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Tag Archives: GOP

Pro-Business or Pro-Market: The GOP can’t have it both ways anymore

We’ve said it many times here, and many others have said it before us in other places. Free markets are not typically the friend of big corporations with lots of market share, money, and friends in government. These companies are already fat and happy. Free markets and free prices allow new challengers to enter the marketplace. This brings prices down and quality up. Not what the fat firms want.

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Will GOP lawmakers do anything about the “Too Big To Fail” bank subsidy? Probably not.

Dave Camp in the House and David Vitter in the Senate are looking to address the implicit subsidy granted to banks designated as too big to fail. These banks are able to borrow at lower than true market rates because they are backed by the US taxpayer. Their smaller competitors who do not have this taxpayer financed guarantee must borrow at higher rates and so are at even more of a disadvantage versus the big guys. Over time this means that capital will increasingly move from small banks to large. (This is just one of the problems with Dodd-Frank.)

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Don’t Get Too Comfortable With the GOP’s New Love For Libertarians

Indeed. The GOP has long been a big government, crony capitalist party. Just because the Republicans seem to have shifted a bit  toward liberty in their rhetoric doesn’t mean that if the party were to gain power it would embrace ideas based in liberty. This would necessarily mean giving up power to the people and politicians are very jealous when it comes to power.

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Justin Amash wants GOP that “includes more gays, lesbians, minorities, women and young people”

Amash is a friend to those who fight crony capitalism, and to those who believe that the best government is the government which governs least. His above statement was in response to an another statement by an RNC committee member who said on Facebook, “Have you ever seen a Muslim do anything that contributes positively to the American way of life?”

That’s nice.

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