Ron Paul vs. Keynesians

[Kevin_Kennedy]

[youtube]0k92fTDReHg[/youtube]

On "Morning Joe," 1-27-09

 

[Paulie]

Fractional reserve banking is the root cause. If there would be ANY regulation on these banks, it should be a cap on the reserve lending ratio.

I could get behind that.

Ron did well here, I think. The panel seemed to agree mostly, you could tell Meeka definitely agreed with all the mm-hmm's she was giving in the background.

His best point was that if these assets are worthless on the open market, which they obviously are, why is it somehow a good idea to stick the American taxpayers with the liability?

A great question that I'd love to see someone here answer.

 

[editec]

Fractional reserve banking is the root cause. If there would be ANY regulation on these banks, it should be a cap on the reserve lending ratio.

PRAISE MAMMON! Give that man a big fat Cuban.

Spending too much Yes

Borrowing too much? Yes.

Printing too much? Well who did the printing? Here's a shock..the private banks did that. The FED was their enabler.

And yet, when I suggest that these banks serve no real purpose other than to add to the cost of debts I'm some kind of socialist?

His best point was that if these assets are worthless on the open market, which they obviously are, why is it somehow a good idea to stick the American taxpayers with the liability?

A great question that I'd love to see someone here answer.

And the answer is because otherwise the bankers whose bafflingly stupid policies caused these problems won't continue to be rich if we didn't bail them out printing up money which is backed by nothing more than the faith and confidence that the rest of the world has that AMERICAN WORKERS will produce enough to eventually pay it off, that's why.

Only, thanks to the stupendously stupid policies regarding trade and taxation, the American workers cannot find enough work to actually DO THAT.

That's why America and Americans have been borrowing for the last twenty years or so.

We deindustrialized our own nation to benefit the INDUSTRIES of foreign nations.

duh!

 

[editec]

double post

 

[Procrustes Stretched]

Alex, I'll take political gadflies for 500.


"American Political Kook Extraordinaire"

Who is Ron Paul?

 

[Procrustes Stretched]

double post

triple post

triple post

triple post

 

[Kevin_Kennedy]

Alex, I'll take political gadflies for 500.


"American Political Kook Extraordinaire"

Who is Ron Paul?

Feel free to prove that Ron Paul is a kook by debunking what he said in the video.

 

[Kevin_Kennedy]

Fractional reserve banking is the root cause. If there would be ANY regulation on these banks, it should be a cap on the reserve lending ratio.

I could get behind that.

Ron did well here, I think. The panel seemed to agree mostly, you could tell Meeka definitely agreed with all the mm-hmm's she was giving in the background.

His best point was that if these assets are worthless on the open market, which they obviously are, why is it somehow a good idea to stick the American taxpayers with the liability?

A great question that I'd love to see someone here answer.

I don't think this video shows it but they actually start insulting Dr. Paul after he's no longer on to defend himself.

LewRockwell.com Blog: Ron Paul Cage Match

 

[Paulie]

Fractional reserve banking is the root cause. If there would be ANY regulation on these banks, it should be a cap on the reserve lending ratio.

I could get behind that.

Ron did well here, I think. The panel seemed to agree mostly, you could tell Meeka definitely agreed with all the mm-hmm's she was giving in the background.

His best point was that if these assets are worthless on the open market, which they obviously are, why is it somehow a good idea to stick the American taxpayers with the liability?

A great question that I'd love to see someone here answer.

I don't think this video shows it but they actually start insulting Dr. Paul after he's no longer on to defend himself.

LewRockwell.com Blog: Ron Paul Cage Match

What ELSE is new.

 

[Procrustes Stretched]

Alex, I'll take political gadflies for 500.


"American Political Kook Extraordinaire"

Who is Ron Paul?

Feel free to prove that Ron Paul is a kook by debunking what he said in the video.

a challenge? I'll mark this for later tonight. I think Ron is a smart guy with kookie ideas. We'll see if I can debunk any of his ramblings.

ltr

d.

 

[Agnapostate]

Ron Paul vs. Keynesians...of course this country can't conceptualize any greater divide than that between free marketers and Keynesians. When will people begin to learn that Paul Krugman does not represent any "leftist" economic agenda? When will you see Robin Hahnel published in the New York Times instead of Paul Krugman?

 

[Kevin_Kennedy]

Well there is a difference between Ron Paul, an Austrian, and Keynesian economists, as the video I posted shows.

 

[Paulie]

Hey Devnell, when you and Dave are done sucking each other off over in the flamer zone, we'll be here waiting for that scathing rebuttal to Ron Paul that you promised us.

 

[amrchaos]

Fractional reserve banking is the root cause. If there would be ANY regulation on these banks, it should be a cap on the reserve lending ratio.

I could get behind that.

Ron did well here, I think. The panel seemed to agree mostly, you could tell Meeka definitely agreed with all the mm-hmm's she was giving in the background.

His best point was that if these assets are worthless on the open market, which they obviously are, why is it somehow a good idea to stick the American taxpayers with the liability?

A great question that I'd love to see someone here answer.

I think I have the answer to this question.

Banks are economic mortals. Citizens of the very system these supposedly monetary atheist believe they control until it hits the crapper.

Government is the hidden economic god that can promote or rescind the economic system at will.

Let our economic citizens hold onto these troubled assets, they will die from financial poisoning. Give it to the true master of the economy, the poison becomes inert.

Now that is Rousseau taking a step in the direction Rouseau should have went instead of catering to the will and desires of the common man.