Ron Paul says America is becoming a nation of crony capitalism: Bailouts, subsidies, protection from competition, and sweetheart deals for government cronies.
Ron Paul's Podcast Nation #7 – Crony Capitalism
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Dear Ron Paul,,
It is imperative that we discontinue all subsidies, all gifts for no services rendered, all tribute to over seas governments, all research luxuries (such as distant space research and studying harmless creatures), free treatment for diseases that have a known, preventable cause, and fraud in order to get rid of our dangerous national debt. This should go on until the debt is completely eliminated. Such a procedure should also eliminate the destruction of our monetary system via inflation. We could even arrange to have some mild deflation for awhile in order to make our pennies useful and prevent the necessity of increasing the minimum wage.. It would be very beneficial to foreigners also since they could safely continue to use our currency as the preferred medium of exchange. It would eventually lower our tax rate because we would not have to ante up money for interest payments. To make the above marvelous circumstances permanent this would have, we should create a constitutional amendment making deficit financing illegal.
Sincerely, Charles Weber, isoptera@att.net