Ron Paul on Fox Business News
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Comments to “Ron Paul on Fox Business News”
- Someone gets it ;) Mate I think we're losing this war of ignorant consumption, I really do. Save a drug addict with more drugs (peter Schiff), I don't think people will even see a problem when the banks have a week break, or when the price of gold goes to $5,900 an ounce.
- Yes and what happened with Hoover, Hoovervilles! If you keep letting government get bigger, and print more money, (save a sinking ship with more fucking WATER) you'll destroy your economy. And what level of suffering; well keep letting the PRIVATE (listen mate, the fed OR central bank isn't government) corps print money and fix inflation you'll wake up homeless, I PROMISE you. All the greats tried to warn us against this. Maybe it's too late, especially with views like that, however noble.
- good video I like your approach to business if you get a chance check out my videos I have some more useful information on there.
- I'm a European, and I'm very proud of the fact that we did this in Europe first. We're suffering as much from this crisis as are the Americans. If I wanted the US economy, and it's people to shrivel and die, I would suggest staunch fiscal conservatism and balancing the budget. Hoover would approve.
- Every european wants to see American citizens suffer with increase tax and increase inflation and lower value for the dollar, but that is akin to torturing the slaves of the plantation because the Massah of the house ordered poor farming causing blight on his neighbors land. What should happen is what happened in France to Marie A.
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- Cheers!! I try not to fall into hyperbole if it can be avoided. I just don't understand people who want the government to shrivel up and do nothing at all to try and soften the blow from this crisis. I suppose it's true that the economy would readjust- but at what cost? What level of human suffering are we willing to see? The last thing we need is for this recession to turn into a depression.
- I would actually have hope for our future if ron paul was president I do not believe obama will make the necessary changes we need to save this country Ron Paul gives me hope.
- money is not backed by anything thing its legal tender therefore its worthless paper the goverment keeps making to control the public end of story
- You're basically telling me what I've been saying all along. Of course commodity backed currency experiences periods of inflation/deflation, but the value can fluctuate in either direction. The trust system we have now will ALWAYS devalue our dollar. 700 billion dollar bailout anyone?
- Inflation is caused simply by an increase in money supply. A commodity backed currency is not exempt as it is also subject to increases in supply (e.g. Gold Rushes). They do indeed protect against govt. overspending and hyperinflation--but as I brought up in a an earlier post economies frequently face deflationary periods when the supply of the commodity dries up.
- God. you really took me to school on the "overvalue"/"overpriced" statement i made. i apologize for such a foolish statement. i wish youtube had a delete button for comments sometimes cause this really makes me look bad.
- True, but using a currency that is backed by a tangible substance can be used. I was using the bartering example to show you that not all economic systems experience inflation.
- If that were the case then how come you are avoiding the example I used of Soviet Russia? A loaf of bread is a loaf of bread is a loaf of bread, etc. The value of the good wasn't overpriced during that period, the money was just worthless. How can you be so blind to what's really happening to the US dollar?
- like i said, bartering cannot be used by the nation-state economies.
- goods and services are overpriced in an inflationary period. its the hallmark characterization of inflation. just look at the CPI
- Bartering is the oldest form of "currency" in the world. It's pure supply and demand. "I need bananas, but I have goats. My neighbor needs goat milk and has bananas. Let's trade." There's no complicated as all hell departments that regulate everything, the consumer controls the value. Our current currency system is a trust system, all of which that have ever been implemented throughout history have failed. Currency needs to be redeemable for tangible wealth, not empty words.
- Goods and services will ALWAYS be needed. The demand for these will remain fairly constant. People will always need to eat, have shelter, fuel their vehicles, etc. That's not overvalue, thats currency LOSING value. Are you daft? If goods and services are the thing that gets inflated, how the hell do you explain people in soviet russia needing wheelbarrows of currency for a loaf of bread during the collapse of the soviet union? Is Russian bread worth more than any other bread?
- You are right but I question the assertion that bartering is a form of established currency--how do you run a nation-state on that system?
- "Do you even know what inflation is? You keep saying overvalue, which leads me to believe that you don't wow. you are totally right! GOODS and SERVICES are overvalued in an inflationary period and not the currency. DUH! its like macro101. i need to find my brain. can i get a mulligan on my argument?
- Do you even know what inflation is? You keep saying overvalue, which leads me to believe that you don't. Inflation, in a nutshell, means that the more money you print the less valuable the rest of the money in the system is worth. The term inflation refers to the price of goods, IE food/gasoline/etc. The price goes UP, because the dollar value is LOWER. Inflation is not a natural phenomenon in all currency systems. If that were true, explain how a barter system could experience it.
- Inflation is a natural phenomenon u matter what ur currency system is--u can't blame that on central banking. What I meant by the overvalue statement is that u believe the $ is highly inflated. I can assure that at this very moment it is not. U know how much money the Tres. is pumping into foreign currencies to stabilize the world economy? Inflation should be the last thing on our minds--if u believe this correction is necessary u have no idea how bad it could get without govt intervention.
- You measure that statement by doing simple price comparisons of commodities in the past vs prices of commodities in the present. In the 1950's for example, you could go to the grocery store with about 5 dollars and come out with several bags of groceries. Today, you go into a grocery store with 5 bucks and are lucky if you come out with more than one or two items. I'm not worried about the dollar's overvalue, I'm worried about how worthless the dollar is becoming. It's paper. Nothing more.
- "I think currently, the only politician making any sense is Gordon Brown (wow... I never thought I'd say that!) - his plan to stabilise the banking system and inject liquidity into the market by buying a £50bn stake in the biddest banks will likely be copied in the EU. Alistair Darling, the chancellor, has produced a well-judged package..." thank God you have a brain and know economics! but, frankly, even with the best plan we are going to face hard times.
