Yaron Brook on Ron Paul’s Fundamental Contradictions and Compromises
Dr. Yaron Brook, president of the Ayn Rand Institute, posted a brief Facebook note that touches the fundamental contradictions and compromises of presidential candidate and Libertarian rock star Ron Paul. This should inform my reader that I am not a Libertarian or anarcho-capitalist. I’m a student of Objectivism (not yet an Objectivist) and an advocate of free market capitalism and freedom. Brook’s statement actually takes on the fundamental differences between Objectivism, which is a philosophical movement, and Libertarianism, which is a political party. I’m absolutely interested in Dr. Brook’s full-blown or lengthy essay on Ron Paul’s compromises and contradictions.
Here’s what Dr. Brook said:
I just looked over Ron Paul’s campaign website. It would take a lengthy essay (which I might write sometime) to explain everything wrong with his views and how it hurts the long-term fight for freedom.
He has a strange mixture of good ideas consistent with freedom — with either silence (what will happen to Medicare, Medicaid, SS), contradictions (he has no tax plan — he advocates zero taxation without explaining how we get there, but also tax credits and deductions for things he likes (I consider this social engineering)), and outright bad stuff (his position on abortion, gay marriage, terrorism and 9/11, and generally state rights).
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The problems run deep. He suggests ending the Fed (which I agree with). But replacing it with what? It seems he advocates the
treasury issue currency — which in my view would be much worse. (I advocate for real free-banking).
He also has a real hatred of banking and bankers. While he couches it in terms of crony Capitalism — I don’t believe him. The way he attacks bankers suggests much more. I have written extensively on the virtues of banking and believe that you cannot defend Capitalism without defending banking as an activity. In the debate tonight he attacked derivatives. That is at best, just plain silly, at worse it reflects his misunderstanding and hatred of finance.
I could go on… Even his health care plan is very, very weak for someone who claims to be a defender of freedom in medicine.
His additional posts:
I have a book, co-authored with Don Watkins) coming out next year (in September — just in time for the elections). I’ll have a blog by year end, to, among other things, promote the book.
As to Dr. Brook’s favorite candidate:
I do not have a favorite. They are all seriously flawed. I really wish there was someone better. However, at this point, most of them would be better than Obama.