DAILY BELL IS A MUST-READ
Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
A LEADING LIGHT
The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.
TRUTH AT WORK
There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.
AHEAD OF THE CURVE
The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.
GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE
The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!
INFORMATIVE SOURCE OF INFORMATION
The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.
PREMIER FREE-MARKET ANALYSIS
The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.
VOICE OF REASON
I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times
CUTTING EDGE ANALYSIS
At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
Get outside the box with The Daily Bell and experience independent views.
GREAT INVESTMENT INFORMATION
I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.
INSIGHT YOU CANNOT IGNORE
The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.
PROFOUND AND PROVOCATIVE
Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.
I read The Daily Bell every day and I find it very informative.
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
GUTS, OBJECTIVITY, WISDOM
Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.
PART OF MY DAILY NEWS DIET
I read it every day!
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
READ IT EVERY DAY
A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
A VIRTUAL WHO'S WHO
The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.
From Machan's Archives: The Deficit and the Tragedy of the Commons
August 26, 2011
Editorial By Tibor Machan
In the 4th century B. C. Aristotle identified a very important principle of community life. He demonstrated the social value of the right to private property. He said:
"That all persons call the same thing mine in the sense in which each does so may be a fine thing, but it is impracticable; or if the words are taken in the other sense, such a unity in no way conduces to harmony. And there is another objection to the proposal. For that which is common to the greatest number has the least care bestowed upon it. Every one thinks chiefly of his own, hardly at all of the common interest; and only when he is himself concerned as an individual. For besides other considerations, everybody is more inclined to neglect the duty which he expects another to fulfill; as in families many attendants are often less useful than a few." (Politics, 1262a30-37)
This same idea was more recently clarified by Professor Garrett Hardin, in his 1968 article, "The Tragedy of the Commons," published in the prestigious magazine Science. Hardin gave the example of a common grazing area used by several owners of cattle to feed their livestock. Because there are no borders identifying what area belongs to which cattle owner, the commons tend to be overused, not because of any greed but because each cattle owners wants to achieve the best possible results, namely, feed the cattle adequately.
The principle at issue has been very fruitfully applied to environmental problems and the conclusion has been drawn by many scholars that without extensive privatization of what are now treated as public properties – lakes, rivers, beaches, forests and even the air mass – environmental problems will remain unsolved. Everyone knows that a problem exists with common ownership but no one can do anything about it without changing what is commonly owned to private property. The political will and savvy to achieve the solution is, of course, lagging far behind the analysis that identified the solution. Still, in this area, at least, such identification has occurred.
What has not been widely noticed is that a tragedy of the commons exists, as well, in our national treasury. We have here what by law amounts to a common pool of resources from which members of the political community will try to extract as much as will best serve their purposes. Be it for purposes of artistic, educational, scientific, agricultural, athletic, medical, or general moral and social progress, the treasury stands to be dipped into by all citizens in a democratic society. And everyone has very sound reasons to try to dip into it - their goals are usually well enough thought out so they have confidence in their plans. They know that if they receive support from the treasury, they can further their goalsso they will do whatever they can to do just that, namely, extract from the commons as much for their purposes as is feasible.
But, as both Aristotle and Professor Hardin knew, the commons are going to be exploited without regard to standards or limits – "that which is common to the greatest number has the least care bestowed upon it." Which explains, at least in part, why the treasuries of most Western democracies are being slowly depleted and deficits are growing without any sign of restraint. Japan, Germany, Great Britain and, of course, the United States of America are all experiencing this, as are numerous other societies that make their treasuries available to the public to use for sheer private purposes. For how else can we construe education, scientific research, the building of athletic parks, the upkeep of beaches and forests and so forth than by the pursuit of special private goals by way of a common treasury?
Some might try to obscure this by claiming that all these goals involve a public dimension. Of course. So does nearly every private purpose –including the widely decried phenomenon of industrial activity that produces the negative public side effect of pollution and contributes to the depletion of a quality environment. Private goals can have public benefits but their goal is to serve the specific objectives of some individuals. When AIDs research is supported from the public treasury, the first beneficiaries of success would be those with AIDs, not those who haven't contracted the disease. When theater groups gain support from the National Endowment for the Arts, there may be beneficiaries beyond those obtaining funding but they are still the ones who benefit directly, immediately. When milk producers gain a federal subsidy by having the price of milk fixed or their withholding of production compensated, they are the first to gain from this, not some wider public.
And so on with thousands of other "public" projects – they are, actually, supporting private goals, first and foremost. One need only observe who lobbies for them. But because the treasure is public property, there is no way to allocate what is in there rationally, with proper budgetary constraints. Instead, politicians embark on deficit spending – taking non-existing funds, ones not yet collected but rather only uncertainly anticipated, and funding the requests without restraint.
And there is no end in sight. Only when the country no longer has the credit worthiness in the world community, so that its bonds will no longer be backed by hopeful lenders, will the Ponzi scheme be called to a screeching halt. We will have to declare bankruptcy and those of our citizens who had nothing at all to do with the enterprise will be left to hold the empty bag, namely, our grandchildren.
Not unless the treasury stops allowing private projects to be funded from its coffers, confining itself to the support of bona fide public projects – the courts, the military and police – will there be an end that avoids the perhaps greatest tragedy of the commons. To reach such a position of financial responsibility, the governments of our society will have to sell off all the unwisely held common assets – lands, parks, beaches, buildings, forests, lakes and such – to private parties. They will thus liberate members of our future generations from the shackles that have been so irresponsibly placed upon them by means of the tragedy of the commons.