Rand Paul’s New Plan to Prioritize Spending

Rand Paul

Senator Rand Paul has a new plan to prioritize government spending in order to stave off defaults and bring the country back towards solvency:

In a renewed attempt to force President Barack Obama’s hand on the debt limit, Kentucky Republican Sen. Rand Paul is pushing legislation that would ban federal spending on anything but interest payments on the national debt, Social Security checks, and military salaries.

Paul, who is traveling through Israel this week, told Business Insider here Thursday that he believes the GOP should take a more pro-active approach to the coming fight over raising the debt ceiling. Rather than march the country toward a government shutdown — and spook markets with possible default — Paul argued that Republicans should pass a bill that would force the government to prioritize payments to bondholders.

LA Gov. Bobby Jindal: Get Government Out of Birth Control

//], via Wikimedia Commons

In an excellent piece urging that oral contraception become available over the counter that ran in this morning’s print edition of the Wall Street Journal (subscription may be required), Louisiana Governor Bobby Jindal, whose résumé includes a litany of health policy wonkery, sounded the death knell of both big government’s dominion over one aspect of reproductive health, and the pharmaceutical industry’s influence over that policy. Further, Jindal’s position masterfully bridges the gap between social conservatives and libertarians, as it accounts for both market-based health care (vs. Obamacare) and the protection of religious liberty and conscience (also vs. Obamacare). Here’s an excerpt:

As USS Enterprise Retired, A Question: Why So Many Aircraft Carriers?


Over the weekend, the USS Enterprise—the real one, not James T. Kirk’s ship—was retired in Virginia:

NORFOLK, Va. (AP) - The world’s first nuclear-powered aircraft carrier was retired from active service on Saturday, temporarily reducing the number of carriers in the U.S. fleet to 10 until 2015.

The USS Enterprise ended its notable 51-year career during a ceremony at its home port at Naval Station Norfolk, where thousands of former crew members, ship builders and their families lined a pier to bid farewell to one of the most decorated ships in the Navy.

“It’ll be a special memory. The tour yesterday was a highlight of the last 20 years of my life. I’ve missed the Enterprise since every day I walked off of it,” said Kirk McDonnell, a former interior communications electrician aboard the ship from 1983 to 1987 who now lives in Highmore, S.D.

The Enterprise was the largest ship in the world at the time it was built, earning the nickname “Big E.” It didn’t have to carry conventional fuel tanks for propulsion, allowing it to carry twice as much aircraft fuel and ordnance than conventional carriers at the time. Using nuclear reactors also allowed the ship to set speed records and stay out to sea during a deployment without ever having to refuel, one of the times ships are most vulnerable to attack.

Notice how the story says that the number of aircraft carriers is only “temporarily” reduced to 10 until 2015. That’s because they’re building more of them, and yes, the next one will be named Enterprise:

Dear Media: This Isn’t About Grover Norquist

Grover Norquist is under fire. Unjustly.

With Republican Sens. Lindsey Graham, Saxby Chambliss, Rep. Peter King and others seemingly deserting Grover Norquist and the Taxpayer Protection Pledge created by his organization, Americans for Tax Reform, media outlets across the spectrum are declaring that the GOP is “Over Grover” and that his vicelike grip of eternal dominance on the GOP might not be so eternal after all. We have images like this one, showing Republican leaders bowing to him as if he is a god. And on and on and on.

What it really is, though, is just another round of misinformation, wrong data, and interpretations based on faulty premises. Yet another sideshow that is completely missing the point, the real debate we should be having in DC.

Election Eve Meditation

Cross-posted from The Dangerous Servant.


I don’t like to make political endorsements and, on principle, I certainly don’t discuss my vote before an election (the protection a secret ballot offers me from harassment and intimidation only works if I keep my preference a secret). I was stunned to read in an email yesterday, “I had no idea high-information, intelligent undecided voters even existed!” You know, as if the choice between an underwhelming incumbent president, an underwhelming challenger, a list of names with no mathematical chance to win, and not voting at all is an easy one to make. If your only goal is to beat the incumbent, then your decision is easier than mine. I, however, don’t only want to beat the incumbent; I want to elect a president worthy of the exercise of one of my most sacred rights, the right to vote.

New Paper: Cronyism & Lobbyists Are By-Products of Big Government


I know we’re focused pretty intensely on the elections, which are only two weeks away, but we always need to focus as well on underlying principles and concepts that drive our economy and our government. Elections come and go; this stuff is forever. In that vein, you really need to take a look at a new paper from the Mercatus Center at George Mason University, by Randall Holcombe:

Crony capitalism describes an economic system in which the profitability of firms in a market economy is dependent on political connections. The term has been used in the popular press but rarely appears in academic literature. However, there has been a substantial amount of academic research on various components that, when aggregated, describe crony capitalism. This literature shows that crony capitalism exists only because those in government are in a position to target benefits to their cronies, and have an incentive to do so, because they get benefits in return. The ability to target those benefits is a result of the spending and regulatory power of government, so big government causes cronyism. One remedy often suggested for cronyism is more government regulation and oversight of the economy, but this remedy misunderstands the cause of cronyism. The substantial and well-established economic literature on the components of crony capitalism shows that big government is the cause of crony capitalism, not the solution.

By “crony capitalism,” of course, he refers to lobbyists, and big business using those lobbyists to get more power and take more wealth away from the public. It’s the reason we had Occupy Wall Street, and why many folks still cry out for “regulation” to “rein in” big business and the big banks.

Free Market Advocacy and the Myth of “Trickle-Down Economics”


G20 capitalism banner

There’s a pervasive myth floating around the progressive left that pro-market advocacy necessarily means pro-business advocacy (and, by extension, anti-poor people advocacy). That is, as I said, categorically a myth, but that doesn’t mean people don’t believe it — they do. Kudos are due many times over to the Washington Examiner’s Tim Carney for doing yeoman’s work to try to dispel these myths, like this thorough and merciless rebuttal to Anna Palmer’s joke of a POLITICO piece on a supposed resurgence of corporate lobbyist influence in the White House if Mitt Romney wins the election, as if there’s nothing to see in the Barack Obama White House:

You mean after he kicks out the lobbyists in Obama’s White House like Patton Boggs lobbyist Emmett Beliveau (7), O’Melveny & Myers lobbyist Derek Douglas (8), and Pfizer’s, AT&T’s lobbyist at Akin Gump Dana Singiser (9)?

By that point in the column, Carney had already identified six registered lobbyists working in the administration; by the end of the thrashing, he identifies a total fifty-five registered lobbyists working in the White House.

Profiles in Liberty: Dr. Robert Lawson of Southern Methodist University

Dr. Robert Lawson is the Jerome M. Fullinwider Chair in Economic Freedom in the O’Neil Center for Global Markets and Freedom at the Southern Methodist University Cox School of Business. Also, Lawson is co-author of the Fraser Institute’s Economic Freedom of the World annual report, which provides a widely-cited economic freedom index for over 140 countries. The CATO Institute has been partners in its publication since 1996.

As my former academic advisor, Dr. Lawson is a mentor and friend who introduced me to libertarian philosophy. A happy warrior with a dry sense of humor, his love of economics and freedom is inspiring.

Lawson is a member of the prestigious Mont Pelerin Society. He also writes at the popular economics blog, Division of Labour, which you should subscribe to.

bob lawson

Matt Naugle: How did you become a libertarian?

Robert Lawson: I actually wrote about this in a little book that Walter Block edited titled, I Chose Liberty: Autobiographies of Contemporary Libertarians. As with most people, I can trace this to a couple of influential teachers. First, Mr. Eaton at Princeton High School (Cincinnati) who gave me my first copy of The Freeman. Second, Richard Vedder at Ohio University.

Global Tax Competition, NHL Lockout Edition

//], via Wikimedia CommonsMy Twitter followers know that I’m a huge hockey fan and that I’m really upset that we have now entered the third work stoppage under NHL Commissioner Gary Bettman’s tenure. But the current lockout, like previous lockouts, has paved the way for the temporary flight of NHL talent to European countries so they can continue earning a paycheck and staying in game shape. That necessarily paves the way for a discussion of comparative politics and economics. Take, for example, the case of Swedish-born Nashville Predators forward Patric Hornqvist, who was going to sign with his former (pre-NHL career) team Djurgarden, even though they’re no longer in the Swedish Elite League:


Following in Roman Josi’s footsteps, the next Nashville Predator is heading overseas during NHL Lockout 2012, as Patric Hornqvist will reportedly play with Djurgarden, the team he played for before coming to North America. Djurgarden is currently in Sweden’s HockeyAllsvenskan, having been relegated last spring from the Swedish Elite League after a 35-year run.

Everybody Is Delusional: On Poll Denialism and Echo Chambers

A bit of controversy has been going around lately with the so-called “Poll Denialists.” These are Republicans and conservatives who believe that Romney’s current poll numbers, lagging Obama’s, are somehow false, a scheme by pollsters to deliberately skew the election towards an Obama victory, and are trying to explain it away with…well, I’m not sure what.

Jay Cost of The Weekly Standard mostly sums it up with “the polls are oversampling Democrats.” Robert Stacy McCain of The American Spectator just thinks it’s beyond any reason to believe that Obama is leading. And there is an entire website called “” dedicated to finding the “true numbers” behind the polls.

This is pretty much balderdash, based on bad assumptions of how polling works and just plain fantasy. Stephen L. Taylor of Outside the Beltway focuses on the latter when he says:


The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.