A post at the Cobden Centre, 15 years of the MPC, calls to attention “a brilliant video from our friends at SaveOurSavers, celebrating 15 years of the Monetary Policy Committee”. The video skewers the hypocrisy, lies, and inane economic theories spouted by or in defense of monetary central planners and their inept failure to meet its 2% inflation target.
Ilya Somin over at The Volokh Conspiracy, it seems, is no more a fan of Ron Paul now than he was four years ago. His criticisms remain about the same. This time around, though, he’s got a candidate to contrast Paul with in Gary Johnson. His conclusion? Johnson is a better libertarian than Paul. My first response to this was laughter. This is my second response:
To start, Somin nearly lost me in his first sentence when he suggested that Indiana Governor Mitch Daniels was even on the radar for libertarians considering voting. If anyone thinks a hypocritical drug warrior, who might be most charitably described as untested on foreign policy issues (and much less charitably described as a propagandist for the Empire), should even be in the running, then they should probably be disqualified from commenting on the question of who the most libertarian candidate is. All that said, we’ll give him the benefit of his doubts about Daniels for now and move onto his criticisms.
Ron Paul’s Unlibertarian Positions?
Somin claims that Ron Paul “has very nonlibertarian positions on free trade, school choice, and especially immigration.” He goes on to criticize Paul’s views on the Fourteenth Amendment. He doesn’t spell these criticisms out in this piece, but rather directs us to an older article from 2007. We’ll take each one by one.
Austrians and others interested in fractional-reserve banking (FRB) will find of interest a banking reform about to be proposed in the UK. Douglas Carswell, an Austrian economsics-informed member of the UK parliament for Clacton, is planning to introduce a so-called “Ten Minute Rule Bill” after Prime Minister’s Questions tomorrow (Wednesday, Sept. 15) that could have significant implications for current centralized FRB practices. The Bill will be supported by Steve Baker, the Member of Parliament for Wycombe, who also serves on the Advisory Board of the Austrian/classical liberal Cobden Centre.