From "Ron Paul Told Us So"
US Foreign Policy and NATO's Involvement in Yugoslavia and Kosovo, Dr. Ron Paul, April 21 1999
"Unfortunately, our policies usually backfire and do more harm than good. When weaker nations are intimidated by more powerful ones, striking back very often can be done only through terrorism, a problem that will continue to threaten all Americans as our leaders incite those who oppose our aggressive stands throughout the world ...
... But when a foreign war comes to our shores in the form of terrorism, we can be sure that our government will explain the need for further sacrifice of personal liberties to win this war against terrorism as well. Extensive preparations are already being made to fight urban and domestic violence, not by an enhanced local police force, but by a national police force with military characteristics."
Fannie Mae and Freddie Mac Subsidies Distort the Housing Market, Dr. Ron Paul, September 10 2003
"Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investmentin housing.
Perhaps the Federal Reserve can stave off the day of reckoning by purchasing GSE debt and pumping liquidity into the housing market, but this cannot hold off the inevitable drop in the housing market forever. In fact, postponing the necessary, but painful market corrections will only deepen the inevitable fall. The more people invested in the market, the greater the effects across the economy when the bubble bursts."
More:
http://valuefreedom.blogspot.com/2008/05/ron-paul-told-us-so-economics.html?m=1
http://valuefreedom.blogspot.com/2007/07/ron-paul-told-us-so-prior-to-invasion.html?m=1
http://valuefreedom.blogspot.com/2007/06/ron-paul-on-foreign-policy-during.html?m=1
US Foreign Policy and NATO's Involvement in Yugoslavia and Kosovo, Dr. Ron Paul, April 21 1999
"Unfortunately, our policies usually backfire and do more harm than good. When weaker nations are intimidated by more powerful ones, striking back very often can be done only through terrorism, a problem that will continue to threaten all Americans as our leaders incite those who oppose our aggressive stands throughout the world ...
... But when a foreign war comes to our shores in the form of terrorism, we can be sure that our government will explain the need for further sacrifice of personal liberties to win this war against terrorism as well. Extensive preparations are already being made to fight urban and domestic violence, not by an enhanced local police force, but by a national police force with military characteristics."
Fannie Mae and Freddie Mac Subsidies Distort the Housing Market, Dr. Ron Paul, September 10 2003
"Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investmentin housing.
Perhaps the Federal Reserve can stave off the day of reckoning by purchasing GSE debt and pumping liquidity into the housing market, but this cannot hold off the inevitable drop in the housing market forever. In fact, postponing the necessary, but painful market corrections will only deepen the inevitable fall. The more people invested in the market, the greater the effects across the economy when the bubble bursts."
More:
http://valuefreedom.blogspot.com/2008/05/ron-paul-told-us-so-economics.html?m=1
http://valuefreedom.blogspot.com/2007/07/ron-paul-told-us-so-prior-to-invasion.html?m=1
http://valuefreedom.blogspot.com/2007/06/ron-paul-on-foreign-policy-during.html?m=1
