That Jon Stewart. He’s Good. Mar 10, 2009 | Humor, Political Blah-Blah | 9 comments The Daily Show With Jon StewartM – Th 11p / 10c CNBC Gives Financial Advice Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorEconomic Crisis Previous Post Next Post 9 Comments james on March 11, 2009 at 6:09 am Ron Paul supports “free market capitalism” with very little government regulation. He believes that reliance on government keeping an eye on things leads to a “moral hazard”. Instead, we should have no regulation. Complete trust in business leaders would autimatically lead to a new high morality amongst those leaders. That’s right, the reason the fox takes hens from the chicken coup is because we put a weak fence around it. That fence introduced a moral hazard by hurting the fox’s sense of self integrity by showing that we did not trust him. We should tear the fence down and let the fox know we believe in free markets with no regulation..that we trust him to do the right thing and stay in the forest where he belongs. Reply Tammy G. on March 11, 2009 at 2:28 pm Hi! I’m loving your blog and convinced that we must move to CR!!! I have a question that is off topic…My brother-in-law and his wife (a Tica) recently had a baby (Monday) and I was wondering what gift we could send that would be more in line with Costa Rican customs…she has been in the U.S. two yrs now and I think she is missing home VERY much…I would like to honor her heritage…any ideas or help is so very appreciated!!!! Thank you! Reply Tammy G. on March 11, 2009 at 3:36 pm One more thing…I was thinking of personalizing a blanket and wanted the CORRECT Costa Rican spanish translation for …was born March 9, 2009. He is beautiful and loved. I’ve typed this into many a translation sites and each time I get a different variation…is it incredibly rude of me to ask for EVEN more help from you??? If not, could you help translate??? Thank you sooo very much!!!!! Warm Regards, T Reply Saratica on March 11, 2009 at 7:03 pm To James: “Ron Paul supports ‘free market capitalism’ with very little government regulation.” *** As do I. He believes that reliance on government keeping an eye on things leads to a “moral hazard”. *** Not exactly. Moral hazard is created when one individual’s rights are taken away in favor of another individual’s rights. Like forcing prudent homeowners to pay the mortgages of foolish homeowners. That’s moral hazard. “Instead, we should have no regulation.” *** I agree 100%. Let the market speak. “Complete trust in business leaders would autimatically lead to a new high morality amongst those leaders.” *** I’d like to see where Ron Paul spoke those words! HA. Nobody believes that. In a free market, if you are truly free with no coercion by the government, you can do business with anyone. People will still get ripped off by some bad apples, ain’t nothing going to stop that. Those bad apples will still be subject to fraud laws and prosecution. But if you make a dumb mistake, I don’t have to pay for it. If I get ripped off by someone, you don’t have to pay for it. We will have to – gasp – live with the consequences of our actions and learn to trust our instincts, to educate ourselves before making a decision. For every law, for every regulation, for every license, there is a loophole, a way around, a black market. Regulations, laws and licensing all just make you think that business/person has passed some test and is Good And Fair. But we all know that’s not true. A license only gives the patina of legitimacy. I know plenty of crooked realtors who are licensed. Doctors who are dangerous. Drugs approved by the FDA that are completely dangerous and ineffective. Shall we discuss lawyers? Regulations and licensing just make corruption more expensive. That expense trickles down to you and me. There is no real protection. Caveat emptor. Reply Saratica on March 11, 2009 at 7:11 pm Hi Tammy, I’m not sure on either count. But I recommend you go here: http://groups.yahoo.com/group/CostaRicaLiving/ and join the group, ask the question. I know you will get good answers!!! I will look forward to seeing what is suggested. Thank you for reading – pura vida (that might be good to print on the blanket – the date and pura vida). Reply james on March 12, 2009 at 6:25 am Tammy; the translation: Nacido el 9 de Marzo El es bello y querido. Saratica, We just finished 28 years of a Reagan type free market with reduced regulation and look where it got us. I really cannot think of a better argument against Lazzaise Fair Free Market policies than simply serving up the present mess we are all in because of them. You now havce a taste of what happens when we put all our trust in corporations and governments which bend to the will of corporations in the name of letting the market control itself. The market inevitably DOES regulate and correct itself but only after a good deal of pain and dislocation of many people. Cycles of boom and bust are characteristic of capitalism. Most of the world has come to reject that way of life. There is still a sizeable portion of the population which likes the gamble and is willing to take risks. Many of them flock here as well as others who believe in the lie of the American Dream. Only a paltry few actually are able to achieve wealth. 95% of the US wealth lies in the hands of less than 2% of the population. It is a brutal system, the law of the jungle. It rapes the planet and devastates the lives of billions of people. Mercifully, it is only in one country and not everywhere. If it were universal, the chos would only be exceeded by the level of destruction of the environment. And mercifully, it is finally coming to an end. Reply laffingbear on March 12, 2009 at 3:12 pm Stewart’s commentary about Wall Street and CNBC is spot on. CNBC is full of greedy girly boys and drama queens. Must be a sign of the times. I respect Ron Paul and feel he is one of a few politicians that has taken the time to understand a lot of the underlying problems facing the world now. Reply laffingbear on March 12, 2009 at 3:18 pm I also agree with James. Unless we can create a system that is equitable to everyone instead of everyone out to get theirs first this free fall will not stop. Impossible dream. Probably. Reply Keith on March 22, 2009 at 8:38 pm Hilarious! So good I dropped it in my blog! Are you going to link me? lol! I’m really enjoying blogging! Reply Submit a Comment Cancel replyYour email address will not be published. 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