IrishCanadian25
Going on 10 years with WrestleZone
So in this thread, I welcome questions, challenges, etc pertaining to my Libertarian views.
The Libertarian Mantra
"Libertarians believe the answer to America's political problems is the same commitment to freedom that earned America its greatness: a free-market economy and the abundance and prosperity it brings; a dedication to civil liberties and personal freedom that marks this country above all others; and a foreign policy of non-intervention, peace, and free trade as prescribed by America's founders."
My view on the economy is simple, and it oft falls CLOSE to the republican view point. Business, not government, should run the economy. That's why it's called a free market system. A dollar is a vote, and you use those votes to decide which products, services, and businesses are successful.
I am against politicians throwing around billions of dollars like candy under the guise of "bail out money," because bailouts are simply a popularity ploy designed to delay the inevitable - unless businesses are structured and managed properly, they are destined to fail. General Motors didn't need bailout money - they needed competent management. GM was rewarded for mismanagement. Imagine a baseball player being given a $12 million bonus for batting .150 for an entire year with 1 HR and 17 RBI's in 161 games.
Daniel Mitchell astutely compared billions in auto bailouts to giving an alcoholic the key to the liquor cabinet.
Let these mismanaged companies declare Chapter 11 bankruptcy. If there is a need for their industry in the free market economy, then one of two things will happen - 1) they will reorganize and liquidate, and come back into the market, or 2) they will cease to exist, and a new business with match the need, hopefully with a vastly more intelligent management structure.
The Libertarian Mantra
"Libertarians believe the answer to America's political problems is the same commitment to freedom that earned America its greatness: a free-market economy and the abundance and prosperity it brings; a dedication to civil liberties and personal freedom that marks this country above all others; and a foreign policy of non-intervention, peace, and free trade as prescribed by America's founders."
My view on the economy is simple, and it oft falls CLOSE to the republican view point. Business, not government, should run the economy. That's why it's called a free market system. A dollar is a vote, and you use those votes to decide which products, services, and businesses are successful.
I am against politicians throwing around billions of dollars like candy under the guise of "bail out money," because bailouts are simply a popularity ploy designed to delay the inevitable - unless businesses are structured and managed properly, they are destined to fail. General Motors didn't need bailout money - they needed competent management. GM was rewarded for mismanagement. Imagine a baseball player being given a $12 million bonus for batting .150 for an entire year with 1 HR and 17 RBI's in 161 games.
Daniel Mitchell astutely compared billions in auto bailouts to giving an alcoholic the key to the liquor cabinet.
Daniel Mitchell said:A bailout will hurt the overall economy by misallocating resources. When politicians grant special favors to a certain industry or a particular union, such decisions necessarily mean that market forces are being replaced by special-interest deal-making. A bailout will encourage other industries to seek taxpayer handouts. The Wall Street bailout was a disaster in many ways, most notably as measured by the weak stock market and economic volatility. First Wall Street's high fliers get a bailout. Now the inefficient management and union at the Big Three want a handout. Who will be next in line to pillage taxpayers? Giving handouts in exchange for political support is akin to getting high. Once politicians decide they like the buzz of campaign contributions, they'll turn into junkies with ordinary Americans footing the bill. A bailout is a perverse transfer from poor taxpayers to rich taxpayers. America's Founding Fathers surely never envisaged that the federal government would take money from one group of Americans and give it to another group. Yet much of the federal budget is devoted to redistribution programs.
Let these mismanaged companies declare Chapter 11 bankruptcy. If there is a need for their industry in the free market economy, then one of two things will happen - 1) they will reorganize and liquidate, and come back into the market, or 2) they will cease to exist, and a new business with match the need, hopefully with a vastly more intelligent management structure.