Thursday, November 15, 2007

A glimpse into an ideal world (according to Ron Paul)

Economists often use the "free market" as an ideal situation and analyze real world scenarios with respect to their deviations from the free market. The assumption is that one should always strive for a free market and justify every deviation from it on solid grounds.

Today Ron Paul has written an article titled Entangled Alliances, about the volatile political situation in Pakistan. Towards the end he briefly touches on how US' current approach deviates from his conception of the ideal situation:

"...Free trade means no sanctions against Iran, or Cuba or anyone else for that matter. Entangling alliances with no one means no foreign aid to Pakistan, or Egypt, or Israel, or anyone else for that matter. If an American citizen determines a foreign country or cause is worthy of their money, let them send it, and encourage their neighbors to send money too, but our government has no authority to use hard-earned American taxpayer dollars to mire us in these nightmarishly complicated, no-win entangling alliances..."

The key phrase is "Our government has no authority..". Paul generally uses it to mean something is unconstitutional. That means the government doesn't have the mandate to do it, irrespective of consequences.

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