Kevin Bjornson wrote:

KB> The constitution offers no method for a state to secede. <KB

Yes, and that constitutional defect was associated with what was by far
America's bloodiest and most tragic war.  

M Carling wrote:

M> I'm not saying we *need* a naked angels dancing on pinheads plank.  I'm
just saying that we need one *more* than we need a secession plank. <M

There is no constitutional defect related to naked angels on pinheads, and
no war was ever fought over naked angels either.  Our platforms from 2004
back to as far as 1990 advocated an unconditional "right to political
secession by political entities, private groups, or individuals".  This
sentence was perhaps the most embarrassing one in those platforms, as it in
effect made the LP 1) endorse anarchism and 2) take the unpopular and
arguably wrong side in the Civil War. That's why the Greatest Hits draft
replaced it with the moderate 1972 secession language, which avoided both
embarrassments by imposing these conditions on secession: only by regions,
only by majority vote, only with protection of minority rights, and only if
the region becomes as free as its parent.  I don't see anything kooky or
"repugnant" about this 1972 language, and I doubt secession was ever used
against our candidates before this language was replaced with the kooky
version (presumably during the 1975 Rothbard/Evers rewrite).

Nevertheless, the only immediate work that the 1972 language is doing in the
Greatest Hits draft is to deflect possible accusations by radicals that the
draft has a conceptual hole compared to the 2004 Platform. If people as
smart as Carling and Shuey and Capozzi can't distinguish the reasonable 1972
language from the later doubly-kooky language, then it's not worth keeping.

Bob Capozzi wrote:

BC> actually, susan, if an adult has sexual contact with a child, i'd call
that molestation. like i said, i could look up which platform allowed for
this.  if i recall, that one was fixed prior to portland.  <BC

All platforms from at least 1990 through 2004 called for "repeal of all
laws that restrict  anyone,  including  children,  from
engaging in voluntary  exchanges of goods,  services,  or  information
regarding human sexuality,  reproduction, birth  control,  or  related
medical or biological technologies".  Platforms from at least 1990 included
a controversial Children's Rights plank, which was removed for the 1996
platform.  That lengthy plank opposes "all legally created  or  sanctioned
discrimination against (or  in favor of)  children, just as we  oppose
government discrimination directed  at any other  artificially defined
sub-category of human  beings". This presumably includes laws that try to
protect minors from e.g. psychotropics or incest.  The web's most complete
archive of past LP Platforms is at http://marketliberal.org/LP/Platforms/.

KB> the feds should not be allowed to levy direct taxes (except user fees)
and would get funding through the state govs
(this would be an additional check on fed power). KB

One of the most interesting libertarian think pieces I've read in the last
couple years is a paper about "cellular democracy
<http://www.foldvary.net/works/auspc.pdf> " by the LP's own Professor Fred
Foldvary of Santa Clara University here in Silicon Valley.  It advocates "a
governance structure of cellular, bottom-up, multi-level voting, with public
revenue flowing up from the lower to the upper levels". A similarly
interesting paper
<http://www.aei.org/publications/pubID.22942/pub_detail.asp>  was by Michael
Greve of the American Enterprise Institute on the importance of the
Constitution creating competition among branches and levels of
government..Both of these papers have forever changed my views on how
government should be organized -- a question that is orthogonal to, and in
some ways more important than, what governments should do.  Unfortunately,
the LP's anarchist ancestry has given it a huge blind spot for the
fascinating and important academic literature related to design of
government institutions.

M Carling writes:

M> Insider trading is a serious but subtle form of fraud. <M

If it currently can be considered fraud, that's only because of some
expectations and contractual arrangements that are not the only possible
practice.  If I "commit" an insider trade, I can only be defrauding either
my transactor or my fellow shareholders.  We can just tell would-be
transactors that -- if they care -- from now on they need to demand explicit
contractual assurances that the other party did not possess inside
information. Defining and enforcing such assurances would of course be a
nightmare, which is why insider trading laws are so problematic right now.
We can also tell shareholders who care about insider trading that they need
to investigate whether the corporation defines and enforces rules against
insider trading, and to not buy the stock if the corporation doesn't.  Thus
with the right configuration of expectations, insider trading reduces to
mere contract enforcement. This is reminiscent of Coase's
Nobel-Prize-winning insight that if transaction costs are low enough, then
markets will take care of externalities no matter how you assign initial
property rights -- as long as you explicitly assign them.  (The difference,
of course, is that you don't need efficient micro-torts to run stock
markets.)

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