Friday, May 24, 2013

Rand Paul Calls for Infrastructure Fund

Wow, this is why Rand Paul is really dangerous. When he wants to talk a libertarian game, he can, but he mixes it with a government is needed message. In other words, he is co-opting the libertarian message. In the clip below, he does a semi-decent pedestrian job of explaining the business cycle, but then goes on to quote Milton Friedman, who didn't understand the business cycle at all. Why not quote Mises, Rothbard or Hayek, who did understand the business cycle?

During the interview he also calls for a 5% tax on funds that corporations hold overseas, when they bring the funds back to the United States. Aside from the fact that this is indeed a hike in taxes, Rand went on to state that he wanted the tax revenue from this tax to go into an infrastructure fund. Got that? A tax is bad enough, but he seemingly wants to direct this revenue to even more government spending.

Rand is then asked about the current IRS scandal and manages in the process of answering the question to give seeming legitimacy  to the State Department and government overseas interventions and legitimacy to the IRS's overall mandate. There is no talk of shrinking these organizations. For Rand it is all about getting rid of the bad apples and replacing them with different apples, instead of a true focus on cutting, cutting and cutting government.


  1. I had a kid ask me this weekend what I thought about Rand b/c I was wearing a Ron Paul shirt and I said I didn't much care for him. He asked why and I replied he's nothing like his father.

  2. I'm trying to decide whether Rand is just another RINO, or if he's saying these things in an attempt to appear moderate. Either way, it is not encouraging.

  3. "In Keynesian economics, the word infrastructure was exclusively used to describe public assets that facilitate production, but not private assets of the same purpose." Wikipedia

    Showing his true colors???

  4. That explanation of the business cycle is better than I've heard from any politician. I would go so far as to say that Rand Paul's description of the business cycle is on par with Tom Woods'.

    If only Ron Paul would have been 1/10th as coherent as Rand.