tag:blogger.com,1999:blog-3758330678390419129.post232278413709173572..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krugman Discovers Excess ReservesRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-91037173760165772462011-07-02T20:05:57.933-04:002011-07-02T20:05:57.933-04:00Anonymous - the increases in the monetary base are...Anonymous - the increases in the monetary base are *always* permanent, in the longish term.<br /><br />What Ron Paul wants is to stop exchanging proceeds of taxation (which are *real* money) in interest for the loans backed by counterfeit money created by the Fed - by the simple expedient of bankrupting the Fed.averrosnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76644107242366476642011-07-02T19:17:42.566-04:002011-07-02T19:17:42.566-04:00What do you think of Ron Paul's brilliant idea...What do you think of Ron Paul's brilliant idea of making making the recent increase in the monetary base a permanent one? Hyperinflation be dammed. <br /><br />http://www.tnr.com/article/politics/91224/ron-paul-debt-ceiling-federal-reserve<br /><br />"Ron Paul:We owe about 1.6 trillion dollars because the Federal Reserve bought that debt so we have to work hard to pay the interest to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77715661900944277252011-07-02T13:20:31.009-04:002011-07-02T13:20:31.009-04:00your saying that banks are loaning out money, and ...your saying that banks are loaning out money, and what they are to reserve as required reserves are being borrowed from the fed?Anonymousnoreply@blogger.com