Ron Paul – The Revolution: A Manifesto – Page 90 through Page 95

Page 90: Dr. Berry has a clinic in Tennessee. He runs his clinic the way doctors used to run their clinics many decades ago. He doesn’t accept any type of insurance, including Medicare or Medicaid.  This gives he and his patients the freedom to decide for themselves what type of treatment will work best. Dr. Berry can spend much more time treating patients and much less time doing paperwork. His overhead is incredibly low which allows him to pass the savings on to his patients. He charges $35 per visit. This makes it much easier for low income clientele to receive quality medical attention. On the other hand, those who would like to see government run healthcare in its full glory should visit one of our nation’s veterans’ hospitals.

Quote: “In other words, Dr. Berry practices medicine as most doctors did 40 years ago, when patients paid cash for ordinary services and had inexpensive catastrophic insurance for serious injuries or illnesses.”

Quote: “And speaking of poor treatment, those who favor national healthcare schemes should take a good, hard look at our veterans’ hospitals. There is your national healthcare. These institutions are a national disgrace.”

Page 91: There is a misconception among Americans that government regulation is always helpful.Without regulations, we’d all be in grave danger. However, there are many, many instances throughout history in which businesses have lobbied to have themselves regulated. Big business has attempted to lobby for burdensome regulations to be imposed on their entire industry, knowing that the regulations will be too resource intensive for their smaller competitors to be able to comply. Senator George McGovern finally realized the damage that regulations do to small businesses when he retired from the senate and started his own bed and breakfast.

Page 92: Senator McGovern desired as much as anybody to provide a safe and clean environment for his guests. However, there were many regulations that forced him to take measures that were completely unnecessary. The regulations loaded him down with mountains of additional taxes and paperwork. Eventually his little hotel went out of business.

Quote (George McGovern): “As an innkeeper, I wanted excellent safeguards against a fire. But I was startled to be told that our two-story structure, which had large sliding doors opening from every guest room to all-concrete decks, required us to meet fire regulations more appropriate to the Waldorf-Astoria.”

Quote (George McGovern): “If I were back in the Senate or in the White House, I would ask a lot more questions before I voted for any more burdens on the thousands of struggling businesses across the nation.”

Page 93: In school, students are taught that if the federal government didn’t regulate business we’d all be enslaved by giant monopolies. In fact, they are taught, that is exactly what happened throughout history under the unfettered free market system. This is an utterly inaccurate version of history. The government teaches this in the schools so that citizens will not complain about the ever-increasing role of the government in our economy. The prosperity of the United States was not brought about because of government regulation. Prosperity developed in spite of government regulation.

Quote: “But there is an agenda behind this silly comic-book version of history: to make people terrified of the unfettered free market, and to condition them to accept the ever-growing burdens that the political class imposes on the private sector as an unchangeable aspect of life that exists for their own good.”

Page 94: Of course people were poorer 100 years ago than they are today. It wasn’t because they didn’t have enough government regulation. The economy was much less productive back then. They didn’t have the capital equipment or the technology that we have today. The way to increase the productivity of a society is to increase the amount of capital per worker. This allows each worker to produce more goods. The more goods an economy can produce, the higher the standard of living will be. Overtaxing the rich will drive them away eventually. However, it is precisely their capital that is making the overall economy better off. Imposing burdensome taxes interferes with the capital accumulation and investment process and interrupts the upward march towards greater prosperity for us all.

Quote: “All the laws and regulations in the world cannot overcome constraints imposed by reality itself. No matter how much we tax the rich to redistribute wealth, in a capital-starved economy there is an extremely limited amount of wealth to redistribute.”

Page 95: Free trade should extend to international trade. Taken to its logical conclusion, the restriction of international trade would imply that to protect the economy of a particular city nobody should buy anything from other cities. Households, in order to protect their jobs from other households, should only consume what they produce themselves. Economist Frederic Bastiat wrote sarcastically of candle makers lobbying their government to block out the sun because it was destroying jobs. The same logic applies to restricting international trade. However, free trade agreements do not actually encourage free trade. Government agreements aren’t needed for private entities to trade with one another.

Quote: “I opposed both the North American Free Trade Agreement and the World Trade Organization, both of which were heavily favored by the political establishment. Initial grounds for suspicion was the sheer length of the text of these agreements: no free-trade agreement needs to be 20,000 pages long.”

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