Comments on: Ron Paul Vs The Economist

By: James

James — Sun, 26 Jul 2009 01:15:12 +0000

I can’t believe their are so many idiots out there that believe this crap. I mean seriously a can of Tuna cost 89 cents 8 years ago and now it cost 2 dollars. This is inflation in action people it robs the value of the money supply. Let me tell You a little secret the money You hold in Your hand is just paper it has no worth what soever and the only reason its valuable is because You think its valuable. The FED prints up all the money for the government to operate at interest and thats the truth. Our taxes do not go to the government it goes to the FED to pay off the interest. You people that don’t understand this better wake up because this is the most important thing today plain and simple. The worse part is the FED is a private institution owned by the rich banking interests which make money just by printing it up and selling it to the banks and the government. Our economy was destined to crash because We have a debt based currency that is backed up by nothing. They knew this crash was coming and guess what they excelerated it by giving out those so called free loans. They knew this was going to happen because after all they are a bunch of filthy thieving bankers… You see if You have a debt based currency and people continue to take out loans money keeps flowing through the economy. The minute everyone gets up to their eye balls in debt and starts paying off that debt the money vanishes and the economy crashes. This is the whole reason We need honest money so the rooster suckers can’t inflate it to take advantage of free money because it has to be mined.

By: Athan

Athan — Sat, 25 Jul 2009 19:40:57 +0000

So let me get this straight. The Fed, with all its previous privileges of the past, created one of the most largest world wide economic collapses in history. So the solution you propose to clean up this mess is to continue to allow these idiots MORE power and their previous secretive privileges? All while most of the world ignored those who warned are STILL being ignored even though they have been right about everything unlike your puppet masters?

You people are bought, paid, and corrupt. Not to mention fantastically mentally retarded and potentially a group of traitors. At the very best, you simply don’t care for your readers or country. You may call yourselves “economists”, but you have little understanding how people contribute to advances in human civilization. Imagine the Wright brothers deciding to forget inventing the airplane in 1909 after people like you promoting them to stay on welfare and government handouts.

Your a waste of web space and print.

By: Kyle K

Kyle K — Sun, 19 Jul 2009 18:26:30 +0000

I have subscribed to the Economist for years, for its quality of writing and breath, and other commendable attributes. I just held my nose when reading (or skipping) the defense of Keynesian economics and clear bias to the established banking industry.

I finally pulled my Economist subscription last month and donated the money to Lewrockwell.com. I can’t support the lies of the establishment any more.

By: F-the-Fed

F-the-Fed — Sun, 19 Jul 2009 12:50:29 +0000

Wow.
Economist just blew it’s reputation.
At least we now have a better understanding of how deeply penetrated these minions of the fed have become.

Great Job America!
This was an exercise in critical thinking, and we need to keep it up if we hope to expose more of these fraudulent sources of information.

RON PAUL 2012

By: Gabriel

Gabriel — Sat, 18 Jul 2009 22:39:55 +0000

“Don’t let that fool you, this bill is potentially quite dangerous … it clearly weakens the Fed’s independence …”

This bill is dangerous only to those who run the Fed and their friends. I guarantee you that if this bill goes through, the Fed will cause some horrific thing in the market.

“The Economist” has no credibility if they are adverse to transparency in our economy.

By: Joshua R.

Joshua R. — Sat, 18 Jul 2009 19:29:34 +0000

I find it amazing that the Economist (or its reporters) does not know the definition of inflation. The comment at the end of this interview shows just how little they know.

Let me give them a little lesson…

Inflation is inflation of the money supply. When the money supply is inflated (made larger, more dollars created) then the value of each individual dollar declines.

When the value of the dollar declines, it takes more dollars to purchase anything. Inflating the money supply hurts the lower class and the middle class the most. This is analogous to a tax. Both take your money… one directly and one by simply destroying the value of your money.

So to say that the Federal Reserve needs to be “independent” so they can protect “inflation” is nonsense. If you want to protect inflation, you must get rid of anyone (including the Fed) who can counterfeit the dollar at will. All the Fed does is create inflation and redistribute wealth.

Moreover, this interviewer doesn’t know any economists who want to return to sound money? Wow. What a shame that the Economist is so willing to hire such ignorant interviewers. There are many many many economists who support such an idea. In fact, a great many have signed on to a letter in support of Ron Paul’s bill.

If you want to find economists who support returning to a gold standard, just learn about the Austrian School of Economics. It is large, has many supporters, and it teaches how money can never be sound when anyone, including the Fed, has the ability to just create more of it out of thin air. If we could create wealth like that, then why doesn’t the Fed just print out a trillion dollars for everyone in the United States? Why futz around with interest rates, and pretend to control inflation? Let’s just really make everyone wealthy?

If you understand why the above cannot work, (because each dollar printed would just weaken the value of all others and though we would have more dollars, they would be worth a whole lot less)
then you understand why the Fed is so diabolical (because every time they print money to give to their friends, they do so by weakening the value of your money – in essence – they steal from you.)

What a shame that children these days (this interviewer is a prime example) have no idea what economics is about. So sad that anyone would still be brought up in the Keynes tradition (as is clear here) when Keynes’ ideas have been debunked long ago. All those ideas are good for is for the Government to have a stronger hold on its citizens.

If you want to learn something read Economics in One Lesson by Hazlitt. It is easy to read. All truth usually is.

By: Andrew Hollister

Andrew Hollister — Sat, 18 Jul 2009 18:55:10 +0000

I am surprised that the Economist would publish this interview. It makes the Economist look terrible. I agree with all the comments above. I had not paid attention to Ron Paul before, thinking he was just a nut.

I apologize to all I used to look down upon before. Mr. Ron Paul is truly an amazing man. I have been looking for anyone to speak truth for a long time now and have been numb to the idiocy. But to hear a man who truly understand “ECONOMICS” something I previously thought this magazine did, well, it is like viewing the Emperor without his clothes for the first time.

I am grateful to the Economist for bringing me this interview for two reasons:

1. I got to view Ron Paul’s position for the first time and find a man of intellectual honesty. (I can’t wait to read more of the things he has said).

2. I was able to understand just how Socialist/Fascist/Marxist (Pick your poison) the Economist magazine is. Clearly, the magazine is in favor of the Government taking over the state and controlling all of the wealth in the country. As a Jew, this is terrifying to me. I remember. I wish others did.

By: Henry Miller

Henry Miller — Sat, 18 Jul 2009 13:40:10 +0000

I can’t believe that The Economist is sufficiently naive as to think that secrecy actually protects the Fed from political influence. Not all “influence” is achieved through legislation and the established mechanisms of government. Phone calls between friends and acquaintances, quiet words over coffee… All secrecy does is shield this kind of subtle influence from public view, making it just that much more insidious.

By: Luke

Luke — Sat, 18 Jul 2009 05:36:49 +0000

THE FEDERAL RESERVE IS A PRIVATE BANK.

IT MUST BE ABOLISHED.

By: Real American

Real American — Fri, 17 Jul 2009 22:12:29 +0000

I look at our streets,schools,courts and government
and believe there is no way we our going to get our
country back on track with out a Civil War
unless our five star generals stand up and toss the Scum
out of our streets,schools,courts and government.
but this Scum is not going to leave peacefully