Vice Chairman Of KY Libertarian Party Says Free Market Would Stop Economic Slowdown

The vice chairman of the Kentucky Libertarian Party says a return to a free market is the solution to the national economic slowdown.

Joshua Koch says a wobbling stock market, shaky mortgage regulators, increased mortgage foreclosure, and failing banks are signs of too much regulation.

Instead, Koch says, a "Survival of the government interference" policy would return economic stability.

He warns government bailouts would only make the problem worse for generations of American taxpayers.

Koch is most critical of the national and state republican parties saying they have strayed from their founding economic policies.

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  • by Bruce Location: Lexington KY on Jul 13, 2008 at 08:38 PM
    Josh is completely right! Our government can't provide free health care because the government doesn't create any wealth. Governments take wealth from citizens in many more ways than all the taxes we pay. Government has first use of the new money created out of thin air by The Fed, and they spend the new dollars that cause our savings to decrease in value. We're suffering from too much government, and now more government bailouts are proposed for the quasi-governmental private companies Freddie Mac and Fanny Mae, who together hold half of the mortgage debt in this country and are deemed "too big to fail", just as Bear Sterns was also too big to be allowed to fail. Creating more money out of thin air to prop up Freddie and Fanny will cause even more inflation, which will cause more people to default on mortgages they can no longer afford, which will cause even more bank failures. Indymac Bank in California had to close on Friday. We're seeing the start of the death spiral.


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