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We speak of free markets and abandon it's ideals at the sign of trouble. Recipe for disaster. The free market system is based on self regulation. You go to far in any direction and you can and most likely will fail. The only thing the government should do is break up monopolies IMO.
Perpetual monopolies cannot really occur for the most part under a true free market system. Most monopolies only remain that way through lobyist influence or by otherwise using laws to prevent competition.
We speak of free markets and abandon it's ideals at the sign of trouble. Recipe for disaster. The free market system is based on self regulation. You go to far in any direction and you can and most likely will fail. The only thing the government should do is break up monopolies IMO.
Our "free market" protects the corporations while eliminating the peoples' rights. Considering our own government subsidizes these entities, it's nearly impossible to have a situation where only the strong survive.
I have read a lot of what Peter Schiff has said over the years and this man knows what he is talking about. Listen to him talk about the housing bubble. Everything he predicted has played out. That is why I have said Obama reminds me of Carter.
I have read a lot of what Peter Schiff has said over the years and this man knows what he is talking about. Listen to him talk about the housing bubble. Everything he predicted has played out. That is why I have said Obama reminds me of Carter.
And so does McCain...he should have voted against the bailout or actually offer a plan on the economy that is something more than the other guy's plan won't work...the winner in this election gets the joy of handling this big bag of crap they created, in both parties. Good luck to either guy being more than a one-term president without having created another bubble...
I have to say I agree with him here. We need smaller government before we can have a stronger economy. Government over spending has gotten way out of hand.
I'm not sure there can be another bubble. Oil is crashing and it was supposed to be the next sure investment.
What do they have left to overinflate? The dollar itself.
Drum roll please....my educated guess....infrastructure. It has been bantered about a lot and is something the government can easily overspend and legislate pork on...Just my two cents.
Drum roll please....my educated guess....infrastructure. It has been bantered about a lot and is something the government can easily overspend and legislate pork on...Just my two cents.
There is talk in some circles of T Boone Pickens being chosen for Obama's cabinet. Chickens, fox, henhouse and all that jazz.
I have read a lot of what Peter Schiff has said over the years and this man knows what he is talking about. Listen to him talk about the housing bubble. Everything he predicted has played out. That is why I have said Obama reminds me of Carter.
He does remind me of Carter. Those were bad years, granted I was in HS, but I remember everyone complaining, and those long gas lines, lol.
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