Tuesday, January 13, 2009

Through Free Market Eyes

All the world is abuzz with the looming financial crisis. Most people are so focused on what do do they aren't slowing down enough to see what is happening. Just over the past few days those of us with eyes to see the free market at work should be reassured in our beliefs. Hyundai is offering anyone who buys one of their cars the ability to return it in the next year if their income is lost. Payments disappear without damaging your credit. Colleges like the one in my home town are offering free classes to people who have recently lost their jobs. Verizon Wireless has packaged their services and dropped the price considerably. Businesses react to these market downturns and lower prices and offer safty to consumers. These are all things the government cannot do. I want the record to show that the market began correcting itself from all the damage the FED and the government have done by debasing the currency and falsly inflating the market for the sake of popularity and the illusion of control. While a sales promotion may not seem like as much 700 billion dollar TARP bill, they can be even more effective without driving our coffers even further in the negative and causeing more damage by inflation and perpetuating bad business practice.
Bravo Hyundai, bravo Verizon, bravo Pikeville college, and bravo free market.

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