Ron Paul’s Voice of Doom
- 4
- Add a Comment
I came across this piece this morning, and after reading it, I wondered how many would bother to slog through the read. The first problem is the fact that Dr. Paul frequently uses imprecise language in his examples, and frankly, some of the examples are unfinished – you keep waiting for the pay off line, but it doesn’t come.
Still, he is right about many of these various things he speaks of. The problem is that many will not understand his writing, and those who do will either choose to ignore, and hope for the best – not a good plan, or state flatly that he doesn’t know anything about what he speaks, with the reasoning being that if he truly knew what was going on, he would not be so marginalized by the press, and his own party – also wrong.
The points he makes about the ’status quo’ in this country are right on, and I think anyone who was alive and above the age of 4 knew that when Mr. Nixon decided that it was wise to take us off the gold standard in 1971, he might just be the worst person to ever occupy the Whitehouse. (Who knew a similar person would arrive in 2001?)
Still, Mr. Nixon was only the start of the problem, and I don’t believe that FDR was wrong with the New Deal, no matter what any counterfeit conservative might say (no reference to Ron Paul).
It is amazing to think however, that the problems that ‘W’ has gotten us into would not have been possible without that help from Tricky Dick.
[please try to get through the above hyperlinked article, you should at least have been presented these ideas once]
-
Technorati Tags: Ron Paul - thoughts of freedom - economic policy - Big Event - economic collapse - gold standard - fiat money
4 Comments
John Howard
July 3rd, 2008
at 1:58pm
Our author writes:
“…I don’t believe that FDR was wrong with the New Deal, no matter what any counterfeit conservative might say…”
Please read “America’s Great Depression” by Murray Rothbard before further supporting FDR’s ignorant socialism. Stealing and redistributing the loot do NOT improve economies. Both the recipients of the wealth and the producers of the wealth lose the motivation to produce. FDR prolonged the depression and, in desparation, provoked entry into the war.
the oracle
July 3rd, 2008
at 2:21pm
John, thanks for the comment. I do think that I’ve come to a point in my life where I believe little of what any economist, or economic theorist, has to say.
I’ll look for the book - but I see the world as being a too open system, with too many variables for any of the theories to work at any time, let alone be proven.
By your statement you acknowledge the commonly taught wisdom that ‘war is good for the economy’, but others refine it to a matter of ‘guns or butter’. The current predicament we are in now shows that neither of these ideas have any merit.
Clearly we are led by an idiot that somehow doesn’t believe that what works on the small scale must work on the larger one - by that I mean that if Mr Bush (and every other president) ran the nation as cash and carry, we would have fewer problems than we now have.
‘W’’s father pegged it correctly when running against Reagan, but was too easily moved to change his views when he was running for prez. You cannot lower taxes and spend more - lowered taxes means lowered revenue - it is a cycle that never quite comes back on itself. (Voodoo Economics)
..
Daga
July 3rd, 2008
at 3:44pm
War is “good for the economy” in that anybody with their eyes open can see where money is coming from — the government. You can cater to the war and not have to worry that the fad will die out in a year or two. That same war also produces stresses with other nations (devalued money supply? oil prices?). This can make the price of butter go up also — it isn’t just a choice between what gets produced.
the oracle
July 3rd, 2008
at 5:01pm
Daga, you see that, and I see that - but that is not what gets taught in school.
The reason things during a war are supposed to go up in price during a war is that usually the prez/congress are in agreement that it has to be paid for
W just powersized his Mastercard, and the nation will be paying for years, and years, and years…