Tag Archives: Economy

The Bailout Surge

by Rep Ron Paul
This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session.  I have always opposed government bailouts of private organizations.  Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types of policies are foolish and [...]

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Spending the Economy into Oblivion

by Rep Ron Paul
With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington:  How will we pay for this?
While a few Members of Congress have raised the issue, it certainly was not the primary concern of the House [...]

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Capitalism Without Capital?

by Rep Ron Paul
It has been long understood that our federal government is going deeper into debt, consistently raising the debt ceiling and demonstrating no fiscal restraint. In recent years, debt ceiling increases have been placed in “must pass” legislation as a means to guarantee that Republicans as well as Democrats would vote for them [...]

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The Do-Something Congress

by Rep Ron Paul
It has not been a good week for the Republic.  It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would.
The bailout failed the first time it was brought to the House.  Undaunted, the Senate pressed on by attaching the bailout as an [...]

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Economics and the Meltdown

by Rep Ron Paul
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to [...]

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Financial Advice from the Founding Fathers

by Chuck Norris, WorldNetDaily
America is broke. Wall Street is going out of business. The government is borrowing and bailing like there is no tomorrow. Americans anxiously await the full impact of a second Great Depression. And we all are longing and looking for solutions and saviors.
Well, have no fear. Our founders are [...]

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A problem of regulation?

by Mark Thornton, Mises Economics Blog
The financial panic that has engulfed the planet is considered by politicians, bureaucrats, journalists and mainstream economists to be a problem of regulation. I find myself in the uncomfortable position of having to agree with this gang of opinion makers, but it is not a problem of insufficient regulation, inadequate [...]

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Freedom is Golden

by Rep Ron Paul
As the Olympics wind down, I am amazed at how things change every four years.  Many Americans were glued to their televisions to watch the excitement from Beijing, and also heard announcers wax nostalgic with memories of times when the Soviet Union was the USA’s biggest competitor for Olympic gold.
There was a [...]

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How Foreign Policy Affects Gas Prices

by Rep Ron Paul
We’ve heard how the value of the dollar affects gas prices – and indeed the price of everything.  I was pleased that my request for a hearing on such was granted by the Financial Services committee and we were able to hear some very informative testimony.  Certainly domestic policies, regarding off-shore oil [...]

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Washington DC’s Intervention Addiction

by Rep Ron Paul
One problem with politicians is that when problems they create come to a head, they typically feel this irresistible urge to DO something, rather than to UN-do something, or to simply back off to avoid exacerbating the situation.
Too often, that which they end up doing has very little connection to the cause [...]

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