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In Praise of ‘Free Radical’ Ron Paul

The world’s greatest Treasurer, Wayne Swan, has taken to accusing the Tea Party in America of radicalism. But if he’s basing that on the policies and ideas of retiring Texas congressman Ron Paul, then one can only hope we all become radical. The world would be a much better place if Dr Paul’s radical ideas on liberty, virtue, and the relationship between the individual and government were more widely held.

Don’t take our word for it, though. And certainly don’t take the Australian media’s take for it. You will get an incomplete, biased, and buffoonish caricature of a principled man with a carefully thought out philosophy of liberty. Instead, listen to his final address to the Congress from last week.

Our favourite part of the speech had nothing to do with economics though. It was a point Dr Paul made about where personal satisfaction comes from in life. Note, it’s not material prosperity. We wish we’d written it ourselves. Here it is for your consideration:


‘Many of our religious institutions and secular organizations support greater dependency on the state by supporting war, welfare and corporatism and ignore the need for a virtuous people.

‘I never believed that the world or our country could be made more free by politicians, if the people had no desire for freedom.

‘Under the current circumstances the most we can hope to achieve in the political process is to use it as a podium to reach the people to alert them of the nature of the crisis and the importance of their need to assume responsibility for themselves, if it is liberty that they truly seek. Without this, a constitutionally protected free society is impossible.

‘If this is true, our individual goal in life ought to be for us to seek virtue and excellence and recognize that self-esteem and happiness only comes from using one’s natural ability, in the most productive manner possible, according to one’s own talents.

‘Productivity and creativity are the true source of personal satisfaction. Freedom, and not dependency, provides the environment needed to achieve these goals. Government cannot do this for us; it only gets in the way. When the government gets involved, the goal becomes a bailout or a subsidy and these cannot provide a sense of personal achievement.

‘Achieving legislative power and political influence should not be our goal. Most of the change, if it is to come, will not come from the politicians, but rather from individuals, family, friends, intellectual leaders and our religious institutions. The solution can only come from rejecting the use of coercion, compulsion, government commands, and aggressive force, to mold social and economic behaviour.

‘Without accepting these restraints, inevitably the consensus will be to allow the government to mandate economic equality and obedience to the politicians who gain power and promote an environment that smothers the freedoms of everyone. It is then that the responsible individuals who seek excellence and self-esteem by being self-reliance and productive, become the true victims.’

Regards,

Dan Denning
for The Daily Reckoning Australia

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Dan Denning
Dan Denning is the Editor-in-Chief of The Daily Reckoning Australia and the author of 2005’s best-selling The Bull Hunter (John Wiley & Sons). He began his financial publishing career in 1997 as a small-cap analyst. From 2000 to 2005 he was the managing editor of Strategic Investment, where he recommended gold and warned of the US housing bubble. Dan has covered financial markets from Baltimore, Paris, London and, beginning in 2005, Melbourne Australia, where he is the Publisher of Port Phillip Publishing. To follow Dan's financial world view more closely you can subscribe to The Daily Reckoning for free here. If you’re already a Daily Reckoning subscriber, then we recommend you also join him on Google+. It's where he shares investment research, commentary and ideas that he can't always fit into his regular Daily Reckoning emails.
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5 Comments

  1. charles walker says:

    there is no such thing as half free

  2. TheForms says:

    Dr Ron Paul will go down in history as a giant of political and moral thought. Compare him to the majority of power mad, moral midgets that most people call political leaders in this country; truly night and day!

  3. Jason says:

    Ron Paul is a realist while ‘The World’s Greatest Tresurer’ is a subservient daschund who, along with Kev the Pekingnese, spends too much time licking the boots of some decadent old superpower wannabe that has a birth rate of 1.3

  4. truth and integrity says:

    Here is the difference between a collective and an individual! Guess who? Ron Paul is a true principled individual with altruistic values in life. Read the Fountain Head by Ayn Rand 1943. Another true individual. As I write we may note that all great theologians, philosophers, scientists, artists, industrialists were individuals not collectivists.
    I made a number of complimentary comments in previous articles, dumb deniers and hack professor.
    Paul obviously believes in God and is not a denier like our collectivist politicians. He knows the power and freedom expressed through the apostle Paul. He understands virtuosity, freedom, liberty, self esteem, natural ability, excellence, productivity, personal achievement, satisfaction and happiness through, for, by, and with the individual.
    There is only one true freedom. Being a servant to God and neighbour.

  5. Bill says:

    Not so long ago Malcolm Turnbull declared himself to be a “libertarian”. That’s the first time I’ve heard the word used in Australian public life. Hopefully we have a Ron Paul admirer in the wings.

    I went to Kenya recently and during a hot-air balloon ride started chatting to the lady next to me who, it turned out, was the campaign manager for a Republican state senator from New Mexico. I asked her about Gary Johnson. For the next ten minutes she rattled off a list of the things Johnson had done to turn around the state finances from huge deficits to large surpluses, while reducing tax 14 times, slashing the size of government, massively reducing red tape, increasing employment at multiples of the national average, luring hundreds of new businesses to the state. etc. Then she declared she could never support him because he favoured decriminalisation of marijuana.

    It was a nice balloon ride, anyway.

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