In an interview with Bloomberg’s Joshua Green, Senator Rand Paul(R-KY) discusses the ways in which he will seek to manipulate youth and minority voters over the next couple years through a “less aggressive foreign policy,” internet freedom, a 17% flat tax, and the idea that you too can make it big in America if we only gave more money to the very wealthy and repealed the administration of President Barack Obama, as well as the departments of Energy, State, Commerce, EPA, FDA, Education, and “many others.”
And, despite the GOP’s continued insistence that the deficit is out of control and unmanageable because of all these abortions going on, Rand Paul said that his extreme policies are needed to control a yearly trillion-dollar deficit, despite the fact that the deficit is doing much better, and without his Looney Tunes solutions.
But it was the question about his “ideal Fed Chairman,” where Rand Paul gave us the party’s butcher-view of the American Bald Eagle’s ass by providing the only names in arbitrarily anti-Keynesian economics he has ever known: Austrian economist and hero to right wing conservative austerity-mongers everywhere– Friedrich Hayek, and Chicago School’s very own, Milton Friedman.
Who would your ideal Fed chairman be?
Hayek would be good, but he’s deceased.
Nondead Fed chairman.
Friedman would probably be pretty good, too, and he’s not an Austrian, but he would be better than what we have.
Yeah. Let’s just go with dead, because then you probably really wouldn’t have much of a functioning Federal Reserve.
No need to regulate monetary policy. We’ll just appoint dead guys to head the Fed. That should show the world how serious we are about being completely bug-fuck crazy.
Jonathan Chait writes,
Ha. Except it makes no sense. Paul is a hard-money fanatic who wants to abolish the Federal Reserve’s role in using money policy to stabilize the economy. That’s the joke. Milton Friedman, though, had the complete opposite view of monetary policy. His central academic insight was support for very active monetary policy. He called it “Monetarism.” Look it up!
It must be easy for Right wing conservatives to govern America from their little armchair Fantasyland bubble. All they need to do is remain ignorant of history, steal a few more elections, and repeal the past 236 years of industrialization.