In case you're in the mood to hear grown men argue and interrupt each other over economic issues, here's a video:
Peter Schiff is a very smart man and has been saying things along these lines for almost two years now. The beauty and danger of the free market capitalistic system is the lack of ceiling and limit, but that comes with no safety net. The government has to let these companies fail so that they can re-structure and re-adjust to the current circumstances.
And why not have Ron Paul weigh in on the issue? No matter what everyone thinks, when it comes to finances and economics in our country, Ron Paul has always sounded much more knowledgeable than Obama or McCain. Worth listening to at least.
And here's Jim Rogers talking about the market and learning economic lessons from the past, and teaching the CNBC anchors some lessons along the way:
So.... let the market handle it, stop the bailouts, keep the government out of it, abolish the fed and its horrible system, go back to a gold standard? Sounds like some difficult and unpopular decisions for the long-term success of the country. We'll see if politicians start thinking further down the road and not just till the next election.
Scoreboard of Catan
Tuesday, December 09, 2008
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