Roberts describes himself as a "classical liberal" in terms of economic position. That is he believes in "limited government and personal responsibility." The whole theme of the interview is that government has caused this current financial crisis through its micromanagement of the housing market, and is further screwing it up through its taxpayer-financed "solutions."
Of particular note, when Steigerwald asks him who will end up having to pay for this, Roberts replies:
"Your children and mine. Not in the form of debt, which is the standard answer, although they'll pay for that too. But the real cost is, to me, that we will lose the goose that lays the golden eggs -- which is our unbelievably flexible and powerful financial system."How will it be lost? Through increased centralized control of the markets.
This reminds me of the comment of a young man that I heard on the radio the other day. He said "I'd like to see the government do more to stabilize the stock market."
Folks, when the government comes in and starts eliminating risk, your opportunity is also eliminated. Be very careful how much you look to government for long-term solutions to your acute financial problems.
Read on and learn...
http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_593861.html
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