On Restoring Confidence in the Markets

Congressman Ron Paul gives us his thoughts on restoring confidence in the markets moments after the President's address this morning.

Category:

News & Politics

Tags:

• austrian
• bailout
• capitalism
• congress
• crash
• dow
• economics
• fiscal
• freedom
• liberty
• paul
• policy
• ron
• stocks

[scoobydubby]

i LOVE RON PAUL!!!!!!!!!!!!!!!!!!!!!!!!!!­!!

[tkubic46]

RP is a genius!

[nalcow]

Yes that's true, but the circumstances now are different than in the Great Depression. The root cause of this mess today is the massive injection of money into the system to support wars, increasing deficit, causing inflation and currency devaluation. The problem now is to keep on monetizing debt and continuing spending spending without limits, instead of bringing balance to the budget. There is a missallocation of resources because of the massive increase of the money supply.

[nalejbank]

Since you think Ron Paul is insane I hope you will accept my labeling you as insane. After all if you have a right to your opinion, why shouldn't I?

I am curious though... what political party do you support? Did you support Obama? How much more debt do you think the federal government can go into before the dollar is worthless, or have you thought about it? When was the last time you read the US Constitution, or does that matter?

[TheUnitedFreak]

big (hugs) for you! ^_^

thank you for fighting for our freedom! ^_^

[RonPaulisInsane]

Thanks. We need solutions that cross both parties and Ron Paul has been way too narrow.

[DaveDoggOwns]

Okay, so RP is insane. I agree. He saids that there is no point in cutting taxes if your not going to cut spending.....yet he cuts them anyway. All I was doing was proposing a theory on why he cut them.

[RonPaulisInsane]

Ron Paul isn't worried about debt when huge tax cuts create massive deficits. He just worries about it when our financial system is about to collapse and cause a global economic meltdown.

[DaveDoggOwns]

1)The government forced them to make risky loans. In free market, there would be nothing forcing them to make risky loans.

2)RP doesn't want to wait for Congress to cut spending before lowering taxes. He supported cutting them (in my opinion) to give Congress an incentive to cut spending. RP himself even said that there is no point in cutting taxes if your not going to cut spending.

And your confusing deflation with monetary contractions.

[RonPaulisInsane]

Actually Ron Paul's mantra is *Never blame capitalism for anything.*

That's why he STILL doesn't support regulating the securities that funded risky mortgage loans on a massive level.

That's why he STILL supports Bush's huge tax cuts even though they turned the gov's surpluses into massive deficits.

That's why he blames the fed for all of the market's irrational bubbles and collapses even though we also had them during deflationary periods on the gold standard.

WHO'S FAULT..

[DaveDoggOwns]

OHHHHHHH, well WHO'S FAULT IS THAT.....That's like saying "Slaves shouldn't be free because they wouldn't know what to do after they become free."

[RonPaulisInsane]

You will get a lot more than a poor allocation of resources if our financial system collapses.  You will get a massive contraction in the money supply that would destroy our economy.

My site's video from Milton Friedman discusses how.