My jaw dropped when I heard that presidential candidate Clinton dismissed the unified opinion of every economist on the planet and supported the gas tax rebate. The rebate is John McCain’s proposal. I think that proves both of them are unqualified to be president. Obama isn’t much better when it comes to sorting out economic policy from pandering, although he did avoid that particular landmine.
So I decided to start my own political party. I call it the Economics Party. There’s no paperwork involved, and you don’t even have to stop being a Democrat or Republican or whatever to join. The Economics Party won’t have its own candidates. All we’ll do is agree to vote for the candidate with the best long term economic policy, according to the consensus of leading economists.
The Economics Party would ignore superstition in its decisions. Here are a few things I think would end up on the platform, assuming most leading economists agree:
- Withdraw from Iraq
- More aggressive energy policy (back off on ethanol)
- More sane tax policies
- Limited government
- Legalize doctor assisted suicide
- Keep abortion legal
- Decriminalize marijuana
- Strong education policy
We’d make some exceptions for humanitarian reasons. For example, if a natural disaster hits a poor part of the country, it might be cheaper to let everyone die, but you have to put life ahead of money at some point.
The platform might look Libertarian, but it has differences. For example, a Libertarian might be opposed to the government making people wear motorcycle helmets. The Economics Party would just look at the likely higher cost of insurance in a helmet-free world and decide on that basis. I don’t know which way it would come out.
The Economics Party would be committed to changing its policy recommendation whenever the facts warranted. We’re pro flip-flop when it makes sense. In other words, our brains function properly.
If thirty or forty million people join the Economics Party, all major candidates would have to start paying attention to the consensus of economists. At the very least, voters would become more aware of what the leading economists think makes sense. That seems like a good thing.
Are you in?