Saturday, March 5, 2016

Billionaire, Self-Described, Libertarian Endorses Trump

Billionaire Andrew Beal, who founded Dallas-based Beal Bank and considers himself a libertarian, has endorsed Donald Trump.

“He’s smart [and] gets things done,” he told WSJ---which is exactly the kind of person F.A.Hayek warned about in Chapter 10 of The Road to Serfdom.

Beal is ranked No. 115 on this year’s Forbes magazine list of the wealthiest people in world, which put his net worth at $9.9 billion.

Beal says that Trump would be  pro-business and can bring “radical change.”

It is unclear what Beal when nhe says means that Trump would be "pro-business." That certainly wouldn't be the case for businesses that want to relocate a manufacturing plant outside the US or buy products from overseas or hire unregistered immigrant workers.

As for "radical change," change is not enough. It is the type of change that occurs that is important, and the masses are just not ready for the right kind of revolution.


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