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Important Economic and Political Transitions During 2009

Politics / US Politics Dec 30, 2008 - 10:49 AM GMT

By: Dr_Ron_Paul

Politics Best Financial Markets Analysis ArticleAs another year draws to a close, there are some important transitions ahead of us. Not just transitions to a new administration, but also economically, politically and culturally.


Many hoped that the changes would signify overwhelming positive steps for our country, and that we would enter a new era, as promised during the campaign. I would like for this to be true, but based on the continuity so far, I would not be surprised to see America stay on the same course of failed monetary and economic policies. The course has been set for several decades, and in reality there is little the new administration could do to fix things without actually making them worse. But I expect them to try. The only real solutions involve allowing the market to liquidate the debt and malinvestment. The political reality is that this is not going to happen.

Through the coming months and years, our nation will find itself at many crossroads, as all manner of socialist, corporatist, protectionist and nationalist initiatives will be thrown at the economy to see if anything will reflate it. Some of these so-called fixes will be enacted amidst much outcry, as with the $700 billion TARP bailout, which the public was right to oppose. About half of that money is gone without a trace, with no accountability, and the economy is no better off for it.

Others, such as the proposed new $800 billion plus economic stimulus the new administration is already clamoring for, might have limited public support, as many will find the prospect of receiving a government check a little too tempting to object to. After all, Wall Street got a bailout. What about the little guy? Everything will be attempted by government in the short run to remedy the worsening situation - everything, that is, but freedom. Therefore everything attempted will fail. Unfortunately, government will continue to consolidate and abuse power at an accelerated pace. Government will get bigger, in the short term, and as monetary policy goes from irresponsible to absurd, I have every expectation that we will soon shift from some prices falling to an inflationary nightmare.

But there is hope. As all these attempts fail, more people will demand freedom, and see that it is the only way. Government can only get so big before the country goes broke.

It is regrettable that we keep forgetting what history has shown over and over to be true, because truly, it is a hard and destructive lesson to keep learning. Perhaps it is just something that every generation has to learn for itself. The political and cultural changes that come from these economic transitions will be key to the direction and quality of life for future generations. But I am hopeful because of the strength of the American people and the increased number of voices recognizing that liberty really is the only way to peace and prosperity.

Dr. Ron Paul
Project Freedom

Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

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Comments

Descendant of 1776
31 Dec 08, 00:10
The fate of America...

Democracy & the Fall of the Athenian Republic

Alexander Tyler's predictions applicable to America

[COMMENT: Rome was a republic, but not Athens, which was trying to be a democracy. But, like Rome, they could not get out of the mutual violence and civil war syndrome, and ultimately collapsed. See also story of Davy Crockett.

This reminds me of the saying: "Spiritual renewal brought forth Prosperity, and the daughter killed the mother...."

Subject: Alexander Tyler, about the fall of the Athenian Republic --

About the time our original 13 states adopted their new constitution, in

1787, Alexander Tyler, a Scottish history professor at the University of

Edinburgh, had this to say about the fall of the Athenian Republic some

2000 years prior:

"A democracy is always temporary in nature; it simply cannot exist as a

permanent form of government. A democracy will continue to exist up until

the time that voters discover they can vote themselves generous gifts from

the public treasury. From that moment on, the majority always votes for

the candidates who promise the most benefits from the public treasury,

with the result that every democracy will finally collapse due to loose

fiscal policy, which is always followed by a dictatorship."

"The average age of the worlds greatest civilizations from the beginning

of history, has been about 200 years. During those 200 years, these

nations always progressed through the following sequence:

1. From bondage to spiritual faith;

2. From spiritual faith to great courage;

3. From courage to liberty;

4. From liberty to abundance;

5. From abundance to complacency;

6. From complacency to apathy;

7. From apathy to dependence;

8. From dependence back into bondage "

(This seems to be our history, unless some miracle prevails to awaken our populace, who are more interested in the sports scores, and building new stadiums, ala the times of the Gladiators and the fall of Rome, etc.. Our major media have done their duty to avoid discussion of the REAL NEWS; they have to be paid to give us the drivel we get to fill the minds of our Americans of today. )


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