From “Challenge to America: A Current Assessment of Our Republic” by Ron Paul:
Third Way compromise, or bipartisan cooperation, can never reconcile the differences between those who produce and those who live off others. It will only make it worse. Theft is theft, and forced redistribution of wealth is just that. The Third Way, though, can deceive and perpetuate an unworkable system when both major factions endorse the principle.
It’s important to understand how we got ourselves into this mess. The blind faith that wealth and capital can be created by the central bank’s creating money and credit out of thin air, using government debt as its collateral, along with fixing short-term interest rates, is a myth that must one day be dispelled. All the hopes of productivity increases in a dreamed-about new-era economy cannot repeal eternal economic laws.
I do recommend the article, particularly if you believe Gordon Brown can steer us through this downturn.
Tags: economics, Gordon Brown, Ideas, Liberty, Money, Ron Paul, Third Way