Capitalism

From FreedomFest to the DMV

From FreedomFest to the DMV

Sometimes life vaults us to heavenly heights and sometimes we are brought down to earth by the banalities of bureaucracy.

Last week, I had the privilege of celebrating freedom alongside some 2,000 of my fellow liberty lovers at this year’s FreedomFest conference. This week, I was brought back to the reality of invasive government and its irritating intrusion into all of our lives.

Let’s start with last week, as it was a glorious experience that is worthy of remembrance while it remains at the forefront of my mind. For four days, I listened, spoke with, gave presentations to, and dined with many of the liberty movement’s brightest luminaries.

Dr. Mark Skousen, Jo Ann Skousen, Penn Jillette, Kevin O’Leary, John Mackey, John Stossel, Glenn Beck, Jennifer Grossman and George Gilder were just some of the stars I brushed elbows with at this year’s conference.

I also enjoyed some very in-depth conversations with those that I interviewed for my podcast, Way of the Renaissance Man. In fact, this year my team helped me outdo even last year’s bountiful production, as I recorded 16 new podcast episodes for the upcoming Season Two of the lifestyle, idea and personal empowerment show.

On the set of the Way of the Renaissance Man podcast.

I would like to take the opportunity to thank the following guests who so generously gave me their time last week: Veronique de Rugy, Dr. Joel Wade, Stephen Hicks, Jay Lapeyre, Ed Hudgins, Stewart Margolis, Grover Norquist, Craig Huey, Michael Checkan, Tal Tsfany, Michael Shermer, Sabo, Nick Tomboulides, Sean Flynn, Mike Turner and Crosby Ruff.

I also would like to thank my production staff, producer extraordinaire Heather Wagenhals of Unlock Your Wealth TV and Emmy-Award-winning master sound engineer Michael Terry. I also want to thank my colleagues at Eagle Financial Publishing for helping to promote my newsletters, including Paul Dykewicz, John Phillips, Roger Michalski, Ned Piplovic, Hilary Kramer and of course, Dr. Skousen.

It’s funny how much spiritual and intellectual fuel one can drink down over the course of a few days. To me, there is nothing more exhilarating and life-affirming than basking in the intellectual pursuits that promote what could be deemed the master value: liberty.

Ironically, a mere 36 hours after the final toast was raised at the FreedomFest gala on Saturday night, I found myself in a less-than celebratory line awaiting the state sanction of my driving privileges.

In California, the agency is called the Department of Motor Vehicles or DMV. And even though I had an appointment, which I had to book approximately six weeks in advance, I still had to wait a couple of hours to fill out the paperwork that takes less than seven minutes to process.

Normally, I would simply renew my license via mail and pay the requisite booty that is levied by the state leviathan. Yet this time, my visit required an in-person validation, as I had to get what’s called a “Real ID.” This is an ID that government requires that you possess if you want to board a commercial domestic flight. The rule goes into effect on October 1, 2020, so at least I am more than a year ahead of the curve on this one.

Still, as a small “l” libertarian, the idea of getting the state’s permission to travel around the country via airplane just roils me. Shouldn’t my right to travel be up to me and the airline I choose to pay for my trip? Of course it should, but apparently, the powers that be in the California state government weren’t very influenced by the kind of ideas I was reveling in at FreedomFest.

Too bad, because I am convinced that a good dose of rational thought, delivered in an entertaining and persuasive way like I saw at FreedomFest, might just make a few of those in power question the need for invasive paperwork, intruding fees and the usurpation of citizens’ time.

And while I am under no illusion that the bureaucrats in charge of California’s state agencies and its state government are about to do an about face and embrace the freedom that I witnessed last week, I do think that a little taste of liberty sprinkled about wherever and whenever possible is a good start to nudging the world in a positive direction.

As I’ve said many times, the only antidotes to bad ideas are good ideas and there are no better ideas to promulgate than freedom, liberty and the pursuit of one’s own rational values.

That is what I will always do in this publication, in my newsletters and via my podcast. Because the only thing more important than being a champion for liberty is, well… nothing.

****************************************************

As Free as You Want to Be

“Freedom is not something that anybody can be given. Freedom is something people take, and people are as free as they want to be.”
— James Baldwin

The novelist, essayist, playwright, poet and social critic knew that if you want to live the way you want, you have to get in there and really fight for it. And what, I ask you, is a more worthy value to fight for than freedom and liberty?

Wisdom about money, investing and life can be found anywhere. If you have a good quote that you’d like me to share with your fellow readers, send it to me, along with any comments, questions and suggestions you have about my newsletters, seminars or anything else. Click here to ask Jim.

In the name of the best within us,

Jim Woods

Jim Woods

Jim Woods is a 20-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor. Jim is the editor of Successful Investing, the Bullseye Stock Trader, and The Deep Woods (formerly the Weekly ETF Report). His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. His articles have appeared on many leading financial websites, including StockInvestor.com, InvestorPlace.com, Main Street Investor, MarketWatch, Street Authority, Human Events and many others. Jim formerly worked with Investor’s Business Daily founder William J. O’Neil, helping to author training courses in the CANSLIM stock-picking methodology. The independent firm TipRanks rates Jim the No. 3 financial blogger in the world (out of more than 6,000). TipRanks calculates that, since 2012, he's made 361 successful recommendations out of 499 total, earning a success rate of 72% and a +15.3% average return per recommendation. He is known in professional and personal circles as “The Renaissance Man,” because his expertise includes such varied fields as composing and performing music; Western horsemanship, combat marksmanship, martial arts, auto racing and bodybuilding. Jim holds a BA in philosophy from the University of California, Los Angeles, and is a former U.S. Army paratrooper. A self-described “radical for capitalism,” he celebrates the virtue of making money from his Southern California horse ranch.

Recent Posts

The Difference Between SPX and SPY – Options Trading

When looking to invest in the S&P 500, SPX and SPY options are similar assets…

3 days ago

Index Options – Explained and Simplified

An index option is a contract that gives the buyer the right, but not the…

3 days ago

The Most Hated Adage on Wall Street

“There’s more wisdom in your book than four years of college education!” -- Subscriber Back…

4 days ago

ETF Talk: Being Prepared for Anything with an Insurance ETF

There is a famous saying that has been floating around the internet regarding the “Five…

4 days ago

May Day, Reimagined

Today is May 1, a day that’s also known as “May Day” in many countries…

4 days ago

10 Reasons to Day-Trade with Mentors in a Virtual Room

Ten reasons to day-trade with mentors in a virtual room highlight why now is a…

5 days ago