Posts tagged Ludwig von Mises
Great vid. Solutions start at 30:00, brilliance starts at 00:00.
Until the arrogant busy bodies in government repent for their prideful sins and leave us (and the markets) alone we cannot proceed as a society and as an economy.
French’s solutions are based in the hard world of capitalism and will surely lead to painful circumstances for many large banking institutions that issued loans to people who had no business “owning” a piece of real estate (or signing their name as mortgagee to the lender).
Yes, government contributed to this problem by mandating banks to lend to poor people (another exmaple of bad government policy in business) but we must end this cycle now before we are guided into a true fascist/communist/socialist system that leaves political personalities in charge of the precious and infinitely complex decisions that only a free, unihibited market of individuals and business can synchronize.
It might sound dreary, but it is a simple solution that can manifest itself extremely quickly if only allowed to do so.
Check the vid for great examples of the various 2012 candidates plans for the housing market (surprise: they’re bad).
Judge Napolitano and Chairman of The Ludwig von Mises Institute, Lew Rockwell connect for a great conversation on how Ron Paul is dragging the republican party kicking and screaming back to its roots of free markets, peace and non-intervetionism supported by a powerful yet mightily restrained military.
Could such a revolution of mind and action push the currently dominant neo-conservative faction of the republican party out of power?
Will the war hawks one day have to be the ones considered extreme?
When Ron Paul speaks you hear wisdom, knowledge and focus. When Bachmann speaks you hear sound bites, one-liners and applause-ready quips. Perhaps thats because she’s Palin 2.0 and despite a seemingly solid track record there is not enough Constitutional and economic horsepower in the tank to make her a viable candidate.
Well apparently she never got too deep into the philosophy or she’s a recent convert because in 2009 she was giving heartfelt praise to government intervention in her state’s agricultural business.
“Your efforts to stabilize prices through direct government purchasing of pork and dairy products are very much welcomed by the producers in Minnesota, and I would encourage you to take any additional steps necessary to prevent further deterioration of these critical industries, such as making additional commodity purchases and working to expand trade outlets for these and other agricultural goods,” Bachmann wrote.
While it’s true that the state’s pork farmers were experiencing massive problems due to H1N1 and the hysteria surrounding Swine Flu (another government-sponsored fear festival), they still had insurance for times like these.
Allowing–or promoting–government intervention always ends with favoritism and crony capitalism that benefits a few at the cost of the many, enables bad business practices to continue, and destabilizes prices for everyone in the market.