[mnehring]

I believe Phil Gramm put it best several years ago when asked about Paul's bills- they are so poorly written and lack any details of how to achieve the goals, most never make it out of committee. Or, as William F. Buckley put it (he paraphrased another quote by Ayn Rand), ..all theory, no teeth (substance)... Paul loves to say ‘get rid of the Fed’ as the solution to the problems, yet his solution is to go to an Austrian Economic theory system. He claims that this will end all these ups and downs, yet he is ignorant that the Mises-Hayek business cycle theory specifically states that not only will you have recessions and depressions, they are regularly required. The market would replace the fed. In theory, it would be better as the ultimate free market, but people, including Paul are deluding themselves into thinking it will eliminate these ‘problems’ we are having now; it would only shift the responsibility. Mises himself even said this principle would only work in a ‘closed system’- which I guess makes sense considering Paul's isolationist tendencies.

[mnehring]

ping 325- pinged the wrong person.

[Etoo]

The smoke has all blown away, the mirrors have shattered; and the sheeple are no longer mesmerized, shocked, and awed by the blaring of the siren from your ivory tower.

Our Great War is a spiritual war... our Great Depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off about it. 

- Tyler Durden

 

 

 

["all theory, no teeth"]

 

Ah, but we've got teeth.  Just ask Argent Mortgage about the volume of fraudlent loans that didn't flow through their pipeline after key, systemic, loopholes that were being exploited got slamed shut (via 100% legal, by-the-book means).  

 

 

 

The Truth is mightier than either the sword or the soap.

 

Veritas Honor!