Ron Paul on the Economy

[Ral]

got those from my uncle, a former MBA professor. Thought it was relevant.

[DarkWing6]

write about him all you want, the man doesn't have a chance

I'm for Ron Paul and I would agree with you. Chances are he wont get voted it. What he is doing is actually getting some good ideas out there so people begin to think about things instead of voting for the best of 2 bads like we have been doing. Get out of this back and forth pendulum that swings back and forth on the same ideas.

Imagine that! If things go poorly for both sides, maybe we should actually try thinking outside of the box.

[Kruzen]

Aren't you in IT? How many econ courses have you had? Have you studied international monetary issues and trade? Or are you just an intro to econ guy from Gig Harbor trying to support a candidate who knows little about economics as you?

I've read 10 or so books by ludwig von mises and studied alot of rothbards material. I've taken three courses specifically on keynesian economics and have had two econ classes outside the range of keynesian economics. Economics is a hobby of mine and if I continued my education it would probably be econ/history dual major.

I am in IT, what does that have to do with anything other then show my capacity to learn shit that no one else cares about?

[WillisE30]

Being an econ major in college I laugh at the suggestion of a return to the gold standard. That alone makes RP a joke for me. He's got a few cool ideas but he's merely internet hyperbole.
The reasons nando already posted are pretty concrete and solid. Not much more to say. Although I am glad to see so many red supporters!

[Turf1600]

Ibtl

[RobertK]

I've read many finance books by sucessful investors and remember many of them mentioning that the biggest mistake the US made was taking the US dollar off the gold standard.

If you keep up with politics then you already know that government spending is out of control? Why? Because many politicians are trained to be politicians and do not know that much more about finance then your average middle class family.

I've also heard a few people mention that this is brought about by widespread personal debt. Credit card companies posting all time highs for late payments, foreclosures, etc.

America's financial problems are also reflected in their waistlines. American's over eat and overspend like there's no tomorrow and now it's going to kick us in the ass.

I recently spoke to an experienced investor that I work with that runs at the commodity trading desk of a Fortune 500 company.

When I asked him about the dollar he replied that said he did not see it rebounding anytime soon.

When asked about the economy he replied that every generation of people goes through 2 recessions (pointing out that 2001 was not a real recession) and 1 depression. He said that Baby Boomers have lived through 2 recessions and have yet to see their depression. He did not speculate that one was coming tomorrow but for those who are retiring on pensions and investments a crash would devistate the retirement of an entire generation.

[Kruzen]

I'm for Ron Paul and I would agree with you. Chances are he wont get voted it. What he is doing is actually getting some good ideas out there so people begin to think about things instead of voting for the best of 2 bads like we have been doing. Get out of this back and forth pendulum that swings back and forth on the same ideas.

Imagine that! If things go poorly for both sides, maybe we should actually try thinking outside of the box.

Pretty much this. There's no reason to not talk about or support a candidate if he's the best choice, even if mass media prevents him from getting coverage he deserves or support from people.

More people would vote for Ron Paul if he got his name out there earlier. We're talking about the man that raised the most money EVER raised in a single day for a presidential campaign, on TWO seperate occasions. He's obviously doing something right, especially to have forbes and greenspan behind his financial approaches.

[rwh11385]

The federal reserve has lost 96% of the dollars value since they got a hold of it. What would you propose?

Accept a 3.4% inflation rate is pretty damn acceptable??

Don't believe political people who give numbers but no frame of reference. Like the quote from Paul talking about the current account deficit, but what % of the GDP is that?

[Turf1600]

Accept a 3.4% inflation rate is pretty damn acceptable??

Don't believe political people who give numbers but no frame of reference. Like the quote from Paul talking about the current account deficit, but what % of the GDP is that?

Can't spell except?

[h0lmes]

Accept a 3.4% inflation rate is pretty damn acceptable??

Don't believe political people who give numbers but no frame of reference. Like the quote from Paul talking about the current account deficit, but what % of the GDP is that?

Did you skip out on english class to study economics in the library?

Its EXCEPT dummy.

[rwh11385]

I've read 10 or so books by ludwig von mises and studied alot of rothbards material. I've taken three courses specifically on keynesian economics and have had two econ classes outside the range of keynesian economics. Economics is a hobby of mine and if I continued my education it would probably be econ/history dual major.

I am in IT, what does that have to do with anything other then show my capacity to learn shit that no one else cares about?

There's a difference in the course and depth you are going to see. You are IT... if we argue about operating systems you might win but you should leave economics to people who know something instead just "read something"

[s0urce]

Say what you guys will about Ron Paul, but this video is priceless:

http://www.youtube.com/watch?v=88REf0tjZHo

[rwh11385]

Can't spell except?

Nah, meant he should accept that a 3.4% inflation rate is pretty okay by me. Sounds redundant though to reuse acceptable. But was typing fast and didn't think of another word to say that he should STFU and think about what a 96% increase is over 95 years. The answer is not very significant.

If you put $1 in a bank at 4.5% interest and a today's dollar is worth only $.04 in 100 more years, you are still better off than today. IT people don't know finance...

[Kruzen]

There's a difference in the course and depth you are going to see. You are IT... if we argue about operating systems you might win but you should leave economics to people who know something instead just "read something"

I think you win the award for the most ignorant statement ever posted on these boards.

Are you claiming that if you don't do something as your job you are automatically UNEDUCATED and INABLE of offering relative commentary on a subject?

Mark Twain said it best, "I never let my schooling get in the way of my education."

I suggest you go back to hitting the books and learn to not make blanket statements about other people's capacity to understand and learn.

[Kruzen]

Nah, meant he should accept that a 3.4% inflation rate is pretty okay by me. Sounds redundant though to reuse acceptable. But was typing fast and didn't think of another word to say that he should STFU and think about what a 96% increase is over 95 years. The answer is not very significant.

If you put $1 in a bank at 4.5% interest and a today's dollar is worth only $.04 in 100 more years, you are still better off than today. IT people don't know finance...

You can have all the finance knowledge in the world, if you can't form a complete fucking sentence it's lost though. Would you like to properly punctuate that last sentence?