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Independence Day is coming up, and I wonder how many people really get why it matters.

In school, we were told this: “No taxation without representation.”

Zzzzzzzz.

The real principles were more like the following.

(1) No legislation without representation.

The colonists insisted that they could be governed only by the colonial legislatures. This is the principle of self-government.

This is why a Supreme Court ordering localities around is anti-American in the truest sense. It operates according to the opposite principle from the one the American colonists stood for.

(2) Contrary to the modern Western view of the state that it must be considered one and indivisible, the colonists believed that a smaller unit may withdraw from a larger one. Today we are supposed to consider this unthinkable.

(3) The colonists’ view of the (unwritten) British constitution was that Parliament could legislate only in those areas that had traditionally been within the purview of the British government. Customary practice was the test of constitutionality. Parliament’s view, on the other hand, was in effect that the will and act of Parliament sufficed to make its measures constitutional.

So the colonists insisted on strict construction, if you will, while the British held to more of a “living, breathing” view of the Constitution. Sound familiar?

So let’s recap: local self-government, secession, and strict construction. Not exactly the themes you learned in school.

And not even what you'll learn in graduate school.

One day many years ago I decided I had to know what my fellow Columbia Ph.D. students thought Independence Day was all about.

What could these left-liberals be celebrating? They don't favor local self-government, which is what the war was all about. They don't favor strict construction of the Constitution, while the colonists were insisting on precisely that, in a British context.

So what the heck did they think it was all about?

Only one person answered me: "There was a distance involved."

So the problem was that the ruling class was too far away?

"Come on, men, we must continue making sacrifices so that we may someday have exploiters who live close by!"

Not a terribly exciting rallying cry.

Tomorrow is the last live call of the week -- again at 5pm Eastern -- for Low Stress Options, which represents the best kind of independence I can offer you.

Someone today wrote to say: I know you aren't sharing the best testimonials -- which is correct; I assume nobody is going to believe them -- but I'd like to see them. So I figured, what the heck. I went into the discussion forum, found the most recent testimonials from people who joined through me, and made a brief little screencast video showing them to him.

If you're curious, here is that little video: https://www.tomwoods.com/screencastvid

Click here to register for our final call, and I'll see you there, on the path to true independence.

Tom Woods

P.S. This is in fact the last week to join at the current price (it's vastly underpriced, in my opinion), which goes up on Saturday. And this week you also get Woods's juicy bonuses, listed below -- just forward your receipt to bonuses@tomwoods.com.

On Saturday the price of the program increases permanently, so now's the best time to join my very happy group of members over there. It's also the best time because my bonuses are available when joining through this link:

-- My first six months of trading, with my commentary: every move I made and why, things I would do differently today, etc. (Even though you're understandably nosy and want to look at this first, go through the training before you do so the video will make sense to you.)

-- My Peak Productivity Playbook: takes 90 minutes to go through, and it'll find you 300 extra hours this year (so if even the 1-2 hours a week for LSO seems hard to accommodate, it won't be anymore)

-- Screencast video showing step by step how I set up a regular account and a Roth IRA account for one of my children (some of you will want to do the same), and how to quickly toggle between accounts so looking them over is a breeze

-- A peek into how a smaller account works: we look into the account I trade for one of my daughters and discuss the trades we took

-- In-person event at Troy's house in Florida in September: existing members will have to pay for that event but if you join through me this week you can attend for free, and I'll be there, too

To get my bonuses, forward your receipt to bonuses@tomwoods.com.

Again, click here to attend our final call.






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Tom Woods · PO Box 701447 · Saint Cloud, FL 34770 · USA