What If We Could Turn Back the Hands of Time and Make One Simple Change?
“What if we could turn back the clock to the year 2000 and elect a different president for 8 years? What if we elected Ron Paul?
1. There would be no Fed and we would have sound money.
2. Fannie Mae and Freddie Mac would have been dismantled.
3. The big three rating agencies (Moody’s, Fitch, and S&P) would not be officially government recognized and rating agencies in general would have been paid on the basis of how well they do their job, not on volume generated by being “officially recognized”.
4. There would have been no housing bubble (or one much smaller)”