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Another reason...

inlet13inlet13 Posts: 1,979
edited August 2011 in A Moving Train
...why Ron Paul is the man. I kinda think he's pushed other candidates to move in this direction:

Perry takes on the FED:

http://www.nytimes.com/2011/08/17/us/politics/17perry.html

Bachmann on the FED:

http://www.reuters.com/article/2011/08/16/us-usa-campaign-bachmann-idUSTRE77D0US20110816


He, and now other Republican candidates, are bringing this issue to light to the general public. Otherwise, it just gets buried. People need to be educated on Monetary Policy.
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Comments

  • markin ballmarkin ball Posts: 1,075
    Number 1: Ron Paul is the man.

    Number 2: I really don't think Perry is wising up to, or creating awareness of, the real issues with our monetary policy. I think Perry just doesn't want any further actions taken by the Fed, like enticing downstream banks to lend more, that may give economic indicators, like the unemployment rate, a little positive bump before election time. Politics as usual, I'm afraid.

    Number 3: Ron Paul is the man.
    "First they ignore you, then they ridicule you, then they fight you, then you win ."

    "With our thoughts we make the world"
  • inlet13inlet13 Posts: 1,979
    markin ball wrote:
    Number 1: Ron Paul is the man.

    Number 2: I really don't think Perry is wising up to, or creating awareness of, the real issues with our monetary policy. I think Perry just doesn't want any further actions taken by the Fed, like enticing downstream banks to lend more, that may give economic indicators, like the unemployment rate, a little positive bump before election time. Politics as usual, I'm afraid.

    Number 3: Ron Paul is the man.

    I agree with numbers 1 and 3, but for 2:

    I saw a piece on it on Fox and CNN, and just flipped to MSNBC... yes, MSNBC... and "the Last Word with Lawrence O'Donnell's program" just had a 15 minute stint on the Fed. Talking about QE1 and QE2, bashing anti-Keynesian ideals (despite the fact that the host clearly didn't understand Monetary Policy), etc.

    My point is, although you may be right that Perry/Bachmann in them being worried about political ramifications more than the justifications in Monetary Policy itself,... I just think they (and now the news) wouldn't be talking about this if it wasn't for Ron Paul setting the stage. That said, Perry talking about this has every major news network talking about it. And I don't really care who's lighting these small fires now... This needs to be talked about.

    This was so evident in this interview I just watched. These news anchors have no clue about Monetary Policy.... they look like they are shitting themselves when they say stuff like QE2.
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