Posted on 01/22/2008 10:15:43 AM PST by ToryNotion
KENNER, La. — Ron Paul, a Republican presidential contender and Texas congressman, said Monday that the Federal Reserve is to blame for the country’s weakening economy.
Paul highlighted his economic remedies — abolishing the federal income tax and returning to the gold standard, among them — on a three-city tour of Louisiana.
The libertarian-minded Paul was the only candidate to visit Louisiana on the eve of the state’s Republican caucuses Tuesday. The caucuses are an intermediary step in picking a favorite candidate. A presidential primary will take place on Feb. 9 and a state convention will convene on Feb. 16.
Paul blamed the Federal Reserve for the current economic conditions; stock markets worldwide fell Monday after Wall Street declined last week. On his Web site, he said the Fed has taken the United States “into a terrible crisis.” Paul told an overflow crowd at a suburban New Orleans hotel Monday that the Fed has allowed the dollar to weaken, which in turn, he said, has hurt the middle class and led to inflation.
“I would enjoy being the next president to get rid of our central bank,” he told supporters. The crowd gave him a raucous welcome, chanting at one point, “Who dat? Who dat say they’re gonna beat Ron Paul?” — a riff on a popular football chant for the New Orleans Saints.
(Excerpt) Read more at youdecide08.foxnews.com ...
Ah, the obligatory “Paul’s a racist!” smears, when you can’t debate the facts.
“I would argue that the most serious threat to the United States is not someone hiding in a cave, in Afghanistan or Pakistan, but our own fiscal irresponsibility.”
That’s why, despite my reservations about his view on the WoT, I’m supporting Dr Paul!
100%
-—”Yes, the Constitution gives the Federal government the power to coin money.”-—
Yup. But Paul didn’t sign it, you know?
Let freedom Ping.
Ron Paul continues to say the same things about the Fed and people still don’t get it.
BTW, Watch this lego brickman film as to what happens next as it begins to cost more money to print dollars then the paper it’s printed on is worth.
http://www.youtube.com/watch?v=as3AYVzWmOI
Agreed. A lot of this has to due with blind, naked greed and ‘irrational exuberance’ or whatever you want to call it. But I think that Dr. Paul is right to point at the Fed as the main ‘enabler’.
Suddenly, I have a craving for some boiled wild shrimp.
If you're talking about Dr. Paul he's read a lot of texts on economics. My guess is the rest of the slate of candidates would have trouble with 'Economics for Dummies'.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson
Have you noticed that the cost per tooth has yet to be indexed to inflation. I mean 30-40 years ago yeah, a tooth would get just a dime, but it has been what, a dollar a tooth for over two decades.
If the Tooth Fairy would just bring prices in line, our youth would have more money to invest shoring up our flagging economy with cold hard cash. The beauty of it is the product is a renewable resource so it is not like the Tooth Fairy has to bow to supply and demand.
Now if we can just get Santa off his Marxist red suited "give it all away" a$$ and move into a cashed based exchange system we could really get things moving.
That’s a keeper!
Not at parity, of course.
Cents on the dollar.
>>How are the countries that use Austrian Economic theory doing again?
The US and UK economies in most of the 19th century and early 20th did really well. Austrian economics is neo-classical. One might say that the US had an economic system compatible with Austrian economics until 1935 or so.
I think Santa has changed his clothes and is now disguised as a bureaucrat who is poised to dispense ‘Free Money’ in the form of a so-called Stimulus Package.
That’s the Easter Bunny.
Wasn’t the post WW2 West German economy based on Austrian Economics? I’d say they did pretty well till they embraced the Social Democrat platform.
BUSH DERANGEMENT SYNDROME!!!!! BUSH DERANGEMENT SYNDROME!!!!
Remember, you're not allowed to question President Bush on Paul threads, you basher.
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