Former Texas congressman Ron Paul publishes a multi-page report once a month through his F.R.E.E. (Foundation for Rational Economics and Education) organization called “Ron Paul’s Freedom Report”. In the current April 2014 issue, he takes on the phony debate that happens every year in Washington over the budget and the so-called budget cuts being proposed. As Paul explains, these alleged cuts are nothing of the sort:
The budget does not cut spending at all, and in fact actually increases spending by $1.5 trillion over ten years. The Republicans are using the old DC trick of spending less than originally planed and calling that reduced spending increase a $5.1 trillion cut in spending. Only in DC could a budget that increases spending by 3.5% per year instead of 5.2% per year be attacked as a “slash-and-burn” plan.
The budget also relies on “dynamic scoring”. This trick is where the budget numbers account for increased government revenue generated by economic growth the budget will supposedly unleash. The claims are dubious at best. Of course, reducing government spending will lead to economic growth. But real growth requires real cuts, not this budget’s phony cuts.
As explained above, the cuts being proposed are merely reductions in planned budget increases. Republicans and Democrats are equally unwilling to suggest any real cuts. For Republicans, the problem is that they will not cut military spending under any circumstances. While Democrats refuse to consider any cuts to welfare or entitlement spending. A type of gridlock ensues over these issues and they get into a useless debate involving tiny decreases that still grow government spending overall (in this case, 3.5% instead of 5.2%).
This is a clip from 1977 where Hayek discusses the fallacy of central planning in the area of “social justice”. The distributed nature of the knowledge needed in order to enact a just system of social order is simply not available nor obtainable by a single individual. No planning can be undertaken without such knowledge, hence it is fallacious to even discuss the concept of instituting an overarching plan for social justice. What seems just to one social group may not be just to another.
I may write a full paper on the topic in the future but Hayek, even in his old age, does a great job explaining it in this video.
A couple of days ago, 200 troops from the BLM were forced to back down in an attempted round up of cattle that were grazing on Federal land. The central question here is not being fought over some endangered tortoise, but over who has a proper claim to the land in Nevada. Bundy and his supporters have argued that they have a right to graze their cattle on the land, due to his ancestors having grazed the land since the 1800s.
Stefan Molyneux has a video on Youtube about this that examines the history of the law and it is a good treatment of the subject.
The actions by President Obama and his recent and not so recent predecessors have expanded the power of the Executive to a level that in no way reflects the original intent of the Founding Fathers. I do not write this article to denounce all executive power. I have not forgotten that the founders established three branches of government including an Executive with limited powers granted to it. These powers are outlined clearly in the constitution and are not subject to the expansions that many modern scholars claim. These apologists for overreaches of executive power are without excuse for not condemning … Continue reading
The phrase “If I see farther, it is by standing on the shoulders of giants.” was Isaac Newton’s way of stating that his great success in mathematics and physics was based on a foundation laid by those who came before him. We must take this same stance on questions of liberty today and view them through a lens of the original intent of the founders, while at the same time understanding that the world has changed dramatically since the founding documents were written. The founders could not possibly have envisioned instantaneous sharing of information and the huge technological revolution that … Continue reading