tag:blogger.com,1999:blog-3758330678390419129.post3296098833915456971..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Another Ron Paul Critic at the Fed: "I Know Some Powerful People"Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-3758330678390419129.post-49138854642988169692011-08-28T19:00:54.643-04:002011-08-28T19:00:54.643-04:00Jesus, all you mouth-breathers really believe that...Jesus, all you mouth-breathers really believe that Ron Paul idiocy. Dumb as stumps, the lot of you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43775806209773195782011-03-22T19:28:01.883-04:002011-03-22T19:28:01.883-04:00Smack McDougal-
You seem like you understand mone...Smack McDougal-<br /><br />You seem like you understand money and money creation, etc. but then you say something incredibly ignorant. Mises understood this just fine, read Marxism Unmasked: From Delusion to Destruction.Phaedroshttps://www.blogger.com/profile/04529068214391279340noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77120085815828919732011-03-20T11:32:42.595-04:002011-03-20T11:32:42.595-04:00Where is he coming up with his numbers for total g...Where is he coming up with his numbers for total government expenditures? He says that government at all levels spent about $3 trillion. That is not even close. The federal budget alone was far more than this figure for 2010.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90643965591193113482011-03-19T18:56:39.883-04:002011-03-19T18:56:39.883-04:00You know the actual discussion regarding the fed&#...You know the actual discussion regarding the fed's role in this whole debockle is lost to a great degree. Mostly due to the raving loonies on both ends of the political spectrum. People making unhelpful comments like "DESTROYZ TE FED!" are not doing much to ligitimize these imporant facts to the greater public. <br /><br />Try toning down your rhetoical fires a bit and stick to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36296851460802043142011-03-18T13:11:14.327-04:002011-03-18T13:11:14.327-04:00NOT ONLY MUST THE fed BE DESTROYED ALONG WITH ALL ...NOT ONLY MUST THE fed BE DESTROYED ALONG WITH ALL OF THEIR SUB COMPANIES AND PRIVATE PSEUDO GOVERNMENTAL LAW ENFARCMENT AGENCIES, THE CRIMINALS INVOLVED MUST BE BROUGHT TO JUSTICE UNDER THE PROVISIONS IN THE U.S. CONSTITUTION PRESCRIBED FOR TREASON AND TYRANNY. <br /> Make no mistake, these cretins are Criminals of the highest caliber and their theft of the Great Nation and subjugation of it'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28018714816836582772011-03-18T11:53:12.375-04:002011-03-18T11:53:12.375-04:00To anon @11:31. When people resort to name calling...To anon @11:31. When people resort to name calling, they've already lost the intellectual argument. Do you agree to this statement by Ron Paul?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51825939925213000912011-03-17T23:43:45.076-04:002011-03-17T23:43:45.076-04:00Davos: Perhaps I would understand your post(s) if ...Davos: Perhaps I would understand your post(s) if you put forth some arguments. Incoherent rambling about broom closets and toilets just doesn't do it. Sorry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87839174874184753252011-03-17T23:35:49.597-04:002011-03-17T23:35:49.597-04:00Davos: you left out how "intellect" also...Davos: you left out how "intellect" also gave us a World Trade Center that was safe against impacts by aircraft-- as long as they didn't have any FUEL in them. Talk about "no common sense--" they seemed to be under the impression that the aircraft around New York City, consisted only of catapult-launched gliders!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58409471697238968772011-03-17T23:31:00.580-04:002011-03-17T23:31:00.580-04:00What kind of idiot is this "Stephen Williamso...What kind of idiot is this "Stephen Williamson?" He says:<br /><br />"private firms issue claims (stock) which are not specific promises to pay anything specific in the future (dividends are discretionary). Further, private firms make no commitments about their future plans to issue more stock, or to buy back stocks, decisions which will affect the value of stock held by existing Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63814937355366558962011-03-17T20:49:53.582-04:002011-03-17T20:49:53.582-04:00The FED better hire a P.R. firm becuase, this
this...The FED better hire a P.R. firm becuase, this<br />this guy sucks!<br /><br />END THE FED!<br />Ron Paul 2012!<br />Trump is a loser!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-62919991152522215742011-03-17T20:37:49.961-04:002011-03-17T20:37:49.961-04:00Here's tragic flaw #2 in his Williamson's ...Here's tragic flaw #2 in his Williamson's arguments. He talks about 2% monetary inflation not being significant. As Wenzel points out briefly, he makes no mention of price inflation. The lie of implication here is that inflation is 2% across the board, and hunky dory with the fed. The reality is that over the past few years inflation in the price of FOOD has been ~15%, the price Deucenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36819052558643584612011-03-17T20:26:03.952-04:002011-03-17T20:26:03.952-04:00"Davos: Now, that's a deep and thoughtful..."Davos: Now, that's a deep and thoughtful argument from a true intelectual."<br /><br />Maybe you should be so intellectually inclined to read this morons words, with specific regards to his claim to fame is having a broom closet at the Fed with his name on the door. And oh, he knows some really powerful people.<br /><br />Then, perhaps, you'll understand my post. If you don&#Davoshttps://www.blogger.com/profile/01529431229251423593noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71234518671982789042011-03-17T20:24:15.105-04:002011-03-17T20:24:15.105-04:00The Mick is dead right. I noticed this same fanta...The Mick is dead right. I noticed this same fantastic blunder in his logic. He compares the fed printing money to private companies issuing stock. All I can say to that is:<br /><br />Bad economics! What an insult!<br /><br />When I buy shares in Ford I know what is backing them. Same with GM, Dell or anyone else. WHAT IS BACKING FED DOLLARS? Nothing but the productivity of a bunch of Deucenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58715646901664938492011-03-17T17:08:59.524-04:002011-03-17T17:08:59.524-04:00Williamson has responded to this article already t...Williamson has responded to this article already today on his blog! Mr. Wenzel has certainly hit a nerve. :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-19429802925287755542011-03-17T14:53:14.743-04:002011-03-17T14:53:14.743-04:00BTW, Keynes was a money crank. Say's Law has ...BTW, Keynes was a money crank. Say's Law has never been refuted, Keynes claim to the contrary notwithstanding.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44844977510925975302011-03-17T14:49:42.786-04:002011-03-17T14:49:42.786-04:00The Keynesians are undone by their "neutralit...The Keynesians are undone by their "neutrality of money" assumption<br /><br />In fact, the efficacy of new Debt is subject to the price level. The productivity of new debt is inverse to the price level, which is a function of total debt. <br /><br />At the current price level (25), a dollar of new debt only produces $.04 new real output, as debt servicing consumes the rest. The &Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87927442253446305542011-03-17T13:07:39.071-04:002011-03-17T13:07:39.071-04:00I think Williamson explained to us the true reason...I think Williamson explained to us the true reason why he is scared.He has a nice office, gets to play poker with Fed Presidents, all while maintaining his job as a Professor.It's every academic's dream.<br /><br />If the Austrians win, people like him will be forced to look for work.<br /><br />Maybe he will finally understand how an economy works when he is selling bootleg DVDs to make Tom B.noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26131190686876280362011-03-17T13:01:37.173-04:002011-03-17T13:01:37.173-04:00Davos: Now, that's a deep and thoughtful argum...Davos: Now, that's a deep and thoughtful argument from a true intelectual....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32584902524351274072011-03-17T12:30:52.687-04:002011-03-17T12:30:52.687-04:00The moron's name should be posted on the ladie...The moron's name should be posted on the ladies toilet stall - not some windowless broom-closet, then maybe the AH would get it.Davoshttps://www.blogger.com/profile/01529431229251423593noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63112883985556287522011-03-17T12:27:35.565-04:002011-03-17T12:27:35.565-04:00I love Dr Wenzel!I love Dr Wenzel!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42850863621849827562011-03-17T12:18:53.930-04:002011-03-17T12:18:53.930-04:00I am not sure if Mr Wenzel has problems with readi...I am not sure if Mr Wenzel has problems with reading or if he has problems with comprehension:<br /><br />Mr Williamson writes: "In primitive economies, ... it can be economically efficient for the government to generate much of its revenue with the inflation tax. In modern economies, we think not."<br />But Mr Wenzel concludes that in Mr Williamson's mind, the inflation tax "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45836567306558591602011-03-17T10:48:28.748-04:002011-03-17T10:48:28.748-04:00I've came to believe that these people believe...I've came to believe that these people believe their own shit. When liars actually fall for their own lies. Reprobates plain and simple. Drug dealers that use their own product. Stupid, foolish, and all the other likened adjectives that best describe these kinds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63908093864180229602011-03-17T10:40:16.154-04:002011-03-17T10:40:16.154-04:00you have to understand - the FED thinks they inven...you have to understand - the FED thinks they invented life as we know it, therefore - they believe the rules of life and society are owned by them. they are sovereign.<br /><br />I don't believe the FED is in control as the curtain they hide behind is at the dry cleaners, and in fact - will be there for a while getting the moth holes repaired too.<br /><br />we effectively allow the FED Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-70886775330102306952011-03-17T10:35:35.657-04:002011-03-17T10:35:35.657-04:00The essence of the Fed argument is this: that gove...The essence of the Fed argument is this: that government is not immoral but is a very necessary and good thing. The sneaky way that the Fed taxes the public (through the inflationary "seignorage") is a better way of paying for government services than by beating the money out of people through taxes. Presumably a stealth tax is considered superior because the people are less aware Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22732206227290028482011-03-17T10:31:20.495-04:002011-03-17T10:31:20.495-04:00I can't decide which is worse. Do these men k...I can't decide which is worse. Do these men know the truth and write this stuff as a smoke screen, or do they actually believe that the FED is great for the nation (not just the bankers and elite economists) and all who reside therein?Anonymousnoreply@blogger.com