Ron Paul Blows Away Conventional Thinking About Economic Bubbles
The John Birch Society
June 12, 2008
ARTICLE SYNOPSIS:
In a new article written exclusively for The New American magazine, Congressman Ron Paul explains a primary cause of our current economic troubles and what to do about it.
Follow this link to the original source: "“Economic Bubbles”"
COMMENTARY:
Bubbles are fun. Kids love to blow them, Lawrence Welk apparently thought they were “wunnerful,” and Don Ho felt happy about the tiniest of bubbles in his beverage of choice. Reuters reports that even scientists like them so much that they are finding ways to make them last longer.
But there is at least one kind of bubble that no likes to see: economic bubbles. Thanks to Ron Paul’s new article on this topic — written exclusively for The New American magazine — a primary cause of these undesirable bubbles is now understandable to anyone. Simply and straightforwardly entitled "Economic Bubbles," Dr. Paul’s explanation of how housing and other bubbles form is also straightforward and easy to grasp. Addressing not only a major cause of these bubbles but also the solution, this is a complete package that has the potential to change the way Americans look at the economy, the Federal Reserve, and the government’s role (or lack thereof) in minimizing downturns.
Maybe it is best to let Dr. Paul speak for himself:
Politicians still fail to understand both the origins of economic instability and the proper solution. Rather than getting government off people’s backs, their reflexive reaction is to get government more involved, creating new programs and bureaucracies, implementing new regulations, and spending billions more of the taxpayers’ hard-earned money. Only a sea change in congressional thinking will bring most members around to understanding that the proper way to deal with an economic crisis is to lower taxes, loosen regulation, and keep the government’s hands off the economy.
There you have it in a nutshell, or perhaps in a tiny bubble. Now go stick some bubble gum in your mouth, turn on your bubble machine, put on a little Lawrence Welk music, pour a glassful of your bubbly beverage of choice, and click on the link to The New American website. This is one article that just might pop your preconceptions and blow you away.
Wunnerful, wunnerful — thank you, Dr. Paul!
SOURCE:
http://www.jbs.org/node/8364
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