Power & Market

Prospective 2024 Candidates, Slash Governments

The Great Depression was forced by 8 years of 7.8 percent average annual True Money Supply increases; Great Inflation I, by 18 years of 9.9 percent increases; the Financial Crisis, by 12 years of 11.0 percent increases. By April 2022, Great Inflation II had already been forced by 14 years of astounding 22.2 percent increases.

Now the outgoing congress has grabbed control of spending from December 24, 2022, through September 30, 2023. A full 4,155 pages of executive funding decisions were drafted in secret by a logrolling legislative committee, passed without meaningful debate by legislative majorities, and signed by the acting president. Of the outgoing senate’s Republicans, the yes votes totaled 36 percent and the non-votes totaled another 6 percent.

This logrolling isn’t constitutional. The executive power includes the power to set line-item priorities on how to best execute the laws. The legislative power only includes the power to set the overall total appropriation.

And this logrolling has devastating real-world costs. Legislators who vote for this logrolling, and executives who sign off on this logrolling, rob everyone who earns money and everyone who saves money.

Inflation must be stopped at its source

Great Inflation II won’t end until spending is slashed by politicians.

Executives’ duty is to only sign bills that they interpret to be constitutional, to only execute laws that they interpret to be constitutional, and to not execute the rest, removing these from spending. Candidates not currently holding an office should specify every law they would not execute.

Legislators’ duty is to only vote for those bills that they interpret to be constitutional, and to sponsor repeals of the rest, removing these from spending. Candidates not currently holding an office should specify every law they would sponsor a repeal bill on.

The Constitution makes its rules clear.

There must be no administrative agencies in any jurisdictions. Laws must provide every rule and sanction, must be passed by legislators and signed by executives, must be enforced by executives, and must have their cases opined on by judges.

There must be no violations of the national government’s enumerated powers. There is no power for any national-government criminal law other than on treason, on counterfeiting, and on the natural laws that bind national governments.

State and local governments must be of republican form, and this includes that their powers must be limited and enumerated. These governments should be out of schools, out of licensing, and out of zoning and permitting. They have criminal law to simplify and enforce, and that’s about it.

Politicians must compete to slash governments

When former president Donald Trump suggests that he would lay off the top managers, that action would at best just amount to hiring new managers, not slashing governments.

When Florida governor Ron DeSantis has signed increasing budgets, that hasn’t been slashing his government.

But when Representative Thomas Massie tried to force an on-the-record roll-call vote about the coronavirus stimulus, that was using his constitutional powers as fully as he could to slash governments.

Based on these politicians’ records to date, a competition between them wouldn’t even be close.

Inflation is an unconstitutional government power-grab—stealth taxation without representation.

Prospective 2024 candidates need to compete to slash unconstitutional government. Either current officeholders start slashing governments now and keep slashing governments, or we keep suffering until future officeholders start slashing governments eventually.

Constitutionalist candidates know this full well. They need to step forward and show how it’s done. If they’re defeated this time around, inflation will only continue, and as it does, their credibility will only grow.

Crises only ratchet up government when constitutionalists don’t step up, take risks, and take charge.

In the unfolding current crisis, voters are primed to support constitutionalists. If constitutionalists start stepping up—now—then instead of yet-another crisis getting leveraged to grow leviathan, this revolutionary time a crisis will again get leveraged to produce limited government.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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