The Free Market as Regulator [Ron Paul]

U.S. Rep. Ron Paul, R-Texas, 14th District ^ | 2009-08-17

[rabscuttle385]

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[villagerjoel]

Ron Paul gets it. Jim DeMint gets it. Sarah Palin gets it. Who else is out there?

[rabscuttle385]

"I don't believe in a government that protects us from ourselves."
—Ronald W. Reagan

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[rabscuttle385]

Michele Bachmann is pretty good.

Tom McClintock too, if I recall correctly.

Bill Redpath here in Virginia is top-notch.

Oh, wait, he’s a Libertarian who was attacked for being too cozy with Ron Paul’s folks and Republicans of a more libertarian persuasion.

[ex-snook]

This is a democracy where voters evaluate the economic system based on how they are doing. If the ‘free market’ does not produce current jobs and prosperity, something else gets a chance. Only success is rewarded at election time, majority wins.

[dirtboy]

Lately it has been wrongly accused of doing so many things it just doesn't do, that are really the fault of crony corporatism and convoluted government policies that brought on the crisis.

Uh, RuPaul, try and let some reality mix with your views. AIG was a direct result of Phil Gramm getting credit default swaps EXEMPTED from regulation - freeswinging selling of such derivatives with NO oversight.

The GOP and the Dems both had the wrong approaches over the last decade, and their respective failings (lack of regulation in many areas as pushed by the GOP, and Dem fiascos such as Fannie/Freddie) both played a role in the meltdown. We cannot go back to the old partisan model regarding the role of government, because both sides failed. It should be clear that the government should NOT be involved with the operation of markets (Fannie/Freddie) but DOES need to act as a regulator and referee (credit default swaps, regulating ratings agencies, enforcing basic reserve levels). This country needs to learn from past mistakes, seeing how expensive they have become. RuPaul is still failing to do such - hardly a surprise, seeing how he clings to an 18th-century viewpoint on foreign affairs.

[Wolfie]

So who’s for a free market in crack, heroin, and marijuana?

Thought so.

[BGHater]

Milton Friedman.

That’ a moral argument, not an economic one.

[bamahead]

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[djsherin]

Ping

[getsoutalive]

So who’s for a free market in crack, heroin, and marijuana?

Thought so.

LOL. Black markets are the closest thing to a truly free market that we have in this country.

[murphE]

BTTT

[secretagent]

AIG was a direct result of Phil Gramm getting credit default swaps EXEMPTED from regulation - freeswinging selling of such derivatives with NO oversight.

The market's freeswinging correction should have followed, instead of the government's bailout.

[gargoyle]

...Yea, yer lame aurgument always comes back to the fact that he voted against an un-constitutional war against Iraq...

[takenoprisoner]

“hardly a surprise, seeing how he clings to an 18th-century viewpoint on foreign affairs. “

Seems proper to me, since it was in the 18th century the US declared independence from a foreign nation. Right on Ron Paul. Maybe dirtboy is an acronym for dumber than dirt?

[Impy]

So more regulation is the answer eh? I doubt that.

[dirtboy]

The market's freeswinging correction should have followed, instead of the government's bailout.

Except a lack of adequate regulation and reserve requirements would have led to a complete financial collapse. That's the point - basic regulations would have prevented a lot of the mayhem in the first place.

[dirtboy]

Unconstitutional war in Iraq? Last I checked, it was authorized by Congress, which was a de facto declaration of war - it was not a unitary move by the Executive.

Another Paultard with a warped notion of the Constitution. Some wild shrimp? It's really delish wrapped in Paul's pork.

[dirtboy]

Maybe takenoprisoner is as stupid and hypocritical as his hero Ron Paul?