tag:blogger.com,1999:blog-3758330678390419129.post6336465093925361482..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: A Swamp Monster Disses Ron PaulRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-3758330678390419129.post-39411491276325865342011-07-29T18:25:34.052-04:002011-07-29T18:25:34.052-04:00"All the new funds available for the private ..."All the new funds available for the private sector (not sucked up as they are now by government borrowing) would, contrary to Scherer's contention, result in a booming economy built on real savings that is not subject to the volatility of the business cycle."<br /><br />It's the 'not subject to the volatility of the business cycle' I object to. Although you're Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3552068329833430862011-07-29T17:38:10.017-04:002011-07-29T17:38:10.017-04:00In a system without fractional reserve banking the...In a system without fractional reserve banking there would be no emotional reaction about higher interest rates.<br />There would be an equilibrium between lender and borrower and interest would be an incentive to safe. Higher interest rates wouldn't be judged as negative.<br /><br />With a fractional reserve banking system the focus is just on the "stimulus" argument of low Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1365593898102361092011-07-29T16:37:53.992-04:002011-07-29T16:37:53.992-04:00The US should start behaving more like the banana ...The US should start behaving more like the banana republic that it is.<br /><br />NATIONALIZE THE PRIVATELY OWNED FEDERAL RESERVE!<br /><br />Then we really would "owe it to ourselves" and we could make about 5 trillion in Treasury debt vanish in an instant.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-2888812442330869412011-07-29T15:38:48.854-04:002011-07-29T15:38:48.854-04:00I think Ron Paul would agree that a DEFAULT would ...I think Ron Paul would agree that a DEFAULT would in fact lead to much higher interests rates. I'm sure he thinks that interest rates are artificially LOW, being held close to 0 by the federal reserve for close to a decade. <br /><br />The problem is that Michael Scherer assumes something that I find hard to believe... He assumes the default/the hike in interest rates can be avoided by Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52219655460181694642011-07-29T13:55:01.165-04:002011-07-29T13:55:01.165-04:00Stop the presses! Is the outrage over the fact th...Stop the presses! Is the outrage over the fact that a guy with a BA in Journalism is challenging the intellect of a medical doctor, or the fear that Americans would choose to actually think he is worth listening to?<br /><br />As I see it both things spell doom for this country. God help us if Paul doesn't win...Deucenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76899708715995169632011-07-29T08:34:46.085-04:002011-07-29T08:34:46.085-04:00Scherer is a JournOlister: (turn adblock off) http...Scherer is a JournOlister: (turn adblock off) http://dailycaller.com/2010/07/21/a-few-excerpts-from-journolist-journalists/3/<br /><br />Along with his Time colleague the awful Joe Klein: http://hotair.com/archives/2010/07/23/video-journolists-success-in-setting-the-message/<br /><br />Here's a list of those outed as JournOlisters so far. Check them when you see an attack on Ron/Rand Paul. ItAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86655544023574046572011-07-29T07:56:41.566-04:002011-07-29T07:56:41.566-04:00Ron Paul recently stated, and I agree with him, th...Ron Paul recently stated, and I agree with him, that we have ALREADY DEFAULTED on our debt (by devaluing our US Dollars)! And I agree with him. The only question is, how will we continue with this default? Will we continue to ignore it by continuing to print up more increasingly worthless dollars & increasing our debt until the "bubble pops" and the collapse is even greater laterFrankhttps://www.blogger.com/profile/04435123201826242200noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84096228639847909452011-07-29T01:34:24.211-04:002011-07-29T01:34:24.211-04:00There are SO many words for twaddle. Don't mak...There are SO many words for twaddle. Don't make me choose another. You promote NOTHING as your solution to this problem. Don't stand in the way of A Man With A Spine.<br /><br />Vote Vertebrate - Ron Paul 2012!Louis Nardozihttps://www.blogger.com/profile/09682358523313353174noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78179832738322301212011-07-28T22:57:49.068-04:002011-07-28T22:57:49.068-04:00Anon@1224PM-
Divide and conquer is the game. To b...Anon@1224PM-<br /><br />Divide and conquer is the game. To be more specific, TPTB use the dialectic very skillfully, setting the poles of acceptable discourse- you are either "right" and believe in law & order, big business, are anti-abortion, and "support the troops" OR you are "left" and believe in taxing the rich, gun control, publicly funded welfare and Richard Dale Fitzgeraldhttps://www.blogger.com/profile/05223505358122633852noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-17940183628843324262011-07-28T21:10:39.690-04:002011-07-28T21:10:39.690-04:00Even though I am VERY anti Fed, higher interest ra...Even though I am VERY anti Fed, higher interest rates would have prevented this mess in the first place.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4888331349184262622011-07-28T15:20:57.449-04:002011-07-28T15:20:57.449-04:00To be fair, he does not say that "prices"...To be fair, he does not say that "prices" will go up, but "costs". By which, I take him to mean, car payments and mortgage payments will go up if interest rates rise.<br /><br />But note that decreasing house prices are not called decreasing "prices" (good) but decreasing "values".<br /><br />He is essentially arguing that we will have lower prices and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78096444924035975072011-07-28T12:45:33.449-04:002011-07-28T12:45:33.449-04:00"He argues that by failing to raise the debt ..."He argues that by failing to raise the debt limit, the U.S. would default with painful consequences."<br /><br />This was the worst part of it to me. This is simply a lie. Dr. Paul has said many times that failing to raise the debt limit has nothing to do with default, and that those in Washington would have to choose to default for it to happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87722938078498667232011-07-28T12:24:48.811-04:002011-07-28T12:24:48.811-04:00The fundamental point is Austrian Economics is nei...The fundamental point is Austrian Economics is neither Republican nor Democrat. The concept itself has no political affiliation and people fail to recognize this fact.<br /><br />Articles such as these are what fuel the 'divide and conquer' strategy established by the TPTB. Color everything as red or blue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75860774251169768192011-07-28T12:17:49.052-04:002011-07-28T12:17:49.052-04:00The fact that government bond issues crowds out pr...The fact that government bond issues crowds out productive investment can't be promulgated enough, and I thank you for really driving it home.<br /><br />anon 10:21, I've had those same thoughts many times!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-33264037476247700022011-07-28T11:47:46.416-04:002011-07-28T11:47:46.416-04:00Liberal/Progresses are too stupid to spend time in...Liberal/Progresses are too stupid to spend time in critical thinking how economics work.<br /><br />Just the typical failure of towing a party line of propaganda and quixotic budgetary statistics.<br /><br />Fools on the far left(ZOMBIES/SOCIALISTS/MARXIST) and far right(NEOCONS/FASCISTS) don't have a clue what kills purchasing power and reciprocal Inflation/Taxation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57751577080547944422011-07-28T11:27:10.244-04:002011-07-28T11:27:10.244-04:00There you go with your facts. Facts get in the wa...There you go with your facts. Facts get in the way of the state's agenda.Dr. Richard Headhttps://www.blogger.com/profile/11979088235302184074noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42451415918629796552011-07-28T11:22:10.405-04:002011-07-28T11:22:10.405-04:00Sure glad NOBODY reads 'TIME'.Sure glad NOBODY reads 'TIME'.Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10244136271161417022011-07-28T11:09:59.613-04:002011-07-28T11:09:59.613-04:00Aw, what the heck, I'll answer my own question...Aw, what the heck, I'll answer my own question. I personally don't know anyone that reads TIME here in rural Ohio but, I am willing to bet I can find plenty of back issues in the outhouses.Larrynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69035642954867829852011-07-28T11:02:16.458-04:002011-07-28T11:02:16.458-04:00Btw, who cares what TIME says anyways. Does anyone...Btw, who cares what TIME says anyways. Does anyone even read it anymore? I suggest they change the name to OUT OF TIME.Larrynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25935213579551193262011-07-28T11:00:58.566-04:002011-07-28T11:00:58.566-04:00In the 1980s I bought a Beta VCR. I was convinced...In the 1980s I bought a Beta VCR. I was convinced the smaller tape would be the most popular format. <br /><br />I was wrong.<br /><br />I was out the cost of the player, as well as the cost of what movies I had purchased.<br /><br />I had to buy a VHS player and movies, as well as save for a camera later on as the technology improved.<br /><br />My point? We all make mistakes and allocate Texas Chrisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1700168339444519522011-07-28T10:59:01.157-04:002011-07-28T10:59:01.157-04:00The establishment is VERY afraid (and rightfully s...The establishment is VERY afraid (and rightfully so at that). Arguments from ignorance, blatant distortions and full-blown falsehoods and lies will increase. They must. Otherwise, the power structure will shift and this is what they simply cannot afford to have happen. <br /><br />Gasp!!! Why think of what would happen if all those little people out there, in AMERICA of all places, did what they Larrynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13783148742682688262011-07-28T10:49:52.753-04:002011-07-28T10:49:52.753-04:00"Higher costs for what Americans buy." !..."Higher costs for what Americans buy." !<br /><br />Is it me, or has the Fed been advocating this principle since its enactment in 1913? Since you know, we have LOST 97% of our purchasing power with the dollar!Markie Oleshttps://www.blogger.com/profile/02614512515024777979noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88276809374339810272011-07-28T10:21:56.388-04:002011-07-28T10:21:56.388-04:00Interest rates going up (as they should) will mean...Interest rates going up (as they should) will mean GREATER PURCHASING POWER for seniors and people on fixed income.<br /><br />I thought liberals wanted to help old people...<br /><br />Higher interest rates will discourage rampant consumerism based on debt.<br /><br />I thought liberals hated the "consumer society".<br /><br />Higher interest rates will encourage savings leading to Anonymousnoreply@blogger.com