A Review of II of Part of Ron Paul "Pillars of Prosperity"

Paul has been always worried with intervention of government to the market, arguing along the lines of Bets that norteamericana interventionism finally will direct to a alemánestilo of fascism. Big government in bed with big subject, with the private property apparent of business and companies, which receive most of his largesse of the government, which imposes his authoritarian control on the economy, will be the result of increased meddling with the market. Such rules that leave for emergency imposiciones and an economic dictator is already in the books; as Paul, this is the unavoidable result of economic intervention.

It is clear that the subjective value Austrian the theory has influenced strongly the opposition of Paul to intervention in the free market. In fact, says that the theory explains why the intervention does not work , and he informs to Austrian economist Ludwig Von Bet' explanation than price under a socialist system can not be established. Anyone the people use his trial to establish the prices and the one who would have to be produced, or the executive arbitrarily imposes price and production #by strength. The argument of the labour theory valuable, used (consciously or no) by politics to establish and sure "fairness" in the economy distorts the market; the subject theory valuable explains that the economies planned are simply impossible.
A short but the interesting analysis is done by Paul when speaking the pivotal year of 1913 in the history of United States. Put had published his "The Theory of Money and Credit," but America, directed by Woodrow Wilson in the time, has chosen the way of central banking with the creation of the System of Federal Reservation and the institution of the tax of income. As Paul, "The subsequent cost loss and human suffering of freedom has been immeasurable." A lot the career of Paul has been also an answer to the interventionist legacy of Wilson and a tentativa to put the country behind in the way toward free markets and liberty.
But when the bubble inevitably explosions, the real causes are not examined never. Instead, advantage of recoveries besides spending and creation crediticia, which is directed in another segment of the economy, that looks for a new bubble to form to maintain the speculation that goes and the whole system to block.
Paul declares that each argument done by the politics in the flat of House is based in utilitarianism, enough that principle. Such a means ambiente, is everything to easy for them to rationalize any position in any time for any purpose and serve so little more that demagogues. Even begin to believe in his central planning proper skills. Which these unprincipled the positions represent to Paul, even so, is the politician of half Washington lacks will to be until and that resists the special interests. "Mostly, the Members [of Congresses] is well-intentioned, ostensibly pragmatic -gooders -- 'pragmatic' enough to latch on to the interventionism more beneficial to his political needs particular and to provide an intellectual defend." Like this, the groups of pressure are able to convince representatives to defend almost any politics, persuading them to abandon principle and argue like a place or another is the best correct now.
Dr Ron Paul has published a new book this year, diplomado Pillars of Prosperity: Free Markets, Sincere Money, Private Property, which contains an extensive compilación of his thoughts economy and presents an excellent occasion for a review of special book. This it premier installment of a review a longer of the whole book, the full review duquel will examine each individual part of the book and present a summary of the positions and the arguments presented, which have been woefully underrepresented besides norteamericanos. "Course 2 - Put and Austrian Economy: A Personal View" is spoken here.
This short proof, originally published by Paul 1984, represents his personal reflections in the influence of the Austrian School of economy in his political life. He declares that his original decision to run for dispatch has been based mainly in the wage and of the controls of prices established by President Nixon in 1971.
When it loan the consequences of these politics, like excessive nationalism, protectionist politics, economic isolationism, militarism, and war, is difficult no to listen repeats of the current state of America to the world, waging miles of war in two miles of countries of miles of his shores, more dependiente that never in resources of energy mattered, and increasingly distrusted by governments across the world, with a coin that quickly is falling value.
When A philosophy of natural and individual rights liberty is combined with the utilitarian argument against government interventionism becomes much more powerful. In fact, as Paul, the power of natural law is how "than accept a philosophy of natural rights there is not any election whatsoever but to accept leave-do capitalism." Simply has any place for the executive to take part in the free market, if the people would accept the concepts of natural rights and personal freedom.
Another argument that has influenced obviously Paul is that the money is a commodity in the market. To hands of government, even so, the politics #try do money a state product. This is another unnecessary intervention, dangerous in the market, even so, when the value of money has to be determined subjectively by the market. Even the positions of pseudo-the free market defence of Chicago the School of economy loses this point #by his value of quantity" of money, which sustains the manipulation of the supply of money and indicios of interest by a central bank. Also, by his condemnation of money of commodity and rejection of the subjective theory valuable, monetarism tries to be bad.
In the final part of the proof, returns of Paul to his individual home liberty, arguing against Put' position in utilitarianism and natural rights. Whereas Put has believed there was any camera for a concept of natural rights, Paul argues in the base of semantics that "Although Put declares that the 'the idea of natural law is quite arbitrary,' could suggest that pues is the interpretations of utility... Only a concept of natural rights can condemn the utility perceived' of interventionism." In the absence of a philosophy of natural rights, the socialist can rush to the vacuum, claim utilitarianism, and win the argument for intervention of government.
It is this acceptance of economic interventionism, #by the central bank and fiado coin, which creates such social woes like the business cycle, unemployment, international crises, and war. The business cycle is caused, as Paul, by the distortion of indicios of interest, which causes malinvestment in sure sectors of the economy, leader in economic calculation skewed because of the creation crediticia manipulated. Preferential deal by the executive of business and constituencies also contribute to weaknesses to the market.
It has been once chosen like representative, Paul has tried to influence politician to educate his fellow colleagues in the principles of the free market and the dangers of interventionism. It admits the difficulties to pursue this way, with the politics that trust the usual technicians of Washington, which aim to serve the special interests of several groups of powerful pressure. Even so, this type of utilitarianism is finally doomed to failure, when it called more and more economic interventionism.

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