Ron Paul on the Economy

[Kruzen]

This is the precise reason I hate people like gore/moore and others in politics who use their tactics. I also hate the media for the most part (outside of comedy central's "news") because it's so doom and gloom the entire time like Chicken Little was an anchor. Hence me getting angry at this youtube video as well as loose change. (Media is a lot different in the UK, less biased and more about celebs)

You can like him for his ideas, and I'll hate him for his bullshit.

Fiat money and flexibility can be stable and help the economy through conservative reactions to the market. Gold is not without issues (Wizard of Oz, etc.)

And as far as the Euro... it's in its early years still, and with more countries added, and the possibility of asymmetric shocks, it may not always be so loved by all.

http://century.guardian.co.uk/1990-1999/Story/0,,112649,00.html

We have issues, as Bernanke will admit, but all is not going down and we can deal with it. The only reason we have been popular to deal with is our good returns and productivity. We need to save more and invest more of our own money, but it's not like our country is owned by foreigners, just a portion of our debt. But as Ben will say, we earn more on foreign assets than foreigners earn on ours... but the slipping dollar won't help that. (Although it does help our trade imbalance).

Read this article if you skipped it, it sums up shit pretty well and should hopefully give people confidence in the Fed:
http://www.federalreserve.gov/newsev...e20070911a.htm

I'll check it out :) I'm glad we at least have some middle ground we agree on. Nothing personal :)

[1991 318is]

We go back to the gold standard and I discover gold on my property. It costs me fifty dollars an ounce to dig it up, purify, and shape it into a marketable form. Gold is selling for $800 an ounce. I dig up a ton of the stuff. Are we all richer because there's more gold and it is an absolute value? Are we all poorer because gold only represents wealth or value and there's now more of it representing the same wealth? If gold merely represents wealth or value then that choice is arbitrary and it makes no difference what we use to represent value. We could just as easily use wampum, conch shells, or dead presidents.
Paul is old Texas Libertarian. He ran as a Libertarian for years and now has moved to the far right of the Republican Party. Libertarians are great at describing how everything is all screwed up, whose fault it is, and the solution. The big bad government is the cause and less of it is the solution. The constitution is revered as being almost sacred - even though it was written by the government. It's a view of the world that appeals to people that like simple solutions.

[Skafrog]

Actually, in this case, its about deferring rights to the states.

[CorvallisBMW]

Libertarians are great at describing how everything is all screwed up, whose fault it is, and the solution. The big bad government is the cause and less of it is the solution. The constitution is revered as being almost sacred - even though it was written by the government. It's a view of the world that appeals to people that like simple solutions.

That's the best description of libertarians I've heard yet!

[rwh11385]

[TwoJ's]

chris, try to speak to them on their level. ill give you an example....

30 years ago an ounce of weed was 40 dollars
today an ounce of hydro can go 300-500. do you think if ron paul was elected he could get that weed back down to the 40 dollar range?

I am a math/physics nerd, so I won't claim I know much about econ. But Steve, you put things in perspective for me. I now understand what everyone is talking about.

But I have to ask, where on earth is anyone paying that much for bud? Maybe it's just because I'm on the West Coast, but you can get an oz. of good ganga for $260-$280 if you know what's going on. $240 if you want the standard BC brick shit (but who wants that?).

Anyways, back on topic.

[kansas-ix]

preach on dr. paul!!