Ten ANTIFA Members Arrested and Charged With Attempted Murder in Ambush of ICE...
CNN’s Dana Bash Says It’s Harder for GOP to Politicize Deadly Texas Flooding...
Tom Homan Has Had Enough of the Left's Rhetoric After an Officer was...
TikToker Claims Video of Abandoned Still-Running Lawnmower Shows Illegal Aliens’ Fear of I...
Humble Hero: Coast Guard Swimmer Scott Ruskan Shares Spotlight with Kids Rescued from...
Wisconsin State Senator Gets Dragged Brutally After One of the Dumbest 2A...
Tik Toker Goes on Obscenity-Laced Rant, Says Texas Girls Died in Flood Because...
Democrats Have Created a Violent Monster They Can No Longer Control
Report: Hamas Has Put a Bounty on American Aid Workers and Demands a...
Ron DeSantis Has a Suggestion for Elon Musk That Could Have a MONUMENTAL...
Border Patrol Chief Gregory Bovino Has a Message for Karen Bass: 'Better Get...
MSNBC’s Joe Scarborough Can’t Directly Blame Trump for Deadly Texas Floods so He’s...
Thanks, Obama! Turns Out the 'Affordable Care Act' Made Healthcare MORE EXPENSIVE Than...
Karen Bass DEMANDS ICE Leave During Massive Raid in MacArthur Park (Spoiler: They...
Totally Warped Dem: Photoshopped Jogging Post by Hakeem Jeffries Shows How Bent He...

Sen. Rand Paul Shares a Timely Quote About Socialism and Economics

AP Photo/Frank Franklin II

Sen. Rand Paul (R-Kentucky) shares a timely quote about socialism and economics.

Socialism and economics are incongruent in theory, regulation, and practice.

The idea of economics is proper management of money and capital. Many dollars flow throughout an economy, and the budgeting of those dollars varies based on different priorities and goals. The idea of socialism is no management of money and no capital. Budgeting a dollar is a superfluous activity in a system that does not allow wealth-building or genuine freedom of choice.

Advertisement

Economics is regulated mostly by itself and when necessary by proper overseeing agencies. A substandard product is likely to be short on market demand, and a dangerous product is likely to be disallowed by a government agency. Socialism is regulated by nothing but the authoritarian impulses by which it is brought into being and upon which it rests. Government decides what is offered and what is allowed for purchase based on no set boundaries and no market pressures.

Economics is driven by market decisions. Demand for a product or service determines its staying power and future production. Socialism is driven by government decisions. Nothing determines what is offered and what is allowed for purchase except, to be necessarily redundant, the authoritarian impulses by which socialism is brought into being and upon which socialism rests.

Economically, people can gather what they need and want through earning power, through investment, through budgeting, through decisions, and ultimately through freedom. Socialistically, people get what they are doled, whether they need it, want it, like it or not. The quote Sen. Paul shares is quite correct. Socialists do not understand economics, which is evident by their very attachment to socialism. They do not understand economics because socialism and economics are incongruent.

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement