Friday, May 15, 2009
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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
13 comments:
I think the last half of the speech was really good, but I think he was stretching a great deal with the Soviet comparison. In the end, the Soviets didn't have much of anything and didnt have freedom. We have many thing and a lot of freedom, but no jobs. It is totally different.
Not totally, but some. Of course, noone is saying its exactly the same.
If it is not similar, then he should stop using it as a red herring.
But it is similar. So is Weimar. So is Zimbabwe. So is Argentina.
And so is Iceland. The US will suffer a similar fate if the dollar crashes.
I suppose it is similar in the sense that an economy crashing is a bad thing, yes, but Paul is using the Soviet example on many different levels, partially as red herring..
Partially because their currency was overly inflated, they spent too much money fighting wars, and the country broke into several pieces; which is not impossible in the US if they have a similar economic break down.
er, they weren't a capitalist economy, Josh. The comparison therefore does not work.
Apparently neither is the US.
No, the United States has all the key attributes of a capitalist economy. Capital, workers, profit, companies, etc...
The United States has all of the key attributes of a socialist economy: central planning, workers, a ruling class, over regulation
"The United States has all of the key attributes of a socialist economy: central planning, workers, a ruling class, over regulation"
Then all states that have hitherto existed have been socialist.
"Then all states that have hitherto existed have been socialist."
Well, they all have socialist characteristics.
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