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Romney Chooses Paul Ryan as Running Mate

August 13, 2012

I remember last year, Paul Ryan was chosen by the Republican Party to give a response to Obama’s State of the Union Address. I liked it, actually. It really seemed as if he was a true fiscal conservative. But then these are just words, all plain rhetoric fabricated by the establishment Republicans. If we want to examine if he truly is a fiscal conservative, we have got to examine his voting record. It’s that simple, really.

To be honest, the video above makes him look as if he is a small-government libertarian type. In one interview, he even mentions that his influences include Ayn Rand, Milton Friedman, and Friedrich Hayek (source), many of whom are significant contributors to the libertarian political philosophy. It annoys me that he can reference those people as influences and yet take many positons that go against liberty.

This is why many times libertarians are accused of being neoconservative establishment Republicans especially since many times there is the same kind of rhetoric and also since representative Ron Paul, one of the most significant personalities in the liberty movement, has been a member of the Republican Party for many years.

With all the debt crisis and economic problems in the US right now and even with problems with the euro, it’s very strategic for the Republican Party to choose Paul Ryan as Romney’s vice presidential running mate. Having someone who sounds like he is a consistent fiscal conservative is great publicity for Romney who has flip-flopped on so many issues for many years (most definitely also a better choice than McCain team’s choosing of Sarah Palin as running mate). This is also true especially since many times he has also taken positons deemed too extreme or radical by the establishment.

Paul Ryan talks to Obama during Bipartisan Meeting on Healthcare Insurance

The problem is he votes for expanding unnecessary wars and interventionism. He voted for the Patriot Act. He voted for military arrest and indefinite detention of their own citizens. He voted for TARP and the bailouts. How can you call yourself a fiscal conservative if you vote for all those things?

More importantly, he mentioned “sound money” in the video. This, of course, from a libertarian point-of-view, entails some sort of transition from fiat currency to a commodity-backed currency. By being Romney’s VP running mate, it’s obvious that his position on monetary policy is no different from those establishment folk. This guy is a typical ambitious politician who is willing to compromise principles to achieve political power.

What’s really interesting is that no matter who wins this November between Romney or Obama, nothing will really change most especially when it comes to monetary policy.

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One Comment leave one →
  1. passerby permalink
    August 14, 2012 8:17 pm

    Buying silver in SGD is not as good as you imagine as USDSGD would drop. Might as well buy other forms of PM. The Oct GST law only applies to Au and not Ag.

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