In the video below, Ron Paul speaks about the bailouts and how it’s taking a bad situation and making it worse by adding fuel to the fire. You have companies that have performed poorly with assets they have been entrusted and in doing so the government is rewarding them by taking assets from those who have performed well to give to the underperfomers and some how that will make things better. It just doen’t make sense.
It seems that for some people, it appears that everything is falling apart and that we are heading towards the worst depression we’ve ever had. It seems like only a month or two ago, the economy was fine.
American Socialism For The Rich – Filmed on July 20th of 2008, hosts Marek Hirsch and Matt Cropp discuss monetary policy, fiat currencies, and the role of government in stimulating the economy.