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NY Sun editorial: Ron Paul's Prescience
New York Sun ^
| November 12, 2007
| New York Sun
Posted on 11/12/2007 3:11:27 PM PST by republicpictures
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To: republicpictures
Inflation is dangerous. We had wild inflation in housing. Now we have wild inflation in energy. And there seems to me to be under-the-radar inflation in food prices. Ron Paul is wrong on some big things, but I don’t think his warning about the inflation of the currency is one of them.
To: republicpictures
Oh my, brace yourself with this posting. I can hear the junkyard dogs trotting this way to post anti-paul pictures and snappy one-liners galore! (grin).
3
posted on
11/12/2007 3:14:16 PM PST
by
buckleyfan
(WFB, save us!)
To: republicpictures
Return to the Gold Standard? Are you kidding? If you think inflation is bad now...imagine what it would be like if you earned $0.03/day as a professional.
Ye gods.
4
posted on
11/12/2007 3:14:22 PM PST
by
dyed_in_the_wool
("O you who believe! do not take the Jews and the Christians for friends" - Koran 5.51)
To: republicpictures
Ron Paul is wrong on some big things, but I dont think his warning about the inflation of the currency is one of them.
Inflation and currency devaluation are two different things. Our currency is losing ground to Europe not because of our inflation, but because of theirs. They're printing more money and it's worth less in real terms... their productivity is not increasing the way ours is.
Part of this is because of Arab investment...part because our currency is artificially high.
5
posted on
11/12/2007 3:17:15 PM PST
by
dyed_in_the_wool
("O you who believe! do not take the Jews and the Christians for friends" - Koran 5.51)
To: dyed_in_the_wool
Paul is talking about devaluation of the currency by the Fed, by, in essence, printing too many greenbacks. He’s not alone. The money supply, according to some analysts, has indeed been allowed to grow at an alarming rate.
To: buckleyfan
Nobody here posts anti pics of Ron Paul.
Whatcha talkn' bout Willard? :)
7
posted on
11/12/2007 3:24:08 PM PST
by
lormand
(Ron Paul - The Idiot's Idiot)
To: republicpictures
I don't think you understand. Inflation relates solely to the currency ("dollars" in the USA). Price levels in things such as housing or energy merely reflect the inflation of the "money" supply. The real cost of gasoline, at least, is arguably
lower than when I started driving (mid 60's). Then a gallon of gasoline was about 25 cents and the
New York Times weekday editions cost a nickel; so five copies of the
Times for one gallon of gas. Today the newsstand price of the
Times is $1.25 and a gallon of gas costs about three bucks. If you had a real "quarter" that I had to buy that gasoline with, it's now supposedly worth $3.75.
ML/NJ
8
posted on
11/12/2007 3:46:22 PM PST
by
ml/nj
To: dyed_in_the_wool
Return to the Gold Standard? Are you kidding? If you think inflation is bad now...imagine what it would be like if you earned $0.03/day as a professional. Ye gods. The Gold standard (gold backed currency) would remove the Gov't from being able to inflate the money supply.
What you would be able to actually purchase would increase.
So, the issue isn't the amount on your pay check, but what can it actually buy.
9
posted on
11/12/2007 3:47:28 PM PST
by
fortheDeclaration
(We must beat the Democrats or the country will be ruined! - Lincoln)
To: lormand
Why you neo-con, war-profiteerer you. Put ‘em up...put ‘em up. :-)
To: republicpictures
11
posted on
11/12/2007 3:59:17 PM PST
by
Turbopilot
(iumop ap!sdn w,I 'aw dlaH)
To: republicpictures
Inflation is the hidden tax that will destroy America quicker than ‘jihadists’. Invest in wheelbarrows.
12
posted on
11/12/2007 4:49:03 PM PST
by
ex-snook
("Above all things, truth beareth away the victory.")
To: republicpictures
This editorial is insane. I consider myself a Ron Paul guy, but the gold standard crap is something I have to overlook in order to support him.
To: Extremely Extreme Extremist
14
posted on
11/12/2007 4:59:16 PM PST
by
lormand
(Ron Paul - The Idiot's Idiot)
To: republicpictures
The rate of currency in Europe and elsewhere being pumped into those economies is higher than in the US though. That’s why I think the Euros sharp climb is more speculative than anything else.
15
posted on
11/12/2007 5:00:43 PM PST
by
rb22982
To: republicpictures
I want to be concerned about the obvious efforts to devalue the dollar, but I haven’t yet been convinced it’s a bad thing.
To: fortheDeclaration
“The Gold standard (gold backed currency) would remove the Gov’t from being able to inflate the money supply. What you would be able to actually purchase would increase.”
And how do you deal with a growing population? As the population grows with the money supply held constant, then the amount of money goes down on average. A ‘dollar’ might buy more but you’ll, on average, have fewer ‘dollars’.
17
posted on
11/12/2007 5:05:09 PM PST
by
DugwayDuke
(Ron Paul - building a bridge to the 19th century.)
To: republicpictures
The “weak dollar” is about the only thing which can save us at this point. Our strength is our EXPORTS, and those are kicking ass right now because of the low dollar.
To: live+let_live
. . . I havent yet been convinced its a bad thing. Drive to a gas pump near you.
19
posted on
11/12/2007 5:15:45 PM PST
by
Abcdefg
To: Abcdefg
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