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Came this close to get the manuscript to me. just before you win you give up. don t give up. that is the key that we all have to do. before washington crossed the delaware they were going to turn and run but thomaspape wrote these are the times that try men s souls. the country congress had already fled. they were ready to run and cave. and didn t. he crossed the delaware. he beat the haitians and the rest is america. back in a second. @@ ....
Difficult. if thar reason i predict we ll continue downhill, the deficit is going to be the burden we can t handle. we will have a currency reduction because we rely on the federal reserve. the federal reserve is a facilitator. they claim it s the congress and they spend too much money and forced to do these things but the fed couldn t create money out of thin air to buy treasury bills congress would be forced to do something. interest rates would rise and that would be harmful. so it would be on congress shoulders to do something. we keep spending and the federal reserve accommodates. we can t let interest rate goes up so they print like crazy. amazing that it works as well as it has for so long. it doesn t mean it will last forever. that s why people are upset because more and more people are starting to realize this is coming to an end. glenn: may i ask you one question i haven t been able to figure out. ....
Deregulate all of the citizenry. the exact opposite of what everybody in congress has been doing. and the president has been doing. would you agree with that? yeah. i would add one thing, though. to get to the point where you do the right thing, you have to get rid of the mistakes. getting rid of the malinvestment and debt. economy doesn t grow when it s overly burdenped by debt. mistakes made previously due to the business cycle. you have to liquidate that and then you go to having the sound money, limited taxes apt limited regulations. we can get back to growth again. but nobody wants to allow the correction to come. we are prolonging thing a any we are piling on the economy and that s why we re three or four years into it already and no sign of strong recovery. until we do that, you can expect the economy to get worse. glenn: do you see any tense in washington of people cutting the debt? i know jim demint has come ....
Came this close to get the manuscript to me. just before you win you give up. don t give up. that is the key that we all have to do. before washington crossed the delaware they were going to turn and run but thomaspape wrote these are the times that try men s souls. the country congress had already fled. they were ready to run and cave. and didn t. he crossed the delaware. he beat the haitians and the rest is america. back in a second. ....
Deregulate all of the citizenry. the exact opposite of what everybody in congress has been doing. and the president has been doing. would you agree with that? yeah. i would add one thing, though. to get to the point where you do the right thing, you have to get rid of the mistakes. getting rid of the malinvestment and debt. economy doesn t grow when it s overly burdenped by debt. mistakes made previously due to the business cycle. you have to liquidate that and then you go to having the sound money, limited taxes apt limited regulations. we can get back to growth again. but nobody wants to allow the correction to come. we are prolonging thing a any we are piling on the economy and that s why we re three or four years into it already and no sign of strong recovery. until we do that, you can expect the economy to get worse. glenn: do you see any tense in washington of people cutting the debt? i know jim demint has come ....