fbpx

Ron Paul on the Morning Joe

Ron Paul was on MSNBC’s Morning Joe this morning, and he fielded questions about the state of the economy from about five different people at once. It is incredible to me how they fail to comprehend some of the most basic concepts of economics.

They tacitly assume that the solution to the financial crisis must involve greater government intervention than before! And furthermore, they take on faith that more government intervention will stop unemployment! This is unfathomably stupid, and if they would have listened to Paul in the first minute they could figure out how to answer their own question:

Government cannot do anything at all – it cannot build a road, arm a military, or start a post office – without taking money out of productive hands first. Thus, any unemployment they “solve” can only be accomplished by reducing employment in another sector – because capital has been swindled in the process. Moreover, productivity is further lost because the government will consume part of that which it takes in the process of redistribution. The government is like a vampire, it never can create wealth – it only consumes.

Ron Paul has been likened in recent days to the financial version of an Old Testament prophet. Seriously, what has he predicted at this point that hasn’t occurred? Like Peter Schiff, he has been consistently vindicated as events play themselves out. Take heed, America, take heed.

LCI posts articles representing a broad range of views from authors who identify as both Christian and libertarian. Of course, not everyone will agree with every article, and not every article represents an official position from LCI. Please direct any inquiries regarding the specifics of the article to the author. 

Interested in Contributing? 

LCI accepts guest submissions by high-quality writers. If you are interested in submitting a guest post, click here to send us mail.

Don't Miss an Article! Sign up Today!

Whenever there’s a new article, you’ll get an email once a day! 

*by signing up, you also agree to get weekly updates to our newsletter

Headline

Never Miss A Story

Get our Weekly recap with the latest news, articles and resources.

Think you know Romans 13?

Sign up for our Romans 13 Toolkit to learn how a libertarian Christian understands Romans 13.*

*by signing up, you also agree to get weekly updates to our newsletter

Current Events Analyzed by Libertarian Christians