Episode 0205 · Jul 17, 1996 · 2h 55m
July 17, 1996: Libertarian presidential candidate Harry Browne
Key Moments
Open transcriptBrowne's pitchback to a country bound by the Constitution: Asked where he would take the country, Browne lays out his core platform - every dollar you earn stays yours, you plan your own retirement with 4 to 8 percent put aside, no federal war on drugs driving urban crime, the prosperity of the 40s and 50s with 90s technology.
Repeal the income tax - fund government with tariffs and exciseBrowne commits to abolishing the income tax with no replacement - no flat tax, no sales tax - by reducing the federal government to a size that doesn't need it. He frames it as a 20–40 percent take-home pay increase and notes a trillion dollars a year is currently pulled out of the economy in income and Social Security taxes.
Six-year asset auction to retire the federal debt and Social SecurityBrowne proposes a six-year program to auction off federal assets - the 52 percent of land in 13 western states, pipelines, power companies, commodity reserves, unused military bases. First proceeds buy private lifetime annuities from Equitable, Prudential, or State Farm for everyone currently on Social Security; remaining proceeds pay down the federal debt. He cites estimates from $12 trillion up to $50 trillion.
Bill of Rights as absolute - repeal Brady, repeal the assault weapons banBrowne states the Bill of Rights is 'an absolute literal document' - he would push to repeal the assault weapons ban and the Brady Bill, prosecute anyone using a gun to threaten or harm, and discipline or prosecute executive-branch employees who violate any constitutional right.
Art presses Browne on the hardest libertarian positions, from legalizing all drugs to abolishing the FDA, the FCC, and federal gun control laws. Browne argues that every government program produces the opposite of its intended effect, pointing to the war on drugs as the primary driver of violent crime in American cities. He advocates bringing all troops home from foreign deployments and building a missile defense system rather than maintaining a global military presence. On social issues, he opposes federal involvement in marriage, rejects the Defense of Marriage Act, and calls the assault weapons ban unconstitutional.
The conversation captures a pivotal political moment, with Browne arguing that widespread disgust with both major parties has created an unprecedented opening for libertarian ideas. His refusal of federal matching funds on principle underscores a candidacy built on ideological consistency over political calculation.
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