RonPaulReferendum.net

I have my home page set to Yahoo Finance because it is relevant to what I do as a commodities broker. I sometimes browse the various articles to see if there is anything of substance. I came across an article yesterday whose title caught my eye, “you get the government you deserve” by one Charles Wheelan PhD, author of a book “The Naked Economist”. You can read this article here:
You Get the Government You Deserve

And here is the comment I posted in response:

More important than the unfortunate souls being foreclosed on learning their lessons in responsible borrowing is what have the banks learned about responsible lending? I also see a big flaw in relating a financial crisis with a physical emergency. While I appreciate analogies, this article relies on it too much, and its got a limp…a big one. We do pay taxes to pay for firemen to come rescue our house if we are irresponsible with matches, but that doesn't mean that the government should regulate the size quantity and quality of our matches, and that is what you are talking about. What is at stake here is freedom. People make mistakes, it is a VALUEABLE part of being human. Companies make mistakes. The proper role of government is not to tell us what we can and cannot do, but to protect us from EACH OTHER, and from FOREIGN ENEMIES. Our fat gov. has already assumed too much responsibility in “protecting us from ourselves”. The more we as citizens(or should I use “subjects”) give them license to do so the less freedom we have. This is so because how do they know where the boundaries are? where will it end? we are asking then for a “brave new world” as huxley wrote about or a totalitarian system as orwell wrote of in “1984”. But we have in this country a set of rules when it comes to lawmaking and new regulations. It's called the Constitution and the Bill of Rights. Now the constitutionality of the regulations you are implying should be in place is seriously questionable. Unfortunately it is up to our congress-persons to decide that, but track records show that only Ron Paul and Dennis Kucinich actually care about the constitution which they have made an oath to uphold, so my confidence that the right thing will be done is near zero. Ron Paul has talked almost of nothing other than economics and monetary policy (and also foreign ploicy, but that's not the topic here), and has stated on numerous occasions how the federal government needs to butt out and let the market decide. Look at what is happening today…aside from gov intervention…the market is deciding that sub-prime mortgages are a bad thing. Bad for the lender, bad for the borrower. So the market can be trusted to make the right decision here, even if it takes a few years to play out. Lets not forget that the gov played a role in making the problem too with the FHA/HUD programs that in more cases than not put a “contract til death” in the hands of unqualified people. Yes it has helped a small percentage get a leg up…but at what cost? It is obviously being felt now, and I for one would rather that the gov would just mind their own job instead of digging their noses into every facet of american life. Small government not only will work, but is necessary to a free society. Ron Paul is right. The constitution is right. Our founding fathers were right. The market is right. And just because you have letters after your name doesn't mean that you are right. Long live the Republic!