Notable & Quotable: Rand Paul

Dec. 25, 2020 2:40 pm ET Sen. Rand Paul asks questions during a committee hearing on Capitol Hi...


Sen. Rand Paul asks questions during a committee hearing on Capitol Hill, Dec. 16.



Photo:

Greg Nash/Associated Press

Sen.

Rand Paul

(R., Ky.) speaking on the Senate floor Dec. 21:

Republicans like to mock Modern Monetary Theory—the idea that government can print money with impunity, that government can spend whatever it wants without the need to tax. Modern Monetary Theory is basically the

Dick Cheney

“deficits don’t matter” crowd trussed up with a new fancy title.

Most Republican rightly lampoon this quackery—that is, when they’re not practicing the quackery themselves. Today many of these same Republicans will vote for a bill that makes Modern Monetary Theory look like child’s play in comparison.

The monstrous spending bill presented today is not just a “deficits don’t matter” disaster; it is everything Republicans say they don’t believe in.

This bill is free money for everyone. Proponents don’t care if you’re fully employed or own your own house or own your own business. “Free money for everyone,” they cry.

And yet if free money were the answer, if money really grew on trees, why not give more free money? Why not give it out all the time? Why stop at $600 a person? Why not $1,000? Why not $2,000?

Maybe these new “free money Republicans” should join the “everybody gets a guaranteed income” caucus. Why not $20,000 a year for everybody? Why not $30,000? If we can print up money with impunity, why not do it? The Treasury can just keep printing the money. That is, until someone points out that the emperor has no clothes and that the dollar no longer has value.

To so-called conservatives who are quick to identify the socialism of Democrats, if you vote for this spending monstrosity, you are no better. When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity.

So the next time you see Republicans in high moral dudgeon claiming and complaining about spending of Democrats and socialism, remind them—remind them if they supported this monstrous spending bill, that really the difference between the parties is less

Adam Smith

vs. Marx and more Marx vs. Engels.

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Appeared in the December 26, 2020, print edition.

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Newsrust: Notable & Quotable: Rand Paul
Notable & Quotable: Rand Paul
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