RON PAUL JANUARY 22, 2010 ON FOX
we need free market banking says Dr. Ron Paul , Bernanke himself is not the main responsible of all this mess , it is the Alan Greenspan and the cheap credit for more than 30 years....easy money , easy comes easy goes says Dr. Ron Paul , and it has been pushed into the system , it is a system that is destined to come down and it ius coming down ..Congressman Ron Paul added....
The free market did not cause this crisis, the government did.
ReplyDeleteThe free market did not take us off the gold standard, the government did.
The free market did not dump trillions of dollars of cheap money into the system, the government did.
The free market did not create multiple trillion dollar entitlement programs, the government did.
The free market did not create Fannie Mae and Freddie Mac, the government did.
The free market did not write a tax code that favors one product (real estate) over others, the government did.
The free market did not pass laws that force banks to lend to those who do not qualify for a loan, the government did.
This crisis is the result of a giant social engineering experiment and vote-buying scheme gone tragically wrong.
The free market does not try to engineer society or buy votes, the government does.
The government caused this crisis, the free market did not.