We learned last time that August von Mises was the Father of the United States. He led the country to victory over Britain in the War for Independence and later wrote the Constitution. While birthing our nation he was also helping birth the Austrian school of economics, the only economic school known to man. It just makes sense that a highly theoretical school of economic thought conceived in central Europe in the 20th century should be the best economic model for the United States to follow. As Thomas Jefferson once said, “nothing should interfere with the workings of Austrian economics, absolutely nothing.” Austria is pretty similar to America. After all, Vienna did have its own Congress.
The first thing economics teaches us is that the government is a giant rat bastard that always looks to take money from productive people in order to give it to lazy people. This is a natural fact of human society. Egyptian pharaohs taxed landowners so they could give jobs to the Jews to build pyramids. This was a waste of Egypt’s resources. There was no demand for pyramids at the time. Instead of getting welfare, the Jewish migrant workers should have found real jobs in the private sector. This is why Egypt only lasted 5000 years as a civilization.
We see that it is a natural law for governments to be greedy. They use things like central banks to create fake money. Before central banking, people had the freedom to use whatever money they wanted however they wanted to use it, as long as it was gold. All the civilizations that used cowrie shells or wampum were just plain wrong and did not understand nature as well as we do. We believe central banks should not control the money supply or interest rates and instead let the free market decide what kind of currency people use and how much they charge for borrowing it, as long as it is gold. You see, government money is fake because it is fiat, meaning it only has value because the government says it does. We want to replace fiat currency with gold, since gold has value because we say it does. Gold’s value is intrinsic. That means God created gold because its value can be measured in worthless fake government fiat currency. When we become the government, we will just cut out the middleman and tell people they have no choice but to use gold, making it the new fiat currency. Of course, the gold supply is limited and that means the government won’t be able to just make more out of thin air for stupid reasons like poverty or unemployment. You should have bought gold before you went and got fired.
The fake currencies of central banks are inflationary. The constant flood of worthless money into the marketplace pushes prices up. We care about poor people and we do not like this inflation tax that they have to pay. On top of this, government makes these poor people pay income taxes. The 16th amendment that introduced the graduated income tax in America was the worst thing to happen to the working man. We want to replace the graduated income tax, where wealthy people have to at least in theory pay a greater percentage of their income, with a flat sales tax. Flat sales taxes are great, since it is equal for all. It does not matter if the poor end up paying a much larger percentage of their money than the wealthy, all that matters is that we end the graduated taxes and inflation that hurt the poor. It has nothing to do with the fact that these are policies traditionally championed by the wealthy. We are for the working man.
The underpinning of all of these policies is the idea that the government has no place telling the private sector what to do. When we say government, we of course mean the federal government. We all know the Austrian economists had no problem with the overweening power of state government, Austria being a hotbed of states’ rights sentiment and all. For example, the Civil Rights Act of 1964 was evil because it told businesses that it had to desegregate their facilities. On the other hand, the Jim Crow laws of southern states which mandated business segregate the races was an exercise in economic freedom. We want to undo the Civil Rights Act so that the state governments could have the exclusive privilege of telling businesses what to do. Plus, it makes sense to have economic regulation as the exclusive province of state government, since many of the businesses that would be regulated would be bigger and wealthier than those state governments.
One of the most economically oppressive things the government (federal, of course) does is protect the environment. Just because a few hipsters in coffee houses want to stop global warming, there are all types of federal laws telling businesses what to pollute and how to pollute it. If they make a mistake, they get hit with a fine or a lawsuit. It is impossible for business to survive in this system. We believe if a business has given you cancer, you should sue them. If a multinational corporation pollutes a poor neighborhood, those poor people should just sue the corporation. In other words, it is citizens who should try to penalize corporate pollution, not the government. It is unfair for the government to use its coercive power against defenseless corporations. We believe in a fair fight. Pitting poor people against Monsato is a fair competition between equals in the marketplace.
It is clear that Dr. Paul knows the policies that will lead us towards utopia. Austrian economics is the study of natural, observable behaviors of the human race. Those behaviors have proven that the government (federal) is the only one that has coercive power and is always out to use that power to rob people of their hard-earned money. Other economists like the Keynesians who think differently do not have the keys to human nature like we do. We are scientists. Our theories are backed by testable evidence. This makes us right and any economist not from Austria is wrong. Why do you think Dr. Paul lectures everyone about Austrian economics without bothering to think that there are other schools of economic thought out there that could be pontificated upon with greater logic and clarity? We all know why. It is because Dr. Paul is the only one who knows America and the Constitution. After all, James Madison, the father of the Contitution, approved the creation of a central bank when he was president. Why not elect Dr. Paul, since he knows better than the Founding Fathers?