Monday, September 29, 2008

Thoughts on The Finacial Crisis I Had Absolutely No Desire to Blog About

Ya ya ya...everyones talking about it. I really had no desire to blog about it. But my apathy has been cured once again. Now please, take less then 2 minutes to hear a voice of wisdom cut through all the fluff:

As always, Ron Paul is the silenced voice that so desperately needs to be heard. You can hear the calm frustration in his voice, aged with decades of wisdom. You want change? You want hope? You want progress? Listen to the guy who has a lifetime of pent up change waiting to burst forth.

I know he withdrew from the presidential race, but the revolution continues at every level of politics all across America! I encourage you to sign up at


ET said...

Yep. The man is a genius!

Anonymous said...

He is talking about how the fire was started and how to keep it from happening again.

The fire is already raging, he needs to focus on how to put it out or minimize the damage.

David Knepprath said...

If you listen, he does speak to that. Don't throw money at the fire and accountability.

Anonymous said...

Those are not solutions, and would fall into the category of policy statements. He was speaking to the house and encouraging them not to pass the bill that was on the floor at the time. There was no offering of an alternative solution, he was simply indicating that the one put forth was not good. Most can agree on that. There isn't a good solution. The objective is to come up with the best possible plan, if any.

If his plan is to sit back and let the fire burn then that's a solution, but it is wholly uncreative, especially when there are a variety of tools at the government's disposal.

David Knepprath said...

I just read an article by Ron Paul on CNN:

"The solution to the problem is to end government meddling in the market. Government intervention leads to distortions in the market, and government reacts to each distortion by enacting new laws and regulations, which create their own distortions, and so on ad infinitum.

It is time this process is put to an end. But the government cannot just sit back idly and let the bust occur. It must actively roll back stifling laws and regulations that allowed the boom to form in the first place.

The government must divorce itself of the albatross of Fannie and Freddie, balance and drastically decrease the size of the federal budget, and reduce onerous regulations on banks and credit unions that lead to structural rigidity in the financial sector.

Until the big-government apologists realize the error of their ways, and until vocal free-market advocates act in a manner which buttresses their rhetoric, I am afraid we are headed for a rough ride."