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377 Comments
- govsucks, on 10/16/2008, -43/+211Guy is right on but this post is wasted here. This is digg. People here hate capitalism and blame it first and only play lip service to freedom but don't believe in freedom in any way. Many of the people on Digg are totalitarian know-it-alls who disguise themselves as peace lovers when all they want to do is use the force of government to make others live their lives in a way they agree with. Somehow they've gotten it into their feeble little minds that you find peace with other people by forcing them to participate in your idealism. These collectivists are no better and no less dangerous than religious zealots. This post as a result will never make the front page of digg so that they can retain their delusions of grandness and hyper intelligence.
In actuality they are simply dumb serfs being played by collectivists politicians. Lenin called them useful idiots and boy are they ever.
Freedom for humanity, Ron Paul for president. - wvaughan, on 10/16/2008, -11/+100We will not have real change in America until people learn to stop looking to the government as a way to solve problems.
- QuantumBios, on 10/16/2008, -8/+86Blame Alan Greenspan.
- Cadenzah, on 10/16/2008, -3/+58Intentionally causing a problem and then intervene to "solve" it is one of the oldest propaganda methods used by governments, it's a pity that some people still fall for it.
- Hetman, on 10/16/2008, -17/+70I agree. The Democrats are just lucky and opportunistic. They are just going to use the financial crisis to make a bigger more powerful government. And that is the last thing America needs.
- AbsurdParadox, on 10/16/2008, -15/+59Anti-capitalism is anti-freedom.
It blows my mind how people do not understand this simple fact. So many people are rights-violating authoritarians, and they don't even know it. - DiscoLando, on 10/16/2008, -6/+46Peter is one of the few sane and lucid economists left today. Everyone else seems to continue to champion an unnecessary and intervening Federal Reserve who continues to print mountains of money out of thin air, not to mention an ever growing and intervening Federal Government.
No bones about it, there will be severe consequences if all of this action continues unabated. Only a drastic reduction in the size of government and a return to sound fiscal policy will provide long-term stability. - wasaka, on 10/16/2008, -8/+45Am I the only one who didn't realize that Peter Schiff's father is Irwin Schiff who appeared in Freedom To Fascism??
- darkened, on 10/16/2008, -2/+33And as much as I'm a TRUE republican the same thing can be said about the liars that claim they are republicans in office right now.
- quomen, on 10/16/2008, -3/+33IM BLAMING HIM!!! NOW WHAT DO I DO??!
- mythicflux, on 10/16/2008, -3/+30You're obviously not blaming hard enough.
- mugicha, on 10/16/2008, -4/+31FTA:
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"And even today, as market forces deflate the credit bubble, the government is stepping in to re-inflate it. First came the Treasury's $700 billion plan to purchase mortgage assets that no one in the private sector would buy. Now it has recapitalized banks to the tune of $250 billion, guaranteeing loans between banks and fully insuring non-interest-bearing accounts. Policymakers say that absent these steps, banks would not be able to extend loans. But given our already staggering debt burden, perhaps more loans are not the answer. That's what the free market is telling us. But the government cannot abide solutions that ask for consumer sacrifice.
Real credit can be supplied only by savings, so artificial steps to stimulate lending will only produce inflation. By refusing to allow market forces to rein in excess spending, liquidate bad investments, replenish depleted savings, fund capital investment and help workers transition from the service sector to the manufacturing sector, government is resisting the cure while exacerbating the disease."
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....I'm not economist, but this seems so painfully obvious to me. If nothing else, what this crisis has made clear to me is how incompetent our government is. Everything else in the world moves in cycles, why do they resist and deny the existence of an economic downturn that naturally and inevitably follows several years of growth? The ***** obviously has to implode in order to become healthy again. As he says, the system is trying to do that and they're acting like people injecting a dying man with amphetamines and pretending he's going to get better. For Christ's sake have the ***** decency to just let him go peacefully. - leerayIG88, on 10/16/2008, -1/+26I blame video games and drugs.
- DiscoLando, on 10/16/2008, -4/+28How I wish you were wrong, but sadly you're not.
- stealthc, on 10/16/2008, -7/+31But what if they *are* idiots?
- hugolp, on 10/16/2008, -2/+24The problem is the Republicans would do the same. Either Democrats or today Repulicans want a bigger and more controlling goverment.
- chrissku, on 10/16/2008, -0/+21I remember hearing lots of talk over the last 10 years of "free money" in the lending industry.
erhh.......guess it wasn't so "free" after all huh guys? - Bagos1, on 10/16/2008, -2/+23Good place to start.
- AbsurdParadox, on 10/16/2008, -5/+25Capitalism is simply two people coming to an agreement. Interfering in such an agreement is a violation of those two peoples rights, and therefore anti-freedom.
- govsucks, on 10/16/2008, -8/+27Ya know, I'm getting really tired of being civil with people who attempt to force me into living a certain way. I'm ready to do more than call them idiots, I'm ready to find out the extent of the courage they have for their convictions.
Are they willing to kill so that they can force people into participation with the collective? Lets find out.
Like I said, these are people that think you find peace with others by forcing them to do things they don't want to do, reason doesn't apply to that type of person. - inactive, on 10/16/2008, -0/+18I like the thinking of someone who recognizes that there isn't JUST one individual or group to blame.
- Hetman, on 10/16/2008, -4/+22Or you could do what congress just did. Add 700 more cars to the pile-up and see what happens.
- longshotep, on 10/16/2008, -6/+24The difference is *you* don't mind... What "you don't mind" is the coercive redistribution of wealth under threat of force. That's not an interconnected world. That is pandering to wealth envy. That doesn't help "more people do well".
An interconnected world is one person helping another through mentoring, teaching, creating businesses and through that jobs. Then that person helps another, so on and so forth.
If you can't spare the time, donate to those programs that can. Taxes don't help people, taxes help the bureaucracy and that's what you're voting for. - bobjrn2, on 10/16/2008, -6/+23I'd vote Peter Schiff for President in a heart beat. I wish the rest of America would wake up. This reminds me of the evolution debate. People are so brainwashed into thinking one idea, that it makes it nearly impossible for them to accept the idea that connects all the dots. He's a guy that clearly lays out the EXACT cause for the financial crisis, and no one will listen to him. ***** Paul Krugman, the Nobel Prize should of gone to Peter Schiff. There is now almost zero doubt in my mind that America will collapse, I was just hoping I wouldn't live long enough to see it.
- hugolp, on 10/16/2008, -15/+32"These collectivists are no better and no less dangerous than religious zealots. This post as a result will never make the front page of digg so that they can retain their delusions of grandness and hyper intelligence."
Seems you were wrong. Think again before talking about such a big group as Digg. Also, you get a lot more useful to the Ron Paul cause by teaching people about what they are being lied about, than telling them they are idiots. - inactive, on 10/16/2008, -5/+22I make a decision whether or not to bury purposeless comments. Decision made.
- sindex, on 10/16/2008, -0/+17To be fair, it's not the like neo-cons running the Republican Party are after anything different than their Democrat counterparts.
- PeppermintPig, on 10/16/2008, -6/+22Obama is dead wrong on the wealth redistribution issue with Joe the plumber. Taking more from employers means less is available for hiring new workers. The point is to get people off of welfare so they can be self-reliant. Promising freebies only leads to sloth, and a vicious cycle of it.
Big corporations lobby to get anti-competitive regulation passed so it's near impossible to start a competing business. Government cannot create wealth. Laws can only restrict liberty. The more power you give government, the more corrupted it will be because of the money. More and more money is routed through government, and it's not improving the situation. Theft and initiating violence on people has never been a solution.
Taxing to the hilt irreparably harms the people and prevents us from escaping the wealth redistribution society. If you let people make choices in the marketplace, things will improve because value follows value: This isn't a zero sum game: Wealth is not a limited commodity. - PeppermintPig, on 10/16/2008, -3/+18Equality of misery for all, except for the ones who get to decide.
hugolp, please don't take govsucks comment to represent his entire posting history. People in the liberty movement do try to explain economics and principled action very often on Digg. govsucks characterizations are accurate to me. Fluffy totalitarianism is an underrated threat to liberty.
If you have ideas or goals, you have a personal obligation to those things and shouldn't expect the world to fashion itself to an order simply because you think it's correct. This is a problem for people who do not act to promote their beliefs and cede authority to the state. It's also an inherent flaw in the democratic process, and leads to corruption and destruction.
As I typically say, 'vigilance towards liberty, in perpetuity'. One can recognize the state of the world and still want better things, so the question is how to achieve it in the most harmonious and moral way possible. For libertarians, that means rejecting the initiation of force and coercion as a means to solve problems. Just because things aren't perfect doesn't make libertarian ideology unworthy of pursuit. The ideals of liberty are a compass.
I see no reason why you should have to prove yourself to someone who would advocate theft of your property or advocate for your enslavement. At some point you must see it as an exercise in futility. The art of persuasion is a hot topic in pro-liberty circles. - AbsurdParadox, on 10/16/2008, -8/+22Analogy fail.
- pathouston22, on 10/16/2008, -29/+43There are 2 type of people in a captialism society:
1. Those that succeed
2. Those that don't succeed.
#2s are those that blame the govt, blame big corporations, or blame the rich people. They live off mom and dad, or off welfare. They want the govt to rescue them and will vote for socialist ideas, ie Obama. #2s are most Diggers. - ScottMitchell, on 10/16/2008, -1/+15And anyone who says Republicans are pro-capitalism or John McCain is pro-capitalism clearly have a warped view of capitalism.
Last night in the debates John McCain kept pointing out how Obama will "spread around the wealth," (which he will) but could someone please tell me how McCain's plan for taking tax payer money (i.e., my money) and using it to buy overvalued homes from banks so that the gov't can give more favorable mortgage terms to distressed home owners (not me) is not "spreading around the wealth?" - Charlotte_Web, on 10/16/2008, -9/+23Blame Clinton for creating the sub-prime market:
http://news.yahoo.com/s/ibd/20080924/bs_ibd_ibd/20 ...
Blame Fannie Mae and Freddie Mac for financial mismanagement:
http://www.youtube.com/watch?v=RYz1rbB5V1s&NR=1
Blame Congressional Democrats for blocking investigation of Fannie & Freddie:
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Look, even Bill Clinton admits that Democrats in Congress should have listened to the Republicans!
http://www.youtube.com/watch?v=8O6iEoGgQFc - dreicher, on 10/16/2008, -5/+19No. Obviously, we should buy everyone involved new cars (whether insured or not) and make it illegal for more than 50 cars to be on any stretch of road at any one time. We should obviously lower the speed limit to 25 MPH, make it unlawful to drive in the rain or fog, require all vehicles have a spotter in the passenger seat who will be held criminally responsible if their driver gets into an accident and implement a system where if there is an accident within 500 ft of your car it just stalls until the authorities have deemed the roads safe for transport.
- dimebonics, on 10/16/2008, -0/+13No, I was wondering the same... I managed to find Irwin Schiff's book "The Federal Mafia" used on Amazon. It was a little to coincidental these two shared the last names and both are engaged in our economic practices. As far as I'm concerned, these people are the true heroes of our nation.
- nomojunkscience, on 10/16/2008, -2/+15I'm ready to fight for freedom
- stealthc, on 10/16/2008, -2/+14FINALLY.
- dgrgich, on 10/16/2008, -2/+14Too simplistic - - there are just as many Democrats culpable in this mess. Let's be fair here.
- plummerbob, on 10/16/2008, -2/+14It's amazing to me that most of my friends agree that the government screws up and does a fairly poor job at most things that it does. Then with their next breath they say that the government is the solution to all of the worlds problems.
- Hetman, on 10/16/2008, -0/+11I blame rock n roll music. Kids these days u cannot trust em.
- mvader, on 10/16/2008, -1/+12And the people doing the overseeing and creating the regulations?
How do we know they are not corrupt?
I'd rather have market forces determine winners and failures than some government entity. - hugolp, on 10/16/2008, -3/+14The problem is Republicans would do the same. Democrats and today Republicans want bigger goverment.
- NonLeftistDiggr, on 10/16/2008, -2/+13At least digg is consistent, ignore all the facts that have come out about the government pushing debt, mortgages, and other spending on to people who shouldn't have taken debt on; and concentrate on the wall street bankers because they are rich and rich people deserve hate because they are rich.
Both are at fault. Stop pretending the government going back more than 15 years didn't have a massive role in this crisis. I'm looking forward to looking at digg in 2 years after all the well paid tech portion of digg gets raped by the government, because 50% as is apparently isn't enough. - fredcamino, on 10/16/2008, -9/+19socialism somehow prevents people from lying, cheating, and stealing? isn't taxation the very definition of stealing? isn't regulation stealing freedom?
- Hetman, on 10/16/2008, -6/+16Socialism allows people to do what they will always do: be lazy, worthless and be taken care of by someone else.
That is why we need capitalism. - diggdatt, on 10/16/2008, -3/+13Captialism is not democracy. Capitalism is a monetary system, democracy is a governing system. Don't get the two confused. Captialism is not 100% perfect and is flawed in many ways. That's why we have a mixed system in America.
- mvader, on 10/16/2008, -6/+16Free market != chaos
Free market = ability for anyone to get ahead if they have a good idea and put effort behind it. - wiggles, on 10/16/2008, -6/+15Perhaps, but he's also right.
- kemp34, on 10/16/2008, -2/+11Get rid of the Fed!
- jeffiek, on 10/16/2008, -1/+10@sodade
"the real problem is that our government is no longer ours."
You got that part right. How did it get that way? It didn't happen overnight. It' the misinterpretation of "the role of government" as implied by your previous post. Government is force, pure and simple. Its role (if any) is to protect its citizens against violence. It is NOT to redistribute wealth, play doctor, play teacher, and a host of other current roles. It is not good at any of those, it has neither the skills nor the motivation to accomplish them efficiently. It is good at forcing people to bend to the governments will.
"this is supposed to be a government of, by and for the people,"
NO. Those are Lincoln's words. Spoken well after the purpose of the government was defined. Spoken by the President that FAILED to find a peaceful solution to the country's problems (yes, plural. Slavery wasn't the only problem, there was economics too ). The President that presided over ~600,000 American deaths. As I said, government is good at using force. -
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