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FightGlobalPoverty (October 9, 2008 at 9:42 pm)
Some Libertarians believe we need a financial collapse to eliminate debt or *excess credit.* That is insane.Financial collapses are catastrophic because they cause a severe contraction in the money supply.This contraction goes far beyond a normal adjustment because the dollar you put in the bank circulates among ten people after the banks lend it out. All of that is wiped out when the bank fails.Using a financial collapse to modify the system is like using a tidal wave for a drink.
nowayjose470 (October 8, 2008 at 2:14 am)
Ron Paul has been dead on for decades about our economy, and so are the Austrian economists he learned from (they predicted the Bear Stearns crash a decade ago.) The bailout isn't the beginning of the end, it's the end of the beginning for the worst financial crisis since 1929.
indyrecordstore (October 5, 2008 at 9:56 pm)
youll see soon enough he was right on about everything, hopefully it wont be too late when everyone realizes it
jackooboy (October 5, 2008 at 5:23 am)
Game Over.
alcoholic714 (October 4, 2008 at 10:37 pm)
Live simply so that others may simply live.
crashoppe (October 2, 2008 at 11:52 am)
It seems they want us to "buy" these morgages so THEY can profit from the assets(housing)of the morgage. The houses and their value are still there.I'll be more willing go to prison for tax evasion before bailing out yet again the same 'ol failing system,,,,,AGAIN.WHAT GOOD DID IT DO YOU WHEN YOU BAILED OUT THE AIRLINES NOT TOO LONG AGO ???!!! HEELLLOOO????????????GO RON PAUL/ CHUCK BALDWIN '08 !!!!!
MagellanOfBass (September 30, 2008 at 12:07 pm)
This guy makes sense.
tommyde8 (September 30, 2008 at 9:38 am)
2003 reform was proposed on Freddie Mac / Fannie Mae -This is Barney Franks Response: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
mkjerl2010 (September 29, 2008 at 9:38 pm)
now i see why people liked him for presdent.
cffalk (September 29, 2008 at 2:43 pm)
YOU KNOW.... i generally think ron paul is a kook , but he was dead right on this shit. we need a third party, NOW |
