Voters Like Paul's Honesty | Michael D. Tanner | Cato Institute: Commentary

Voters Like Paul's Honesty | Michael D. Tanner | Cato Institute: Commentary: 'At a time when our country is drowning in debt, the other GOP candidates seem unwilling to venture much beyond the idea of cutting “fraud, waste, and abuse.” Paul, on the other hand, has a specific plan to cut $1 trillion from the federal budget next year, including abolishing five cabinet agencies. That may or may not be practical, but it speaks to those seeking a smaller, less costly, less intrusive government, in a way that other candidates, with their 59-point plans for carefully trimming this agency or that, do not.'

Some Additional Reflections on the Economic Crisis and the Theory of the Cycle - Jesus Huerta de Soto - Mises Daily

Some Additional Reflections on the Economic Crisis and the Theory of the Cycle - Jesus Huerta de Soto - Mises Daily: 'the best way to preserve the environment is to extend entrepreneurial creativity and the principles of the free market to all natural resources, which requires their complete privatization and the efficient definition and defense of the property rights that pertain to them. In the absence of these rights, economic calculation becomes impossible, the appropriate allocation of resources to the most highly valued uses is prevented, and all sorts of irresponsible behaviors are encouraged, as is the unjustified consumption and destruction of many natural resources.'

'the credit expansion that central banks orchestrate and cyclically inject into the economic process through the private banking system' ... 'ends up placing an unwarranted strain on the real economy by making many unprofitable projects appear profitable (Huerta de Soto 2009). The result is unnecessary pressure on the entire natural environment: trees that should not be cut down are cut down; the atmosphere is polluted; rivers are contaminated; mountains are drilled; cement is produced; and minerals, gas, oil, etc., are extracted in an attempt to complete overly ambitious projects that in reality consumers are not willing to demand, etc.'