Unfortunately, Ron Paul is one of a kind.
Has anyone noticed that his predictions are already starting to come true. Gold spiked up last week, and the dollar was down.
If there were 435 Ron Pauls in the House of Representatives, America (and the world) would have little (that is within human control) to worry about. My own venerable senator Rick Santorum notwithstanding, there isn’t another member of congress who can hold a candle to the distinguished representative from Texas. He is the only man I am aware of who now holds national office whom I would venture to place in the same category as George Washington, Robert E. Lee, or Ronald Reagan. A select group, for sure.
What has happened to common sense (economic or otherwise)?
The current downturn in the economy has been not only aggravated, but more likely caused, by government intervention (the Federal Reserve being the biggest culprit in the setting up of roadblocks to the workings) in a free market economy. Artificial manipulation of the money supply simply delays the inevitable (and, the longer the delay, the harder the fall will be). It’s as simple as a matter of the survival of the economic fittest. Propping up, or encouraging, investment where such investment is not advisable discourages sound investment. And dealing in fiat money simply represents a catastrophic economic ‘accident’ waiting to happen.
Face it. We no longer live in a free market economy. And the longer we allow the let’s-make-policy-based-on-creating-the-highest-standard-of-living-for-the-largest-number-of-people (and work ethic, penchant to save, prudent investing, and achievement be damned) coterie to do the economic directing, the less free and autonomous (and more restrictive and socialist) our economic environment will become. Not to mention loss of liberty (economic, and otherwise).
As is the case with the erosion of all of our Constitutional freedoms, our free market economy is finding itself systematically dismantled simply because we have abdicated our own decision-making responsibility as a free people by handing it over to our government overseers. And, if nothing else, government overseers always seek two things: (1) expansion of their roles in our lives, and (2) degradation of that portion of our lives over which we have relinquished control (so as to increase the need for (1)). Thus the creation of fiat money, and its Pandora’s box full of negative economic ramifications, for which none of us can even begin to envision, let alone comprehend, a solution. So we turn even more helplessly to government (the source of the Pandora thing, to begin with) to bail us out (and we are then simply subjected to more of the same….kinda lends new meaning to the phrase Catch 22).
The founders who were most knowledgeable regarding economics all railed against the idea of government debt and centralized economic policymaking. They knew, even two hundred-plus years ago, that, human nature being what it is, and political human nature being even more base, such a state of affairs would lead to the glorification of debt and the erosion of the value of the base of the monetary system.
Debt is never a useful tool in propping up a sagging economy. And the current notion (gaining more and more widespread acceptance even by fiscal conservatives) that legitimizing debt is an economically logical solution to what ails us is beyond frightening. Legitimizing debt represents a giant step toward government expansion and loss of (more) liberty. Nothing more. Nothing less.
One of the most frightening pieces of information in this speech is the fact that the IPI has endorsed the notion that ‘national debt can lead to a growing economy....and that government borrowing produces steady, long-term growth, greater security, and a higher standard of living.’ Keynes would be proud. Real economic conservatives are sickened by the capitulation.
As Ron Paul so eloquent asserts (and says it far better than I), the current economic theory that permeates all decisionmaking, unless it takes a drastic turn to the right (as in correct/sound/logical), will result in nothing more than (1) an economic upheaval that will make ’29 seem like child’s play (and whose ramifications will be far more long lasting), and (2) the irreversible loss of many of our Constitutional liberties.
Gold spiked up last week. And the dollar was down....snopercod
Not a trend that’s likely to abate anytime soon.