i dont see how his argument has a leg to stand on. this has everything to do with leverage and regulation that prevent irresponsible borrowers from paying the price they should pay for borrowing things they couldn't afford. If those who lost their homes were held responsible for getting in over their heads instead of just being able to walk away, this wouldn't be as big of an issue.
The actual bail out may hurt the dollar in theory, but in practice it won't. If america stabilizes our financial markets, we stand to make out well. The American dollar has always been somewhere that foreign individuals, governments and corporations feel safe putting their money. we need to prove to them that it is, or else that is what is really going to hurt the dollar, not to mention the massive interest rate cuts that will follow.
the fun thing about ron paul is he recommends all this stuff that is simple and different. the sad thing is that we tried all his ideas in the 1800's and early to middle 1900's.. It didn't work then and it won't work
what else i mean to say is that the lack of regulation on leverage is what caused the problems in the first place. then the laws protecting irresponsible borrowers amplified the problem. look up how the glass stegall act and the financial modernization act affected the us banking industry and it should be pretty clear how removing regulation actually put is into this mess.
I always get the impression that you have this off-kilter idea that Libertarian ideals are against regulation. As if you have confused Libertarians with Anarchists in a way that makes it really easy for you to straw man argue the positions down. It's really easy to oversimplify a perspective and say it's wrong, but it's also really evident to me that you've got some serious tunnel vision here and misunderstand the stance.
Could you be more specific on what we tried at those times that didn't work?
Ron paul is wrong about the causes of the crisis. We loaned too much and we didn't borrow enough and it happened because of a lack of regulation. printing money has NOTHING to do with it. this is ron paul's straw man. Because he's wrong about the causes, im sorry I can't argue his points. The root of his reasoning is flawed, so i'm starting there
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The actual bail out may hurt the dollar in theory, but in practice it won't. If america stabilizes our financial markets, we stand to make out well. The American dollar has always been somewhere that foreign individuals, governments and corporations feel safe putting their money. we need to prove to them that it is, or else that is what is really going to hurt the dollar, not to mention the massive interest rate cuts that will follow.
the fun thing about ron paul is he recommends all this stuff that is simple and different. the sad thing is that we tried all his ideas in the 1800's and early to middle 1900's.. It didn't work then and it won't work
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Could you be more specific on what we tried at those times that didn't work?
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