Document:National Platform 1994: Difference between revisions

We call for the repeal of all laws establishing criminal or civil penalties for the use of drugs and of "anti-crime" measures restricting individual rights to be secure in our persons, homes, and property, or limiting our rights to keep and bear arms.

Because each person has the right to offer goods and services to others on the free market, and because government interference can only harm such free activity, we oppose all intervention by government into the area of economics. The only proper role of existing governments in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected.

Efforts to forcibly redistribute wealth or forcibly manage trade are intolerable. Government manipulation of the economy creates an entrenched privileged class -- those with access to tax money -- and an exploited class -- those who are net taxpayers.

Government intervention in the economy imperils both the personal freedom and the material prosperity of every American. We therefore support the following specific immediate reforms:

In the current fiscal crisis of states and municipalities, default is preferable to raising taxes or perpetual refinancing of growing public debt.

We recognize that government control over money and banking is the primary cause of inflation and depression. Individuals engaged in voluntary exchange should be free to use as money any mutually agreeable commodity or item, such as gold coins denominated by units of weight. We therefore call for the repeal of all legal tender laws and of all compulsory governmental units of account. We support the right to private ownership of and contracts for gold. We favor the elimination of all government fiat money and all government minted coins. All restrictions upon the private minting of coins should be abolished so that minting will be open to the competition of the free market.

f. the abolition of Federal Reserve control over the reserves of non-member banks and other depository institutions; and

g. the lifting of the prohibition of domestic deposits denominated in foreign currencies.

We call for the abolition of all regulation of financial and capital markets -- specifically, the abolition of the Securities and Exchange Commission, of state "Blue Sky" laws which repress small and risky capital ventures, and of all federal regulation of commodity markets. We oppose any attempts to ban or regulate investing in stock-market index futures or new financial instruments which may emerge in the future.

We call for repeal of all laws based on the muddled concept of insider trading. What should be punished is the theft of information or breach of contract to hold information in confidence, not trading on the basis of valuable knowledge. We support the right of third parties to make stock purchase tender offers to stockholders over the opposition of entrenched management, and oppose all laws restricting such offers.

We support the drive for a constitutional amendment requiring the national government to balance its budget, and also support similar amendments to require balanced state budgets. To be effective, a balanced budget amendment should provide:

d. that no exception be made for periods of national emergency.

The Federal Reserve should be forbidden to acquire any additional government securities, thereby helping to eliminate the inflationary aspect of the deficit. Governments facing fiscal crises should always default in preference to raising taxes. At a minimum, the level of government should be frozen.

We condemn all coercive monopolies. We recognize that government is the source of monopoly, through its grants of legal privilege to special interests in the economy. In order to abolish monopolies, we advocate a strict separation of business and State.

We defend the right of individuals to form corporations, cooperatives, and other types of companies based on voluntary association. Laws of incorporation should not include grants of monopoly privilege. In particular, we oppose special limits on the liability of corporations for damages caused in noncontractual transactions. We also oppose state or federal limits on the size of private companies and on the right of companies to merge. We further oppose efforts, in the name of social responsibility, or any other reason, to expand federal chartering of corporations into a pretext for government control of business.

In order to achieve a free economy in which government victimizes no one for the benefit of any other, we oppose all government subsidies to business, labor, education, agriculture, science, broadcasting, the arts, sports, or any other special interest. In particular, we condemn any effort to forge an alliance between government and business under the guise of "reindustrialization" or "industrial policy." The unrestricted competition of the free market is the best way to foster prosperity. We therefore oppose any resumption of the Reconstruction Finance Corporation, or any similar plan that would force the taxpayer to subsidize or sustain any enterprise.

Relief or exemption from taxation or from any other involuntary government intervention, however, should not be considered a subsidy.

Like subsidies, tariffs and quotas serve only to give special treatment to favored interests and to diminish the welfare of other individuals. The measures also reduce the scope of contracts and understanding among different peoples. We therefore support abolition of all tariffs and quotas as well as the U.S. International Trade Commission and the U.S. Court of International Trade.

We advocate the termination of government-created franchise privileges and governmental monopolies for such services as garbage collection, fire protection, electricity, natural gas, cable television, telephone, or water supplies. Furthermore, all rate regulation in these industries should be abolished. The right to offer such services on the market should not be curtailed by law.

We support the right of free persons to voluntarily establish, associate in, or not associate in, labor unions. An employer should have the right to recognize, or refuse to recognize, a union as the collective bargaining agent of some, or all, of its employees.

Workers and employers should have the right to organize secondary boycotts if they so choose. Nevertheless, boycotts or strikes do not justify the initiation of violence against other workers, employers, strike-breakers, and innocent bystanders.

Current problems in such areas as energy, pollution, health care delivery, decaying cities, and poverty are not solved, but are primarily caused, by government. The welfare state, supposedly designed to aid the poor, is in reality a growing and parasitic burden on all productive people, and injures, rather than benefits, the poor themselves.