I recently saw
a cartoon of a king telling his counselors:
Gentlemen, these are medieval times, and they call
for medieval ideas.

That
king had the right idea. We could do with some medieval
ideas in our own times.

Medieval, of course, remains a
popular word of denigration and even abuse. Since the
Enlightenment it has come to mean backward, reactionary,
inhumane, and superstitious. But no scholar now uses the
word this way. In recent decades even the best thinkers
of the secular world have come to recognize the great
intellectual achievements of the Middle Ages.

Those achievements were founded in common sense,
which has been one of the casualties of modernity. Today
we are told that common sense has been superseded by
modern science; hence the quasi-gnostic cult of the
expert and the specialist, to whom common sense must
defer.

One
of the basic ideas of medieval political philosophy was
that positive law must conform to the natural law. An
unjust law was no law at all. The decay of this simple
principle has opened the way to the most frightful
tyrannies, and also to abuses which, though less alarming
at first sight, are no longer recognized as tyrannical.

In
the Middle Ages the debasement of money was a serious
crime. Clipping coins was a common offense
because it devalued the kings currency, cheating
not only the king himself, in principle, but everyone
else who used his money as a medium of exchange and
measure of value. It was the medieval version of
counterfeiting.

Today, in the age of paper money, its the
government that does the counterfeiting. When I was a
small boy, my father bought
Time magazine every week for
a dime. Today it costs nearly four dollars not
because the publisher is greedy, but because the value of
a dollar (and a dime) has gradually plummeted.

The
U.S. Constitution assigns to Congress the power to
coin money and to regulate its
value. This has been perverted into an arbitrary power to
print money and to manipulate its value, via the Federal
Reserve System. We no longer expect the government to
meet its traditional responsibility to stabilize the
value of money. A key element of good faith between the
rulers and the ruled has been lost. We are all cheated,
and gradually impoverished, by the state.

Many
people have learned to profit by this in the short run,
and we all have to cope with our long-term losses; but
the result is a system of theft. It has come to seem
natural for money to lose its value over time, but it
remains highly unnatural. Nearly all states now practice
a complex form of what the Middle Ages would have called
usury, all the worse because we have no choice about
being victimized by it. We are robbed even when we save.
Hide your money under the mattress, and there will be
less of it when you take it out again. Put it into a
savings account, and youll also pay taxes on the
interest!
The Moral Question Is Ignored

Speaking of taxes, the state now has a limitless
power to take our earnings. The first income tax, imposed
by the Lincoln administration, had a top rate of 5 percent,
applicable only to the very wealthy. At the same time,
the depreciating greenback was also declared legal
tender you couldnt refuse to accept
it. The U.S. Supreme Court soon declared both the tax and
the legal tender law unconstitutional not only
unauthorized by the Constitution, but contrary to the
principles of liberty and honest government.

The
Sixteenth Amendment restored the income tax, with no upper
limit. At first only people with high incomes paid any
income tax at all; a single man had to make about $50,000
a year (in todays money) before he paid. The top
rate was 7 percent. You had to be a tycoon to reach that rate.

Today well, its hardly necessary to
spell it out. We accept as normal and legitimate
practices that would have outraged our ancestors. We even
congratulate ourselves on our freedom! But those
ancestors understood that a debauched currency and high
taxes were not only subversions but outright violations
of liberty.

Men can always be blind to a thing,
said Chesterton, as long as it is big enough.
Or, he might have added, slow enough. If the old limits
on government had been torn down overnight, everyone
would have noticed and revolted. But because
tyranny has proceeded so gradually, most people are
unaware that it has come over us at all.

Now,
when President Bush proposes a slight cut in our overall
tax rates, the debate rages over whether the government
can afford such extravagance. The argument is
framed in terms of whether the state can spare the money,
not whether the citizen deserves to keep a little more of
his own wealth. Everything is presumed to belong to the
state.

On
top of everything else, the U.S. government has run up a
stupendous debt by one reckoning, about $7
trillion. Given its power to confiscate and counterfeit,
you might think it had ample resources to keep the books
balanced. On the contrary, its spending outstrips even
its depredations. And again, the moral question is
ignored: whether one generation may justly impose debts
on its posterity. Again, our ancestors would have found
no question at all. Habitual deficit spending is one more
form of tyranny.

This
is not to idealize monarchy. The old kings had their own
ways of practicing tyranny. But as a practical matter,
their means were limited. Coins made from precious metals
were hard to counterfeit. Taxation was a cumbersome
process. And kings had no way of plunging future
generations into a bottomless abyss of debt. Unlike
modern democratic rulers, they found it awkward to evade
personal responsibilities. They might have said, more
truly than any modern ruler, The buck stops
here.

In
our time, the language of law, politics, and political
economy has been divorced from the commonsense language
of morality. Instead of duties, our rulers
now face options and policies,
even as they impose crushing obligations on us, their
subjects. The word justice hardly applies to
them.
Deep Bias

We
hear a great deal about media bias these
days, and the mass media do have a deep bias in favor of
the expanding state. But in this they are merely in
harmony with the modern political culture, which
acknowledges few limits on state power. We are all
taught, virtually from the cradle, that the state is
responsible for the (undefined) general
welfare of society, and that we must all cooperate
with it that is, obey its every whim. It may
simultaneously subsidize tobacco and forbid us to smoke
it; or promote family values while subverting
family life. It neednt make sense; we merely shrug,
Whatever.

The
power, scope, irrationality, and sheer anonymity of the
modern state would have terrified our ancestors. There is
no standard by which it may be judged; it continually
invents, and changes, its own standards. And it even
educates us to resign ourselves to whatever it demands of
us.

Yes,
the times call for medieval ideas.