bigmanbt wrote:
Footwedge wrote:
bigmanbt wrote:
Footwedge wrote:
Paladin wrote:
Paul as a Libertarian believes that the Feds have no role in ANY dealings with business. The "market" will "correct" any problems. Thus , the Civil Rights Act is just the opening act. Wait till he is pressed on other issues as he wants to ( and has said) that the FDA should go ( safe food & drugs), Dept of agriculture ( in a tobacco state), eliminate laws for coal mine companies ( wait till the miners in E. Ky. hear this one), etc. His ideology will kill him with large groups of people. And the Lousiville Courier has its transcripts of their interview of him for the primary. He failed miserably and as they noted, he is far outside the mainstream of politics, even for Ky. and people will find his extremists views appalling. He was NOT endorsed in the GOP race nor will he be in the general election. And there is an extensive record with the radio "flake" Alex Jones , in which the record will soon be exposed. All politics are local and Paul is stepping on many toes.
Libertarians believe that everything comes with a price. Libertarians like to live within their means. Libertarians do not want things given to them for nothing. Libertarians cannot grasp the idea of just "printing money" out of thin air to expand wealth.
Libertarians have no problem with government expenditures if they truly help society and the people pay for it with cash, and not deferred taxes to future generations.
Libertarians also believe in a strong defense.,,but a defense program that involves fiscal sanity...and one that is limited to defense...and not offense.
I personally take exception to their thinking that unbridled capitalism is the solution to what ailis all America.
In fact, their denouncement of the private banking industry is a tad hypocritical IMO. But that's a subject for a different thread.
I personally don't blame the banking system as a Libertarian (me and my friends call ourselves Democratic Republicans like Jefferson). I blame the government for being involved in the banking system since 1913. Banks, in the history of the world and the US, have been sanctioned by governments and governments have had their hands in banks for a long time. It's only natural there would be corruption where there's intervention.[/b]
The less government oversight of the banking insudtry, the more corruption and destruction of our free market banking system occurred.
I disagree. You rarely heard of banking troubles pre Federal Reserve. Get rid of the Fed, get back to Austrian economics and America prospers. Also need to raise the amount of reserves needed on hand, I personally think 10% is far too little.
Edit: let me also say, I am not a true laissez faire Libertarian. I realize the need for good, honest regulations that promote competition. But the financial reforms being proposed today will have little effect and will only make the business people find other ways around them. Booms and major busts in our future, thanks to the Federal Reserve.
First, the banking industry's cartel started long before the Federal Reserve came into being. And secondly...you have to ask yourself this....who exactly is the Federal Reserve? We both know that the FED is not a government entity, right? Calling it the "Fed" is a huge misnomer. But the real point I'm making here is that the FED is nothing more than a collection of private banks....defining the evils of oligopolies to a T.
No, we can be a free, capitalist society...and it would function a lot better with proper oversight...thus helping the confidence of the American people.
The illegal counterfeiting of the Fed is nothing more than the private bank cartel ensuring that there will be ample "cash" in circulation paying them back for their interest rates.
Put another way. Whrn the FED* (see above) "loans" money out, the cash is "created" through the printing press. But the future accrued interest charges are not printed. This very concept by mathematical laws help create the liquidity problems permeated throughout the macro monetary system.
The bottom line....bankers "create" IOU's which cannot be paid back per terms of their contracts.
The cherade continues until the cherade continues.