Just found this video on YouTube. YouTube just rocks. As I like to say, THANK GOD FOR THE FREE MARKET. YouTube would have never been developed by socialists.
Ron Paul, who seems to be the only politician with a clue, writes in Forbes about how the Fed is the cause of our current crisis, and how they are doing the same thing now that they did to create this crisis. Many talk about our current crisis as the result of building the housing boom out of house of cards. What happens when you find out your entire currency and banking system is built out of the same cards?
Be Prepared for the Worst
Ron Paul, 10.29.09, 09:20 AM EDT
Forbes Magazine dated November 16, 2009
The large-scale government intervention in the economy is going to end badly.
Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.
A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.
Last night, Ron Paul was on Larry King after Michael Moore. Ron Paul, who seems to be the only congressman who understands economics, rightfully explains that Michael Moore doesn’t seem to know what the free market is. He’s mixing corporatism with capitalism. As I’ve always said, if you listen to liberals talk about capitalism, they are never talking about capitalism. They are talking about whatever they put before capitalism. How many times have you heard crony capitalism, corporate capitalism, greedy capitalism, etc? Their complaint is not about capitalism. Their complaint is with cronyism, corporatism, and greed. None of them are synonymous with capitalism. They are more closely synonymous with government, the very solution that they then propose. Anyway, here’s Ron Paul.
http://www.dailypaul.com/node/112628
