3 delegates

You're not one of my stalkers, so when I tell you this, it's without any malice whatsoever. I just intend to educate you on two things:

1. As Aerlinthian can attest, I do NOT watch videos for anything other than entertainment. They are poor tools in political argument; they take much longer to view than to read, they are harder to cite specific segments than writing, and they are more open to interpretation of the viewer. (The last point is because we have time to choose precise language in writing and will use more ambiguous terms in speech.)

2. The reason I hate Paul has nothing to do with his "financial responsibility," his "media portrayal," his newsletter, or even most of the tenets of his libertarian philosophy. My disdain for him is hardly new and highly specific; he's a deflationist, which will destroy what's left of the world economy. Deflation has caused most of the economic havoc we see around us, and it's hidden by rising energy costs so we don't see that the portion of the cost of goods and services that stays within our own economy is actually decreasing. Deflation causes debts to cost more in real dollars, which means that no amount of austerity could ever pay off our national debt. It's traditionally considered a benefit to those who own debt instruments, but in reality, the rate of default (which rises exponentially in a deflationary cycle) means that even they suffer from deflation.

It's not possible to maintain a fixed money supply and grow an economy, even if we completely ignored why Nixon took us off of the gold standard in the first place: other countries were holding our dollar instead of gold in reserve, which resulted in a currency flight for which we could not compensate, and it was dragging down our economy. Add that in, and it's beyond lunacy to support such a policy: it's suicidal. If Paul wants to shoot himself in the head, I'll support the second amendment enough to give him a loaded gun and stand back, but he's not going to take me, my country, or my planet with him.

 

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He's not a lunatic, otherwise there would easily be proof given his popularity. Your insults aren't an intelligent political opinion, in fact they tend to hint that you don't have one.





Oh, so you think you have stalkers in my thread now...

and you're calling Ron Paul a lunatic? Seriously, just read your own posts and realize how you sound.

 

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lmao!

 

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Our government should have the right to issue our own money. Why are we borrowing it from the Federal Reserve?

He was the first loser! Go Go Ron Paul!

 

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I'm actually in favor of abolishing the Fed as well, but the similarity ends there. I want us to have full control over our own monetary policy, including using it as a countermeasure to the fiscal policy we need to get our finances back in order.

Most most on the right and even most on the left fail to realize is that taxes do NOT remove economic activity. We spend that money, so it gets put back into the economy (as long as it's spent on domestic providers, which we have had a law to do so since 1935 but it has been eroded over the years and outright abandoned with the W Bush administration). Reducing the deficit has a counter-effect on the US economy, no matter whether we cut spending or raise taxes to do so. This happened in the late 1990s; we balanced the budget, but the economy suffered because the Fed was actually strangling our money supply instead of increasing it to compensate, because they were chasing a ghost of inflation that simply did not exist. Everybody remembers the recession at the end of Bush's presidency, but we actually had one at the beginning of his presidency that carried over from Clinton. Michigan never recovered from the first recession before it got socked with the second. We'd lost hundreds of thousands of jobs between 1998-2002.

Controlled inflation grows the economy. Manufacturers have an incentive to produce inventory at today's prices and sell them at tomorrow's. We tend to view inflation as a bad thing because of the double-digit inflation of the 1970s that was ripping us apart and hyperinflation scenarios such as the Mexican Peso crisis of the 1990s. The first case was a result of the dollar shifting to its true market value after being taken off of the artificial price control of the gold standard, and the second case was the result of extreme conditions that are not present in normal, <5% annual inflation.

Paul, on the other hand, wants to abolish the fed so we never again for eternity print another bill that doesn't represent either a directly proportional increase in our gold supply or a replacement of a destroyed note. We need control of monetary policy so we can expand the supply of money to match its growing demand in our economy, not to strangle it.

 

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Second place is the first loser

 

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Second place is a winner of delegates. Big difference.

 

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