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Ron Paul supports Austrian Economics, True Freedom?

Submitted by V1-P on Fri, 10/09/2009 - 14:15
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There are some new comers to this site and I wanted to fully understand Austrian Economics myself. So I went to a newsletter here:
http://mises.org/journals/aen/aen16_1_1.asp

To set the stage for the author is the following (he wrote it):
I emerged from higher education--like most of my generation in Britain--with a strong affection for the public sector. Like so many others, I believed that you could not be a compassionate, caring person unless you believed in big government. I accepted that market forces had some uses in promoting economic efficiency. But I thought the government had to intervene in countless ways to prevent "market failure" and that it had a moral duty to redistribute resources on a massive scale to ensure "social justice."

How and why did my opinions move in a classical liberal direction? Three sets of forces helped change my views. The first was..read it here http://mises.org/journals/aen/aen16_1_1.asp

This approach will help new comers. Feel free to add any comments. Thanks.

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great article

Submitted by glassman on Sat, 10/10/2009 - 12:45.

Great article...enjoyed reading it. My current approach to my liberal friends and family is the non-aggression argument as an analyzing it as a principle. Because if it is a principle they can agree on, then austrian economics is the only system that upholds that principles in most all cases. My liberal friends will usually agree on it in the case of the Iraq war. Conservative friends on the basis of taxes being an act of aggression against one citizen for another. But it is definately encouraging to hear this persons transformation story. Gives me hope for my wife's more liberal family.

Thanks again.

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