Rand Paul
๐ค SpeakerAppearances Over Time
Podcast Appearances
And there was some dishonesty, too, in the subprime market.
If interest rates had risen to 4% or 5%, home sales would have gone down and people would have lamented that, but you wouldn't have gotten such an enormous boom in the crash.
So the cycle of the economy going up and down is dictated by interest rates.
And you want interest rates.
You don't want high interest rates.
But if you don't allow them to move, that sends a signal back that we're buying too many houses and we're building too many houses and we'll slow down.
If you just send the signal to keep interest rates at two, you get the boom so high up here that the crash is devastating like it was in 2010.
So in a free market, in a free world where you can choose a hemp product, you also make contracts with who you sell to.
So for me to tell you, to me it's a freedom issue.
If I tell you you can't sell your house to Blackstone, that's me limiting your choices.
Maybe Blackstone is going to give you 5% more.
And it's not a given that it's going to be bad.
But I think if you look at this carefully, for example, what's one of the impediments or one of the costs of buying or selling a house is
So the realtor takes, you know, they used to take, what, like 6%.
But, you know, now sometimes you can get 3% and you go through a bigger company.