Ron Paul \"You Can\'t Reinflate The Bubble!\"
What happens when you live on credit, pay your creditors with more credit, then run out of funds? Witness the downfall of the American Republic.
Funny, he has been predicting this financial collapse for the last 2 years – it was the central platform on which he ran for president in 2007! (closing our overseas operations to reduce the costs was a means to avoid it from happening). Yet, he is virtually unused by the media. He is a Churchill that will not be voted into power because 1) the threat cannot be coalesced into a iconic enemy to fight like the Nazi’s were, and 2) because his rhetoric can’t begin to compete with Obama. Sad. History will look back on him and the unsuccessful grassroots swell of his 2007-8 campaign as the symptom of American collapse.
How much evidence will it take for people to question the idea that the government can “steer/direct/grow” our economy and realize that the government unbalances it and creates the challenges it then “needs” to solve? What has it EVER done right in this sphere?
The talking heads on television, who admittedly do not understand _basic_ economics (supply/demand curves, marginal utility, credit vs. capital, or the relationship between money supply and inflation and its consequence), “inform” an uneducated public (who also don’t understand basic economics) about the politicians promises and the pundits positions as if they were reality – then take polls that the politicians and pundits use as evidence that they are right.
The only part missing from the equation we see/hear in the media is the one that actually matters – the REALITY of market forces, which, like water, eventually go around, overflow, or bust wide open the various obstacles the government puts it its way, causing black markets (organized crime) and destructive collapse, leading the government to “reposition/reform” the obstacles, to ratchet up the process problem one more time, until it can’t and the whole thing collapses. Result? The depression, the meltdown of the 1970’s, and now the meltdown of the 2000’s – which we have been inflating to the point of popping for the last 8 years. Now what? More of the same? You bet.
The greatest political accomplishment in human history – the codification of individual human rights as the foundation of a government – destroyed because of the politicians desire for power (personal and ideological – the road to hell is paved with good intentions) and rhetorical skill to manipulate the gullible American people through an ironic combination of riches (entitlement) and righteousness (envy). The government that robs Peter (the future, the rich), to pay Paul (the present and the so-called poor), will always have the support of Paul, until it collapses into chaos – then government becomes warlords, and the process repeats itself – UNTIL people stop the cycle and put freedom (and the consequent self-responsibility) first – i.e., the American Revolution. It is Paul who needs to step up, and he is too lazy, stupid (by choice), and immature to do so.
End Rant.