Opinion

Opinion | Notable & Quotable: Rand Paul

Sen. Rand Paul asks questions throughout a committee listening to on Capitol Hill, Dec. 16.



Photograph:

Greg Nash/Related Press

Sen.

Rand Paul

(R., Ky.) talking on the Senate ground Dec. 21:

Republicans wish to mock Fashionable Financial Concept—the concept authorities can print cash with impunity, that authorities can spend no matter it needs with out the necessity to tax. Fashionable Financial Concept is principally the

Dick Cheney

“deficits don’t matter” crowd trussed up with a brand new fancy title.

Most Republican rightly lampoon this quackery—that’s, once they’re not training the quackery themselves. As we speak many of those similar Republicans will vote for a invoice that makes Fashionable Financial Concept appear like baby’s play compared.

The monstrous spending invoice introduced immediately isn’t just a “deficits don’t matter” catastrophe; it’s every little thing Republicans say they don’t imagine in.

This invoice is free cash for everybody. Proponents don’t care should you’re totally employed or personal your personal home or personal your personal enterprise. “Free cash for everybody,” they cry.

And but if free cash had been the reply, if cash actually grew on bushes, why not give extra free cash? Why not give it out on a regular basis? Why cease at $600 an individual? Why not $1,000? Why not $2,000?

Possibly these new “free cash Republicans” ought to be a part of the “all people will get a assured revenue” caucus. Why not $20,000 a 12 months for everyone? Why not $30,000? If we will print up cash with impunity, why not do it? The Treasury can simply maintain printing the cash. That’s, till somebody factors out that the emperor has no garments and that the greenback now not has worth.

To so-called conservatives who’re fast to determine the socialism of Democrats, should you vote for this spending monstrosity, you might be no higher. Whenever you vote to go out free cash, you lose your soul and also you abandon eternally any semblance of ethical or fiscal integrity.

So the subsequent time you see Republicans in excessive ethical dudgeon claiming and complaining about spending of Democrats and socialism, remind them—remind them in the event that they supported this monstrous spending invoice, that basically the distinction between the events is much less

Adam Smith

vs. Marx and extra Marx vs. Engels.

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Appeared within the December 26, 2020, print version.

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