Liberty Maven

Alan Greenspan has been dubbed “The Maestro”, but of what? He became what he once despised. He “sold out”. He’s the geeky kid who just wanted to have all the cool kids like him. So he did what they wanted rather than what was morally responsible.

It turns out he was not much more than the architect of the housing bubble which contributed greatly to the economic mess we are suffering through right now. He was the maestro of moral hazard.

Greenspan’s successor, along with his partner in the Treasury are traipsing down the same path. Bernanke and Geithner are the Dukes of Moral Hazard. Bernanke is Luke and Geithner is Bo.

While they tinker with the economy (General Lee) they are making life hell for the rest of us. We are a bunch of Rosco P. Coltranes to them.

What is this moral hazard that I speak of?

Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk.

So the Dukes continue their bailouts, money printing, and money laundering just to keep the moral hazard government-sponsored Ponzi scheme afloat.

Meanwhile the dollars we are left with purchase less with every passing day. This is how our dearly beloved government can utilize the hidden tax of inflation to raise taxes. And they can do it without major public scorn since most do not understand that inflation is as evil a tax as the income tax.

There are a few things we can do to help people understand. First, make sure you contact your representative and request they cosponsor HR1207 or S604 to audit the Fed. Next, read Ron Paul’s newly released book, “End the Fed“. It will give you a deeper understanding of The Federal Reserve and arm you with persuasive arguments for abolishing it. Paul effectively ties the Fed to the general persistent growth of government and its intrusion in our lives.

With the Fed around there is no such thing as “limited” government. Government is a perpetual growth industry.

Aren’t we tired of this constant heavy hand regulating us into oblivion? It is high time for the people to stand up and regulate the government.

That would be change I could believe in.