YouTube of Ron Paul on Blitzer

[Copernicus]

Since I cant find a convenient "scorecard" on RP, I'll assume wiki is correct about these positions:

Letters of Marque and Reprisal against individual terrorists-tantamount to continuation of the Clinton policy to treat them as criminals, ignores their sources of funding and sanctuary-awful

Against Patriot Act - awful

Abolish Dept of Homeland Security - sure

For withdrawal from UN and other orgs that diminish US sovereignty - good

Against torture - depends on his definition of torture

Abuse of executive authority - that would change if he were ever elected

Free trade - good

Strong stance on illegals - good

Abolition of the Fed, Austrian economics, return to gold standard - disasterous

Taxes - good

Elimination of most cabinet departments - and do what with their responsibilities?

Eliminaton of electoral college but strengthen the role of states? Yeah-the big states, like Tx, at the expense of small states

Pro-life - who cares

Against capital punishment - bad

Gay rights - who cares

Health care relief - hows it going to be paid for?

Drug laws - he says its not a Federal issue..so is it a state issue? prohibition doesnt work...legalize? wiki isnt clear enough on his positions

So, on balance, he's a disaster on homeland security and defense and on economics; good on taxes and immigration; mixed on a bunch of extraneous garbage that are unlikely to ever change.

Theres a lot better out there.

[Ralph Wiggum]

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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

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Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

[Copernicus]

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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

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Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

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read the 5,648,234 AC and fiat currency threads in this forum and get back to us.

[pvn]

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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

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Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

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You notice he didn't mention who it would be disasterous for. It certainly would be a huge disaster for the current established order. WIthout this method of transferring wealth, they'd have to be much more upfront about how much money they're stealing to pay for all their boondoggles, and public support would plummet.

[hmkpoker]

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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

[/ QUOTE ]
Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

[/ QUOTE ]

Good video.

EDIT: There is a major mistake at 34:23. The narrator claims that the real price of goods does not change, citing an extremely fallacious example by comparing the purchasing power of an ounce of gold today (a nice belt, suit and shoes) to the purchasing power of ancient Rome (a nice toga, belt and sandals.) This could not be more wrong. Nothing is mentioned of the quality of these goods. Purchasing goods of Roman quality today would require a day's worth of minimum wage labor and a trip to Wal-Mart; MUCH less than an ounce of gold. Real purchasing power increases over time because of technology and market innovation.

[Copernicus]

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[ QUOTE ]
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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

[/ QUOTE ]
Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

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Good video.

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An hour and 22 minutes? Life is too short.

[hmkpoker]

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An hour and 22 minutes? Life is too short.

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Nonsense. According to your posting record, you've been posting regularly on this forum for the last six hours.

[jstnrgrs]

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[ QUOTE ]
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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

[/ QUOTE ]
Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

[/ QUOTE ]

Good video.

EDIT: There is a major mistake at 34:23. The narrator claims that the real price of goods does not change, citing an extremely fallacious example by comparing the purchasing power of an ounce of gold today (a nice belt, suit and shoes) to the purchasing power of ancient Rome (a nice toga, belt and sandals.) This could not be more wrong. Nothing is mentioned of the quality of these goods. Purchasing goods of Roman quality today would require a day's worth of minimum wage labor and a trip to Wal-Mart; MUCH less than an ounce of gold. Real purchasing power increases over time because of technology and market innovation.

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So the federal reserve is a private entity? Then what's to prevent private citizens from starting their own competing banks who issue their own money (backed by whatever they want)?

[Copernicus]

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An hour and 22 minutes? Life is too short.

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Nonsense. According to your posting record, you've been posting regularly on this forum for the last six hours.

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regularly? 20 or so posts that took a total of about 20 minutes to write between editing revisions to a financial forecast is quite different than devoting that much time to the same bad economic theory that I no longer participate in when discussed here?

[Copernicus]

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Abolition of the Fed, Austrian economics, return to gold standard - disasterous

[/ QUOTE ]
Could someone explain why this is disasterous? Talk to me like I'm 10. I recently saw this video on Fiat Empire with Ron Paul, so I'll like to get another point of view.

[/ QUOTE ]

Good video.

EDIT: There is a major mistake at 34:23. The narrator claims that the real price of goods does not change, citing an extremely fallacious example by comparing the purchasing power of an ounce of gold today (a nice belt, suit and shoes) to the purchasing power of ancient Rome (a nice toga, belt and sandals.) This could not be more wrong. Nothing is mentioned of the quality of these goods. Purchasing goods of Roman quality today would require a day's worth of minimum wage labor and a trip to Wal-Mart; MUCH less than an ounce of gold. Real purchasing power increases over time because of technology and market innovation.

[/ QUOTE ]

So the federal reserve is a private entity? Then what's to prevent private citizens from starting their own competing banks who issue their own money (backed by whatever they want)?

[/ QUOTE ]

Isnt the Fed considered "quasi-Government", like the PBGC? I

Are there any roadblocks to starting a new currency other than widespread acceptance? Digital money (sometimes gold backed, sometimes not) has the same effect as a new paper currency.