Ron Paul, who at one point was running for the Presidency, has a long history of speaking out on negative government policy before the impact of the policy is felt. Today, he has a commentary on CNN regarding the current financial bail-out:

The solution to the problem is to end government meddling in the market. Government intervention leads to distortions in the market, and government reacts to each distortion by enacting new laws and regulations, which create their own distortions, and so on ad infinitum.
It is time this process is put to an end. But the government cannot just sit back idly and let the bust occur. It must actively roll back stifling laws and regulations that allowed the boom to form in the first place.

So, what Paul is saying is do not bail-out the companies, rather put an end to the policies that have created an environment that lead to economic turmoil.

In general, I do not agree with everything Paul says.  He has been spot on with past some predictions, but he also has some questionable individuals tied to him which make me – and the general public – less likely to listen to him.

What about this time? Should we be taking his warning?

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4. An alternative take on the Bailout: Bankruptcy, not bailout, is the right answer
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