Re: Monetary Policy is stupid stuff. Ain't it?!
"Can you distill Ron Paul's arguments for those of us who think he's either terminally marginalized or inherently irrelevant?"I'll have a go:The US government has increased its powers at the expense of the liberties of its people.One of those increases in the past 100 years has involved the creation of the Federal Reserve, which is in control of monetary policy, making its chairman arguably more powerful than the President.The fed's tinkering with the so-called free market has led to a situation where we now face a worldwide "dollar bubble" on the order of the dot-com bubble of a few years back, or the more recent housing bubble to bring things up to date.If we do not change course, we are in grave danger of ending up where we are headed.How's that?
Herring405
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Herring405
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"Can you distill Ron Paul's arguments for those of us who think he's either terminally marginalized or inherently irrelevant?"I'll have a go:The US government has increased its powers at the expense of the liberties of its people.One of those increases in the past 100 years has involved the creation of the Federal Reserve, which is in control of monetary policy, making its chairman arguably more powerful than the President.The fed's tinkering with the so-called free market has led to a situation where we now face a worldwide "dollar bubble" on the order of the dot-com bubble of a few years back, or the more recent housing bubble to bring things up to date.If we do not change course, we are in grave danger of ending up where we are headed.How's that?
Herring405
