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Ron Paul Liberty Report

“Government Efficiency” Is An Oxymoron — Trump & Musk Should Know That Going In

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 6 September 2024

⏱️ 23 minutes

🧾️ Download transcript

Summary

Former President Trump announced that he will create a government efficiency commission led by Elon Musk. Let’s not forget that “government efficiency” is an oxymoron. Government can't rationally economize, like the rest of us. Its decisions are made politically, and not by profits and losses. We don’t voluntarily give our money to the government. It takes our money by force. So while government can never be “efficient," it can be, and should be, a lot smaller and less of a burden on us.

Transcript

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0:00.0

Entirely satisfied with saying we could sit back and say oh good the answer is there

0:05.5

government will be efficient as soon as these two guys get together and that will

0:10.4

of course depend on Trump becoming president.

0:13.0

But at least the two are talking about a subject that's very important.

0:17.0

But before we get into that, I was of course looking at the gold prices early this morning and there was a report out that

0:28.7

hiring was way down and the numbers have been fudged and that was discovered a month ago and people are

0:34.8

getting to the point where they don't believe the numbers, part-time jobs and

0:39.2

and there was a question on the health of the economy.

0:44.7

And that was one of the reasons I suggested they're talking about lowering interest

0:48.0

rates, because certainly they usually deal interest rates only with a stock market. Well the stock market's booming.

0:54.7

So they have to be cautious. There might be a bubble, a bubble forming, which I happen to

1:00.0

believe is forming. So, but I think the response in the gold market to this

1:06.1

announcement of what happened sort of tells us a story about what the Fed has to put up with and what the politicians put up with

1:14.8

and what the investors are put up with and what the individual citizen has to put up with.

1:19.4

And that is gold when I first heard about the numbers coming out, gold shot up pretty pretty well you know it was up a significant amount but

1:29.1

it didn't take long a little bit later somebody says well maybe maybe the Fed can't do this or that and

1:36.0

they go sinks real fast and wait a little bit and it's back up again I think

1:42.4

that's so much reflects the

1:47.0

the fault the fallacy of the Federal Reserve. They can't know what to do on a fast movement and the people

1:55.0

I don't know exactly what to do. But in a free market interest rates would go up and

2:00.6

down but we wouldn't have to try to outguess the Fed. How can you outguess the Fed

2:06.8

when they don't even know what they're doing? You know, it's a pretty tough task. But anyway,

...

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