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Wednesday, May 24, 2006

Frank Calls Out Republican Hypocrites

Barney Frank chastised Republicans for their opposition to a proposed 6% cut in sugar subsidies. He is right.

I am disgusted by Republicans who spout off free market this and that but place tariffs on imports or approve subsidies to rescue some beloved industry or business. the free market does not protect business from competition. These subsidies, especially regarding sugar (and I am against them for ethanol as well), hurt all Americans.

Frank said:

Mr. Chairman, I am here to confess my reading incomprehension. I have listened to many of my conservative friends talk about the wonders of the free market, of the importance of letting the consumers make their best choices, of keeping government out of economic activity, of the virtues of free trade, but then I look at various agricultural programs like this one. Now, it violates every principle of free market economics known to man and two or three not yet discovered.

So I have been forced to conclude that in all of those great free market texts by Ludwig von Mises, Friedrich Hayek and all the others that there is a footnote that says, by the way, none of this applies to agriculture.

I would hope Frank would actually read Hayek and von Mises and take their philosophy to heart in all appropriations bills he is involved with.

Thanks to Club For Growth for that tip.

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