Posted on 05/05/2009 6:14:34 AM PDT by AmericanHunter
$42 2/9 an ounce.
Capitalism is most certainly not state supported monopolies, price and wage controls, centrally managed money and credit, protective tariffs, heavy regulation and taxation, redistribution based on egalitarianism, etc.
Well said. The system is so warped now that we have over regulation of the financial markets to protect from the excessive risk taking made sensible by the moral hazards created by explicit (as well as implicit) government backed insurance against failure. Now we've added another moral hazard - too big to fail - which will in turn require additional regulation, and so on...
And each step of the way, each additional handcuff on the market here, opens the door for any competitors moving TOWARDS more market oriented economies to kick our rears in the global marketplace.
But we are supposed to accept that "Toddster" knows best -- and that's your argument?
Stupid politicians pandering to stupid voters. Yup. Stupid.
in short, the very people with whom that audit is to be shared who believe that they don't know enough of the Fed's operations, and are demanding to know more.
In questioning today, Ben told Ron he'd be happy to give Congress more info on their balance sheet, loans, etc. But the Fed's independence to perform monetary policy shouldn't be changed. Then Ron said, the policy was the only important thing.
So much for the audit uncovering anything important. Even Ron knows it won't, wouldn't, can't.....
So did RP and the other 11 sponsors withdraw the Audit the Fed bill? No? Then what a crock!
111, not 11
Why would they? It makes people think they're doing something!
We're going to find out the bad things the sneaky Fed is doing to ruin the country (Shhhh, don't look at what Congress did to ruin the country).
OK, I might have to adjust my opinion of Ron Paul. I’ll pay more attention to him in future.
Regularly isn't the question. Honestly is the question. And after all the shenanigans about cooking the books to boost the bonuses, I find it hard to think that the audits were honest.
Congress might have set it up to be independent, but that doesn't make it constitutional, which is where most Ron Paul positions come from.
The Federal Reserve is cooking their books to boost bonuses?
Congress might have set it up to be independent, but that doesn't make it constitutional
What's unconstitutional, the Fed or its independence?
which is where most Ron Paul positions come from.
Grandstanding is where most of his positions come from.
Ron Paul has previously sponsored bills to end the Federal Reserve, so the idea that he's doing a wink, wink with Bernanke is ridiculous. I saw the same discussion you did. It's here.. "Policy is the only important thing" was the last thing RP said and it sounded a lot more tongue-in-cheek to me than a real agreement.
Who thought he was doing a wink wink? He says he wants an audit. An audit looks at numbers. He doesn't want to see numbers. He wants to end the Fed.
His idea for an audit is a joke and a lie.
"Policy is the only important thing" was the last thing RP said and it sounded a lot more tongue-in-cheek to me than a real agreement.
Who thought there was real agreement? He wants input into monetary policy decisions. He's not going to get that.
He surely deserves another look see. I will be watching this very carefully in the future.
If you can’t add to the conversation please just go away. You make me ill.
“Congress set up the Fed to be independent.”
I wasn’t aware that Congress had the power to delegate the authority to coin money and issue credit to anyone else, let alone a private central bank such as the Fed.
“Toddsterpatriot”
LOL!
***His idea for an audit is a joke and a lie.***
Wanting to end the fed and know its operations (the parts exempted from the current audits) are not 2 mutually exclusive things.
***He wants input into monetary policy decisions.***
He doesn’t want a monetary policy except that determined by the market.
***I wasn’t aware that Congress had the power to delegate the authority to coin money and issue credit to anyone else, let alone a private central bank such as the Fed.***
Haven’t you heard? Anything the Congress does is Constitutional because of the Supremacy Clause.
i lurnd al abowt it n skewl.
Pictures speak volumes. It is you who add nothing.
I noticed.
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