Posted on 12/26/2009 3:48:44 AM PST by rabscuttle385
The same grassroots energy that propelled Ron Paul from a little-known Congressman to a force in the presidential primaries now seems to be transferring to his son in his Senate run in Kentucky. Public Policy Polling's (D) latest survey shows him easily ahead of Secretary of State Trey Grayson, who was recruited by the national party after Sen. Jim Bunning (R) was pressured not to seek re-election.
Republican Primary Election Matchup
Paul 44
Grayson 25
Und 32
(Excerpt) Read more at realclearpolitics.com ...
He came in second in the state of nv, where i used to live.
And if Paul wins the nomination, will the Libertarians run a candidate against him?
You’ll get no arguement from me, but you should post an article like this to the forum instead of in an unrelated thread about a senate race. More people will see it and weigh in with their opinions. Ping me if you do so.
Yes sorry I just thought you might like to post it under a libertarian ping for discussion.
As far as “auditing the Fed” goes, do you really want the current crop of Congressional Clowns” auditing the Fed?
Do you really want these a-holes to have even more intrusive power into the “central bank” then they have now?
Do you really want Barney the Homosaur & Dodd to decide what our currency is worth?
I don't see how a modern economy could function without a “central bank”, something independent of the vagaries of day-to-day politics. The Fed as I see it now suffers from too much political manipulation not too little!
I can't see how a decentralized system would function, a return to state banks each issuing a currency. Heck even private banks did that in those days. For example and Idaho state dollar might not be the same as a Vermont state dollar. How would these difference be reconciled? It seems to me it would make a mess of interstate commerce.
I don’t know why this was addressed to me but I’ll take a whack at it.
I read Rand Paul caused quite a stir because he said some things about defending the country. I don’t know if he thinks 9/11 was an inside job and as far as I know Ron Paul never said it was an inside job but I could be wrong.
I think we should end the fed like you pointed out there is too much manipulation I don’t see the fed acting as an independent agency at all.
If we had no fed barney the banking queen or dirty dodd wouldn’t be able to manipulate it.
How do you think a decentralized system worked before congress gave away the power to the fed? We have not always had the fed you know not until 1913.
Here is how it would work.
If, however, we portray the Fed as it actually is (a government run cartel) then the solution to its evil becomes clear — end its protective connection to the government, which would eliminate its monopoly status and its power to dangerously expand the money supply. Simply abolish the Reserve Banks and make the member banks independent institutions again. They would then have to live with the rules that the market would demand. And the market would demand open disclosure of the extent of their fractional reserve loans. Most important of all, the market would demand redemption of all bank issued paper notes with gold coins or bullion upon customer request. Both of these market demands would temper excess paper issuance on the part of banks and keep them responsible.
In other words, repeal the government’s legal tender laws, establish a free-market for banking, and let the marketplace decide what should be used for money. The banks would then have to offer quality gold money that the people desired, rather than corruptible paper money that a government cartel mandates. This would decentralize the financial power of our economy out among the thousands of individual banks throughout the country and strip the Federal Government of its dangerous control over our wealth and productivity.
http://www.thedailybell.com/681/Nelson-Hultberg-The-Fed-is-a-Fascist-Cartel.html
Anything else about Rand or Ron Paul I am sure you can google it and find out the answers.
p.s.
One more thing Conservatives never used to be on board for nation building and Ron Paul is by far more Conservative in spending then any other Republican.
I vote in Ky and I don’t want either of these idiots. How can we get someone else to run? I’ve even urged my husband to run, but he said he was married to me, and I have too many skeletons in my closet
Yes I know the argument well about how pre-1913 banking worked. I am still unconvinced that such a system can work now, well for one thing there simply isn't enough gold to issue it as currency. What you described would yield situations where Vermont dollars might not be the same as Idaho dollars. When I had time to study this detail I felt Milton Friedman had the better arguments, basically all the Fed should do is constrain the money supply around some economic parameters that are system to monetary value. In fact he said something that you could reduce the Fed Board's to that of a computer program that constrains monetary growth.
Now regarding Ron Paul's statement about thinking that 9/11 was a inside job, he certainly made statements where he implied that, that was the case. He also did nothing to discourage his “Paulistas” who where spreading that tale. As someone who was stuck in traffic and saw the plane hit the Pentagon, to even give a hint of implication of t being an inside job is abominable ! To me it puts Paul in the same category of David Duke!
I consider the Fed to be a government protected monopoly that practices central planning of the money supply and through their unique ability to print money out of thin air, they are stealing value from everyone else.
Then maybe you are too steeped in the economics taught in America's colleges and universities. You need to go back and read about the central banks of the 19th century.
By federal law, we have to use Federal Reserve Notes. How about giving freedom a chance?
I don't want any top-down command and control monetary system. I want FREEDOM to make contracts in whatever currency I choose, be that FRNs, gold, or 9mm ammunition.
Ah yes! 1913! The middle of the initial two "golden" destruction decades for the former Republic and its original Constitution.
RINOs have the distinction of having been the ones who, historically, opened the barn door to Marxism and/or democracy...They've been aiding and abetting ever since!
Interesting article...
Yes Yes higher education is a waste if time & it doesn't do any good except turn people into commies!
I only had one year of econ as an undergraduate and it was from a Chicago School guy.(He had a weird name, can't remember if though!) He basically just taught the book and the book was not anti-free market by any means. The econ department in those days where I got my undergraduate degree was run & dominated by James Buchanan.
(Also my degrees are in the hard sciences, I took econ because every other social science seemed to be BS. At least with econ there was some math!) All my other “education training” in you will came from reading books and articles from Reason, Liberty & reading a lot of Friedman. So is that sufficiently “college-of-hard-knocks-untainted-by-academia” education for you? Right now I am reading (when I have the time!) stuff ranging from Adam Smith to Niall Ferguson. I recently bought a used textbook on banking & financial markets so at some point I will go through that.
Your comment got me curious, and a quick Google of Ron Paul 911 showed a lot of speculation. I didn't find anything that said Paul was a 911 truther. What Paul DID say was that the WTC attacks were a retaliation for our intervention in the ME. Here's a direct Ron Paul quote from 2004:
Unfortunately, the biggest failure of our government will be ignored. I'm sure the Commission will not connect our foreign policy of interventionism – practiced by both major parties for over a hundred years – as an important reason 9/11 occurred. Instead, the claims will stand that the motivation behind 9/11 was our freedom, prosperity, and way of life. If this error persists, all the tinkering and money to improve the intelligence agencies will bear little fruit. Over the years the entire psychology of national defense has been completely twisted. Very little attention had been directed toward protecting our national borders and providing homeland security.Whether people agree with Ron Paul on this or not, I couldn't find anything where Paul stated 911 was an inside job. If anyone else finds a direct quote from Paul, I'll do a mea culpa, but other people claiming Paul said it don't persuade me.
Our attention, all too often, was and still is directed outward toward distant lands. Now a significant number of our troops are engaged in Afghanistan and Iraq. We've kept troops in Korea for over 50 years, and thousands of troops remain in Europe and in over 130 other countries. This twisted philosophy of ignoring national borders while pursuing an empire created a situation where Seoul, Korea, was better protected than Washington, DC, on 9/11. These priorities must change, but I'm certain the 9/11 Commission will not address this issue.
Yee-HAAA! Go Rand Paul! Libertarians rule! :-)
Probably. They ran a candidate against his father in 2k8. As you know, Ron Paul took 99% of the vote against that candidate. The Democrats ran no one for that congressional seat.
Good for you!
Ron Paul is NOT a 9/11 Truther.
I would suggest Ludwig von Mises, F A Hayek, Murray Rothbard, hans-herman hoppe.
I am not a Chicago School fan. They are Keynesian heretics. They want to replace the Fed’s directors with a computer so it’s not held captive by the whims of politicians. That’s a good aim.
However, I have a problem with a system that requires you to actively spend your savings or have it’s value stolen, by design. That’s what inflating the money supply does, whether it’s by human directors or a computer program. That seems to be to be inherently anti-property rights. If due to the aggregate sum of human activity in a free market, the savings turn out to be worth more or less, that just happens but is not by the design of the system. Friedman’s redeeming qualities were his libertarianism, but just could quite jettison the Keynesianism totally.
I am too have degrees in science (BS in Chemistry and Computer Science, MS in management, and MS in Computer Science) and come by economics from reading.
We saw first hand how the local party officials rigged the game to make sure Paul did not get any delegates. Do you really think the rank and file Republicans choose the candidates? How do you think we ended up with such terrible candidates as Dole and McCain? The RINOs have a firm grip on the party, and they are not about to run a fair, open contest.
I have read them all!
I prefer Hayek, he is less pedantic in his writing style then the others. I used to be a gold bug or “hard money man”, though I am now less convinced that it would work in a modern economy. That is why I lean toward the Friedman viewpoint. To me everything else ultimately is a form of barter, which because of its impracticality it fails then economic activity goes to ‘letters of credit (and debit)” and back to bank notes. The question is a unified currency issued by a central authority (bank) or a decentralized currency. History seems to show that a unified currency is more efficient economically, that is, is best for passing “value” between buyer & seller. The question is how do we keep the government out of it? Governments have been mucking up the value of money probably since there was money to muck with & governments to do it! Think Diocletian's devaluing of the Roman imperial currency!
If you went to a non-central bank solution what would you do with the current Federal Reserve notes? Zero them out?
I am not sure I want to change the current system until I am convinced this “cure” is not worse then the “sickness”. If one gets anything out of reading history and in particular economic history is healthy respect for the “Law of Unintended Consequences”.
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