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Ron Paul: Corporatism - not free markets

Congress Floor Monday - 9/29/08Ron Paul**Partial of his comments on floor - sorry***Emergency Economic Stabilization Act of 2008 - public markup link - http://tinyurl.com/3fnzyd

Canal: News & Politics
Añadido: January 1, 1970 at 12:59 am
Autor: VoiceofAmericans2008

Duración: 01:41
Puntuación: 4.91
Reproducciones: 156207

Etiquetas: Bailout Deriatives HR3997 McCain Obama October Paul Protest Ron Street Surprise Wall

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Comentarios

Wafflepistolreadall3 (January 1, 1970 at 12:59 am)

Why aren't we listening to this man! I live in Michigan which has the highest unemployment rate in the nation. My Dad was just layed off, my step mother lost her job today, and they have both been working for the same company for 20 years! I am having an EXTREMELY hard time finding a job as well. I lost my apartment a week ago.

wafflepistol (January 1, 1970 at 12:59 am)

Things are going to hell in this state. Your state is next too, trust me! I am not asking for sympathy but just for the American people to look at the policies of Ron Paul when it comes to the war and the economy. This is the only ex-nominee that understands what the real America stands for. Listen to all of his debates, advertisements, etc, from the primaries...

wafflepistol (January 1, 1970 at 12:59 am)

And you will find that he was right about the future of this country economically. And now because we can't listen to economists and people like Ron Paul our nation is feeding the fire and putting a pre-depression era on pause. Now I want to know when the damn bread lines open up in Michigan, because I will be the first in line!

lookwhatidid (January 1, 1970 at 12:59 am)

u misunderstand risk entirely. risk is what increases profitability. if risk is under-priced that would tell the market NOT to produce more... there would appear to be no incentive. the market forces have a destructive effect only when issuance of credit is tampered with artificially, that is why the market seems bad, it is distorted and trying to destroy our whole system. get rid of the fake credit and the market will give us love.

Bacchant33rd (January 1, 1970 at 12:59 am)

In any case, tazzdevil24, my argument applies in that the point is that markets are inherently inefficient. Government intervention can help alleviate these inefficiencies.

Bacchant33rd (January 1, 1970 at 12:59 am)

I agree. The ACTUAL history suggests a modification of Fee Market theory. To what we might call Really Existing Free Market theory. That is the one that's actually applied, not talked about.And the principle of Really Existing Free Market theory is:Free Markets are fine for YOU, but NOT for me. So YOU, whoever you may be, YOU have to learn responsibility, and be subjected to market discipline, it's good for your character, it's tough love, etc.

tazzdevil24 (January 1, 1970 at 12:59 am)

How does your current argument even apply? Risk taking that when subsidized, supported, and upon failure is bailed out by the government seems like a much more significant cause of these crises. These bubbles were put in place by Keynesian economists in the fed who tried to control the markets. That does not work! No group of people or central bank can every possibly have enough spontaneous information to predict the markets, plain and simple. You are arguing for corporate fascism!

Serpeki (January 1, 1970 at 12:59 am)

Rather wise politician

Serpeki (January 1, 1970 at 12:59 am)

this man had to be American president!!!

Soupdragoon (January 1, 1970 at 12:59 am)

"Fascism should rightly be called Corporatism, as it is the merger of corporate and government power." Benito Mussolini