On the Show: Craig Smith Speaks His Mind

Craig Smith of Swiss America is a well known financial advisor that is a frequent guest on MSNBC, Fox Business, and CNBC. He is one of the leading advocates for investing in gold and a strong proponent of a free market economy.

On a recent Houston Business Show, Smith took the government to task over its recent actions to bail out financial institutions and its plans for seriously revamping the regulation of such firms. In typical government fashion, Smith warns, the "cure" is going to likely be worse than the illness.

My view is that the government should do little or nothing at this time, mainly because we are not even sure how bad the damage will be. Wouldn't it make sense to "fix" our problems once we understand what those problems are? Especially since it is an election year and decision making is often driven by polls rather than common sense. I'm glad, however, that there are some with a more reasoned approach to such problems. Check out my interview with Craig Smith here and here.

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Kevin Price is Host of the Houston Business Show (M-F at 11 AM on CNN 650) and Publisher of the Houston Business Review. Hear the show live and online at HoustonBusinessShow.com. Visit the archive of past shows here.