Posted on 01/23/2007 3:46:23 PM PST by Baser.Instincts
The cost of war is enormously detrimental; it significantly contributes to the economic instability of the nation by boosting spending, deficits, and inflation. ....snip...
Economic strength and military power contribute to the trust in a currency; in today’s world trust in the U.S. dollar is not earned and therefore fragile. ....snip...
False trust placed in the dollar once was helpful to us, but panic and rejection of the dollar will develop into a real financial crisis. ....snip....
(Excerpt) Read more at dailyreckoning.com.au ...
Joined today I see...
Did you mean to say "Welcome to FreeRepublic"?
Rep. Paul makes some important points. They include....snip....
Snip,snip,snip to you too.
Paul's losing it...
Hey! Stop it you....snip....
There isn't enough gold. There isn't enough anything to cover the paper money. It's a great campaign slogan, but those days are long gone.
Now, now... don't get snippy.
Runaway inflation inevitably leads to political chaos, something numerous countries have suffered throughout the 20th century.
If inflation goes wild, debtors (that would be most Americans) will benefit while creditors will lose out big.
Who are the creditors? The Chinese, the Arabs, etc. i.e. foreigners. They hold our debt (dollars). They will not benefit if the dollar crashes and inflation runs sky-high. Of course, this may explain why some are shifting paper money into tangible assets.
Correct me if I am wrong, since I have only taken basic econ.
Who?
too many snips--what's your point?
And what's the cost of doing nothing to fight these scumbags in Al Qaeda over there before they can get at us over here? We'll have no economy if we're enduring monthly attacks here on our soil because we were more concerned about lesser considerations. 9-11 proved we can't just bury our heads to foreign threats while reclining here in a materialistic stupor and pretend we'll be alright. You can only count your stock returns so long before reality intrudes, and that's precisely what happened on 9-11.
And why is he whining about inflation? Inflation has been quite tame even during this time of war.
Ron Paul is a kook and a looney tune. Anyone considering voting for this joke has got to be a bit mental themselves.
The Gold Standard? OMG. This guy has no clue what he's talking about.
Or you'll get what you deserve and deserve what you get.
Here's one for the kitties -snip-
Thank You!
My rule is that ANY article on economics that contains the word "fiat" can be safely ignored.
[snort]
U mean like Greenspan said??? http://www.321gold.com/fed/greenspan/1966.html
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