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Daily Bell: What's the worst problem America is suffering from?
Richard Maybury: I think ethics. Nearly the entire population has been raised in schools that are under the control of government agencies and they have been taught that the government doesn't need to obey ethical principals such as, "Thou shall not steal". So, this has become part of the American culture. I don't see any long-term solution for America or any of the rest of the world until they start accepting the fact that government has to be ethical, just like individuals.
No country is going to get out of a mess like this unless they abandon the idea that stealing is acceptable. It is not. Once again, it all comes down to ethics. People have been mislead and taught that stealing is OK. Simply put, as long as people are willing to accept the notion of legalized theft in the form of visible and hidden taxes, there can be no lasting solution to the mess we are in.Daily Bell: Is Ben Bernanke doing a good job? Will he be the LAST Fed chairman?
Richard Maybury: Well it would be great if he was the last Fed Chairman but I don't know if he will be or not. Is he doing a good job? I think that his job is to expand the money supply and to lie about it. So, according to that job description, he is doing rather well. But if you think his job description is to preserve the value of the currency and not to lie, then he's doing very badly.
I think Wikileaks is the beginning of what will turn out to be the biggest political development in a thousand years. Or say for the next thousand years. Pretty soon it will be impossible for governments to operate in secrecy and once everybody knows what every government is doing it's going to be a different world.
Friends-
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The PATRIOT Act makes a mockery of our civil liberties: It lets government officials spy on whomever they want, for any reason, without ever letting them know or giving them a chance to challenge the order in court.
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"Auto executives predicted that having to install seatbelts would bring the downfall of their industry. It didn’t happen. The President of the American Bar Association denounced child labor laws as “a communistic effort to nationalize children.” That’s a quote. None of these things came to pass."Apparently the moron failed to recall that General Motors filed for bankruptcy on June 1, 2009. Chrysler filed for bankruptcy on April 30, 2009. American birth rates are well below replacement rates when immigrant births aren't counted, and the federal government explicitly claims a right to children that supercedes the parental claim in many areas, including health and education. One can reasonably argue about whether or not these events can truly be said to have been caused by the specific government policy, but to base an argument on the events not having happened takes a special combination of ignorance and unfounded arrogance.
